Benefits of Bitcoins recent price drop

[Victony]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

[dimonstration]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

I agree on this. This is always whatI’m thinking whenever the price of Bitcoin drop significantly. It’s a normal correction since we reach 30K from below 15K last year. I think having a 100% growth within a year is already a good achievement for us to less worried on simple price drop like this.

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

I think only those who take profit are willing to enter when everyone is fear to buy. Normally, non bitcoin holder that doesn’t want to buy on current price will always be scared buying on current price. They will always wait for dip and dip until Bitcoin pump again. They will buy when the price is mooning and not dumping because they will always be scared.

[smile1218]

With the recent price drop of Bitcoin it gives the investors an opportunity to buy Bitcoin at a lower price that is one of it's benefits. But not everyone is willing to invest they are still longing for a much lower price before they will invest. The long time players in this kind of investment are the most capable in investing in bitcoin and willing to take risk because they are already used to the volatility of the market. Taking advantages of the price drop is worth it if you are aiming for a long term investment.

[thecodebear]

Price drops are of course healthy. We've already had numerous price drops so far this year. This one isn't any different. heck we had a much bigger price drop just like 6 weeks ago.

When the price doesn't drop or go sideways occasionally, we end up with something like 2019 when the bear market ended and Bitcoin went from $4k to $13k in like 2-3 months and then we got like 6 months of it steadily going down. The market overheated due to hype of the bear market ending in 2019 and we got a little mini bear market the whole second half of that year which wasn't fun.


This year so far the price action has been very healthy. Price has gone up a bunch but every couple thousand dollars it has stopped for a while or dropped back down to keep things in check and keep the price from shooting up too quickly.

Like, we want Bitcoin to be working its way through the $35k-$40k range over the course of this summer, we don't want it doing that like next month, cuz that would be too fast. And if Bitcoin had just kept going up from $30k this month, instead of taking a breather with a drop, like it has already done several times earlier this year, we'd been seeing $35k-$40k probably in May and then we'd probably be looking at a couple months long down market in the summer which wouldn't be fun for the market.

[Poker Player]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

Yes, well, you can always look at things from an optimistic perspective. The problem is when we have been in the bear market for a long time, being able to buy cheap. You are looking forward to the price starting to rise, although this year it has started to do so and it seems that we are getting out of the hole.

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

This does not make much sense and also confuses value and price. The value is an objective idea that does not have to coincide with the price at this particular moment, which is subject to the feelings and ups and downs of the market.

[bbigtart]

A fall in the price of Bitcoin can be an opportunity for investors to buy Bitcoin at a lower price. For investors who are familiar with the crypto market and the Bitcoin ecosystem, price drops can be seen as an opportunity to buy more Bitcoin at a more affordable price.

What needs to be understood Bitcoin has grown and become increasingly strong in the ecosystem. This is reflected in the increasing number of large companies that are starting to accept Bitcoin as a form of payment, as well as the increasing number of financial institutions that are interested in investing in Bitcoin. So the late end bitcoin drop I think is healthy.

[Fundamentals Of]

The first benefit of the recent Bitcoin price drop is that it is made more affordable. People who have been buying Bitcoin will be happy that this time around they can once again buy Bitcoin at a discounted price. Those who have been buying in DCA mode will also be happy because this will bring down their average purchase price.

But those who have always been waiting for the price of Bitcoin to fall down so that they will buy will never really buy. If they don't buy when the price rallies and they won't also buy when the price corrects because they fear that it will decrease more, they will never really buy.

[laurenB7742]

Simply put, to make a profit on our investment, we need to buy low and sell high, and the bear market is our buying opportunity, so I never panic and always feel excited every time the price drops. It's an extremely understandable thing in investing, but I don't understand why so many people panic and panic when bitcoin drops 5% or 10%. People just always want bitcoin to go up and have the highest price. The price increase really has no effect if we don't have bitcoin in our pocket. It only makes us regret and envy the success of others.

[reagansimms]

Bitcoin performance from the middle of March to April was very good, reaching $30k was the momentum that holders had been waiting for. Investments that understand Bitcoin performance always welcome the correction that has just occurred, they will prepare supplies before the plane departs on the next flight. After putting in a grueling job in the last few months, Bitcoin looks like it's looking to get back on steam for its next pump. What you just saw in the market is a normal correction experienced by Bitcoin, Holders who are afraid of market conditions will immediately release it to people who have the financial strength to welcome the upcoming bull.

The market sentiment turned bearish due to profit taking by some investors who had been holding Bitcoin since last year at around $15k, another cause of further Bitcoin decline as Bitcoin holders were unable to withstand the market pressures that invited mass selling. On the other hand this modest decline will reverse course leading to the liquidation of a large number of bullish investors who have always been optimistic about Bitcoin performance to return to above $30k.

[davis196]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

This is wrong on so many levels.
1.The Bitcoin price has nothing to do with the Bitcoin "ecosystem"(I assume that by "ecosystem" you mean the blockchain). The Bitcoin price could be 5 dollars right now and the Bitcoin blockchain would be as strong as if the price was 60K or 100K.
2.There is no such thing as "impatient hodlers". The true Bitcoin hodlers aren't impatient. The ones, who are selling BTC right now are the day traders and short term investors. They are not hodlers(or maybe they are hodling a part of their BTC and selling the other part).
3.The newcomers to the Bitcoin/crypto world don't understand Bitcoin better than the experienced Bitcoiners.

[serveria.com]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

First, I have to point out that this isn't a "drop", "fall", "decline" etc. This is merely a correction, a tiny one. Anyone, who has been in Bitcoin long enough will tell you that. There's no "bearish sentiment", in fact, we're climbing back up already. So keep calm and have some patience - you will be rewarded for that!

[aoluain]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

I agree on this. This is always whatI’m thinking whenever the price of Bitcoin drop significantly. It’s a normal correction since we reach 30K from below 15K last year. I think having a 100% growth within a year is already a good achievement for us to less worried on simple price drop like this.

...and when the markets start rising again past the point at which they sold their Bitcoin
it teaches them that they either should have bought back at a lower price or never sold
in the first place!

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

First, I have to point out that this isn't a "drop", "fall", "decline" etc. This is merely a correction, a tiny one. Anyone, who has been in Bitcoin long enough will tell you that. There's no "bearish sentiment", in fact, we're climbing back up already. So keep calm and have some patience - you will be rewarded for that!

...and this "correction" was due like the rise which will follow this fall.

Its funny how the Bitcoin price always have to "correct" to a lower price and never
in the opposite direction!

[Botnake]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

First, I have to point out that this isn't a "drop", "fall", "decline" etc. This is merely a correction, a tiny one. Anyone, who has been in Bitcoin long enough will tell you that. There's no "bearish sentiment", in fact, we're climbing back up already. So keep calm and have some patience - you will be rewarded for that!

I would agree to this. Bitcoin is highly volatile so expect that corrections will appear every now and then. But for me, it isn’t something to be disappointed about the price. It’s even a good opportunity to buy more while bitcoin has not reached its peak. And as a long term hodler, I get used to it already and one thing is certain, no matter how deep the correction is, the price will always come up climbing again once the correction is over.

[LittleBitFunny]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

First, I have to point out that this isn't a "drop", "fall", "decline" etc. This is merely a correction, a tiny one. Anyone, who has been in Bitcoin long enough will tell you that. There's no "bearish sentiment", in fact, we're climbing back up already. So keep calm and have some patience - you will be rewarded for that!

You are right, what is happening is a correction of bitcoin, not a drop as many are spreading. We went from 15k to 30k, and the correction is predictable. But whether it's a correction, drop, or fall...as long as it keeps the bitcoin price low, it's the perfect time to buy and accumulate bitcoin. This is not the time to panic and find out what caused it, or panic dumping our bitcoins.

I feel many people still don't understand the benefits of bitcoin correction and price drop, every time bitcoin corrects, there are many questions asking why, why bitcoin is falling without focusing on buying bitcoin when the price drops.

[Obito]

With the recent price drop of Bitcoin it gives the investors an opportunity to buy Bitcoin at a lower price that is one of it's benefits.

Exactly, a lot of people are worrying too much about the price dropping, when it's always been an opportunity to buy whenever the prices are down and now with bitcoin's strong market price history, it should be a no-brainer for many people to get into it while it's not yet skyrocketing. But not many have the money to spend to get into long-term so we have to factor that in.

[Outhue]

It's nothing but a shake out, this shake out is necessary because of weak hands, and some are saying that Bitcoin is going back to 15,000$, it sounds scary and possible but I am not bothered because every down fall of Bitcoin is a new opportunity, if your goal is 80k to 100k per Bitcoin its a good opportunity for you to keep accumulating. It won't matter if you are buying at 25,000$ or 15,000$, if your goal is a new all time high from Bitcoin do not stop buying.

Many people lose their cool once bitcoin start losing value, if you don't accept this as the normal thing you will always be in a panic and you may end up taking profits too early or even selling for a loss, Bitcoin market is not for weak people, and weak people in crypto space are those that failed to understand how Bitcoin works. Whatever the case might be, always plan for a long-term hold, a bear market will come to an end when the time is right.

When my portfolio goes down 20%, I always get affected, and this has led me to make some stupid decisions that I end up regretting. The first mistake I made as a crypto investor was fear of losing money. Do not make the same mistake, holding is the best way to grow your portfolio.

[Jawhead999]

I don't think the recent drop 10% in 7 days is really a big matter, it's normal and not that big. Many people already suffer higher than that especially if they invest in shitcoins, but the difference is, holding shitcoins price high unlikely will recover while Bitcoin, anyone already expect it will recover after a year of halving season.

If Bitcoin price back to $20K, then it's obviously many people will spreading FUD and thread like this is needed to make weak hands aware.

[Doan9269]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

In everything, always take advantage of the situation or circumstances that surrounds it, when bitcoin price is dip, some make their money that exact time while others also make theirs when it surges, this was because they understand what they are doing, trading does not rely only in buying and selling, it involves the understanding of the market strategies and patterns in which bitcoin price is going toward, this direction could be deduced from the chart pattern on weekly candles, speculation on price and comparisons of previous occasions on bitcoin price at same time.

[kaseygriffin]

The Bitcoin price drop can have different benefits and consequences, when the price is lower, newcomers who want to enter the crypto market have an opportunity to invest in Bitcoin or other cryptocurrencies at a fraction of the cost lower investment. Lower prices could get support from mid-term or long-term investors, helping to reduce selling pressure in the market. A falling price provides a more accurate assessment of Bitcoin's true value, making the market more honest. However, price drop can also have consequences, I think lucky investor can still sell their Bitcoin before the price drops, but unlucky investors will lose money when the price drops. Along with that, unstable growth can reduce the reliability of Bitcoin as the currency of choice for investment or use in transactions. The drop in price not only affects Bitcoin but also affects the entire crypto market, which in turn can create instability and difficult to predict in the market. All in all, the Bitcoin price drop can bring both benefits and consequences to the cryptocurrency market and investors, so it is necessary to have a sound investment knowledge and strategy before deciding to invest in Bitcoin or not any other asset class.

[jossiel]

Firstly drop in the price of Bitcoin helps strengthen the Bitcoin ecosystem by making impatient holders sell their Bitcoin hodlings to others who understands Bitcoin better

It will help those that have long wanted to join the Bitcoin ecosystem quite encouraged to purchase Bitcoin

It will help capable hodlers  reduce Bitcoin spending to in turn help increase demand and value

Well, it's difficult to hear it that many are impatient but then you know who are amongst those who really are waiting for those sold bitcoins at cheaper price?

Those are the whales and the institutions like Microstrategy that have been dedicated to acquire as many bitcoins as they can because they do understand the promising future of it based on the factors that it has got.