Benefits of Bitcoins recent price drop

[Bazzu]

yes, I agree with the topic you made that it is true that the decline in bitcoin has a positive impact on those who understand and experience bitcoin, because usually people who don't understand bitcoin will actually be afraid to buy when the price of btc drops, and indeed with the circumstances bitcoin now which is down and can also be called a correction,
is a good opportunity and don't waste it because when the price of btc drops, it's the right time to buy btc and accumulate as much btc.

I think this is a very good topic friend...

[GreatArkansas]

With the current price, some people will still not invest in Bitcoin Many will still be expecting a fall in the price till it starts rising.
(....)

This is a common problem with us, it's on our emotions and I believe most people can relate when times that price is dropping, we are afraid to buy because we are thinking it may still go down. Same also when pumping, we are thinking it will always go up and we really feel happy about it without thinking other circumstances.

[wxa7115]

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

I disagree with this statement. It is my believe that anyone who really wants to invest in bitcoin would irrespective of the rise or drop in price. They would have done their homework and learned that Dollar-Cost-Averaging strategy
helps them to buy bitcoin consistently at a specific time whether the price is high or. That is to say, the price wouldn't be their concern. Additionally, investing in bitcoin has nothing to do with the price rather with the individual.

Such a strategy is without a doubt implemented by the long term holders we have on this market, which constitute an important share of the market participants.

However there are many newbie investors which panic at the first sign the price is going down, something that we are witnessing right now on the forum, and taking into account that social media is prone to all kind of clickbait and exaggerated news then it would not surprise me if this was even more common there than on the forum.

[Gladitorcomeback]

Whenever btc drops we have seen a good comebacks of btc stronger than previous one. in 14 year of Btc history we have seen drop of Btc many times and after every drops we seen ATH which show that Btc drop or correction is most important for btc to rise strongly.

Whenever Big whales and institutes want to buy btc in large amount they first drop btc which creates fear in market. As a result week hand start selling btc which further drop price of btc. When whale find that all weeks hand now leaves the market and Price now become stable they start buying for long term and now Btc price lower point will be high with great buying volume which increase the chances of ATH.

[fuguebtc]

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

I disagree with this statement. It is my believe that anyone who really wants to invest in bitcoin would irrespective of the rise or drop in price. They would have done their homework and learned that Dollar-Cost-Averaging strategy
helps them to buy bitcoin consistently at a specific time whether the price is high or. That is to say, the price wouldn't be their concern. Additionally, investing in bitcoin has nothing to do with the price rather with the individual.

Do you mean you invest in bitcoin but don't care about bitcoin price? I do not think so, once invested, whether short-term or long-term, the price is still the most important thing. No one wants to buy high price because it doesn't bring good profit for us. I partially agree with OP, discounting is good, and it helps strengthen the market, removing weak hands from the market. But given what's going on, I think bitcoin only corrected slightly, not plummet to cause panic in the market.

[btc_love]

I'm not sure I buy the idea that the drop in price is some kind of grand plan to weed out impatient holders and make the Bitcoin ecosystem stronger. Seems like a bit of a convenient explanation after the fact.

[landheer]

from the price of more than $ 30k btc the price has slowly fallen down and it's strange that many are joining in selling btc even though they are losing, and now the price of btc is in the range of $ 27k and in my opinion with this decline there will definitely be many who will take advantage of the situation including many who buy btc with dca system.
so it's true that the reduction in the price of btc has provided many benefits for those who can take advantage of it.

hopefully btc price will fly higher.

[ektotanes]

The price drop is a huge opportunity for new people to enter Bitcoin. It is as well a good opportunity to accumulate more coins for hodlers.
In fact, does this have a downside?

[Twentyonepaylots]

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

I disagree with this statement. It is my believe that anyone who really wants to invest in bitcoin would irrespective of the rise or drop in price. They would have done their homework and learned that Dollar-Cost-Averaging strategy
helps them to buy bitcoin consistently at a specific time whether the price is high or. That is to say, the price wouldn't be their concern. Additionally, investing in bitcoin has nothing to do with the price rather with the individual.

Do you mean you invest in bitcoin but don't care about bitcoin price? I do not think so, once invested, whether short-term or long-term, the price is still the most important thing. No one wants to buy high price because it doesn't bring good profit for us. I partially agree with OP, discounting is good, and it helps strengthen the market, removing weak hands from the market. But given what's going on, I think bitcoin only corrected slightly, not plummet to cause panic in the market.

I agree with this, price is still a major factor that is needed to be considered when investing. I think it is also important to have a technical analysis of the price movement so that you can assess when to buy. This proves that the best thing to do is not to just buy on whatever price it currently has, you need to really assess the situation so that you can get a greater amount of profit.

[Stella Mese]

when the price of btc fell, many were anxious and panicked and in the end, they took part in selling btc even though they made a loss and I personally have experienced and done that, because I still don't know much about the market situation.
but strangely when the btc price goes up, many panic buy because they are afraid of missing this price, this is really funny.

I think in this case it depends on us whether we take wise steps or not.

[Nrcewker]

This is not exactly a drop according to me, it’s just a slight pull from the market in order to have price correction. Yes as OP have mentioned this have many benefits, and if one is wise enough, then he might have already utilised this and started accumulating as many Bitcoins as he can. Bitcoins are very rare, so whenever there is a price drop, don’t think of anything else and start buying the coin. Bitcoins are bound to rise, as these are limited in numbers and the demand for the coin will increase. Hence treat each phase of Bitcoins positively and take the advantage.

[Kaliandra]

The price drop is a huge opportunity for new people to enter Bitcoin. It is as well a good opportunity to accumulate more coins for hodlers.
In fact, does this have a downside?

a decrease in the price of btc is common for people who are experienced because a decrease in btc provides a good opportunity for those who are interested in buying btc, but there is also a downside to a decrease in the price of btc, namely for people who do not have experience and knowledge it will make them panic and sell it even though they are at a loss. but in this case surely everyone's view will be different.

[lepbagong]

falling prices and rising prices will always occur and I can agree with you [OP], that indeed a decline will provide reinforcement for bitcoin to be able to move immediately when the time comes to increase.
but I really doubt and don't believe in that, that with a decrease in price, many will sell it, on the contrary, more and more will buy to add to the investment that has been made.

it could be as you think if the seller is someone who doesn't understand and there is a fear of receiving even bigger losses because the price purchased is higher than the latest price, causing panic which is actually detrimental.

I really believe that those who sell not big and bigger are still holding it even those who want to buy.

[BVeyron]

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

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

[AmoreJaz]

when the price of btc fell, many were anxious and panicked and in the end, they took part in selling btc even though they made a loss and I personally have experienced and done that, because I still don't know much about the market situation.
but strangely when the btc price goes up, many panic buy because they are afraid of missing this price, this is really funny.

I think in this case it depends on us whether we take wise steps or not.

well, that's the cycle here in this market. so if you truly believe that btc will have a good future, one should slowly accumulate his satoshis every time the opportunity presents itself.
so this decision varies from one person to another. as they have their own financial capabilities as well as beliefs on this market. but one should not feel being forced to invest and buy coins. it should always be their prerogative to buy one.

[Salahmu]

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

Every drop on Bitcoin price always present an opportunity for people to accumulate and in times of the impatient holders it all depends on there perspective and target who prefers buying low and selling immediately as the price comes up, those people have a fear of uncertainty they listing to critics from people about Bitcoin which is caused by lack of knowledge about Bitcoin potential, but for those that sees Bitcoin on how well it will become in the future will utilize the opportunity to accumulating from the price drop.

[Marvell1]

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

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

It's hard to say whether bitcoin price is more important or adoption is more important, but one thing is that they are closely related. If adoption is not increasing and demand is not higher than supply, how can we stimulate prices to increase? So I think these two things will go parallel to each other, they cannot go in opposite directions. As for bitcoin being used to replace fiat, I don't think that will happen even if adoption becomes more widespread. Do you think the government will agree to let that happen?

[bangjoe]

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

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

It's hard to say whether bitcoin price is more important or adoption is more important, but one thing is that they are closely related. If adoption is not increasing and demand is not higher than supply, how can we stimulate prices to increase? So I think these two things will go parallel to each other, they cannot go in opposite directions. As for bitcoin being used to replace fiat, I don't think that will happen even if adoption becomes more widespread. Do you think the government will agree to let that happen?

I am a little ambiguous but hopefully I am right, it means that it might adopt Bitcon for a currency in business, we don't see that, some time ago Tesla had tried it and yes it was only briefly, we must understand the direction in this matter because of adoption = request, Either using Bitcoin to be an alternative investment or currency is an adoption, and when adoption increases on the market map of the market push that makes Bitcoin rise.

Maybe we can see El Salvador, Nayib Bikele regulates Bitcoin payments, I think now it is still in the learning stage for other countries because the financial system is very vulnerable, so it takes time to implement it.

The benefits of decline are very important for an investor, both old or new investors, a decrease in key where we can take advantage, as we know that Bitcoin always returns to the top price.

[KiaKia]

Right now many Bitcoin holders are giving up because the price isn't moving, we keep losing investors because we are in a bear market, but the little investors who held and keep buying in these lows are going to be the true champions in the next bull market, it's funny how people only want to be present when things are looking good, it shows that many people can't be trusted, only few will always stay when things get worse.

Do not be fooled, you must keep buying Bitcoin and hold very strong, when the market starts showing bullish signs, those who quit because the value isn't good enough will come back into the market, they will buy at a higher price, it's been going on like this since the beginning.

A bear market is where the real OGs are made, every dips in this period is an opportunity for those who knows what a real opportunity looks like.

[WatChe]

I think that the price of BTC is less important than adoption level, since most people don't buy BTC due to lack of possibilities to use them instead of fiat money. Nearly none of business initiatives accept BTC directly, so, in general, its price simiply doesn't bother those people, who are unfamiliar with BTC, regardless if it rises or falls. As for hodlers... I think that there is still a chance to get a good profit after some time, btc is a good asset, if the investment strategy is long-term hodling...

Despite such low adoption level Bitcoin has made it to 67k$ and now trading at 26k$. We need to understand that every new technology is rarely welcomed in the start. A decade back Bitcoin started its journey from 0$ and nobody predicted that it will go to 67k$ in next ten years. No doubt the adoption level is low today but we cant say that same will be adoption level of Bitcoin in next five or ten years. The biggest greed in accumulating Bitcoin right now is the halving coming up next year that will suppose to take Bitcoin price to new heights (DYOR).