Benefits of Bitcoins recent price drop

[virasog]

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).

The recent low bitcoin prices give an opportunity for the holders and believers of bitcoin to accumulate more bitcoins. Also, this gives another chance to those who wanted to have Bitcoin in their portfolio but waited for a low price to buy. Now is their time to buy and accumulate as we know that bitcoin will reach its All time high again near or after the halving.

Only the people who are in long positions or who do not know the future of bitcoins will panic at the bitcoin price drop. They get influenced by social media where they will find all the bad news along with the price drop making the investors' confidence shake and many weak hands just sell out their bitcoins.

[Asuspawer09]

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

For sure it is not obviously a negative thing when the market price of Bitcoin drops a huge percentage since it is also a big opportunity for other investors and traders to buy Bitcoin at a good discount, It was sure not a good thing for someone who buys bitcoin before the drop because they already lose money when the price drop already but still you're not really going to lose money unless you're going to sell already at that time when the price drop.

Personally, I would prefer the market price to drop more since I am going for long-term investment I dont really have intentions to sell my investment at this time so for sure, so if the price sustain at this market point I could easily buy and accumulate more Bitcoin since I'm buying Bitcoin at a discount I could accumulate more in the Bullrun it is going to be a huge profit for sure. I mean the market is just a cycle so there are always going to be drops like this even at the top.

[kingvirtus09]

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.

There are many who think that Bitcoin will go down in the market, and there are also many who think that Bitcoin will go up in the market. That if we look at it until now, it is still very difficult to determine whether it will really fall or rise? With the volatility of Bitcoin, there is a chance that the movement is slow, and there is also a chance that its movement is very wild in the market.

In these instances of the situation, this is where the advantage comes in: you have an understanding of reading a graph or chart on a trading view platform, so you know if this is the right positioning to buy or sell Bitcoin or crypto.

It's not good that we just base it on guesses because we don't have the knowledge to read the crypto trading situation. This style of trading is not correct or invalid, in my own opinion.

[Inwestour]

The recent low bitcoin prices give an opportunity for the holders and believers of bitcoin to accumulate more bitcoins. Also, this gives another chance to those who wanted to have Bitcoin in their portfolio but waited for a low price to buy. Now is their time to buy and accumulate as we know that bitcoin will reach its All time high again near or after the halving.

Only the people who are in long positions or who do not know the future of bitcoins will panic at the bitcoin price drop. They get influenced by social media where they will find all the bad news along with the price drop making the investors' confidence shake and many weak hands just sell out their bitcoins.

Such a long winter on the crypto market will contribute to the fact that more and more people will be doubt by Bitcoin, but those who firmly believe in this coin will of course continue to accumulate it and if the price continues to fall, this will be another good opportunity to accumulate as much Bitcoin as possible.

I’m even thinking about the need to make some kind of reserve of funds specifically in case something like this happens, as happened at the time of the Covid dump, it could happen, some short-term, significant drop that would be a very good opportunity to buy. But this may not happen, so now it’s worth sticking to the plan and buying Bitcoin.

[irhact]

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.

Every Bitcoin dip present us with an opportunity to accumulate because we know in the future the price of Bitcoin will increase and give us profits. We shouldn't be scared of the market when it dips but be happy because now we can buy Bitcoin with a discount. The only benefits of a dip in Bitcoin price is the benefits the dip gives in reducing the price of Bitcoin so we can use same amount of money and buy more amount of Bitcoin to continue holding in our private wallets.

Only the impatient individual that are looking for quick profits will ba scared when the market dips and they'll sell their Bitcoin because they don't want to lose money but the set of individuals that have patience are those that'll benefit when the market rise back up in profits.

[gabbie2010]

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

Truly some Bitcoin hodlers particularly newbies will definitely dump their coin as a result of panicking it is a very common scenario, however a larger owners or hodlers never bothered with any price drop because it's obvious the price would definitely rally back to turn bullish because price history repeat itself, while some hodlers also sold part or all the coins at the peak price to earn some profits as well as waited for a price drop to buy just like the present price drop and start accumulating again thus this process is being continuously repeated by the  process of buying low and selling high though this requires some little knowledge of how to and when to buy low and when to sell high.

[posi]

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

Truly some Bitcoin hodlers particularly newbies will definitely dump their coin as a result of panicking it is a very common scenario, however a larger owners or hodlers never bothered with any price drop because it's obvious the price would definitely rally back to turn bullish because price history repeat itself, while some hodlers also sold part or all the coins at the peak price to earn some profits as well as waited for a price drop to buy just like the present price drop and start accumulating again thus this process is being continuously repeated by the  process of buying low and selling high though this requires some little knowledge of how to and when to buy low and when to sell high.

I wonder why people always blame newbies every time bitcoin price drops? Not all newbies are stupid and sell their bitcoins in a hurry or they all enter the market blindly like we think.

Don't forget that in the market, in addition to long-term investors like us, there are also day traders and futures traders. So it is completely understandable that bitcoin is liquidated and sold at low prices, we should stop blaming newbies. Not to mention, there weren't even any new people selling their bitcoins, the price drop was just a manipulation to liquidate the short order.

[Wapfika]

I wonder why people always blame newbies every time bitcoin price drops? Not all newbies are stupid and sell their bitcoins in a hurry or they all enter the market blindly like we think.

Because newbie often panic sell that’s why I understand his sentiment about them. Most of the Newbie(not all) usually panic sell whenever there’s price movement downward since they always check the price. Only few pro old time trader do it and most of them doesn’t know the basic trading strategy.

Don't forget that in the market, in addition to long-term investors like us, there are also day traders and futures traders. So it is completely understandable that bitcoin is liquidated and sold at low prices, we should stop blaming newbies. Not to mention, there weren't even any new people selling their bitcoins, the price drop was just a manipulation to liquidate the short order.

Day traders and futures traders is not the culprit for this huge movement since they trading based on the daily price range or else they are not day traders if they dump out of the range. In able for the price to go lower than the average low price needs a huge sell pressure coming from different people that doesn’t care about the price and just want to exit.

[Gladitorcomeback]

I wonder why people always blame newbies every time bitcoin price drops? Not all newbies are stupid and sell their bitcoins in a hurry or they all enter the market blindly like we think.

Because newbie often panic sell that’s why I understand his sentiment about them. Most of the Newbie(not all) usually panic sell whenever there’s price movement downward since they always check the price. Only few pro old time trader do it and most of them doesn’t know the basic trading strategy.

Newbie are not the responsible for btc drops. Thier investment are not more than 1% could not bring any big movement in the market. The real responsible for this are big whales and exchanges. The real goal behind this drop is to liquidate big investors and you will see that drop of 10% of btc exchanges liquidate many million $. First they buy the news and then when people open position the whales play game and market reacts in opposite direction.

This is true that newbie often sell in panics but blaming them for price drop is totally wrong. Newbie selling impact on market is same as taking out a glass of water from the sea.

[Blitzboy]

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.

Every Bitcoin dip present us with an opportunity to accumulate because we know in the future the price of Bitcoin will increase and give us profits. We shouldn't be scared of the market when it dips but be happy because now we can buy Bitcoin with a discount. The only benefits of a dip in Bitcoin price is the benefits the dip gives in reducing the price of Bitcoin so we can use same amount of money and buy more amount of Bitcoin to continue holding in our private wallets.

Only the impatient individual that are looking for quick profits will ba scared when the market dips and they'll sell their Bitcoin because they don't want to lose money but the set of individuals that have patience are those that'll benefit when the market rise back up in profits.

Dips, downturns, downturns - whatever you choose to call them, they're like surprise sales in the market. When everyone else is yelling, "The sky is falling!" smart people like you are probably digging through their wallets and counting their cash, ready to grab a deal. You see, a dip isnt just a blip; its a chance.

This whole perspective is called "contrarian investing." Its not enough to just buy when everyone else is selling; you also need to know what you're getting is worth. I agree with everything you said about waiting. Its kind of like a secret superpower in the world of investing. Because those with a lot of sunshine (or Bitcoin in this case) will be the ones soaking in its glory when the storm is over and the sun comes back out. Let the impatient souls rush; slow and steady might just win this race.

[traderethereum]

A decline in the price of bitcoin will give novice or old investors the opportunity to make their first investment or buy bitcoin back at a low price.
This has helped many people, most of them are beginner investors who want to invest in bitcoin.
However, many people panic because the price of bitcoin has decreased without them being able to predict.
And it should be that when the price of bitcoin starts to decline, people should prepare their money to buy at the purchase price they want and start investing it gradually.
And if the price of bitcoin declines to $25k or lower again, it would be a good time to accumulate more bitcoin because it is a discount for those who want to buy bitcoin at low prices.

[dzungmobile]

This whole perspective is called "contrarian investing." Its not enough to just buy when everyone else is selling; you also need to know what you're getting is worth. I agree with everything you said about waiting. Its kind of like a secret superpower in the world of investing. Because those with a lot of sunshine (or Bitcoin in this case) will be the ones soaking in its glory when the storm is over and the sun comes back out. Let the impatient souls rush; slow and steady might just win this race.

The market is between selling and buying which are done by sellers and buyers. If you are a seller, there is another buyer who complete the deal with you on cryptocurrency market or through peer to peer trading platforms.

If you use DCA and have good investment capital as well as income with part of it for DCA regularly, you will not have to care too much about what dips are best to buy. Dips are great opportunities with discount prices so buying dips is great than normal buying.

[Wakate]

This whole perspective is called "contrarian investing." Its not enough to just buy when everyone else is selling; you also need to know what you're getting is worth. I agree with everything you said about waiting. Its kind of like a secret superpower in the world of investing. Because those with a lot of sunshine (or Bitcoin in this case) will be the ones soaking in its glory when the storm is over and the sun comes back out. Let the impatient souls rush; slow and steady might just win this race.

The market is between selling and buying which are done by sellers and buyers. If you are a seller, there is another buyer who complete the deal with you on cryptocurrency market or through peer to peer trading platforms.

If you use DCA and have good investment capital as well as income with part of it for DCA regularly, you will not have to care too much about what dips are best to buy. Dips are great opportunities with discount prices so buying dips is great than normal buying.

Anytime the market falls, I do see it as an opportunity for everyone of us that are investors to key in and buy Bitcoin since we don't know what we will happen next to the market. The market may fall further or go bullish not knowing when the bull market will commence. We surely know that the bull market will be available to us very soon that is why we need to key into the market and hold as much cryptocurrency we can so that we can make profits too when others will be counting there profits so far they have made in the market.

[Ale88]

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

Price drops are great for two main reasons:
- We get rid of all the useless people who bought bitcoin just to make some quick bucks, those people are going to sell while losing money because usually they think the price will never recover, that's why they don't understand what bitcoin is;
- It's a great opportunity to buy more, for me any price below $30k is a great buying opportunity.

[icalical]

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

Yes, that's what happened most of the time, people who are selling Bitcoin at the time of Bearish market mostly are people who just know about Bitcoin and try their luck on it. When they see it doesn't work they will just sell it. But for me, I don't see it as a good thing too tho, it's still a lost, attracting more people tho Bitcoin is always a good thing, and I don't think it's wrong that people initial motivation to buy bitcoin is for a profitable investment.

[Yamifoud]

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

Yes, that's what happened most of the time, people who are selling Bitcoin at the time of Bearish market mostly are people who just know about Bitcoin and try their luck on it. When they see it doesn't work they will just sell it. But for me, I don't see it as a good thing too tho, it's still a lost, attracting more people tho Bitcoin is always a good thing, and I don't think it's wrong that people initial motivation to buy bitcoin is for a profitable investment.

We could think that not all can take risks, yes, some just invest without knowledge.  
Well, I can't blame them either because of their market understanding. We can say that newbies sell often when the market price drops but on the other side, this will give old investors the chance to accumulate more and take advantage of the situation. We can say that only those people who fully understand the nature of the market will be able to hold and remain calm but for those doubtful people, panic and negativity easily come into their minds.

[freedomgo]

It’s always known that every time bitcoin price drops, it always opens a new opportunity for new investors to enter the market and buy significant amount of bitcoin while it’s on bargain. Same like when the market turns bearish, it’s always the best time to pursue investing in the market as it creates potential investments and maximize your accumulation on it. So when we see in the market that crypto prices are getting low, it does not mean that we should lost or hope, but it’s a sort of encouragement that we should keep investing on.

[_BlackStar]

-snip-

The recent low bitcoin prices give an opportunity for the holders and believers of bitcoin to accumulate more bitcoins. Also, this gives another chance to those who wanted to have Bitcoin in their portfolio but waited for a low price to buy. Now is their time to buy and accumulate as we know that bitcoin will reach its All time high again near or after the halving.

Only the people who are in long positions or who do not know the future of bitcoins will panic at the bitcoin price drop. They get influenced by social media where they will find all the bad news along with the price drop making the investors' confidence shake and many weak hands just sell out their bitcoins.

Adherents of long-term investment with the DCA strategy certainly hope to be able to accumulate as much as they can. Current market conditions allow them to do so as often as possible - but of course some adjustments due to inflation need to be considered. I'm not talking about institutions or whales - but this is about investors who only invest from the budget they manage to save at the end of the month.

We are certainly aware that bitcoin price volatility can have two different impacts on investors. Some investors use it to accumulate - while others panic and sell at a loss. Long-term investments by holding bitcoin without caring about volatility are often considered safe because they can minimize losses - but considering accumulation as a long-term plan can also give investors multiple benefits.

[Texac]

It’s always known that every time bitcoin price drops, it always opens a new opportunity for new investors to enter the market and buy significant amount of bitcoin while it’s on bargain. Same like when the market turns bearish, it’s always the best time to pursue investing in the market as it creates potential investments and maximize your accumulation on it. So when we see in the market that crypto prices are getting low, it does not mean that we should lost or hope, but it’s a sort of encouragement that we should keep investing on.

As an experienced investor, everyone will know that the decrease in bitcoin price is an opportunity, but whether it is an opportunity or not depends on many factors.  I mean the bear market is here to stay and we will never know when it will end.  many people with large amounts of capital are always excited about larger discounts, but for those with small amounts of capital and not enough money to invest, larger discounts are not a good thing.
In recent days, bitcoin has dropped more, but I think there are not too many people left with capital to invest, so most people expect the market to increase rather than continue to decrease.

[martinex]

Looking at the market and discussing market conditions with price drops that change almost all the time, on the one hand can be seen as a reminder of the speculative nature of the market. Indeed, this will strengthen the ecosystem, but it will also result in losses, especially for some investors, and will have implications and hinder mainstream adoption, provided that if there is a market correction, the price of BTC continues to fall again. Look, the price of BTC now and compare it 1 month ago with today. Well, some people also argue that Bitcoin's price movements are largely driven by speculation rather than its usefulness as a digital currency.