Quote from: DRVX on March 23, 2018, 06:50:36 AM

Quote from: lordquanta on March 16, 2018, 09:27:11 AM

Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered considerably. Today the value stands somewhere around 8500 USD to the 9000 USD range. Many new-investors from many countries have almost lost their investment after this.
I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.

Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.

What do you think whether this fall in value of bitcoin is good for it or not?

I dont think that it is right to talk about falling or rising Bitcoin in the terms good or bad. This is just price. Nothing more. It is really important if Bitcoin will be competitive in the field of technologies.

But of course all have meaning for private individuals. rising and falling prices can be a good thing and can be a bad thing depending on the perceptions of each individual. for those people who have been selling at a high price in the past few months of course the current price drop is a good thing because they can buy at a cheap price. while for the holder of course this is not a good thing and it is a price increase which is a good thing?