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. What do you think whether this fall in value of bitcoin is good for it or not?
I can guarantee you that non of the mainstream investors did not lost a dime in this market, some people might have lost some money when the market fell, there is no excuse for that because they are not good in calculating when to invest and that is their own fault.
* 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.
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?
The market can be manipulated and there is no regulation to monitor that, even a trillion dollar stock market is manipulated and with the regulations in place if they are caught they will be fined over millions of dollars and possible jail time and that is not the case here. I can tell you this, no one is here in this market because of any novelty thing and you cannot call anyone a gold digger, everyone wants to make some profit with every investment and there is nothing wrong in it.