Post
Topic
Board Bitcoin Discussion
Re: The fall from 65k to $30k was the best thing to ever happen to Bitcoin
by
mk4
on 04/06/2021, 15:35:22 UTC
It might sound greedy, but I actually want the Bitcoin price to fall in the short term, and stay there for a while. It allows people like you, and me who might believe in the currency more in the long term, to actually maximize our holdings. So, I actually warmly welcome these drops any time they happen, and I imagine certain types of traders also do too, as it means they can buy in bulk, and profit later down the line.

Obviously, there are people like you say, that get hurt by the drops, but that is usually because they make the choice to sell at that point. They could, potentially wait until Bitcoin starts to rise again (assuming it will of course).

Same. I'd also like bitcoin to drop in the short-mid term for the exact same reasons as you've stated. Do I feel guilty because some people get hurt by the drops though? Not really; because bitcoin will move where the markets will lead it to anyway, regardless of what my wants are.