Is it bad if the bitcoin dropped down

[thamer jamaladdeen]

I don't understand why most of the people are afraid of the collapse of the bitcoin price !
Is it so bad ?
I know that all the altcoins would drop down too!

[Zed0X]

Let us just say that people do not want to lose or see that their portfolio is red. Another reason why people hate it is because they do not have enough fiat to take advantage of the downtrend.

[Speaker]

People are accustomed to growth and many of them have never seen such falls,especially protracted.Therefore, many are very concerned.

[DiZEL]

The drop in the cost of bitcoin is very bad for those who bought it at a price of $ 20,000 and did not manage to sell on time. And for those who have attracted small amounts of money in the crypto currency, such ups and downs are not good and not bad, this is the market's regularity.

[owmivmen]

Because 50% traders crypto hold bitcoin for investment and the rest in altcoin. If bitcoin has decreased, altcoin will experience the same thing.

[Noobaru]

Yes, altcoins follow bitcoin price almost precisely. Except ether fell really hard on it's own lately. But the market is highly volatile, so it is not unusual. Is it bad? If you have your savings in crypto and you invested when btc was @20.000$, then yes, you can have headaches. But if you invested at let's say 6000$, you're still in green.

[ShadowInTheFog]

Well its a domino effect. Some false FUD and that individual moving thousands of BTC and here we are. The market is still too fragile so it follows such insignificant news.

[amanarora_1]

We all know how important Bitcoin is in our crypto life- it's our first and number one currency. Whenever Bitcoin price fall down, most of other coins fall down and whenever Bitcoin goes hit, rest of the coins also hit some value. So that's why people are afraid of dropped down of Bitcoin price.

[expander]

The rise and fall of the price of bitcoin should not make someone feel afraid of being excessive. Smart people will use the decrease in bitcoin prices to start investing again. If you look at history, the price of bitcoin will always be higher than the previous year.

[sibolis]

People invest to grow.  Nobody wants to loose their assets, so of course people afraid of bitcoin collapse price especially if it happen every day.

[Qonix Own]

of course, the decline in the price of bitcoin is bad news and will cause panic where due to the decline in the price of bitcoin will have an impact on the altcoin.

[Cheratu Mesir]

All altcoin prices are based on the price of bitcoin. If the price of bitcoin decreases, the price of the altcoin will also experience a price decline. As evidence, you may consider bitcoin price chart and altcoin on the market, altcoin depends on the price of bitcoin.

[Blueblockxx]

To those who really love cryptocurrency of course they feel so sad if that happens. But in reality yes, we cannot predict the currency market how this runs for always be good. We always need a self confident or positive attitude as a bounty hunters. Patience is the key of success, what ever happens we need to hold, and wait until the right time.

[Octoalts]

Bitcoin is the king of Cryptocurrency, and everything that happens with Bitcoin will certainly affect other coins as well, and automatically if the price of Bitcoin drops the price of other coins also falls. and of course it is a bad thing if the price of bitcoin continues to fall, because this will affect other coins, even though when the price of Bitcoin goes down it is the right time to invest in bitcoin.

[Yellowish]

Yes it is very bad when bitcoins drop. But frankly, it depends on how we deal with on crypto market. We know that the market today is dropping and we don't know when it rise. That's why we need to hold as long as we survive the lowered price of coins on the market today. all we need is to wait and spend time to do that.