The bottom will be when we reach 30-50. That is a sustainable price for Bitcoin.
Im ready to make my prediction for the next month. The price of Bitcoin will drop to 175 within roughly 30 days.
What happens after that, does it crash completely or stable off then slowly increase as time goes on?
This is actually a very good question. It made me think for a bit. We will know when the price of Bitcoin becomes stable. When there is very little fluctuation in price. That is when we know weve hit the bottom. I believe this will happen at around 30-50. I think an argument could be made that it will happen once the price is around 1-10.
This is not the time to invest in Bitcoin. Some people maybe able to make money off the swings in price. But, thats too risky for most people. I would advise people to continue to use Bitcoin. Just dont hold onto them. The best thing for the future of Bitcoin is to spend them right away.