Do any of you that follow the price of Bitcoin closely think that the price will ever drop back down to $500 or something close to it? And why or why not?
I think that in the long run, everything will go to zero. But then, in the long run, we are all dead
I think that a lot of bitcoin price rises are definitely just overhyped prediction and speculation. So once people realise there is no basis behind the rise of the price they may start to dump, leading the price dropping to potentially under $500.