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?
Price will never drop in that range what you think bitcoin price will leap into that price drop instantly ? Hell nooo bitcoin now is getting stronger and becoming the world wide currency even in india they using bitcoin now with +15% price of it.
i think too sir, we can see the price is get a good trend to increase in the market and even if the price is not going to somewhere, but i am sure that the price will never drop back to $500 unless there are no people will want to use bitcoin anymore.
China won't let the bitcoin price decrease into this level also india they are now using bitcoin for there business thisnis why the reason why bitcoin is being trend because of the demand that india needs people will keep using bitcoin while they earn.