Post
Topic
Board Bitcoin Discussion
Re: If bitcoin died tomorrow
by
choppork
on 25/12/2016, 11:25:41 UTC
What would you do?
Bitcoin can’t die in one day, the price is so high right now and it keeps on going up that only means that bitcoin is becoming stronger than ever and nothing can’t stop it , even if governments ban it will still exists, but if by anything the bitcoin’s price stops going down so fast , people will start panicking and sell all their bitcoin until nothing is left.
Woah. I think you're fantasizing/overthinking things. Bitcoin's price increasing a lot is not necessarily a sign that it's becoming stronger and nothing can stop it. It can be a sign that some whale/s is/are doing a pump and dump. We've been on 900+ in the past days and we're back to 850. That's a clear sign of pump and dump. Even though people start panic selling now that the price of bitcoin is going down, I don't think it will continue until nothing is left because not every single bitcoin user would sell all their coins. Whales wouldn't let their investment die like that. They're willing to invest even more to fight the dump just in case there's a massive one going on.