Post
Topic
Board Speculation
Re: Will we ever see bitcoin lower than 1000$?
by
deisik
on 13/06/2017, 07:43:09 UTC
I do not think so. Too many people have spent their money to buy Bitcoin and there is no way for Bitcoin price to decrease lower than $1000. I can ensure that it can never return to the same old day anymore

This is certainly not the reason why Bitcoin may not crash

It may be comforting to think so, but in fact it doesn't mean anything since millions of people invested millions of dollars into various Ponzi schemes (like MMM), and did that somehow change how all of them ended eventually? It doesn't mean of course that Bitcoin is going to end in the same way (though that cannot be completely excluded either), that just means that the amount of money invested can in no way prevent such an outcome (if it should happen for other reasons)