Ive been watching the markets sence bitcoin was 150$/BTC, i have been promoting bitcoin and the use of it for a long time, but why should BTC ever rise again? There have been a peak thru overbuying and now somebody has to pay = coin value drop.
Hard fork, soft fork doesnt matter the value wont rise above 2k$ again?
It wasnt meant to?
I have not sold my Coins but i dont believe in 4-10-100 000$ /BTC
The bitcoin price is constantly fluctuating. After huge increases like the ones we saw this year, there will almost always be a correction before another gradual increase. People will lock in their gains and buy back lower to increase the number of bitcoins they own. It's just a natural cycle. However, there is always risk with a new technology like this.
Bitcoin is deflationary by design. There are fewer mined each year than the previous year whereas fiat currencies like the US dollar. So as long as Bitcoin is able to survive, it should be more valuable over time as compared to the US dollar.
Eventually all Bitcoins will be mined and they will become more scarce. That is already happening as the mining reward gets smaller. The Bitcoin price is volatile, but in the long run, the price should rise gradually. I recommend that you hold what you have an wait out this price drop.