With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
With some 10 million individuals using Bitcoins, there is a limit up to which the prices can fall. IMO, even in a catastrophic scenario, the prices can't fall by more than 50%. I am saying this because I know that strong demand exists even now among the institutional and non-institutional buyers for Bitcoin. And they will use each and every dip as an opportunity to accumulate Bitcoins.