Quote from: ANENOOB on November 18, 2017, 03:05:31 PM

actualy i though bitcoin cant just pop like a bubble burst, you know why ? the price droping cant be that quick i mean with all this bitcoin user in the world if the price of bitcoin drop some of them just buy it and the price will raise again,have different story "if" there vulnerable at blockchain tech and make bitcoin less valuable ppl will leave it.
this is my opinion

Once Bitcoin starts to go down, the your strategy of hold and wait will no longer work. Many people who are now invested in Bitcoin are not rich people. When bitcoin is slowly going down then at some point they have to sell in order to pay the rent for their housing, or food or clothing or tuition. That forces some of the small investors to sell, lowering the price more - and on and on it goes.