I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.
Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.
Are you expecting Bitcoin to get so low once it crashed?
So many people missed the chance to buy at that point and they really wish it would get that low so they can get at that price. It is a crazy thing that will never happen because the market is stronger than having something like that happening. If everyone is looking for such moment, then they will grow white beards and still never get to see it. I do not expect bitcoin to get that low and if it does, then I buy more!
Count me in then if that big dip would happen, many are really hoping and waiting for the bitcoin to go down but it seems it keeps getting higher and many are speculating about the value of btc will be at $20,000 at the end of the year. Nobody expected this kind of inflation and many were surprised. The best thing to do right now is to buy even if its value is too high because btc will keep surprising us in terms of its volatility.