I am new here, will bitcoin price reach to $700. So that we can buy it at good price.
Bitcoin for $ 700 seems to be impossible because you know the bitcoin demand is very high and when the price drops it is definitely instantaneously going to experience a very rapid price recovery and now it is entering a condition where bitcoin will try to recover the price and return to the price of $ 20k.
Yeah there are some prices that I'm pretty sure we are never going to see and 700 is one of them if you wanted to obtain bitcoin for that price or an even lower price you needed to invest way before now, with what I know now I should have bought more bitcoin at 700 but there was no way to know bitcoin was going to grow so fast and to give so much profits.
While it is true that in this unpredictable business practically any scenario is possible, I find it difficult to conceive that in a short period of time a catastrophic scenario could arise that would bring down the price of bitcoin at such a low level. In fact, it seems to me that the tougher challenges that bitcoin could suffer have already been overcome and I could even say that we are facing a very optimistic scenario for bitcoin, but at this moment we are going through a period where the market is rearranging after the speculative bubble that was generated throughout 2017 and that led to the price of bitcoin at an absolutely unsustainable and artificially high price level.