It's crashing real hard. Dropped 40% in a week! Maybe another 40% drop in this weekend! It's seems like it is falling down the hill. What do you think?
I don't think it will ever happen. I strongly believe too that bitcoin will never fall down to 5K USD mark again and i am rooting for it's response when it pump up to 11K USD a couple of days after the bloodbath. I think bitcoin will just hover around 8K USD to 9K USD only.
Remember, bitcoin value depend on supply and demand so let say if South Korean and Japanese fully forbid bitcoin , it will affect on bitcoin instantly.
As for now, bitcoin on rate $ 11.000 because they still believe on bitcoin !
Of course I hope that more country also legalize bitcoin so it never lower than $ 10.000 !
Clap for yourself bro! You really tried with your post. Unfortunately, all that you have said really cannot play out the way you have said it. No offense! Firstly, S. Korea and Japan forbidding bitcoin will change nothing and enough of all these idea of some countries having an effect on bitcoin as whales will always make people like you think exactly what they want you to think.