I feel like BTC at $8000 is still overpriced. Due to high fees and slow confirmations, it's not really suitable for payments. SegWit seem like just a hack to me. I know we are all Bitcoin optimists here at the forum but is anyone thinking that Bicoin is gonna go down to $1000 level in the next 5 years?
Good dream. Was it day time or at night? Whenever the price touches your dream line; I am planning to invest in it heavily. But alas it will never come true. As per my information There is some mining cost also below which we shall not expect the price of bitcoin.
If price will go lower, mining cost will make minners to quit what will make other miners earn more on each block mined (mining will be profitable at lower prices) Thats why it was profitable to mine bitcoin when it was 1 cent and lower..... That not the problem for bitcoin to jump throught this price.