Hi, friend.
I want to know your about the bitcoin price reducations?
In your view, what do you see about significant reductions in bitcoin prices!?
What can you see from the positive or negative about it?
Thank you!
Depending on the respective thoughts, in this decline can be interpreted as positive or negative. If we look at bitcoin in the long run then we will see this as a positive thing, we can get bitcoin cheaply and we wait for bitcoin back up and we will benefit.
The fact is that to date no one is interested in cheap Bitcoin, because it does not attract and does not inspire Bitcoin's trust for a large number of potential investors. But nevertheless, it is the increase in demand for Bitcoin that can save the situation and restore the market.
The thing is, even if btc had worse price dives in the past, it doesn't have the same attemtion towards in like now. Everyone watched how bitcoin soared in value last december and how it slowly went back to the price it once had before that run. They only see here that people lost a lot of money due to bitcoin's instability.