I do not believe that the fall of bitcoin can be considered a collapse of this coin. It will never stop serving people so that people or the users can have a better life by getting an extra income with cryptocurrencies like bitcoin. I keep thinking positively about this.
Me neither, my friend. It's not about the price, but how useful is the cryptocurrency for daily use. Honestly, I find Bitcoin as an extremely usable cryptocurrency for nearly anything in life. Regardless of its price or value, it's secure, and serves as a store of value for the long term. It's available 365 days in a year, at any hour, making it even better than banking, in my own opinion.
Usually, many newcomers into Bitcoin think that the price fall of Bitcoin is the end of the world. But that not's the case, since Bitcoin is still alive and running as intended. What we're seeing now is only temporary, since Bitcoin has all the possibilities of increasing in price within the future. It has many things on its side, such as a finite supply, unmatched security like no other cryptocurrency in existence, and much more. For these reasons, Bitcoin may continue to rise in value in the long run. You can easily compare this when Bitcoin's price was worth around $300 - $400 in 2014, to current rates. It's still a lot more valuable than what it was before, and I think that it's going to keep rising until it reaches the moon.
