I was reading on some threads here and it made me wonder what will actually happen if the price of bitcoin continues to drop? And who will be affected more by this: bitcoin miners? Buyers? What do you think guys?
Absolutely, a big loss for everybody. Can't mention how many individuals came here and put a huge money, and these people might hoping for another strike.
But if market keep on moving down, may they put an end of their crypto life and cashing out their money even they losing.
Unfortunately but yeah people may do it by withdrawing their money from crypto. One thing that I have noticed that a majority of crypto believers are very much pessimistic. At this moment if we think of the price going down not as sinking down but it is going to form a good support in the future for the price to grow higher with a firm base.
In crypto profit and loss can only be considered at a time of cashing your money. So, it depends on the individual at which time he/she prefers to withdraw. Therefore be patient and wait for the time to make profit.