Post
Topic
Board Speculation
Re: bitcoin and decreases in 2017 and 2018.
by
therwtonn
on 14/10/2018, 07:38:57 UTC
Every year is victorious for bitcoin as long as it gets developed and globally adopted more and more every year, regardless of price.

if the drastic decline occurs again at the end of December 2018, then I think that bitcoin will fall $ 500.

It doesn't work that way. For BTC to drop from $6500 to $500, it would take another 171.42% decrease. The chances of that happening is extremely slim in my opinion.
Bitcoin's victory is a victory for investors, and bitcoin users. I realize that every year bitcoin always increases for the better, but when bitcoin falls drastically from $ 20K and now bitcoin price only $ 6K, I think it's not a victory for some investors.
What do you think? How do you think about investors who buy when $ 20K?

I always believe that bitcoin can fall to hundreds of dollars again.
I would like to also put another thing into conversation by saying that this was considered a bear run for the past 10 months so I understand why the person is afraid that another fall in the price like this would cripple the economy of bitcoin and we would be all crying however even tho having another decrease like this looks impossible and everyone laughs at him, noone points out one mistake in his logic.

The price was around 3-4k than increased to 20k and than dropped back to 6k levels, which means price could increase from 6k to 42k and than drop to 12k again if everything happened all over again. There was increase before that drop as well, don't forget that.
In my opinion if the price increased due to the market cap it would be the same as it is today, but unfortunately there was a huge bump in the price in the last year and people become addict of such bumps. Now the price is normal again but people still want huge bumps like the previous one, rather there will be no such bumps in the price anymore in the future.