Post
Topic
Board Speculation
Re: Will bitcoin go below $3000?
by
Slow death
on 30/11/2018, 18:25:27 UTC
Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000?

yes it exists and I believe that if reach below  $3000 would be for a short time and the price would recover soon back to $3500 or $3700

If yes then what will be the main reason for it?

lack of demand and people are disillusioned but because they themselves deceived themselves and did not prepare psychologically for such a fall. Last year people bought bitcoin with the expectation that the price would be 2x, 3x 4x. they had high expectations, the price began to fall and people always kept saying, "Hold your coins because the price will increase," and the such specialists continued to make predictions of absurd prices and of course people still hoped that the price would increase, and at the end of the year was something like: "the last chance to see the price increase a lot: something that did not happen, so the people are starting to sell their currencies, because there really is nothing at the moment that causes the price to increase 2x, 3x, or 4x. what's left for people is sell