Quote from: Lazada on December 16, 2018, 12:57:10 AM

Quote from: Proassetz Exchange on December 12, 2018, 05:51:07 AM

Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 Overnight . Even if it were to crash to a low price it would take many months, maybe years. When a companys stocks tumble because of liquidation it takes months, years too until its delisted.

If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.

your views?

I don't want to assume and I think the thing you say is something that is impossible. Bitcoin is still very much needed by many people and Bitcoin will still have value. 1USD is an impossible value, we'll see what will happen because I'm very optimistic that the price of Bitcoin will increase in the future !!

Bitcoin is an important commodity in the current financial system, a significant development over the past 8 years has made Bitcoin a standard in the financial system at this time.

even other cryptos are more useful than bitcoin in terms of a currency and an asset purpose , that is why it is always possible for bitcoin to go down 1 usd or below . it is also possible than it can drop instantly as soon as all people will decide to sell and dump thier btc in exchange for fiats or other cryptos . if that happens , i guess there is no need to worry about because we can still use altcoin or other cryptos that have the next highest possible value aside from btc itself .