The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.
If eventually the market value of Bitcoin drop below $3000 which is not likely to happen base in the current market trend I will not quit rather I will buy more because such level in the market value of Bitcoin is an opportunity to invest more and expect good return in no time.
The price is now sitting at 5k+ usd and 3k or below is not far enough which means there is still a possibility that bitcoins value can fall on the said price but even if the price go down harder i have no choice than to stay because this is where i earn . i dont invest nor trade but im only a worker i earn bitcoin and i can sell my bitcoin at any price in order to earn a profit . and if ever the value drops dramatically , im pretty sure that it can recover again quickly because investors are only waiting for a major dip before they buy in a massive amount .
Unlike the price fall there is promised recovery within specific time period depending upon the market situation. The present market is highly supportive for growth, this give the confirmation of bouncing when drop happens due to corrective factors. I have never come across people leaving cryptocurrency and bitcoin just because it drops low. Unlike its prevailing market I'll continue to use cryptocurrency for my good.