Quote from: maximumcoin on Today at 07:22:36 AM

Quote from: kiddex on July 27, 2020, 12:54:22 AM

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

Any price is likely to happen but now basing on chart of Bitcoin and trend of market, 5900 USD is a price level which nearly can't happen because according to my analysis, psychology of new investors are putting a lot of faith in Bitcoin when the world are having a lot of instability such as pandemic, trade and political tensions between China and the United States. Bitcoin is a safe investment channel.

With this hypes sentiments of investors are fomoing to ride the train
it's normal when bitcoin is rising
Though there's always chance that the value will bounce back but what
we are noticing is bitcoin
is showing great run, the chance to fall down to that certain fall for now
is slim and with high demands opportunities that it will bring much higher
value may take place.