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
If this internet frauds persist I fear many will panic and switch from Bitcoin. It is a treat on the market and it's price..
Looking at the centralized sectors like the bank where the authority faces every lost in the bank, it is a different case in Bitcoin, the fraudulent acts keep coming and the victim(Bitcoin holder) is affected alone, thus more fear is created.