Post
Topic
Board Economics
Re: Biggest threats to the price of Bitcoin.
by
drlukacs
on 10/11/2020, 15:09:30 UTC
Hi,
https://decrypt.co/29625/the-biggest-threats-to-bitcoin-in-2020

To be fair, I think these sources are talking about things that would all but wipe out Bitcoin rather than just reducing the price.

I was wondering what you guys think is the most likely instances that would cause the price of bitcoin would sink back below say the $5,000 or the $10,000 mark?

From 2017 until now, Bitcoin's price has bottomed out at $ 3k3 and $ 3k8.  At the end of 2018, the price of bitcoin fell from $ 20k to $ 3k3 which led many to believe that this is the real manipulation market.  they seem to have lost confidence but when the price of Bitcoin was pumped back up to 14k $ made the market exciting again.
This shows that the greedy people here are accustomed to this manipulation and they ACCEPT it as usual. So I think the price of Bitcoin falling to low lows again is not a big deal.  we are still here and waiting for one day uptrend to come back Cheesy