Post
Topic
Board Speculation
Re: What if Bitcoin drops to $15,000?
by
GideonGono
on 07/01/2021, 08:31:59 UTC
If Bitcoin drops to $15,000, many institutions would likely load up and drive it closer to $100,000. Thoughts?
If it falls down to $15,000 then there would be some who would doubt it and it would take time before it goes up again.
Just take a look at the past just like in 2017 it went high almost reaching $20,000 but even though it goes down below $5,000 it took to long for it to go $19,000 again.
If the price drops down with a huge number like that people would have doubt and wouldn't just jump in like how we expect it to be.
If you are also an investor you should know that when things are getting messy you would have doubt about it and sometimes you would just let it be and keep distance from it.