Quote from: sammyp on Today at 09:36:39 AM

I do not think it will even drop to half of its current price. $11000 seems way too looking at the achievements in terms of where it has been before. I know many new entrants anticipate and pray for such a low price but this may never happen again.

The half of current price would be around 17k, that shows that even if we drop 50% which is a huge crash to be honest, we would stay be way off 11k levels. I agree that it is nearly impossible for bitcoin to reach those levels, why would the price be that low when it could be a lot higher even after a huge 50% drop? For bitcoin to become 11k that would mean a 68% or so drop is required and honestly that hasn't happened since the 2018 huge crash.

Not saying a crash like 2018 is impossible, but that is a very rare thing to happen and right now we have all those billionaire class with us buying bitcoin in thousands so it would be very hard to achieve that during those super rich people buying so many bitcoins. Sellers would need to cover that along with all of other buyers and on top of that put 68% more crash required to make it go down. That sounds quite unlikely.