Quote from: Asusnumbaone on Today at 12:53:42 PM

Quote from: Abiky on January 29, 2021, 11:36:17 AM

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It is somehow possible but the demands of the bitcoin is the one who have impact of it price. Many investors take a risk on the bitcoin and I think because of the price many of the investors or bitcoin holders will sell it to take advantage of it price dor noe the bitcoin havebhigh price and limited cap but I think mass selling will bring down the price of it

Btw, Elon changed his bio on twitter to #bitcoin which indicates that he supports bitcoin. maybe bitcoin could indeed go down if that happened, but I don't think it will be as massive in 2017 or 2018. Currently there are many large institutions investing in bitcoin, although there is still a possibility for bitcoin to dip, because the market cycle is definitely there, but it won't got to levels under $15k imo. because I believe that the big institutions that invest in large amounts are unlikely to allow it. The price is stuck between the $30k- $32k price level, I think this is quite good for price development, where people start to consider receiving their salary with bitcoin and many people are interested and acknowledging bitcoin, this of course is a demand and this demand will definitely increase the value bitcoin