Re: Are you guys happy if bitcoin will dropped to $10k? Why?

Quote from: k@suy on Today at 06:43:49 PM

Quote from: 3meek on April 05, 2021, 09:23:06 AM

I won't say that I would be happy or upset if bitcoin dropped in value again... On the one hand there will be another opportunity to buy cheap, on the other hand there will be another bearish period...
I guess I'm for bitcoin to rise slowly! Grin

Let's imagine a scenerio if ever bitcoin price dropped to $10000 do you think everyone will be happy to see it? Based on my own experience here in crypto for being a member of the community of cryptocurrency in four years I do watched the continuous dropping of bitcoin price from the ATH of almost $20,000 to the lowest price that year of $3,000. It is totally a jaw dropping and you would never know what was the reason for that downfall. And what's worst about it was the bearish lasted for about 2-3 years. So if ever it may happen again, I would be the one who wouldn't be glad about it.

Majority wont really be happy with it and theres no doubt on that because here on this market where people do most hope on rising prices and when the time comes that dumping or crashing market
is never been a good think to look upon and those hopes and impressions would really be replaced by fear and anxiety then its definitely "NO" when we do talk about happiness.
For some people then it might be an another opportunity to take enter on a market which price is a bit cheap but considering the state of that particular situation
where people will have doubts that the market would go down deep further which it is really hard to into those particular actions.