Re: Abolute bottom of Bitcoin?

Quote from: goaldigger on May 20, 2021, 07:44:24 AM

Quote from: Mankov on May 13, 2021, 09:39:47 PM

What do you think, what is the absolute bottom of Bitcoin?
How deep could Bitcoin ever go, again in the next 5 years?

My bet ist 30.000 $. If we would fall way
lower then Bitcoin has probably failed for ever.

Hopefully you're right, we just hit the price of $30k yesterday and this might be the bottom for this year trend but still the market is unpredictable and everything is possible to happen even the worst thing. A week after making this post, Bitcoin hit this price level hope that you save yourself from this downtrend because I didn't see this one coming, and I miss the chance to secure my profit. Cheesy

I honestly hope that 30k was the bottom, but at the same time I feel like if we are going to recover then maybe dropping even more doesn't matter? I mean think about it this way, if we can end up with a decent amount of money right now, that means we are not going to want to go from here, we would want to go from lower. So which one would you prefer, go from 40k to 70k? Or go from 30k to 70k?

It means what should we want depends on what we will get, if we are going to not get any of those recovery high levels then I do not want to fall at all. What we can expect from bitcoin is that there is a true amount of companies who got into bitcoin and still in bitcoin and some of them are still buying as well, it is not like back in 2017 where it was just us and even the rich people were selling theirs (mt.gox trustee, jihan wu, craig wright etc etc) so that we were screwed, now we have rich people in the bull side and that is why I do not think that we will fall like those days.