Post
Topic
Board Bitcoin Discussion
Re: Doesn't it teach, BTC Price will never go down if we won't force it to go down?
by
nightxglow
on 16/08/2021, 13:35:23 UTC
I guess what elon said, or what Chinda did surely made an impact for bitcoin, even for a bit. For those who don't really understand bitcoin, and only buying it because of those crypto influencer, they will follow what elon musk said and sold their bitcoin, thinking that when elon said something bad, the price will fall again and they will lose their money. Thus, since we can't deny that there are quite many people getting into this cryptocurrency world because of the influencers, of course if they all sold their bitcoin at the same time, the price will fall. Some people might get affected with China banning bitcoin as well. But, there are people who take this as opportunity as well, when the price decreases or when it's low, people believing in bitcoin will take the chance to buy btc when it's cheap and add up their investment, as long as the demand is still there, the price will still go up. Especially when the price is low, many people want to buy bitcoin, so in the end it will go up again.