Post
Topic
Board Speculation
Re: will bitcoin ever go down like 2018-2020
by
lixer
on 10/09/2021, 12:30:33 UTC
so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
It will never be like that, that was 80%+ drop that stayed like that for months, we still do have drops, just like very recently, but we are not going to drop 80% and then stay there for months. That was a very difficult period and it took us a lot of time to recoup those losses. I believe that we should not be worried about the price drops though, because we have seen that even during those times if you had absolutely no money at all, then you would be able to work for it, but if you had money then you would definitely bought some and profited by this time.

Even with the recent drop we are nearly 10x higher than the bottom of those periods which shows us how strong bitcoin is. Which means if there are big drops this year (which I doubt will happen any further) we could simply keep it going and buy more at the low price to profit later on.