Quote from: mk4 on May 24, 2022, 05:44:19 AM

Quote from: roadrunnerjaiv2025 on May 24, 2022, 12:22:24 AM

One expert says that if economies don't hold up amid these hikes, Bitcoin's price might plunge further to about 70% of its current price, which is around $8000.

I'm definitely not saying it's impossible (because it's always a possibility) — but if you've been in this industry long enough, you'd immediately realize that you shouldn't listen to these so-called "eXpErTs".

Also take note that for every bearish "expert", there will always be a bullish "expert". Listening to them is a total waste of time.

But whatever, if it reaches $8k, I'll be really happy.

Nothing is impossible in the crypto space. Bitcoin started it journey at $0 around 2009. With few investors, it moves up gradually. Alot of people get to know about this digital currency and keep investing. Bitcoin turns alot of investors to billionaires as it moves to $19,650 around December 2017. At this point, some investors invested and immediately started experiencing a bearish movement. Most of them lose alot as some sold it in panic due to the fall of Bitcoin to $3,468 in February, 2019. This same Bitcoin move up to $61,531 in November 2021 and it's around $30,000 today. Crypto- currency are volatile and one should expect anything. But if it dropped to $8000, It' an advantage for new investors and will cause great panic to old investors with little knowledge about Crypto volatility. But for me, I will load my bag with enough I could buy with my spare money as I know history will definitely repeat itself soon.