Post
Topic
Board Economics
Re: What happens if BTC's price falls to $8,000?
by
Fatunad
on 24/05/2022, 19:56:09 UTC
The crypto market isn't essentially or intrinsically affected by the situations of other financial markets.

I would have to say that this isn't true. While seemingly not connected to any government or nation, crypto is affected by economic situations as much as anything else. Crypto is still considered an investment and when the economy is in the toilet, people tend to not stretch out and put their hard-earned money into any investments, no matter how good or bad they are. And crypto is still mostly considered an investment rather than a potential of an actual functioning currency.
Crypto market isnt really that fan on having some correlation on things that happening around in the market thats why it wont really be that precise if you do make out some analysis which tying up with the current market conditions or economic state globally.It isnt really bad on having some look up with these situations or events but dont fully rely when it comes to immediate effects but actually we wont really
able to know if it does or does not affect crypto market.If ever bitcoins price falls to 8k once again then i wouldnt really hesitate on making a huge buyback.  Cheesy