Post
Topic
Board Economics
Re: if you think 18k btc is low wait until autumn ...
by
Mauser
on 25/06/2022, 06:12:10 UTC
if you think 18k btc is low wait until autumn ...

I think it will reach 500-1000 USD max as you can't use to sell stuff and big whales already moved their money ...

In 2019 btc was already 9000-10000 USD , do to pandemic people invested a lot  in btc.

No way Bitcoins are dropping so low again this year. After dropping below 18k USD we already saw a bounce back above 20k USD. So there are still buyers in the market looking to buy cheap coins. How do you come up with that number of only 500 USD for one Bitcoin? Sure in 2019 bitcoin dropped very low in price even around the 3k USD mark, but since then a lot has changed. We reached new ATHs of above 60k USD last year. Investors can't just forget those prices again. In case the price ever drops below 10k USD I am sure there will be a lot of buyers coming to the market again bring the price back up. Just imagine all the whales who sold their coins around the 30,000 USD level. For them it would be a bargain to buy Bitcoins again for 1/3 of the price.