Quote from: EarnOnVictor on July 31, 2022, 07:04:05 AM

Bitcoin has gained so much popularity and recognition in the past few years that it rose from nominal prices to almost $69000 in 2020. It however gained hundreds of billions of dollars in capitalization over the years. The situation has changed with both appraisals/approvals and backlashes on the cryptos by some countries, especially government officials.

Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?

As for me, my investment has just begun. I have learnt from my past mistake.

Although it looks a little impossible for bitcoin return to the price of $ 1K, but indeed the decline could have happened if there were indeed many negative issues that continued to hit bitcoin without stopping, if the price of bitcoin finally dropped to the price of $1K of course it would be a golden opportunity for us to invest , but I think there will be a lot of Holders who will suffer substantial losses if this happens, I personally might collect as many bitcoins as possible if later bitcoin falls to the price of $1K because the speculative price certainly allows the price of bitcoin to rise again at any time.