Quote from: Minor Miner on January 05, 2023, 01:24:11 PM

Quote from: lixer on January 05, 2023, 12:52:10 PM

Quote from: Quidat on January 04, 2023, 10:58:26 PM

Close to impossible indeed because if we do make out some comparison into those early years where only a few do known heard of about Bitcoin then its price is still hitting those numbers
but now that its widely spread and been known then it wouldnt really be that surprising that the value do rose up that high.Its impossible that it would really be going back into those
level but we know that everything could really happen but it would be basing up if theres something huge wrong thing happen into it but for now on the current
condition where it do seems that it is really that holding strong on this point which is too far off on the price where op is trying to tell us out.

I think that is only possible once binance follows the footsteps of FTX because there are also a lot of people who are telling the same thing that when binance collapse, a big disaster is then going to happen in the crypto market. We know that binance is like the foundation of cryptos due to how large this exchange was.

They already have done a big contribution into this market but lately they are still being attacked. Well in anywhere that we go there will always be people who are like that. For now all that we must do is to calm down. Binance is trying to clear their names and then the condition of BTC is getting stable now. Let's hope we can stay like this for a long time.

Binance has a huge influence on the market, binance currently accounts for 75% of the trades in the market, which is a huge number, and I fear their monopoly will affect the market if they collapse. But I don't believe it can take bitcoin to $100, if bitcoin falls below that, then crypto market will be over.

While anything is possible, I don't believe bitcoin can drop to $100 in the future. For me, the only possibility for that to happen is that the government can control bitcoin, and that is also almost impossible.

It will be catastrophic if Binance will collapse, could be similar to Mt. Gox. But even if the collapse of Mt. Gox, it didn't deter bitcoin market that time and those who think that it will go to zero might be regretting their calls to sell because we have seen the the price really make tremendous gains from the unfaithful event and up to know the case is not yet close.

So I don't see it happening as well even if Binance goes down, it's to big to fall and someone will have to take their chances to reinvest if the prices goes down hard again this year and wait for the bull run in 2024. So maybe from $100, we are looking at $100k next.