Quote from: nullama on Today at 01:55:55 PM

Quote from: Smack That Ace on December 31, 2022, 09:31:05 AM

~snip~
If bitcoin drops to 10k, I believe many people will buy it because it is really a great opportunity. But if bitcoin goes to 1000$, I will be skeptical and consider it risk more than opportunity, but the risk is worth trying, I will buy some to try my luck, but I wont go all in.

I don't even think it's possible at this point for the price to go that low.

There are so many people with offers ready to go at the lower prices, that I really don't see it happening.

And, still, the entire market cap of Bitcoin is really low, it's less than one company in the US.

The capitalization of corporations like Microsoft or Apple is $2 trillion and $3 trillion respectively, while bitcoin's market capitalization is just $500 billion. that shows that bitcoin is too small and still too risky, unlike many people who are under the illusion that bitcoin is too big to be risk-free. Bitcoin hitting $1k again is highly unlikely but by no means impossible. for me, the future of bitcoin is potential but by no means risk free, the possibility of bitcoin hitting $1k or less remains if the bitcoin network goes down or a better project than bitcoin comes along and replaces it.

In today's ever-evolving world, nothing is impossible. bitcoin was born to resist and outperform other assets, it should come as no surprise that in the future something better will be created.