How low would Bitcoin have to fall before it was no longer recoverable?
Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.
what you say?
I think bitcoin will never be worth less than $2,500.
The fact is that first of all it can be seen based on the technical analysis of the Bitcoin to Dollar pair. There is a rising sloping support level that has never been broken through. And it makes up a corridor from 2500 to 4000.
And secondly, bitcoin has prices at which speculators will never refuse to buy it. And we will never see its price of either $1 or $100. Therefore, I placed pending orders on the values described above, and if the price ever drops sharply, then my orders will redeem bitcoin on these delicious values. Therefore, to some extent I even want the fall to happen.