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?
When bitcoin first appeared, a lot of people called it a tool for speculation. And we, crypto enthusiasts, really believed that this is a new means of payment, that this is freedom, and we are standing at its beginning. But years later I realized that unfortunately those skeptics were right. Cryptocurrencies are now squeezed from all sides through the KYC system, and there is almost no anonymity. And bitcoin, like other cryptocurrencies, is subject to strong speculation, I'm talking about gratuitous falls and growth. And of course, no one will let bitcoin fall below $ 1. I am sure that we will never see bitcoin even at $ 3,000, because speculators will immediately buy it.