Post
Topic
Board Bitcoin Discussion
Re: Bitcoin slides below $59k
by
larry_vw_1955
on 07/08/2024, 01:54:04 UTC

OP, anything can happen here in the crypto market. Last month the price of Bitcoin dropped to $53k and quickly returned to $70k.
OP, don't you know what bitcoin was worth in the past? Did anyone expect Bitcoin to reach this point? Since Bitcoin has reached this level today, we expect Bitcoin to hit $1 million at some point in the future. OP, we can expect the upcoming bull run to start soon and we expect Bitcoin to hit $100k in the upcoming bull run. Don't lose hope, Bitcoin will definitely hit $1 million in the future.

I understand what you're saying but here's the thing. I expected bitcoin to not stagnate around for a long time after it hit 70k or whatever its ATH is. But it just falls away from that price alot of times. I dont know why it is doing that. But I surely don't think that it has any chance of reaching $1 million in the future unless there is some type of massive inflation which wouldn't really make it worth anymore than it is in today's dollars....