Post
Topic
Board Speculation
Re: Road to 100k?
by
LUCKMCFLY
on 10/10/2024, 19:34:12 UTC
Is not true that Bitcoin price will ever go down to $10k because as Bitcoin keeps growing that is how is crossing a line that can never be tested no matter how the dip it is, that's to show how strong Bitcoin is because from this correction that happens on the Bitcoin price I believe that before then there was already a benchmark made that it will drop to a point or possibly not getting to that point, so even while people were agitating for the price to drop further they never new that it will never drop below it benchmark, so perhaps that will also be the price definition of Bitcoin in the future were the price we are seeing now will be like when Bitcoin was at $20k.

Wow I remember very well when bitcoin once reached almost $20k the price everyone expected it to get there or at least have that movement again, however by 2020 many waited for the movement and what it did was almost reach $2k and many said that it was going to reach and touch that price, at that moment I realized that everything in the price of BTC can happen, only at that time there were not so many institutional investors and it is something difficult for it to go down that much, because investors entered not to lose, every big investor enters not to lose, so starting from that premise it is likely to think that it is very difficult for it to drop that much in price.