I wondered if Bitcoin will ever again crash below 50.000$. What do you think? I think it is likely that we will see it go down to 70K but not below that point.
I can certainly see a possibility in that that happening. During the last cycle bitcoin went from 67k down to 18k which is ~73% drop. Let's say that in this cycle bitcoin goes up to 185k and drops down to 50k, that would make it once again ~73% drop.
Having said that, each cycle gains and drops are smaller, so maybe it won't go as much as before, but you should definitely be ready for it if it happens.
I think it will be considered cheap in the future to buy Bitcoin below 100.000$. Any opinions on that?
With that part I agree.
Well I think that if this cycle shows up again, surely more investors would take the chance and HODL since we have seen that pattern so many times, a huge down trend and hold for awhile wait for the huge spike.
I wonder if when would we see it happen again, surely if the Bitcoin price have a huge drop this would create FUD and not everyone would see it as a good opportunity to hoard.