$1000 seems too low for the Bitcoin price to drop. If we compare to the crash in 2013, the price dropped from about $1200 to around $200 over the course of a year or so. If we get the same percentage drop this time, that would put Bitcoin to around $3300 just using rough numbers. That seems unlikely also, but you never know. I think the difference this time is that there are a lot more investors in the market.
But difference now is the price was manipulated up by fake tether dollars. So you can't go by percentages when the price was boosted up with fake tether. That is not the real price of bitcoin. We won't know what the real price is for awhile. Now the government has a subpoena on tether so they can't pump up the price anymore so we are probably going to see a much bigger sale off. And that is part of how investing works. The more faster it goes up the harder it crashes.
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