Looks like we are going to start over again at $1,500 .
Are we going to see another great start if this happen or are we going to continue dropping down .
Are you willing to continue if the price hits that low again or are you going to quit,
I am sure that many people would quit on it because they lose to much money in investing at the all time high.
Speculation is at least a 3 year Bear Market.
Unknown if BTC network & miners can survive with btc at less than $2000 for an extended period of time.
Many here don't have the patience to wait a week without complaining much less 3 years.
One thing I found interesting was Jihan Wu said ,
that the fact that they had to remove mining power from the BTC network to use on the BCH network could cause a collapse in price.
It should make no difference in price , Unless:
That statement implies that Wu's miners were only stockpiling btc and not selling any,
and the fact that other miners would be able to mine and earn more btc , means they would sell and crash the price.
This also implies that Wu was falsely propping up the price of btc by limiting supply and now that false prop up can no longer be maintained due to the bch hash war. Anyway just a Personal Speculation.
