$5k?? is this a joke? When the 2017 bull run started did BTC ever go back to $300? Nope, it managed to make it to $1900 in its first correction, nowhere near $300 which would be about equivalent to BTC hitting $5k now.
It's unlikely to hit $25k again, let alone $5k. In fact it looks like $30k very well may have been the bottom of this correction (it could go lower but currently strongly bounced up to $34k) in which case sub-$30k price will likely never happen again.
$5k....lol
Topic: Can BTC go down to <$5k again now? - page 8. (Read 1380 times)
When the value of Bitcoin surges to over $19k in 2017 we thought Bitcoin would never go back to $5k but it eventually did and now this year bitcoin reached nre ATH which was 100% more than the previous ATH and this clearly indicates anything is possible in cryptos and thus I don't have any doubts about Bitcoin dropping to new low and bouncing back to new ATH. It's unpredictable unless bitcoin can find strong resistance levels.
This is true, even some do say that it is impossible to go back into those levels but looking back on what happened in the past then we cant just ignore about the possibilities that could happen.For those who dont expect nor believe that it can possibly happen then better to change up those kind of mentality because anything could really happen on this market.
We might be seeing 30k plus now and tomorrow we might be seeing 20k and goes lower day by day but of course that will correlate with some very bad or news into the market.
Dumping price without any viable reason is somewhat be tied up with pure manipulation which will really give out bad impressions to the entire community.
When the value of Bitcoin surges to over $19k in 2017 we thought Bitcoin would never go back to $5k but it eventually did and now this year bitcoin reached nre ATH which was 100% more than the previous ATH and this clearly indicates anything is possible in cryptos and thus I don't have any doubts about Bitcoin dropping to new low and bouncing back to new ATH. It's unpredictable unless bitcoin can find strong resistance levels.
Given 'institutional' investors who are more prone to hold through dips and ignore the paper loss; is it actually possible for BTC to drop to sub $5k ever again now?
There was a really good diagram showing how the composition of BTC holdings has changed over the years, and it shows a marked shift away from big portfolios into lots of smaller wallets; i.e retail investors.
I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?
March 20 was the last time it was at around that level and it hasn't gone to that since.
What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?
There was a really good diagram showing how the composition of BTC holdings has changed over the years, and it shows a marked shift away from big portfolios into lots of smaller wallets; i.e retail investors.
I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?
March 20 was the last time it was at around that level and it hasn't gone to that since.
What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?
Jump to: