Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
Yes it is possible but it can't go to that limit for which you are looking .
I means to say that it can go down to 100 to 500-600$ down but can't down much below . Because experienced person who are from 5-6 years in this field knows that what is bitcoin and better timing to buy for it is what? .
Here you already scene in 2nd last week that how did the price was going down but due to bulk earner the price get up ( because they Bought bitcoin in bulk amount and made the market balanced ) .
So it will be more better for you to buy bitcoin at low price in fraction with every fall in the price of 100$ because down in the price is the opportunity to make buy and increasing price are the opportunity to sell at high and make profit .
So use perfect timing to make earnings because bitcoin can't go much down as what you are expecting .