It may not fall down to zero, of course
But it could crash very low, down to triple digits (well, a little over half a year ago upper triples would be totally fine). Obviously, for the future to become bright and brighter we should first survive this summer. If tensions are set to intensify (which seems to be the case), people will just move their money into fiat or some other coin, even if only temporarily, to wait out the troubled times and see how things are going to unfold in the end. So we should be particularly attentive to any events that could throw some light on what is about or likely to happen
I really respect your point of view and I think you are right most likely because you have much more experience with cryptos than I do, but what if the bitcoin price will be rising even when the problems bitcoin has now will not be solved? I mean for users it's either big fees or slow transactions.
But what if people will come to terms with that?I'd rather say they don't need to get used to high fees and slow transactions at all
It is as obvious as day that high Bitcoin prices are due to intensive speculation and extreme profiteering going on at every exchange out there. But for that you don't need transactions fast and fees low. You send a few bitcoins to an exchange, pay a few dollars and a wait for a few hours, but that's pretty much all. After that, your bitcoins don't leave the exchange, so you don't care how high are the fees and how long it takes to confirm. I guess this is what most Bitcoin users are doing and feeling. The real issue is certainly not here, and high fees as well as slow confirmations cannot greatly affect Bitcoin price as history clearly shows. The real problem lies in the possibility of Bitcoin becoming a toxic asset, for example, due to a chain split. This event will dramatically affect Bitcoin prices, that should be as clear
