Topic: The point of no return (Read 694 times)

Stay calm, bitcoin is still at a safe level, we still have hope and will not be low again. Maintain bitcoin and good hopes will be with him, the market will move even though it's slow but still in a good position.

I agree with your analysis, anything can happen and the market can even dump further but that does not mean it will not recover again.
 
As we stay here longer, we will be seeing more price action and that makes us aware of the situation, in the past there's only low volume but now the adoption has a significant increase as we have lot of players in the market now (big and small), so there's no need to complicate things and overthink on the price action, we just hold and that is enough already.

dont forget about how important miners are. there is a point of no return at a price point where the majority of the miners shut off their machines or leave the chain, and mine another more profitable coin. one of the most significant/important attributes of bitcoin is how secure the network is and at prolonged low prices or continual dropping prices the hash power also decreases.  yes difficulty adjusts etc but miners can only mine for so long at break even or a loss. miners cant wait four years for every bull run to pay the bills. price needs to go up soon.

There are some speculations that bitocin will fall down to $2500. But, whatever bitcoin price is, it will still recover and will still have corrections so the best thing we can do is to hope and to wait a little for the market to grow.

Things may take a different turn, though

As you seem to discard the fact that Bitcoin is not the only pebble on the beach (even if it is the dearest one). There is a bunch of cryptocurrencies which won't miss a chance to take Bitcoin's place once it is empty. Technically, it would depend on the exact reason why Bitcoin goes down. For example, if it goes down for purely market reasons (as has been the case all this time), then it is reasonable to assume that the rest of the pack will go down along with it (as has also been the case so far)

In these circumstances the balance of powers in this game of thrones will be preserved, and Bitcoin will likely remain the top cryptocurrency. On the other hand, if there is something which breaks Bitcoin (and Bitcoin alone), it will probably be a one-way street for it. In this way, it may be impossible to build the trust again as by that time the ship would have already sailed



Or sunken, for that matter

Lol as long as bitcoin has a value even single cent this will never has a chance to not recover

Not $3,000 and not $100 so you will got no answer that will support your question buddy

Think about that dump, the latest huge dump, bitcoin in beginning of 2017 costed 1000 dollars, to not go further into the past, in the end 2017 we had price 20000 dollars. After all that we are at around 4000 dollars. That dump is rise actually, we are higher bottom than ever before. Even if price drops a bit more we will have higher bottom than before, personally I think we will not see bitcoin under 3000 dollars again, if that happens that will temporary and good level for buying.

Even if the prices fell below $1000 there will be people who are ready to hold it because they were the people who bought bitcoin when it is in single digit or double digit fiat value so it means bitcoin will be still alive but it will make the recovery harder and will take many years to start from the beginning and built trust so the people can invest on it bu in my view there is no point for bitcoin to die.

BTC is the strongest coin because it has been dump many times and still recovered.
Maybe people would think that it's over or no return because the price is very cheap now compared to it's ATH, but it has been the nature of crypto
which the price volatility is high and the pump and dump could anytime happen even without big reasons to cause it.

I witness so many declines came with bitcoins and there are so many people says that it will die but it keeps striking and getting back where it stands after the dump so provably this downwards happening. We need to keep our stands and support btc since if we support a chain reaction will came and that maybe could trigger the bull.

Not because we're in bearish market for a long time, you'll think of point of no return. There is no such thing btc won't recover. Number of user is increasing from time to time wether it's fast or slow. Btc will always recover but it really takes time. Despite of struggle I've witnessed the recovery and the same thing will happen again and again in perfect time.

Bottom is in
all previous bitcoin bubble lows were 20% (give or take a few %) of the bubble peak price.
$36 high, low was then $5.
$1200 high, lows were around $200.
$20k lows are around $4k now.

Here is one take on the bitcoin bottom I thought about:
 
I think there is either a price or an amount of bitcoins that the whales dont want to go below. for example if a whale can control or heavily influence price in their favor on bitstamp with 20000 btc at the price of $3500 I am sure that he would want to keep those proportions for perpetuity. So if the price goes up $500 maybe the number of bitcoin would come down to 19000 and if the  Price goes down $500 they would need 21000 btc to keep their control etc etc. They are not going to give up their power so unless they are cashing out and done, they will not let the price go to a point where they lose control of their influence. What I am getting at is when the price goes lower they need more coins to keep their power. They get weaker when the price goes below a certain threshold and other deep pockets can acquire cheap bitcoins and maybe eventually lessen the whale power or even overtake them.  Think about it. If you are a whale you are the heavyweight champion. you are not going to give up your title, especially by giving away coins at cheap prices unless you are getting out of the game and dont care anymore(fat and satisfied). Too early for this to happen. its only been 10 years.

No matter how bitcoin fall it is going to recover and makes strong bullish trend.  The market cannot die but will remain strong in future.  Investors are waiting for that time that bitcoin will fall enough for them to invest.

Keep in mind, that if the Strong Hands want to carry any Bitcoin value, they can do it, but they must take into account that they would end the castles in the air of the people, so they must take care of the price, since that they need that many enter to invest and thus they can continue speculating in the market.
I think it is time for a small bull to try the offer, and in turn if they manage to consolidate a new liquidity zone, it could be for 4500USD or 5000USD. A strong setback should not be ruled out, because as they rise, they take profit by selling.

Forget about the bear trend. Within the next month, the most is what can happen with Bitcoin - theoretically it can drop to the level of $ 3,600 - this is the lowest possible level for Bitcoin at the moment. Below bitcoin will never fall again. I am sure that by the summer Bitcoin will have to cost at least 7000-8000.

It just tells us that adaptation of Bitcoin has greatly increased to the point that we will not be going to see the lowest price just like 5 years ago. It will only occur if most whales will dump everything on the market then I might say that the market might be dead but it is too far from reality yet.

It is a cyclic process, once it fell but the same gets recovered. It is all about the time, the growth happens and if there is something lacking automatically there will be dump in price as well with the marketcap. This doesn't mean that the value of bitcoin won't have the strong support to return. It'll return when it get back the required support from investors and adopters.

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2.5k or Is that 25k. Hopes are still alive for those who have invested in Bitcoin and I am pretty sure the market will bounce back again, and yes a stable growth is needed as we dont want to see this long trend of 3.5k to 4k, what actually is the market is unpredictable from a longtime. Yes a lot of big investors took advantage of this downfall and filled their wallets. Let's have faith in this and move ahead.

I think that if the cryptocurrency capitalization falls to one billion, it can become a point of no return. But I believe that this will not happen. I think that very soon the market will begin to actively recover.

I doubt there's any price it will reach that will automatically spell doom for bitcoin, we have seen at far lower price before now but it has always surged after such fall

Yes, the price of Bitcoin will never comes up to 0 because still there are many supporters which have been supporting it since from the beginning and we will keep supporting the as long as we able to can.

Everything could happen, there's nothing sure when it comes to price of btc. Even it was the leading coin in the market chances for it to drop and lose its value is always there. However, you are also right somehow, this will not happen as long as there are investors who believe to btc. So I like your idea of selling when you can't take the pressure any longer, that's the best move to save us from a total bankruptcy.

No one can tell when bitcoin will return on its glory days, even if bitcoin price will decrease until $3000, there is no assurance or no one can guarantee us that bitcoin will recover after that. As of the moment, we already experience long time stable amount of bitcoin, maybe because no big investors are getting interested again with bitcoin.

I think about 2.5K. If bitcoin passes this mark, I will start selling bitcoin in parts. But honestly, I don’t think Bitcoin will reach this level. I think that on the contrary, stable growth will soon begin. If growth is not within 1-2 years, then again, I will have to sell Bitcoin. I hope this will not happen!

It all depends on the how the community show support on this idea. Seeing how more and more people become so engage with it, we can expect recovery and "glory day" in the near future. Just continue to buy and hold and expect sudden changes on price from time to time. Get a secure wallet like electrum or Holder and decide to do long term investment.

Even if bitcoin finds it bottom at 1000$ it will surge in price again ,bitcoin has fought the toughest battle in the past and now its spreading across the continent like an unstoppable plague ,its too late to stop bitcoin now because its has become 10x stronger ,with strong community and lovely investors it will always do fine

Bitcoin adoption is stronger than any other I've seen so it will always rise no matter how drag down the price might be ,this is one of the reasons its unpredictable ,let's not worry much on price but take advantage of present market condition

I personally don't think that there is bottom line limit from which bitcoin would not be able to recover. If all the parameters fills again like it was in its best days (talking about price), I don't see the reason why bitcoin price wouldn't increase again, even if it touches the price of one dollar.

Don't have so much hype on it, you also know it may trigger but depends on the market situation. Need not to worry too much on the downfall instead take is opportunity as a advantage and buy more if you can and I am sure you will be paid for this.

There’s no way that in some point bitcoin will never be recover,because bitcoin started to somewhat value is only a cents so whats the matter if this returns to that same value?the technology behind bitcoin in which the Blockchain and the other altcoins (the legits only)will remain existing because this is a currency for the technology and not just for paying bills and buying something from the groceries

zero and end of internet will be the point of no return for the bitcoin, because what ever the low price it may go it will bounce back as now it is the main earning tool for many traders and a big investment hope for many peoples.

$2000 is the lowest for me but bitcoin doesnt have any history where it breaks down even on lowest value. It still continue to survive for many years. Besides, people would also takes that as an advantage and will continue to invest more. Bitcoin will always recover because its now considered as a currency and a lot of people use it even on low value.

For me,we don't have to worry much even if this market will still fall its price because as long as there is bitcoin's volatility and those people who are still using bitcoin,then the price will still bound to recover.So don't be too much affected with negativities.Instead grab this chance to maximize your investment in bitcoin by buying more potential coins.

nobody knows, my homepage is full of predictions about bitcoin. But in fact everything is not true, if it is true maybe it is just a coincidence. If I am sure of the future bitcoin, then I will hold on without having to worry

Nope, even if it returns down to 2000 and even 1000, that will be no problem with getting back above 20k in the next bull cycle.

I think bitcoin will not reach the 0 value. There are still so many people that trust bitcoin. So bitcoin can still recover and be good again. We just need a little more time.

Like anybody else here. If bitcoin has no value at all. I think that is the time that bitcoin cannot return to its glory days. But now there is still a chance that bitcoin will be great again.

I believe a price of $0 for 18 months would mean we'd reached the point of no return.

Bitcoin doesn't care what price it is. It doesn't care what one of its users has paid for it. Just like mining, if it breaks someone there'll be someone along to take their place at a lower price level.

I believed the previous price $3400 price range is the bottom price of bitcoin market although the time when the market will experience bullish is something we should not consider because there's much of demanding in the market now expect the whale intervene.

I think that it can be recovered, indeed, at such a price it makes us confused, we all think of giving up, but not for me.
I am still involved in this field even though in a very low market situation than before I basically will remain optimistic and try my best in this field and hopefully it will improve in the future.

There is no such point because bitcoin price can grow even in one day! We already have seen such incidents many times. Bitcoin price is not strong at 3500 USD, it can go under 3K USD anytime. But the fact is bitcoin price can be increased without even big news! So, I suggest you, stop thinking about no return, dead things and avoid negativity about crypto. Do your works very hard, once the crypto market starts growing, everything will be more than enough.

I think that even if he falls to suppose 1k dollars, he will still be able to return to the top

Trends on price of Bitcoin is not determined by its level and there is no such limit. Since 20k ATH was a price above all expectations, price could not hold on to 20k. If we have good news on adoptin side and countries change their stupid attitue to crypto currencies, everything will change and price goes up.

Nobody knows clearly, new declines in Bitcoin price can be seen. My idea is that if the prices drops, I think these drops will have a good buying opportunity. Because Bitcoin and Blockchain technology is slowly spreading around the world.

Nobody knows about what could be the price value of bitcoin, we don't need to pretend on this of business. Since we all knew that Bitcoin is volatile, and because of this its really hard determine or predict even for an hour we don't know what could happen if it is going to get high or dump something like that.

Bitcoin will recover any low price my friend.

The only people that lose all their money are those panic selling when it's low. It's pretty simple. I don't know how long could take, but maybe we could see really low prices in the future.

However, the people who panic sell will never run out.

3000 is a pretty decent price

Let's not forget that a little over a couple years ago Bitcoin's price was way below 1000 (and in 2015 it fell below 200 dollars). Anyway, this is not a matter of price as such. For example, if Satoshi (or whoever lays hands on the private keys from his wallets) dumps his 1M stash of bitcoins in the open market, the price will likely crash into single digits. But will it hurt Bitcoin beyond the point of no return? Obviously, not. So it all depends on the factors which will lead to such price crashes, not on the crashes themselves

It is difficult to say what price can be considered as a point of no return. The fact is that the market is moved by large players, and they are more likely guided by the potential prospect of an asset. In other words, if they see the potential for growth in the asset, they will still buy it. It will be worth 200 dollars and 20,000 dollars. Another thing is that everyone wants to buy cheaper and does not want to hurry. Major players can wait for years. Therefore, it is quite possible that the price will fail and up to $ 2,000 for Bitcoin, but fundamentally it will still be interesting for purchase, and it is quite possible that this will be its bottom.

I don't think it's possible to determine it. I think the point of no return would be below $1000 but well, we'll see

What you’re asking is bottom?there is no specific because we can go below $1000 and nothing is impossible

But let us be more optimistic since the volatility of cryptocurrency is showing its presence that we must always consider that instance..

But $3000 is much even better for this years bottoming

As long as bitcoin has a value, it can still recover. What matters here is how developers will maximize the usefulness of bitcoin blockchain. This is the concern about bitcoin, most people treat bitcoin as digital asset only rather than a technology.

Everyone who answers your question just relying on a prediction is not a certainty. That means no one knows the price of bitcoin is decreasing and the price of bitcoin will recover. If you have an investment in bitcoin now you can be able to focus on choosing a long term, do not rely too much on short term, none or rarely for someone who gets a big profit with short term. Everyone already knows the questions that you convey, but they will never answer them by making you sure.

A coin dies when no one is using it, just like the dead coins created during the early year of BTC, there are lots of them got delisted on exchanges because no bids on them anymore.  BTC is far from being dead if you check the volume of each exchange. There is no point of no return, it will always return unless we all decide not to use BTC anymore.

There is no such 'Level' from where bitcoin can't recover its price. As long as there supporters for the bitcoin, the price of BTC will keep moving and as long as the price is moving, there is a chance for it to go to the ATH.
You can see the previous price crashes from the history of the bitcoin and find out that BTC has recovered similar falls and it still went to the all time high price.
In the same way BTC will surely cross the ATH price and may be fall down again only to set the new ATH again. This it how it goes with the time span increasing every cycle.

everything started with nothing, even though it dropped even to $1000 theres a chance to get back to the previous price where Bitcoiners like it a lot. the downgrade of Bitcoin's price it's probably time to buy and wait for it to rise again and sell it for the good price.

I dont think there is price from which BTC cant return i really belive , what we need for return investiments ,itsnt it so any time milins of people join market and start buy BTC we would have return and no matter what price would have BTC 3000 or less even we have only 21mln total supply and as we now many BTC were lost in early stages.

$3000 although being low is not a serious threat, anything lower than that because it is a major buy support, can be a bad thing. although it is not because of what OP says, there is no such thing, but because it will increase the length of the downtrend by a lot more and that will also damage adoption since it slows that  down significantly.

There is no one knows what is the lowest price will be and when the glory day will come again. For now, it would be better to collect as much bitcoin as we can and let the market decide what the result will. And one more thing, let's continue to support anything that will be developed by people who are competent in their fields , the developers and the adopters in this case, so that bitcoin continues to exist for a very long time.

You literally never know what the price is going to be. Bitcoin is so volatile that anything can happen. Maybe it will increase 10x again, or maybe drop 90% today. Who knows but I doubt it's going to rise back up because of all the speculation that people are doing right now, predicting it's going to be a bear market because they don't believe in bitcoin, and the people who invested in bitcoin and lost just left bitcoin forever and thought about it as a scam.

Yes there is no point of return. Bitcoin price going lower means it will come back with good results it happened earlier also. The investors will increase and the value will get automatically increased. Bitcoin has been approved in many countries and people started using it so there is no point of return going forward just believe in bitcoin for sure it will be profitable one day.

there are many wild conclusions and predictions for bitcoin prices in the next few months or for this year. but too many posts and more rumors about the decline in bitcoin will continue.
I think anything can happen including bullrun in the near future. we will never really know what will happen

Even some people predict that the price will fall $3000 it's not yet sure if this thing will really happen. But, for me I will remain positive which I know the price will recover soon. I hope the price of bitcoin will not fall at $3000 because it will might the reason on its hard recovering.

I could not find its final position. Bitcoin has an extreme support level of about $ 3,500 - $ 3700 but it is already awful, and it has not surpassed the price of $ 4,000. I am worried that Bitcoin will drop sharply in the following days if it does not grow again as this is putting massive pressure on investors.

there are many possibilities that can occur including for bitcoin bullrun. I think the market is so fluctuating plus some rumors that are developing make the growth rate difficult.
I think bitcoin will be in the range of 3k in the next few months until finally it can really stabilize

This is really uncertain, prices on this kind of market is really volatile and no one knows when it will increase or decrease. We are having a strong hold on price range such at $3500 and i guess bitcoin will stay enough long for the bull to run this year. The only thing we can do for now is to support by buying bitcoin to increase its price on the market.

That point of no return would probably be less than $1000.
Some say bitcoin will fall below $3000 before a new market cycle starts and reach new heights.

  For bitcoin, there can be  no the point of no return. Now the price of bitcoin is falling, but it does not mean that bitcoin will die. Bitcoin is beginning to be used all over the world as a means of payment and investment, therefore, bitcoin technology is only at the beginning of its journey.

i think the price that makes bitcoin can't return when they reach the price in the low price on the last year before, for excample when the lowest on 2018 is $1000 so i think if in this year the price reach below $1000 i think the price of bitcoin will never recover again

really and my prediction this year, of course, in the middle of the year, bitcoin will experience a good price increase even though from now on it is still slow to experience changes

We have an unlimited chance to get back to the peak level as long as there are investors and soon it will happen. We should not be discourage by just looking at the market, try to analyze it well and you will have more smiles in your eyes as you can see a bright future ahead.

Bitcoin can recover from any value. Theoretically the lower the value goes
the quicker it would recover or at least stabilise (temporarily).

We can asume as the value drops there will be bigger buy orders generated
which would stabilize the fall in values.

$3000 still seems to be a shallow trench that bitcoin could easily recover from. Perhaps a trip back to the 3-digit lair would somewhat prove difficult for bitcoin to return to its former glory, seeing that most businesses and people by then would start losing interest and will just be investing their energy and money somewhere else. I'm still optimistic though that 2019 will bring some form of turnaround for the trend, as many services and institutional investors are eyeing bitcoin for this year.

Frankly speaking , Point of no return should not be governed by the current price of bitcoin.  Actually I like to check hash rate graph.  time to time. To me , hash rate is still in good range.

@OP, Why you are worried about $3500 this time, because we bounced after touching $3200 too.

Well, for simple guys like me, Bitcoin already passed the point of no return some time ago, probably even long before I started looking up my first transaction. XBT counter on analytics? People and states using it? Ever-positive rates of growth in so many areas (hey, even price too if you're willing to widen your timeframe horizons)... there's no going back to a single client running it, unless you go to testnet, that is!

Nothing is forever, sure, but our kids and their kids won't live to see Bitcoin's death.

No one knows where would be to the bottom of bitcoin as long there is whales wjo have huge number of bitcoin in their wallet they can do what they planning to but as long as more and more people are buying and patronizing bitcoin the good side is always on us as long as you keep holding and not affected by bearish sentiment you will be victorious in the end.

that was happening at the same time and causing a lot of issues but the reason for it was not all about the bubble and the surge of new users. although they contributed to the big back log but most of it was because of the spam attacks done by different sides of the scaling debate plus the altcoin pumpers which were trying to undermine bitcoin to pump their own shitcoin (such as  Dash which were running campaigns for spamming bitcoin network).

This market in which we are ,does not have any fixed bottom or peak,its nature is volatility and it will remain as such.However psychological barrier can be fixed as per sentiments of the market now which is around 3200$ where it has a strong support and could not break even in the last pull down.

There are other speculations that the support is around $2500, this makes it not reliable as all are still speculation. The only fact is that there is a bear market from last year and it is still persisting.

prices can move anywhere without limits according to market movements, so there is no particular point that we can mention as the lowest point

There will be no point at all, the support is a good support for the community but still it can be break anytime.
What the coin needs is the demand from the people.
On how we can see the market before like 2017 it was a strong demand from the people all around the world that makes the price to rocket.

Paraphrasing Satoshi, Bitocin is either going to 6 figures and more, or to zero. And I think it doesn't really matter what happens in short term, I can easily imagine having drops to $2,000 or even below $1,000 and then still recovering later and suprassing the last ATH.

What is important is that Bitcoin keeps getting improvements, because they are the fundamentals that give it its value. Adoption and price increase will come with time, it took many years to stop the masses from thinking that Bitcoin is a ponzi, it will take years for people to start adopting it.

There is no point from which Bitcoin cannot recover. No matter what levels it falls to, there is the possibility that there will be a bull run in the future. That doesn't mean that it will reach an all time high again, but there is always the possibility of a bull run, and significant increases in value.

Compared to historical values, $3000 is still 'glory days'.

I think that 20k wasn't a price that was illustrating the market at that period of time. Now it is a good timing for the price to go up. 3500 support seems to endure the pressure and as the time goes by this support is going to be stronger. There is a lot of time that bitcoin moves around 3500 so I think that we are near to the point of seeing a higher price.

There's always a possibility for the price to go back to where it was before. Having a certain price floor doesn't mean it can't go back up. Give it more time and if everything goes well for Bitcoin you'll see the price recover until it breaks the previous high. Don't count Bitcoin out yet it's only the start and several things can quickly change in less than a few years.  

True, and it's not just the bubble that was problematic during that time the network was overflowing with too much transactions causing miner fees to spike.

If to argue from the point of view of the price of bitcoin, then it came back from the worst positions in past, and this didn't prevent it to stay afloat all these 10 years. But I think that the glorious days of bitcoin will come when its mass adoption and legalization comes. While everyone is waiting for a high price and keep bitcoin in their wallets, this slows down the process a bit.

My bad, as I should've worded my statement correctly. What I meant was, it's very very unlikely for people to abandon bitcoin anytime soon, unless bitcoin just simply becomes completely obsolete(for some reason), and a better alternative comes in(regardless if it uses blockchain or not).

With that said, I still think it's really unlikely. As even if bitcoin becomes completely obsolete a lot of decades from now, I'm pretty sure there will still be people running nodes, holding bitcoin as a sort of collectible.

There is no limit for Bitcoin. It always can fall under 3K and goes the top of last ATH again.

Last three big corrections shows us a Bitcoin's potential. And it can come back quickly when its be ready.

i disagree with this because i believe something like that is either guaranteed or impossible. there is nothing in the middle like being unlikely.

at this point we have no reason to believe bitcoin is going to be abandoned. because bitcoin is just getting started, some newcomers like OP who read some FUD most of the times may not see this now but that is happening. so at this point it is impossible. and the only option is to grow more.

Bitcoin can literally drop to $1 or even 5 cents and still get back to it's all-time-high price after a certain amount of time. It's really just a matter of 'when'. There's no such thing as "point of no return" when talking about price; unless every single person just completely abandons bitcoin, which as we know is very very unlikely.

what makes you think that there is some arbitrary number that if it is reached then there is no return?

no, the strong support is at $3000. $3500 is the secondary strong support which is formed after reaching the lowest level. and both of them are prices far below the intrinsic value of bitcoin.

bitcoin's "glory days" are not days that price is shooting up. in fact those days are the worst because although you may be blinded by the profit, the reality is that we are entering bubbles at those times and bubbles are never a good thing.

There is no such price level of Bitcoin. No one can exactly predict about this. Now it is moving around $3500-$4000. If market moves forward, it will surely raise but no huge pump is expected. Investors are now very much aware about this.

Exactly. You can never tell when will it hit the hardest.
But without a doubt, bitcoin is not going to die anytime soon especially that mass adoption is going stronger everyday.
More and more establishments are accepting cryptocurrencies as a means of payment method and so with BTC, as this is the most popular cryptocurrency that is being used up until today.
So you can't tell to yourself, this is the point of no return. You will give yourself a headache by just thinking of that.

We can't tell, no one knows. Bitcoin's very volatile and you just can't expect things to be perfect along it's way from down to recovery. It may go as low as $2,000 like the most lowball predictions that I've heard but it's up to you if you'll believe them.

Even price will go as low as that those real believers will start to take the advantage of buying more if ever bitcoin goes on very deep point of decrease. It's the logic that lies, it can go very low but it will recover afterwards.

there is no such price unless you think bitcoin is dead and its adoption is no longer growing.

otherwise as long as the adoption is growing (which it is) the price will continue to go up no matter how low it gets at some point due to heavy manipulation of the market. eventually the buying forces will overcome that manipulation and the price will shoot up.

At which price do you think bitcoin will not be able to recover from? There is strong support at $3500 but is now at risk of being breached.

Is $3000 the low point after which there is limited chances of it returning to the glory days?