I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.
Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.
Are you expecting Bitcoin to get so low once it crashed?
Because the lastest huge pump, people still thinks it may work as a bubble and so there we don't know if it real or not.
Exactly. People thinks that this might be a bubble and it may burst out anytime.
They're afraid to loss their investment and they're too paranoid towards this and this people are the one's who didn't believe and trust enough bitcoin. With the current price and still accelerating we can see more bitcoin's capabilities and I'm very confident that we can reach $20k by the end of the year.