what level do you think BTC will no longer recover and will go bust?
what level do you think BTC will no longer recover and will go bust?
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I think if it goes lower than $1000, it might be a little difficult for it to recover again. Most investors would definitely decide to close their trades when this happens.
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The cryptocurrencies can still recover, especially the Bitcoin, even when it hits the price floor. It is important to remain optimistic during this situation.
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I don't see bitcoin crashing. Bitcoin and other crypto currencies are the future.
If you should check the current price of bitcoin, you will see that it has increased above $8,000, which by this, it is gaining back it's stand. And by may ending, I see it crossing $10,000
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I believe the Bitcoin has a very strong upward momentum at the moment because of the anticipated impact of the halving coming up in mid May. So the likelihood of a movement to the downside is very low indeed. However, I believe that if the price of Bitcoin was to crash to $1500, it would continue to collapse on its own weight and the chances of a recovery will be very slim at that price level.
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Maybe if it drops to one thousand dollars, many people will start to panic and would lose faith on Bitcoin. Honestly, even I would be discouraged if it happens and I don't think the coin will still recover at this point.
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I thonk right now its not going to perform any more , its not working anymore there has been so many things lost to it and we are all suppose to believe that its going to happen in any case to go up so we are all trying so hard to believe in what is happening so bitcoin to me is no longer performing
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Njoki (08-12-2020)
is it struggling, then no we dont have to understand the burst, there are dreamers out there who are still living in the bubble an would not want to wake up from it because in the end it proves more painful kindly can we venture into another coin kindly because this now is becomeing case we cannot stand
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