I personally don't see the possibility because if it does lots of people and companies will go bankrupt which will affect the economy of most countries active in itm
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You are 100% correct, should bitcoins fall back to $1 nobody will ever invest in cryptocurrency again no matter how convincing it looks. Bitcoins is the most accepted cryptocurrency, I do not think it can ever fall back to $1.If such things happen then it will definitely be the end of cryptocurrency because no one will trust it again. There are people who has billions of dollars worth of Bitcoin.
Seriously for this to happen cryptocurrency have ceased to exist, even if cryptocurrency will be banned all over the world the price will not come down to that price because some people will not say about their coming no matter what.Yeah . For this to happen it means that cryptocurrency is dead . Bitcoin is the chief an for it to drop up to 1$ means death to every other cryptocurrency out there
I do not think that the price of bitcoin will go down to $1. It has already soared high like $68,000. Today it has gone down to $31,600 per bitcoin. It might go higher or lower than the present price. But I don't believe it will slid back to one dollar. I like cryptocurrency because of its volatility.Bitcoin has gone down lately and it made me wonder, what happens if bitcoin reaches back down to being worth a $1 or something? Right now it's at $34,000+, and I have a feeling it'll go up and down some more. But, what if it hit really low, like $1. What do you think would happen?
Well I think that's impossible , it's like from 32k$ to 1$....nope not happening that's like -1000000 ......with time I'm sure it will definitely supersede it athBitcoin has gone down lately and it made me wonder, what happens if bitcoin reaches back down to being worth a $1 or something? Right now it's at $34,000+, and I have a feeling it'll go up and down some more. But, what if it hit really low, like $1. What do you think would happen?
Bitcoin has gone down lately and it made me wonder, what happens if bitcoin reaches back down to being worth a $1 or something? Right now it's at $34,000+, and I have a feeling it'll go up and down some more. But, what if it hit really low, like $1. What do you think would happen
I dont buy and believe the idea of bitcoin reducing back to just $1, its not going to happen in this era, the worst bitcoin can come down to is $35,000 as at the moment,Even though bitcoin is continuously falling down from its all time high price of $64K, the price is still higher than what it was just about a year ago. I don't see bitcoin going down $20K
If Bitcoin falls to as low as $1, what would happen will be that so many other shitcoins will then be showing negative values as their price.Bitcoin has gone down lately and it made me wonder, what happens if bitcoin reaches back down to being worth a $1 or something? Right now it's at $34,000+, and I have a feeling it'll go up and down some more. But, what if it hit really low, like $1. What do you think would happen?
That is the best thing to do as most of these predictions are solely based on assumptions and not based on any technical analysis done.That's very unrealistic. I don't think the figure you mentioned in the thread is achievable. Despite the hurdles, bitcoin will never slump to that level. I have read statements from bitcoin critics , different versions stating different prices the bitcoin will reach at the end of 2021. I think I have realised not to follow those news any more