Bitcoin Forum

 Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

$5900 is really possible, especially what happened last March, $10,000 dump below $4000 in just span of hours, when the pandemic corona virus began to spread all over the country.
Just like that, almost 50% of it's price was dumped. So my expectation is maybe another issue that will cause bitcoin dump again, especially there are lot of panic sellers in Bitcoin.

The drop in March was unprecedented due to the Covid-19 situation. It was just following the market trend with the uncertainty of the situation around the world. I don't see Bitcoin having a huge drop in the near future, barring any ruling by governments that is not in favour for Bitcoin. Given the fact that the government's aren't really paying attention to Bitcoin nowadays, I don't see any new ruling that would jeopardize Bitcoin.

I think that too, but when or if is up to market.
Value of $ went down so much, that price of Bitcoin would need to go up a lot only by this.
Market is ultimate judge here tho, we will see.

Slim, unless there's a massive FUD that will really sow panic to the investors to liquidate and sold-off.

But so far the overall health of crypto market is very good and we're not seeing any negative news and as you can see we just breach $10,000 briefly, meaning confidence is high right now.

But what will be issues that we can foreseen that will pull the price to -40%? Another pandemic? Top exchange getting hack? So I will go to say no, at this point, not expecting that we will see another massive dump for this year, pulling the price around $5k-$6k levels or another corona virus effect on the market.

This is also what we think before that huge dump in March 2020, which lot of people the coronavirus could be help or boost bitcoin price because people will start to stay at home and use Bitcoin for their transactions, but it still dumped, and I think it's already given since even stock markets also dumped.
Maybe second or more waves on this coronavirus? Or another pandemic? Well, there will be more incoming FUD.

if you look at the history, a 40% drop has always been very rare. they basically only happen if there is a massive bubble or a very big negative news during drops or side-ways market. we have neither of these since bubble ended more than a year ago and price has been under bitcoin intrinsic value so it has been underpriced for a long time and also there is a massively strong buy support at $9k that is growing in strength the lower you go.

Looking at the market now and how it has been the past few weeks, the chances of bitcoin going back to $5900 is slim. Maybe a drop to $8K but nobody knows what's going to happen next.
 
While I agree that it will have to take another major economic crisis or another major FUD causing panic selling[country xx banning bitcoin or exchange xx was hacked], we shouldn't give assurance to others. kiddex or other newbies could take the "So, you have nothing to worry about. Your collateral is not going to be sold." statement as gospel truth and take out more loans.

I am not familiar with Nexo terms & conditions since I hadn't used it ever. You took loan means you were agreed with their lending terms & conditions. So if in case the price drop below 40% then they have the right to sell bitcoin if they want and I believe they will do it. Listen, we know that everything is possible in crypto, so bitcoin fall would happen at any time. But I can't see enough reason to drop now. The last drop happened due to global pandemic and panic. Day by day people learnings to live with pandemic and believe there will not suddenly fall again. But I will suggest that you should repay the lent amount as soon as possible when you have the opportunities.

Is it unlikely? Probably. Is it possible? VERY.

In the first place, I don't think taking such loans is a good idea, knowing how volatile the markets are. Such price drops of that magnitude ain't new. You'd know that if you took a few minutes to take a look at bitcoin's multi-year price chart.

Take a look at this alone, I could already see a few:

Maybe another coronavirus mass contamination wave? Situations that could dump bitcoin can happen suddenly and we must be prepared for them.
The world is too crazy at this moment. There is a pandemic going on, governments giving free money to their citizens, productive sector stopped or working slower, purchasing power heavily decreasing... We are living a very delicate moment and to be very confident in investments like bitcoin might be a mistake.

I'm not saying to not invest in bitcoin, but to be aware that we are living hard times.

We have just had the halvening. Historically that leads to upticks. Then we are moving into that part of the year when the jumps in price happen. One worldwide worry has been that despite the bad employment situation, the markets seems to continue to surge. This gap between the wealth of richest and subsistence level income for salaried classes MAY lead to some form of social protests. Yet, world over, people don't really have the belly for protests at this time.

A drop to 5900 from ~9500 seems unlikely. Though, one has to ask, what kind of service are they giving if they will start liquidating the assets. As long as they have your BTC, It is with them, right? What is the meaning of providing a loan service that would depend on liquidating your collateral without even checking if you can repay back in time. How does that make sense? Is this the model that most such "loan" services are following??

Yes,this is exactly the model of such loan services.If the collateral value drops under the amount of the loan,the "bank" liquidates the loan by selling the collateral.Loans on Bitcointalk follow the same rules.
I don't think that the lender(in this case Nexo) can really check if OP can repay his loan.
Anyway,this makes me wonder what's the point of sending your Bitcoins as a 140% collateral for a fiat loan.
This doesn't make much sense to me.I assume that OP is in big need for fiat money,but doesn't want to sell his BTC.
The chance of BTC price going back to 5.9K USD in 2020 is 50/50.You can't be sure about anything,when it comes to the price of Bitcoin.

Bitcoin market price what is the specific time it will drop the main answer is no one knows because the market is volatile and it depends on the investors when they pull out their funds and especially the whales those people who hold a lot of a large amount of money.


Still, there is a chance that the market price of the bitcoin will fall down immediately like last time it happens from the start of the year of January 2020 the market price of the bitcoin shows a good market income and trying to reach the 10k dollar market mark and when it comes into the month of the match all the things fall down immediately and it is starting falling down right now from 9k to 7k and after a few weeks from 7k to 5k and on that same month the price of the coin reaches over 3.9k dollars which is the lowest price of the coin recorded.

The sudden drop in price of bitcoin in March was due to the outbreak. I really do not think such will happen now but again, anything is possible

The chance is low but do not be confident, we're halfway on that price.

Think of that there's always the chance that it can go that low as we're not that too far from the price. But as much as possible, take back your bitcoins and pay your loan if you're already capable.

bitcoin is held up by alot of value.
such as the cost of mining makes the difference of if its profitable to mine, then people will mine to sell for profit
when its not profitable to mine people will buy coin instead of electric.
this becomes an equilibrium of base value

speculation sits ontop of this base value. take for instance the 2018 era of $20k price whilst the mining cost was below $4k that was just too much speculation to last this was alot of bubble above the value waterline

then after the $20k price drop. mining took the profit and upgraded hardware.. which caused underlying cost increases to ~$5.6k as they invested in more hardware,
this helped keep a healthy speculation 'foam' of $6-$10k that summer

then next gen tech came out making it cheap to mine at just $3k again. and so the $10k foam become a $6k bubble. and that collapsed the price down to the >$4k mark in that autumn

..
i say all this because these 'collateral loans' businesses do not take collateral at its current BTC price.. but at the underlying value line. true collateral value.
so i can see why they would only offer loans out at a $5.9k collateral level. it makes sense

..
and right now. btc base value water line is at ~$3.7k-$10k
the manufacturers only cost is electric (retail hardware sales profit cover hardware cost) so $3.7k
for the retail buyers of hardware and at efficient 4c/kw electric they have a cost of $10k

so although there is alot of the buy or mine gameplay keeping the value in the $9k range. there is a small chance that it can dip to $4k again
and this would only be a non problem when the hashrate vs mining cost electricity bill goes up
so hope for a increase in hashrate, and watch out for a large drop in hashrate
because
low hashrate=profitability=more reason to sell
high hashrate=costly=more reason to buy and not mine

then there is deeper math and psychology
imagine if 30% of mined coins is mined by those affording $4k cost. and they only need to sell half their stash to cover electric..
over all thats only a sell pressure of 15% of mined coins down to $4k
there are alot of miners that give up mining at $9k and instead just buy coins and that is the 70% buy pressure above $9k
the other 15% sell pressure is from those with costs between $4k- $9k (variant baseline above $4k)
but overall its like a 70%:30% equilibrium in favour of keeping the price where it is
and it would require either a low hashrate to change that equilibrium. or some big bad news that can poke at someones emotions to affect their investment plans.

so overall i dont consider it a big chance.. but a small chance.
and your overall safe at ~190exa hashrate so hope the hashrate approaches that line in the sand

You take a loan means that you agree with their loan terms & conditions. So if if the price drops below 40% then they have the right to sell bitcoin if they want to Listen, we know that everything is possible in crypto, so the decline in bitcoin will happen anytime. But I can't see enough reason to go down now. do not suddenly fall just like that. there must be a cause. But I would suggest you have to pay back the loan amount as soon as possible when you have the opportunity

TBH, we can't see anything of what really it happens in the coming days, though it all seems possible but can't assure that we gonna fall that price in a very specific time. In your case, you are probably be waiting for so long and that is a big loss for you by then. Why you agree with this? What if the price won't fall? Do they still keep your Bitcoin and keep waiting? Better not to have this loan if this will go like this. Really bad on your part...

We are moving above $10k, quite to see that it keeps moving high slowly, and this somehow will kept your Bitcoin in their hands coz it probably the price won't make another dump until the end of this year. And that is difficult next year as halving will most likely to have its impact.

I guess the loan was not taken just like that, but that there is a real need for it - and although it is a kind of gambling, at this point you seem to have chosen a good option. While anything is possible when it comes to BTC, the news that the EU has finally made a decision on the distribution of money seems to have been a positive sign. What remains to be seen is whether this bull run will manage to break $10 500 and move up - or a similar scenario we have already seen will be repeated and the price will return to $9000.

4 years ago after halving the price dropped by about 40%, but that doesn't have to mean anything - we can only hope that what is happening now is not a bear trap.

It's always wise to be always updated on the fundamental news for you to be able to anticipate the next Bitcoin price movements.
As of now, there won't be any relevant news for Bitcoin to drop. If the $5,900 is the value of the 40% loan agreement before selling, then you don't need to worry as of the current Btc price movement doesn't seem bearish. Infact, that $5,900 level is the worst figure If bears will appear in the market.
All you need to do now is to pay the loan asap while Btc is in a rising trend. It would be regretful on your end If Btc reach new heights and your asset is stucked in a loan service.

In my opinion, the chances are pretty low to be honest. More and more people are investing in digital payment systems which clearly includes cryptocurrencies thanks to physical FIAT issues due to Coronavirus these days.

The vaccine will probably be administered to everyone by mid-2021 which is why the virus will continue to wreak havoc till that point due to which crypto demand will stay stable for a relatively long period.

This is simply my analysis based on current world conditions, but there is always a risk of BTC plunging which is why you need to always be prepared to lose your investment.

I guess that's the best thing to do. Pay the loan as much as you can. But $5900 level is far from the horizon at the moment. But in crypto, anything can happen in just few hours. So it is better to pay your loan little by little, at least lessen the amount they are holding against you.

Any price is likely to happen but now basing on chart of Bitcoin and trend of market, 5900 USD is a price level which nearly can't happen because according to my analysis, psychology of new investors are putting a lot of faith in Bitcoin when the world are having a lot of instability such as pandemic, trade and political tensions between China and the United States. Bitcoin is a safe investment channel.

With this hypes sentiments of investors are fomoing to ride the train
it's normal when bitcoin is rising
Though there's always chance that the value will bounce back but what
we are noticing is bitcoin
is showing great run, the chance to fall down to that certain fall for now
is slim and with high demands opportunities that it will bring much higher
value may take place.

While majority of us are looking for Pump then here you are asking when will be the price drops again?

SOrry but i think you need to look for another correction before this happens mate.

Sorry for your situation but all of us here are praying and hoping for another Pump,so yeah lets just wait what will happen next quarter.

Impossible to say something about this by guessing correctly. Considering the current situation, it seems that the price of Bitcoin will not come down to $ 5900 soon. This is just what I said from my little idea. However, there is nothing to emphasize this relationship because anything can happen at any time with Bitcoin. You always have to be ready for all these situations.

Of course there will be always a chance of bitcoin taking another dive. It did skyrocket again this time. If we look at the graph for this year and take a look at the month March, we can see that Bitcoin suddenly dropped to $4k which is still close to $5k but it was noticeable enough. Now, Bitcoins price is skyrocketing that is almost near to $11k and that would be another milestone for BTC.

Watching graphs and analyzing them are the normal jobs of day-traders. They need to create their moves before this increase and decrease happens.

Bitcoin is a volatile dude. Considering that, it is very possible for it to go below that price in 24 hours time. But then, (from my own thoughts), I don't think there's hope of going that low again... Maybe there is but, not now.

Not nearly, but already passed the price of $ 11k to be exact at $ 11,298.22 USD. This is the highest price that Bitcoin can achieve this year. about the chance that BTC will drop to $ 5k it might happen. in the crypto world anything can happen, even the price of $ 5k may be achieved overnight or vice versa, can reach the price of $ 20k overnight.

Sorry but I don't look like that and the market as well... We have that $9k for a few months and we think that it drops that 40% because we are able to move fast. Yes, dumps can't be neglected to happen but not that much, bouncing back at $9k again, will that seem to be possible but not at $6k below.

You'll never lost it if you will still keep it and believe Bitcoin's capability. Besides, we are not in the Bullrun yet to think that huge drops will follow just like it happens last 2017 Bullrun. I believe that is not the real scenario this time and to know that the market behaviors looks different from the past.

Well it hopes that FOMO won't start and bitcoins holders will never think of selling by now rather than to hold it.

Okay, Sorry i am a little uneducated in this as i have never tried to take or offer any such loans. Yet, if popular services are using even bitcoin as such a collateral then frankly, what is the point of crypto. I mean its understandable if they want to liquidate some alt-coins as collateral because their value is only related to latest pump and dumps.
 That is most definitely not the case with bitcoin. If someone offers fiat loans against bitcoin, they should simply keep them as collateral (Like banks do with immovable property) and liquidate only if the customer is unable to repay the interest or repay the principal amount. If you liquidate based on drop in fiat value, then that is just wrong. The service providers BTC stash isn't decreasing. Why would the loan takers agree to this. Also, does this even comply to any kind of lending/ banking standards??

It might happen that Bitcoin is taking another dive, because the price of Bitcoin which is very volatile makes it very difficult to predict.
There is a possibility that the price has jumped back to the price of all timpe high, this possibility is what awaited by Bitcoin investors.
But it is possible that the price of Bitcoin continues to fall, so we must be vigilant and be careful if indeed the price of Bitcoin has decreased.

This has happened before with Bitcoin so it is not an impossible thing to happen. The current Covid-19 virus has a small impact on bitcoin its true. However, it did not have such an effect that the price of Bitcoin could go down in a very short time. However, it is difficult to predict what will happen if the Covid-19 situation worsens.

Well like you said anything is possible so you never know where bitcoins price is heading but there is one scenario that I'd be praying does not happen that is steve mnuchin coming out with new regulations on bitcoin and cryptocurrency like he said he is working on doing now. No one knows when this is going to be released, but it could be a major issue for bitcoin when it is.

If this internet frauds persist I fear many will panic and switch from Bitcoin. It is a treat on the market and it's price..

Looking at the centralized sectors like the bank where the authority faces every lost in the bank, it is a different case in Bitcoin, the fraudulent acts keep coming and the victim(Bitcoin holder) is affected alone, thus more fear is created.

That is what we thought when Bitcoin was around $19k+ and yet it crashes to sub $4k.  Cryptocurrency market is very unpredictable, we all witnessed it so better to have a reserve and expect the worst than caught unaware.

Everyday, there is always a chance of Bitcoin taking another dive.  No matter how good the market is today, we don't know what it will be tomorrow.

I dont think pandemic had the effect that we had predicted. Most of the naysayers would have said that market is going to go down like anything but then it did dip a bit but backed up very soon. Now I dont think this can be attributed to the pandemic anymore. It was likely due to some other factor.

We have to understand that bitcoin is volatile, if you say so even though the market has been pretty stable for the last few months being above 9k USD and touching 10k this week.

Whether or not a dive down is possible is debatable at this time but if you ask me, I think it will go up a bit more and then dip. So if you are looking to buy bitcoin wait for the dip to happen.

Remember that patience is the key here. Hold you horses cowboys! ;D

The nature of this market is very volatile, things happened before and chances that it will do the same is very
possible you need to keep your backup plans.


With more traders and investors, the current rise are being supported by volumes so dumped in a short period 
of time have lesser chance.


It can also be the trigger point for new investors to jumped into this industry, as most of them are open
to work with every possibilities.

Risky. You never know when it is going to drop low. The price requires no excuse for it to drop or rise. Like you have seen, back in March the price drop quite badly within few hours, though most of the people blame the panic sellers who thought the price of bitcoin is also going to fall along with the stocks.
No one here can predict when the price will fall. $5,900 seems a bit too low, but you never know. So take necessary steps or prevention to secure your collateral.

With the above comments taken into account it seems that at this time BTC is securing 11K, now even if another trend was to hit it as part of market correction which some people expect to be happening soon there's little evidence in believing that it will go as low as 5k given that for the last 3 months or so it stabilised somewhere around 9k. Though one must take the necessary risks/precautions.

There is equal number of chances of that happening in a specific time period , it's not in the control of any authority , therefore anything can happen , that's the whole idea about decentralization , no one controls it and therefore no one can literally tell you what the next price is going to be.

I see you have taken a huge loss , I would recommend you to not count on Bitcoins dropping till 5900$ since right now we are seeing some positive signs therefore for a brief period of time when pandemic is right at our doorsteps and at the same time online transactions , online casinos , trading is sky high , right now the implications of Bitcoins are large so it dropping might be doubtful.

You have to wait .
It's more like a bet.
No one knows if it might or might not happen ~

To answer your question straight, at this point of time it is highly unlikely for bitcoin to drop back to $5900.
Bitcoin had been idle in the $9000 range and it had to show a change by a correction and the price is increasing now.
It is likely to increase in the upcoming days in my opinion because there is no such reason for bitcoin to dump any time soon.

In the Bitcoin market, anything can happen, it is difficult to give you a commercial advice because many times it depends on the criteria of each person, but I recommend that you learn to read the volume and shape of the Bitcoin graph to months, weeks, days, and there you can have a market perspective, everything is always a risk.

I recommend that you believe a little more, it is likely to go down, but just as it is likely to go down it can go up substantially, in fact it has been going up, but it is your money and in the end it is your decision.

Under 5% maybe?

The price broke the wall and now sitting at the price of $11K, if that continues to go up eventually it will fall and we will be seeing a stable price again in days. But I don't think it will be falling so low at $5.9K or lower than that. Maybe at $7 and $8 since after this the normal price might be at 10 or 11.

Thats too low mate for Nexo to expect before settling your loan, i don't think we will dive that low again after the bull we had recently.
actually the market is looking for Hype more and only correction is what we expect to adjust the price,either below 9k or atleast 8k is the lowest.
i think what best you can do is to make arrangement in Nexo to make adjustment towards your request because it will never settle if you will wait for the dive.

Remember that we are closing to Halving effect and this starts recently,now price are staying at 11k meaning only pump is what we are expecting.

I am eyeing for at least $15,000 before the year end after the correction.

It will dive again into 8k usd like it was before the pandemic spread it only moves within that bracket of $7k to $9k and dive too low when Pandemic happens and lockdown begun. If the price continue to rise about 15k usd or more, anytime within that can dive into 8k usd. Lower if another lockdown will happen in many countries at the same time. Its too volatile  to Guarantee that's we need to be updated since bitcoin prices depends on what is happening in the world and news of legalising it.

The possibility is high, we all know that every after sudden increase in price of bitcoin, especially if its jump is too quick to go up just the way it is right now, a dump is expected. Or if it continues to increase even further, its dive will also deeper than our expectation. It might reach your expected dive when that time comes or maybe around $6-$7k.

Feel sorry for you mate but chances  are?as of this moment and at least this whole year?there will never be  a 40% dropping until this year ,because we are heading to bull and no sign of bearish are coming.
i know that this is hard to accept but reality is mate,look how much bitcoin pricing now?how can you expect it fall to 5k level .the last surge last march is about the effect of corona virus and many had panic and whales take the advantage.
what are you pointing is correction but 7k?that is too far from reality mate.remember that this year halving happens and if  only this pandemic did not come?for sure we are mooning by now  so lets accept that there will be 40% drop off price.
maybe 8k level is high enough before the real bull starts to run.

Bitcoin is in good condition and th\e market is still in a fresh situation where in the market many have begun to come. Talking about possibilities in the bitcoin market, for prices under $ 6k it's possible but not in the near future. Because the market is currently good, where there is no static deep. Whatever it is better before acting, you must pay attention to all matters relating to what you will do.

Anything is possible with Bitcoin but this scenario?? Hmmm I'd say that there is around 5-10% chance that it will happen.

In order for Bitcoin to go below that price again, there must be a news again or any event that is as effective as the pandemic. Maybe a huge spike of cases or another virus pandemic can affect its price but I think that is almost impossible to happen. Still I see this is happening but with a relatively low chance. Right now we are in a bullish scenario and people are expecting further movement towards the upside in the upcoming weeks. I'm waiting it too but still ready for the worst because it can also happen.

Considering the nature of the Bitcoin market, there are possibilities that Bitcoin might drop but the question is that, will it drop to $5.9k ? Looking at how 2020 has been so far, I don't see bitcoin dropping to $5.9k. It is very possible that the market value of Bitcoin might drop in the range between $9k and $10k through the 2020.

A good sign that it will continue to stay there, and yes if this run will continue to
gain more supports from the investors,
it will soon break another barrier though it can also make some fall knowing that
this is the nature of this market.


For now, we can still see positive signs. There are also chances that conventional
traders are  here now, taking their opportunities
to divert their investment from stocks and now start filling their portfolios with bitcoin.
We ain't sure, but it can affect the sentiments of this industry.

I think there is less chances for another drive if Whales don't make it by forcing.
Because according to analysis and EMA bitcoin should go down for retest.

No, I do not think that the price of bitcoin can now drop to $ 5,900 and below. Of course, a price correction in the cryptocurrency market could happen very soon. There is information that whales are transferring their bitcoins to exchanges. This may mean that at any moment the bitcoins can start dumping and they will fall in price. However, there shouldn't be a big drop now. Too much expectation of market participants for a rise in the price of cryptocurrency.

The more time passes since the halving the more unlikely a fall to 5k range will become. Now we're still testing the waters, but what is happening now is a great indicator of a new bull market. The problem with TA based predictions for Bitcoin is that there are some external factors that can influence the price. Stocks and laws regarding Bitcoin in various countries are just 2 of those factors. You can have the greatest bullish setup and then Bitcoin gets banned in a few couyntries and that setup will turn into nothing.

But the situation is far different comparing in 2017 and  now 2020,remember  that when the  price is  $19,000 that is the time when the halving effect is subsiding and people are getting their investments before if totally fall down.

but now?we are just waiting for the Bull so if there might be others that wanted sell off still majority are keeping their money inside holding.
What i am looking soon will happen is Correction  and that will be dropping the price bellow $9,000
but that is the lowest i think,and will not fall to that low of 5,900

so that dive?actually not really dive but correction.IMO

This is a serious problem, most of the BTC compilation is expensive on the market. Regarding the wind in the ears of his audience and there has never been a bad effect on the market. but still, they have to keep their mouths shut or someone wants to. They cannot speak ill of bitcoin in public without their knowledge. We know that bitcoin is usually involved in many fraudulent or illegal activities. It's very difficult to change the majority's mindset about bitcoin when everything they hear and see on the news is negative.

That's for sure. The more time passes from the date of the division of bitcoin in half, the less likely it is that the price of bitcoin may fall to the lowest possible values. A correction is, of course, possible, this is a normal growth process in the cryptocurrency market.
Over the past hour, the price of bitcoin has dropped from $ 11,938 to $ 11,303. Is it just another wave or is it the beginning of a price correction?

Based on my analysis the possibility of Bitcoin falling below $ 5900 is very small, especially considering that
the market is getting healthier. Right now Bitcoin is already above $ 11,000 so it's too far if it goes down
below $ 5900. You don't need to worry, although Bitcoin is volatile but it needs bad news to make the price of
Bitcoin fall that far.

It's definitely a correction, but while a correction in a bear market takes the price back up and then falls lower, a correction in a bull market takes us back down to finally push the price even higher. If we manage to stay above 10k for another couple weeks we will come back up to attack 12k resistance again.

I can say that the price will not fall that much. Though there is a chance that it will fall but that fall.will not be that big to be called a dive. Obviously there will be some that would sell and while the price fell slowly, some will reinvest and might stick to prices between $8000 to $10K

     Honestly, when it comes to bitcoins or any other crypto currency in this industry, nothing ever really surprises me that much anymore time has proven a lot of times that things that may seem not possible can really do happen and it can do so in just a few hours or overnight. Which is why in regards to possibilities in bitcoins or any other altcoin out there, I really take them all into consideration and not rule them out. May be a bit more tedious but as what you can see, it never hurts to be too careful when it comes to your funds in this industry.

That is what high volatility for you.  Bitcoin prices can dive in an instant and recover as fast as it crashes.  We have seen this kind of scenario too many times and yet we have seen people asking if there is a possibility for Bitcoin price to crash.  There is always a possibility for BTC price to crash but fear not because BTC market have the property of rebounding to new heights.

Hello to all. This is the cryptocurrency market - everything can be here. But as long as the price of bitcoin is at the level of $ 11,000, it is difficult to talk about it. Look at the chart of price movement on the daily timeframe and you will understand that the price moves in a sinusoidal manner, and unfortunately, I am sure that the price will definitely fall to the area of $ 6,000 - the crypto market is one huge manipulation. Here, at any moment, the price can go so that in an instant you either get rich or go broke.