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I don't think it will crash, know why?
Every time the price drops tons of people will be buying forcing it to go back up.
Until someone or a lot of top people go running away(which could happen regardless) no one is going to think bitcoin is going anywhere.
As long as a supply exists demand will exist.
Every time the price drops tons of people will be buying forcing it to go back up.
Until someone or a lot of top people go running away(which could happen regardless) no one is going to think bitcoin is going anywhere.
As long as a supply exists demand will exist.
You mean as long as demand exists supply will exist?
yea when the demand is built on mining, the demand can disappear overnight. i think its a supply issue, the network has been minting coins too fast to the supply is overloading the market, when u see hash rate fall back to pre-may21st area thats the sign the most the weak hands will be out of the market. the quick buck guys will come and go, just like any major bull market. I'm thinking bitcoin price could be under pressure into september, much like the global economy will be.
