hey everyone, its bitcoin dumping time again and i was really glad to sell around 650 euro for the first time almost catching the highs!
im around for quite a while since bitcoin was 80euro, missed the 1k train and now got out at a good rate. actually im still convinced that the price will shoot up again! lets so brexit, lets see halving. since i want to buy back quite soon id love to hear your opinion:
how low can it go? (stamp)
I think it not dump more than $500. At this time the price of bitcoin is high and it is the first time that will happen and I think if it will down it not too much than we expect.
Since bitcoin is a trusted coin used by others as of now, many want to use it for investing, trading, gambling and mining so it increase and increase because of the investor they want to get also a profit.
But we're not sure about the future of bitcoin that have no assurance to guarantee our expectations. But I'm sure at this time it very helpful to us because of the price($1,500).
Yes we can not predict the future of the Bitcoin, it may give us big profit, or it will fall again. But at this time it is a good profit for those who hold coins and making bitcoins from any other work. The price already crossed 1500 it is hitting to 1600 let's see where it will go and stable or it will fall down.
Thr important thing is you keep uour bitcoin in your respective wallet and not in the exchange because if bitcoin continuous to increase its value i thnk more exchange will go bankrupt and worst scenario will turn it to scam.
I think bitcoin value will cross $2k at mid of the year and $2500 before this year will ends.
But somebody has to trade on these exchanges. If everybody withdraw their money into their local wallets, how are we going to name a price to our bitcoins? Trading volume will also drop and that will result in a price drop instead of a price rise.
Like it or not, it is the exchanges who name the bitcoin's price, not us and bitcoin can't survive without the exchanges. Exchanges are acting like central banks of bitcoin. It is sad but this is just another deficit of bitcoin.
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