Hey guys, i think bitcoin will go down again to 1k usd below because it always crashes.
There is no way that the price of bitcoin is going below thousand dollars, i will be surprised if the price goes below $4800, unless all the whales wants to dump their coins, which is highly unlikely.
1. Bitcoin has already made its first impression and its bad and it will stay like it forever
its just a pump and dump coin which is not a real currency that's why it is considered an Asset and not a currency
I do consider bitcoin as a currency and there might be many pump and dump coins but bitcoin is not in that category, it is highly volatile as it goes in both direction in a short period of time.
2. Blockchain Technology is good and it came from Bitcoin along with But it is not enough reason why bitcoin and other crypto should moon
Its a great idea actually but there are so many scams and very little adoptation and please don't tell me that crypto is still young. its been here since 2009 it has already proven itself
If there are many scams in the market it is not problem of the entire market, bad players exist in every market and regulation and heavy fines will sort these issues.
3. Majority of the projects are just pump and dump
we really need a working product and not just a good idea
If you are talking about bitcoin you should talk about that rather than alt coins and everyone knows that most of the coins we now see wont survive five years from now. It does not mean that bitcoin is bad. If you have any other argument we can discuss.