What will actually happen if bitcoin price continue to drop?

[$anounimus$]

that will happen with market conditions when prices always fall and collapse I am sure there will be a lot of people who panic and eventually get a loss because many are panicking and selling the cryptocurrency they have at a very cheap price I'm sure many will go bankrupt.

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[FruitSprite]

If it happen for a long time , investor will lose their hopes as well as it Bitcoin will lose its popularity. But, It will never happen. Very soon, This price will increase.Most of the analyser expecting it.

[DimBug]

Two major things will happen, Lose of popularity, Lack of investor for future. From the beginning of this year, price still lowering month after month , though analyser predicting it soar up of price.

[PoliteHyena]

It is just fluctuations of market current price. Last day i got a update that Bitcoin price has fallen for another time.If continuously Its price fall, people will lost their hope, trader expressed their unwill to invest.In a word Bitcoin will lose its reliability.

[chuyengia2244]

Two major things will happen, Lose of popularity, Lack of investor for future. From the beginning of this year, price still lowering month after month , though analyser predicting it soar up of price.

More one major thing will happen, the miners will strike if the price continues to drop. Analysts have made predictions later this year so wait a few months to see the accuracy of their predictions.

[PickwickRock]

I will not go into the argument of whether the price will keep falling or start recovering again because I cannot see the future and making a prediction in this volatile market will only make me look foolish here. However, a greater slump in price will affect everyone who is a stakeholder of Bitcoin, the ecosystem is designed that way.

[tradcoin]

It will be huge loss for them who are holding it for long time and expecting better return. There is still some threats and obstacle but I believe it will not be a continuous fall. I think it will be recover soon.

[Rosyanroid]

Everything's value goes up and down. Bitcoin is also the same so it is very unikely that it's price will only go down. Even if that happens, everyone related to bitcoin will get hampered in some ways. But, I think investors will be affected th worse.

[kayakcrypto9875]

It will actually never happen that bitcoin's price will always fall because bitcoin is the future. If bitcoin's price continue to fall investors will effect mostly.

[ce7mee]

I think bitcoin's price will not always fall. As you can see, the price has again started to rise up again. Falling and rising it's nature. It will not happen but if bitcoin's price only falls then everyone related to it will get effected somehow.

[RottenSteel]

The cost can't drop everlastingly, somebody will endeavor to influence the cost to go up on the grounds that on the off chance that they don't, everybody who has purchased bitcoin anytime will go into a major misfortune. Excavators won't be the primary group that'd get influenced, the speculators would be the fundamental group clearly.

[jfelix]

If bitcoin price continues to drop more will search for jobs at McDonalds

[doraemon_33766]

It's a blend of everything. Bitcoin's value crashes, a few people will frenzy and a few people will be amped up for the low costs. There's no real way to know which sort of individual is bigger in number. Hope this will not be continued.

[jefrystar]

Obviously, it influences all particularly those individuals who hold in the meantime it additionally influences the purchaser's choice to purchase in light of the fact that there is a lower cost since it is a decent opportunity to purchase on a plunge.

[Mytoken]

As long as the price of Bitcoin does not fall below $5500, the miners are still profitable, so I think buyers are most affected by the drop in bitcoin prices!

[jatin729]

Price drop will lead to panic selling in the market and people gets demotivated about cryptocurrency. Maybe new investors will be started get away from investment in crypto , they may be gone to some other centralized investment such as stock market or other like forex. as forex market in similar like crypto now a days USD price will rise like beast.

[munify]

If bitcoin continues to fall and become very low, it will be an opportunity to buy cheaper, and that can be a way to get big profits in the future.

[slyfox]

There is a limit to the price that bitcoin can drop, at some point the price is going to be so cheap that people with a lot of money like whales will take advantage of those prices and will buy those coins and then the price will go up again, many people are predicting that the price is going to keep going down up to zero but that is not going to happen because bitcoin is still very useful, you just need to ask the people that live in countries that are facing difficult times.

[Welinigh]

Honestly, I don't think the price is going to fall further but we cannot really eliminate any possibility in crypto market. So, if the price keeps falling I think the miners will get affected the most. I have heard from my miner friends that the total cost of mining a Bitcoin is nearly 6,000$ now. So, once the price goes below that point, it will be very difficult for them to continue mining and getting profit out of that.

[gabmen]

Honestly, I don't think the price is going to fall further but we cannot really eliminate any possibility in crypto market. So, if the price keeps falling I think the miners will get affected the most. I have heard from my miner friends that the total cost of mining a Bitcoin is nearly 6,000$ now. So, once the price goes below that point, it will be very difficult for them to continue mining and getting profit out of that.

Well it's the miners that suffer really more than traders when the price plummets and there are those that would think about shifting to mining other coins that'll cost less. But i think they also understand that this won't go on forever and eventually the value will recover.