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Author Topic: What will be the possible outcome if bitcoin still continue to depreciate?  (Read 603 times)
lelylely
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December 15, 2018, 05:20:44 PM
 #41

This decrease makes the holder become depressed and thinks that holding bitcoin will only make the loss worse. In decline we need to be patient and stay calm, and for the next few months bitcoin will recover.

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December 16, 2018, 05:55:42 PM
 #42

That will be a question if what will happen if bitcoin continue its fall of price? What will be the impact to the investors and traders?
The price cannot fall forever at some point those that have money like the whales will decide that it is enough and they will begin to buy bitcoin once again, we do not know what price they are looking for but it cannot be much lower than what we are already seeing as most of those that wanted to sell their coins probably already did it and there are not huge numbers of them anymore in the market.

I agree with you there dude. At some point, the trend will reverse. Though it's not something that would continuously propel us back to a new ath. I don't believe we'll have  ath soon. But definitely once the bottom is hit recovery may be swift especially if it bottoms out at a very low price.
Another all time high is not going to happen soon, it will probably take a few years before the price of bitcoin reaches similar levels again but a recovery that at least bring us back to the previous levels of 6000 dollars for each coin should probably happen during the next year and even if that does not seem like a lot that means that those that buy now could easily double their money in a year.

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December 17, 2018, 09:47:46 AM
 #43

That will be a question if what will happen if bitcoin continue its fall of price? What will be the impact to the investors and traders?

In the next few weeks/months if bitcoin does break the $3k support level, a lot of TA has shown that there is a lack of support below that level until around $1k. I personally don't think that is accurate in terms of bitcoin crashing down that fiercely in such a short period of time, but it could definitely spark a round of panic dumping as people capitulate within the market.

I guess this only affects traders, as panic dumping is really in the context of the short term.

But in the long run, it doesn't really affect how bitcoin technology is being adopted, used, and accepted globally. Price volatility in the short term shouldn't dictate the long term mechanisms and the fundamentals of bitcoin at all. It's the reason why long term holders should not be worried whatsoever, even if BTC continued to depreciate. All they should be worried about is whether accumulating further is within their means or not.

Smiley
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