What Could Make Bitcoin Drop To $5?

[Wexlike]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

I think that only one thing could make Bitcoin's price fall so low and it is simply the invention of a newer, better technology than blockchain. I think that this will not happen for many years, but with such rapid technological development it will certainly happen sometime. Just as financial markets will now adopt Blockchain, so will Blockchain in the future be replaced by newer technology. It is simply progress of civilization.

I don't think so that would be possible to happen it's been ten years already and we still haven't seen a newer version that would compete Bitcoin. Some of them have tried but they were not too close to compete with Bitcoin since most of them turned into another altcoins just like what happened to BCH and BSV.

Well, it is always the problem of sacrificing one pillar to gain something on the other one. Either you sacrifice decentralisation and get more throughput, or you go all the way for decentralisation with 1 MB blocks. You can even see how bad the adoption of all these different Bitcoin forks is.

I just thank Bitcoin Jesus quite a lot for my 16% Bitcoin bonus when selling his fork.

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[Naficopa]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

I think that only one thing could make Bitcoin's price fall so low and it is simply the invention of a newer, better technology than blockchain. I think that this will not happen for many years, but with such rapid technological development it will certainly happen sometime. Just as financial markets will now adopt Blockchain, so will Blockchain in the future be replaced by newer technology. It is simply progress of civilization.

I don't think so that would be possible to happen it's been ten years already and we still haven't seen a newer version that would compete Bitcoin. Some of them have tried but they were not too close to compete with Bitcoin since most of them turned into another altcoins just like what happened to BCH and BSV.

BCH and BSV thats are only forked coins, so just ordinary copies and nothing more.

There are coins that have different, maybe even better technology than Bitcoin (for example, Monero in terms of anonymity), but they are not recognizable and popular enough to threaten the dominant position of the king.

However, I talked about the fact that only a completely new technology - better than Blockchain,  can make the price of Bitcoin fall to $5.

[NewRanger]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

I think that only one thing could make Bitcoin's price fall so low and it is simply the invention of a newer, better technology than blockchain. I think that this will not happen for many years, but with such rapid technological development it will certainly happen sometime. Just as financial markets will now adopt Blockchain, so will Blockchain in the future be replaced by newer technology. It is simply progress of civilization.

I don't think so that would be possible to happen it's been ten years already and we still haven't seen a newer version that would compete Bitcoin. Some of them have tried but they were not too close to compete with Bitcoin since most of them turned into another altcoins just like what happened to BCH and BSV.

BCH and BSV thats are only forked coins, so just ordinary copies and nothing more.

There are coins that have different, maybe even better technology than Bitcoin (for example, Monero in terms of anonymity), but they are not recognizable and popular enough to threaten the dominant position of the king.

However, I talked about the fact that only a completely new technology - better than Blockchain,  can make the price of Bitcoin fall to $5.

although occur new coins that better than bitcoin , i am not sure it could make bitcoin price drop alot. Except if no more traders and investor that buying bitcoin and other cryptocurrency , it could happen. Or in another word crypto start dying and get no trust anymore from investors. And i am agree with this statement that said bch and bsv only supercopy from bitcoin. There is nothing special from these coins.

[andycarrol]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

I think that only one thing could make Bitcoin's price fall so low and it is simply the invention of a newer, better technology than blockchain. I think that this will not happen for many years, but with such rapid technological development it will certainly happen sometime. Just as financial markets will now adopt Blockchain, so will Blockchain in the future be replaced by newer technology. It is simply progress of civilization.

I don't think so that would be possible to happen it's been ten years already and we still haven't seen a newer version that would compete Bitcoin. Some of them have tried but they were not too close to compete with Bitcoin since most of them turned into another altcoins just like what happened to BCH and BSV.

BCH and BSV thats are only forked coins, so just ordinary copies and nothing more.

There are coins that have different, maybe even better technology than Bitcoin (for example, Monero in terms of anonymity), but they are not recognizable and popular enough to threaten the dominant position of the king.

However, I talked about the fact that only a completely new technology - better than Blockchain,  can make the price of Bitcoin fall to $5.

although occur new coins that better than bitcoin , i am not sure it could make bitcoin price drop alot. Except if no more traders and investor that buying bitcoin and other cryptocurrency , it could happen. Or in another word crypto start dying and get no trust anymore from investors. And i am agree with this statement that said bch and bsv only supercopy from bitcoin. There is nothing special from these coins.

many people are interested in blockchain technology, even in my country blockchain was developed to be implemented on several platforms. while bitcoin is the first and most popular digital currency, so in my opinion, no other coin is able to shift the price of bitcoin but true, if there is new technology better than blockchain, bitcoin can drop.

[andycarrol]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

if you say maybe it's very impossible to be able to fall into that price but if it really happens I will feel happy or even I will buy it up by buying 20 bitcoin if it happens many also some investors will bring bitcoin bro..

Are you sure you still want to buy when the price of bitcoin falls to $5? if that happens I think bitcoin is already broken. that means investors have already thrown away bitcoin, so how is it that there are still many people who hope again when it has fallen.

it's just a simulation or if and if it is proven I will buy it no matter what the future will be? what is clear is that we are planting rice when it is time to harvest.. so I think some investors think the same as me 

I know it's only a simulation, but if it happens. why you have to buy a lot when the value is destroyed, you can imagine why people throw away bitcoin, for example from the price of $50k then to $5. what do you think about investors? I think when there are still many people who want to buy, this is just gambling, will there be a spike or increasingly worthless.

[minersday]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

Considering the crypto market and the bitcoin market to be specific, it is gonna be very difficult to point out any specific thing that can cause the crash of the price of Bitcoin to $5. The only thing I can think of making bitcoin crash to $5 is the crash of blockchain technology.  Blockchain technology is the only thing that can cause the value of bitcoin to drop to $0.  If blockchain technology becomes irrelevant to the entire world, bitcoin might crash so hard.

[G_Besar]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

if you say maybe it's very impossible to be able to fall into that price but if it really happens I will feel happy or even I will buy it up by buying 20 bitcoin if it happens many also some investors will bring bitcoin bro..

Are you sure you still want to buy when the price of bitcoin falls to $5? if that happens I think bitcoin is already broken. that means investors have already thrown away bitcoin, so how is it that there are still many people who hope again when it has fallen.

it's just a simulation or if and if it is proven I will buy it no matter what the future will be? what is clear is that we are planting rice when it is time to harvest.. so I think some investors think the same as me 

I know it's only a simulation, but if it happens. why you have to buy a lot when the value is destroyed, you can imagine why people throw away bitcoin, for example from the price of $50k then to $5. what do you think about investors? I think when there are still many people who want to buy, this is just gambling, will there be a spike or increasingly worthless.

why do I dare to buy it, because now I still hold bitcoin and will hold it until the time comes when the time comes I will sell it and when I'm already lucky there's nothing wrong when bitcoin falls to a low price and I just buy it as if I donate to plant it  again  about investors not all have the same thought indeed they know about it and I also believe that not so many people who want to buy it when the price falls dramatically later  so I just simulated it all is not certain, and many of everyone is waiting  the magic of bitcoin someday?  so we can see later when bitcoin falls drastically whether there are those who want to buy or not and I just think that falling bitcoin doesn't go smoothly but it can just walk like gold 

[topbitcoin]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

if you say maybe it's very impossible to be able to fall into that price but if it really happens I will feel happy or even I will buy it up by buying 20 bitcoin if it happens many also some investors will bring bitcoin bro..

Are you sure you still want to buy when the price of bitcoin falls to $5? if that happens I think bitcoin is already broken. that means investors have already thrown away bitcoin, so how is it that there are still many people who hope again when it has fallen.

it's just a simulation or if and if it is proven I will buy it no matter what the future will be? what is clear is that we are planting rice when it is time to harvest.. so I think some investors think the same as me 

I know it's only a simulation, but if it happens. why you have to buy a lot when the value is destroyed, you can imagine why people throw away bitcoin, for example from the price of $50k then to $5. what do you think about investors? I think when there are still many people who want to buy, this is just gambling, will there be a spike or increasingly worthless.

why do I dare to buy it, because now I still hold bitcoin and will hold it until the time comes when the time comes I will sell it and when I'm already lucky there's nothing wrong when bitcoin falls to a low price and I just buy it as if I donate to plant it  again  about investors not all have the same thought indeed they know about it and I also believe that not so many people who want to buy it when the price falls dramatically later  so I just simulated it all is not certain, and many of everyone is waiting  the magic of bitcoin someday?  so we can see later when bitcoin falls drastically whether there are those who want to buy or not and I just think that falling bitcoin doesn't go smoothly but it can just walk like gold 

I think will respect on your choice. In investment, anything that might be happen, we must be prepared for it. If bitcoin go to $5 and there are some people still want to buy it, it is their choice. Profit or lose, who already bought it in any price must be ready to accept it.

[andycarrol]

why do I dare to buy it, because now I still hold bitcoin and will hold it until the time comes when the time comes I will sell it and when I'm already lucky there's nothing wrong when bitcoin falls to a low price and I just buy it as if I donate to plant it  again  about investors not all have the same thought indeed they know about it and I also believe that not so many people who want to buy it when the price falls dramatically later  so I just simulated it all is not certain, and many of everyone is waiting  the magic of bitcoin someday?  so we can see later when bitcoin falls drastically whether there are those who want to buy or not and I just think that falling bitcoin doesn't go smoothly but it can just walk like gold 

I think will respect on your choice. In investment, anything that might be happen, we must be prepared for it. If bitcoin go to $5 and there are some people still want to buy it, it is their choice. Profit or lose, who already bought it in any price must be ready to accept it.

hold bitcoin for now is certainly realistic, because bitcoin is still in good condition, and even many people have big expectations in 2020-2021 bitcoin can still increase higher.
but if bitcoin drops to $5 drastically it's really in bad condition. of course, I do not prohibit any choice, it all depends on each. here I am only talking realistically. because of course whatever happens in the future, we will never know.

[LargoCoin Foundation]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

Closing of all exchanges with fiat gateways could. Easy. No fiat liquidity, no way to exchange BTC for fiat money, no way to spend it, no desire to hold it.

[Visbay]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

if you say maybe it's very impossible to be able to fall into that price but if it really happens I will feel happy or even I will buy it up by buying 20 bitcoin if it happens many also some investors will bring bitcoin bro..

Are you sure you still want to buy when the price of bitcoin falls to $5? if that happens I think bitcoin is already broken. that means investors have already thrown away bitcoin, so how is it that there are still many people who hope again when it has fallen.

it's just a simulation or if and if it is proven I will buy it no matter what the future will be? what is clear is that we are planting rice when it is time to harvest.. so I think some investors think the same as me 

Indeed buying at wrong time will be only lose as when it’s time to buy you should only buy and when time to sell then you can sell but it’s actually our patience is the most important thing we should use to earn from it as if we all will sell it when the price is not suitable for it then we will only make lose and panic selling reduce the value of the coin but I never expect this much fall from bitcoin.

[G_Besar]

why do I dare to buy it, because now I still hold bitcoin and will hold it until the time comes when the time comes I will sell it and when I'm already lucky there's nothing wrong when bitcoin falls to a low price and I just buy it as if I donate to plant it  again  about investors not all have the same thought indeed they know about it and I also believe that not so many people who want to buy it when the price falls dramatically later  so I just simulated it all is not certain, and many of everyone is waiting  the magic of bitcoin someday?  so we can see later when bitcoin falls drastically whether there are those who want to buy or not and I just think that falling bitcoin doesn't go smoothly but it can just walk like gold 

I think will respect on your choice. In investment, anything that might be happen, we must be prepared for it. If bitcoin go to $5 and there are some people still want to buy it, it is their choice. Profit or lose, who already bought it in any price must be ready to accept it.

hold bitcoin for now is certainly realistic, because bitcoin is still in good condition, and even many people have big expectations in 2020-2021 bitcoin can still increase higher.
but if bitcoin drops to $5 drastically it's really in bad condition. of course, I do not prohibit any choice, it all depends on each. here I am only talking realistically. because of course whatever happens in the future, we will never know.

indeed like that we know many people who predict the price of bitcoin next year but don't expect too much for it because we will never know to what number bitcoin will surge, just a suggestion when waiting for that moment I still play for the short term take little profit especially at this time the price of bitcoin is still enjoyable to play in the short term. I think we will be thinking realistically because it's true what you say we will never know in the future so, for now we take the moment profit cheers 

[andycarrol]

why do I dare to buy it, because now I still hold bitcoin and will hold it until the time comes when the time comes I will sell it and when I'm already lucky there's nothing wrong when bitcoin falls to a low price and I just buy it as if I donate to plant it  again  about investors not all have the same thought indeed they know about it and I also believe that not so many people who want to buy it when the price falls dramatically later  so I just simulated it all is not certain, and many of everyone is waiting  the magic of bitcoin someday?  so we can see later when bitcoin falls drastically whether there are those who want to buy or not and I just think that falling bitcoin doesn't go smoothly but it can just walk like gold 

I think will respect on your choice. In investment, anything that might be happen, we must be prepared for it. If bitcoin go to $5 and there are some people still want to buy it, it is their choice. Profit or lose, who already bought it in any price must be ready to accept it.

hold bitcoin for now is certainly realistic, because bitcoin is still in good condition, and even many people have big expectations in 2020-2021 bitcoin can still increase higher.
but if bitcoin drops to $5 drastically it's really in bad condition. of course, I do not prohibit any choice, it all depends on each. here I am only talking realistically. because of course whatever happens in the future, we will never know.

indeed like that we know many people who predict the price of bitcoin next year but don't expect too much for it because we will never know to what number bitcoin will surge, just a suggestion when waiting for that moment I still play for the short term take little profit especially at this time the price of bitcoin is still enjoyable to play in the short term. I think we will be thinking realistically because it's true what you say we will never know in the future so, for now we take the moment profit cheers 

if you are good at analyzing short term movements like when in and out, it's really good to take advantage of fluctuations in the price of bitcoin. it's good for increasing your bitcoin growth while waiting for next year. but I'm a little difficult for that, so it's likely I will collect and buy when it will fall again.

[wxa7115]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

I think that only one thing could make Bitcoin's price fall so low and it is simply the invention of a newer, better technology than blockchain. I think that this will not happen for many years, but with such rapid technological development it will certainly happen sometime. Just as financial markets will now adopt Blockchain, so will Blockchain in the future be replaced by newer technology. It is simply progress of civilization.

And even a better technology does not mean that bitcoin will go that low in value, for example if the technology that surpassed the blockchain was closed source then many in this market will not exchange their bitcoins for that new coin since they will have doubts about the intentions of those behind the technology or if there are secret backdoors that allows them to do whatever they want.

And if that was not enough the advantage that bitcoin has over every competitor gets larger every year so if such technology does not appear soon by the time it does it could be too late and bitcoin will be too big too fail and to replace.

[royalfestus]

all those factors stated in the thread that can dump its prices have little to no possibilities. Bitcoin does not have a governing system but have the strongest community, the community is also the wealthiest and largest. All the technical factors are deficient , except politics. I cant imagine Trump coming against bitcoin today to pull it down, if he does then its over. It is not coming to $5 but 0

[SirLancelot]

I doubt there is anything left. Mainstream media tried everything in their power to make it go away but bitcoin is not going away. Why did media wanted it go away? Because, there are a lot of rich people who own the media and they didn't wanted bitcoin to succeed because if bitcoin did they would lose a lot of money so they spent all their effort and power to belittle bitcoin but they failed because nobody cared about mainstream media when they could simply just make money and profit. That is what matters to people, their own personal money.

You think there is a political thing that is wrong in your country? Tell people to spend their own money to keep it going and they will say no and that thing will soon be gone because nobody believes in anything as much as their own money.

[Wexlike]

I doubt there is anything left. Mainstream media tried everything in their power to make it go away but bitcoin is not going away. Why did media wanted it go away? Because, there are a lot of rich people who own the media and they didn't wanted bitcoin to succeed because if bitcoin did they would lose a lot of money so they spent all their effort and power to belittle bitcoin but they failed because nobody cared about mainstream media when they could simply just make money and profit. That is what matters to people, their own personal money.

You think there is a political thing that is wrong in your country? Tell people to spend their own money to keep it going and they will say no and that thing will soon be gone because nobody believes in anything as much as their own money.

I'm definitely sure that the media is not that homogenous as you make it to be. Even the mainstream has many press releases with a bullish background when it comes to crypto currencies.

[carlfebz2]

I doubt there is anything left. Mainstream media tried everything in their power to make it go away but bitcoin is not going away. Why did media wanted it go away? Because, there are a lot of rich people who own the media and they didn't wanted bitcoin to succeed because if bitcoin did they would lose a lot of money so they spent all their effort and power to belittle bitcoin but they failed because nobody cared about mainstream media when they could simply just make money and profit. That is what matters to people, their own personal money.

You think there is a political thing that is wrong in your country? Tell people to spend their own money to keep it going and they will say no and that thing will soon be gone because nobody believes in anything as much as their own money.

I'm definitely sure that the media is not that homogenous as you make it to be. Even the mainstream has many press releases with a bullish background when it comes to crypto currencies.

We cant deny that media would really have a big impact when it comes to things yet they can somehow alter informations either it would be negative nor positive.

but we know on how media been attacking bitcoin most of the time.I can even count on how many are only the positive ones and mostly they are on the opposite but as said
they arent that homogenous to make such big effect or shall we say on making bitcoins price supressed that too low.

[G_Besar]

why do I dare to buy it, because now I still hold bitcoin and will hold it until the time comes when the time comes I will sell it and when I'm already lucky there's nothing wrong when bitcoin falls to a low price and I just buy it as if I donate to plant it  again   about investors not all have the same thought indeed they know about it and I also believe that not so many people who want to buy it when the price falls dramatically later   so I just simulated it all is not certain, and many of everyone is waiting  the magic of bitcoin someday?  so we can see later when bitcoin falls drastically whether there are those who want to buy or not and I just think that falling bitcoin doesn't go smoothly but it can just walk like gold  

I think will respect on your choice. In investment, anything that might be happen, we must be prepared for it. If bitcoin go to $5 and there are some people still want to buy it, it is their choice. Profit or lose, who already bought it in any price must be ready to accept it.

hold bitcoin for now is certainly realistic, because bitcoin is still in good condition, and even many people have big expectations in 2020-2021 bitcoin can still increase higher.
but if bitcoin drops to $5 drastically it's really in bad condition. of course, I do not prohibit any choice, it all depends on each. here I am only talking realistically. because of course whatever happens in the future, we will never know.

indeed like that we know many people who predict the price of bitcoin next year but don't expect too much for it because we will never know to what number bitcoin will surge, just a suggestion when waiting for that moment I still play for the short term take little profit especially at this time the price of bitcoin is still enjoyable to play in the short term. I think we will be thinking realistically because it's true what you say we will never know in the future so, for now we take the moment profit cheers  

if you are good at analyzing short term movements like when in and out, it's really good to take advantage of fluctuations in the price of bitcoin. it's good for increasing your bitcoin growth while waiting for next year. but I'm a little difficult for that, so it's likely I will collect and buy when it will fall again.

if you want to buy and collect it back maybe right now, a week I see the movement can only last $8,000 and now $7390 I think this is the right time for us to be able to invest it in the future even if there is still hope to fall again. I'm still waiting and  pay attention to the right price when I want to buy it for short-term play.

[andycarrol]

if you are good at analyzing short term movements like when in and out, it's really good to take advantage of fluctuations in the price of bitcoin. it's good for increasing your bitcoin growth while waiting for next year. but I'm a little difficult for that, so it's likely I will collect and buy when it will fall again.

if you want to buy and collect it back maybe right now, a week I see the movement can only last $8,000 and now $7390 I think this is the right time for us to be able to invest it in the future even if there is still hope to fall again. I'm still waiting and  pay attention to the right price when I want to buy it for short-term play.

I don't think this is the right time to buy, I see some of the analysis says can go down below $7000, so it's better to wait for it than I buy now. if you want to play short term it should be good to touch 7000, because every drop there will be the bounce of a price.