VYB_POBSTREET 14-1-2022 #44: Is it impossible for Bitcoin to fall below $5000 or still possible?

in #vyb3 years ago

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TODAY'S DISCUSSION


Can situation still make bitcoin fall below 5000 dollars?

  • with the way crypto has grown over the last 13 years and adopted by many people of about 4% population of the world population
    I and my friend had an argument about this issue of the possibility of Bitcoin falling below $5000 whether it's impossible or not.
    So with the way crypto is ruling money right now and with it use case can situation still make bitcoin fall below 5000 dollars?

topic from @iyiade

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Only one thing can cause btc to fall below $5k.
World war or internet crash😂😂
We can never experience btc so low again

Btc can't stay in $18,000 for a week if it falls to that level.
The presence of many crypto and thier usecase has been a support for btc

We always hope for the positive rewards in the crypto world and I believe $5000 and below is a way to low to experience again, though in crypto anything is possible but we just hope for progress each day to see it pump in price.

This is the wish of crypto holders.
People like me wants btc to fall to buy more of the dip

Then after your wish is been granted what next follows it

I love cryptocurrency making its decision whether fall or rise but I hate it being stagnant at the middle.

Because if it falls I will buy dip,if it rise I will take profit but waiting at the middle makes me fear because if I buy it might falls more and if I sell it might moon

Seriously.

At the middle of trend is always very risky. Giving traders different decisions

What not and let.me say despite it dominance in the crypto Market, anything can still happen,but I just don't see this coming any time from now.

But I sincerely hope it continues to gain more ground rather than pulling back to the dip level

Only a war can cause this clash but this is impossible.
Btc is in the hands of Nations and not ordinary people who are investing and taking profit

The rate at which powerful ones are buying crypto is something else.
Its💯 gonna be the next power

But I really don't like how it is going to the powerful ones because it will be easy to be manipulated by them

No matter how the powerful ones hold btc it won't work that way.
The powerful ones won't live forever and btc is decentralized

They help cryptocurrency beyong money but create au usecase like socialmedia,gaming,nft and many usecase that won't make people sell evn though in the dip

Playtoearn and defi played the biggest role.
People earn in the dip and continue to play game in dips

I believe so much in cryptocurrency. Btc will still reach over $100,000 this year trust me

I learnt this last year my faith in Bitcoin and entering hundred thousand dollars before the end of last year was high but I discovered that crypto is not predictable anything can happen

Nft defi and p2e has played a major role in locking people money in cepyor space hereby increasing cepyor market cap

Playtoearn defi has unlocked the t
Act of earning with crytpo and playtoearn have crypto a new phase of having fun.
Crypto is everything

There is an issue with playtoearn.
There is never a balance between investors and game player this is why playtoearn has not gone beyond this level

The statement of Putin Russia president has made btc fall so much.
There are many situation that still make btc fall to $5k even though it won't last long

No doubt
We can never see btc at $5000 anymore.
More utility are coming into crypto space that everyone won't sell because they will use it beyond investment and spending

Is it possible for Bitcoin to fall below $5000, YES. How likely can this happen , NOT VERY LIKELY.
One thing we should understand is the fact that Bitcoin has gotten to a state where a drop to $5k is not likely. The adoption is much and the use cases are springing up, but the fact remains that crypto is volatile and economic challenges can crumble the Bitcoin Market down to $5000 .

Yeah. But the fact is that it is possible

War might promote btc because they won't be chance for physical transaction.

The presence of war will make btc more active.
The production of Fiat would be more because war causes loss of money and people would because of that run to btc

I want to agree with you,but to me on the other side it is highly unlike as the chance of having it back at that level to me is very slim

I believe I stated that. It is possible but very unlikely

Depending on the market strategy and level of the users.

Btc has gone to some hands that are ready to hold forever.
Elsavaldor microstrategy are example.
If btc falls they buy if it rise they buy they keep buying and buying btc

Even ethereum can't fall below $100 billion market cap not to talk of btc

Which one do you prefer in hive Curation system
proofofwork or proofofstake?

Proofofstake Curation system makes one with a huge curation power to take more percentage that the one who wrote the content.
And proof of work is vice versa

Which one is meant to be for hive or vyb tribe too?

5k?

I don't want even talk about this.

And if you ask me the same question - but about the $19000, I still think it has a very very little chance.

And even if it does - it will stay below 19K just for few hours, if not minutes...

Posted Using LeoFinance Beta

Yes
The power of altcoin has been a backbone for Bitcoin because of altcoin great use-case.

Oh ok I got it
The usecase other altcoin have brought and utility has brought trust into crypto space giving Bitcoin a reason to invest

Cub is like a defi and Dex in bsc again and POLYCUB is on matic network

Wow leo on matic network
Seeing leo expanding it's wing is amazing.
It will be good if leo can launch on avalanche and create it's subnet

Yeah the price is too low to even imagine because the aim is to make profit in the Crypto world and investments made in it needs a positive reward which can happen when there's a pump in price

The amount of money staked and total value locked for a period of time and the presence of defi is a great support for cryptocurrency and giving crypto fall limit