Community post
Will we ever see bitcoin lower than 1500$?
Even some months ago bitcoin'a price was 600, than 1-2 month ago we had a little fall and lowest price was 890 currently.
This is very high rise and what do you think guys, will we see fall from 2500 to 1500 or even to 600$ ?
Can we to forget worries of price fall?
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Replies (8)
Anything can happen. Even though bitcoin has grown in value over the months, they've been losing market share to other coins that people see as true competitors. Bitcoin has a ton of advantages, but unless they can innovate and fast, they'll be the MySpace to another coins Facebook.
Very well said but they both are different in context.
What do you think real problem is with bitcoin except speed of transactions ?
I don't think there's a problem with it (except speed of transactions), but there's really nothing that bitcoin is doing that any clone can do. And then you have competitors like ethereum which can do the same as bitcoin,plus more. And it has more dapps which make me think even developers are ditching btc for other platforms.
I don't think so because we see everywhere people are only accepting bitcoins for now and convincing them to implement bitcoin based payments itself is hard, other altcoins are a different story I believe.
It depends what kind of investor you are. If you are long term investor you should not care about price action in short term. Bitcoin is highly volatile, which means everything can happen. If Bitcoin fall to 600$ i will buy more, because i believe in this asset to rise long term.
Yes but as a long term investor, do you think price can fall to such extent ?
Everything can happen. Late 2013 Bitcoin was around 1200 at start of 2015.
I hope you are right about this :)
Thanks for your viewpoint, lets see what others want to say about this.