So we all have that fear in the back of our minds that what would happen if Bitcoin just dropped to the ground.
Believe me I have that fear and I often think about what to do if such a catastrophic event occurs.
That's why I decided to Mine Altcoins and keep that as a backup to Bitcoin.
We all know that Cryptocurrenncy markets may vary greatly on rumours and one such statement was made recently by Goldman Sachs that Bitcoin could reach about 4900 USD before crashing its value in half.
If the value getavcutvby half that would be a huge setback to our Mining contracts on various Cloud Mining websites. Since I don't have a lot of Hashpower I am kind of worried.
But there is also a buying opportunity for future purposes and potential huge gains.
I know that there has to come a correction recently I just hope it is not drastic as this.
Please follow me @arunava and upvote this post if you like it.
click here!This post received a 4.4% upvote from @randowhale thanks to @arunava! For more information,
They're trying to manipulate the price because they see it an competitor now, Bitcoin will hit $5,000 but it won't crash that hard. It will correct down to $4,000 maybe.
That's what I think currently Bitcoin has become a commodity which no government can ignore.
The people who are rich with Fiat currencies are having a good time and they don't want to shake everything up because they are good with it but Bitcoin will soar because number of rich people's are obsolete to the number of middle class people's
I think a small correction in price is good for the future of bitcoin.
If bitcoin crashed to 0 it would have inherent problems that would likely also sink the price completely of all crypto to the ground. This is not likely to happen without a catastrophic and uncorrectable problem.
Ya that's true but there are a lot of haters who say stuff like that