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RE: Whats happening?

in #bitcoin7 years ago (edited)

I'm thinking the same. If there is a panic sell off, it could drop significantly. When it his 50 after Cypress, it dropped to ten, which was an 80 percent drop. When it hit 1200 during the first congressional hearings, it dropped to the 250 range, nearly 80 percent in drop. It hasn't had that type of correction since. But I would put the floor around 5,000. That's just based on my having watched it for eight years.

Not that it will drop to 5,000. I just believe that may be the lowest.