Will Bitcoin go below 10,000 ever again?

over 3 years ago

Recently I have been reading lots of articles about Bitcoin. The facts about Bitcoin are really fascinating. We all know that Bitcoin was the first cryptocurrency that was made and all other cryptocurrencies that exist today in the world came out of that very concept. But today the cryptocurrencies are having their own unique blockchain concepts. Only a few altcoins have concepts similar to what is already there in Bitcoin with a little improvisation.

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If we will have to start discussing Bitcoin, we would never end the discussion as it keeps going on and on. Today I was having an interesting chat with one of my friends. He asked me if it was the right time to enter into Bitcoin or purchase Bitcoin. I was explaining to him saying that there is nothing like the right time or wrong time. It is all based on our luck. Sometimes purchasing at a peak price can give us some profit opportunities and sometimes purchasing very low can also make us miss opportunities.

Some researchers say that there is a 20 percent chance that the price of Bitcoin would never go below 10,000 USD again. I have heard people saying similar things about 3 years back as well when the pump happened. But this time it is definitely different and Bitcoin has good potential this time. That's what I feel. Even though we have 1000 other coins available to invest, Bitcoin always has its reputation not only because it was the first cryptocurrency but because of the strong decentralized nature of it.

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People even prefer to invest and trade using Bitcoins than other altcoins even though there are so many coins available in the market that are free for transactions. There are also blockchains that are instant in terms of transfers and transactions. But still, people prefer to transact using Bitcoins. Like all other people who believe that Bitcoin would never go below 10,000 USD ever again, I would also like to believe it be optimistic about that fact as I feel that it is most likely to happen.

Some people may not agree with that fact but now almost everyone is convinced with the fact that Bitcoin price would never go below 1000 $ even if there is a huge fall in the price or a huge crash in the market. There are so many people who would purchase a shit load of Bitcoins if the price drops below 5000 USD ever again. I myself would plan to sell all my real-world assets to purchase Bitcoin if it goes below 5000 USD again.

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Last time when the price dropped below 3000 USD, many people suggested making a purchase. I wasn't very much family with trading at that point and I did not have enough confidence and I missed the opportunity. But if there are opportunities again, I would like to grab it somehow.

So, what are your thoughts about Bitcoin? Do you think it will fall below 10,000 USD ever again?