If Bitcoin was to fall to $6400. in the next few years.
That would be equivalent to how much the Dow fell from 1929 crash - into the great depression.
90%.
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Bitcoin has a floor it will never go below because so many people bought Bitcoin for next to nothing in the beginning and have lost their wallets. So they can’t sell. Thus it can’t collapsed.
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Bitcoin has never gone through a recession ever before…that’s all I gotta say.
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I thought you were responding to a different comment. So I deleted my response because it made no sense. All I’m saying is that there is a floor somewhere mainly because a lot of Bitcoin mined and own is lost in wallets that can’t be recovered. Thus not everyone could sell.
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