Bitcoin could hit $500K or drop to zero

[shadowdio]

I believe there are many people willing to hold for long until bitcoin hits $500k or 1 Million price and then I think it will collapse so badly but I don't think the price of bitcoin will go to zero, bitcoin will not be dead easily because the people view of bitcoin is investment. If the price of bitcoin is cheap then that's the right time to invest.

[Freemind]

@shadowdio maybe not the majority, but there are many people who "move" in exact figures that we could call psychological quantities. A lot of people expect the $75,000, the $100,000... At those amounts many people would sell, but if someone expects $500,000, they shouldn't expect it too soon, because that will take a long time yet.

[mlawson71]

That is actually a very good point! I confess I had never thought of it that way, and I should have!

[Malam90]

I am locking the topic as this now tends to price speculations. We have to bear in mind that price speculations won't be allowed here. We have other sections "Cryptocurrency price speculations" for discussing about price, speculation etc.