Bitcoin could hit $500K or drop to zero

[sirty143]

Bitcoin could hit $500K or drop to zero

In September’s crypto outlook newsletter, Bloomberg’s analyst Mike McGlone observed that the price of Bitcoin (BTC) could either be heading to the $500,000 mark, or it could fail. McGlone has continued to reiterate that in his view... See more for yourself here.

Your opinion is greatly appreciated.
 

[Tanimariya]

Bitcoin prices have started falling over the past few days. This is bad news for cryptocurrency users. I find this news disappointing. Many people are disappointed because the price of Bitcoin has dropped. Many people had invested at that time. Because they thought that the price would increase a lot more than that. Then the price was $12k. They have been damaged. They expected to reach $15k. Then they bought bitcoin. Bitcoin prices are down at the moment. It can be frustrating.

[TERMINO]

At first, Bitcoin is unstable which means not stable coin that maintain the price no matter what the market scenario.
It is true! Frustrating. But why fixed the mindset to harvest huge profit where Bitcoin is unstable and  decentralized? In my opinion, investors expectations are focusing only in getting good results not included the possibility of what is happening now. I do believe Bitcoin will not drop to zero neither $500,000 because Bitcoin will hit whatever the target.

[Gubre]

Bitcoin is struggling to hit again the $20k price and its been two years since then.  With that I can easily say that $500k is to an impossible price to hit out. 

[wahyudi]

I think Bitcoin has people at both ends of the scale positive and negative, whether it proclaims the cryptocurrency will be zero or not.  A volatile monetary system, unprecedented, and an unpredictable future of cryptocurrency, but over time, the idea that “Bitcoin will become zero” seems to be getting more and more distant.

[labonikhatun]

In fact, it is very difficult to say what will happen in the future as the crypto market continues to fluctuate there is nothing to worry about we need to move forward with positive thinking we are more profitable by investing in bitcoin because it is not stable. Over time its demand and price both increase we have to wait patiently for this even if the price goes down there is a possibility of increasing it in the next step.

[I-Bit]

Both are possible to happen. But I think they will take a long time to happen, so don't think about it too much. We are better to predict what to happen with BTC and the crypto markets in the near future. Moreover, for traders or short crypto investment, it will be quite crucial to know.

[Delgado]

Both are possible to happen. But I think they will take a long time to happen, so don't think about it too much. We are better to predict what to happen with BTC and the crypto markets in the near future. Moreover, for traders or short crypto investment, it will be quite crucial to know.

No, it is not yet possible for the price of bitcoin to rise to $ 500,000, because it is simply unrealistic, or its fall in price to zero, since many people will still use it, no matter how low its price falls. Moreover, there is no reason to panic yet. The fourth quarter could be very good for cryptocurrency market growth.

[babu10]

Bitcoin is struggling to hit again the $20k price and its been two years since then.  With that I can easily say that $500k is to an impossible price to hit out.

I think this is very true for all BTC lovers. As it did not cross its previous hit market 20k$ how could we can expect $500k that i could not realize. Yea, there are good news every where but you can look market how its doing fluctuation. So be practical about market and no too much high exception that will help market natural grow.

thanks.

[ayatoslaw]

Both are possible to happen. But I think they will take a long time to happen, so don't think about it too much. We are better to predict what to happen with BTC and the crypto markets in the near future. Moreover, for traders or short crypto investment, it will be quite crucial to know.

Actually the price of bitcoin goes up to USD 500k or USD 0 does not take long if the FOMO or FUD is very large, and of course also supported by news from famous or influential people, such as D. Trump who talked about COVID19 last March which made the market price fell more than 50% in a few hours.
but if we look at crypto conditions today, of course there is very little chance of bitcoin price going up to 500k usd or 0 usd in the near future.

[Malam90]

Bitcoin price may decrease but will not to zero value. I don't believe Bitcoin price will hit $500k standing at $10k point. $20k-$25k may be the highest value for Bitcoin in the upcoming days or long term it can hit $50k but $500k is quite impossible.

[Salman Hasan]

Bitcoin is struggling to hit again the $20k price and its been two years since then.  With that I can easily say that $500k is to an impossible price to hit out.

[Salman Hasan]

 Bitcoin is struggling to hit again the $20k price and its been two years since then.  With that I can easily say that $500k is to an impossible price to hit out.

[Jaguar]

Today is the day of DeFi tokens.
If the trend goes continuously until December it is possible that Bitcoin price might drop but not zero. No matter what the trend is bitcoin will never drop to zero. It is the number one coin full of investors support and back up by big whales behind the scenes.

[lepbagong]

Bitcoin prices have started falling over the past few days. This is bad news for cryptocurrency users. I find this news disappointing. Many people are disappointed because the price of Bitcoin has dropped. Many people had invested at that time. Because they thought that the price would increase a lot more than that. Then the price was $12k. They have been damaged. They expected to reach $15k. Then they bought bitcoin. Bitcoin prices are down at the moment. It can be frustrating.

If you want to see when $ 12K has dropped several times and it is like when $ 9K, to break more than $ 12K there is still a lot of time available and the possibility of falling again is certain. precisely this moment should be used for short-term investment.

There is no need for excessive worries because bitcoin will return to penetrate $ 12K until before the end of the year it is predicted that bitcoin will start to continue to increase until next year as predicted the halving had happened.