I was able to post that on the Bitcoin forum, but I think that most of the altcoins are still dependent on the bitcoins price.
So why could the Bitcoin price go down by more than 50% and when?
I have my theories and I heard one for the first time today, which led me to open this thread.
Can you ban Bitcoin?
I don't think so. What should you ban there, the numbers? Why should a government ban the whole cryptocurrency when it can benefit well from it?
They will regulate it according to their taste and will create new taxes. The whole thing will put some pressure on the price, but there won't be a huge crash. Why would you sell bitcoin when you can emigrate somewhere else, where you can use and trade it. For example Singapore. They have great regulations there, protect their customers and investors and give them a lot of freedom. Since the price depends on whales and their sales or purchases anyway, they will also go where it is best for them. And we, as little fish, are not trees either, we can also choose where we can go. Of course, assume that the investments are a bit bigger and that you are not restricted in your freedom.
And then there is such a thing as Black Swan of crypto, one thing that can come unexpectedly but cause a big move in price.
We all know that someone who sells 20k Bitcoin quickly can drop the price by 10-20%. It is the same in the opposite case.
Now I come to the story I heard today.
What do you think what would happen if the great Satoshi Nakamoto suddenly came and wanted to sell his 1-2 million Bitcoins?
The biggest crash of all time!
Of course these are just my theories and I would like to be taught a better one.
Therefore, I would be happy to hear your opinion, any new theories that would make me think, or learn something new.