Sunday, October 10, 2021

What would you do and how do you think the market would react if Bitcoin dumped to $1?

Bitcoin has proven to be a relatively stable currency, backed by a large number of investors and institutions.

In the hypothetical situation in which this cryptocurrency had a flash crash of a huge magnitude and fell to $1 for a few minutes, how do you think it would affect the crypto market. Do you think some coins would benefit from this event? That BTC would fall into oblivion dragging the entire cryptocurrency market into a bottomless pit? Or maybe it would recover and return to its normal price?

In the hypothetical situation in which this cryptocurrency had a flash crash of a huge magnitude and fell to $ 1, for a few minutes, how do you think it would affect the cryptocurrency market.

In my opinion, an event of such importance would dump the price of absolutely all cryptocurrencies, introducing us to a bear market that would last for months and even years.

In my opinion, an event of such importance would dump the price of absolutely all cryptocurrencies, introducing us to a bear market that would last for months and even years.


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