Let's be real and take a look at the current market cap $162,609.337.275
When look back mid of October the market cap of Bitcoin $96,240.574.106
Where am I going with that? I want you to sit tight, so we can travel back FROM the last 10 months to see what happen
And March 2017 we Had a company like Bitconnect, The Big Scam, Call itself Bitcoin Brother that was appeared so attracted to a lot of new people and created a big demand for Bitcoin, people were buying Bitcoin to invest in BITCONNECT, so the evaluation of the price for 1 Bitcoin = $19000 USD was not fair.
Why?
so ask yourself
How many unbanking people were using Bitcoin?
Why did Bitcoin lose 60% of its dominance?
why did bitcoin lose its ability to use a method of payment?
And why is every time BITCONNECT Price dropped Bitcoin followed the path? etc...
The Network Of Bitconnect Attract more than ! million users worldwide that have no clue about Blockchain, Cryptocurrency, etc... All they want is to get rich quick, so they have no intentions of holding the coins other than Dump it for USD dollar. So now we have more than 20 top Bitconnect leaders Collected more than 1000 Bitcoins each, But Unfortunately, there is Not enough money in the Bitcoin Market cap for all of the Bitconnect Millionaires.
1- So my Question is how low could Bitcoin goes?
2- Could Steemit does something?