It's not impossible but there is 40% possibility in my opinion.
But the question arises that why every person is soo much interested in the bitcoin trend that they pay attention to every possible scenario ?
Bitcoin can be seen in many ways. It is not just a currency now but a lot more than that .
Bitcoin can be seen as a technology, asset, currency and even a new trend to change the world's power distribution.
Lead in the cryptocurrency
BTC leads the whole cryptomarket, also said the unicorn of the market, with roughly half cap of the total, and it definitely puts a great impact on all other cryptocurrencies.
Suppositions
many people haven't yet adopted the crypto thing but buy bitcoin for having a boost in their assets and holdings. let's say they speculate. these people will help the move from FIAT to CRYPTO in an indirect way.
media
People are afraid the hear about the downfalls of cryto! it is a simple naive thing! when I hear a stock index dropped, I look in to the opportunity to get back on the next wave, ofcourse I wil study fundamentals and technicals before jumping in to a trade, but I see the opportunity rather than the threat.
We should keep calm and work on our strategies a bit more.
not everybody else has the same feeling. price drops mean disadvantaged incident to them.
Ethereum
the ETHBTC was in the 0.06 to 0.08 channel for a quite a while, but now 0.031 seems to be the new bottom line, though I see the possibility of below 0.03 and it will be a chance for me to change my BTC holdings in to ETH. ETH is becoming the upcoming trend for many people.
STEEM
I was managing my STEEM holdings and value with ETH once, but in the last couple of months, as ETH dropped dramatically, STEEM seems to be better on STEEMBTC pair.
Working on steem is fun aswell It’s a great platform for beginners and can be very much beneficial in future according to me.
Thanking you
