“When it reaches a certain low level people will see it as good value and get back in.”
How do they know what the ‘low level’ is?
What level would be too high? What is the analysis of value based on?
Again-its very simple; history and the investors risk tolerance. Its not that difficult. People make millions in high risk stocks and people lose $$$ as well.
What level would be too high?? For me i wouldn’t buy over $32K. Someone else may not buy over $3200.
The value of Bitcoin is easy to determine—it is a function of the orbit of Uranus.
;-)