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RE: Bitcoin Price Objective at the end of current cycle
Do you really think BTC will fall to 1600? It would be disastrous to Steemit in this phase. People will feel bad about it because the price of BTC is surely going to pull down all other currencies.
Such a situation would not last long. That would be also a good buy opportunity.
That are the typical movments and cycles that other makets do. It may sound as something to worry, but it is certanly not, if something, the these small falls serve as a foundation of a reasoble groth and avoid bubbles.