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The end of the market has given way to a series of observations and speculations from analysts and encryption experts all over the world. The last fall since the beginning of the year when Bitcoin (BTC) was priced less than $ 4,400 early in the day brought Litecoin's brother Charlie Lee a stunning comment on twitter that would not be surprising if the digital currency drops to $ 3,000 for BTC.
BTCC co-founder Bobby Lee also said that BTC fell more than 30% from the price of $ 6,500 that remained a few weeks ago.
We are down 30% from $ 6,500 levels a few weeks ago. The sales momentum (panic?) Has slowed and we are touching the bottom for this round. But I would not be surprised if $ BTC eventually it hits $ 3,000.
Most ppl want to wait, buy at lower prices, but risk losing the fund? https://t.co/uNTYyvH7Ez– Bobby Lee (@bobbyclee) November 21, 2018
Earlier yesterday, the BTCC co-founder said that the price of Bitcoin, which had fallen by 20%, should be an excellent ground to shake those who do not know why they are still holding a loss-making investment.
I hope this #Bitcoin the price correction (already down 20%!) will get rid of all the remaining weak long positions!
Who are the weak positions? If you have a long margin or you do not know why you're still holding an investment at a loss, then it's you!
The rally comes after all of you #give up!– Bobby Lee (@bobbyclee) November 19, 2018
Lee believes that investors are waiting for the lowest price of the digital currency before they can massively accumulate.
Bobby Lee had previously deduced that the bear market could last more than 18 months, and this would indeed be a test of time.
This bear market could last another 18+ months, until the next block. This is a long time for all but true believers. Enough time to scare all the weak long positions. Especially those on the sidelines or those on the fence! https://t.co/uNTYyvH7Ez
– Bobby Lee (@bobbyclee) November 20, 2018
Bobby Lee compares the value of Bitcoin with gold and the way BTC will surpass the value of gold
While it processes Bitcoin (BTC) for its unique, transparent and value-free margins. Lee in a statement revealed his belief that, even if today Gold is worth 100 times compared to Bitcoin, BTC could later send Gold to exile when it comes to storing value.
In this bear market for #Bitcoin, it is worth reminding everyone $ BTC it's still only a penny of the value of #Gold: $ 80 billion against $ 8 trillion.
Gold is worth 100 times more than Bitcoin today!
What will be the relationship between 10-20 years?
Will it turn, with Bitcoin it is worth more? pic.twitter.com/VIpzIDKfo0– Bobby Lee (@bobbyclee) November 20, 2018
The San Francisco CEO and Blockstream of Victoria agreed to Lee's tweet by issuing a retweet in which he claimed to consider $ 250k- $ 500k / BTC the year to make a reality.
This is the real glitter @bobbyclee! I personally consider plausible $ 250k – $ 500k / BTC in the years to come, from digital gold, a competitor resistant to physical gold and digital Internet censorship. https://t.co/hSq2aHvg8z
– Adam Back (@ adam3us) November 20, 2018
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