It's definitely possible and anything can happen because nobody really knows what the market is going to do. There is a lot of fear and doubt going on right now as you can tell by some of the comments in here from people who have no idea what's going to happen, or have any idea about how Bitcoin works. When you read news articles about companies finding ways to impliment it in their technology, and people finding more uses for it, now wall street wanting a piece of the action. And when it goes back up, all these people spreading fear and doubt will probably jump on board and help it go even higher...
If you store your bitcoin in a cold wallet and dont reveal your private keys. Theres no way it will be stolen. Also, bitcoins cannot be created. Maximum is 21 million, but many has been lost since the early days. Possibly a few million lost. Yes, people can create other coins but it isn't bitcoin so it won't affect bitcoin's price.
If you remove USDT. BTC prices will shoot to the moon. Since the most common USDT pairing is BTC/USDT pairing. This has happened in a minor way before. Nasdaq is largely traded in USA. Crypto is worldwide and 24/7. Nasdaq at its peak was worth like 20 trillion inflation adjusted. Whole crypto wasn't even a trillion at its bubble. Right now whole crypto matket cap is so tiny a single company stock like Mcdonalds is even larger. Just one single person, Jeff Bezos can buy up all the cryptos in the world and still be worth billions if he chose to. It won't take 17 years as it won't take much money to move the markets and trigger a bull run. Fundamentally, there are more stuff in the pipelines to get your average people and institutional investors into the space. My opinion is 2Q 2019 we will be picking up steam and 2020 will be a bullrun which coincides with bitcoin halvening.
That reminded me of the Canadian exchange boss who went India few weeks ago and 'died' /disappeared or whatever. No one know about the private key except this boss.
A move back above 200dma might be a safe entry point. Or wait for dma itself to turn upwards. https://bitcoincharts.com/charts/bitstampUSD#tgCza1gSMAzm1g200zm2g25zl Whether there'll be another moon shot, who knows.
There is no safe point to reentry, it will crush further at some point. Would have done a long time ago had it not been for fake volume and USDT shit.
"Electricity will be the next barrier. Block reward is too high to support a higher price. The world produces about 20000 TWh per year. At 5 cents per kWh, that would be 1000B to buy all that electricity. If BTC was 100K, the equivalent of 65.7B worth of electricity would be burned for mining purposes per year. Forget about Skynet, this would be the real threat to humanity. You can't burn 6% of humanity's power and claim this is more efficient than central banks."