Bitcoin Forum

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

Though the kind of situation you are pertaining to is far from happening yet, I will give you a very basic answer to that.

Basically the price of Bitcoin depends on the demand in the market. Less demand means less price. Now, let's say 90% of Bitcoin holders will sold everything they have in their wallet, then you know what will happen right?

Now, if you'll ask me why would people do such massive selling, well that depends on the market sentiments and reactions to the news, TA's and other tools for predictions.




Probably sell everything as long as the price are still reasonable for selling.

-A zombie attack
-A meteorite that would exterminate the majority of life on Earth
I can't think of many more. ..

I don't believe that a nuclear war would have a negative impact on Bitcoin price, as it could be safer than most Fiats.
So, not all apocalyptic scenarios would have a negative impact in bitcoin price. Highly unlikely it would hit 5.

To 5$? Probably if Bitcoin network get compromised, or discovered some bugs that could lead it to major damage to network, but that is very impossible, we are just talking about impossible things here. But who knows, we still don't know. That's why I love Bitcoin,no one can predict the price of it in the future.

Not possible in my opinion. There's a large demand for Bitcoin and there's no way to people would just abandon it unless something super unexpected happen to the world. Here's a simple summary of why people are using Bitcoin right now:

https://support.coinbase.com/customer/en/portal/articles/1824913-why-would-i-use-bitcoin-why-should-i-use-bitcoin-

If that demands declines to the point of zero, then finding something better and moving on is the only thing that a person could do.

It is next to impossible for Bitcoin to reach that price level 😄😜

Still you cannot predict in crypto world what's going to happen next. If it happens, it will only happens when all the banks join hands and create a super bug to destroy the algorithm of Bitcoin 😀

A dream bro, that's what can make bitcoin price drop to $5. Bitcoins price right now even if a huge crisis or dilemma happens to the bitcoin network or all the user it's impossible to bring back bitcoins price to $5, don't ask how or what can do that it's just not possible bro.

I think that won't happen again. because at this time the market is in a Bullish condition, so it is very difficult the price of Bitcoin dropped to $5, I think that is an impossible price. Bitcoin has been in that price and it's been a long time, Bitcoin will continue to increase users so that demand continues to increase so that the price will increase too.

If the reason of the crash is not the government ban then I will as much Bitcoin as I can if the price will roll back to 5$ but this kind of scenario will never happen if in case the government will not interfere.

The only way for Bitcoin to lost its value is because of no demand and demand will only shrink once the all the government will demand to ban Bitcoin all over the globe.

I think with nuclear warfare, we would likely not really care about crypto-currencies at all, especially if it took out internet access for a lot of people (you can store and hold BTC without internet, but you still need it to send transactions). We'd likely move to a bartering system where items like food and water would be the most crucial and most traded items.

It would need a series of events that would affect the internet, or the finance system, in general, to cause BTC to fall to 5 dollars. Demand and supply will always be there in our regular society.

When some extremely rich dude starts buying all bitcoins available in the market and then realized that he/she is too rich that he/she decided to dump it suddenly  ??? But that dude isn't born yet and may never be born  ;D

Seriously though, we can't even exactly tell how a bitcoin price pumps or dumps.

It is certainly possible but highly unlikely. But like a bankrupt company can make a stock go to be worth a fraction of a penny so can Bitcoin and other cryptos.

Shortly after Bitcoin was launched, there was a bug where somebody mined like 1 billion coins, basically way higher than the entire supply available. It was quickly discovered and a emergency hard fork was issued. Since BTC didn't have much of a market then, the damages were minimal.

If that happened today however, it would be catastrophic. Because an emergency hard fork is not easy to perform. All the Bitcoin exchanges and services would have to update in sync and same with the miners. Like the segwit upgrade from 2017, it's something that can make months and never in an emergency.

So there would be massive panic and if the billion BTC ever hit an exchange then it might cause a crash.

Why $5 when you can also make it as $0? In today's world, there is nothing really impossible. So what can take Bitcoin to go down almost worthless? Maybe if there can be a World War 3 where at least 10 nuclear bombs already exploded all over the world. The market will come to a halt and people will be thinking of foods, water and everything else to survive rather that how many Bitcoin they have in their wallets. Money in this case can be worthless including Bitcoin. In other words, it must be end of the civilization and humanity is on the risk of being wiped out on this planet. I am sure in this scenario nobody will be using and trading Bitcoin anymore. Bitcoin can then be useless and will have zero value.

A bug that:
- Lets user creates an infinite amount of coin.
- Lets user gains a private key from tx info.
- Lets miners get 10x than what they're supposed to get.

Government crackdown the network, like making people go to jail for holding/trading Bitcoin, or going as far as killing them.


I think the most likely scenario is the bug one. But what is the reason for asking this? Why $5 and not $3.5 or $2.456?

World War maybe?

worlwide Genocide?

Alien Invasion ?

what else impossible to happen?maybe those are the ways that can bring Bitcoin price to 5$

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asking what will i do if that happen?surely nothing because surely internet will be gone as well when that time happens.

If this really happens then the cryptocurrency platform will get destroyed for sure, no other crypto will exist and overall this system will become worthless, but I don't think this situation will come ever, I hope this scenario will appear just as an opposite site, I believe Bitcoin price will go high more than 20k within six months, Day by day this platform is getting popular around the world and many nations also come to this platform for their own interest because Bitcoin will be the main element in the coming digital monetary world. that's why your query will not lead any consequence.

absolutely nothing.
because bitcoin would either die and drop to zero (not close to it) or remain strong like what it currently is doing and continue rising up. that makes a price like $5 impossible since there is no middle ground for a 99.99% drop, there is either 100% or nothing (meaning the same rise with corrections).

1. Maybe? If another war will occur, everything will be doomed.
2. Nearly impossible, the world government won't let anything like this to happen.
3. I don't think so, maybe because I don't believe in aliens.

We really can't say for now, but maybe you can use your power as an individual.
Your voice will be heard if you speak, your actions can be considered if it is right, so I don't think that you should not do anything to fight for your right.

when the apocalypse occurs maybe it will be $ 0, so even if China and the US are in a trade war or another war will not bring down the price of bitcoin to $ 5, it may look almost impossible, the large bitcoin community around the world will never stop and will never stop continues to grow  ;D

In my own opinion, this is one of the many scenerio where I will say the law of never say never do not hold as the likelihood of seeing bitcoin fall to 5$ is not feasible. Reasons are due to the fact that, on a daily basis the adoption of bitcoin and its underlying blockchain tech is increasing on a daily basis and more and more person, establishments and even nations of the world are keying into the use of blockchain tech and crypto. Bitcoin for me is here to stay .

All things can happen in crypto, but is it possible that the price of bitcoin can be $ 5? It was unthinkable that it would happen at this moment. because bitcoin is still sought and used as an investment that is still tempting.

I think the event may be that all governments of other countries agree to eradicate bitcoin and that all transactions, holds and so on are considered criminal. So the impact is huge because people who don't want to be jailed for holding it will sell their bitcoins. This will result in bitcoin falling price and it may return a price of 5 $. But we know this will not happen because governments are not opposed to using bitcoin their only advice is that we should be careful about using it.

End of the world maybe because bitcoin is one of a great currency today even if some government don’t admit that and if its dump too much then crisis is happening all over the world. I will do nothing, i can’t stop it and its just a money I’d rather be with my family during that crisis and survive together. Holding might be the option that time, no one knows.

I am sure it will not happen in a short time because we know that adoption of bitcoin is now very popular for everyone, but we do not know also in the future if we all have to experience events like that maybe because of certain factors such as the occurrence of the third world war.
and if that happens I might sell my bitcoin for $ 10 instead of losing everything.

From your name itself, it will bounce back right after hitting a big pump and we have nothing to worry about this one. $5 is too impossible for bitcoin right now, we are growing and no one is left behind especially the hodlers and supporters. Bitcoin may go up and down, so always have plan because for me, I won’t sold cheaper than $9k again, it will go up on our next trend.

I don't think the price of bitcoin has fallen to $ 5. I don't think that's possible because right now bitcoin has the biggest market capitalization and trading volume in cryptocurrency. and bitcoin already has many users all over the world so there's no way the value of bitcoin will suddenly fall to $ 5. and also the limited number of bitcoins to only 21 million coins will make bitcoin a valuable item in the future and I'm sure its value will tend to rise.

It is possible, and there are many reason that could lead to Bitcoin's crash in price. The main reason is for sure if no one wants to buy it anymore in short the demand in the market. That may happens due to some other coin could surpass it's price or the network itself would be unusable anymore, no more miners or the internet and the power it needs to run.

Well if that sort of things happens maybe I will just let it go, I don't really have many bitcoin so no big worries at all.

If that happens though, you can only act as fast as possible to cut your losses. However, it seems unlikely to happen nowadays because of evident reasons that Bitcoin does get stronger. It could still happen if somehow most of the holders are selling their bitcoin, and demand is too low for it to have value. Such happening for me would be gradual though and not just crash in an instant, and it would be because of a series of negative news to Bitcoin.

There are a whole range of things that can cause that to happen, namely :

1. A successful 51% attack, where someone are able to double spend and gain more than 51% of the total hashing power. This will trigger

speculators to dump coins and it will have a huge ripple affect on the market.

2. If some bug is found in the Bitcoin protocol and someone creates bitcoins out of thin air. It has happened before, but it was quickly stopped and

reversed with an update.

3. If the governments of the world come together and they start banning Crypto currencies. (Black markets will not sustain a high price)

4. A global war, where Internet infrastructure and services are destroyed and Bitcoin nodes disrupted.  

5. Some new Quantum computing technology that would enable people to decrypt current Algorithms quicker. (That is to say, if a stronger

Algorithm are not introduced, before it had an impact.)

Excessive sell orders while no one wanting to buy bitcoin could lead it's price down to $5. Bitcoin is a new form of currency with a fixed max cap. If the interest on bitcoin remains the same and the supply gets rarer, the price is likely to rise. Still many theories on price of bitcoin exist for the future. If it's rarity decreases it's interest, it may crash to a small price.

I think the only thing which could "crash" bitcoin to such a low amount is a global ban of it. Even if that happens I don't think it would crash to such a low amount. Maybe in the few hundreds of dollars zone, but not under $100. But why would one sell BTC if it remains a store-of-value asset that appreciates in time?

The demand is created especially because Bitcoin is a deflationary(scarce) asset. Also we all know it is a decentralized currency so no central entity can control it. As the production of BTC is halved miners will sell less and less BTC at these low prices because they need to at least breakeven! Though most of them are looking for profits(big ones) so they will probably end up holding it for a long time.

It can although I doubt that will happen now.

We cannot count anymore the number of bitcoin supporters unlike before.
Which means, there will always be a resistance before the price could even fall at a 3 digit mark.
Besides, why the sudden though of that?
With $3k, the supporters won't even budge to sell their bitcoin, so I bet it wont even go that far.

Satoshi dumping all his bitcoins. I bet that will create a domino effect that will lead to bitcoin crashing. Imagine all the FUD popping up when the creator itself dumps his coins.  But the likelihood of that event happening is very low.

And why would anyone want bitcoin to drop the price that much? It would only disrupt the growth of cryptocurrency.

This is more of a possible thing to happen if Satoshi still holds his private keys. I think he lost it and even if he claims to be the real satoshi he will be ignored until he can send coins out of his wallet. And that's the time we may finally see whales panic. We then have to find an alternative to BTC and the result will be massive dumping to buy such alternative ultimately making it the NEW dominant coin.

The governmental policies for sure can do that soon enough , we should understand that they have real control over cryptocurrencies and everything it could adversely affect it in a very bad way , they can close everything down and then it will be too bad for us , this is the only thing that could affect the cryptocurrencies .
Also at the same time one should understand how hard it is to make it work without the people's support and I think it wouldn't be able to work without them too .

two scenarios and potential damage:

1. major unfixable bug in bitcoin
reality: exchanges would just stop accpting deposits thus limiting how many coins people can put into an exchange to sell
also those buying wont want to buy coin. thus limiting people from accepting sell offers.
so imagining this weeks 1.2m coin exchange hoard. although if all thm coins were put on sell the 1.2m coins in exchanges already could have the potential to bring the price crashing down to 0 but who would be handing thir $$ over for what would then be a bag of crap
a good example was MTGox which when issues arised tanked thee price from $1k to ~$100. it didnt go to $5 as they halted deposits/withdrawals(but people were still internally trading as if it just become a free-for all internal game playing with balances of no real world 'value'(coz you couldnt withdraw into real value)

2. some speculation, bad news, or a whale sale
the price can dip. but many people would still have underlying value support where they would be still willing to buy at a certain price. for instance those willing to mine and knowing it costs ~$6k to mine at its lowst cost. they would be literally throwing all their $$ at the markets to buy btc if it went down to $5k. and those selling at $5k would happily buy in at $4k again for 20% more coin
thus thickening the support walls at increments until there is no fools left to sell at a loss
its literally like.
if 100k coins at play to be sold at $5k
buy wall at $4k of 120k coins. needing fools to sell 120 coins for $4k to break that
if 120k coins at play to be sold at $4k
buy wall at $3k of 150k coins. needing fools to sell 150k coins for $3k to break that
if 150k coins at play to be sold at $3k
buy wall at $2k of 200k coins. needing fools to sell 200k coins for $2k to break that
if 200k coins at play to be sold at $2k
buy wall at $1k of 400k coins. needing fools to sell 400k coins for $1k to break that
if 400k coins at play to be sold at $1k

well ill stop there. because although there may be 1.2m coins in exchanges. that aint $1.2m in a single exchange. thats 1.2m spread over several exchanges... basically meaning there are not enough fools per exchange to sell at a loss to keep the price tumbling

This would be very difficult to occur but one thing that can really crash bitcoin in seconds is if Satoshi Nakamoto moves any of his genesis coins and he decides to see it on any exchange. This would definitely create fear and panic among crypto enthusiasts as they may be thinking the bitcoin network might not be safe any more.

We have seen many big dips in the price of Bitcoin from the last couple of years but it's not mean that we are going to enter in the year 2009 or 2010 again this is impossible and you already understand that so in my point of view Bitcoin has became a brand and its popularity and demand proves that it's unstoppable so this is definitely impossible to hit that price.

Isn't that overstating? lol!

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Even FUDS are somehow powerful as so as social media that can be use to spread it, I still believe that only the bug in the network can lose trust to bitcoin that could result loss in confidence and trust.

While for the laws that could possibly ban bitcoin, I'm sure people won't let that easily happen and should carefully seize the possible scenario.

there were fuds about that but it didnt affect the price at all  . this only shows that people arent affected by the fuds easily  but they are going to be believe more on reality . the price can only dump hard if ever satoshi really sold his coins but i think no one will ever know it  because he might be using a different wallet and people will only assume that its a normal drop cause by whales  .  besides , people find it nice when the price dump too much and they will only buy more btc if that happens

Im only thinking about Satoshi holdings too, I don't think it natural earth disasters will make btc drops. It's those who have the highest holdings that are capable of controlling the market. And Satoshi who create and have many of it can manipulate it entirely back to any prize. Which he might not do since it will ruin his creation.

Can happen if the government agrees to the MoU to use 1 legally stable coin (and prohibits usdt, etc.), then simultaneously devaluates the conversion price of their crypto coins officially to be traded on all exchanges in a ratio of 1:0.0xxx to bitcoin, this will reduce the stimulation of trust with a large level of panic accumulation to bring prices back to their lowest point.

Hacker attack, it is possible to make it happens. I mean when all exchanges can be hacked or the hacker can be hack all wallet including the hardware wallet I'm sure bitcoin will going to $5 even goes to zero value.

Because it's system cannot by trusted anymore and the hacker will sell their bitcoin and make the price of it goes down. Or also, the centralized exchanges take all bitcoin/altcoin and make its user think there is no parties that can be trusted and they will troubled to change bitcoin into money fiat, I think these factors can make it happens.

This is a scenario possible only if a major exchange hack happens. As we've seen in the past price crashed at MtGox from 30$ to pennies after a hacker got access in accounts and dumped all the way down to 0.
Perhaps a second scenario would be combined mistakes from a whale trader along with exchange security errors that might flash crash the price.
Price will recover both times immediately though. Both happened in the past and might happen again in the future. There are buy orders which are set years ago, that will activate if anything happens.

Even if Satoshi start moving his coins and plans to sell those coins, why would anyone panic and there is no way even Satoshi can sell all his coins through exchanges and if he plans to sell the coins OTC is the best way to sell the coins as none of the exchanges will have the liquidity to handle all of his coins and even that will not crash the entire market as there will be people purchase those coins, moving a huge amount of coins will create a domino effect but it will not take back us to 2011 valuations.

Seeing the adoption rate and current market capital of BTC, I dont think it's possible. But if this happens I will buy atleast 200 BTC.

It will drop to that level even zero if there's a software created to hack any wallet, this means no wallets is now safe and also if the blockchain is compromised, people trust this technology because there are no known vulnerabilities on it,  we are talking about investment and people lose trust on what they invested, they will sell everything to regain what they are going to lose eventually.

We mostly see the volume of Bitcoin is very visible to us,user and it is likely to view that has a higher value in the market. Bitcoin is very popular right now because many people get benefits and income that we might use in everyday living. Other people could think that it would not happen that Bitcoin would drop into $5. This would happen if there are some possibilities would happen like worldwide prohibition.

Just sleep and never wake up again if you think ghat Bitcoin will drop to 5$ again.

I know that there is still a chance for that (at around 0.000001% chance) but the chances of it to happen is super duper low and it is close to impossible. First of all, why are you asking things like this. Things like this will not happen right now with Bitcoin and if it will happen, I think one way to do it is to sell the 1M Bitcoin that Satoshi Nakamoto is holding and all of the Bitcoin that we are holding will be sold at once.

Wallets have been hacked many times before. It did not kill Bitcoin, even if several major wallet sites do get hacked today, it will still not kill Bitcoin. On top of that, hacking the Bitcoin itself is virtually impossible anyway. So the situation of "all addresses being hackable" is impossible and will never happen, however, if five major wallet sites were to be hacked, we'd see a huge dip.

Considering the state of the bitcoin market and the ecosystem, there is no specific thing that can make the value of Bitcoin to drop to $5 or less. As it stands now, bitcoin has no real feature that can make the price of it to drop less than $100. I just can't think of anything that has the power of making the value of bitcoin to be worthless. This should have happened a few months after it was introduced into the world.

If someone finds a loophole to blockchain ecosystem, then BTC or any crypto for that matter which has blockchain as the backbone, will drop to 0 not even $5. Bitcoin has a value because it gives a transparent and secure payment ecosystem which is unbreakable. If someone breaks that attribute and manipulates the ledger, there is no meaning of crypto will be left and they will all drop to 0.

I think they have a lot of reasons that possible for the bitcoin to turn down to $5 such as a lot of people like billioners investors and even the small investors or holder of the bitcoin will sell their bitcoin and the buying of it willl not increase. But Im sure that it less chance to happen and I hope it won't ever happen because if that happen it can cause for the bitcoin to decreased more and it's hard for it to rise again of it already reach.

The end of the world? It would be for me.

People would have to become totally off bitcoin and not use it anymore and have no demand for it. But why would there ever not be a demand for it? I don't think that this will ever happen.
It is just too much. I think it is like losing power in the entire world. It's just something that won't happen. I think if bitcoin did drop so much the cycle will just restart and all of us who buy a few bitcoin will be rich years from now.

I can't see connection between Satoshi and his coins and the market price. First of all no.one knows how much Bitcoins Satoshi has and what are his intentions with his coins. Also, why would he suddenly want to.dump his coins. Too many questions and hypotesis that could be pure guessing  so it really can't be said what could drive Bitcoin to 5000$ or even less.

I think for bitcoin to be completely drops to $5, the system must be compromised and that could irreparably damage the system. for instance if there is a way to break the private key algorithm, which would make it possible to make random transaction on any bitcoin address, or the sha256 hash algorithm which would make it possible to mine every block which would give the attacker total control over the blockchain.

However, I will buy all of BTC before we get to $5. but for Bitcoin to go to $5, everyone would have to unilaterally refuse to buy any fraction of a bitcoin. Think about it, no person on the Planet is willing to pay anything for it. There would have to be quite a shift for that to happen. Such as internet ceasing to work, total breach of BTC security, apocalypse I guess. It's very very Impossible in my opinion.

It is merely impossible to happen because most of the people now are believing in the capability of bitcoin and its potential. Meaning to say that the market of bitcoin is fully aware of how it's market price behaves. If bitcoin falls a little, it is purely automatic that people will accumulate huge volume of it. In my opinion, if bitcoin reaches 3k USD market price, it is already a critical price that indicates huge opportunity that most people should not miss.

There is no such thing happening even in worse conditions like network being disturbed or demand becoming very less as $5 is impossible for btc when prices have crossed $9500 so don't discuss such topics.

I couldn’t think of the reasons to make the bitcoin price drop to $5. I can’t really imagine as we know there are demands in bitcoin and adoption that can make the price surge in the market. People are already enjoying the benefits and it’s features. So in case price could be very deep other people would definitely grab the opportunity from buying.

Very far from any realizations, Bitcoin already reached this place and what people around expect is too have more rise and appreciations coming from more businesses and establishments. So for this question, there's no significance that the value may drop to $5 else, it can go and rise to higher than the last time high. Investors and traders both are working to achieve more success to this industry they won't be easily allow that price to drop to this amount.

I don't think it will happen anyway because bitcoin has it's name already and is the number one crypto currency since then. Bitcoin is spreading in the world and people knew already what is bitcoin and they keep supporting it so to lower down into 5$ is very far to happen.

people will only try to buy thousands of BTC for their stash if BTC falls that low. miners will probably lose hope but those who will continue to mine will get more. BTC will still survive even if drops that low for whatever reason is. hacking is not possible, quantum will be dealt i don't think its even an issue. but $5 will keep me up all night to at least seek loan from all the people i know so i buy thousands of BTC.

There is nothing could make it, just impossible.
If something goes wrong in bitcoin nodes or something bigger happens such as the internet shut down due to nuclear war,
then it more likely bitcoin will fall to zero not $5.

According to the basic fact in economics, the demand plays a vital role in a price of a certainproduct as well as the stocks in the market which is basically the same also in cryptocurrencies. The relation is direct meaning when the demand is high then the price would tend to be higher while when the demand is low he the price would be much lower. I think Bitcoin dropping to $5 would most likely not happen due to how the public wants it and the grwoing popularity.

But if it happens then surely the demand had dropped which may had a lot of couple of reasons like there was an altcoin who offers a much better service than Bitcoin or any other wild ideas which I don’t even see to be happening.

There is a huge amount of money which is circulating in Bitcoin's market and I'm pretty sure that those whales will not let Bitcoin to be dump at $5, they will do everything with their power to keep the price going up for their own benefits. The only realistic event that can dump Bitcoin value is, if the government put a total ban on Bitcoin globally and anyone who found out using it will be jailed.

There is nothing I can imagine that could make the price to go to those levels, there are more chances the price goes to zero than chances for the price to crash that hard and not reach zero, this may seem contradicting but it is not, if a bug was found that allowed a malicious party to destroy bitcoin then the price will go to zero and will forever remain at that level.

But if we leave the market forces to move the price of bitcoin then even if a series of difficult events happened that reduced the price drastically we will never see bitcoin at 5 dollars since there will be many people like us willing to buy bitcoin and making the price to go higher.

Literally this is possible yet unattainable considering the situation of what bitcoin have right now and in the next year or months. I cannot think of anything besides of total banning of bitcoin all around the world which is not close to being real. Though it doesn't yet prove if bitcoin would be going at 5$ after that. What makes bitcoin increased its price is the people itself, so, remove them then such thing couldb really be possible.

It can be happen if people don’t use bitcoin. But it is impossible.othrewise impossible because bitcoin is brand now.up and rise in bitcoin is okay but drop to 5$? Maybe it is possible only in dream :D   

thinking that the price of bitcoin can reach $ 5, that is impossible. when the price of bitcoin goes down that far, then bitcoin will not be valuable. imagine, when the price dropped from thousands of dollars to $ 5, I thought no one would use bitcoin anymore.
That will happen if people don't have the opportunity to use bitcoin, and that happens when the internet has been deactivated. after that happens, I think people will refocus on their real-life business or work .

You would not really like to see that happen. Yeah, no doubt about that.
I think it was 2014 when it reaches $1k and then suddenly a big fall again at 2015 at $300.
That hurt me much than what happened this 2017 from the $20k mark. It all looked fake to me.
While that 2014 $1k is the time where bitcoin is building a momentum to gain value and be seen by the people.

It really is a heartache so better stay with just slow fluctuations by now.

Yeah it possibly happen specially if goverment will implement a strict regulation to ban the bitcoins worldwide and any person who use will face a penalty and if these case will came for sure bitcoins price will go down and provably will reach to that level. I know it's better to think positive but if you escalate the things surrounds on it you will ask yourself if bitcoins will survive for more longer years.

I think current market is support the new innovation of banking sectors, So I think future will going to moon and some huge investors are trying to control the market but once regulation will occur at entire world automatically peoples are stop the upcoming prediction. Further years little dump only possible and huge pump also occur anytime.

It can happen if the fundamentals of bitcoin break. If anyone can raid acccounts of everyone bitcoin would become useless and go to $5 and lower.
Just like gold would become $5 if we found out that the core of the earth was pure gold.

Zombie attack isnt the reason, the price should go up with any breakdown of conventional markets because Bitcoin has less dependance on city based operations.
   $5 says one thing and its the compromise of the main protocol and its debatable if any transaction completes if the price were this low because the cost to find a block might be too high.     So I do think BTC can continue but its going to fall back to the zero cost mining, places powered by solar power and hydro power not otherwise used and on really slow equipment maybe, the block time might alter drastically from the 10 minute mark.

Its not impossible BTC recovers from some kind of awful failure, it has happened at one point or time so that alone makes $5 unlikely as speculators will just hold from $100 downwards in a lottery ticket type way.   Anyhow we are talking liquidity problems at some point, external attack isnt the problem this is about internal dynamics.   The reason BTC keeps rising year to year is we live in a world where FIAT continues to fail to keep long term integrity which makes BTC look increasingly required.

For now there's no possiblity for all countries to ban bitcoin, since it was providing benefits for every individuals who belongs to the community. Furthermore, as decentralized currency; the government has no strong regulation that can prevent from using it. Let's not close doors for bitcoin, because for a meanwhile we're still intact and strong to come up a good potential in a perfect time.

You jumping in a time machine and departing to 2011.

It's a bit exaggerated if you guys saying that when the internet goes down ... that moment bitcoin could fall into pieces as low as $5 even worthless.

It will bring a domino effect, not only bitcoin but any other financial system , banking , government and many more that connected to the internet will down too. This is simply doesn't makes any sense but yeah that's the worst scenario on your list.
The most reliable one for now is when quantum computer can really break a blockchain's cryptographic code. Can we agree about this?

That means someting great had been replacing bitcoin a main cryptocurrency. What will i do is not buying it aymore and sell it before it go zero. But i think it's almost impossible to happen because the supply is getting less each day and the demand would likely to increase. So the price will increase, i think if the price go 5$ there must be something happens like massive hacks or system crashed

even how many times i think what will be the cause of bitcoin price to go $5 . Still i cant think any reason for it.  Maybe if all people agreed not to support and  destroy btc that will be the end of it.

I have always thought about this and I came to realize that there is not much that could make bitcoin go under 5 other than people really going into something else. Bitcoin itself can't be  banned that much, it can't be suspended, it can't be stopped.

What could happen is just like how we invented bitcoin and liked it, maybe there could be a better method, I am not talking about another cryptocurrency btw, it is not a new crypto that becomes better than bitcoin, that is not it. I am talking about something brand new that has nothing to do with crypto or currencies and it is better compared to bitcoin. I have no idea what it could be but I wouldn't be able to imagine bitcoin 11 years ago neither so it would be something brand new from a great mind like satoshi.

in my opinion it will not happen, Bitcoin has now spread all over the world, many people have bitcoin,
although there are some people who manipulate prices, but prices will not go far down to $ 5, that's a funny thing in my opinion,

Bitcoin will do well. Think about it. Are the people going to be hit hardest by a recession going to be crypto early adopters? Probably not. It’ll be the working class poor people. Middle / upper classes would prob flee to gold / btc depending on their age once shit hits the fan.

Sure some will have to sell their coin to keep the lights on but I think you’ll see more crypto buyers then sellers in a down turn. Bitcoin was literally born out of that mess. Banks on brink of bailout.

Another day another unrealistic presumptions of "what if" questions on such price. Going back to $5? Then definitely theres another coin
which had already replaced bitcoin into its place come to think going that low does signify lots of interest and trust towards it which means
you cant say that you would purchase up those cheap btc on that time.Im pretty sure that you wont really be that confidently enough to buy.

It will not happen if there's a huge adoption will came to bitcoins but what if not? And Bitcoins will be out powered? For sure the price will be affected and we can see the fall down. But let's not worry about this since for sure even though there are assumptions that something bad happen there will be another light that can make the bitcoins go up and became more stronger and actually I'm fully impressed on bitcoins for the past years since even how large the downfall came it bounce back and gain huge impact.

I don't think his prediction is wrong, it's just in the wrong times because at the current stage, the price of bitcoin is still at a fairly good level and always stays at four digits, and so we cannot accept the price of bitcoin as he is saying, it's too false and too inconsistent with the data being provided every day. However, the further future in this regard, it may be an accurate prediction when the product is always glorious and finished, it is only slow or fast, and the answer to this question is the future but it will be the future of the next generation, when something innovates and replaces.

Every hacking attempt drops Bitcoin price to low level, so if a group of hackers can hack wallets exchange and they find vulnerabilities on private keys, then it's possible that Bitcoin will hit $5, or even lower, but we have proven that Bitcoin is very secured but if there is a super computer that can disrupt the ledger or erase the blockchain info, then that would be a disaster.

There is nothing as disaster for the entire network to make the price fall to $5 or even lower to it. No matter the vulnerabilities and the threats with the security of the network, the price isn't gonna fall low to $5. As the adoption keeps rising same will be the development of the network. Years back it is possible to mine with normal desktop. Today it isn't possible anymore. So, to the growing market there is continued development which won't let the price fall at any cost to such a low value.

Only a slow death over 10-20 years would accomplish that 5$ prediction. On the other hand, it could still have some collectors value.

I'm not sure that hackers can lower prices, even $ 5. however, the current price effect is due to the need and demand. when bitcoin is no longer used, and is no longer needed, then the price will decrease far even potentially to make the price of bitcoin to zero.
but, until now, the potential for it does not exist, even rumored the price of bitcoin will continue to increase.

Hackers may lead a massive panic in the bitcoin community if they are going to hack on each and everyone's wallet but  for me it's impossible to happen in which by hacking those millions of wallet out their takes century. By dropping it to $5, is also impossible to happen since bitcoin is very popular and dominant crypto currency in which many people still hoping to have at least 1BTC, to change their way of living.

I think the best case scenario would be bitcoin having some sort of coding problem. I know it is not really that possible after 10 years but it is still the only possibility that we could come up with. If bitcoins code has some sort of weakness that makes people get as much bitcoin as they can they could print out bitcoin for free which would drop the price list a whole ton and that would be really the end of bitcoin.

If not then we could actually get people think bitcoin is dying to drop the price but it is not really gonna work because mainstream media has been trying to say bitcoin is dying but they have failed so far, there is really not that many ways bitcoin is falling so that is why I think the only possible way would be the coding break or maybe it is called hacking? I don't know but that is the only possibility.

The only thing in thought that could potentially force bitcoin's price down is probably if the government across the world cooperating to prohibit the use of any cryptocurrency by that people will avoid bitcoin because of the risk however doesn't meant that price can go down that much to $5 though because some people will just sneak and use it without the government knowing just like how torrent has given freedom to peolpe who want to share their file p2p without any authority interfering and maybe if the blockchain is somehow stuck because of losing hash power considering that bitcoin is still use Proof of Work which means require hash power but the chance for that to happen is really low.

It will be impossible for bitcoin to drop it's price to $5 because there are a lot of people who are buying bitcoin today, that is why it will continue to increased it's price in the future. I think the things that could happen to make bitcoin's price to go down is if everyone who uses bitcoin stop buying it and if governments in every country banned bitcoin.

A flash crash. It would happen only one single exchange. And would recover immediately. So unless you would have buy offer set to buy at $5 you would miss this opportunity. Flash crashes happened in past.

Are you sure you still want to buy when the price of bitcoin falls to $5? if that happens I think bitcoin is already broken. that means investors have already thrown away bitcoin, so how is it that there are still many people who hope again when it has fallen.

Bitcoin value can be zero, anything is possible in this world. If the whole world becomes Zombieland, or if another world war occurs or if the Bitcoin technology compromised then it is possible to see the end of the Bitcoin era! But honestly, I can't think even in a dream all these negative things. Bitcoin is a rapidly growing technology I mean day by day more countries are becoming convinced to endorse Bitcoin then why I need to think in such a negative way? Rather than making these topics I would encourage you to watch The Bitcoin and friends season from Youtube!

I can’t imagine bitcoin will drop to $5, as these days it is stronger and still there are demands. The price could drop if people who have bitcoin will sell all and no demands anymore to happen in bitcoin. But let’s think about the current situation is impossible in my opinion.

It is impossible to reach those levels after 10 years of living and so big market cap.
If this would be a case we need a lot of years in order to reach this price. Also, strong regulation might be opposed from governments all over the world in order to reduce the usage of Bitcoin and bitcoin mining.

I don't really think those predictions come from someone that is afraid I think those predictions come from someone that is ignorant of the history of bitcoin, it is simply impossible for the price to go to those levels, but I understand why some may like those prices to come back, they want to be like the early adopters, they want to buy bitcoin when it was really cheap so they can obtain gigantic profits when it goes up.

But we must face the truth those prices are never going to come back, we are never going to see them again, we are never going to be early adopters and yet it doesn't matter because the price of bitcoin will continue to grow during the next years and the only thing that you need to do to obtain profits is to keep holding it.

If that happen i will buy 10 btc and i will keep it for a long investment. I think its been possible because bitcoin price start at 1$ at 2009. So 5$ price will be possible too.
I think many are been happy,investor are buying many bitcoin if the price will drop. That is the investor waiting the bitcoin price will down and many are buying too.

I agree anything is possible but the probable answer to the value for BTC and many other prices is considering fully the question.    

$5 is a fraction, fully expanded we should write it as BTC / $

So with a greater Dollar price we should then expect a lower BTC price as a result.  If the Dollar currency should double in value and purchasing power then we have to expect by default that the BTC price is halved.    
  The reason to suspect that BTC price will not be falling long term in full consideration is that Dollar is not likely to double in value or even retain the value it had in 2019.   The value of US dollar is falling in line with the fiscal deficit spending that is occurring and this is similar to many countries now which will deliberately overspend.  Its a political policy to degrade the value of the national currency and place that value in overspending, doesn't matter our views on it as we just have to decide if its a reality and likely to continue.   If dollar is to continually lose value then lower prices for many things in use globally are unlikely, this is our backdrop for considering such a negative view as $5 BTC price.

So long as BTC is valid value exchange and stable in its known monetary base then great loss of value is unlikely until there is a far better alternative then most choices available now.   Price doesnt have to go up but I only think a failure is going to be especially harsh on its outcome over years, at least in dollar value.

Easy Peasy!

The 'landing' of our A.I. Alien Robotic Galactic Overlords!

Yep! That would pretty much do it!

(For them watching, I would make an 'excellent' minion, when the 'culling' starts for making 'human-burgers"...just saying) :)

Everyone starts dumping altogether can make it possible but there will be a counter action from those investors that are waiting for few hundred bucks of drop.

So, think of that scenario that when everyone wants to dump, there are people who are just waiting for that great grand entrance and would buy at any price of bitcoin's drop.

But not all people want to dump their bitcoin but yes everything is possible to change on firection take note we already falling down on $3,000 level so I believe in possibility, but take note theres also a lot of people want to buy bitcoinat a low price.

Possible on a single exchange especially on one of those with lower volume. They don't have enough liquidity and if some big holder dumped a thousand bitcoin in there who knows what buy orders would get triggered and what would the bots do.

If you're asking about global price going to 5 USD it would be a long process possibly taking years. There are people who bought for more than 5 and would never sell even if the price were to hit 100 USD or something like that so I doubt it's possible for us to ever go below 1k at this point. The community of hodlers is too big.

nothing is impossible in cryptocurrency all possibilities can occur. including bitcoin is only worth $ 5 it might be possible. this could happen because there might be a new, more sophisticated financial system that replaces cryptocurrency or there might be a catastrophe or a big war that makes the blockchain network disrupted eventually have an impact on the price of bitcoin. then when the price of bitcoin is at $ 500 I will sell all my bitcoins. but of course I always pray that all the events that will never happen.

It is only when the government of the world jointly declares war on bitcoin that I can assume that such thing will happen which I absolutely doubt.

Bitcoin has been of immense help to a lot of countries which I don’t see any reason to why they should dump it now, so that will make it impossible for them to have a joint agreement about it, and if there is any other factor that I am not thinking of makes that to happen, I think what I will do when I see such thing is to first of all take the risk of buying as much as I can buy hoping that the story will change later In the future so that when it eventually goes back to the usual price before after the fud must have been over, I can get that opportunity of being a billionaire through it back like people of 2010 lol.

Well even if it gets banned by governments all over the world, there are still black markets that can keep btc price well above water. I doubt that at this point and beyond, bitcoin can go even three digits. With popularity, usage and technology, chances are it's going to move on an upward trajectory. 5 dollars is pretty impossible regardless of the worst thing that can happen.

It's just an example.

And that scenario from $3000 to rise was also a great example. People wouldn't ignore the dumps that will happen for bitcoin. If there's an entry to buy it for a better and cheaper price, you'll see people rushing on it.

Yes, it can be possible but looking at how it going far from the price it is started before, it is too thin to see it dump hard again and reach $5. Bitcoin becomes a valuable coin in the market and that is a big reason why we can no longer see its price dropping so hard.
Of course, as an investor, I don't want to think negative but rather to stay optimistic at all times. Bitcoin keeps rallying and it makes me keep believing as well.

This can’t happen unless Bitcoin fails due to government regulation or some other major event. The cost of mining would like obviously not be worth it and transactions would stop.

Why always make bullshit news with bitcoin can be drop to $5, how ever with bitcoin have higher price above $9K right now and potential become above $10k at new year. Many people keep investing in bitcoin and hope one day bitcoin can be higher price and have popularity in the world become legal currency payment at the future.

Come on it's just a what if, don't take everything so serious you might have a heart attack anytime. ;D
You know it is possible to happen, right? With the combination of negative impact on the exchanges, miners, people etc., everything will start to decrease as the demand will start to diminish. But it's far from reality to happen yet so don't worry. ;)

As you mentioned, it is unlikely going to happen in the near future but the small possibility is making me nervous :)  The ban news by the different governments during the last year was affected badly to the BTC price and it is not rocket science to make the same psychological tricks again by the market manipulators.

If the op is to even consider the amount of bitcoin that is already locked in the market as a result of those that have lost their wallet password, those that are even death and many other reason why the value of bitcoin cannot drop that low because for bitcoin value to drop that low, it means that the market cap must have been totally drain to thousands and not even have record of millions again.

I believe along with you that we will never see any of those rice again as it will even be a very big disaster if the price over occur by mistake. There is more adoption of bitcoin in the future which I know fully well that will make the value of bitcoin to continue to appreciate over time. By the time bitcoin sets another milestone for bull run next year this value may even be the lowest we will ever see again.

they ban but they allow btc again . they alllow because they realize that they will missed big time if they dont support btc as early as possible.  with that said , i dont think that there will be more banning in the future so i also dont think that btc would drop big time.  instead of predicting imaginary stuffs like this , why can we just speculate about the reality or on the current state of btc if btc could ever make a comeback before we end this year

You're right about the reason--in order for bitcoin to hit a ridiculously low price of $5, there would have to be some massive selling with very little buying.  I would also say that if that ever were the case, every cryptocurrency would be in trouble and there would probably have to have been a major issue either with bitcoin itself or in the world economy or a nuclear bomb would have had to have destroyed a few countries or something outrageous like that.

There's just too much support for bitcoin to tank so badly just due to normal market forces.  Even though it's down from its ATH, it's still quite valuable and I don't think the bull market is over yet.  It's possible for bitcoin to fall to something like $5k or even below that, but $5?  Come on.  That isn't going to happen without some major disaster prompting it to drop that far.  It's a black swan event, as they say.

I don't think it is because of bitcoin because if you look at their top crypto on the list you will see that bitcoin is far from the top 5 coins. China just allow it because their president appreciate the blockchain technology but they don't fully support bitcoin and i don't know what was their reason for that.

I think that only one thing could make Bitcoin's price fall so low and it is simply the invention of a newer, better technology than blockchain. I think that this will not happen for many years, but with such rapid technological development it will certainly happen sometime. Just as financial markets will now adopt Blockchain, so will Blockchain in the future be replaced by newer technology. It is simply progress of civilization.

I don't think so that would be possible to happen it's been ten years already and we still haven't seen a newer version that would compete Bitcoin. Some of them have tried but they were not too close to compete with Bitcoin since most of them turned into another altcoins just like what happened to BCH and BSV.

Well, it is always the problem of sacrificing one pillar to gain something on the other one. Either you sacrifice decentralisation and get more throughput, or you go all the way for decentralisation with 1 MB blocks. You can even see how bad the adoption of all these different Bitcoin forks is.

I just thank Bitcoin Jesus quite a lot for my 16% Bitcoin bonus when selling his fork. :)

BCH and BSV thats are only forked coins, so just ordinary copies and nothing more.

There are coins that have different, maybe even better technology than Bitcoin (for example, Monero in terms of anonymity), but they are not recognizable and popular enough to threaten the dominant position of the king.

However, I talked about the fact that only a completely new technology - better than Blockchain,  can make the price of Bitcoin fall to $5.

although occur new coins that better than bitcoin , i am not sure it could make bitcoin price drop alot. Except if no more traders and investor that buying bitcoin and other cryptocurrency , it could happen. Or in another word crypto start dying and get no trust anymore from investors. And i am agree with this statement that said bch and bsv only supercopy from bitcoin. There is nothing special from these coins.

many people are interested in blockchain technology, even in my country blockchain was developed to be implemented on several platforms. while bitcoin is the first and most popular digital currency, so in my opinion, no other coin is able to shift the price of bitcoin but true, if there is new technology better than blockchain, bitcoin can drop.

I know it's only a simulation, but if it happens. why you have to buy a lot when the value is destroyed, you can imagine why people throw away bitcoin, for example from the price of $50k then to $5. what do you think about investors? I think when there are still many people who want to buy, this is just gambling, will there be a spike or increasingly worthless.

Considering the crypto market and the bitcoin market to be specific, it is gonna be very difficult to point out any specific thing that can cause the crash of the price of Bitcoin to $5. The only thing I can think of making bitcoin crash to $5 is the crash of blockchain technology.  Blockchain technology is the only thing that can cause the value of bitcoin to drop to $0.  If blockchain technology becomes irrelevant to the entire world, bitcoin might crash so hard.

why do I dare to buy it, because now I still hold bitcoin and will hold it until the time comes when the time comes I will sell it and when I'm already lucky there's nothing wrong when bitcoin falls to a low price and I just buy it as if I donate to plant it  again  :) about investors not all have the same thought indeed they know about it and I also believe that not so many people who want to buy it when the price falls dramatically later  ;) so I just simulated it all is not certain, and many of everyone is waiting  the magic of bitcoin someday?  so we can see later when bitcoin falls drastically whether there are those who want to buy or not and I just think that falling bitcoin doesn't go smoothly but it can just walk like gold  ;D

I think will respect on your choice. In investment, anything that might be happen, we must be prepared for it. If bitcoin go to $5 and there are some people still want to buy it, it is their choice. Profit or lose, who already bought it in any price must be ready to accept it.

hold bitcoin for now is certainly realistic, because bitcoin is still in good condition, and even many people have big expectations in 2020-2021 bitcoin can still increase higher.
but if bitcoin drops to $5 drastically it's really in bad condition. of course, I do not prohibit any choice, it all depends on each. here I am only talking realistically. because of course whatever happens in the future, we will never know.

Closing of all exchanges with fiat gateways could. Easy. No fiat liquidity, no way to exchange BTC for fiat money, no way to spend it, no desire to hold it.

Indeed buying at wrong time will be only lose as when it’s time to buy you should only buy and when time to sell then you can sell but it’s actually our patience is the most important thing we should use to earn from it as if we all will sell it when the price is not suitable for it then we will only make lose and panic selling reduce the value of the coin but I never expect this much fall from bitcoin.

indeed like that we know many people who predict the price of bitcoin next year but don't expect too much for it because we will never know to what number bitcoin will surge, just a suggestion when waiting for that moment I still play for the short term take little profit especially at this time the price of bitcoin is still enjoyable to play in the short term. I think we will be thinking realistically because it's true what you say we will never know in the future so, for now we take the moment profit cheers  8)

if you are good at analyzing short term movements like when in and out, it's really good to take advantage of fluctuations in the price of bitcoin. it's good for increasing your bitcoin growth while waiting for next year. but I'm a little difficult for that, so it's likely I will collect and buy when it will fall again.

And even a better technology does not mean that bitcoin will go that low in value, for example if the technology that surpassed the blockchain was closed source then many in this market will not exchange their bitcoins for that new coin since they will have doubts about the intentions of those behind the technology or if there are secret backdoors that allows them to do whatever they want.

And if that was not enough the advantage that bitcoin has over every competitor gets larger every year so if such technology does not appear soon by the time it does it could be too late and bitcoin will be too big too fail and to replace.

all those factors stated in the thread that can dump its prices have little to no possibilities. Bitcoin does not have a governing system but have the strongest community, the community is also the wealthiest and largest. All the technical factors are deficient , except politics. I cant imagine Trump coming against bitcoin today to pull it down, if he does then its over. It is not coming to $5 but 0

I doubt there is anything left. Mainstream media tried everything in their power to make it go away but bitcoin is not going away. Why did media wanted it go away? Because, there are a lot of rich people who own the media and they didn't wanted bitcoin to succeed because if bitcoin did they would lose a lot of money so they spent all their effort and power to belittle bitcoin but they failed because nobody cared about mainstream media when they could simply just make money and profit. That is what matters to people, their own personal money.

You think there is a political thing that is wrong in your country? Tell people to spend their own money to keep it going and they will say no and that thing will soon be gone because nobody believes in anything as much as their own money.

I'm definitely sure that the media is not that homogenous as you make it to be. Even the mainstream has many press releases with a bullish background when it comes to crypto currencies.

We cant deny that media would really have a big impact when it comes to things yet they can somehow alter informations either it would be negative nor positive.

but we know on how media been attacking bitcoin most of the time.I can even count on how many are only the positive ones and mostly they are on the opposite but as said
they arent that homogenous to make such big effect or shall we say on making bitcoins price supressed that too low.

if you want to buy and collect it back maybe right now, a week I see the movement can only last $8,000 and now $7390 I think this is the right time for us to be able to invest it in the future even if there is still hope to fall again. I'm still waiting and  pay attention to the right price when I want to buy it for short-term play.

I don't think this is the right time to buy, I see some of the analysis says can go down below $7000, so it's better to wait for it than I buy now. if you want to play short term it should be good to touch 7000, because every drop there will be the bounce of a price.

I don't think that it would ever happen to Bitcoin ,
But if it does happen I think I would just move into another crypto the one that makes Bitcoin drops because surely if that ever happens some new crypto has taken over it's place as the king of all crypto,
And I would try to accumulate as much as I can and hope that it would come back to being a high price.

bitcoin is number 1, so where are you moving to another crypto? I think when it happens on bitcoin, even altcoins will follow the same thing. that will be developed for the future are technologies like blockchain and maybe if there is something better, it will make bitcoin fall. no other crypto.

If bitcoin will fall, then what we have to expect for other cryptos? I believe the entire market will suffer a big loss by then.
But thinking how Bitcoin reaches $5, it seems to be impossible and I don't see any reason for that drops. If we could see the massive growth of Bitcoins demand, it certainly no reason that we go down deeper as what OP may think about.

For me to drop the price of bitcoin to 5$ or the reason for it to happen. It is the government, it can enforce it and force people to sell bitcoins to the government or otherwise confiscate it. This is the way i see bitcoin break down and its price fall. But I think this is unlikely to happen because the government is now accepting bitcoin, as well as big companies.

It’s been on a downward trend since July, popped a few times thanks to a couple of whales. BTC is still vital to the future but I am holding to accumulate more at lower levels in larger quantity. I’m ok with the drops if it smears out the Sats from one whale to millions of people.

I mean if government forcing people to sell their bitcoin to the government isn't that adding the demands and could start the rumour that bitcoin and cryptos is starting to be accepted just because the government wanted to buy it? doesn't make sense at all. You need to remember that governments aren't officialy accepting bitcoin they always observing and didnt intervene until now but I know if they want to accept crypto they will create their own just like what china proposed because government is all about taking control over everything.

do not have to wait for bitcoin to fall to $5, you can see the current conditions, every movement of bitcoin decreases, altcoin prices increasingly falling. so what can we expect when the price of bitcoin is increasingly falling.
we don't know in the future whether anyone makes it better than bitcoin? but I don't think that's impossible, we need the technology, not virtual currency again.

yes, two days ago I had a short-term moment and now I have bought it at the current price and maybe about three weeks I will resell it depending on the right moment when I want to take it. but if you do not dare do that more well you just wait and it's true what you say the price still wants to go down, good luck bro !!

I think it might happen because there is a better digital currency than bitcoin and it's also decentralized and more safe and more mainstream than bitcoin, that's the time bitcoin will suffer a bad days because people are moving to the new one. But i'm sure the chance of this happen is too small since in the 10 years behind there are no digital currency that close to bitcoin in terms of usability

yeah finally touching under 7000 is really good to buy, because buy every dip as long as it's under 7000 is pretty good. I get a little to backup. same as some analysis that it will fall to 6700 and I try to put on it 6800. if it reaches 7500 maybe I will take it off.

Don't you think that if any government had the power to eliminate bitcoin they could have done so already? Governments and financial institutions do not like bitcoin at all, they do not like what it represents, they do not like that it doesn't require their permission, they do not like that it gives us almost unlimited freedom to do whatever we want with our money and they do not like that we do not need to reveal our identities to use it.

Basically bitcoin stands against everything they stand for and they know there is a huge risk for them that if people adopt bitcoin or any other cryptocurrency they are going to lose a great deal of the control they have over the economy so if they could make bitcoin disappear I do not know what they are waiting for.

There are actually coins on the market that have usability advantages that can compete with Bitcoin - for example, anonymity Monero or DASH. However, Bitcoin wins with all of them with its popularity and recognition on the market. This situation will be able to change when people begins to learn about the usefulness of cryptocurrencies, and they did not see in them only speculative tool and the opportunity to earn money.

Surely the market is so volatile these days I can see the price is low but it will be high again after some time so better hold it and wait to see it again higher as much it was in 2017. We can make a prediction and according to recent moves, I think the price of bitcoin will now increase. $5K is not a suitable price for bitcoin it will rise up higher instead of falling.

This will come with time, when the dot com bubble happened not many saw the need for all of those companies, but they knew that somehow they were the future and they did not wanted to be left behind, so for a time those stocks gained value not because the effect they had on the economy at that time but for the effect they will have, as you can see their value was mostly speculative at the time and when it crashed many were predicting those stocks will never recover.

But the few good companies that emerged became the giants of today and their effects can be felt in all aspects of our lives and something similar will most likely happen to this market.

I got another take on this question though really its an extreme number and slightly silly, 500 would have served the same purpose for a target in the question.
   Dollar is not rising in value, the number produced and in promise set in debt obligations is gigantic into the trillions.   The likely outcome is lower dollar value as expected, if you want to answer such an extreme question beyond the failure of BTC itself the answer might be the dollar.

If dollar as a currency standard excluding all political considerations and users external to its plain value were to be removed from its influence then we might see it revert to the pre nixon Dollar standard, thats coming upto 50 years since we fell off the wagon.  Its extremely unlikely to occur but nothing is impossible and some would argue its necessary.
  So we're talking dollar returning to a gold standard or a sold set ratio of value known to the world.   This is likely forcing the mass default of dollar denominated debt such as treasury bonds.  We would be talking a surplus fiscal budget not just in USA but many countries as so many use dollar debt finance and the value rising is unconsidered.
  We're also talking the massive cuts to fiscal budgets to allow a surplus to taxes earnt, it would probably some recession from the upset to accounts.   It is possible it could be positive long term and as said at the start it means Dollar currency standard becomes a solid prospect forcing many prices down.

In a strong dollar scenario beyond imagination but still feasible then BTC at $5 would be quite a high price, it'd revert 10 years of QE programs for starters and send us back in time to a harder ratio for crypto.   Neither Dollar or BTC would break, it would mean the break of 20 trillions of dollar debt similar to seen in failed nation states.   It can happen but usually its not by choice.

https://www.thebalance.com/budget-deficit-definition-and-how-it-affects-the-economy-3305820

Maybe people not interested in bitcoin anymore and they left bitcoin so there is not demand and supply in the market like ten years ago someone buy pizza with 10,000 bitcoin haha

what i do? i will buy a lot of bitcoins and pray people will came back and makes change in the bitcoin price, haha look like impossible
no, i do nothing when bitcoin going to $5  :)

I think this is a question that does not need to be asked, in terms of the high popularity of Bitcoin, you still think so. I suggest you multiply again to read the news so that your knowledge is broader, so that stupid questions like this do not come out anymore.

you need to know throughout the world busy talking about the development of Bitcoin. so in my opinion "Drop To $5" is impossible.

That's your thinking right now because you think bitcoin can't fall to $ 5. If your hypothetical situation really happens, I am sure you won't buy because you will see it as a pile of trash.

of course, bitcoin price affected by people's interest.... when people not interest with bitcoin anymore its can impact to bitcoin price
so many people came to cryptocurrency world one year ago,,, now many people trade bitcoin and others so based it i think bitcoin fall to $5 is impossible....

Unfortunate event like correcting and other stuff that occurs after a huge changes in the market. Bitcoin to 5 USD seems possible but how unimaginable for it to happen. Hitting 6k USD mark is quite tough for bitcoin and in addition it does take time. On the other hand when bitcoin is about to reach that mark it must be completely useless, and unworthy for it not to be worthy of even a single demand in the market which I don't think will happen, and that is the only factor I can imagine of.

It is very easy to say that we will do one thing in hindsight but when we are presented with the opportunity to do it we don't, lets look at a more recent a scenario, at the beginning of this year bitcoin was valued at 3000 dollars and it was a really attractive price, but how many people bought bitcoin at that price? Very little I'm sure of it, and the reason is simple they thought that the price of bitcoin will keep crashing and they did not want it to invest in what at the time seemed to be a bad investment.

Months after it the price of bitcoin surpassed 13000 and we had people complaining about missing the opportunity to buy bitcoin when it was cheap, so I do not believe it for even a second that people are going to buy bitcoin if it crashes all the way to 5 dollars.