If the price drops to 0.01 or lower, I will buy quite a lot of Ethereum.
Except that you probably wont. Either because it wont drop or because you change your mind when you see the bear market and bad news necessary for such a drop.
True, market psychology 101. Also true why people who say I am going to sell all my Eth at 0.035, 0.4, or whatever don't, because they get greedy and hold out for more.
Here is a more likely scenario based on human behavior:
Price low 0.001 or whatever - coin is ignored or thought it "won't go anywhere" by most.
Price moves up a bit - still ignored by most, thought of as "pump and dump -I am staying out".
Price has made tons of gains and it up 100's or even 1000's of percent - FOMO people buying with both hands "I better get in before it too late, to the MOON!"
Price drops down slightly under their investment - "oh well, probably only a minor correction, I will hold on."
Price drops a lot under their investment - "Oh shit, I screwed up, better get out while I can walk away with something, this shit is going to 0"
Price is back to, or close to original price point - "Damn, I glad I sold when I did, I knew this was a shit coin, never touching it again."
Process repeats...