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Author Topic: Bitcoin: At Only $500  (Read 1321 times)
CryptoBry
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August 07, 2017, 11:16:49 AM
 #1

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

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August 07, 2017, 12:01:33 PM
 #2

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

Bitcoin as a currency of the masses has proven over and over again, that it is here to stay and we the people are happy for that. It is a currency of value. No matter what the exchange rate to fiat currency turns to be, I believe that will not take away the real value it represents. Thus, it will always bounce back with time. In that case, I will always hold unto my Bitcoin notwithstanding any prevailing exchange rate and even buy more if I have the financial capacity to do so. Bitcoin all the way!

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August 07, 2017, 12:03:27 PM
 #3

The circumstances leading to it becoming $500 would need to be considered and taken into account, I think if it was dropping quickly then you might see people jumping ship and buying back in as it got lower.
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August 07, 2017, 12:06:23 PM
 #4

The only time I will be buying Bitcoin at the 500$ level is when it has established its base their. But if there is no sign that it will stop at the 500$ level I will just continue to monitor it. And yes I will buy back Bitcoin as long as there is no bad news ruining it or any legal issues behind its fall. With that kind of Bottom Fishing Technique I could have easily doubled or even tripled my money if I have that opportunity.

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August 07, 2017, 12:15:43 PM
 #5

It depends on the situation on that day, if the price of bitcoin hit only $500 that must be something big happened on that day. So i must know first what happen and after that i can choose my decision. If it worse, i will leave bitcoin and try other altcoins because i'm sure other altcoin will rise.
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August 07, 2017, 12:16:55 PM
 #6

lol ill buy it, or wait even lower. everyone may think bitcoin is doomed but i better put my money to this coin and have the chance of becoming millionaire.

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August 07, 2017, 12:17:55 PM
 #7

i think it will hit 2000$ when BCC will be enough pumped

then race to 10k in 2018
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August 07, 2017, 12:39:36 PM
 #8

If that really happens (which it could) then a lot of people would change their talk.
And i think support would go down considerably... but btc has gone through worse price movements in terms of percentages..

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August 07, 2017, 12:46:43 PM
 #9

Well, materially and calculations that bitcoin is the most advantageous place to get roi. Because the price fluctuations bitcoin is absolutely wonderful, so for those who can read all the things there is surely going to get a very quick ROI. But it is indeed one thing we have to do is have patience, because without a certain patience we'll get something harmful. Because patience is a very important thing to have.
 


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August 07, 2017, 01:00:19 PM
 #10

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!
This question have been asked already for how many times on this forum but i would still answer this one.Its really hard to believe that it would crash again on $500 price point but theres really always a possibility knowing here on cryptoworld theres no assurance of steady or strong support of prices because anytime there would a possibility that price might crash in a shortest period of time. In this case,i will still observe on how the price would behave on those situation if it start to rise up again then i guess its the best time to buy again.



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August 07, 2017, 01:03:43 PM
 #11

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

Bitcoin prices are not fixed by any organization, nor are they pegged to value of any other currency or commodity. Sole determinant of its price is users of Bitcoin themselves. So if there is any possible depreciation of Bitcoin to $500, it won't be drastically first. Rather it would be step-wise gradual decrease. Now this gradual decrease can be further fragmented into several stages consisting following -
1. Big cause backing decrease like ban, illegality, split, etc.
2. Initial downfall due to any above cause.
3. Panic selling due to downfall in price.
4. Permanent leaving by hodlers.

If these four steps happen, I would for sure be leaving BTC as there would be hardly any chance of reviving market.

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August 07, 2017, 01:08:44 PM
 #12

Depends on the situation and the reasons why the bitcoin can crashed, if the reasons still can make bitcoin price bounce back then of course I will buy a lot, but if it is crashed because there is a hole in the system then I wont buy it anymore
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August 07, 2017, 02:53:33 PM
 #13

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

It would really be the circumstance of the price plunge. For example, before the fork, the price did dip a bit but I think most people managed to keep their trust in bitcoin. As we're seeing now, the price has pretty much more than rebounded.

It dropping back to as low as $500 would be troubling though. I think that would only happen if it got banned or became unusable.
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August 07, 2017, 03:09:50 PM
 #14

It depends on how you trust the future of Bitcoin and what you can afford to lose.
If you are really confident with Bitcoin, you can continue to hold your coin and wait to see the value coming back to what it was. You know you won't lose something, it's just a matter of patience. How big the patience shall be is, of course, another story.
If you are on low budget and can't afford to lose some money it' better to join the selling market because we all have bills to pay and a family to feed. It's like gambling with a money you can't afford to lose.If you tell to your wife you can pay the next bills because you spent all in the casino. You know what's going to happen Cheesy

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August 07, 2017, 03:19:15 PM
 #15

I'll simply buy more of them and HODL. Blockchain technology is getting more and more interest from various audience that's why I'm going to buy and HODL if bitcoin crashed to $500.

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August 07, 2017, 03:37:39 PM
 #16

$500 is not bad for bitcoin, I remember it being from 2000$ to $900 but do the supporters of bitcoin sell? No, instead it only make the demand go outrageous then go back from its highest value and it even overcome it then go higher. Bitcoin already has a great foundation and it cannot be destroyed only because the price go lower than other expected, it will only grow and grow and stopping it will be a hard thing. Even BCH didn't get that chance. Holding it is the best choice no matter what it can go over $200 but it will still be alive and grow and wait for the investors to notice it again.

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August 07, 2017, 03:45:03 PM
 #17

Well of course there is a part that does sell...that's why it goes down in your example from 2000 - 900.

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August 07, 2017, 04:16:22 PM
 #18

I will not sell, nor will I hodl, I WILL HOARD! That is right, I will buy with every single cent I have in my pockets just to buy more bitcoins.

That drop is likely just a temporary one and likely the prices will go back up in a very quick phase too. I think that will happen when satoshi suddenly dumps his 1,000,000 bitcoins in just one go.

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August 07, 2017, 04:44:23 PM
 #19

I think the probability of occurrence of this is close to zero. but if it happens:

Such a reduction in Bitcoin price is likely sign a Bitcoin death. Of course the reason of price fall should be considered.



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August 07, 2017, 05:05:22 PM
 #20

I will not sell, nor will I hodl, I WILL HOARD! That is right, I will buy with every single cent I have in my pockets just to buy more bitcoins.

That drop is likely just a temporary one and likely the prices will go back up in a very quick phase too. I think that will happen when satoshi suddenly dumps his 1,000,000 bitcoins in just one go.
Haha he not stupid as your tell, why not choose selling slowly and enjoy the profit from the growth of Bitcoin everyday? And he also not want sell his Bitcoin soon because as my knowledge, he waiting Bitcoin can popular than in most contry on the world's before sell it.

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