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Author Topic: Bitcoin: At Only $500  (Read 1321 times)
bamboylee
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August 07, 2017, 05:16:06 PM
 #21

In reality it is hard to fall back to 500$ because every time it sheds a thousand dollar, people will see it as a buy opportunity and will push the price back up. The only reason it will fall is if someone finds an irreparable flaw in the system. In which case, I will sell way above that price and secure profit. And will still buy if it falls beyond 500$ just in case it gets revived.

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August 07, 2017, 05:26:03 PM
 #22

If that somehow happen (I don't think it will but let's tell it hypotetically), it wouldn't stay in that position for long time. People would start buying it massively and it would grow rapidly. It would probably reach the moon Smiley

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August 07, 2017, 06:34:25 PM
 #23

For bitcoin to get back to  $500 may not be possible again as the current price movement proved that bitcoin is poise to appreciate instead of depreciate. We can really see the position of thing by analysis how hard it is to get to were it is today. Bitcoin forth it way to this present state by stand against all opposition to push it back. We have strong support at $2800, $2,500, $2,000, $1750, $1500 and $1,000 if bitcoin fell bellow this then something fundamentally is wrong and I will hold my coin because I have faith that bitcoin will get to $10,000.

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August 07, 2017, 06:51:44 PM
 #24

Even when the price was below $1000 price of bitcoin was fluctuating. Now with the increased price too the price fluctuation is commonly taking place. So price drop cannot be considered as a crash. Even if something negative happens too the price will grow back in a short.


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August 07, 2017, 06:58:26 PM
 #25

This price will not be never. Bitcoin is limited and therefore by the laws of Economics the price of it will decline. I believe that soon trade with bitcoin will receive a boost to its development and this will only increase the demand for bitcoin and thus the price will continue to grow.

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August 07, 2017, 07:25:51 PM
 #26

No never, if the price is decreased to this level of $500 (which doesn't seems to be happen) i will never going to sell it because surely it will rise again. The bitcoin market have many ups and downs that doesn't mean that we will cash out and stop using it. It is still the best of all.



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August 07, 2017, 07:34:22 PM
 #27

Dude world will go upside down to invest everything they have got into bitcoin. This is because of faith that everyone knows bitcoin will go up in short time again. However your question is very imaginative as price of bitcoin will never fall to that much low henceforth. Due this activation of segwit it would be more stable and blockchain will be little more efficient than previous stage. It is kinda upgrade that made it more stable now and the price will keep rising now.

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August 07, 2017, 08:04:11 PM
 #28

In reality it is hard to fall back to 500$ because every time it sheds a thousand dollar, people will see it as a buy opportunity and will push the price back up. The only reason it will fall is if someone finds an irreparable flaw in the system. In which case, I will sell way above that price and secure profit. And will still buy if it falls beyond 500$ just in case it gets revived.
This is basically my opinion only expressed way better than I could have done.
Basically, bitcoin is valuable, because people give it value.
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August 07, 2017, 08:06:27 PM
 #29

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!
I would surely purchase more and more bitcoins if the price goes down to 500$. I missed a chance to have more profit by purchasing bitcoins in the past. I regret now. If the price really goes below up to 500$ then i will purchase bitcoin in a large amount and then i will surely wait a lot until the price again comes to level.

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August 07, 2017, 09:19:19 PM
 #30

Even when the price was below $1000 price of bitcoin was fluctuating. Now with the increased price too the price fluctuation is commonly taking place. So price drop cannot be considered as a crash. Even if something negative happens too the price will grow back in a short.

Want to see the price of bitcoin in term of 500$ is like a day dream. Today price of bitcoin is around 3353$.So now 500$  is 7 times of  today price. If this happens so you will get some additional amount
As a profit .It is help for fullfil ours additional desire.
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August 07, 2017, 11:01:19 PM
 #31

Even when the price was below $1000 price of bitcoin was fluctuating. Now with the increased price too the price fluctuation is commonly taking place. So price drop cannot be considered as a crash. Even if something negative happens too the price will grow back in a short.
that is right that we can only see the correction but not a bitcoin crash. i think the price of bitcoin is going to increase nonstop for some time and may be after reaching to 4000$ it will stay there for some time and will take correction and after that it will again start increasing and hopefully will reach to 5000$ smoothly.
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August 07, 2017, 11:10:49 PM
 #32

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?

The thing is, bitcoin won't ever drop back to $500 again, the last crash proven it held on $1800 as the lowest price, reluctant to go further down.
But, if bitcoin somehow crash and fall to $500, maybe because something - big problem, I won't buy it unless it won't fall even further. I will buy back, but at the lowest point obviously, as I know bitcoin will recover to the ATH and rise again. No doubt about it.

freebutcaged
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August 07, 2017, 11:37:36 PM
 #33

How many exact copies of Bitcoin are out there but without any support and real market value? there are many and there are some truly legit

Coins, we have countless alternatives for it but only this original one is the most successful of them all. what other coins do you have in mind mate?

One way or another, people will always use decentralized currency when they need it and there will always be some restrictions from governments

To push the people towards cryptocurrencies. here stands Bitcoin to use it for what it can offer. I don't see any time soon anyone stop eating unless

They're dead, so why would people stop using Bitcoin ever?
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August 08, 2017, 12:20:47 AM
 #34

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!

I would sell before that.
And I don't think Bitcoin will drop to $500 but maybe $1,500 after the bubble bursts.
Right now the price is surging exponentially, so the bubble is going to burst soon.


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August 08, 2017, 12:33:32 AM
 #35

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!

Maybe in that time some reasons why it went down is there are already better crypto out there probably by the same team and btc would just be a leftout project. For mw i would not anymore and would invest in some better investment that made btc go at such price. Admit it that btc wont always be the number and its just served as a pioneer for other cryptocurrencies.

                                     
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freebutcaged
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August 08, 2017, 03:40:32 AM
 #36

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!

Maybe in that time some reasons why it went down is there are already better crypto out there probably by the same team and btc would just be a leftout project. For mw i would not anymore and would invest in some better investment that made btc go at such price. Admit it that btc wont always be the number and its just served as a pioneer for other cryptocurrencies.
Utter bullshit, so many what ifs and despite them all we're going up, I know well enough that current price increase is not natural, people are buying

In anticipation of another possible split to have as many Bitcoins as possible to claim some free altcoin, because I don't think the difficulty level is high

Enough to justify the rise to $3300 plus wide market spread. I can only believe in this price if it can hold it's place even if the dumps are more than

Those buy walls for at least 2 weeks. Bitcoin is the pioneer and will remain the number one and if at any time and price it starts to fail it's market

And crashes then we'll know the limit, then any other crypto going up to the same levels of BTC, know for sure that they will crash or better say

Drop back like Bitcoin did, but I don't think that's probable because no other coin has the brand.
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August 08, 2017, 03:58:03 AM
 #37


Sure you will enjoy the reading posts and will be selecting best answer you like and meanwhile I'm going to buy thousands of BTC if it is going that down. Lols.


You I'm pretty sure that people will want to buy bitcoins more and more once it starts moving down. However with current scenario I don't think bitcoin will fall because once it starts moving down people sell due to panicking and then the prices of bitcoin fall to a specific amount. Once it's stable at that low point there will be some people who will be buying because they know it's very low and can profit them. So now due to their investment bitcoin starts gaining the value back again.



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Sadlife
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August 08, 2017, 04:08:26 AM
 #38

That crash will be very unlikely to happen, yes bitcoin is a volatile currency but it will not crash to $500 anytime soon although it might take some few dips like a $100-200 reduction in its value but the price will always bounce back this happens to give traders chance to buy and sell bitcoin when the price decrease and when the price soars up to newer highs. If you're wondering why bitcoin will not crash into all time low because the price isn't just supported by traders but also merchants, local and online businesses, like restaurants, hotels, e-commerce even countries started accepting it.  That's why it wont crash.






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August 08, 2017, 04:55:40 AM
 #39

That crash will be very unlikely to happen, yes bitcoin is a volatile currency but it will not crash to $500 anytime soon although it might take some few dips like a $100-200 reduction in its value but the price will always bounce back this happens to give traders chance to buy and sell bitcoin when the price decrease and when the price soars up to newer highs. If you're wondering why bitcoin will not crash into all time low because the price isn't just supported by traders but also merchants, local and online businesses, like restaurants, hotels, e-commerce even countries started accepting it.  That's why it wont crash.

Because already there been a lot of demand and interest in bitcoin on the market, so it's very unlikely that bitcoin crashes badly let alone up to $500 I guess it will not happen. Now bitcoin has become big and strong, so it feels very hard to knock down a strong wall.

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August 08, 2017, 05:25:02 AM
 #40

That crash will be very unlikely to happen, yes bitcoin is a volatile currency but it will not crash to $500 anytime soon although it might take some few dips like a $100-200 reduction in its value but the price will always bounce back this happens to give traders chance to buy and sell bitcoin when the price decrease and when the price soars up to newer highs. If you're wondering why bitcoin will not crash into all time low because the price isn't just supported by traders but also merchants, local and online businesses, like restaurants, hotels, e-commerce even countries started accepting it.  That's why it wont crash.

Because already there been a lot of demand and interest in bitcoin on the market, so it's very unlikely that bitcoin crashes badly let alone up to $500 I guess it will not happen. Now bitcoin has become big and strong, so it feels very hard to knock down a strong wall.
I think still depending the exchange BTC-e in next time can refund the funds of their user or not, because after BTC-e has said they will refund in September until October, the price of Bitcoin stable at price $2500 and growth until today.
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