what will happen

[Derek86]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

[1714519822]

1714519822

[1714519822]

1714519822

[mk4]

It completely depends on the reason of why it crashed. If it's just plain 'ol market volatility, then sure, chances are it will rebound back up in the future. But if it's something like the developers abandoning the project(which is very very unlikely in my opinion) then it might not recover if no one is going to continue to work on the project.

[Fuhre]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

yes, of course it will recover because IMO bitcoin is designed so that its price fluctuates. maybe some people would panic if the price fell again below the $ 10,000 figure but I would not panic, why? yes, as I said before its "in fluctuating design" so what should be in the panic. if true will fall in my opinion will not be long, bitcoin will soon improve its performance again and will keep pumping.

[creeps]

If the reason of that dump are really acceptable I don't think bitcoin can survive, but I still believe that bitcoin will not back on that price and its really impossible because many people will suffer if that things happen. Bitcoin is created for a brighter future and I believe we will on higher level in the coming year, though FUD will still be there but still bitcoin will go higher no matter what.

[magneto]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

If the sole reason for the dump was that people offload their coins and think that crypto has no future, and making an irrational decision of dumping off more coins because of that and bitcoin has not intrinsically changed, then yeah, I have full belief in bitcoin making a comeback and increasing to much higher levels when people get out of that mindset.

If BTC drops 90% on any given day, there will be a rebound.

Whether a temporary or long term one, we'll not know until it actually happens. But markets will rebound after a huge price tank like that. If you're holding your coins to prepare for a financial collapse, you should be prepared for these events to happen.

[Pursuer]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

I doesn't matter how much faith I have in bitcoin if it drops to $1000 I will lose it all. and I say it is absolutely impossible for that to happen.
$1000 means that everything so far was meaningless! all the rise, all the buy supports, all the millions of people buying bitcoin were an illusion, all the adoption that took place among merchants, all the records that were broken among them were an illusion.... which simply is not true! as you can see price couldn't be kept below $10k for long and the bottom didn't last that long either.

[batang_bitcoin]

I just want to know how much faith do you guys have in bitcoin...

Can't measure it but it comes to the point that I'm trusting it with my future. I do believe that in the near future this will definitely beneficial so in measurement, I have a big faith for bitcoin.

If bitcoin drops bellow $1000, do you think it will still recover someday?

The market will drop when it rises so I'm always expecting that there are drops but after that it will recover somehow.

[adam1230]

If btc price hit 1000$ i will buy more bitcoins and ethereum.
And i know too many people will buy more and more so this will not happen again.

[Samarkand]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Bitcoin will never drop to a level that is as low as 1000 $ / BTC again.

In my opinion the following 2 reasons make a scenario like you describe impossible:

1. The Bitcoin price is dependent on the performance of the paired fiat currency. Just take a
look at the loss of the purchasing power of the $ over the last 100 years and you will see that
even if Bitcoin doesn´t really do anything the BTC/USD price will simply rise, because the $ falls in value.
An asset with a perfect monetary policy can´t really lose against fiat currencies with a terrible
monetary policy.

2. The miners (and other parties) are heavily incentivized to prevent Bitcoin from dropping
below the average cost of mining a single Bitcoin.

You can find the full argument in another thread where I already elaborated this theory of mine:
Why the Bitcoin price is not going to fall below a certain price point

[LFC_Bitcoin]

I don’t think we’ll ever see a 3 digit USD value for bitcoin again, too many people would probably almost kill to get coins in the low thousands. It’d take something catastrophic to see 3 digit USD vslue for bitcoin & I’m not sure what if anything could cause that.

[h0lybyte]

It is important to perceive the intention behind irregular rise and fall in bitcoin before you estimate what will happen in future. Many phenomenon can cause downtrend in bitcoin market but in usual situation the downtrend happens when the price reaches a certain score, people will start to sell, in this condition the price is more likely to return after a brief period

[nydiacaskey01]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

It's a long shot for Bitcoin to drop to $1,000 USD or not even close to it, but with FUD, fake news and manipulators like whales, it might happen, however, Bitcoin right now somewhat established its name and purpose which is one of the important factor for Bitcoin to stay afloat. Some alts make come close to replacing it, but Bitcoin is Bitcoin and Bitcoin is King. I'll buy some more to fill my bags of BTC and ETH if ever it happens.

[harizen]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Dropping back to $1,000 means that a serious and major event happened on the way. So serious that most people left the game. Even bitcoin was meant for long term and expected to rise up more in the future, we don't want to start again at the bottom specifically at below $1,000. We also don't know if other altcoins now taking the spotlight and surpass bitcoin because of that massive price crash.

Will it recover? It will depend on community's respond and if somehow we can see some "light" that bitcoin will able to rise on top again.

But above all of that, don't think of that too much. Although it has chances to happened, it's quite hard to think that bitcoin will go back again at that level.

[iv4n]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Why do you question our faith? Do you have faith in crypto? I don't wait for recover I believe in 100k in next two and a half years. A lot of things is happening around, but of nothing move price so high bitcoin halving will do that for sure, in the middle of 2020. Time is passing fast and I remember last halving, but now bitcoin is more popular and adapted in few countries already. More countries will join in next two years, and if that popularity and demand don't rise price to 100k dollars mark, halving will do that mark my words. Now 2 years seems long, but it will pass do you have time to wait that rise or you will sell your bitcoins for some cheap money? Choice is ours to wait or not.

[beskid]

If there is no bad news about bitcoin in the near future, then it should drop to the cost of 8500-9500 US dollars for the last time and then go on to a long growth.This will be the last time for purchase before takeoff bitcoin.

[Kevin77]

If the reason of that dump are really acceptable I don't think bitcoin can survive, but I still believe that bitcoin will not back on that price and its really impossible because many people will suffer if that things happen. Bitcoin is created for a brighter future and I believe we will on higher level in the coming year, though FUD will still be there but still bitcoin will go higher no matter what.

Acceptable in the sense that the government all over the world started clamping down on bitcoin holders and exchanges, we do not know how we want to use it or we are just totally in a phase of holding dead coins ?

These are some things that we should not even expect by now looking at how things are turning out gradually and we are seeing more progress to make bitcoin turn up than it turning down. Seeing $1000 right now as bitcoin's value would really make me the happiest as I want to buy more, and that is a rare chance anyone can ever get, but in reality, it is a dream I just have to snap out from.

[aardvark15]

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Hard to say with such an extreme drop in price. Remember though that it was around $1000 a year ago, so it is possible. I just think it’s unlikely to happen after almost reaching $20,000.  If it did drop that far, it would definitely be a bad sign and such a fluctuation would scare away potential investors and people that are interested in using Bitcoins for business, etc.

[superjeyy]

When I was a newbie, I also had my fears when it comes to Bitcoin's abrupt decline due to it's volatility. It will take a lot of getting used to, but what you always have to put in mind is that Bitcoin will be worth it in the long run. Patience is truly the key here to earn great profits. It's volatility may lead to uncertainty, but do know that Bitcoin always come through, so just hang in there. Better days will come.

[Nick Abimanyu]

$ 1000 would probably be the best price i will not waste that price and i will buy bitcoin as much as possible. Because my belief says bitcoin mined today only remaining a few percent only and if the number of bitcoin less, then it is possible the bitcoin price will be more expensive. I think that's the real bitcoin law.

[dothebeats]

Well, I have been here when prices are on sub-$200 and that is after an impressive run from $200-$1200 which no one ever thought that bitcoin could accomplish.

There are lots of investors and institutions already involved in bitcoin, so the chances of it returning to sub-$1000 is kinda far-fetched, though still possible if these moving forces decided to do a massive sell-off. I'd still be in the game, and would wait until a certain direction which the market would go is mapped, then I'd make my initial moves of buying back again.

It is already in the psyche of people investing that bitcoin will not suffer major losses along the way, but for someone who has witnessed the biggest crashes, it is best to be ready at all times since this market is highly (unstable) unpredictable.