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PalindromemordnilaP
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February 26, 2018, 02:43:15 PM |
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That'll be a very tough test for a HODLer if bitcoin's market value will plummet down to 1K USD. If it is possible, then i will HODL still and wait for the last dip it can get and I am quite sure that I will buy the dip too.
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lablab03
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February 26, 2018, 03:16:22 PM
Last edit: February 26, 2018, 03:30:17 PM by lablab03 |
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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 bitcoin always recover after the dip and actually it always happened , and indeed that price is so cheap and it is a big opportunity to buy . And for sure there's lot of investor and holders will buy back to hold and will wait until the price rocketed again, so there's a possibility to soar again because of the demand from the holders and investors which is the main reason Also why the price always pumping back after the dump. |
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coinsniperX
Member
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Activity: 404
Merit: 11
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February 26, 2018, 03:31:56 PM |
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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 think it will not drops to 1k but if the situation worsens, this time bitcoin may touch even to 3.5k. IMO and it's not good for community and newbies. This time much more people may be punished and maybe they will not ever come back into bitcoin market. Very dramatic situation is now. But I hope that the market will be recovered before the disaster happen. |
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Ridwan Fauzi
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February 26, 2018, 03:32:46 PM |
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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.
Yes depending on the cause of the crashed. The rise and fall in bitcoin prices is highly dependent on some of the news that comes on cryptocurrency especially bitcoin. Because if it is only caused by some companies that do not use bitcoin as a transaction tool or some country prohibits bitcoin as a means of transaction it trusts some investors that bitcoin will not be worth anymore. Even in situations like this is very wanted by some investors to buy bitcoin because the price is cheap. But if the cause is caused by the system of bitcoin itself it is likely that users will sell and make bitcoin no longer valuable. While today the cause of the decline in bitcoin prices is only caused by some companies and countries, I am still convinced that bitcoin prices will recover again. |
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South Park
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February 26, 2018, 03:41:03 PM |
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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?
Firstly, I do not see that happening as bitcoin as gotten past the stage where it just ends up being some pump and dumped currency. However, if we even at all end up seeing $1000, which even makes it worth it the more. We just get to keep on loading up more and waiting for the special day, because whether we all like it or not, bitcoin's adoption is going to be huge and that is what is important to me the most, not the present value. It is not going to happen but I think that is what many of the new investors want to happen and it is what they are trying to force with the futures market of bitcoin, they are trying to crash the price so then they can buy for cheap and then make the price of bitcoin skyrocket again, but they are finding that suppressing the price of bitcoin is a lot harder than what they thought. |
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fulmetal08larz
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February 26, 2018, 03:44:59 PM |
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If bitcoin's price drops to $1k, it will be like back to the future wherein we'll be able to buy back something that we know someday will be worth it. Bitcoin has the potential to be the financial system of the future, so having some of it is like preparing yourself for the bright future ahead. The digital age we're heading needs the blockchain technology. I believe that it's better to have something you don't need rather than need it but you don't have it.
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shellomomma
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February 26, 2018, 04:34:56 PM |
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Nobody knows if it will rise again or fall. Time will tell. But as what youve said keep the faith in its technology and decentralization.
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coolcoinz
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Merit: 1102
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February 26, 2018, 06:23:57 PM |
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That'll be a very tough test for a HODLer if bitcoin's market value will plummet down to 1K USD. If it is possible, then i will HODL still and wait for the last dip it can get and I am quite sure that I will buy the dip too.
You have to realize that there would be much more people like you. People that would hold even if it dropped to 1000 USD. People who sell Bitcoin usually do it to buy more coins cheaper. As long as the technology hasn't failed there's no reason to get rid of it and lose an opportunity to make more money. There are only 2 ways of making money. In a bull run you hold and wait for it to peak, and in a crash you sell and wait for it to bottom to buy more. For a trader it doesn't matter if it's going up or down because they know it's going to reverse at some point. |
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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February 26, 2018, 10:03:18 PM |
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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 noob thread, that's for sure, but I like how this shows how far we have come in just a matter of, almost two years? It really wasn't all that long ago where people were opening threads asking people what they would do if the price dropped back to the $100 level. Current speculation concerns $1000, and when we're again two years away from this moment, people will ask others what they would do if the price dropped to $10,000 again. Funny thing is that almost everyone has had the chance to buy at $1000 levels, but they considered it too high to buy at, and missed out for that reason. The same will happen with current levels as well, and perhaps even with $100,000 at a later point in the future.  |
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nelsledma
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February 27, 2018, 05:39:18 AM |
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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.
The chances for it rebounding is even huge than it not unless bitcoin has been totally subdues by the government and the press that everyone is just scared of buying into btc but we all know how impossible that can be as bitcoin has gotten past the little man stage to a growing man right now. You have said, it is unlikely, but even if it happens, that would just be a chance for some of us who are believers but came into the show late. |
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btc_angela
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February 27, 2018, 06:17:21 AM |
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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.
The chances for it rebounding is even huge than it not unless bitcoin has been totally subdues by the government and the press that everyone is just scared of buying into btc but we all know how impossible that can be as bitcoin has gotten past the little man stage to a growing man right now. You have said, it is unlikely, but even if it happens, that would just be a chance for some of us who are believers but came into the show late. Yeah, I totally agree with you. Governments and banks and social media are factors that can really drove the price to its knees, but for short term effect only. Bitcoin has shown resiliency in the past and will continue to march towards another all-time-highs that's for sure. But somewhere the long road, there are challenges like I mentioned, we need to brace ourselves and stay calm along the way. |
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omonuyak
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February 27, 2018, 07:08:07 AM |
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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?
Even if bitcoin drop to $1 I will still be holding! I believe in bitcoin and I know that it is the future of money. I want bitcoin to be adopted all over the world and I pray that the eyes of our leaders should be open in other for them to understand that bitcoin is the future of money and blockchain technology is one of the human achievement. I believe in blockchain technology and I think we should all have hoped on it. |
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pokeronlinestatus
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February 27, 2018, 07:31:11 AM |
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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. Every market obviously fluctuates, but there is a stage a market gets too that we should not even expect some values. I may be wrong, but bitcoin really has gotten past the stage where we should be expecting $1000 as value. If it is to answer the OP's question, nothing will happen. we had still be here and we will still have those who will end up making use of bitcoin for what they totally believe in and that is what would make bitcoin always thrive. |
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yonjitsu
Full Member
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Activity: 476
Merit: 100
www.daxico.com
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February 27, 2018, 10:49:54 AM |
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Bitcoin will always come back no matter how hard the situation can be. Imagine the previous crash that sent bitcoin down to 6,000$ that made other people to panic sell their bitcoins and other crypto holdings. But in response, bitcoin rises back to a quick and staggering 11,000$ just a couple of days after that.
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Tigorss
Member
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Activity: 308
Merit: 10
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February 27, 2018, 11:19:22 AM |
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In accordance with the economic principle, when a cryptocurrency rises in price, it means that the quantity of demand for cryptocurrency is greater than the supply (supply)
if we are still patient and waiting, someday the price will rise and we will get a huge profit
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Naficopa
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February 27, 2018, 01:39:27 PM |
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If the price falls to the level of 1000 $ it means that there is supply and there is no demand. Such a large drop in value would indicate a complete lack of interest in bitcoin. A return to current values would take a lot of time.
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South Park
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March 01, 2018, 08:56:30 PM |
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That'll be a very tough test for a HODLer if bitcoin's market value will plummet down to 1K USD. If it is possible, then i will HODL still and wait for the last dip it can get and I am quite sure that I will buy the dip too.
That will be a real test to our patience as holders that kind of crash will be really terrible and I think it is simply impossible something like that were to happen but if it did I will not be surprised that many of those that claimed that they were going to hold no matter what will probably lose their faith at that point and will begin to sell all their bitcoin. |
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tabas
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March 01, 2018, 09:37:23 PM |
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I've been there when bitcoin fall from $1,000 <---- $800. I have faith to bitcoin but it doesn't its big or small. I'm depending everything with my experience and before that I have a small heart, right now I'm trying to become more serious with everything I had and valuing every satoshi's that I earn. But once again, people should stop thinking about such topics like this.
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vhiancs
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March 02, 2018, 03:40:46 AM |
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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 is depent to the person mate, because some of them has fear and always panic to sell their bitcoin when the price is going down. but for me, I still faith in bitcoin even if the price goes down and reach $1000 I know that it is a temporary only bitcoin currency alwaus recover. just be patient that's a good way to earn a lot of bitcoin so I do not worry about it. |
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samcrypto
Sr. Member
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Activity: 2044
Merit: 314
Vave.com - Crypto Casino
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March 02, 2018, 04:33:24 AM |
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If the price falls to the level of 1000 $ it means that there is supply and there is no demand. Such a large drop in value would indicate a complete lack of interest in bitcoin. A return to current values would take a lot of time.
The demand may fall but I believe this thing will not happen because the technology of bitcoin is what we really need. Since we are talking about faith here, I agree that if bitcoin falls that hard, he will be having a hard time to go back on a higher level again just like what's happening right now but in long term, I'm pretty sure its still possible to achieve. |
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