what will happen

[gunungkembar]

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 bitcoin drops until the price returns to the $ 1000 price it is certain I will sell my car to buy bitcoin because it is a very good opportunity to play and earn profit in bitcoin.

[1714467321]

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[1714467321]

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[colenax]

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?

You see, bitcoins are now growing slowly but surely. this is so great for investors because their beliefs of bitcoin will grow again. so what are you thinking right now?

[South Park]

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.

In the defense of those that did not bought at 1000 I will say that bitcoin gave them almost no time to adjust, we were close to 1000 at the beginning of the previous year and at the time the ATH was 1200 so people had a reason to think 1000 was too expensive, until it wasn't, and bitcoin pulled a major bull run to the point 10000 dollars now seems low.

[Zentor]

Bitcoin already had in his history dropping his price more than 90% and he recovered from that. So why not, grandfather of cryptocurrencies is still strong

[youngagethinker]

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've heard that the greatest crashed of BTC ever is it was down by 90%. This is bad for the people who bought BTC above the 1000 mark, for me I don't care because I started to bought some BTC when it is just 800$. So I have nothing to lose. There is a lot of FUD's that is keep from spreading and if ever you chose to hold even if it goes down at 1000, then you have to be prepared to wait for more months and years before you see the fruit of your investment. Just remember that if you can't afford to lose. Just sell.

[colenax]

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?

you can see that bitcoin is currently recovering fast enough. this is my belief in bitcoin. bitcoin being the top crypto of all altcoin.
and this month is the month for bitcoin

[qwertyup23]

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?

There are a lot of factors to consider first on why its price dropped significantly in the market. If the reason is due to a world-wide prohibition to most hegemonic countries, then expect people to lose their faith and shift to a new cryptocurrency. But if the reason is due to a high-supply, low-demand kind then accumulating more bitcoins would be the approach as it may skyrocket once again. It really depends on the situation in the market and it also depends on the current state of bitcoin when it comes to the view of the government on it.

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.

Like you guys said, the decision on acquiring bitcoins primarily lies on the situation happening in the world. If the government of each country prohibits the use of the said cryptocurrency, then expect people to sell their coins thus making its value obsolete.

[Tigorss]

The bitcoin price drop occurs, because some traders dump it and move on to their counter currency called bitcoin cash.

Bitcoin prices have been eroded in recent months. Indeed, its seven-fold rise since the beginning of the year has sparked fears that a price bubble will break. As is known, bitcoin is already worth more than US $ 100 billion.
Meanwhile, Ripple, the third-largest virtual currency of the market capitalization aspect, experienced a sharp decline of 46 percent to nearly 90 cents, before returning to 1.18 dollars. The decline in the value of these virtual currencies is allegedly related to the plan to tighten the rules about cryptocurrency in several countries in Asia.

[samcrypto]

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?

you can see that bitcoin is currently recovering fast enough. this is my belief in bitcoin. bitcoin being the top crypto of all altcoin.
and this month is the month for bitcoin

Yes bitcoin can easily recover but I think if hit the level of $1k, I think it will take more time to bounce back. Since I'm a great believe of bitcoin, I know this thing will not happen, no room for bitcoin to go down on that level expect higher value this year.

[MMysterious]

Bitcoin at $1,000 sounds like some kind of a joke. Maybe it happens if something big happens like all large exchanges are hacked and governments will follow by ordering a crackdown. But it looks like governments are starting to embrace bitcoin and its technology brings.

[South Park]

Bitcoin at $1,000 sounds like some kind of a joke. Maybe it happens if something big happens like all large exchanges are hacked and governments will follow by ordering a crackdown. But it looks like governments are starting to embrace bitcoin and its technology brings.

Make no mistake governments are only kind of accepting cryptocurrencies because they think they can get money out of this, and they also think they can manage cryptocurrencies if it comes to that but if bitcoin becomes a threat they are going to ban it, and I think that will eventually happen when they realize the taxes they get from cryptocurrencies are lower than the taxes they lose due to cryptocurrencies.

[Fedor07]

Well , in the first place i dont   think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop  . Like now , bitcoin dropped from $ 19k to to 6000k  and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

[peter0425]

Well , in the first place i dont   think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop  . Like now , bitcoin dropped from $ 19k to to 6000k  and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

[South Park]

Well , in the first place i dont   think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop  . Like now , bitcoin dropped from $ 19k to to 6000k  and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

But the drop bellow 10k was expected it was obvious that bitcoin at 20k was a big bubble the speed at which it reached that price was impossible and no one predicted the price will get to that point that fast, but going below 1k is simply not possible and even if that happened then many people like us will take the opportunity to buy bitcoin at that price so that price will not last for long.

[nightfury]

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?

Come what may and my faith to bitcoin will surely be tested with the lowest price bitcoin will have since it reached 20,000$. I just hope that i can still manage to buy more bitcoin during that time and that i will not be shaken by its low price.

[Matimtim]

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?

As bitcoin user, we all knows, if bitcoin price decrease continually there`s always time that bitcoin recovered its normal price, don`t be afraid on what will happen. Bitcoin is the most popular digital currency and there are a lot of user and investors so bitcoin is becoming more expensive in the following days.

[jemarie20]

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?

There are many times that bitcoin drop its price but we can see bitcoin is always recover its normal price and still in the number 1 crypto currency in the world that is the sufficient evidence that even bitcoin price decrease sometimes there`s always a time that bitcoin price will rise again and its normal.

[Starone1]

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 bitcoin drops until the price returns to the $ 1000 price it is certain I will sell my car to buy bitcoin because it is a very good opportunity to play and earn profit in bitcoin.

First of all I don’t think so bitcoin price will drop because bitcoin price is related with market trade so time it will be high and sometime its price will be low but I don’t think so its price will be drop for ever because bitcoin is fast growing currency in market and now it’s very hard to control bitcoin so we need to be relax about bitcoin price.

[mrcash02]

Well , in the first place i dont   think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop  . Like now , bitcoin dropped from $ 19k to to 6000k  and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

Yes, everything is possible, but it's not a good signal for Bitcoin. If Bitcoin drops too much it's a clear signal Bitcoin has lost too much strength, demand. Signal that people have left Bitcoin, and when an event like this happens, it's hard to have faith that the currency will rise again.
If BTC drops near $1000 I'm not sure if it would be a golden chance, as the price would probably stagnate and to invest hoping to make profit from the volatility would be very risky. But some people would keep using Bitcoin, not mainly as speculative investment, but as currency (also investing the BTCs in something else, but not expecting profit only from BTC's fluctuations in price).

[MMysterious]

Well , in the first place i dont   think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop  . Like now , bitcoin dropped from $ 19k to to 6000k  and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

Yes, everything is possible, but it's not a good signal for Bitcoin. If Bitcoin drops too much it's a clear signal Bitcoin has lost too much strength, demand. Signal that people have left Bitcoin, and when an event like this happens, it's hard to have faith that the currency will rise again.
If BTC drops near $1000 I'm not sure if it would be a golden chance, as the price would probably stagnate and to invest hoping to make profit from the volatility would be very risky. But some people would keep using Bitcoin, not mainly as speculative investment, but as currency (also investing the BTCs in something else, but not expecting profit only from BTC's fluctuations in price).

Right. Bitcoin dropping as low as $1,000 is very worrisome as it probably means that it is dying or under threatened by other altcoins on top.