If Bitcoin never goes past 5-10KUSD again, what is the best action?

[poopsmear]

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

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[HardFacts]

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

You are one of the few people here SMART ENOUGH to ask serious questions, and consider the possibility that people were wrong about bitcoin. 

Bitcoin was nothing more than a bubble and a Mania, and now that bubble is bursting.  What you do not understand is that bitcoin will go much LOWER than 5,000, it will eventually go to its intrinsic value of near zero...

The future of crypto currencies is GREAT, it is the future of money 👍👍👍   It will NOT be bitcoin though, which is backed by nothing.  The crypto of the future will be backed by  gold, oil, government, or some other real asset.   

Hard Facts

[pakhitheboss]

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

Yeah true it has been a long time for you to come back.

First of all I doubt it will remain in the range of 5 - 10k. Next year we have third halving it will surely go up before that. If still it remain at that level which you are suggesting then sell it as soon as it reaches the 10k level and I will buy it.

[pakhitheboss]

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

You are one of the few people here SMART ENOUGH to ask serious questions, and consider the possibility that people were wrong about bitcoin. 

Bitcoin was nothing more than a bubble and a Mania, and now that bubble is bursting.  What you do not understand is that bitcoin will go much LOWER than 5,000, it will eventually go to its intrinsic value of near zero...

The future of crypto currencies is GREAT, it is the future of money 👍👍👍   It will NOT be bitcoin though, which is backed by nothing.  The crypto of the future will be backed by  gold, oil, government, or some other real asset.   

Hard Facts

My friend I have been hearing the same from Bitcoin haters that it will go to zero very soon, it has not for the last 10 years of its existence. In the meantime those cryptos backed by those blah blah have all faded away or will slowly become zero.

Until then you keep on going with your hatered, where as others are accumulating more Bitcoin at this level. Cheers!!

[HardFacts]

My friend I have been hearing the same from Bitcoin haters that it will go to zero very soon, it has not for the last 10 years of its existence. In the meantime those cryptos backed by those blah blah have all faded away or will slowly become zero.

Until then you keep on going with your hatered, where as others are accumulating more Bitcoin at this level. Cheers!!

I am not a Bitcoin " HATER ".   I love the idea of freedom of money, but this is just not it.   I call things like I see them, and the laws of Money and economics tell me BitCoin was a mania and a bubble.

Bubbles can last for a long time, remember the real estate bubble...   Bitcoin went up until it did not, you just want to IGNORE the past two years...   So how low does bitcoin have to go before you start asking yourself hard questions    

REALLY, please give me an honest answer, at what price do you say what I believed about Bitcoin was wrong ?

[flashone]

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again,

First, I really don't feel appropriate to respond this threads, because I'm not someone who has enough experience with the bitcoin or cryptocurrency market. But I just want to share my views.

Well .. right today Bitcoin is at number 7 thousand, Bitcoin has decreased prices, but that does not mean it will not return to touch the number 10 thousand or more, as I see here, people say that this is a "cycle". and i think that's right! it is proven based on a bitcoin price chart from year to year.

what is firstly the community reaction?

After observing the various bitcoin community conversations here, I see that the majority of the bitcoin community does not overreact when the price graph drops. Some even consider this is the right moment to buy and save BItcoin.

Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

And I don't have an opinion on this question, it's still beyond my knowledge.

[Zionatin]

During moon when the bull is out to play you must spend bitcoin. When the bear comes then you must buy bitcoin with your fiat. Always keep your extra money besides the basic living money 50/50 fiat and bitcoin.
Then no matter what happens you can level it out as I just said. Always remember to spend during the bull season so that even if worst comes you have gotten the same value out of your coins as it would have been anyway. I think people forget that. They forget they have been in profit for so long now and have already spend bitcoin on things equal to their beginning value. Most of us are in green.

[Krislaw]

For bitcoin price be around the range of 5k to 10k shows more stability and there will be more adoption. The only thing we should be scared of is the price manipulation caused by whales because most of the price spikes are result of manipulation.
This will be a good chance for those that wants to store their funds in crypto.

[Nolimitz84]

In 2018, the price of bitcoin was 4000$ but nevertheless the price rose to 10 000.Now of course begins again decline.Until the market stabilizes the price will fall and become more.I think it is not necessary to sell bitcoin even if it will cost the same for a long time.Too much is swirling around this cryptocurrency.And I hope that the fate of bitcoin will go beyond 50 000$

[goaldigger]

Best action is to keep buying because bitcoin will always try to break the wall and if not, then make money on trading. We are having a hard time to stay above $10k and that’s why it dumps again but I’m sure next time, we will challenge the wall again and who knows, we might be able to break it and go up high so those who participate to buy during dump will earn more.

[veleten]

best action depends on how much you have invested and the amount of coins you have
basically , if you plan to speculate and make profit , it is simple - sell at the price you find acceptable
if you are in for a long term , I'd say HODL and wait , it might not break 10.000 very soon , but it will surely increase in price eventually
we all saw 3.500$ price just several months ago and many were crying the end of bitcoin
nevertheless it is going strong , despite the price fluctuations
also I say wait for the next year halving , there might be some very interesting price moves and I would not be surprised at 6 figure digits at a ll
highly unlikely but possible , it only has to do 12-13x from the current price

[Upgate]

Sorry about the previous account and I don't think a lost account should stop your interest in issues about business concerning bitcoin.
Now to your question if bitcoin goes below 5k hold, and if it goes above 10k hold

[Kyraishi]

It is a true possibility, and it's not something we should all ignore, as this is actually very possible.

If bitcoin never breaks up the 10k mark, we are going to see a lot of the community that holds bitcoin to end up giving up, since they aren't going to make the insane profits that they wanted to make, and they aren't going to bother using or actually being involved in the coin.

It would be a bit of a cleanse, and the community would be left with people interested in the technology instead.

[pixie85]

It would mean that it's dying.

Bitcoin can have only 2 ways to go. Adoption and acceptance and this means price going up or it will be overtaken by something better and go towards 0. It will never reach 0 but it can reach 100 dollars or something like that. If it goes very low like below 1000 dollars you can as well sell because it means people are abandoning this project.

It's not going to happen overnight so don't worry. You're going to have years to exit.

[vintages]

Still hold!
Never panic sell as price dip is always a phase and Bitcoin will always cross it. I think you should checkout the chart and price of this year alone, I believe it will motivate you. Price was around 3k yet it still went up to the present price we are seeing now. It is just a matter of time before Bitcoin will pump again. Though don't expect it this year. Moreover, what we are hoping for is more adoption as it equals price increase and usage.

[tmfp]

If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action?... if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

Satoshi said

I'm sure that in 20 years there will either be very large transaction volume or no volume

and I think, if you agree with him, that means the mind bending forecasts of $millions/BTC will be realized, or it will effectively vanish. There will be no middle way.

the laws of Money and economics

 

[minersday]

You are one of the few people here SMART ENOUGH to ask serious questions, and consider the possibility that people were wrong about bitcoin. 

Bitcoin was nothing more than a bubble and a Mania, and now that bubble is bursting.  What you do not understand is that bitcoin will go much LOWER than 5,000, it will eventually go to its intrinsic value of near zero...

I don't really agree with you regarding bitcoin going back to its intrinsic value of near zero and also being a bubble. For the past ten years since bitcoin was introduced into the world, the value of bitcoin has increased in a particular pattern. What you should understand is that, people (investors) are taking advantage over the nature of Bitcoin which is its value is based on the demand and supply rate on the market. Once you posses more, you can some how control the market value for a while.  

The future of crypto currencies is GREAT, it is the future of money 👍👍👍   It will NOT be bitcoin though, which is backed by nothing.  The crypto of the future will be backed by  gold, oil, government, or some other real asset.  

Hard Facts

For this, you are 100%  right on point.  The future of cryptocurrencies is Great and this can only happen when cryptocurrencies are fully adapted into the mainstream financial ecosystem as a currency just like dollars and other fiat currencies.

[piebeyb]

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

it will not hamper bitcoin development and adoption, so just relax is the key, not too focused that bitcoin will make you rich, just assume bitcoin is just a digital asset that might be worthless at any time, so it doesn't matter to me about it if indeed never again touch $ 5k or $ 10k until 2021, I will retire and give my bitcoin to all beggars and people at the orphanage, I will not sell it cheap so it's better I give it to them 

[Gyfts]

You only have two potential options.

1.) Liquidate
2.) Hold

That's it.

Your first part of the title is posing quite the hypothetical there assuming that Bitcoin never goes past 10,000 USD a coin considering we were at 20,000 before the bandwagon bubble popped. It's extremely unreasonable to believe that Bitcoin won't go past 10k a coin based on the current markets, trade volumes, and general interest in crypto's. I'm willing to bet it's going to go a whole lot further than previous record prices so the best action is to hold. In the event you need to exit from your investment, no one's stopping you but yourself bud. But again, don't kid yourself with the hypothetical that it's going to be capped at 10k because it's a doubtful scenario.

[fuguebtc]

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

If it remains in between 5k to 10k, the best thing is to look for dip and selling on bullish. A piece of code selling at 5 to 10k is not a bad price at all. I wonder why we are worried if BTC not crossed 10k USDA? 10k USD is bad price?