Are you guys happy if bitcoin will dropped to $10k? Why?

[ecnalubma]

It will be great advantage but I think the possibility that it will go down to $10k is very slim. Going $10k level is gonna be crucial to other holders and it might induce fear domino effect to weaker, however it will be a big advantage for those who have waited for the massive dip.

[adaseb]

Everybody wants to buy bitcoin at $10K, right now. However I guarantee you that if bitcoin was crashing and eventually reached $10K, nobody would want to buy it. They would say, why buy at $10K when you can buy at $5K.

This basically happened twice in the past. When BTC was $20K, people wanted to buy it at $3K. Then when it crashed down to $3K, people were calling for $1000 bitcoin. It never happened. Same with March 2020, bitcoin was almost $10K, and then started to crash down below $4K. You had many opportunies to buy in mid $3K. But people were calling for 3 figure bitcoin. Instead people sold at $3.5K instead of buying.

So even if it goes to $10K, nobody will be buying it except the institutions.

[bitgolden]

Definitely not. $51k is in and likely to go down $50k again. Those who have missed buying bitcoin at the lowest will definitely be happy to see that drop and there will be more FUD again in the market after seeing the price to be down as it is today.
I guess this is already the month that has been compared with the same month last year but this is still way better than that.

I believe we are getting another correction and that's not a bad thing, after all those options are broken (six billion dollars worth) there were suppose to be a bit, it is not a shock, and I think it is quite obvious that we should not be going up today, or maybe even tomorrow. I think whatever it drops it will drop now, after that it will not drop anymore and I believe we are going to make a good difference.

Of course this is just something that doesn't mean that we will make a profit right away neither, I do not expect it to go down much but I do not expect it to go up a lot neither, it will probably not break over 60k anytime soon, and when it does it will be doing much better beforehand, not a 8%+ drop and then a 15%+ increase so that is why I think anyone who buys today should be ready to wait for it to go up for a long time and not right away.

[Smitty Werben Man Jensen]

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

of course I would not like it if the price of Bitcoin was at $ 10k or below $ 20k,
because I have already bought Bitcoin over $ 20k, therefore I hate dumping,
to be honest the fear I feel is that it happens, but I believe that bitcoin is still very bullish.

[Review Master]

yeah it's sad to see that the price still lowering to 52k now and looks like there are still a warning of falling down .
Those people who had sold their coins back in December as weak hands are those people who wanted price to fell down to 10k so they can correct their mistakes and also those Bag holders that loves seeing the price going pumping and dumping .

Indeed, only those will want to see bitcoin at $10k to fulfill their bags with bitcoin and make huge profits in the long run as bitcoin has been growing from the begining or uptrend in simple word. Although bitcoin is currently taking a short correction at this moment as $6.1 Billion worth of Bitcoin Options will be expried tomorrow and bitcoin might sure to take a pullback again just like what's happened at the starting of this month. BTW, bitcoin might hit $20k even bear market will happen in the upcoming years.

[carlisle1]

yeah it's sad to see that the price still lowering to 52k now and looks like there are still a warning of falling down .
Those people who had sold their coins back in December as weak hands are those people who wanted price to fell down to 10k so they can correct their mistakes and also those Bag holders that loves seeing the price going pumping and dumping .

Indeed, only those will want to see bitcoin at $10k to fulfill their bags with bitcoin and make huge profits in the long run as bitcoin has been growing from the begining or uptrend in simple word. Although bitcoin is currently taking a short correction at this moment as $6.1 Billion worth of Bitcoin Options will be expried tomorrow and bitcoin might sure to take a pullback again just like what's happened at the starting of this month. BTW, bitcoin might hit $20k even bear market will happen in the upcoming years.

It's unpredictable still, but for sure there are people who wanted to see this level in order to rush in and start investing to this asset.

Some also are those who already involve to this market but aiming to buy for more, we really don't know what might the possible reason in terms of pulling the value back to this level,

but the possibilities always there, we witnessed this things happened way back and the bounce take place after that huge fall,
maybe same thing or maybe it won't go that far anymore.

[decodx]

but the possibilities always there, we witnessed this things happened way back and the bounce take place after that huge fall,
maybe same thing or maybe it won't go that far anymore.

Yes, the price was low. But given a long enough run up in the market, a significant drop is inevitable. The market will test the price again.
The $51k price was just that, a price at which the market would test the price to be down. But that drop is almost guaranteed for it to go up even higher after that.
Buying a coin at the current price of $51k makes a lot of sense at the moment, but just wait for that pump to happen. It might not come tomorrow or even this week, but I do believe it will.

[wxa7115]

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

Honestly I do not think that is ever going to happen again but I will accept your scenario just for the sake of argument, if that happened I will be happy, that will allow me to buy bitcoin for an enormous discount and I will do everything I can to load the most bitcoin I could at that price.

After that I will just need to keep holding my coins and wait until a new bull market came and gave me profits on those bitcoins, I know many people will be mad about this especially those that bought at 30k and above but if there is anything the 2017 bubble show us is that bitcoin will given time eventually surpass its previous ATH.

[Josefjix]

Nothing is very impossible but to me I don't think it will be happening anytime soon, Bitcoin is staying up for a long time already. It would have done the same thing it did in previous years during the month of March but went against the popular sayings that "March is a bear season". If it goes below $10k I will be happy to buy few sats as well.

[Ridwan Fauzi]

No, that will make many people think that bitcoin is a pump and dump scheme or the manipulation in bitcoin price movement can always be happen by some whales. Also, the increasing price right now will not happen if there is no pandemic like now. Yeah, I guess coronavirus factor is one of the causes bitcoin price getting high price.

Many people think that bitcoin is like gold and can be used as a store of value. As we all know, when the pandemic came almost all investment place instrument was experiencing a decreasing price a lot. They were thinking that money fiat will fall and give a bad factor to the investment place. But, it doesn't happen to bitcoin, its price just reach the new all time high.

[Mahanton]

YES    - 7 (38.9%)
NO    - 6 (33.3%)
I don't care. - 5 (27.8%)
   
Total Voters: 18

Poll results are almost equal and i did choose on I dont care. I do held some coins for long term and if that case happens then i would
have the chance to accumulate cheaper coins since you have already the experience or awareness about the potential
price peak that it can possibly reach.So instead on getting afraid then see this stuff to be an opportunity.

[AmoreJaz]

No, that will make many people think that bitcoin is a pump and dump scheme or the manipulation in bitcoin price movement can always be happen by some whales. Also, the increasing price right now will not happen if there is no pandemic like now. Yeah, I guess coronavirus factor is one of the causes bitcoin price getting high price.

Many people think that bitcoin is like gold and can be used as a store of value. As we all know, when the pandemic came almost all investment place instrument was experiencing a decreasing price a lot. They were thinking that money fiat will fall and give a bad factor to the investment place. But, it doesn't happen to bitcoin, its price just reach the new all time high.

anyway, such price level is somewhat far from happening considering the conditions of the crypto market right now. the adoption and support in bitcoin today is very different as compared to previous years. going down to 10k, i wont say, wont happen but the chance is very small. unless, these financial institutions start dumping their bulk of coins. and i dont think, they will do that.
btc payment system is also growing - paypal, tesla, what's next? just check your local area which merchant started to accept crypto...
but in case the price will go down, lets say even 20k, i think this will be good time to buy more of your btc stash. this is what a lot of people are waiting for.

[OgNasty]

I wouldn't be happy if the price dropped.  What kind of person would be happy for the losses of others?

That being said, so long as the price hits $200K, I don't give a flying fuck what happens after that.  I never signed up for this store of value nonsense to begin with and don't believe in it's long term ability to succeed in freeing anyone from global financial slavery, stopping any wars, helping the unbanked, or adding transparency to the activity of publicly traded companies.  If the price can't even hold a store of value, Bitcoin would be completely useless.  Let's not hope for that.  At least there's still some people who can become millionaires first and free themselves from financial slavery.  

[Kelvinid]

If you are buying Bitcoin during the bullish season (above $10k), you really feel discomfort when the Bitcoin price will fall.

But if until now you don't have any BTC's in your wallet because of an early selloff, it is a great opportunity to start. But the question is if there is a possibility to reach it back again since the volume of users, investors, and traders are growing?

To answer that OP's question, I say YES. Though I have some BTC's, I wanted others to have a chance to make a buy at a cheaper price than the current price.

[Japinat]

I wouldn't be happy if the price dropped.  What kind of person would be happy for the losses of others?

This market is just about gambling, people long or short it, regardless on how the market moves, there's always a one party that will be happy.

In general we like to see the price to increase but for personal interest, some people just want to see the price dump, not to destroy the market but for them to get an opportunity to buy cheap again as they missed that opportunity.

[sheenshane]

As I saw comments above, some of them are happy while others aren't.  Simple, just because there are two types of investors in the market.

Holders, will not happy to see the Bitcoin price will suddenly drop because they hold Bitcoin and hoping to double the price from the amount that they purchased Bitcoin.  No one will probably sell their Bitcoin under the price where they purchased it.

Buyers, will might happy to see when there is a dip in Bitcoin price because that was their anticipated event when there's a sudden dip of the price it means, it has the potential to grab and accumulate Bitcoin while it has a correction of the price.

Meh?  I'm happy when the Bitcoin price will drop so that I can accumulate a big amount of Bitcoin that less to the dollar.

[thecodebear]

What's up with the posts about $10k? $10k ain't never happening again, nor anything anywhere near $10k. It's like if people in mid-2017 has been posting about Bitcoin going back to $500.

[stompix]

Before thinking of filling your bags at 10k you should think of the consequences of such a drop.

Bitcoin price is supported by the trust people have in it, a return to 10k would mean the trust is back at levels before all the buys from funds like Grayscale, Paypal allowing BTC buys, Tesla, and many many more. A drop would mean all the effects of those are erased and not considered relevant so, what would it take to go back again at 50k?

I understand what some think, it drops I can buy moar coin and make moar profit but are you sure that history will repeat itself indefinitely and after each drop there will be a huge spike? It's for certain it can't since the price itself hit a limit, so will this be the last one? How long it will take to recover if a recovery will be even possible with the damage done by such a drop when it seems like nothing would be able to stop it and finally mainstream adoption is around the corner?

This is no longer 2013 when there were just a few billion in all the coins invested, we're talking in hundreds, the repercussions will be different this time.

[traderethereum]

What's up with the posts about $10k? $10k ain't never happening again, nor anything anywhere near $10k. It's like if people in mid-2017 has been posting about Bitcoin going back to $500.

Maybe that people want to cheers their minds and hope that moment will come back again so they can buy bitcoin in a huge amount.
But to get that, such the lowest price will make all people in the crypto sphere panic because they do not want to see the price will go back to the lowest price.
Maybe they can accept if the price is down for $45-$50k, but to see that price again, I do not think that will make many people happy because they already buy bitcoin at a high price.
This situation is unpredicted and everything can happen to bitcoin price, and all we can do is just prepare. If the price really gets down, we hope that it will not reach the lowest price, although we can buy bitcoin at the lowest price.

[arwin100]

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

Seriously I will be happy for the price of bitcoin to reach again at that numbers since imagine this is big opportunity for us to buy a cheap bitcoin and hold for long term, but for thinking that how big the damage will be created for the current holder well I'm bit off since for sure many holders will lost a lot of money so I guess I will be happy if bitcoin will just go stable or maybe pump for more since it could make bitcoin adoption will became more healthier.