What will be running in your mind if Bitcoin reaches $1000 again

[buwaytress]

Won't lie, will be feeling not-so-mild panic. But I've held on when BTC dropped below $4k and I do remember feeling pretty panicky, but that didn't last long. Of course, that was "only" a 80% dip from ATH... would be a different feeling holding at $1k after seeing $67k!

That said, I'd be really confident of a terrific bounce up if we do touch 1000!

[Fatunad]

Won't lie, will be feeling not-so-mild panic. But I've held on when BTC dropped below $4k and I do remember feeling pretty panicky, but that didn't last long. Of course, that was "only" a 80% dip from ATH... would be a different feeling holding at $1k after seeing $67k!

That said, I'd be really confident of a terrific bounce up if we do touch 1000!

Bouncing up wont be a guarantee because after seeing 69k and dropped on $1k then it would really be showing off different story where it cant really be avoided that you would be thinking that this might be the end
of bitcoin since it is really just too low if we do consider on whats the ATH and it do ends up on dropping that low which even experienced or old timers of this market will really panic if this time happens.
Some might be still considering on buying up on these prices since its pretty cheap but as long the price wont really go to zero then there's always the probability of recovery
or huge pump ups and this is where those buyers been hoping for for it to happen.

[buwaytress]

That said, I'd be really confident of a terrific bounce up if we do touch 1000!

Bouncing up wont be a guarantee because after seeing 69k and dropped on $1k then it would really be showing off different story where it cant really be avoided that you would be thinking that this might be the end
of bitcoin since it is really just too low if we do consider on whats the ATH and it do ends up on dropping that low which even experienced or old timers of this market will really panic if this time happens.
Some might be still considering on buying up on these prices since its pretty cheap but as long the price wont really go to zero then there's always the probability of recovery
or huge pump ups and this is where those buyers been hoping for for it to happen.

Yeah I know there are no guarantees -- that's one of the literal guarantees of crypto markets (or any other type of speculative activity really!).

I'd just be really confident, in a space where my confidence is rarely peaked

Zero is as likely to me as $1 million, so yeah, I'd definitely take my chances.

[EarnOnVictor]

Bouncing up wont be a guarantee because after seeing 69k and dropped on $1k then it would really be showing off different story where it cant really be avoided that you would be thinking that this might be the end of bitcoin

I've learnt to focus on what I want to do than what people are saying, I call it "noise."  The technology behind Bitcoin might be simple but it is vast, so I am in the opinion that it will not go away anymore, it could only face severe challenges. Therefore, Bitcoin will always bounce back later even if it reaches below $1000. One thing will lead to another that will help it rise. I will always buy it at lows.

Won't lie, will be feeling not-so-mild panic.

As a human being, I understand this especially if you have a lot of it in your wallet.

Yeah I know there are no guarantees

No pain, no gain, and the more your risk, the high your gain. If it's anything about Bitcoin now, I know there is no risk that will not be worth it if I continue to stake at lower prices.

[sumant]

If Bitcoin reaches 1000$, first thing my mind will say that game is over means another technology has taken place of Bitcoin. If you see any market all round thr world no nobody has alive forever. New technology has always challenged old system. I will not be surprised if Bitcoin falls more than ever. In crypto space daily new invetion taking place.

[Mpamaegbu]

I know we're dealing with a hypothetical scenario here, but I still want to maintain that the possibility of such happening is highly unlikely. Anything that can offer us that abysmal price level for Bitcoin at $1000 must kill the entire market as most alts take direction from Bitcoin.

Many who say that they would go all in on Bitcoin if it ever goes that low are just fooling themselves as in reality they would be way too scared to invest.

That's exactly my position too. It's easy for people to mouth how huge they would buy in if Bitcoin dipped but when that happens we don't see them buy. Many would've wished for a crash from its last time ATH of $64k+ to $40k, Anyway, I won't be shocked if those who wished that it plummeted to that level didn't buy when it got there. They may not even be buying at its current price of $21k+ too.

[buwaytress]

Won't lie, will be feeling not-so-mild panic.

As a human being, I understand this especially if you have a lot of it in your wallet.

Not so much that I had/have a lot. Actually have a lot less than I did just prior to ATH... forced liquidation. But in March 2020, sub $4k prices, even if you had 1 BTC, it was a long way off from 20k. Just the feeling of losing all the value of savings, which of course, you weather through.

Yeah I know there are no guarantees

No pain, no gain, and the more your risk, the high your gain. If it's anything about Bitcoin now, I know there is no risk that will not be worth it if I continue to stake at lower prices.

And then there's that overlooked mantra of not risking more than you can afford to lose. If I lose it all, I'm actually okay too. Bitterly disappointed, but I didn't and never would bet my house or shirt off my back on Bitcoin.

[carlfebz2]

If Bitcoin reaches 1000$, first thing my mind will say that game is over means another technology has taken place of Bitcoin. If you see any market all round thr world no nobody has alive forever. New technology has always challenged old system. I will not be surprised if Bitcoin falls more than ever. In crypto space daily new invetion taking place.

If you havent seen any projects or coins that overtaken bitcoin then we could really say that there's something wrong within the market where everything had been plumetting out and there's still no project that

do able to beat up bitcoin on replacing it on the peak or top 1 spot but if we do able to see that there's a particular coin who do able to overtake Bitcoin then this is the time we could really say that

this is the end of bitcoin and there's something new that replaced it on the peak spot and im much sure that confidence of people would really be that greatly shifted into other coins
that had been making out some significant movement.

[Flexystar]

I would say what’s wrong with the investors ? 
Though I highly doubt this will ever happen. The billion dollar market can not just disrupt itself. There are institutional investors, individual millionaires, million dollar worth mining farm network all over the globe! Believe me its whole ecosystem which is running 24*7 and 365 days.

If one element goes down from above list then another will always stood by bitcoin to support it.

Even though it goes down to such low level, we have no option to buy more and wait for recovery.

[Betwrong]

~
Only don't sell everything when the price is at ATH. Remember, in December 2020 the price of Bitcoin went to $22k and it was a new ATH, but it was $40k 3 weeks later, and it was $63k 4 months later. I think those who sold everything once BTC price reached $22k were not  very happy about their decision in later months.

What you say is right, and price higher than the previous ATH is a good selling point for users who have invested at the bottom. ~

Yeah, but I was showing in my post above that this attitude is not always a right one. $22k was a new ATH, and yet selling everything right away was definitely a wrong move.

There's a thing about Bitcoin: After some time it's obvious that buying in the past was the right thing to do, even if the price was going south for months after your buying. And selling, selling is almost always wrong, even at the time of a new ATH.

[Jemzx00]

I would say what’s wrong with the investors ? 
Though I highly doubt this will ever happen. The billion dollar market can not just disrupt itself. There are institutional investors, individual millionaires, million dollar worth mining farm network all over the globe! Believe me its whole ecosystem which is running 24*7 and 365 days.

If one element goes down from above list then another will always stood by bitcoin to support it.

Even though it goes down to such low level, we have no option to buy more and wait for recovery.

In case that bitcoin will drop to such a low value once again, then probably these institutions and whales will be first one on selling their coins as massive issue could have caused it.

You're correct that it's highly improbable that this will happen as various supports and walls are there to avoid it. So, a probability of these support selling their coin may have been caused of a major issue with Bitcoin's technology.

If that happens, then I'll probably shift into some other crypto that has a better technology. But that is only if that were to happen.

[Mate2237]

That is why bitcoin is not for children mindsets but for adult who really understand bitcoin and its risk. Investing on bitcoin does not mean you are going make it over night. But you have to zero your mind from the investment, also do not invest what is bigger than your mind, that is do not invest what you can not carry if it decreased. Remember that bitcoin is a decentralized coin and it is also an unstable coin.

[goldrushed2]

That is why bitcoin is not for children mindsets but for adult who really understand bitcoin and its risk. Investing on bitcoin does not mean you are going make it over night. But you have to zero your mind from the investment, also do not invest what is bigger than your mind, that is do not invest what you can not carry if it decreased. Remember that bitcoin is a decentralized coin and it is also an unstable coin.

Very rational.

[EarnOnVictor]

If that happens, then I'll probably shift into some other crypto that has a better technology.

Although I don't believe Bitcoin could reach $1000, even if it reaches that level, do you think running to other coins is the best solution? What I know is that if Bitcoin could be battered that much, no other coins would survive it as well. They would at least be at their almost completely ruined levels too.

And selling, selling is almost always wrong, even at the time of a new ATH.

Nothing is wrong with selling when that's the direction of the market. The way the buyers have rights is the way the sellers have rights, just that their timing is always different. We should speculate to know what we should choose, not thinking one is wrong and the other is the only right one.

I would say what’s wrong with the investors ? 
Though I highly doubt this will ever happen. The billion dollar market can not just disrupt itself. There are institutional investors, individual millionaires, million dollar worth mining farm network all over the globe! Believe me its whole ecosystem which is running 24*7 and 365 days.

If one element goes down from above list then another will always stood by bitcoin to support it.

Even though it goes down to such low level, we have no option to buy more and wait for recovery.

The whole ecosystem that is running 24x7 and 365 days will not save a collapsing market and mining will be the weakest saviour. This is not just the issue, haven't you heard or read about the best-performing stocks that collapsed or almost collapsed despite being well appreciated before? That is the market for you, what holds any market's future is the stakes of investors therein, if one thing or the other has caused panic and lack of investors' confidence, anything can happen afterwards.

this is the end of bitcoin and there's something new that replaced it on the peak spot and im much sure that confidence of people would really be that greatly shifted into other coins
that had been making out some significant movement.

I like the investors' confidence part you mentioned, many people don't always want to think about that angle. It is part of Bitcoin, and if it fails, Bitcoin will be troubled. Nonetheless, I don't see a replacement yet. To me, if Bitcoin fails, everything coin would go down with it.

[JohnBitCo]

That is why bitcoin is not for children mindsets but for adult who really understand bitcoin and its risk. Investing on bitcoin does not mean you are going make it over night. But you have to zero your mind from the investment, also do not invest what is bigger than your mind, that is do not invest what you can not carry if it decreased. Remember that bitcoin is a decentralized coin and it is also an unstable coin.

So this means that if bitcoin reaches from 69,000$ to 1000$, we should not panic. Not everyone has such a big heart to accept this reality that when bitcoin pumps, it pumps beyond expectation, and when it dumps, we can never find the bottom. If we are able to hold during the bear market, it will be a big success for us.

[NdaMk]

If Bitcoin reaches 1000 $ I will just think: BUY BUY BUY 

This will even be an opportunity for me that started learn just this year to gain ground. I will just buy and convince people to buy. Because I know bitcoin isn't just any shit coin

[KennyR]

We don't get such an opportunity anymore. Now people will be looking for ethereum to reach $1000. If there arises such an opportunity, even before reaching $1000 people will run for it and buy everything available. People who find it hard to buy a complete bitcoin will make it as a chance to buy it. As the market is decentralised, any form of market moves can happen. We need to have a mind to take anything happening with bitcoin in a positive way.

[sulendra12]

People will probably just buy it rightaway since the potential of price recovery is really high with that big dump if even ever happened in the first place. But, the main problem is that people would lose the opportunity to buy because of depression they would get with losing of so much money(although if those people knows that the price will be recover then it's not going to be a problem anyways, or rather just have not enough money to even buy more Bitcoin. That's what bother me most if that really happened, but yea just like other users said it's nearly impossible.

[wagmi]

We don't get such an opportunity anymore.

I agree here, Bitcoin is watched by too many people and before it reached even 10k, many especially bit institutions will buy also all Bitcoin driving prices back up.
Many people are watching Bitcoin because missing such an opportunity twiche would be bad.
Many financial players are very professional and will even buy Bitcoin at prices of 15k.

But 1k will never happen again.

[Artem Sereda]

I would say what’s wrong with the investors ? 
Though I highly doubt this will ever happen. The billion dollar market can not just disrupt itself. There are institutional investors, individual millionaires, million dollar worth mining farm network all over the globe! Believe me its whole ecosystem which is running 24*7 and 365 days.

If one element goes down from above list then another will always stood by bitcoin to support it.

Even though it goes down to such low level, we have no option to buy more and wait for recovery.

In case that bitcoin will drop to such a low value once again, then probably these institutions and whales will be first one on selling their coins as massive issue could have caused it.

You're correct that it's highly improbable that this will happen as various supports and walls are there to avoid it. So, a probability of these support selling their coin may have been caused of a major issue with Bitcoin's technology.

If that happens, then I'll probably shift into some other crypto that has a better technology. But that is only if that were to happen.

I agree that the chance of falling to such a low level is minimal since bitcoin is the flagship cryptocurrency. And a vast number of other coins depend on its course. For example, the same stablecoins. Therefore, it seems that the fall of bitcoin to $ 1,000 is almost impossible.Its bottom, in my opinion, is 10,000-15,000 dollars. Whales, commerce, and many holders of this currency will not let it fall further.