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

[aoluain]

It depends on what actually caused the drop that big. If there's nothing wrong with bitcoin fundamentally and that people just got bearish for whatever BS reason, then I'd surely be drooling and pouring capital into bitcoin.

Yup, providing nothing cataclysmic happend to Bitcoin I too would be selling as much
of my possessions at a knock down price in order to buy Bitcoin because my long term
outlook would not have changed.

We can only dream because Bitcoin going that low is really a fantasy.

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[Sophiya]

I'm afraid to imagine what could cause such a fall, hopefully not some kind of world war.  But for many, it will become realistic to boast that he owns several bitcoins.

[Darker45]

The first thing that would be running in my mind in case this happens is how to get a job. I would really need one if this happens. That would be very sad but that would also be very exciting at the same time because a huge opportunity has come.

One thing is for sure, however, I wouldn't be turning my back on Bitcoin. I would definitely buy more. I bought my first Bitcoin when it was cheaper than $1,000. My regret was not buying a lot. That price won't come back anymore, but $1,000 is close enough. I surely won't waste such an opportunity.

But this all depends on the cause of Bitcoin's fall. There must be a very big reason why Bitcoin will fall down all the way to $1,000.

[Nrcewker]

First of all it’s really hard for Bitcoins to fall that low.
But if by any chance it falls to that price range, then definitely I will buy as many Bitcoins as I can after seeing the reason of fall in price.
If nothing special and it’s just a simple bearish reason, then I won’t hesitate before buying a couple of Bitcoins.
But by seeing the Bitcoins marketcap and popularity, I don’t think that Bitcoins will fall such low in price.
Nevertheless I am wishing Bitcoins to be back to its normal price, as this will clear a lot of confusion among many people’s mind.

[Lucius]

However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?

Those who appreciate Bitcoin only because of the price would surely be disappointed, but such a price would only separate those who are there solely for the profit from those who understand that Bitcoin is first and foremost a cryptocurrency. The question is why would anyone invest in Bitcoin if the price went so low, because the big question is whether it would ever go back to the value we have today.

People, who dream of a price of 1 BTC = $1000 should know that such a price would very likely be the result of a global ban on trading and declaring Bitcoin illegal, and I don't think we want that, right?

[seoincorporation]

If Bitcoin gets down to $1k i would be selling all the stuff i have to go all-in in BTC. But to be honest this will never happen. Even if we see Bitcoin going down to $10k for sure there will be tons of buy orders.

The only way to see bitcoin crashing that hard is if there is a crazy exploit on an exchange. Maybe some people remember when ETH gets down to $0.1

Source: https://news.bitcoin.com/gdax-exchange-sees-colossal-eth-flash-crash-angered-traders-mount-lawsuit/

[JayTrain]

I am convinced and confident that there will not be such a price, but if suddenly it happens, then I would definitely buy a couple of coins of the first cryptocurrency, but on the other hand, if the price drops to $ 1000, then this was followed by some cardinally large-scale actions in the field of cryptocurrencies and in particular bitcoin, maybe I looked closely, maybe it's not worth investing, it all depends on many factors .

[kamvreto]

My past mistake was not buying a lot of bitcoins for me to hold on to long term. in the past bitcoin has not touched the price of $ 1000 and if bitcoin can now touch the price of $ 1000 buy as much as possible. But can it reach such a low price? it's still very unlikely for now, but nothing is impossible, it can happen anytime. But the strength of the bitcoin community is still holding on to bitcoin and bitcoin can also reach new ATH above $100,000.

[tomahawk9]

well, something extremely fcking bad must've happened to btc or the entire market to trigger such a tremendous selloff, so i'd be glad and probably laughing my ass off cos i dodged a bullet by setting my exit point well-above $1000. I'd still buy a few btc thx to the cash i'd have after cashing out early, just in case the price recovers, and also 'cause i don't wanna see my wallets completely empty lol

[Ziskinberg]

Well, that seems the worst scenario ever to experience here in crypto if that will happen. Imagine buying Bitcoin at $25k then it drops to $1,000 - you can really think about giving up and leaving crypto. You can really be emotional no matter how you trust Bitcoin and that can't be denied. 
But, even though the market is unpredictable, I couldn't think this gonna happen otherwise it was the end of the crypto market.

[Franctoshi]

For me that is gonna be Biggest opportunity I won't like to miss out since I got to know Bitcoin because the last I saw Bitcoin very cheap was 2016 around $700+ and that was when I was getting to know Bitcoin so I didn't invest then and it happened that I missed that very opportunity since then the 2nd time was during COVID-19 market crash $3650, still did not buy and I thought everything was gonna crash ,  so if Bitcoin should eventually falls to the price of $1000 then I will be looking forward to owning more than 10 Bitcoin , that's When I will be extremely be greedy regardless, I can even go extent to borrowing money if I don't have enough.

[ethereumhunter]

If that really happens, it is a golden opportunity for us to buy as many bitcoins as possible. But I don't recommend buying in bulk right away because we have to be observant to see how the trend is after we buy. It could be that the price will go down again and if it happens again, we will get another opportunity to buy bitcoin again at a lower price than before. But hopefully, that doesn't happen because it will make many people who have bought bitcoins at high prices even more panicked to see it.

[qwertyup23]

History is always the best teacher. Since it teaches us how to overcome our failures from the past, it has this everlasting effect of taking on all the missed opportunities that were once presented, but never executed. In the event that BTC reaches $1,000, I would never hesitate to purchase more and HODL them for long-term.

I have fully understood that the volatility of BTC has something to do with its nature; also, by the law of demand and supply. Given its inflationary value, its value is also dependent on what most people are willing to purchase it at a given price. Given this case, as more BTCs are mined, more of its price would increase thus HODLing for long-term may be the suitable and viable option.

[TheNineClub]

Not much as I look at this as a social experiment and would like to see what happens to it in the long term. But I also wouldn't blame people for jumping ship, especically those that god into it at an all time high. That would, for them, be to volatile of a system to remain here. But I would guess most that bought at an all time high would be long gone by the time it ever reached the suggested price range.

[Luzin]

We can only dream because Bitcoin going that low is really a fantasy.

Maybe I will buy 1 BTC. But it seems that up to the price it is impossible. Although I know anything can happen. If you look at the history of ATH and the lowest price down so far, it's also not as easy as I'm familiar with Bitcoin.
As long as the consensus and confidence of the global community is not lost, hopefully the price will get better. Although this year is somewhat different due to the effects of the pandemic, making the world face huge inflation.  This incident is also new this time. This makes Investors fearful and prefer to wait and enter when the world economy improves.

[RealMalatesta]

We can only dream because Bitcoin going that low is really a fantasy.

Maybe I will buy 1 BTC. But it seems that up to the price it is impossible. Although I know anything can happen. If you look at the history of ATH and the lowest price down so far, it's also not as easy as I'm familiar with Bitcoin.
As long as the consensus and confidence of the global community is not lost, hopefully the price will get better. Although this year is somewhat different due to the effects of the pandemic, making the world face huge inflation.  This incident is also new this time. This makes Investors fearful and prefer to wait and enter when the world economy improves.

That is the point in my mind. If it is 1k again then it means that something must have happened, I am not saying that it is a bad idea to buy there, but the reason why it is there decides the factor for me. If it's there because of some market manipulation and trading stuff then I am fine about it, but if it's there because something wrong technically, and finally someone figured that out, then it is impossible for me to buy it.

So, it's not about if it's 1k or 100 bucks or 100k because I will keep on buying bitcoin until I can retire, and I know I can never retire and I am doing horrible right now financially, but if I do not see a good reason to not buy it, I will keep on doing that.

[JoyMarsha]

I can't imagine what the media outlets will write about bitcoin. They will lambast crypto entirely which will put fears into those that intended to invest or hodl bitcoin in the future.
it's unimaginable to behold such a price. bitcoin to downgrade to $1k is a mission impossible price tag that can't come to fulfilment to the end of time

[Vaculin]

Bitcoin has gained so much popularity and recognition in the past few years that it rose from nominal prices to almost $69000 in 2020. It however gained hundreds of billions of dollars in capitalization over the years. The situation has changed with both appraisals/approvals and backlashes on the cryptos by some countries, especially government officials.

Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?

As for me, my investment has just begun. I have learnt from my past mistake.

You would not want to invest in the first place if you see red flags in the start. However, this is possible with most of the altcoins but when it comes to bitcoin, regardless of how low its value will fall, it will always set to recover after every downtrend. Unless if bitcoin meets a serious problem that you think it will hardly to recover, then you might be in doubt investing with that.

[Finestream]

It depends on what actually caused the drop that big. If there's nothing wrong with bitcoin fundamentally and that people just got bearish for whatever BS reason, then I'd surely be drooling and pouring capital into bitcoin.

If the cause of the drop is not that alarming, then it’s always best to buy more and accumulate more to fill in your portfolio. Sometimes, the price of bitcoin drops drastically without having us unaware of its cause, but as long as there are no serious implications on the price drops and on bitcoin fundamentals, then we should still focus on maximizing bitcoin most especially when it’s price has return to $1k.

[goldkingcoiner]

Bitcoin has gained so much popularity and recognition in the past few years that it rose from nominal prices to almost $69000 in 2020. It however gained hundreds of billions of dollars in capitalization over the years. The situation has changed with both appraisals/approvals and backlashes on the cryptos by some countries, especially government officials.

Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?

As for me, my investment has just begun. I have learnt from my past mistake.

If Bitcoin reaches 1000 USD? That seems impossible but if it happens, I would invest like I have never invested before. Unless a fatal flaw with blockchain was discovered. In that case I would stay away until it has been fixed. In fact, I think the only scenario in which the price of Bitcoin would drop such a horrendous amount would only be if something caused a mass panic. Like WW3 or as I said, a discovery of a fatal, perhaps permanent blockchain flaw.

But lets be realistic. That won't be happening. Its already been too long and Bitcoin has been tested again and again.