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

[DeathAngel]

Bitcoin will never see $1,000 again, certainly not in our lifetime. I know we transition between bull & bear markets, across 4 year cycles but to see the price fall to $1,000 in inconceivable. It’s just not going to happen, it seems pointless to even discuss this.

There would be so many people, institutions, whales buying way above $1,000. It’s not going to happen!

[BTCat]

I don't think btc will go below 8K ever again. But. Anything can happen in crypto's. At $1,000 I would be buying with all I got.

"The market cap is 2.1 trillion ...."
https://www.youtube.com/watch?v=CpR2kMxy7O8

[Franctoshi]

That would be another incredible opportunity for me to get cheap Bitcoin , and I would do all I can to buy more Bitcoin because the best time to get rich is during a crash. I will not like to miss out such an opportunity again in my life time, after missing out to buying Bitcoin during 2017 when Bitcoin was traded below $1000 , reason being that I couldn't buy due to I didn't know anything about Bitcoin and not being certain then about the future of Bitcoin, if it were gonna survive.

[worldofcoins]

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 it reaches 1000$ again, then I'd be pretty happy because I'll be able to buy more, in fact, that is what I'll do. I'll buy as many BTC as possible at the time, depending on the time savings I have.

atm bitcoin market cap is around 350 billion and total market cap is below 1trillion that's more than half compared to when BTC price was somewhere between 50-60k

[AicecreaME]

I'm gonna invest 50% of my fiat on it, because going down up to $1,000 is a great opportunity to buy Bitcoin and hodl it until it goes back to $68,000 again, and that would be a quick profit maker anyone could have, than storing you fiat in a bank profiting  couple of pennies yearly. However, most of people will probably not invest because of FUD "Bitcoin is dead" and then buy at a very high price which is very illogical.

[topman21]

But I don't think Bitcoin will ever reach $1000And unfortunately if Bitcoin stays at $1000 then Bitcoin and cryptocurrency will be doomed.But if Bitcoin is thinking of getting to $1000 or does, I will definitely invest there.And especially you don't imagine that Bitcoin will come in 1000 dollars.Since Bitcoin has hovered around $69k, how do you think Bitcoin will stay at $1000?

[melody82]

I would sell everything and buy bitcoins. Everyone would. So it will never reach that price. It's too late for all that. The last time it was 3000 was the last time you could get it "cheap". Now we are looking at the future, at institutional money, and eventually it should become less volatile. But who knows?

[Tony116]

I didn’t see any logic as par as bitcoin can go bellow $1000. But since everything is possible in cryptocurrency if unfortunately bitcoin drop to $1000 it will be a great opportunity for every crypto investors to become rich. personally i will bought minimum 20 Bitcoin if bitcoin price drop to $1000 he he but i believe btc will not drop bellow $10k in any way

If you read all the comments above, you can see most people are very excited and declare that they will buy as many bitcoins as possible if bitcoin drops to 1000 USD. This makes me think of the case, if bitcoin drops to 10k and people want to buy more and more bitcoins who will sell them and with such strong buying how can it drop to 1k$?

Personally, I don't think bitcoin can drop below 10k because nobody wants to sell at that low price. In the bad case bitcoin drops to 1000$, I will not rush to buy and I will buy some bitcoins to hold instead of buying all the assets. I think when the risk is higher than the potential it brings, I will consider it carefully.

[lienfaye]

I didn’t see any logic as par as bitcoin can go bellow $1000. But since everything is possible in cryptocurrency if unfortunately bitcoin drop to $1000 it will be a great opportunity for every crypto investors to become rich. personally i will bought minimum 20 Bitcoin if bitcoin price drop to $1000 he he but i believe btc will not drop bellow $10k in any way

If you read all the comments above, you can see most people are very excited and declare that they will buy as many bitcoins as possible if bitcoin drops to 1000 USD. This makes me think of the case, if bitcoin drops to 10k and people want to buy more and more bitcoins who will sell them and with such strong buying how can it drop to 1k$?

Personally, I don't think bitcoin can drop below 10k because nobody wants to sell at that low price. In the bad case bitcoin drops to 1000$, I will not rush to buy and I will buy some bitcoins to hold instead of buying all the assets. I think when the risk is higher than the potential it brings, I will consider it carefully.

Only some panic seller can sell there bitcoin When they see that Bitcoin has started to drop a lot . But after selling, they will only regret it when they see that the price of Bitcoin starts to rise again . So I am not thinking of selling bitcoins even though I still have 1 bitcoin.  I try to buy as many bitcoins as I can in the deep market .

That's the usual mistake of weak investors, they tend to panic sell when the price of their coins started to dropped then will have regrets after seeing the price is recovering. In the case of Bitcoin, it's unlikely for it to plunged at $1000 again since Bitcoin has gained more investors and major companies invest and accept it. Therefore there's a low chance for it to happen but since nothing is impossible in crypto, as i've said before, I will buy Bitcoin because it's a rare chance.

[len01]

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

actually i never thought that bitcoin would reach $1000. okay but i will imagine and answer.
if inflation causes a bitcoin dump of up to $1000, that's when the start of massive investments that will be made by some investors after years have passed bitcoin always surprises investors and when the price reaches $ 1000 it is very stupid not to buy more. if everyone wants to learn from mistakes it's possible when prices like this will buy and always buy and hold until bitcoin surprises again

[Oneandpure]

FUD "Bitcoin is Dead" will certainly continue to spread when bitcoin reaches the crash price of $ 1000. If that price can be reached it will be a golden opportunity that should not be missed. If necessary I will invest 90% of the money I have because I believe there will be a bigger increase. But in reality at this time the price is still impossible and unattainable.

Seems golden opportunity if bitcoin price crash to $1000 but little worry will have another FUD about "Bitcoin is Dead" because many investor are panic when bitcoin drop drastically. Some time bad habit to all investor want to see bitcoin crash but get chance with Bitcoin price drop actually afraid for reinvesting and keep watching or waiting until bitcoin back to higher price.

Currently, the price of bitcoin is still quite cheap compared to the last ATH price. This time could be a good opportunity and with a new ATH target again. High risk will give high return, small risk will give small return. So make sure what strategy you want to use, don't miss the opportunity if it happens or take advantage of this opportunity.

Honestly almost drop more than 60% Bitcoin price from ATH nowadays but still can't have moment for bitcoin make another new ATH later, few months later have been one year with bitcoin drop drastically from ATH price and little difficult how to get another new ATH make by Bitcoin.

[fuguebtc]

Bitcoin will never see $1,000 again, certainly not in our lifetime. I know we transition between bull & bear markets, across 4 year cycles but to see the price fall to $1,000 in inconceivable. It’s just not going to happen, it seems pointless to even discuss this.

There would be so many people, institutions, whales buying way above $1,000. It’s not going to happen!

Despite bitcoin's fall and the fact that it is likely to continue to fall further, but its return to $1000 is the most absurd thing I have heard in this bear market, pretty pointless to discuss the impossible out. We can see today many companies, countries are gradually accepting bitcoin as a good investment in the future. With such widespread development and adoption, it is impossible for bitcoin to drop below 10k$, everyone will buy in if bitcoin falls below 15k, certainly no one can wait for it to drop further.

[Japinat]

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 it reaches 1000$ again, then I'd be pretty happy because I'll be able to buy more, in fact, that is what I'll do. I'll buy as many BTC as possible at the time, depending on the time savings I have.

atm bitcoin market cap is around 350 billion and total market cap is below 1trillion that's more than half compared to when BTC price was somewhere between 50-60k

That's right! Buying more bitcoin is a nice good move in case the market drops to as low as $1000 again and buying it at a cheaper price is really an advantage that any investor doesn't want to slide. But how about if you have already accumulated plenty of bitcoins in the past? How would you react? That's the problem right there, chances are we might get problematic because the options are only buying more or hold. We can't possibly sell that asset in a much lower price than the price when we bought it because that's already a loss.

[Hamphser]

~snip~

more precisely the decline since the last ATH was 71% (check on coinmarketcap), this was also caused because many small investors started to panic and continued to sell their bitcoins, while the whales continued to play the market and took a lot of profit from this market decline. To be able to reach a new ATH again or to be able to reach the last ATH price, of course you need good news about bitcoin and maybe when the next Halving occurs the bitcoin price will reach a new ATH. Currently only focusing on continuing to add bitcoin assets and adding some capital for long-term investments.

Even veterans or old ones on this market do really still feel that panic or hesitation and doubts whenever the market do make out huge decline where you do see your portfolio is really going down.There's no way that you could really able to make yourself avoid even if you do have the experience and awareness on the market.

Its impossible that you wont really be making these reactions considering that we are just humans.Whenever we do see our investment declining on fiat value then it would really be that
normal on having these kind of doubts and thoughts in mind.

Reaching back on $1k price is something telling that there's something wrong with Btc.

[OgNasty]

A $1K price would be a little disturbing, mostly because it would signal a major breakdown in the Bitcoin market. Seeing it drop below the previous cycle high is disturbing enough but you can at least make the argument the the previous high was near the bottom here. At $1K, that’s out the window and by then a majority of Wall Street support would be long gone.

[LUCKMCFLY]

If bitcoin should drop to $1000 or below, I think first thing to do is to find out why such a thing happened, because bitcoin, (considering it's current price and all time high price, plus all the high profile investors), have grown past the stage where it can drop to such a ridiculous amount without any form of negative news backing it.

So for me, first, I will have to know what caused the price of bitcoin to drop that low, what ever the reason is; will determine for me whether I should buy more bitcoins or just sit and watch as the whole magic play out.

Well, in that case, reaching $1k would be the unique opportunity to own Bitcoin, I think many would take advantage of it, and it would have to be a very strong reason for bitcoin to fall that way, because some consider it to be a temporary refuge of value, even many gold lovers prefer bitcoin more, this is because of the tremendous start it has had and its acceptance worldwide, we also see that in the traditional economy anything can fall, the stock market, stock market and every market that is supported under a backing, here the only backing is the supply and demand, as well as the whales and all that make BTC life.

[Warkop]

I would not have thought the price of bitcoin would return to the price of 1000 dollars, if that happened then there would be a lot of people who would buy it, myself included, that this is a golden opportunity for everyone to buy bitcoin at the lowest price, even though it is a very difficult thing. impossible to happen...

[EarnOnVictor]

I would not have thought the price of bitcoin would return to the price of 1000 dollars, if that happened then there would be a lot of people who would buy it, myself included, that this is a golden opportunity for everyone to buy bitcoin at the lowest price, even though it is a very difficult thing. impossible to happen...

No one could have thought that those giant stocks that crashed could crash, but it happened. This is an asset, its price could appreciate or depreciate due to many factors. And the issue is that the pressing factors that would crash Bitcoin might not be the ones that are obvious to speculators, it would come and that would be the reality at the time.

I hope this does not come, but as many appreciate BTC now, what if very bad news happens and the sentiment caused the crash?

stock market and every market that is supported under a backing, here the only backing is the supply and demand, as well as the whales and all that make BTC life.

Bitcoin is not left out when it comes to the backing as well unless you mean the government's backing as legal tender only. Some countries are doing that also for BTC, yet I agree that it is not enough. Nonetheless, the backing of BTC is almost the same as that of stocks, we should not mince words on this. The people that hold and buy the two keep them alive, not the government.

A $1K price would be a little disturbing, mostly because it would signal a major breakdown in the Bitcoin market. Seeing it drop below the previous cycle high is disturbing enough but you can at least make the argument the the previous high was near the bottom here. At $1K, that’s out the window and by then a majority of Wall Street support would be long gone.

Perfect! Many do not view this like speculators and professionals, they mainly believe that once Bitcoin sells, it must buy. But are they truly considering the factors that are making it fall? In a situation where it has fallen to $1000, it must have been so demoralized and pressured to the point that almost all the investors/backers/holders must have turned their backs in such a situation.

[m2017]

I would not have thought the price of bitcoin would return to the price of 1000 dollars, if that happened then there would be a lot of people who would buy it, myself included, that this is a golden opportunity for everyone to buy bitcoin at the lowest price, even though it is a very difficult thing. impossible to happen...

Some people would certainly buy BTC if the price went down to the $1000 level, but in my opinion, in the first wave, the majority would have panicked and started selling instead of buying. This is always the case with sharp drops, but at the same time, stabilization usually occurs when the price is kept at about the same level thanks to buyers who believe in the asset. So, the price can't fall rapidly until the asset is completely depreciated, the support level will not allow it. And then, there will be growth, even after the $1000 mark. But to be honest, I don't expect bitcoin to drop to $1000 at all. In my opinion, this is practically impossible in today's reality and the price of $100.000 is more likely than $1000.

[Minor Miner]

~snip~

more precisely the decline since the last ATH was 71% (check on coinmarketcap), this was also caused because many small investors started to panic and continued to sell their bitcoins, while the whales continued to play the market and took a lot of profit from this market decline. To be able to reach a new ATH again or to be able to reach the last ATH price, of course you need good news about bitcoin and maybe when the next Halving occurs the bitcoin price will reach a new ATH. Currently only focusing on continuing to add bitcoin assets and adding some capital for long-term investments.

Even veterans or old ones on this market do really still feel that panic or hesitation and doubts whenever the market do make out huge decline where you do see your portfolio is really going down.There's no way that you could really able to make yourself avoid even if you do have the experience and awareness on the market.

Its impossible that you wont really be making these reactions considering that we are just humans.Whenever we do see our investment declining on fiat value then it would really be that
normal on having these kind of doubts and thoughts in mind.

Reaching back on $1k price is something telling that there's something wrong with Btc.

If bitcoin suddenly plummets severely. I don't think anyone can stay calm and we're sure there will be a lot of questions, what's going on with bitcoin and is this the end? I don't believe people will be brave enough to buy bitcoin for 1k if bitcoin drops from this price. When bitcoin is from 69k and we want it to drop so we can buy and bitcoin price is now 20k, it can be said that this price is cheap, worth buying and worth owning, a price that I consider safe to buy. But if this bear cycle causes bitcoin price to drop to 1k then I bet you no one will dare to buy bitcoin let alone all in bitcoin.