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

[Lanatsa]

Bitcoin dear touches $1000 that is a whole lot of bagging for me. I will spare no dime to purchasing more of Bitcoin. Irrespective of what really transpired that resulted to the sharp decline in price, I don't mind because I strongly believe it would bounce back with a full and stronger force higher than the all time high price. Bitcoin has gone global with full scale and massive adoption which has been catching attention for long now. However no other Crypto currency can take the place of Bitcoin as the first and therefore remains the first ever blockchain to exist in man kind. Never the less, I really doubt the possibility of Bitcoin dropping below that figure or amount as it has already built a base stronger than that. I am strongly of the view that Bitcoin would do better than it's all time high in less than no time. I believe in the potentials and possibility of a bounce back.

You would definitely looking for the reason on why it had dropped that low, we are really seeing the price which is really near into those early years and presuming that we do able to hit up $69k price in the past

and going $1000 this low then you would definitely presume that there's something wrong with it.It might there is a new issue in regarding about it or simply people jumped into other altcoins which they do seem

which is more worth than Bitcoin.When it comes or times like this then it would be neither people would be that hesitant or would definitely be longing to accumulate as much as they could
but pretty sure that decisions made wont really be that simple.

[1714619647]

1714619647

[1714619647]

1714619647

[1714619647]

1714619647

[1714619647]

1714619647

[1714619647]

1714619647

[nullama]

~snip~
You would definitely looking for the reason on why it had dropped that low, we are really seeing the price which is really near into those early years and presuming that we do able to hit up $69k price in the past

and going $1000 this low then you would definitely presume that there's something wrong with it.It might there is a new issue in regarding about it or simply people jumped into other altcoins which they do seem

which is more worth than Bitcoin.When it comes or times like this then it would be neither people would be that hesitant or would definitely be longing to accumulate as much as they could
but pretty sure that decisions made wont really be that simple.

The price depends on many factors, including human emotions, news coverage, etc. Those are all independent of how Bitcoin works.

If the fundamentals of Bitcoin haven't changed, I would buy as much as I can at $1,000 because inevitably things will change in the mainstream perception over time.

[EarnOnVictor]

What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?

I wouldn't say I'll be overjoyed, but I will be overjoyed because the market has lowered the price to the point where many people who missed out on investing in Bitcoin during its early stages can now do so.
Although I know it will be difficult for the Bitcoin price to fall this low because many market makers will not allow it to fall drastically due to their large investment in the market, if it does, I will do everything I can to buy as much as I can because I know it will rise again.

Actually I don't want to speculate about something that I believe is unlikely to happen. But if I really have to speculate, then I'll do what you do. I will carry as much Bitcoin as possible into my wallet instead of turning away from bitcoin. Because it is a golden opportunity that may not be repeated. But again I believe that is unlikely to happen, even if it did, maybe when there is a great recession sweeping across the world.

Truly, this seems unlikely, but it does not stop the fact that it is possible. As we hope it doesn't happen, if it happens, then it might be the right time to plan a renewed investment in BTC. Mind you, we do not need the great recession for BTC to fall significantly, what if the US, UK and Europe decided to turn their backs on the coin, what would happen? This is just an example that we will always hope does not happen.

~snip~
If the price drops drastically, I think I could need a few bitcoins since I still have money to buy them. It was a joyous moment for many people who didn't have much money because they could buy more bitcoins at very low prices. But I think it's unlikely that the price of bitcoin will drop drastically unless a lot of investors lose faith in bitcoin and a lot of whales sell their bitcoins, causing the price to drop very quickly. But even if the whales will dump the bitcoins, I don't think the price will drop that drastically because it takes a lot of bitcoins to force the price down to that level.

Price manipulation can be done by big players.

The problem with this is that it's not a long term strategy. Sure, they sold lots of bitcoin and lowered the price, but then lots of people kept buying and the price eventually will go back up, and the big players eventually will run out of Bitcoin to sell.

The key thing is that there's a finite number of Bitcoins out there, and they cannot lower the price indefinitely because there's more and more people joining in that also want to participate in Bitcoin.

A price of $1000, which I don't even think is possible, can only happen in the short term. Long term the price will go up.

To answer the question, I would continue buying more Bitcoin at that price.

As long the demand is intact or something didnt change then whenever bitcoins price plummets then its safe to presume that there would really be lots of strong support below which would catch up.

That is the point, the demand can never be intact in such a situation. Such a significant drop would only create panic, and many that are making month that they would buy at such a low might only panic more, or buy a little.

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 it's true there must be a problem if btc reaches 1000$, but I'm sure the price will go up again in a short time because there will be a lot of demand.
and here can be assured that the price of bitcoin is in trouble and manipulation occurs here

You have some good points here, we should first know the cause of the huge fall and determine if the cause is still lingering, not that we will just blindly invest in it. But don't be sure the price would go up in a short time, just let the right speculations guide you.

[paulbowyer]

I think that the max that BTC could reach is a 10k$ and lower it cant go anyway

[silbertlee]

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.

I already have a picture of what you described. But I totally agree with you - health is important. But I guess we'll never wait to see $1,000 in Bitcoin again.

[daweller1]

I think Bitcoin, currently being at $16K, is just lots of investors who don't understand that fundamentally, Bitcoin is rock-solid.
They see FTX go belly-up, the fear and irrationality kicks in, and they dump... so I buy it up, thanks.

[Renampun]

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.

just like you, I will also see what conditions and situations cause the price of bitcoin to fall that deep. the wild scenario that comes to my mind is that the price of bitcoin will crash if satoshi goes public - if that happens then I will not buy bitcoins because most likely the government will control that and make bitcoin a stablecoin.

I already have a picture of what you described. But I totally agree with you - health is important. But I guess we'll never wait to see $1,000 in Bitcoin again.

fact: Bitcoin will never touch $1000 again (never even to $10k).

[bitmit.exchange]

Buying a bag of Bitcoin in the dip...

[jakdanyel]

I don't think Bitcoin will ever fall to $1000. For this possibility to happen, all the balances in the world need to change. For example; it's like a big international problem. In today's conditions, I think bitcoin can fall to around $ 10,000 at most. This value is also very little for bitcoin, in fact. But since there is an opportunity to buy, it would not upset me if it fell to this value.
if everything goes wrong and it goes down to $1,000, everyone will panic. However, those who do not panic in that state and continue to add bitcoin to their wallet will win big.
It's just going to be a long, patient wait.

[Marcorey]

If Bitcoin reaches $1000 I will buy as much as I can, it will be a good opportunity for me to profit. As time bitcoin becomes more popular and more people will accept it, one day the price will rise again and have a better value in the future.

[sukmo]

if the drop is sharp and sudden, so i will buy. If in the next 2 years we're going to gradually go down, reaching something like 10k next year and 1k in 2 years, I'd be really worried about the future of btc because if you think about it, 10k is mostly under mining profitability. If we took a year at 10k and then went to 1k, nobody would mine this. All those billion dollar investment companies have to get out, all the celebrities, bitcoin casinos, the entire industry has to sell exit ends for us to get to 1k. At this point I'd say flash crashes due to no liquidity possible, but not a gradual drop to 1k. That will indicate the end of all cryptocurrencies.

however if in the end we took a year at 10k and then went to 1k no one would mine this. All those billion dollar investment companies have to get out, all the celebrities, bitcoin casinos, the entire industry has to sell exit ends for us to get to 1k. At this point I'd say flash crashes due to no liquidity possible, but not a gradual drop to 1k. That will indicate the end of all cryptocurrencies.

Because if the price is very low, then it will not be difficult to make an artificial pump and make a big profit from it. But I can't believe the price will be that low. I've seen the price of Bitcoin drop to $4k, but now, because Bitcoin is so much more popular, going so low is impossible.

[Minecache]

fact: Bitcoin will never touch $1000 again (never even to $10k).

It is definitely impossible for the possibility of dropping to 1k even if something worse happens, but with 10k we cannot say that this will never happen. In just 3 days, the FTX crash caused bitcoin to go from $21,000 to $15.7k and FTX's drama will not stop, once FTX goes bankrupt, there will be many consequences later. Don't think it's over, I predict that the market will crash again and the bottom could be 10k-12k.

[Nrcewker]

Buying a bag of Bitcoin in the dip...

It will be very risky to be honest. I mean suddenly coin like Bitcoin fall 20x it’s worth will be really surprising. So before buying the coin at that price, we should calculate and estimate all the risks that might involve in that. As no one wants to bear losses, like what happened to Doge during Elon Musk’s time. Moreover if we talk particularly about Bitcoins, then there is high chance that price will go up, due to it’s marketcap, so yes purchasing some Bitcoins won’t be harmful, until unless you thinking for long term.

[xSkylarx]

If Bitcoin reaches $1000 I will buy as much as I can, it will be a good opportunity for me to profit. As time bitcoin becomes more popular and more people will accept it, one day the price will rise again and have a better value in the future.

First of all, I would say that it would be a long way to go to get Bitcoin to $1000, and I still believe in Bitcoin at that time. newbies at that time is that they are already bashing Bitcoin at that time. For those who really have experience with bitcoin, if they have solid evidence that bitcoin is not dying, I am pretty sure that they will buy bitcoin no matter what. They will spend their money to buy bitcoin.

[Oasisman]

If Bitcoin reaches $1000 I will buy as much as I can, it will be a good opportunity for me to profit. As time bitcoin becomes more popular and more people will accept it, one day the price will rise again and have a better value in the future.

This is another statement that's easier said than done.
Let's be realistic here, as I've seen a few replies that they want to fill their bags and buy Bitcoin as much as they can when the price dips down as low as $1k. But, I don't think people's sentiments might still be the same when that actually happens. We've seen one of the worst dip in 2018, where Bitcoin touched $3k after the unprecedented $19k ATH, some even recorded $20k. People were actually panicking and jumping off the train immediately, thinking Bitcoin would crash so hard and will never recover.

[Itty Bitty]

I'm curious how many people at these Cefi places bought bitcoin specifically to get a higher interest rate. Like, how many people thought, hmmm, I can deposit my $10k in a bank CD and get 0.5%, or I can buy $10k worth of bitcoin, deposit it on cefi, and get, I don't know, 4 or 6 or 10%+ interest? In other words, how much of bitcoin's price rise came from this kind of (sort of artificial) demand?

On the other side, with fewer companies and coins available for re-hypothezation, that should reduce this (sort of artificial) selling pressure overall, shouldn't it?

[paulbowyer]

I’ve been hearing a lot of the same type of opinions for a long time that the crypto will be in a relative drawdown until the next halving, up to 24 year. Given all the current circumstances and the prerequisites for possible futures, this version seems very real

[goldkingcoiner]

My first thought will be: Oh great, now I can have a second chance to invest a decent amount of money for my future. I am glad. I should have taken the chance the first time but this is ok too.

My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).

[EarnOnVictor]

I’ve been hearing a lot of the same type of opinions for a long time that the crypto will be in a relative drawdown until the next halving, up to 24 year. Given all the current circumstances and the prerequisites for possible futures, this version seems very real

Personally, I don't buy the idea of those theorists, Bitcoin is still young in the field of financial investment, and we need more years, if not decades to fully ascertain its true nature. For now, be a good speculator based on the economic and technical reality of the market and shun what I call a "myth."

My first thought will be: Oh great, now I can have a second chance to invest a decent amount of money for my future. I am glad. I should have taken the chance the first time but this is ok too.

My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).

It's nice you have two thoughts about this, but the second thought might not delay that much. Bitcoin could rise very fast after much falling, I won't doubt that. It only needs a reason to do it, and when the opportunity comes, it would be a strong bullish run as it played in the past.

If Bitcoin reaches $1000 I will buy as much as I can, it will be a good opportunity for me to profit. As time bitcoin becomes more popular and more people will accept it, one day the price will rise again and have a better value in the future.

This is another statement that's easier said than done.
Let's be realistic here, as I've seen a few replies that they want to fill their bags and buy Bitcoin as much as they can when the price dips down as low as $1k. But, I don't think people's sentiments might still be the same when that actually happens. We've seen one of the worst dip in 2018, where Bitcoin touched $3k after the unprecedented $19k ATH, some even recorded $20k. People were actually panicking and jumping off the train immediately, thinking Bitcoin would crash so hard and will never recover.

You are one of the few people that are realistic here. Many would want to be rich due to the low price of BTC, but they neglect the possibility of it falling, the cause of the dumping. Honestly, fear and panic would be in the market then, it's easier said than done.

fact: Bitcoin will never touch $1000 again (never even to $10k).

It is definitely impossible for the possibility of dropping to 1k even if something worse happens, but with 10k we cannot say that this will never happen. In just 3 days, the FTX crash caused bitcoin to go from $21,000 to $15.7k and FTX's drama will not stop, once FTX goes bankrupt, there will be many consequences later. Don't think it's over, I predict that the market will crash again and the bottom could be 10k-12k.

You made me laugh about your comment on the impossibility of Bitcoin falling to $1,000. Please, visit the dictionary to ascertain this, and then you will know that it is possible for any asset to astonishingly rise or unbelievably fall. However, we hope it doesn't happen, but if it does, it's an opportunity for an ardent fan like me.

[RAppleby]

Buy low and sell high. When it reaches 1,000 US dollars and the price continues to drop, the market may lose many people. They are in this market just to make money, to live. When the price continues to rise. There will be more and more people returning to this market again. People's original intention is still to make money. They will take their chances. People who have been in this market will not leave.