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

[hatshepsut93]

If Bitcoin drops that low, I would at least be happy that I sold some at $50,000 and overall made a very decent profit with Bitcoin. If I only hodled and never sold and the price dropped catastrophically low, I would be full of regret over missed opportunities like selling at $69,000. It's never a bad idea to take profit with a portion of your investment, even if you think that it will get much higher eventually.

[nullius]

1 BTC = 1 BTC.

OP is a n00b who was intentionally anti-Bitcoin for years.  He obviously now regrets that he chose not to buy BTC at $1,000.  Now, greed has gotten the better of him; but he still has not learned some important facts:

• You need Bitcoin.  Bitcoin does not need you.
• Bitcoin was created for the purpose of being permissionless money.  You will never change it to be otherwise.
• Interrogative sentences should be concluded with a question mark.  (See topic title.)  The word “legality” does not mean “illegality”.  (See the conclusion of the above-linked post.)  And so forth...  OP struts as if he has wealth, but I don’t believe it unless he won the lottery.  He lacks sufficient intellect for useful business.
• If you announce that you hate the essential purpose of Bitcoin, but you grudgingly bought BTC because profitability persuaded you that Bitcoin isn’t so evil after all, then Bitcoiners will not exactly pat you on the head and hand you a lollipop.  If you, a patent anti-Bitcoiner, want to be praised and showered with positive reinforcement for bringing your chump change to a coin so that you can join the chase for some moons, then I suggest that you should sell all your BTC right now, and buy SHIB instead.
• 1 BTC = 1 BTC.

Filed under:  Attempts to educate the ineducable.  HTH, HAND.

[Mr.right85]

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.

I can't claim to have been around very much or actively involved in crypto but I can say, I've got quite much for a 1year of experience and one thing I know is, these rise and falls happens. Every bullrun is followed by a corresponding bearish market condition to balance it off. As much as $1k would be so much and a painful sight, it also offers a buying opportunity for which, I am sure to take advantage of still using what I can afford to loose and get more value for my money in BTC. The $1k would be way too low but when you can't do nothing about it, the least you could do and it would matter is just to buy and hold.

[nullama]

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.

Personally I will continue to acquire more Bitcoin all the time, independent of it's current price.

If it's $1000, then I would be able to get more. All good.

I don't really care too much about the present price, or the short term. I'm thinking a couple of decades time.

[smartaction]

There is no way that the price of Bitcoin will be $1k. And I don't see any chance of it being $10k either. Thinking of a bitcoin price of $1000 is like catching fish in rainwater he he. I think 17k was the lowest price for bitcoin in this year.  Now Bitcoin price will rise again and make new ATH.

[TheUltraElite]

1k is a price that can happen if there is a huge dump. Logically I don't see that happening because such price drops happen gradually not all of a sudden. As that happens people start buying as well and the correction to the drop also starts.

Someone will always be there to buy even when there are people to sell. But if really the price reaches that too, I would already have started buying.

A sudden drop to such price requires a huge volume of money, which is frankly aburd to even think of. Peak or bottom is less important to a trader, for them the number of times they can buy at the low and sell at the high matter. So don't think people will give up on Bitcoin so easily.

[KaliLinux]

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.

I know they use to say, Anything can happen in Cryptocurrency but I don't think this will happen because for Bitcoin to drop back to around $1000, there must be something very wrong, ether the whole world had decided to dump Bitcoin, and before the price even gets there, most investor would have dumped their hodl and miners will definitely stop mining which would be another bad news for the network...it would be a total disaster for Cryptocurrency not just Bitcoin. 

[Ahli38]

if the decline is only due to fud and no other strong reason. then of course I will be a more active bitcoin buyer. I will pour more capital to buy bitcoin if that happens. although I feel the possibility of that happening is very small. but nothing is impossible. if the global recession worsens. the economy is falling. then it could happen. But we certainly hope that doesn't happen.

[dansus021]

Suicide is best option   just kidding.

but yeah it will hurt for some holders and the news will be everywhere that says bitcoin is the biggest scam ever in history record. But people always who believe still going to buy bitcoin at this crazy flash sale. but for now I think its little bit impossible to touch that level.

[lienfaye]

if the decline is only due to fud and no other strong reason. then of course I will be a more active bitcoin buyer. I will pour more capital to buy bitcoin if that happens. although I feel the possibility of that happening is very small. but nothing is impossible. if the global recession worsens. the economy is falling. then it could happen. But we certainly hope that doesn't happen.

Same thoughts. If the reason is due to FUD on why Bitcoin returned to $1k value then I will buy because its a cheaper price that many of us wish to buy few years back before the bullrun happened. I already made a decent profit for selling everytime the price is increasing hence I can accept whatever happen for the future of Bitcoin. Anyway, I dont think its possible to reach $1k again since many investors will take advantage the every drop in prices to fill their bags.

[Sayeds56]

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 think it will never drop down to $1000  unless new technology evolves and  changes the fundamentals of Bitcoin which is not likely to happen so soon. Its adaption on institutional level have grown at a very fast pace during the past 2 years which signifies its importance as store of value. I am confident that it will yield huge reward to those who believe in it and hold it for long term.

[LittleBitFunny]

This possibility is very unlikely, for me it certainly won't happen. However, assuming bitcoin will be able to reach 1000$ again, we should first investigate what is causing that crash, if it's not a problem from bitcoin's own network, but if there are incidents related to economic news, politics, government bans... or events not related to bitcoin, I will turn on buy mode.

I myself have a strong belief in bitcoin, as long as the crash is not caused by bitcoin itself then I will not pass up that one-of-a-kind opportunity.

[Betwrong]

~ 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?
~

$1,000 for 1 BTC is a dream for crypto investors, but we all know that it is never going to happen. In fact, inflation shouldn't be affecting crypto in the negative way, the opposite should be happening, right? It's all because of panic. In times like these some folks are selling gold, gemstones and other valuables at cheap prices, because in panic people often do the opposite to what they really should be doing to save themselves. But, fortunately, most people don't panic. They are sober and rational, and that is why we'll never see $1k for 1 BTC.

[stadus]

IF that will happen, that was the time I buy 1 whole Bitcoin...

Well, nobody will be able to believe and think that gonna happen in real. As we can see FUD becoming less effective, more countries are giving support, and a growing volume of adopters - and all of these are the reason why I'd never see it and was certain that it won't happen. let's assume this will come, that probably will be the ending journey of crypto and new technology comes out.

[cheezcarls]

Despite that I could say that its a good time to buy with that price of Bitcoin, I don’t think at this current state we will be reaching that amount again. It’s highly impossible right now for us to reach $1k per BTC because of the market’s maturity and the continuous adoption of institutions, traditional companies, governments, banks, etc.

[coolcoinz]

When we're talking about 1k, we should first talk about 10k, 6k and 3k. Those were very important levels in the previous bull and bear markets. Say, we'd go back to 10k, which was the consolidation level before the 2021 bull market. Why would we go that low and why wouldn't big players jump in to buy? If that's lost and we'd go to the 6k, which is the sustained bottom of 2018 bear market (Yes, that was the real bottom. We fell below only due to miner capitulation and that made illiquid exchanges crash below the once strong support.) Why wouldn't traders take that opportunity to buy?
Next is 3k. At that level all who bought bitcoin since 2019 would be long gone, so for us to go to 1k you'd need long time holders to sell at a loss. People who had coins in 2017 and did not sell them for 20k, then held through 2  years of bear market, a crash to 3k, then another crash to 3k in 2020 due to covid. I'm one of these people and I would never sell at 3k because I know that in a year or 2 price would definitely rebound above 10k again.

I held through 2018 bear market and I'm not going to give away my coins to someone for a mere 3k, and 1k is of course out of the question. Iven if I were on my dying bed I'd rather gibe it to my family to hold than sell it at 3k or less.

[GideonGono]

It would depends on the situation but honestly speaking I would think that Bitcoin is dying, although I would still have faith with it.
If I think that it would continue to fall then I'll wait but if I think that it already hits the bottom then I'll buy for sure.
Who would want to miss out that opportunity?

[NicNacCoin]

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 this is the case, then first you need to know how such a big drop happened in Bitcoin.Such a big drop must be due to a major problem in Bitcoin. And will be one of the reasons why Bitcoin will be destroyed It will depend on the Bitcoin market.If there is a chance that Bitcoin will not crash then I will definitely invest and hold it for the long term.

[freedomgo]

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. I remember when Bitcoin was around 9-10k and I had to sell some for ongoing expenses so I asked few friends who wanted to buy from me when BTC was ~17k, and none of them were interested, sating that price is too high. Then they contacted me again when BTC went to 35k as in their eye BTC suddenly became cheap.

As for me, it would depend how we came to that price. If there's nothing wrong with Bitcoin itself I would keep doing DCA as that's my preferred investment tactic.

For some, most especially with weak hands, this will bring panic and fears and will make them sell their coins at a very low price. However, for smart investors, this is the best buying moment for bitcoin. If the price decline is just an ordinary price drop, and there’s nothing to worry about, then it’s definitely another good opportunity to do DCA and add more bitcoin on our portfolio. I would love to do that for sure.

[Sanitough]

It will be the new chance to reinverse in the bitcoin at the cheap price,because it was happened only with the time travel to the past.Most of the people ,nearly 70 percentage of economic sharing population know about the bitcoin now.Instead of feel about the bad,it’s better to way forward.Then you should try to make some good changes to your past.If this 1000 dollars happened,huge new people will back to forum.

This is another great opportunity to invest again, and for newbies to enter the market. Bitcoin is the best asset in the market and it’s the most profitable one, so it’s always expected that the people will be in a panic buying knowing the price won’t be the same all the time. Instead of worrying, just always think the positive side. Bitcoin is great and so we should never miss another train again not to invest.