BTC to $500, are you still buying?

[armanda90]

Yes, that's the thing.

There are many people willing to buy Bitcoin at different levels of price.

I don't think it is real to assume that the price can go to $500, because there will be such a massive amount of people with orders already placed at lower and lower prices, that are way higher than $500, and that would keep the price always higher.

If after all those people bought it and there are still more and more sells so that the price continues to go down to $500, I think that basically there's no one else around wanting to buy, which is probably crazy really.

During bitcoin have much volume transaction at the market I believe all trader or investor keep buying bitcoin although have go down to $500, difference moment after bitcoin raise up significant and go down drastically more than thousand hundred percent but many people keep buying without worry will bitcoin go down more lower price in the future or not, during have demand and supply not worry to buy bitcoin not matter price have up or drastically dump.

Just unacceptable with OP assume about bitcoin go down to $500, its very unlogic prediction bitcoin goin down how drastically comparison bitcoin price right now. If drop under $40k to $50k still possibility but difficult to acceptable if bitcoin drop to $500 after bitcoin have raise most expensive price.

[Z_MBFM]

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?

It is impossible that Bitcoin will never reach $500. Because with the demand for Bitcoin worldwide, I don't think it will ever be possible for Bitcoin to fall below $20k again. If magically such an event ever happens and Bitcoin drops to $500, then I will definitely buy Bitcoin and even if I sell any of my valuable assets, I will buy and hold at least 100 Bitcoins. This is just a fantasy, in reality it is never possible. The price of Bitcoin will only get more and more expensive day by day. Dreaming of buying Bitcoin below $20k will only give yourself false assurances.

[jaberwock]

Hypothetically, if BTC crashed to $500, it would devastate investors who bought high and fuel crypto skeptics. Yet, history shows extreme dips often create buying opportunities. Would you see it as a bargain or a red flag? Or would fear outweigh the potential upside? Curious to hear your take!

We need to understand that even though a large number of people might have already bought into Bitcoin by this point, there is always a large number waiting to make an entry or a large number that is only getting to know about Bitcoin and cryptocurrencies. So, even though we know it's not going to happen, if Bitcoin drops to $500 a unit, there will always be a new set of buyers waiting for it, and they will take over the market from there. Those who lose money or everything they had will probably exit.

New buyers will buy Bitcoin, and also, there will obviously still be traders in the market by that point because it wouldn't drop to that point all of a sudden but it will happen periodically, so those who are currently in it, will probably still be there, just in a lot of loss if they have been buying every dip. Those who can still hold at that point might become the winners if it manages to recover from that point and hit $100k again.

[Natalim]

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

I believe there will always be someone who buys bitcoin, even if it is very difficult to predict the future. The normal money system is not completely trustworthy. Because Inflation and the unlimited new printed money that inflation gets a few percent every year. I believe that for these reasons there will always be people who want to own something else. Also bitcoin, gold, real estate, cars and everything else. So no matter what the price, it will be bought, even if trust has dropt extreme with a price of $500.

Absolutely. New investors will surely rush in the market to buy bitcoin and imitate those old investors’ DCA strategy and hold them for long term. Even myself I would not let this opportunity passed without purchasing bitcoin again because no matter how it dropped very low, the chances to skyrocket again would still be highly possible. So I’m definitely buying all over again.

[irhact]

It is impossible that Bitcoin will never reach $500. Because with the demand for Bitcoin worldwide, I don't think it will ever be possible for Bitcoin to fall below $20k again. If magically such an event ever happens and Bitcoin drops to $500, then I will definitely buy Bitcoin and even if I sell any of my valuable assets, I will buy and hold at least 100 Bitcoins. This is just a fantasy, in reality it is never possible. The price of Bitcoin will only get more and more expensive day by day. Dreaming of buying Bitcoin below $20k will only give yourself false assurances.

Mate, impossible is nothing actually so never say never, this doesn't mean I agree that Bitcoin is someday going to crash that bad but at the sane time I wouldn't advice that you express such certainty with anything as we have see things we believed are Impossible happen before our very eyes in the digital space and this isn't limited to digital assets alone, remember in the technological space, there's always advancement and yes some advancements do  come with so much value that the speed for it's embracement becomes one which you may cause another to loose their value except they make some extra moves.  And lastly if Bitcoin ever gets to $500 it may look like a new opportunity to buy at its best price to make profit but be careful and be sure it's not a trap.

[Minor Miner]

I believe there will always be someone who buys bitcoin, even if it is very difficult to predict the future. The normal money system is not completely trustworthy. Because Inflation and the unlimited new printed money that inflation gets a few percent every year. I believe that for these reasons there will always be people who want to own something else. Also bitcoin, gold, real estate, cars and everything else. So no matter what the price, it will be bought, even if trust has dropt extreme with a price of $500.

There will still be people buying bitcoin if the price drops to $500 but I don't think they will because they have lost faith in the traditional monetary system and are looking for something more reliable. They buy bitcoin because they are speculating and hoping to get rich quickly from it again.

I don't think many people will believe in bitcoin if it drops to $500. How can they trust a currency that is being dumped and has lost over 90% of its value? If it really had potential and was better than the traditional currency system, it would never have dropped to $500.
Has gold ever lost more than 90% of its value?

[Ricardo11]

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?

It is impossible that Bitcoin will never reach $500. Because with the demand for Bitcoin worldwide, I don't think it will ever be possible for Bitcoin to fall below $20k again. If magically such an event ever happens and Bitcoin drops to $500, then I will definitely buy Bitcoin and even if I sell any of my valuable assets, I will buy and hold at least 100 Bitcoins. This is just a fantasy, in reality it is never possible. The price of Bitcoin will only get more and more expensive day by day. Dreaming of buying Bitcoin below $20k will only give yourself false assurances.

Even at this time, those who wait for $20K will only miss out on good buying opportunities. Because Bitcoin will always be valuable, yes, although dumping will definitely happen, but I don't think dumping as much as going to $20K is possible. Due to a slight drop in Bitcoin volatility, it may reduce $5K / $10K from the current price, and if it is too high, it may drop to $75K or $70K, but it will never be easy to drop below $20K, because Bitcoin is volatile, but Bitcoin is not so volatile that it will drop to $20K. So instead of waiting for $20K, start investing now by looking at future possibilities. Whatever the price, just keep buying, this is the best strategy.

[JiiBs]

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?

It’s a position that would bring a lot of skepticism and caution to the mind of investors. This would lead to people having to ask the reasons why it happened the way it did. Understanding this would greatly determine the decision of an investor either to continue buying or not. Perhaps the whales decides to liquidate and the weak hands joined in to liquidate. If there is nothing wrong with the foundations to the Bitcoin network, I don’t think it would stop me from buying. Perhaps I might take the opportunity to own an entire Bitcoin, maybe 2Bitcoins while watching how the market carries itself.

[arabspaceship123]

There isn't perceived unreliability for the digital currencies market. Investors were buying at $100k so they'd buy at $500 so this question isn't important. Remember ppl spent $100k so it doesn't matter how much bitcoin's price changes because ppl will buy.

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?

[Taskford]

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

I believe there will always be someone who buys bitcoin, even if it is very difficult to predict the future. The normal money system is not completely trustworthy. Because Inflation and the unlimited new printed money that inflation gets a few percent every year. I believe that for these reasons there will always be people who want to own something else. Also bitcoin, gold, real estate, cars and everything else. So no matter what the price, it will be bought, even if trust has dropt extreme with a price of $500.

Absolutely. New investors will surely rush in the market to buy bitcoin and imitate those old investors’ DCA strategy and hold them for long term. Even myself I would not let this opportunity passed without purchasing bitcoin again because no matter how it dropped very low, the chances to skyrocket again would still be highly possible. So I’m definitely buying all over again.

By saying that they are new investor for sure that they would never think about buying Bitcoin at that point especially if they know the market is experiencing a big crash. So instead of buying it they might have doubts to acquire since their concern is if they could still get a profit since what provably come up on their mind Bitcoin is slowly dying.

But I'm sure that people who deal with Bitcoin for many years and see this kind of situation would provably buy Bitcoin despite of it drop to that $500 far from current value. Since for sure experience traders and holders provably knows that Bitcoin would have great recovery just like what it did for many years past. New investors would not think about that usually they are skeptical and afraid to lose their money.

[Marvell1]

If that situation happens with the impact of a major event, which I'm sure is not just related to the hacking of an exchange that results in bankruptcy. Then there will still be two thoughts in the market, one party will think like you, there is no more potential in Bitcoin. And on the other hand, will still think optimistically about recovery even though it will not be on a large scale. There is still a chance to make a profit even though you will not think of reaching ATH.

Yes, I also believe that if bitcoin drops to $500 there will still be people buying it and I will probably buy it too. But I will buy some bitcoin and I buy it for speculation, based on luck, not for its potential. And those who buy bitcoin also buy cautiously and only buy for speculative purposes. I don't believe anyone would dare to go all in or buy recklessly as many people say.

Losing 99.54% of its value is an extremely large drop and as we can see, usually only shitcoins get dumped like that. Potential investments, assets of real value, will never experience such a decline.

One thing we need to remember is that in 2011, 2015 and 2018, bitcoin was considered a risky and uncertain asset with a fairly small capitalization but never dropped 99%. Meanwhile, it is currently one of the most popular assets in the world so if that happens, it is inevitable that people will lose all faith in it.

[KiaKia]

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?

It is impossible that Bitcoin will never reach $500. Because with the demand for Bitcoin worldwide, I don't think it will ever be possible for Bitcoin to fall below $20k again. If magically such an event ever happens and Bitcoin drops to $500, then I will definitely buy Bitcoin and even if I sell any of my valuable assets, I will buy and hold at least 100 Bitcoins. This is just a fantasy, in reality it is never possible. The price of Bitcoin will only get more and more expensive day by day. Dreaming of buying Bitcoin below $20k will only give yourself false assurances.

There are many times that the impossible have turned possible, if you say this is impossible then you will likely be among those people that will overreact to the situation if it unfolds.

I don't believe that anything is impossible in this world of finance, let's have a small discussion about the possibility.

Let's say we get to a point where it is very hard for new money to flow into Bitcoin and things are just stagnant for some time, the only way is to cause panic by powerful people.

Don't forget that there is massive money in chaos and wars, it's why I fear this world the most, trillions are made out of killing people, imagine that, and you saying the leaders around the world can't come together to crash Bitcoin so that they can have upper hand? It is possible.

[YOSHIE]

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

If the price of Bitcoin drops to $500, of course I have to be calm and there are some things I have to do before to draw conclusions to buy or not.
1. I try to keep thinking positively and not panic.
2. Of course I have to evaluate a number of things and do further research what causes and the reason for the price of Bitcoin drops to $ 500.
Of course some other information about the development of Bitcoin for the future after the price drops.
3. Why is the memon and the factor of Bitcoin decreases and many other evaluations that must be done.

With some considerations that must be done in detail, I make a decision whether to buy whether or not, if something remains normal is only a decrease caused by which does not affect the network or system I will buy.

[Dr.Bitcoin_Strange]

The price of Bitcoin started off from $0.000 and in that early year that Satoshi created Bitcoin, who even imagine that Bitcoin will have become so successful as it is today, even when I first knew about Bitcoin, I used to think that it will take a very long time for Bitcoin to reach $100k but it didn't take as long as I imagine, so even if Bitcoin gets to $500k today, I will still buy and many people will keep buying because definitely the price will also go above the $500k. What ever factor that made the price to get to $500k will still cause it to reach $1 million and if you don't buy when price is still $500k, you will regret when it gets to $1m.

[Ricardo11]

The price of Bitcoin started off from $0.000 and in that early year that Satoshi created Bitcoin, who even imagine that Bitcoin will have become so successful as it is today, even when I first knew about Bitcoin, I used to think that it will take a very long time for Bitcoin to reach $100k but it didn't take as long as I imagine, so even if Bitcoin gets to $500k today, I will still buy and many people will keep buying because definitely the price will also go above the $500k. What ever factor that made the price to get to $500k will still cause it to reach $1 million and if you don't buy when price is still $500k, you will regret when it gets to $1m.

Actually Bitcoin will always be valuable with even this volatility. It is never possible to predict when Bitcoin will reach a certain level, so Bitcoin will continue to rise at any time, so every investor should not waste time and fully utilize the current opportunity, those who do not buy at this stage, he will regret it in the future. It is not impossible for Bitcoin to be worth $10M in the future, so no matter what the current price is, you should just buy, whatever the price. Investors need to think long-term, and buy continuously for long-term purposes. Opportunities will not always be there, those who can utilize the opportunity in time, only they are the ones who make real profits.

[Mame89]

The price of Bitcoin started off from $0.000 and in that early year that Satoshi created Bitcoin, who even imagine that Bitcoin will have become so successful as it is today, even when I first knew about Bitcoin, I used to think that it will take a very long time for Bitcoin to reach $100k but it didn't take as long as I imagine, so even if Bitcoin gets to $500k today, I will still buy and many people will keep buying because definitely the price will also go above the $500k. What ever factor that made the price to get to $500k will still cause it to reach $1 million and if you don't buy when price is still $500k, you will regret when it gets to $1m.

Of course no one imagined that bitcoin from its lowest price until now could reach $100k, even people who knew bitcoin from the beginning did not expect bitcoin to be like it is now. Moreover, at that time, trust in bitcoin was very low and information was limited. When the price is like it is now, of course many regret not investing earlier.

Well, what OP entered will not go up to $500k, but if for example the price of bitcoin drops to $500, will anyone still want to buy it? This is a question from OP.
Of course, when the current price of bitcoin is $85k and then drops to $500, many people are shocked, especially if it drops in a short time. I myself, if that possibility happens, I will first see what makes bitcoin fall that low, if I have analyzed it and see the potential that it will not drop again, I will definitely buy it again. But what is certain is that seeing the growth of bitcoin as it is now, the possibility of it dropping to a price of $500 is very impossible unless there is an apocalypse on the internet.

[Cookdata]

Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?

There are some assumptions you shouldn't be making because you know why? This space started as a trial and it keeps getting better and better over time. Bitcoin isn't going to $500, this phrase has been used before I know but where mine is coming from isn't from speculations, mine is coming from mathematics that doesn't lie. Saying Bitcoin going to $500 is like saying the whole world killing every Bitcoin holder and that's not possible in any way.

The last time, we have had many Bitcoin crash in the past but we haven't had institutional investors, it was more like speculators are everywhere but there are institutions with billions of dollars invested in Bitcoin and they wouldn't watch Bitcoin go to even below $10k not to even talk of the price you are expecting, there are other utilities guiding Bitcoin as financial instruments that will make it hard to difficult to go to does areas of prices you think, dump is possible but not as deep as you think.

[wakier]

For those who have bought at $80k-100k and if suddenly the price of bitcoin drops to $500 they may experience a big loss if they sell it at a low price but if they keep it in the long term it will recover soon because we still have the same assets as we bought at a high price, and if we still have more money it would be better if we bought more at a low price of $500. For example you buy 2 bitcoins only and if bitcoin returns to a price of $80k at least you have made a profit of $159k without waiting for the profit of your initial asset that you bought at the beginning ($80k-$100k) you can sell it all.

I can imagine if bitcoin drops to $500 how many investors buy it and make bitcoin rise again rapidly, but it is also a bit impossible as long as Sathosi does not sell all of his Bitcoin holdings.

[bakasabo]

If one day Bitcoin price drops from current $84-85k to $500, I would still buy it. Explanation is simple. Firstly, I can and know how to wait. I can wait for price to recover. Secondly, Bitcoin has got so crazy popularity, that if I buy it at $500 price, there will be always who will be ready to buy it for $501. There will always be demand on Bitcoin, whenever price of it is.

[nemesis_incarnate]

If one day Bitcoin price drops from current $84-85k to $500, I would still buy it. Explanation is simple. Firstly, I can and know how to wait. I can wait for price to recover. Secondly, Bitcoin has got so crazy popularity, that if I buy it at $500 price, there will be always who will be ready to buy it for $501. There will always be demand on Bitcoin, whenever price of it is.

Only during other cycles, previous ones, the price would drop up to 93% or so, whereas now, it's 70% or so. And it may decrease as time goes on - so such a price drop is really, really not that close to happening..