BTC to $500, are you still buying?

[Iranus]

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.

Whether or not Bitcoin can recover will depend on what caused it, there is no guarantee that it will always recover and increase in price again. As some have said, if it was an attack on the bitcoin blockchain and made it no longer secure. If that happens, Bitcoin may never recover and buying at that point may not be a wise decision.

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.

If bitcoin is crazily popular and people are willing to buy it every time the price drops, do you think the price will be able to drop from $84k to $500?

If people have faith and there is always demand for it, its price will never drop to that level and conversely, if the price drops too much it means people no longer believe in it.

[fikrett]

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.

Whether or not Bitcoin can recover will depend on what caused it, there is no guarantee that it will always recover and increase in price again. As some have said, if it was an attack on the bitcoin blockchain and made it no longer secure. If that happens, Bitcoin may never recover and buying at that point may not be a wise decision.

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.

If bitcoin is crazily popular and people are willing to buy it every time the price drops, do you think the price will be able to drop from $84k to $500?

If people have faith and there is always demand for it, its price will never drop to that level and conversely, if the price drops too much it means people no longer believe in it.

And even if drops.. the rest of the space is doomed if it happens fast.
So there is no reason to believe it may even happen.

[Xcode7]

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.

If you have Bitcoin assets, never be fooled by assumptions that are even very small in percentage to happen, but you must also remember that in this world nothing is impossible, especially in the economy and also digital currency.

If one day Bitcoin plunges to a price of $ 500, of course I am sure no one will dare to buy it unless the price of $ 500 has been stable for several months so that few people will take the risk because if the price of Bitcoin plunges drastically, everyone will assume that it is a destruction that has come.

[puloweh555]

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.

If you have Bitcoin assets, never be fooled by assumptions that are even very small in percentage to happen, but you must also remember that in this world nothing is impossible, especially in the economy and also digital currency.

If one day Bitcoin plunges to a price of $ 500, of course I am sure no one will dare to buy it unless the price of $ 500 has been stable for several months so that few people will take the risk because if the price of Bitcoin plunges drastically, everyone will assume that it is a destruction that has come.

One side is true. Nothing is impossible in this world, especially when talking about the future because no one can predict what will happen in the future. Never mind the price of bitcoin reaching $ 500, almost every year we hear the issue of bitcoin dying and so on. but what is happening now is that bitcoin is on the rise.

So even if bitcoin drops to $ 500, it is impossible to happen suddenly, there are factors and of course it takes a long time. Even if all of these possibilities happen, of course I will still buy bitcoin because I believe bitcoin will remain a valuable asset in the future with its uniqueness.

[lizarder]

One side is true. Nothing is impossible in this world, especially when talking about the future because no one can predict what will happen in the future. Never mind the price of bitcoin reaching $ 500, almost every year we hear the issue of bitcoin dying and so on. but what is happening now is that bitcoin is on the rise.

So even if bitcoin drops to $ 500, it is impossible to happen suddenly, there are factors and of course it takes a long time. Even if all of these possibilities happen, of course I will still buy bitcoin because I believe bitcoin will remain a valuable asset in the future with its uniqueness.

In this life, anything that happens must have a cause and effect, so to see whether Bitcoin still has buyers when it has reached that price, the answer can be seen from the quality and uniqueness of Bitcoin itself in maintaining its value.. Simply put, something that is traded will still have buyers, it's just that sometimes its increasing value will make few people able to buy it, even though people realize that bitcoin is one of the best assets.

Hopefully you will remain consistent with that because it is much better now to continue to start buying responsibly with the money we have than to wait for higher prices because in conditions like this it will limit us a little in our future buying approach because the price of bitcoin will be higher so it needs to be adjusted from now on so that we remain consistent.

[AprilioMP]

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?

People would happily buy it and one of those people is me.
I would sell other assets like gold to buy Bitcoin because it was once a part of what it once was.
If I say it’s impossible, anything can happen in the market. But I think experienced investors with the first implication would just take a deep breath and then they’d probably relax.

[bubilas]

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?

People would happily buy it and one of those people is me.
I would sell other assets like gold to buy Bitcoin because it was once a part of what it once was.
If I say it’s impossible, anything can happen in the market. But I think experienced investors with the first implication would just take a deep breath and then they’d probably relax.

If you think about it, the following situation could happen: Bitcoin will become very cheap, then ordinary investors (not rich people) could start selling Bitcoin, thinking that it is going to crash, and at the same time, very rich investors and market makers will start buying it in huge quantities.
And it will again be a situation where the poor get poorer and the rich get richer, because after that Bitcoin will certainly rise in price again and it will belong to an even greater share of the rich.

[Perfectbaby]

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?

We should always expect the unexpected from the market and anything is possible and likely to happened within or around the market, so if the market goes below expected price why not I wouldn't mind buying at the dip to secure some portion of bitcoin for myself. Of course when the market dip to 500$ and it would be a great opportunity for those who doesn't have enough bitcoin in their possessions to acquired more volume of it. Although this would really stirred up many issues within the cryptocurrency market as many people wouldn't mind falling out space and fate due to it's extreme volatility nature, and those who are using it as a reserved funds could likely lose interest as some other countries wouldn't want to be victim of what others had already experienced.

[Scarlett_23]

Those who invested at a high price for a short time will be disappointed. On the other hand, when the price of Bitcoin was low, many people bought and held it for a long time and made a profit. All these people have deep faith in Bitcoin. According to you, they will buy even if the price reaches $ 500. And if I get it at such a low price, I will also be busy buying my dream Bitcoin. Probably, there will never be a situation where the price of Bitcoin drops to $ 500. Because miners will stop mining after reaching $ 500, because they also have expenses. If such a situation ever comes, people will naturally lose faith in digital currencies forever. So I think such a situation will never happen in reality. And if there was such a fear, then big companies like MicroStrategy, Tesla would not have invested in BTC and held it.

[Abiky]

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?

If you're a long-term holder of BTC (bought it at a higher price), you'd hesitate to buy more. Especially at those prices ($500 per coin). Market prices could either go down or up in an instant. For new investors, this shouldn't be much of a problem. I'm sure they will buy BTC like crazy during such drastic crash. Those who bought at a high price and still buy during the dip, are only doing it because they have faith prices will rise back up to their original levels.

That said, I see Bitcoin going down to $500 a mere impossibility right now. After all, Bitcoin has already gone deep into the mainstream. A lot of companies, and even governments have invested heavily in it. It's like saying Gold will dip to $100 all of a sudden. If that happens (and that's a big "IF"), a lot of people will buy, effectively "pumping" market prices to the moon. That's the way this works. Anyways, who said you have to wait for Bitcoin to experience a massive crash to buy? Just take advantage of every small dip to build your way towards long-lasting wealth.

[arabspaceship123]

Whales won't have difficulties buying when it's ATH or $500 it doesn't affect their investments. Small investors who've sold for a small profit aren't happy because they can't buy again. They didn't know one day bitcoin's going to be sold above $100k so they've sold at the wrong time.

[DanWalker]

If one day Bitcoin plunges to a price of $ 500, of course I am sure no one will dare to buy it unless the price of $ 500 has been stable for several months so that few people will take the risk because if the price of Bitcoin plunges drastically, everyone will assume that it is a destruction that has come.

This is what will happen, I am also sure that no one will be brave enough to buy bitcoin at that time if it is unstable for a while and we do not know clearly what causes that. We need to know what caused the crash and that is the key to deciding whether to invest in bitcoin when the price drops to $500.
Bitcoin has just dropped more than 30% in the last 3 months and everyone knows this is just a temporary correction but chaos and fear are gripping the entire market. So it would be hard to believe that they would have the courage to buy bitcoin if the price dropped to $500.

[GigaBit]

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?

People would happily buy it and one of those people is me.
I would sell other assets like gold to buy Bitcoin because it was once a part of what it once was.
If I say it’s impossible, anything can happen in the market. But I think experienced investors with the first implication would just take a deep breath and then they’d probably relax.

Bitcoin has quickly become a symbol of trust among people since its inception in 2009. It has quickly gained acceptance among the people, especially for its financial freedom and decentralization. There are many who have transferred their wealth to Bitcoin, while there are many who try to accumulate Bitcoin using the DCA strategy. Those who have gained a good understanding of it see more potential in it, and those who do not gain sufficient knowledge and only look at its negative aspects will be more afraid of the Bitcoin price.

With a limited supply of 21 million worldwide, the demand for Bitcoin will gradually increase and the price will be more likely to increase. Moreover, Bitcoin is considered not only as a trading tool but also as a store of value like gold, which is why even if the price of Bitcoin temporarily decreases slightly, the price is unlikely to decrease in the long term. The current price of Bitcoin is around 85k, and it is very unlikely to fall below 50k during the bearish season.

[FortuneFollower]

Whales won't have difficulties buying when it's ATH or $500 it doesn't affect their investments. Small investors who've sold for a small profit aren't happy because they can't buy again. They didn't know one day bitcoin's going to be sold above $100k so they've sold at the wrong time.

But still, 500$ price is impossible, don't you agree?

[arabspaceship123]

Bitcoin could sell for any amount it doesn't matter because it won’t stop ppl buying it. We've seen ppl from each part of the world invest in bitcoin. It's a digital currency so policies could change. If America's law bans ppl from buying bitcoin what's going to happen ?

If you have Bitcoin assets, never be fooled by assumptions that are even very small in percentage to happen, but you must also remember that in this world nothing is impossible, especially in the economy and also digital currency.

If one day Bitcoin plunges to a price of $ 500, of course I am sure no one will dare to buy it unless the price of $ 500 has been stable for several months so that few people will take the risk because if the price of Bitcoin plunges drastically, everyone will assume that it is a destruction that has come.

[AprilioMP]

-

If you think about it, the following situation could happen: Bitcoin will become very cheap, then ordinary investors (not rich people) could start selling Bitcoin, thinking that it is going to crash, and at the same time, very rich investors and market makers will start buying it in huge quantities.
And it will again be a situation where the poor get poorer and the rich get richer, because after that Bitcoin will certainly rise in price again and it will belong to an even greater share of the rich.

Rich people who know Bitcoin better won't sell Bitcoin if not at the right time.
If the situation could have happened, I will not think repeatedly to make money and buy Bitcoin even though from hard work can only be able to buy 2 BTC at that price. What an initial target to be achieved at a very young age.
People who do not have many assets can also be people with many bitcoin based on their financial capabilities. This is like just wishing.

[shield132]

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?

If Bitcoin goes down to $500, can you imagine its market cap would be? At the moment, its market cap is $1.67 trillion. If the price falls to $500, then its market cap will be approximately $10 billion, 170 times lower. On CoinMarketCap, it will be ranked lower than Cardano (10th) but higher than Chainlink (12th).
If Bitcoin reaches $500 again, it will have its reasons and to my mind this will be a clear message that Bitcoin lost its dominance but at the same time since its market cap might be still in top 10, lots of people will start heavy investing in Bitcoin with the hope that it's all temporary and Bitcoin will reach its ATH one day.

[Rikafip]

If Bitcoin goes down to $500, can you imagine its market cap would be? At the moment, its market cap is $1.67 trillion. If the price falls to $500, then its market cap will be approximately $10 billion, 170 times lower. On CoinMarketCap, it will be ranked lower than Cardano (10th) but higher than Chainlink (12th).

If bitcoin goes down to $500, those altcoins you mentioned would fall n(percebtage wise) much further than and many of them would die so bitcoin would still keep its market cap rank (unless bitcoin price goes down due some major flaw being found in its code).

lots of people will start heavy investing in Bitcoin with the hope that it's all temporary and Bitcoin will reach its ATH one day.

On the contrary, I think that vast majorify of people would think that bitcoin is dying and will never reach the old prices. People are scared shitless when bitcoin goes down 60%, so can you imagine what would happen if it goes down 99%+?

[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.

Whether or not Bitcoin can recover will depend on what caused it, there is no guarantee that it will always recover and increase in price again. As some have said, if it was an attack on the bitcoin blockchain and made it no longer secure. If that happens, Bitcoin may never recover and buying at that point may not be a wise decision.

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.

If bitcoin is crazily popular and people are willing to buy it every time the price drops, do you think the price will be able to drop from $84k to $500?

If people have faith and there is always demand for it, its price will never drop to that level and conversely, if the price drops too much it means people no longer believe in it.

If you dont believe in it, take a look on Bitcoin price graph. It has been popular all the time. Drop from ~$40k to ~$4k did not scare people from buying. Drop from ~$70k to ~$30k did not scare people from buying. Current drop from ~$108k to ~$75k did not scare people either. I will correct you a little bit - price dont go down because people lose faith and etc. Market influenced on the price. And whatever price of Bitcoin will be, $108k or $500, people will still buy and sell it. And, as there are trades, there is a chance to earn.

[fikrett]

If you dont believe in it, take a look on Bitcoin price graph. It has been popular all the time. Drop from ~$40k to ~$4k did not scare people from buying. Drop from ~$70k to ~$30k did not scare people from buying. Current drop from ~$108k to ~$75k did not scare people either. I will correct you a little bit - price dont go down because people lose faith and etc. Market influenced on the price. And whatever price of Bitcoin will be, $108k or $500, people will still buy and sell it. And, as there are trades, there is a chance to earn.

Investors fear, and the market reacts accordingly, in my opinion - but it's only temporary, as well as FOMO on the same BTC chart we see that makes the breach of the ATH possible.

BTC is still BTC through any storm.