Are you guys happy if bitcoin will dropped to $10k? Why? - page 6.

Golftech

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Quote from: Ewox on March 28, 2021, 07:16:35 AM

With it’s current value now, I would not want Bitcoin to drop its price back to $10k because for the obvious reason. I mean who would want Bitcoin to drop its price back not unless you haven’t bought Bitcoin with a low price yet. But at the same time, I would not mind too because I might be able to buy a couple more Bitcoin and hodl back again for a couple of years.

Logically right, if you are holding good amount of Bitcoin for sureyou'll not like to see that value to

come your way, it will break your heart especially if you are new to this market, that huge fall

will surely move you to sell and accept your loses. But in the other side, for those who are aiming

to place their entry they will love to see this as they can buy and start their journey.

Ewox

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With it’s current value now, I would not want Bitcoin to drop its price back to $10k because for the obvious reason. I mean who would want Bitcoin to drop its price back not unless you haven’t bought Bitcoin with a low price yet. But at the same time, I would not mind too because I might be able to buy a couple more Bitcoin and hodl back again for a couple of years.

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No. Because only people without bitcoin would want bitcoin to drop below $50,000. Of course, if you want to buy bitcoin now you would want bitcoin price to drop to $10,000 to have a lower bitcoin price, which is a big buying opportunity for you (fantasy). But remember lots of other guys are holding bitcoin too are also fantasizing the bitcoin price to reach $100,000 or even 200,000, some of the most bullish ones are thinking of a million in few months

traderethereum

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Quote from: mamesso on March 28, 2021, 01:12:51 AM

Quote from: Questat on March 25, 2021, 06:26:42 AM

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

Depends on where you are now.
-if you have bitcoins in your wallet and have no intention of selling them any time soon, then obviously you are not happy with the bullish conditions that are going on. But on the contrary.
- if you intend to own bitcoin and are supported by the money you have now, then you will feel happy because you have a good opportunity.

As the first cryptocurrency ever, Bitcoin will always be the coin most sought after by the investors. Even though bitcoin fell to a low as you said ($10.00), will not make bitcoin abdicate as the number 1 coin in the world, because history has recorded bitcoin will continue to increase from year to year.

The number two will be what the whales who own much money will happy because they can buy more bitcoin if the price is dropped to $10k.
They will have a bigger chance to increase their bitcoin amount from that dropped.
It is not for people who do not have much money and will regret not selling their bitcoin when the price is still high.
That can depend on you because I am sure that we have our plan that we already made before.
And if we see the price is dropped too deep to $10k, we will know what we will do.

decodx

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Quote from: danherbias07 on March 28, 2021, 04:09:45 AM

No. I won't be happy.
But I also have a selfish wish. Not too much dump at $10k but until $30k only.
I sold a lot of my Bitcoin at that mark but cash was not really spent. It's still being kept and just waiting for the right moment to buy it back to Bitcoin.
Sorry, I am just telling my own selfish will.
It would really make me happy and maybe all this regrets will be gone after I bought my Bitcoin back.

Lol, well I really do agree with you on this. But I mean if you were really sold Bitcoin at $30k. How do you feel now?
I love that I had control and that my bitcoin was sitting there untouched while the whole market was booming.

danherbias07

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No. I won't be happy.
But I also have a selfish wish. Not too much dump at $10k but until $30k only.
I sold a lot of my Bitcoin at that mark but cash was not really spent. It's still being kept and just waiting for the right moment to buy it back to Bitcoin.
Sorry, I am just telling my own selfish will.
It would really make me happy and maybe all this regrets will be gone after I bought my Bitcoin back.

slapper

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Actually, if the price of bitcoin reduce to $10k, my fund is not affected much because I do not choose to be a long term investor. Despite of that fact, I am still a bitcoin and crypto lover and I never ever want to see the price has such significant drop

If such drop happens, the crypto ecosystem will receive bad influences. Thousands of investors may abandon bitcoin forever and return to conventional asset such as gold, cash, stock or bond. As the result, the development of blockchain technology will be slower and our new innovation will be unlikely to happen in the next couple of years

Though, if it occurs, I have nothing to do but to accumulate more bitcoin. Things will recover, maybe many years but the future of the cryptocurrency is inevitable. It will shine and become the new define of money

In fact, according to my analysis, I believe that it is hard for bitcoin to return to the zone of $10000. The game has changed recently when instituatioal investors decide to fund more money in cryptocurrency. Billionaires like Elon Musk publicly introduce the cryptocurreny to audience

mamesso

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Quote from: Questat on March 25, 2021, 06:26:42 AM

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

Depends on where you are now.
-if you have bitcoins in your wallet and have no intention of selling them any time soon, then obviously you are not happy with the bullish conditions that are going on. But on the contrary.
- if you intend to own bitcoin and are supported by the money you have now, then you will feel happy because you have a good opportunity.

As the first cryptocurrency ever, Bitcoin will always be the coin most sought after by the investors. Even though bitcoin fell to a low as you said ($10.00), will not make bitcoin abdicate as the number 1 coin in the world, because history has recorded bitcoin will continue to increase from year to year.

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Quote from: Slow death on March 27, 2021, 04:23:36 PM

Quote from: Questat on March 25, 2021, 06:26:42 AM

Are you guys happy if bitcoin will dropped to $10k? and Why?

I would be happy for the following reason:

I make a trade, for example I have $500, when the bitcoin price is $50,000, the ETH price is $1700, and trading with little capital that my case makes me have little profit

if ETH goes up from $1500 to $1590 I would earn something like $30

but if the bitcoin price drops to $10,000 and the ETH price drops to $400, in that case I get more than 1 ETH and I will have more profit with little capital, because if the ETH price goes up to $800 or be back to $1700 i will make a lot of profit, it would be 3X profit easy

It will only be good for people who want to make new entry in the crypto market. For those who already bought bitcoin at high prices, they will never want bitcoin to dump to 10,000K. Realistic speaking, i think it is impossible now for bitcoin to reach as low prices as 10000$.

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Quote from: plr on March 27, 2021, 05:35:45 PM

I'm ok with the momentum I'm ok with the price, if Bitcoin crash to $10k level it's a big dump and it's like a pandemic effect or scenario, or a majority of investors have lost their trust in the market, and it will take some time or a lot of effort for the community to get investor's confidence to go back in the market, or there's a possibility that the market will be down for a long period of time.

Whenever there is a major crash in the market everyone talks about majority of the investors loosing interest but we will see that the interest will be back after a gap of 3 years and once the halving takes place the market will gain momentum once again and then you will see huge investments coming in, so these things are momentary according to the market situation and will change according to the market trends.

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Quote from: plr on March 27, 2021, 05:35:45 PM

Quote from: Questat on March 25, 2021, 06:26:42 AM

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

I'm ok with the momentum I'm ok with the price, if Bitcoin crash to $10k level it's a big dump and it's like a pandemic effect or scenario, or a majority of investors have lost their trust in the market, and it will take some time or a lot of effort for the community to get investor's confidence to go back in the market, or there's a possibility that the market will be down for a long period of time.

For sure the trust would really plummet and just like on what happened on that 3k price time where people are already hesitant to make some investment or buyback on that time

but there are really people who had take risk on that particular time and now it do able to make out money when the market had started out to make this new Ath's.

Questioning if I would be happy if the price would dropped to 10k? I don't honestly like to see into those starting lines that we had already passed.Hope we wont be
seeing those digits again.

plr

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Quote from: Questat on March 25, 2021, 06:26:42 AM

Since bitcoin is bullish, I'm thinking what if it will dump, so I would like to know the what people think here.

Are you guys happy if bitcoin will dropped to $10k? and Why?

Give me an honest answer, no spam please.

I'm ok with the momentum I'm ok with the price, if Bitcoin crash to $10k level it's a big dump and it's like a pandemic effect or scenario, or a majority of investors have lost their trust in the market, and it will take some time or a lot of effort for the community to get investor's confidence to go back in the market, or there's a possibility that the market will be down for a long period of time.

Slow death

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Quote from: Questat on March 25, 2021, 06:26:42 AM

Are you guys happy if bitcoin will dropped to $10k? and Why?

I would be happy for the following reason:

I make a trade, for example I have $500, when the bitcoin price is $50,000, the ETH price is $1700, and trading with little capital that my case makes me have little profit

if ETH goes up from $1500 to $1590 I would earn something like $30

but if the bitcoin price drops to $10,000 and the ETH price drops to $400, in that case I get more than 1 ETH and I will have more profit with little capital, because if the ETH price goes up to $800 or be back to $1700 i will make a lot of profit, it would be 3X profit easy

DoublerHunter

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Quote from: JimboToronto on March 27, 2021, 03:01:15 PM

~snip~
$10k is just wishful thinking on the part of no-coiners and tarders.

^ But no way $10k in most BTC holders.
I feel that BTC price won't even touch on the $30k price pullback and you are right, that it belongs to a big crash if that will happen which is I believed 2% out 100% the chances will become true. Nevertheless, I am not happy to see upon having a big crash on the market, probably even a short correction or a short pullback will probably happen but if that a big crash, it seems very irrelevant to the fact that BTC now is on mainstream and very trending asset that most people wanted to have.

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Quote from: yhiaali3 on March 27, 2021, 02:20:28 PM

I don't mind dropping the bitcoin price to 10k$, but temporarily, the decline in the bitcoin price will help people buy and store larger quantities of bitcoin, this will certainly help Bitcoin spread more around the world because the current price is high and many people cannot buy bitcoin.
In my opinion, the spread of Bitcoin around the world is much more important than the increase in its price to 10k$ or a million dollars.

I think the low price of bitcoin will not increase its value and publicity, as far as I know a lot of people came to know about bitcoin whenever the price reached to its peak, so whenever a thing get expensive its value increases and more people know about it.

JimboToronto

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I think the whole premise of this poll is flawed.

There is very close to zero chance of going as low as $30k let alone $10k.

Even $40k might be rock bottom after "the big crash" after visiting 6 digits later this year.

$10k is just wishful thinking on the part of no-coiners and tarders.

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Quote from: Lucius on March 25, 2021, 09:26:33 AM

$10 000 has always been a very important psychological barrier, and before that the same thing happened with $1000. People are always weak at such numbers, and that will never change. If you ask people what interests them most at the moment, I believe many would ask the question "When BTC $100k"?

You're right, people say these things, but if 1000 was a real barrier then why didn't we stop at that in 2013. The top on bitstamp was 1163. Then again when we revisited this level in 2017 we didn't stop at 1000 buy 1139, so each time we went 10% above. People like to talk big like 100thousand dollar bitcoin, but when push comes to shove we will either stop far below it or overshoot.

Quote

There is definitely truth in what you wrote, because such a big correction would mean that something terrible happened, maybe not exclusively related to Bitcoin, but something like declaring a world pandemic. I agree that there is too much money in the game right now, and that it is definitely not as easy to manipulate the market as it used to be.

We've seen what pandemic news can do to price in 2020, so sure, such events can make us go below expected levels but these drops should theoretically be short-lived.

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I don't mind dropping the bitcoin price to 10k$, but temporarily, the decline in the bitcoin price will help people buy and store larger quantities of bitcoin, this will certainly help Bitcoin spread more around the world because the current price is high and many people cannot buy bitcoin.
In my opinion, the spread of Bitcoin around the world is much more important than the increase in its price to 10k$ or a million dollars.

blckhawk

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I honestly, don't like that idea because all of my stash is in Bitcoin right now but if I had cash on my hand then I absolutely down for sure. Usually, those people who wish to drop it to $10k are the ones who missed the opportunity to buy at a cheap price and everyone likes that. However, the thing is it is possible for it to happen now that it is backed up by big investors which I don't think let that happen unless there will be a massive sell-off. I also don't think Bitcoin will drop beyond $20k, but hey nothing is impossible in this market anyway.

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Winding down.

Maybe let's start by asking ourselves if that is still possible?

If the answer is yes, then maybe at some point I would be happy because I don't consider it a serious collapse and I always think that bitcoin is too unpredictable, too volatile and anytime it could again pump and create a bull run just like the current situation.

Let's play the game, no complains and just enjoy the market movement as either way, with just the right strategy, we can always benefit.

SO YES!

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