Bitcoin: At Only $500 | Bitcointalksearch.org

matchi2011

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Quote from: reliable on August 09, 2017, 03:02:00 AM

Quote from: joromz1226 on August 08, 2017, 09:02:56 PM

Quote from: CryptoBry on August 07, 2017, 06:16:49 AM

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

I don't know what suddenly came into your mind to ask this question. Do you think it might gonna be happen that bitcoin will crash to 500$?
especially the prediction by the bitcoin experts it will become 10,000$ or more. So I don't think it will drop to 500$ and if ever that happen I will buy a huge of it. Grin

AT least in coming time even if the crash comes bitcoin will not go below 2000$. But it moving 5k is more likely then prices going down. So ideally if you want some return keep investing some of your income in btc and you will get good returns in another 6 months. Also investing in some of the altcoins is a very good idea considering the bitcoin is on rise so is ETH, ZCASH, Ripple etc.

People believed that it's not going to go below 2k just a couple of weeks ago yet btc went to 1800 at one point. We really can't be complacent since there are a lot of factors that make up price volatility. Though i can't really imagine myself that bitcoin would go 500$. At this point, only time that's going to happen is if btc will be going down for good which is very unlikely

reliable

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Quote from: joromz1226 on August 08, 2017, 09:02:56 PM

Quote from: CryptoBry on August 07, 2017, 06:16:49 AM

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

I don't know what suddenly came into your mind to ask this question. Do you think it might gonna be happen that bitcoin will crash to 500$?
especially the prediction by the bitcoin experts it will become 10,000$ or more. So I don't think it will drop to 500$ and if ever that happen I will buy a huge of it. Grin

AT least in coming time even if the crash comes bitcoin will not go below 2000$. But it moving 5k is more likely then prices going down. So ideally if you want some return keep investing some of your income in btc and you will get good returns in another 6 months. Also investing in some of the altcoins is a very good idea considering the bitcoin is on rise so is ETH, ZCASH, Ripple etc.

Casdinyard

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Quote from: drlukacs on August 08, 2017, 12:37:18 PM

Quote from: Shinpako09 on August 08, 2017, 09:16:16 AM

Although impossible to happen at the moment because of growing demands. Even the price go as low as $500 I'd still choose to support it and gonna hold my coin. Others will do the same for sure(except those who always got panic). Because we strongly believe that it will goes up again.

Actually most trader on market in current also choose buying if the price of Bitcoin can breakdown to under $1000 again, because in history the price of Bitcoin always recovery and growth more than after big crash. So why not take advantage this opportunity and buy more for our funds Roll Eyes

?

Of course that's an opportunity that everybody shouldn't miss. Buying bitcoin when it crashes, many are awaiting to that.
Definitely suppoat bitcoin all they way, bitcoin reaches this far and if its crash to that level then I dont care. As long as i know that when it crashes, sooner it will recover and be skyrocket. Yes, as a digital currency, fluctuation is only just around in the corner so let's be use to that.

joromz1226

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Quote from: CryptoBry on August 07, 2017, 06:16:49 AM

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

I don't know what suddenly came into your mind to ask this question. Do you think it might gonna be happen that bitcoin will crash to 500$?
especially the prediction by the bitcoin experts it will become 10,000$ or more. So I don't think it will drop to 500$ and if ever that happen I will buy a huge of it. Grin

aardvark15

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Quote from: CryptoBry on August 07, 2017, 06:16:49 AM

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

I probably would hold in that scenario, but if Bitcoin dropped that much there would probably be some major problem that caused it. You would really need to know the reason for such a drop to determine exactly how you would react to it.

I seriously doubt at this point that could happen unless something like extremely high fees made Bitcoin useless for transactions. Then people would probably try to sell it all and the price would drop.

error08

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Quote from: bncbnc on August 08, 2017, 05:59:53 PM

Quote from: MyIdeas on August 08, 2017, 05:01:42 PM

yes I will support bitcoin in any situation and that will benefit us only we all have to keep our money in bitcoin then it is not possible that the price of bitcoin will reduce and so we will not see bitcoin at lower price. We believe that if we will hold then it is possible that we do not lose our money and if we will sell then the price will fall.

yes we need to support bitcoin because it is the nee of the day. i think bitcoin is becoming a global currency now and hope that if we will give good support to bitcoin then it will become as the main currency of the people and then they will be using bitcoin for everything they want to buy, but for that we need to support bitcoin and make it as number one currency of the world.

It doesn't work if bitcoin can not develop further, just in case if something like big problem occur in the future.
I prefer to cash out at higher price and forget it for a while until bitcoin stay at $500 and seems will not fall again, if most people start to buy, I won't buy as I still have bitcoin in my wallet, lol. I believe in bitcoin, so, panic sell won't influence my decision to be involved, better to save my bitcoin and wait until bitcoin price recover again.

bncbnc

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Quote from: MyIdeas on August 08, 2017, 05:01:42 PM

yes I will support bitcoin in any situation and that will benefit us only we all have to keep our money in bitcoin then it is not possible that the price of bitcoin will reduce and so we will not see bitcoin at lower price. We believe that if we will hold then it is possible that we do not lose our money and if we will sell then the price will fall.

yes we need to support bitcoin because it is the nee of the day. i think bitcoin is becoming a global currency now and hope that if we will give good support to bitcoin then it will become as the main currency of the people and then they will be using bitcoin for everything they want to buy, but for that we need to support bitcoin and make it as number one currency of the world.

MyIdeas

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yes I will support bitcoin in any situation and that will benefit us only we all have to keep our money in bitcoin then it is not possible that the price of bitcoin will reduce and so we will not see bitcoin at lower price. We believe that if we will hold then it is possible that we do not lose our money and if we will sell then the price will fall.

Zicadis

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Dump it!!!

I have seen ethereum crash to less than a dollar price all in one day and recover back up again which gives me no reason to think twice about it. I would definitely go ahead with buying bitcoin at whichever price it were to drop to as it can recover very fast from panic buyers wanting to buy a bag load of bitcoins and wanting to be rich fast. But as things stand bitcoin is in a good financial position and the crash wont be happening!

Barcode_

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It is quite impossible for Bitcoin to drop to $500 again, because traders would just swarm in to purchase bitcoins at a certain price drop, and this surge of buying would stabilize the bitcoin value at certain level, I believe many users here would even jump into the market to buy bitcoin if the price of bitcoin drops to $2000.

drlukacs

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Quote from: Shinpako09 on August 08, 2017, 09:16:16 AM

Although impossible to happen at the moment because of growing demands. Even the price go as low as $500 I'd still choose to support it and gonna hold my coin. Others will do the same for sure(except those who always got panic). Because we strongly believe that it will goes up again.

Actually most trader on market in current also choose buying if the price of Bitcoin can breakdown to under $1000 again, because in history the price of Bitcoin always recovery and growth more than after big crash. So why not take advantage this opportunity and buy more for our funds Roll Eyes

?

Slark

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Quote from: CryptoBry on August 07, 2017, 06:16:49 AM

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

This question has been asked many times before and it is the main argument of bitcoin enemies against bitcoin - that there is no way to predict the price and it is extremely volatile asset.
Yes, bitcoin is like this - because there is no central bank steering the price from the shadows and keeping its stable.
Bitcoin 'crashed' before, some of us remember the crazy low price (around $200) in early 2015 and considering that in late 2013 1 BTC was worth $1200 it was a devastating blow.
As you can see I am still here and will be as long I will see that bitcoin is the cure for corrupt fiat system and overgrown banking system.

BitcoinsGreat

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Quote from: aishyoo17 on August 08, 2017, 06:57:47 AM

If bitcoin price will drastically drop at $500 then there will be reason behind it and that is one of the main thing to be consider if I need to buy more bitcoin or just let it go if I think that there will still be a chance that it will bounce back which happens all the time then I will buy plenty of bitcoin and will take that second chance to hold plenty of bitcoin.

Bitcoin price can never ever fall back to 500$. It is simply not possible. If it does that it only means there is some serious issue in blockchain and bitcoin is going to be dead so all of the people dumping making it drop to 500$. But then i think this can only happen in dream and not in reality.

Rahar02

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Most people will vote for yes, as we do know what bitcoin capable to achieve in the future.
But, the problem is, we don't know what exactly will happen in the future, and what kind of problems that may cause bitcoin price fall to $500? If the problem really a big, bad one and bitcoin won't survive, no, I won't buy back.
Maybe because bitcoin protocol, basic nodes could changed in the future and cause massive cash out from everyone, then nothing left for bitcoin, hopefully it won't happen as long as devs team and all of us in here keep supporting bitcoin environment.

pitiflin

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Quote from: CryptoBry on August 07, 2017, 06:16:49 AM

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

Most of the people are here for a long term basis and will support bitcoin for quite some time i believe. People will join the sell market because no one wants to face a loss so if they have a chance to avoid it why won't they do it? Just because some people will sell their bitcoin when bitcoin crashes doesn't mean they would consider it worthless and won't support it! If bitcoin came from 500$ to 3400$ in the past ,why won't it rise again?

dazbog835

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Any currency only has value because people subscribe value to it. And if you consider the market cap of all cryptocurrencies, things become clear that 500 usd is now almost surely a thing of the past.

And the reason why a lot of people say, the numbers will soon be in the 100.000's is because of the sheer logic of demand and how market cap works.

This graphic illustrates it nicely I think.
http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

It's an old graphic. The Bitcoin square is now about three times that size. Which is moot. There is no comparison to the rest of the financial world. And if only 1% of that money pours into crypto, the 100.000 number is a huge lowball.

Shinpako09

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Although impossible to happen at the moment because of growing demands. Even the price go as low as $500 I'd still choose to support it and gonna hold my coin. Others will do the same for sure(except those who always got panic). Because we strongly believe that it will goes up again.

bitblackred

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I remember when the bitcoin rate was 239 dollars. Then I first heard about him. People used it then and will use it at a rate of 500 dollars.

Yutikas_11920

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Quote from: malikusama on August 07, 2017, 02:25:51 PM

No never, if the price is decreased to this level of $500 (which doesn't seems to be happen) i will never going to sell it because surely it will rise again. The bitcoin market have many ups and downs that doesn't mean that we will cash out and stop using it. It is still the best of all.

Well, it is bitcoin is a place that could give us pleasure and sadness. Moreover, we use in trading, if we mmenag since the beginning does not have good self control it is definitely do much trading tend to give a lot of losses. Because it sure every thing is happening largely from a sense of panic, it has the wrong thing is to be patient and do the analysis. Only with a good analysis, will surely give much meaning very much

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Quote from: pearlmen on August 08, 2017, 08:43:20 AM

Quote from: CryptoBry on August 07, 2017, 06:16:49 AM

Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.

Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?

I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!

The only reason why this will happen is that if people starts losing faith in bitcoin and as at today, the faith is still strong. So, if peradventure it happens as you have predicted which I am it wont be new to those who have been in the space for quite a long time, they wont be bothered and as for me, I will join in their faith to still keep the faith high and still hold as this offers its opportunity as well.

As long as the faith is high on bitcoin it would really be impossible to think of as of now that the price would go back on $500 price. Seeing now we are already to its new ATH after all these years and we can really able to say that bitcoin becomes stronger and stronger as the time goes by which means going back on dip prices would somehow impossible to think as of now but theres always a possibility and we should not forget those things.

Topic: Bitcoin: At Only $500 (Read 1642 times)