Bitcoin: At Only $500 - page 3. | Bitcointalksearch.org

dazbog835

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Quote from: bamboylee on August 07, 2017, 12:16:06 PM

In reality it is hard to fall back to 500$ because every time it sheds a thousand dollar, people will see it as a buy opportunity and will push the price back up. The only reason it will fall is if someone finds an irreparable flaw in the system. In which case, I will sell way above that price and secure profit. And will still buy if it falls beyond 500$ just in case it gets revived.

This is basically my opinion only expressed way better than I could have done.
Basically, bitcoin is valuable, because people give it value.

darthmaul

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Dude world will go upside down to invest everything they have got into bitcoin. This is because of faith that everyone knows bitcoin will go up in short time again. However your question is very imaginative as price of bitcoin will never fall to that much low henceforth. Due this activation of segwit it would be more stable and blockchain will be little more efficient than previous stage. It is kinda upgrade that made it more stable now and the price will keep rising now.

malikusama

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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.

Palmerson

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Activity: 434

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This price will not be never. Bitcoin is limited and therefore by the laws of Economics the price of it will decline. I believe that soon trade with bitcoin will receive a boost to its development and this will only increase the demand for bitcoin and thus the price will continue to grow.

ASHLIUSZ

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Even when the price was below $1000 price of bitcoin was fluctuating. Now with the increased price too the price fluctuation is commonly taking place. So price drop cannot be considered as a crash. Even if something negative happens too the price will grow back in a short.

Idrisu

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For bitcoin to get back to $500 may not be possible again as the current price movement proved that bitcoin is poise to appreciate instead of depreciate. We can really see the position of thing by analysis how hard it is to get to were it is today. Bitcoin forth it way to this present state by stand against all opposition to push it back. We have strong support at $2800, $2,500, $2,000, $1750, $1500 and $1,000 if bitcoin fell bellow this then something fundamentally is wrong and I will hold my coin because I have faith that bitcoin will get to $10,000.

Vasilije69

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If that somehow happen (I don't think it will but let's tell it hypotetically), it wouldn't stay in that position for long time. People would start buying it massively and it would grow rapidly. It would probably reach the moon

bamboylee

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In reality it is hard to fall back to 500$ because every time it sheds a thousand dollar, people will see it as a buy opportunity and will push the price back up. The only reason it will fall is if someone finds an irreparable flaw in the system. In which case, I will sell way above that price and secure profit. And will still buy if it falls beyond 500$ just in case it gets revived.

Open4lies

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Quote from: Qartersa on August 07, 2017, 11:16:22 AM

I will not sell, nor will I hodl, I WILL HOARD! That is right, I will buy with every single cent I have in my pockets just to buy more bitcoins.

That drop is likely just a temporary one and likely the prices will go back up in a very quick phase too. I think that will happen when satoshi suddenly dumps his 1,000,000 bitcoins in just one go.

Haha he not stupid as your tell, why not choose selling slowly and enjoy the profit from the growth of Bitcoin everyday? And he also not want sell his Bitcoin soon because as my knowledge, he waiting Bitcoin can popular than in most contry on the world's before sell it.

ahmadakbari

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I think the probability of occurrence of this is close to zero. but if it happens:

Such a reduction in Bitcoin price is likely sign a Bitcoin death. Of course the reason of price fall should be considered.

Qartersa

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I will not sell, nor will I hodl, I WILL HOARD! That is right, I will buy with every single cent I have in my pockets just to buy more bitcoins.

That drop is likely just a temporary one and likely the prices will go back up in a very quick phase too. I think that will happen when satoshi suddenly dumps his 1,000,000 bitcoins in just one go.

2fresh

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Well of course there is a part that does sell...that's why it goes down in your example from 2000 - 900.

Gaaara

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$500 is not bad for bitcoin, I remember it being from 2000$ to $900 but do the supporters of bitcoin sell? No, instead it only make the demand go outrageous then go back from its highest value and it even overcome it then go higher. Bitcoin already has a great foundation and it cannot be destroyed only because the price go lower than other expected, it will only grow and grow and stopping it will be a hard thing. Even BCH didn't get that chance. Holding it is the best choice no matter what it can go over $200 but it will still be alive and grow and wait for the investors to notice it again.

Chyton

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I'll simply buy more of them and HODL. Blockchain technology is getting more and more interest from various audience that's why I'm going to buy and HODL if bitcoin crashed to $500.

LeGaulois

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It depends on how you trust the future of Bitcoin and what you can afford to lose.
If you are really confident with Bitcoin, you can continue to hold your coin and wait to see the value coming back to what it was. You know you won't lose something, it's just a matter of patience. How big the patience shall be is, of course, another story.
If you are on low budget and can't afford to lose some money it' better to join the selling market because we all have bills to pay and a family to feed. It's like gambling with a money you can't afford to lose.If you tell to your wife you can pay the next bills because you spent all in the casino. You know what's going to happen Cheesy

merchantofzeny

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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!

It would really be the circumstance of the price plunge. For example, before the fork, the price did dip a bit but I think most people managed to keep their trust in bitcoin. As we're seeing now, the price has pretty much more than rebounded.

It dropping back to as low as $500 would be troubling though. I think that would only happen if it got banned or became unusable.

machinek20

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Depends on the situation and the reasons why the bitcoin can crashed, if the reasons still can make bitcoin price bounce back then of course I will buy a lot, but if it is crashed because there is a hole in the system then I wont buy it anymore

webtricks

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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!

Bitcoin prices are not fixed by any organization, nor are they pegged to value of any other currency or commodity. Sole determinant of its price is users of Bitcoin themselves. So if there is any possible depreciation of Bitcoin to $500, it won't be drastically first. Rather it would be step-wise gradual decrease. Now this gradual decrease can be further fragmented into several stages consisting following -
1. Big cause backing decrease like ban, illegality, split, etc.
2. Initial downfall due to any above cause.
3. Panic selling due to downfall in price.
4. Permanent leaving by hodlers.

If these four steps happen, I would for sure be leaving BTC as there would be hardly any chance of reviving market.

Fatunad

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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!

This question have been asked already for how many times on this forum but i would still answer this one.Its really hard to believe that it would crash again on $500 price point but theres really always a possibility knowing here on cryptoworld theres no assurance of steady or strong support of prices because anytime there would a possibility that price might crash in a shortest period of time. In this case,i will still observe on how the price would behave on those situation if it start to rise up again then i guess its the best time to buy again.

Labumi

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Well, materially and calculations that bitcoin is the most advantageous place to get roi. Because the price fluctuations bitcoin is absolutely wonderful, so for those who can read all the things there is surely going to get a very quick ROI. But it is indeed one thing we have to do is have patience, because without a certain patience we'll get something harmful. Because patience is a very important thing to have.

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