Topic: What will be running in your mind if Bitcoin reaches $1000 again (Read 19609 times)
I really don’t think Bitcoin hitting $1000 is a realistic possibility. So many funds and companies as well as wealthy individuals have such a large financial stake in Bitcoin now, it’s basically gotten too big to fail. I think as we are seeing now, when the price gets low enough banks are scooping up all that they can. Eventually they’ll limit the supply so much that price increases are inevitable. It’s in everyone’s best interests for Bitcoin to rise in price now, so I don’t think anyone will be able to stop it. Even compromised leadership and incompetent decision making can’t stop this train.
July 30, 2023, 01:33:47 PM
If Bitcoin were to truly head towards $1000, I would feel a tad melancholy as the value of my assets would undoubtedly decline as well. And considering the current price, $1000 might be a nightmare for some hodlers, I'm pretty sure of that.
However, on the flip side, there would be numerous individuals eager to buy Bitcoin in pursuit of catching another wave that could potentially reach new all-time highs in the future. Given Bitcoin's history, where it once traded at $1000 but also soared to $69000, undoubtedly, more unexpected surprises could unfold without anyone being able to foresee them.
I shall make a small purchase and let it fade from my mind. I shall securely store the private key in a safe place and await major news about Bitcoin without constantly checking the BTC price.
However, on the flip side, there would be numerous individuals eager to buy Bitcoin in pursuit of catching another wave that could potentially reach new all-time highs in the future. Given Bitcoin's history, where it once traded at $1000 but also soared to $69000, undoubtedly, more unexpected surprises could unfold without anyone being able to foresee them.
I shall make a small purchase and let it fade from my mind. I shall securely store the private key in a safe place and await major news about Bitcoin without constantly checking the BTC price.
July 30, 2023, 10:37:16 AM
~snip~
If bitcoin drops to 10k, I believe many people will buy it because it is really a great opportunity. But if bitcoin goes to 1000$, I will be skeptical and consider it risk more than opportunity, but the risk is worth trying, I will buy some to try my luck, but I wont go all in.
If bitcoin drops to 10k, I believe many people will buy it because it is really a great opportunity. But if bitcoin goes to 1000$, I will be skeptical and consider it risk more than opportunity, but the risk is worth trying, I will buy some to try my luck, but I wont go all in.
I don't even think it's possible at this point for the price to go that low.
There are so many people with offers ready to go at the lower prices, that I really don't see it happening.
And, still, the entire market cap of Bitcoin is really low, it's less than one company in the US.
The capitalization of corporations like Microsoft or Apple is $2 trillion and $3 trillion respectively, while bitcoin's market capitalization is just $500 billion. that shows that bitcoin is too small and still too risky, unlike many people who are under the illusion that bitcoin is too big to be risk-free. Bitcoin hitting $1k again is highly unlikely but by no means impossible. for me, the future of bitcoin is potential but by no means risk free, the possibility of bitcoin hitting $1k or less remains if the bitcoin network goes down or a better project than bitcoin comes along and replaces it.
In today's ever-evolving world, nothing is impossible. bitcoin was born to resist and outperform other assets, it should come as no surprise that in the future something better will be created.
July 30, 2023, 09:51:41 AM
IMO it's currently impossible for bitcoin to go to 1k without a real problem with the network. In other words, no sec lawsuit, or exchange collapse can produce 1k, since years ago a covid lockdown in the US couldn't even get us below 3k. The only thing that could do it would be a multi exchange collapse at the same time, which is almost impossible, a nuclear war, a solar flare, or some other kind of global cataclysm. In such case, I wouldn't be buying, that's for sure. I'd be packing my bags and looking for shelter.
That said, if I somehow were to see a dump large enough to make bitcoin dip to 1k, which is possible due to low liquidity, I'd be trying to buy, although I'd probably wouldn't be able to wire money to an exchange in time before others buy the dip. For instance, if at the current liquidity Microstrategy and Tesla dumped their coins together on the same exchange, we could see 1k for a short time.
That said, if I somehow were to see a dump large enough to make bitcoin dip to 1k, which is possible due to low liquidity, I'd be trying to buy, although I'd probably wouldn't be able to wire money to an exchange in time before others buy the dip. For instance, if at the current liquidity Microstrategy and Tesla dumped their coins together on the same exchange, we could see 1k for a short time.
July 30, 2023, 08:55:55 AM
~snip~
If bitcoin drops to 10k, I believe many people will buy it because it is really a great opportunity. But if bitcoin goes to 1000$, I will be skeptical and consider it risk more than opportunity, but the risk is worth trying, I will buy some to try my luck, but I wont go all in.
If bitcoin drops to 10k, I believe many people will buy it because it is really a great opportunity. But if bitcoin goes to 1000$, I will be skeptical and consider it risk more than opportunity, but the risk is worth trying, I will buy some to try my luck, but I wont go all in.
I don't even think it's possible at this point for the price to go that low.
There are so many people with offers ready to go at the lower prices, that I really don't see it happening.
And, still, the entire market cap of Bitcoin is really low, it's less than one company in the US.
July 30, 2023, 04:33:24 AM
To say the truth, this will bring nothing but more fear into the market, my strength and believe in crypto could be over if this happens 
im not going to pretend as if it's nothing, for something that's once as valuable as 69,000$, it's 100% easier to think it's over for Bitcoin.
What could have possibly happened to make Bitcoin 1000$? This is the thought that will full my mind, and I am pretty sure that many people will quit the crypto space and run, it's just a fact, many might not like this but even the strongest holders will call it a quit.
Right now I believe this is impossible because Bitcoin adoption hasn't even gotten anywhere, it's just getting started, if you can do some math you will know how young Bitcoin is right now, there is a longer way for Bitcoin to go and that's where higher value will come from.
im not going to pretend as if it's nothing, for something that's once as valuable as 69,000$, it's 100% easier to think it's over for Bitcoin.What could have possibly happened to make Bitcoin 1000$? This is the thought that will full my mind, and I am pretty sure that many people will quit the crypto space and run, it's just a fact, many might not like this but even the strongest holders will call it a quit.
Right now I believe this is impossible because Bitcoin adoption hasn't even gotten anywhere, it's just getting started, if you can do some math you will know how young Bitcoin is right now, there is a longer way for Bitcoin to go and that's where higher value will come from.
July 30, 2023, 02:50:04 AM
The price of $1000 is scary. In fact, I didn't expect the price to drop that deeply. It makes no sense, it's possible that this happened when Bitcoin was abandoned. Trust in crypto may decline and many are selling assets. Price periods that never happen and are difficult to predict. Maybe in some periods the price decline is not as sharp as that price, besides that many Whales who will continue to move the market try to hold back from a deep price decline. If the price of $1000 maybe minning will lose, minning will close. Hopefully that doesn't happen and the prediction line will continue to be trusted and push the price to stay up.
A lot has changed in the market since the beginning of this year and the general mood is the same, now that Bitcoin has been able to make x2, such a fall seems impossible. And even more so, there are positive expectations from Blackrock's interest in Bitcoin, so the mood is more positive than negative. Some corrections, of course, will occur, but it is hard to believe in reaching a new bottom.
July 30, 2023, 02:04:13 AM
If bitcoin drops to 10k, I believe many people will buy it because it is really a great opportunity. But if bitcoin goes to 1000$, I will be skeptical and consider it risk more than opportunity, but the risk is worth trying, I will buy some to try my luck, but I wont go all in.
The price of $1000 is scary. In fact, I didn't expect the price to drop that deeply. It makes no sense, it's possible that this happened when Bitcoin was abandoned. Trust in crypto may decline and many are selling assets. Price periods that never happen and are difficult to predict. Maybe in some periods the price decline is not as sharp as that price, besides that many Whales who will continue to move the market try to hold back from a deep price decline. If the price of $1000 maybe minning will lose, minning will close. Hopefully that doesn't happen and the prediction line will continue to be trusted and push the price to stay up.
July 30, 2023, 01:46:16 AM
wow ,,, this topic has been made a long time ago, and this is very interesting.
and it's 2023 now.
now the price of btc is in the range of $ 29000 and this proves that btc is a quality crypto. in my opinion, it will be difficult for btc to drop to a price of $ 1000 and if, for example, it drops to $ 1000, many will definitely buy it.
but if the btc price drops to $ 1000, there will definitely be those who panic to sell for fear of falling even deeper, for example, down to $ 800 and there are also those who will buy because with a decline they see good potential and opportunities.
and it's 2023 now.
now the price of btc is in the range of $ 29000 and this proves that btc is a quality crypto. in my opinion, it will be difficult for btc to drop to a price of $ 1000 and if, for example, it drops to $ 1000, many will definitely buy it.
but if the btc price drops to $ 1000, there will definitely be those who panic to sell for fear of falling even deeper, for example, down to $ 800 and there are also those who will buy because with a decline they see good potential and opportunities.
July 30, 2023, 01:25:11 AM
Buy low and sell high. When it reaches 1,000 US dollars and the price continues to drop, the market may lose many people. They are in this market just to make money, to live. When the price continues to rise. There will be more and more people returning to this market again. People's original intention is still to make money. They will take their chances. People who have been in this market will not leave.
most people who are in the market and so on of course want to make a profit, and if the price of btc returns to $ 1000 of course there will be many people who will buy it, but we now see that the price of btc is still high and this proves that there are still very many people investing in btc.
December 31, 2022, 04:31:05 AM
My first thought will be: Oh great, now I can have a second chance to invest a decent amount of money for my future. I am glad. I should have taken the chance the first time but this is ok too.
My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).
My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).
Now the 10k drop scenario is seen as quite expected, but I haven't seen anyone seriously consider dropping to 1k. Well, it would be a great opportunity and I would buy some bitcoins, but such a strong drop would make me think and it would be important to analyze why this happened. On the other hand, I do not allow such a scenario, and therefore there is no point in thinking about it yet, issues need to be resolved as they become available.
Honestly, I don't believe people will buy bitcoin if it drops below $1000, then panic and fear will cover all of us, we will doubt and start questioning the future of bitcoin. I don't believe everyone will buy it, more people will run away than buy it.
If bitcoin drops to 10k, I believe many people will buy it because it is really a great opportunity. But if bitcoin goes to 1000$, I will be skeptical and consider it risk more than opportunity, but the risk is worth trying, I will buy some to try my luck, but I wont go all in.
December 31, 2022, 03:43:45 AM
My first thought will be: Oh great, now I can have a second chance to invest a decent amount of money for my future. I am glad. I should have taken the chance the first time but this is ok too.
My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).
My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).
Now the 10k drop scenario is seen as quite expected, but I haven't seen anyone seriously consider dropping to 1k. Well, it would be a great opportunity and I would buy some bitcoins, but such a strong drop would make me think and it would be important to analyze why this happened. On the other hand, I do not allow such a scenario, and therefore there is no point in thinking about it yet, issues need to be resolved as they become available.
December 31, 2022, 02:14:01 AM
Bitcoin has gained so much popularity and recognition in the past few years that it rose from nominal prices to almost $69000 in 2020. It however gained hundreds of billions of dollars in capitalization over the years. The situation has changed with both appraisals/approvals and backlashes on the cryptos by some countries, especially government officials.
Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?
As for me, my investment has just begun. I have learnt from my past mistake.
According to me and also anyone else that's been in crypto market will say that that's not gonna happen. Cause at that price a lot of people Will Buy So much Btc or Bitcoin will go to Zero cause that's so much less price that can't happen my mean One in million Chances. Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?
As for me, my investment has just begun. I have learnt from my past mistake.
There are many reasons behind this cause there are so much big influnetial and also company that cannot risk their money to go too low so that also they do not want new people to get so much big opportunity. Let's see what will happen in future.
December 30, 2022, 11:05:31 AM
I'd just wait until the price back to normal again. Have been witnessing some of the crash of Bitcoin's price in 2018-2019 and it takes lot of patience to actually wait for more than a year for some people with lot of doubts to actually sell and stuff. But the price went back again in 2020 so just wait if you have patience to do so and buy more if you have affordable money, the price will be back again.
Instead of waiting for the price to return to normal, I think if bitcoin drops to $1k it's an opportunity for us to risk a little bit and buy bitcoin at that price. If unfortunately, bitcoin dies and falls to zero, then we will lose a bit, but if bitcoin after falling to 1k$ and then rises again and reach 100k, we will become rich. But that's just an assumption, as bitcoin's drop to $1k is said never to happen.
December 09, 2022, 05:07:54 AM
I'd just wait until the price back to normal again. Have been witnessing some of the crash of Bitcoin's price in 2018-2019 and it takes lot of patience to actually wait for more than a year for some people with lot of doubts to actually sell and stuff. But the price went back again in 2020 so just wait if you have patience to do so and buy more if you have affordable money, the price will be back again.
December 09, 2022, 03:23:12 AM
Buy low and sell high. When it reaches 1,000 US dollars and the price continues to drop, the market may lose many people. They are in this market just to make money, to live. When the price continues to rise. There will be more and more people returning to this market again. People's original intention is still to make money. They will take their chances. People who have been in this market will not leave.
December 08, 2022, 02:50:44 AM
I’ve been hearing a lot of the same type of opinions for a long time that the crypto will be in a relative drawdown until the next halving, up to 24 year. Given all the current circumstances and the prerequisites for possible futures, this version seems very real
Personally, I don't buy the idea of those theorists, Bitcoin is still young in the field of financial investment, and we need more years, if not decades to fully ascertain its true nature. For now, be a good speculator based on the economic and technical reality of the market and shun what I call a "myth."My first thought will be: Oh great, now I can have a second chance to invest a decent amount of money for my future. I am glad. I should have taken the chance the first time but this is ok too.
My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).
It's nice you have two thoughts about this, but the second thought might not delay that much. Bitcoin could rise very fast after much falling, I won't doubt that. It only needs a reason to do it, and when the opportunity comes, it would be a strong bullish run as it played in the past.My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).
If Bitcoin reaches $1000 I will buy as much as I can, it will be a good opportunity for me to profit. As time bitcoin becomes more popular and more people will accept it, one day the price will rise again and have a better value in the future.
This is another statement that's easier said than done.
Let's be realistic here, as I've seen a few replies that they want to fill their bags and buy Bitcoin as much as they can when the price dips down as low as $1k. But, I don't think people's sentiments might still be the same when that actually happens. We've seen one of the worst dip in 2018, where Bitcoin touched $3k after the unprecedented $19k ATH, some even recorded $20k. People were actually panicking and jumping off the train immediately, thinking Bitcoin would crash so hard and will never recover.
fact: Bitcoin will never touch $1000 again (never even to $10k).
It is definitely impossible for the possibility of dropping to 1k even if something worse happens, but with 10k we cannot say that this will never happen. In just 3 days, the FTX crash caused bitcoin to go from $21,000 to $15.7k and FTX's drama will not stop, once FTX goes bankrupt, there will be many consequences later. Don't think it's over, I predict that the market will crash again and the bottom could be 10k-12k.
November 24, 2022, 06:33:10 AM
My first thought will be: Oh great, now I can have a second chance to invest a decent amount of money for my future. I am glad. I should have taken the chance the first time but this is ok too.
My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).
My second thought would be: Because of the amazing crash down to 1k, Bitcoin will need years to recover to 20k again. Which is a bit disappointing for those who like seeing big numbers, but I am hodling for years anyway. And the profit in percentage from Bitcoin going from 1k to 20k will be greater than waiting for Bitcoin to go from 20k to 200k, (which I suspect will also take a few years at least).
November 24, 2022, 05:33:08 AM
I’ve been hearing a lot of the same type of opinions for a long time that the crypto will be in a relative drawdown until the next halving, up to 24 year. Given all the current circumstances and the prerequisites for possible futures, this version seems very real
November 12, 2022, 05:00:15 AM
I'm curious how many people at these Cefi places bought bitcoin specifically to get a higher interest rate. Like, how many people thought, hmmm, I can deposit my $10k in a bank CD and get 0.5%, or I can buy $10k worth of bitcoin, deposit it on cefi, and get, I don't know, 4 or 6 or 10%+ interest? In other words, how much of bitcoin's price rise came from this kind of (sort of artificial) demand?
On the other side, with fewer companies and coins available for re-hypothezation, that should reduce this (sort of artificial) selling pressure overall, shouldn't it?
On the other side, with fewer companies and coins available for re-hypothezation, that should reduce this (sort of artificial) selling pressure overall, shouldn't it?
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