What will be running in your mind if Bitcoin reaches $1000 again - page 12.

stomachgrowls

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It is nice to see people thinking that Bitcoin will or might drop to $1k but I don't think so, but let's say it happens, I would want to understand what made it drop to that level because I wouldn't want to buy something that might not recover but again, I don't think this is happening so I don't think about it.

If ever bitcoins price drop that low then we could really say that there's something wrong on it and pretty much sure that there would be other coins who had already overtaken its place into top #1 spot.

For sure trust and confidence would really be shattered on bitcoin but for sure as being the former or the king of all crypto there would be still people who do see this to be an opportunity to buy

cheap coins considering into those things that happened in the past specially on moving prices or ATH's then they are still hopeful and positive towards things.
Its a matter of choice but for sure fear and anxiety would really be high on these times.

Apocollapse

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Quote from: ChiBitCTy on August 03, 2022, 11:06:50 AM

If bitcoin ever reached $1000 dollars a coin again, I’m of the belief that it has failed and or more likely that there will be another coin that has over taken it as the most popular go to Cryptocurrency coin going forward, for whatever which reasons. I just don’t see it happening personally.

Actually I think other altcoins including Ethereum will crash too since they're only following Bitcoin price, just like we did see currently for few years. Bitcoin already 13 years old and there's no altcoins can compete Bitcoin, even though there're around 20K coins on CMC.

Bitcoin almost can't be hacked due to high security, so I don't see any reason Bitcoin would crash and reach $1000.

ChiBitCTy

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If bitcoin ever reached $1000 dollars a coin again, I’m of the belief that it has failed and or more likely that there will be another coin that has over taken it as the most popular go to Cryptocurrency coin going forward, for whatever which reasons. I just don’t see it happening personally.

Haunebu

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My reaction would be disappointing and annoyed like crazy, but I wouldn't dump all my BTC because of all the FUD. Instead, I would patiently continue HODLING my stash and buy more coins since it's a great opportunity to profit in the long-term.

This isn't a market for the weak. It's an extremely volatile market which can go up and down like crazy which is why you should always invest only what you are willing to lose.

Also, focus on your own instincts rather than depending on what others say during that moment of crisis.

minairia3

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Quote from: AakZaki on August 02, 2022, 01:14:18 AM

Anything can happen but so far I don't think up to that price. If they go back to that price of course at this time I will convert my BTC into fiat and buy again. But as far as my experience the BTC price drop is no more than 90 percent from the last ATH price so I am optimistic the current price is a consolidation phase. Where the bears have begun to become saturated, maybe the market will start to recover even though the global market is struggling with the state of the economy.

There is no chance for bitcoin to ever return to that price again, if we had a Doraemon's time machine, then we could do this or though if I had one wish, I would wish it Cheesy

It is very difficult to predict where will be the lowest price of btc but with the current drop being quite good to collect, we can use DCA to not miss any of the low prices of btc.

swogerino

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I believe most of the people who believe in Bitcoin will at least spend 10.000 dollars to buy 10 Bitcoins which is a nice amount to own.We have seen from past history that no matter how much down Bitcoin goes in price,soon after it recovers from the bottom.So let's imagine a 15.000 dollars price recovery after 1 year that you buy at 1000 dollars one Bitcoin,you can sell 10 of them for 150.000 dollars which is 1500% profit.Not a bad deal I would say and I don't know if any other tool/asset/stock can do such returns.

Bottom line nothing to worry and a lot to get from such scenario.

Kelvinid

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$1000 again? All I can say is "this was the perfect time to buy". I'd just think about buying, not a dying indication because I believe that Bitcoin won't go there easily as long as it was still been used in the market. I considered that huge market correction ever happen in the crypto market.

This is certainly the time for poor people to invest and at least have their experience buying crypto at a very cheap price. I think, no one will say I don't have money as once they saw the price went $1000, these people find their way to have capital.

Leviathan.007

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The answer will be pretty much simple if you ask other people they would say I'll buy more bitcoins if it's cheaper than this would be while I would first reach for the reason for the price fall and if the reason was clear to me I would consider buying bitcoins, according to the reason and the what I understand from the situation of the market I can make the decision to buy. While regardless of that I don't think we see bitcoin at this level because many powerful companies bought bitcoin at higher levels and surely they would not sell the bitcoins to let the price fall down.

EarnOnVictor

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Quote from: mk4 on July 31, 2022, 03:54:38 AM

If there's nothing wrong with bitcoin fundamentally and that people just got bearish for whatever BS reason

In this scenario, something must surely be wrong with the fundamental projections for it to reach such a low.

Quote from: kamvreto on July 31, 2022, 09:27:47 AM

My past mistake was not buying a lot of bitcoins for me to hold on to long term.

I believe we have all learnt our lessons, Bitcoin has come to stay with the present-day adoption. Any selling attempts, irrespectively of the bottom attained is an opportunity for it to earn more for the darers.

Nrcewker

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Quote from: Stella Mese on August 01, 2022, 07:11:51 PM

if bitcoin hits the price of 1000 dollars again I will definitely buy it, because it is a good opportunity to invest in bitcoin, and I think many people also think like me.

Nope, many people think twice before they act.
First of all we need to understand what’s the reason for which Bitcoins fall to such a low price.
We need to analyse each and everything before investing money in something, that will also be done in this case.
Secondly if we find that it is just another bear market pressure and Bitcoins struggling to fight back, then only I can invest.
It’s just different way of thinking from different people.

kotajikikox

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There is only one thing that will surely run in my mind if bitcoin ever reach 1k again , and that is to sell My house , sell my Car , take a highest loan i can get from everything possible and invest everything in bitcoin , even if this makes me a Homeless for a couple of years .
this is what will make me decide perfectly because I have been losing for all my investment every super dump happens , and now? once this comes again I will decide completely in support for bitcoin.

tygeade

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Quote from: Betwrong on August 01, 2022, 05:25:01 AM

Quote from: EarnOnVictor on July 31, 2022, 03:04:05 AM

~ 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?
~

$1,000 for 1 BTC is a dream for crypto investors, but we all know that it is never going to happen. In fact, inflation shouldn't be affecting crypto in the negative way, the opposite should be happening, right? It's all because of panic. In times like these some folks are selling gold, gemstones and other valuables at cheap prices, because in panic people often do the opposite to what they really should be doing to save themselves. But, fortunately, most people don't panic. They are sober and rational, and that is why we'll never see $1k for 1 BTC.

The problem is that if the price is at 1k, then something must have gone wrong. I know for a fact that there are nations and companies who would be interested in buying a whole lot more to make sure that it doesn't happen. Which means that if this actually happened, then it must have been something horrible, like satoshi turns out to be hitler and he is not dead or whatever weird thing.

I agree that it is never going to happen, those days are long gone and we are not only going to never see it be 1k, I can go as much as say that it will never be 10k or lower ever. This is a made up situation, so I can see "what would you do if it is 10 cents" and it has as much sense as that one.

landheer

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if the price of bitcoin falls again to the price of 1000 dollars, I definitely think there will be many investors who buy bitcoin. and of course all people who buy it, even I myself will buy bitcoin. because if bitcoin drops to 1000 dollars in my opinion it is a good opportunity to invest in bitcoin.

Mauser

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Quote from: EarnOnVictor on July 31, 2022, 03:04:05 AM

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?

Why would I leave the bitcoin market at the worst possible timing? I don't think that there is any real chance for bitcoins to ever reach $1,000 again, but if that would happen than I would buy as many coins as possible. I made the mistake one time in the past to turn my back on bitcoins and that was the biggest investment mistake I ever made, not going to repeat it. The crypto market always move in cycles, it's only a matter of time for BTC to bounce back. So in case BTC would drops so low than I would sell all my stocks and buy only bitcoins, move them into a secure wallet and forget about it. Take a break from cryptos for a year and come back to hopefully find the prices to be on normal levels again.

AakZaki

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Anything can happen but so far I don't think up to that price. If they go back to that price of course at this time I will convert my BTC into fiat and buy again. But as far as my experience the BTC price drop is no more than 90 percent from the last ATH price so I am optimistic the current price is a consolidation phase. Where the bears have begun to become saturated, maybe the market will start to recover even though the global market is struggling with the state of the economy.

Vaskiy

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I've come across an incident in the past. A person sold all his belongings and bought bitcoin. With his family he moved into a refugee camp. This happened during the months prior to the 2017-18 bull market. Now the family is enjoying and doing charity, educating people about cryptocurrencies. I'll also think of doing such thing, will not sell everything. But atleast 50% of my belongings and buy bitcoin for sure.

Stella Mese

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if bitcoin hits the price of 1000 dollars again I will definitely buy it, because it is a good opportunity to invest in bitcoin, and I think many people also think like me.

Sanitough

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Quote from: MatthewLM on July 31, 2022, 04:16:48 AM

It will be the new chance to reinverse in the bitcoin at the cheap price,because it was happened only with the time travel to the past.Most of the people ,nearly 70 percentage of economic sharing population know about the bitcoin now.Instead of feel about the bad,it’s better to way forward.Then you should try to make some good changes to your past.If this 1000 dollars happened,huge new people will back to forum.

This is another great opportunity to invest again, and for newbies to enter the market. Bitcoin is the best asset in the market and it’s the most profitable one, so it’s always expected that the people will be in a panic buying knowing the price won’t be the same all the time. Instead of worrying, just always think the positive side. Bitcoin is great and so we should never miss another train again not to invest.

freedomgo

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Quote from: Rikafip on July 31, 2022, 04:29:37 AM

Many who say that they would go all in on Bitcoin if it ever goes that low are just fooling themselves as in reality they would be way too scared to invest. I remember when Bitcoin was around 9-10k and I had to sell some for ongoing expenses so I asked few friends who wanted to buy from me when BTC was ~17k, and none of them were interested, sating that price is too high. Then they contacted me again when BTC went to 35k as in their eye BTC suddenly became cheap.

As for me, it would depend how we came to that price. If there's nothing wrong with Bitcoin itself I would keep doing DCA as that's my preferred investment tactic.

For some, most especially with weak hands, this will bring panic and fears and will make them sell their coins at a very low price. However, for smart investors, this is the best buying moment for bitcoin. If the price decline is just an ordinary price drop, and there’s nothing to worry about, then it’s definitely another good opportunity to do DCA and add more bitcoin on our portfolio. I would love to do that for sure.

NicNacCoin

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Quote from: EarnOnVictor on July 31, 2022, 03:04:05 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.

If this is the case, then first you need to know how such a big drop happened in Bitcoin.Such a big drop must be due to a major problem in Bitcoin. And will be one of the reasons why Bitcoin will be destroyed It will depend on the Bitcoin market.If there is a chance that Bitcoin will not crash then I will definitely invest and hold it for the long term.

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