Topic: What will be running in your mind if Bitcoin reaches $1000 again - page 2. (Read 19609 times)

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.

First of all, I would say that it would be a long way to go to get Bitcoin to $1000, and I still believe in Bitcoin at that time. newbies at that time is that they are already bashing Bitcoin at that time. For those who really have experience with bitcoin, if they have solid evidence that bitcoin is not dying, I am pretty sure that they will buy bitcoin no matter what. They will spend their money to buy bitcoin.

It will be very risky to be honest. I mean suddenly coin like Bitcoin fall 20x it’s worth will be really surprising. So before buying the coin at that price, we should calculate and estimate all the risks that might involve in that. As no one wants to bear losses, like what happened to Doge during Elon Musk’s time. Moreover if we talk particularly about Bitcoins, then there is high chance that price will go up, due to it’s marketcap, so yes purchasing some Bitcoins won’t be harmful, until unless you thinking for long term.

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.

if the drop is sharp and sudden, so i will buy. If in the next 2 years we're going to gradually go down, reaching something like 10k next year and 1k in 2 years, I'd be really worried about the future of btc because if you think about it, 10k is mostly under mining profitability. If we took a year at 10k and then went to 1k, nobody would mine this. All those billion dollar investment companies have to get out, all the celebrities, bitcoin casinos, the entire industry has to sell exit ends for us to get to 1k. At this point I'd say flash crashes due to no liquidity possible, but not a gradual drop to 1k. That will indicate the end of all cryptocurrencies.

however if in the end we took a year at 10k and then went to 1k no one would mine this. All those billion dollar investment companies have to get out, all the celebrities, bitcoin casinos, the entire industry has to sell exit ends for us to get to 1k. At this point I'd say flash crashes due to no liquidity possible, but not a gradual drop to 1k. That will indicate the end of all cryptocurrencies.

Because if the price is very low, then it will not be difficult to make an artificial pump and make a big profit from it. But I can't believe the price will be that low. I've seen the price of Bitcoin drop to $4k, but now, because Bitcoin is so much more popular, going so low is impossible.

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.

I don't think Bitcoin will ever fall to $1000. For this possibility to happen, all the balances in the world need to change. For example; it's like a big international problem. In today's conditions, I think bitcoin can fall to around $ 10,000 at most. This value is also very little for bitcoin, in fact. But since there is an opportunity to buy, it would not upset me if it fell to this value.
if everything goes wrong and it goes down to $1,000, everyone will panic. However, those who do not panic in that state and continue to add bitcoin to their wallet will win big.
It's just going to be a long, patient wait.

Buying a bag of Bitcoin in the dip...

just like you, I will also see what conditions and situations cause the price of bitcoin to fall that deep. the wild scenario that comes to my mind is that the price of bitcoin will crash if satoshi goes public - if that happens then I will not buy bitcoins because most likely the government will control that and make bitcoin a stablecoin.


fact: Bitcoin will never touch $1000 again (never even to $10k).

I think Bitcoin, currently being at $16K, is just lots of investors who don't understand that fundamentally, Bitcoin is rock-solid.
They see FTX go belly-up, the fear and irrationality kicks in, and they dump... so I buy it up, thanks.

I already have a picture of what you described. But I totally agree with you - health is important. But I guess we'll never wait to see $1,000 in Bitcoin again.

I think that the max that BTC could reach is a 10k$ and lower it cant go anyway

Truly, this seems unlikely, but it does not stop the fact that it is possible. As we hope it doesn't happen, if it happens, then it might be the right time to plan a renewed investment in BTC. Mind you, we do not need the great recession for BTC to fall significantly, what if the US, UK and Europe decided to turn their backs on the coin, what would happen? This is just an example that we will always hope does not happen.

That is the point, the demand can never be intact in such a situation. Such a significant drop would only create panic, and many that are making month that they would buy at such a low might only panic more, or buy a little.

You have some good points here, we should first know the cause of the huge fall and determine if the cause is still lingering, not that we will just blindly invest in it. But don't be sure the price would go up in a short time, just let the right speculations guide you.

The price depends on many factors, including human emotions, news coverage, etc. Those are all independent of how Bitcoin works.

If the fundamentals of Bitcoin haven't changed, I would buy as much as I can at $1,000 because inevitably things will change in the mainstream perception over time.

You would definitely looking for the reason on why it had dropped that low, we are really seeing the price which is really near into those early years and presuming that we do able to hit up $69k price in the past

and going $1000 this low then you would definitely presume that there's something wrong with it.It might there is a new issue in regarding about it or simply people jumped into other altcoins which they do seem

which is more worth than Bitcoin.When it comes or times like this then it would be neither people would be that hesitant or would definitely be longing to accumulate as much as they could
but pretty sure that decisions made wont really be that simple.

Bitcoin dear touches $1000 that is a whole lot of bagging for me. I will spare no dime to purchasing more of Bitcoin. Irrespective of what really transpired that resulted to the sharp decline in price, I don't mind because I strongly believe it would bounce back with a full and stronger force higher than the all time high price. Bitcoin has gone global with full scale and massive adoption which has been catching attention for long now. However no other Crypto currency can take the place of Bitcoin as the first and therefore remains the first ever blockchain to exist in man kind. Never the less, I really doubt the possibility of Bitcoin dropping below that figure or amount as it has already built a base stronger than that. I am strongly of the view that Bitcoin would do better than it's all time high in less than no time. I believe in the potentials and possibility of a bounce back.

well it's true there must be a problem if btc reaches 1000$, but I'm sure the price will go up again in a short time because there will be a lot of demand.
and here can be assured that the price of bitcoin is in trouble and manipulation occurs here

Big players can indeed do price manipulation. However, they will think that it requires a very large amount of bitcoin because the situation has changed so much in recent years and they also have to estimate how much risk they will take. I would rather buy bitcoins at the current price and collect more Bitcoin than just wait for the price to hit bottom because I know I can have a hard time getting to that bottom.

Moreover, regarding the $1000 price mentioned by @OP, I do not think it will happen because the bitcoin price is now very high and even the big players will also think twice if they want to lower the price to that price level.

As long the demand is intact or something didnt change then whenever bitcoins price plummets then its safe to presume that there would really be lots of strong support below which would catch up.

Therefore, seeing 1k price is really somewhat on that impossible side of things to happen but since this market is unpredictable then we can tell that everything is a possibility and this is what makes its hard to make
out conclusive approach when it comes to price.No one could able to determine on how low we could really go in maximum.

If ever Bitcoin hits this low then for sure there's something wrong with it and i dont believe that people would really be that confident on buying on that time.

Price manipulation can be done by big players.

The problem with this is that it's not a long term strategy. Sure, they sold lots of bitcoin and lowered the price, but then lots of people kept buying and the price eventually will go back up, and the big players eventually will run out of Bitcoin to sell.

The key thing is that there's a finite number of Bitcoins out there, and they cannot lower the price indefinitely because there's more and more people joining in that also want to participate in Bitcoin.

A price of $1000, which I don't even think is possible, can only happen in the short term. Long term the price will go up.

To answer the question, I would continue buying more Bitcoin at that price.