What will be running in your mind if Bitcoin reaches $1000 again - page 3.

ethereumhunter

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Quote from: Hyphen(-) on October 18, 2022, 06:15:33 AM

Quote from: EarnOnVictor on July 31, 2022, 02:04:05 AM

What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?

I wouldn't say I'll be overjoyed, but I will be overjoyed because the market has lowered the price to the point where many people who missed out on investing in Bitcoin during its early stages can now do so.
Although I know it will be difficult for the Bitcoin price to fall this low because many market makers will not allow it to fall drastically due to their large investment in the market, if it does, I will do everything I can to buy as much as I can because I know it will rise again.

If the price drops drastically, I think I could need a few bitcoins since I still have money to buy them. It was a joyous moment for many people who didn't have much money because they could buy more bitcoins at very low prices. But I think it's unlikely that the price of bitcoin will drop drastically unless a lot of investors lose faith in bitcoin and a lot of whales sell their bitcoins, causing the price to drop very quickly. But even if the whales will dump the bitcoins, I don't think the price will drop that drastically because it takes a lot of bitcoins to force the price down to that level.

nara1892

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Quote from: Hyphen(-) on October 18, 2022, 06:15:33 AM

Quote from: EarnOnVictor on July 31, 2022, 02:04:05 AM

What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?

I wouldn't say I'll be overjoyed, but I will be overjoyed because the market has lowered the price to the point where many people who missed out on investing in Bitcoin during its early stages can now do so.
Although I know it will be difficult for the Bitcoin price to fall this low because many market makers will not allow it to fall drastically due to their large investment in the market, if it does, I will do everything I can to buy as much as I can because I know it will rise again.

Actually I don't want to speculate about something that I believe is unlikely to happen. But if I really have to speculate, then I'll do what you do. I will carry as much Bitcoin as possible into my wallet instead of turning away from bitcoin. Because it is a golden opportunity that may not be repeated. But again I believe that is unlikely to happen, even if it did, maybe when there is a great recession sweeping across the world.

Hyphen(-)

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Quote from: EarnOnVictor on July 31, 2022, 02:04:05 AM

What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?

I wouldn't say I'll be overjoyed, but I will be overjoyed because the market has lowered the price to the point where many people who missed out on investing in Bitcoin during its early stages can now do so.
Although I know it will be difficult for the Bitcoin price to fall this low because many market makers will not allow it to fall drastically due to their large investment in the market, if it does, I will do everything I can to buy as much as I can because I know it will rise again.

dgo338987

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Here in this forum, the majority of active members (non spammers and serial bounty hunters) would still be carefully following it to decide what action to take. And if it turns out to not be a problem with Bitcoin as you pointed out, many would fomo in.

Slow death

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if the price of bitcoin dropped to 1000$ it would be a great disgrace because there are many people who bought when the price was 50,000$, 60,000$ and more and if the price of bitcoin dropped to 1000$ it is absolutely certain that many people would lose faith in bitcoin, they would sell at a loss and not buy bitcoin again causing the bitcoin price to not come back anytime soon or even never come back to its ATH. people want things that go up even if it takes time, they don't want something that goes down so much that it hits rock bottom, about what i would do in a situation like that: i would buy and put stop-loss at 900$ because there would be no guarantee that the price would not fall below 900$

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I don't want to hear anything negative about Bitcoin. Because I know these things are just a waste of time. I believe Bitcoin will be even stronger than before. So at this opportune time I am motivated to invest my money only in Bitcoin. If the price of Bitcoin falls further, I will still collect Bitcoin. The price of Bitcoin may fall, but it is not possible to reach 1000 dollars. Because there are lots of investors are added to crypto market everyday.

it is not impossible for the price of bitcoin to fall to 1000$, we always need to be prepared for the worst

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Quote from: bitzizzix on October 14, 2022, 08:14:51 AM

That's a very good price to buy, but before it hits the road, a lot of people will panic sell before it hits $1000 and will push the price there.
and what i worry about is people's trust in bitcoin will decrease because they think they are harmed buy high price and sell low price afraid of karma especially those new ones who haven't experienced the real bitcoin journey but $1000 is a very good price to buy more bitcoins and keep for the long term, because the long term goal of the next bitcoin price is 100k the most important thing is to be patient.

The cryptocurrency market must be almost vanished if Bitcoin falls to $1,000.

If people are worrying about it, they should rethink about a basic question and answer it by themselves. Do they think blockchain industry then cryptocurrency market will exist with time? Will they not disappear or be dead in future?

If they self-answer that both will exist with time, Bitcoin will not fall to $1,000 because it will create very high panic on market. Bitcoin at $1,000, altcoins will lose their values like LUNA with its crash in May 2022. I bet with those people that it won't happen.

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That's a very good price to buy, but before it hits the road, a lot of people will panic sell before it hits $1000 and will push the price there.
and what i worry about is people's trust in bitcoin will decrease because they think they are harmed buy high price and sell low price afraid of karma especially those new ones who haven't experienced the real bitcoin journey but $1000 is a very good price to buy more bitcoins and keep for the long term, because the long term goal of the next bitcoin price is 100k the most important thing is to be patient.

BlockChainMentor

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I will sell my bitcoin at this price and buy when price will become low

Reatim

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Quote from: Reatim on September 07, 2022, 04:04:58 AM

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I'd have to say the first thing that comes to my mind is the companies, organizations, and any centralized figure involved, associated, or facilitates Bitcoin or any other crypto.

Hope they didn't buy lambos and houses with their profits.

It their rights what to buy , they can buy lambos and houses because it is their profit and their way of enjoying their risk in investing , what my main concern are those who have bought in 5 digits price because for sure? they are the most affected on this one.

You're totally correct. I probably should have said those who are taking out loans against their BTC they can't afford.

if that is your question then there is a different answer from my part but giving all those? still never take a loan to invest in crypto or even in all investment areas because the risk will be double , that is if you did not manage to profit from your investments and the obligation to pay the loan that surely has interests in that.

Quote from: Luqman on September 19, 2022, 06:45:16 PM

Common people must think Bitcoin will end if it drops to $1000. But I will buy as many as possible if it drops to $1000. We know that Bitcoin is getting popular and has a crucial role in human life nowadays. It shouldn't end so easily, it must last a long time and has a better value in the future. I am still confident about the possibility of BTC price reaching $100k. I can't imagine how much to get profits if it jump to $100k if I buy at $1000. Grin

let them have that bad thoughts but for us? it is opportunity to become millionaire in the coming years of course.

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Quote from: suzanne5223 on October 04, 2022, 11:53:31 AM

Quote from: steve5946 on October 04, 2022, 11:38:10 AM

Well, since I have recently pulled my investments off Bitcoin. If the price were to reach $1000. I think it's a good time to invest all my savings Grin

Yes, it is a buying season if Bitcoin reaches the mentioned price by the OP but I wonder why you pulled off your investment in Bitcoin when it's the most secure investment in the crypto sphere and for the record, this is not the season of selling your holding because it the season of investment and accumulating more BTC before the next bull run.

I feel there's so much uncertainty in the crypto market now, especially Bitcoin. Even its unstable price is affecting payment value received for services drastically😪

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Quote from: steve5946 on October 04, 2022, 11:38:10 AM

Well, since I have recently pulled my investments off Bitcoin. If the price were to reach $1000. I think it's a good time to invest all my savings Grin

Yes, it is a buying season if Bitcoin reaches the mentioned price by the OP but I wonder why you pulled off your investment in Bitcoin when it's the most secure investment in the crypto sphere and for the record, this is not the season of selling your holding because it the season of investment and accumulating more BTC before the next bull run.

steve5946

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Well, since I have recently pulled my investments off Bitcoin. If the price were to reach $1000. I think it's a good time to invest all my savings Grin

Obong Okon

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Quote from: EarnOnVictor on July 31, 2022, 02:04:05 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 Bitcoin price drops as low as $1000 it will a bad news for some people but for those of us who are just starting, it will be a very good news because we can now buy to recover from the opportunity missed.

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Quote from: m2017 on October 04, 2022, 03:03:52 AM

Some people would certainly buy BTC if the price went down to the $1000 level, but in my opinion, in the first wave, the majority would have panicked and started selling instead of buying. This is always the case with sharp drops, but at the same time, stabilization usually occurs when the price is kept at about the same level thanks to buyers who believe in the asset. So, the price can't fall rapidly until the asset is completely depreciated, the support level will not allow it. And then, there will be growth, even after the $1000 mark. But to be honest, I don't expect bitcoin to drop to $1000 at all. In my opinion, this is practically impossible in today's reality and the price of $100.000 is more likely than $1000.

Seems have dominance with buy back than selling at the panic moment if bitcoin price went down $1,000 and less opportunity can't our buy order filled, I don't think have ideas if Bitcoin really went down to $1,000 because all investors don't waste their money after investing when bitcoin above $19,000. Likely for Bitcoin price reach until $100,000 not happening in short time at the future, need Bitcoin cycle event on each 4 years maybe to see new ATH for Bitcoin. Almost not any chance in few months later in this year for Bitcoin can reach above $100,000 but seems impossible if Bitcoin price can going down to $1,000.

My opinion about Bitcoin price around two until three months later stuck under $19,000 until $30,000 spent with several months ago Bitcoin price almost stable on area prices $20,000.

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Turn on buy mode to collect as much Bitcoin as possible, this will be an opportunity for anyone who dares to enter the market to get a discount. $1000 will look like a lot to investors who are afraid of risk because they think the price will be difficult to increase again. But for those who really understand the movement of Bitcoin, $1000 doesn't mean anything, they will try to get more Bitcoin when the price is heavily discounted.

For example, buying 1 Bitcoin at a price of $1,000, to get 5 Bitcoins only requires as much as $5,000. when the return price increases 10x from the purchased price, then the investment value becomes &50,000. The more Bitcoins you have, the more money you will get, so don't be afraid to put your money in Bitcoin even if the price is at its lowest level.

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Quote from: Hamphser on October 01, 2022, 05:52:33 PM

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Quote from: Oneandpure on September 30, 2022, 02:35:26 PM

~snip~

more precisely the decline since the last ATH was 71% (check on coinmarketcap), this was also caused because many small investors started to panic and continued to sell their bitcoins, while the whales continued to play the market and took a lot of profit from this market decline. To be able to reach a new ATH again or to be able to reach the last ATH price, of course you need good news about bitcoin and maybe when the next Halving occurs the bitcoin price will reach a new ATH. Currently only focusing on continuing to add bitcoin assets and adding some capital for long-term investments.

Even veterans or old ones on this market do really still feel that panic or hesitation and doubts whenever the market do make out huge decline where you do see your portfolio is really going down.There's no way that you could really able to make yourself avoid even if you do have the experience and awareness on the market.

Its impossible that you wont really be making these reactions considering that we are just humans.Whenever we do see our investment declining on fiat value then it would really be that
normal on having these kind of doubts and thoughts in mind.

Reaching back on $1k price is something telling that there's something wrong with Btc.

If bitcoin suddenly plummets severely. I don't think anyone can stay calm and we're sure there will be a lot of questions, what's going on with bitcoin and is this the end? I don't believe people will be brave enough to buy bitcoin for 1k if bitcoin drops from this price. When bitcoin is from 69k and we want it to drop so we can buy and bitcoin price is now 20k, it can be said that this price is cheap, worth buying and worth owning, a price that I consider safe to buy. But if this bear cycle causes bitcoin price to drop to 1k then I bet you no one will dare to buy bitcoin let alone all in bitcoin.

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Quote from: Warkop on October 03, 2022, 08:02:29 AM

I would not have thought the price of bitcoin would return to the price of 1000 dollars, if that happened then there would be a lot of people who would buy it, myself included, that this is a golden opportunity for everyone to buy bitcoin at the lowest price, even though it is a very difficult thing. impossible to happen...

Some people would certainly buy BTC if the price went down to the $1000 level, but in my opinion, in the first wave, the majority would have panicked and started selling instead of buying. This is always the case with sharp drops, but at the same time, stabilization usually occurs when the price is kept at about the same level thanks to buyers who believe in the asset. So, the price can't fall rapidly until the asset is completely depreciated, the support level will not allow it. And then, there will be growth, even after the $1000 mark. But to be honest, I don't expect bitcoin to drop to $1000 at all. In my opinion, this is practically impossible in today's reality and the price of $100.000 is more likely than $1000.

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Quote from: Warkop on October 03, 2022, 08:02:29 AM

I would not have thought the price of bitcoin would return to the price of 1000 dollars, if that happened then there would be a lot of people who would buy it, myself included, that this is a golden opportunity for everyone to buy bitcoin at the lowest price, even though it is a very difficult thing. impossible to happen...

No one could have thought that those giant stocks that crashed could crash, but it happened. This is an asset, its price could appreciate or depreciate due to many factors. And the issue is that the pressing factors that would crash Bitcoin might not be the ones that are obvious to speculators, it would come and that would be the reality at the time.

I hope this does not come, but as many appreciate BTC now, what if very bad news happens and the sentiment caused the crash?

Quote from: LUCKMCFLY on October 02, 2022, 10:09:20 AM

stock market and every market that is supported under a backing, here the only backing is the supply and demand, as well as the whales and all that make BTC life.

Bitcoin is not left out when it comes to the backing as well unless you mean the government's backing as legal tender only. Some countries are doing that also for BTC, yet I agree that it is not enough. Nonetheless, the backing of BTC is almost the same as that of stocks, we should not mince words on this. The people that hold and buy the two keep them alive, not the government.

Quote from: OgNasty on October 01, 2022, 06:17:08 PM

A $1K price would be a little disturbing, mostly because it would signal a major breakdown in the Bitcoin market. Seeing it drop below the previous cycle high is disturbing enough but you can at least make the argument the the previous high was near the bottom here. At $1K, that’s out the window and by then a majority of Wall Street support would be long gone.

Perfect! Many do not view this like speculators and professionals, they mainly believe that once Bitcoin sells, it must buy. But are they truly considering the factors that are making it fall? In a situation where it has fallen to $1000, it must have been so demoralized and pressured to the point that almost all the investors/backers/holders must have turned their backs in such a situation.

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I would not have thought the price of bitcoin would return to the price of 1000 dollars, if that happened then there would be a lot of people who would buy it, myself included, that this is a golden opportunity for everyone to buy bitcoin at the lowest price, even though it is a very difficult thing. impossible to happen...

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Quote from: Fivestar4everMVP on September 17, 2022, 05:19:03 PM

If bitcoin should drop to $1000 or below, I think first thing to do is to find out why such a thing happened, because bitcoin, (considering it's current price and all time high price, plus all the high profile investors), have grown past the stage where it can drop to such a ridiculous amount without any form of negative news backing it.

So for me, first, I will have to know what caused the price of bitcoin to drop that low, what ever the reason is; will determine for me whether I should buy more bitcoins or just sit and watch as the whole magic play out.

Well, in that case, reaching $1k would be the unique opportunity to own Bitcoin, I think many would take advantage of it, and it would have to be a very strong reason for bitcoin to fall that way, because some consider it to be a temporary refuge of value, even many gold lovers prefer bitcoin more, this is because of the tremendous start it has had and its acceptance worldwide, we also see that in the traditional economy anything can fall, the stock market, stock market and every market that is supported under a backing, here the only backing is the supply and demand, as well as the whales and all that make BTC life.

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