Topic: What will be running in your mind if Bitcoin reaches $1000 again - page 6. (Read 19609 times)

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You cannot just making decision without looking at it first indeed , when thats happened because of a fatal glitch in bitcoin such as a vulnerability to get centralized ... for me this is a fatal one , the core power of bitcoin feels like shutting down ... then with that reason i might have to still wait and see.

Not just stopping to believe in bitcoin immediately nor bragging to buy more bitcoin.

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.

If you could really just make out some checks on history about percentage drops then you could definitely change up those words from impossible -  possible considering that this market is totally unpredictable
and there's no way that you could really eventually make out conclusions that we wont be reaching out those numbers but somehow after a decades time of volatility and unpredictability and seeing the progress
that we've come so far then we could really tell that its really hard to believe that Bitcoin would drop that low but we shouldnt really make ourselves that too confident.Asking me if what happens into my mind
if bitcoin drops this low? I might consider or gamble or risking out some amounts on accumulating as much as i could even though hesitance is there considering that if bitcoin drop that low
then there's something happening on it.

I'm a little doubtful if bitcoin really went down at the price of $1,000, almost all investors think twice about buying back bitcoin, almost all investors when bitcoin is at a high price want bitcoin to go down as fast as possible at a low price. But when they have the opportunity to buy bitcoin at a price that is cheap enough they are afraid and worried that bitcoin might create another low price.

Bitcoin has dropped several times to a slightly cheaper price but most investors are still waiting for the opportunity to buy bitcoin at a lower price, but in fact Bitcoin has actually gone up significantly. I have with many time imagine from investors because almost of them just talking only without have braveness for buying bitcoin when have chance at lower price.

If bitcoin hits 1000$, it means that all the investors in the cryptocurrencies market will be in severe loss as none can bear the loss with a portfolio close to zero. So this is never going to happen and if anyone is thinking that bitcoin will reach 1000$, he does not have a sense of bitcoin and financial markets.
Also, note that bitcoin did not reach these prices in the covid dump in March 2020, how can it reach at this low value now or in near future ?

Nope this won’t be the best opportunity.
I mean a coin whose value is 40k usd, and suddenly dropped to 1k usd, and you think you will buy it instantly without giving a second payment though or without knowing the reason for the drop?
At first before buying we should thoroughly analysis the reason for this fall. And accordingly we should buy.
Moreover this won’t happen in the IRL, as BTC’s marketcap has become too bit that Satoshi himself can’t make the price this much down.
What are your thoughts on this?

That's good of you, and you are so realistic. I'm a trader, not an extremist of Bitcoin, I hold, buy and sell Bitcoin when that's the reality of the market, nothing else. It is all about making money, which calls for the right speculations, rather than being sentimental about the coin itself. Also, the technical outlook would be extremely bearish then, and a lot of dumps would happen, so it is difficult to avoid panic at this time.

What if it SELLS SELLS SELLS? See, I expected better responses from many of you, you would buy without even justifying why you bought it? A true trader that would even buy must wait until a bullish signal is effectively confirmed before doing so.

This is sensible! The short-term outlook would be almost totally irrelevant at that time, so it would be unwise for anyone to conclude they would buy Bitcoin. Everything including the whole market sentiment would be negative, now tell me, what are they buying there? Unless they want to be aggressive, gamblers and irresponsible traders.
First, let me correct you, Bitcoin is not a stablecoin and will never be. Second, it could breach the $10000-$15000 that many of you are quoting. I always need constructive reasons for why something would or wouldn't happen, and no one should be so affirmative that something is impossible in this uncertain world we live in.

Impossible or might not be possible? I don't like people saying something is impossible. Is Bitcoin not an asset? Any asset could either appreciate or depreciate and at times could crash. We should just hope that the USA and other biggest fans of Bitcoin do not stop their backing due to one reason or the other (Economic or Technical). If that happens, then nothing is impossible here.

The highest price of Bitcoin is about 71% lower at the moment. The current price is a little higher then $19800. As we know that the bitcoin price depends on according to the buyer's needs. If the buyer is not available at any particular mentioned price, then the price of Bitcoin will naturally come down. As such, I think Bitcoin is not possible to stay back $1000. However, I have a fictional dream in my mind that if Bitcoin reached at $12000, then I'll try to hold a bitcoin.

Many of us hope Bitcoin can reach again to the level of 1000$, the average Bitcoin user has that hope, however, my thoughts are not in line with Bitcoin prices below 1000$, maybe it makes sense to me Bitcoin is as low as $15000k, this is what some Bitcoin Experts say.

Yes, this can be an opportunity that only comes once. buying 1 or 2 bitcoins at that point would be a very good investment. however, I feel that when the price of bitcoin reaches that point and crypto developments are still being developed, there will be a possibility that the price will rise again. So, I also feel that buying is the right decision.

The plan you made and published is absolutely impossible because $1000 worth of bitcoins will never come.  And if you hit 1000 dollars, all the coins in the alert point skin of the Keto currency world will surely die.  But then we will not be able to make the income that we are making from these sites and the big thing is that bitcoin will reach 1 lakh dollars and in a few days wait for the show, be patient, bitcoin will pump again inshallah.

and you remember at the end of 2020 the decline in the price of bitcoin reached $ 5000 and at that time many underestimated bitcoin would not rise again and they squandered the opportunity to get rich by buying that cheap price. and look at the evidence today, Bitcoin was able to reach ATH $ 67k and the highest in bitcoin history. and currently bitcoin price in the $20k area means it's already down about 70% from ATH 2021.
Opportunities like this will not be repeated again, this all depends on each person's choice. every choice has risks and behind these risks there will be benefits that will be given to those who believe.

It is impossible for me to reach 1000 dollars. But we can see the $5000 levels. If we see bitcoin falling to these levels, I will gradually add bitcoins to my basket. It is impossible not to have bitcoin in the future world.

If Bitcoin price would have a tendency to fall to $1000, a lot of people, even long time holders, would have sold their Bitcoin long time before Bitcoin reaches that price. And by they way price reaches $1000, they would either just smile, or would be forgotten about Bitcoin or will try to forget it as a bad dream.

I dont think there will be left many willing to buy Bitcoin at such price. Because if Bitcoin has such a huge price drop, then there is really something bad with it a I think chances of recovering would be very low.

many people imagine and hope it will come true Bitcoin will return to $1K, I will buy it for future investment by buying some Bitcoins,
I'm honestly saying it's going to be tough, but if it was, I'd be buying too because I've missed the past to buy Bitcoins under $1000

Yes, I agree with what you just said that the price of Bitcoin can never fall to $1000, but what if for example just like the OP said, its price falls to that amount overnight? I will say that the way an individual will react will varies concerning how much such an individual had in Bitcoin before its price fell to that $1000. Because for example, using the current price of Bitcoin now, imagine you had 1 BTC worth $20,000 and only to wake the next morning to see the value falling from $20,000 to $1000, I'm sure any normal human being will at first feel frustrated and even lost hope for BTC, of which it will only take people with the strong desire to continue. But I pray that will never be our portion now nor never

I think all smart people who are involved in crypto currency those will answer the same for that question  and the answer will be buy a good amount of bitcoins and hold for long term.Because if you see how the use of Bitcoin or crypto currency is increasing all around.  And this means that even if the price of Bitcoin comes down to such an extent, it will be temporary or for a certain period of time but later its price will definitely skyrocket again.  But I don't think that Bitcoin will actually go down to $1000.

what I was thinking when that happened, how do I get a lot of money so that I can invest in bitcoins in large quantities. I see it to be a very rare opportunity. remember when the price of bitcoin hit the price of hundreds of dollars when the price had reached thousands of dollars? at that time people felt that bitcoin would die, however, the price of bitcoin rose again even at a price that was difficult to imagine at the time. So, I'll probably try to have a fair amount of bitcoins when that happens.

I heard someone say it costs 2k to mine. If so then I want to pay 4k max. Dreams.

It's a win situation and opportunity for non hodlers of bitcoin to fill their bag and buy as much as they can if it price falls to $1000, however hodlers who bought at a higher price will lament bitterly and become worried because of the massive drop of it value, personally I will buy if possible sell some properties or obtain a loan to buy and hodl because historically bitcoin always bounce back for any dip and dump and it's very obvious there is tendency of it's price to pump again after dipping to $1000 invariably many people will become rich after the price gain value again like hitting a new ATH in months or even in year time.