Topic: What will be running in your mind if Bitcoin reaches $1000 again - page 8. (Read 19554 times)

This will even be an opportunity for me that started learn just this year to gain ground. I will just buy and convince people to buy. Because I know bitcoin isn't just any shit coin

So this means that if bitcoin reaches from 69,000$ to 1000$, we should not panic. Not everyone has such a big heart to accept this reality that when bitcoin pumps, it pumps beyond expectation, and when it dumps, we can never find the bottom. If we are able to hold during the bear market, it will be a big success for us.

Although I don't believe Bitcoin could reach $1000, even if it reaches that level, do you think running to other coins is the best solution? What I know is that if Bitcoin could be battered that much, no other coins would survive it as well. They would at least be at their almost completely ruined levels too.

Nothing is wrong with selling when that's the direction of the market. The way the buyers have rights is the way the sellers have rights, just that their timing is always different. We should speculate to know what we should choose, not thinking one is wrong and the other is the only right one.

The whole ecosystem that is running 24x7 and 365 days will not save a collapsing market and mining will be the weakest saviour. This is not just the issue, haven't you heard or read about the best-performing stocks that collapsed or almost collapsed despite being well appreciated before? That is the market for you, what holds any market's future is the stakes of investors therein, if one thing or the other has caused panic and lack of investors' confidence, anything can happen afterwards.

I like the investors' confidence part you mentioned, many people don't always want to think about that angle. It is part of Bitcoin, and if it fails, Bitcoin will be troubled. Nonetheless, I don't see a replacement yet. To me, if Bitcoin fails, everything coin would go down with it.

Very rational.

That is why bitcoin is not for children mindsets but for adult who really understand bitcoin and its risk. Investing on bitcoin does not mean you are going make it over night. But you have to zero your mind from the investment, also do not invest what is bigger than your mind, that is do not invest what you can not carry if it decreased. Remember that bitcoin is a decentralized coin and it is also an unstable coin.

In case that bitcoin will drop to such a low value once again, then probably these institutions and whales will be first one on selling their coins as massive issue could have caused it.

You're correct that it's highly improbable that this will happen as various supports and walls are there to avoid it. So, a probability of these support selling their coin may have been caused of a major issue with Bitcoin's technology.

If that happens, then I'll probably shift into some other crypto that has a better technology. But that is only if that were to happen.

Yeah, but I was showing in my post above that this attitude is not always a right one. $22k was a new ATH, and yet selling everything right away was definitely a wrong move.

There's a thing about Bitcoin: After some time it's obvious that buying in the past was the right thing to do, even if the price was going south for months after your buying. And selling, selling is almost always wrong, even at the time of a new ATH.

I would say what’s wrong with the investors ? 
Though I highly doubt this will ever happen. The billion dollar market can not just disrupt itself. There are institutional investors, individual millionaires, million dollar worth mining farm network all over the globe! Believe me its whole ecosystem which is running 24*7 and 365 days.

If one element goes down from above list then another will always stood by bitcoin to support it.

Even though it goes down to such low level, we have no option to buy more and wait for recovery.

If you havent seen any projects or coins that overtaken bitcoin then we could really say that there's something wrong within the market where everything had been plumetting out and there's still no project that

do able to beat up bitcoin on replacing it on the peak or top 1 spot but if we do able to see that there's a particular coin who do able to overtake Bitcoin then this is the time we could really say that

this is the end of bitcoin and there's something new that replaced it on the peak spot and im much sure that confidence of people would really be that greatly shifted into other coins
that had been making out some significant movement.

Not so much that I had/have a lot. Actually have a lot less than I did just prior to ATH... forced liquidation. But in March 2020, sub $4k prices, even if you had 1 BTC, it was a long way off from 20k. Just the feeling of losing all the value of savings, which of course, you weather through.


And then there's that overlooked mantra of not risking more than you can afford to lose. If I lose it all, I'm actually okay too. Bitterly disappointed, but I didn't and never would bet my house or shirt off my back on Bitcoin.

I know we're dealing with a hypothetical scenario here, but I still want to maintain that the possibility of such happening is highly unlikely. Anything that can offer us that abysmal price level for Bitcoin at $1000 must kill the entire market as most alts take direction from Bitcoin.

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That's exactly my position too. It's easy for people to mouth how huge they would buy in if Bitcoin dipped but when that happens we don't see them buy. Many would've wished for a crash from its last time ATH of $64k+ to $40k, Anyway, I won't be shocked if those who wished that it plummeted to that level didn't buy when it got there. They may not even be buying at its current price of $21k+ too.

If Bitcoin reaches 1000$, first thing my mind will say that game is over means another technology has taken place of Bitcoin. If you see any market all round thr world no nobody has alive forever. New technology has always challenged old system. I will not be surprised if Bitcoin falls more than ever. In crypto space daily new invetion taking place.

I've learnt to focus on what I want to do than what people are saying, I call it "noise."  The technology behind Bitcoin might be simple but it is vast, so I am in the opinion that it will not go away anymore, it could only face severe challenges. Therefore, Bitcoin will always bounce back later even if it reaches below $1000. One thing will lead to another that will help it rise. I will always buy it at lows.

As a human being, I understand this especially if you have a lot of it in your wallet.

No pain, no gain, and the more your risk, the high your gain. If it's anything about Bitcoin now, I know there is no risk that will not be worth it if I continue to stake at lower prices.

Yeah I know there are no guarantees -- that's one of the literal guarantees of crypto markets (or any other type of speculative activity really!).

I'd just be really confident, in a space where my confidence is rarely peaked

Zero is as likely to me as $1 million, so yeah, I'd definitely take my chances.

Bouncing up wont be a guarantee because after seeing 69k and dropped on $1k then it would really be showing off different story where it cant really be avoided that you would be thinking that this might be the end
of bitcoin since it is really just too low if we do consider on whats the ATH and it do ends up on dropping that low which even experienced or old timers of this market will really panic if this time happens.
Some might be still considering on buying up on these prices since its pretty cheap but as long the price wont really go to zero then there's always the probability of recovery
or huge pump ups and this is where those buyers been hoping for for it to happen.

Won't lie, will be feeling not-so-mild panic. But I've held on when BTC dropped below $4k and I do remember feeling pretty panicky, but that didn't last long. Of course, that was "only" a 80% dip from ATH... would be a different feeling holding at $1k after seeing $67k!

That said, I'd be really confident of a terrific bounce up if we do touch 1000!

What you say is right, and price higher than the previous ATH is a good selling point for users who have invested at the bottom. With the cryptomarket none Know when the price drops and when it'll bounce back. Holding is good, but we need to have alternate plans and strategies to define the peak price of bitcoin. There are people who have missed $63k and now holding at $22k.

Only don't sell everything when the price is at an ATH. Remember, in December 2020 the price of Bitcoin went to $22k and it was a new ATH, but it was $40k 3 weeks later, and it was $63k 4 months later. I think those who sold everything once BTC price reached $22k were not  very happy about their decision in later months.

No, not a booming phase but we are still in a recovery phase. Booming phase could be the same as the bull run, therefore the chance for us to drop again is still there. Everything is possible in here so maybe we could hit that 1k soon, who knows? If that happens then ill be buying more coins. It's crazy but there are still people that will panic and think that bitcoin is coming to an end.

If it was a lesson to you every time btc crashes, will that means you never learn and you never buy during the dip? But, it's not too late yet to change that habit. The price may now be at 24k but that was still a good buy. Just think about the return that you will be getting once the bull run returns.

I will first look at the cause of the drop happening. if the price drop is caused by something like fud then i will act quickly to collect bitcoins at such a low price. although I think that possibility is very difficult to accept. because if bitcoin falls to the price of $ 1000 then there must be a very big cause. and the economic problems faced must be a crisis that is already difficult to fix. because even economic crises, pandemics and wars don't make bitcoin fall to that price. so if there is something that can drop the price of btc to $ 1000 then I think it is a cause that can not be taken lightly. But still. if I was able then. then I will buy it if I still see hope in the future.