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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

It's not going to happen to drop the price of bitcoin at $1K that will be a failure to the developer and the investors will lost confidence to support bitcoin. I see a good future of Bitcoin it just need to wait at the right time.

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Quote from: MMysterious on March 08, 2018, 10:28:41 PM

Quote from: mrcash02 on March 08, 2018, 04:01:05 PM

Quote from: peter0425 on March 04, 2018, 09:18:33 PM

Quote from: Fedor07 on March 04, 2018, 11:43:31 AM

Well , in the first place i dont think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop . Like now , bitcoin dropped from $ 19k to to 6000k and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

Yes, everything is possible, but it's not a good signal for Bitcoin. If Bitcoin drops too much it's a clear signal Bitcoin has lost too much strength, demand. Signal that people have left Bitcoin, and when an event like this happens, it's hard to have faith that the currency will rise again.
If BTC drops near $1000 I'm not sure if it would be a golden chance, as the price would probably stagnate and to invest hoping to make profit from the volatility would be very risky. But some people would keep using Bitcoin, not mainly as speculative investment, but as currency (also investing the BTCs in something else, but not expecting profit only from BTC's fluctuations in price).

Right. Bitcoin dropping as low as $1,000 is very worrisome as it probably means that it is dying or under threatened by other altcoins on top.

Sorry sir bitcoin is still popular and day by day people are joining bitcoin so I think do not worry about bitcoin if someone is taking decision for its price so it’s not a big deal its price will be ok after some days but over all its very strong and popular some people think that bitcoin wil be going more down but it’s not true bitcoin is very popular and strong than every crypto and recently some fast food restaurants also accept bitcoin.

etron

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

this question is tantamount to; "if somebody walks backwards will fall" the answer is "yes", and it is unlikely that this crypto market is designed by experts like walking backwards, but walking forward with the bumpy road conditions is certain. and you must be sure that where there is a definite derivative there will be a climb.

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Quote from: mrcash02 on March 08, 2018, 04:01:05 PM

Quote from: peter0425 on March 04, 2018, 09:18:33 PM

Quote from: Fedor07 on March 04, 2018, 11:43:31 AM

Well , in the first place i dont think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop . Like now , bitcoin dropped from $ 19k to to 6000k and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

Yes, everything is possible, but it's not a good signal for Bitcoin. If Bitcoin drops too much it's a clear signal Bitcoin has lost too much strength, demand. Signal that people have left Bitcoin, and when an event like this happens, it's hard to have faith that the currency will rise again.
If BTC drops near $1000 I'm not sure if it would be a golden chance, as the price would probably stagnate and to invest hoping to make profit from the volatility would be very risky. But some people would keep using Bitcoin, not mainly as speculative investment, but as currency (also investing the BTCs in something else, but not expecting profit only from BTC's fluctuations in price).

The reason of why I think that bitcoin at $1000 will be a steal is because that price is not really justified, bitcoin did not had segwit activated, and will probably get the lightning network activated sometime in the future so to me the price needs to be higher not lower so if I were to see bitcoin at that price again I will buy it without even thinking about it.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

In many fluctuation of bitcoin that we've already experience , it's always gave us the reason to give more trust and believe to continuous patronizing and embracing it, because after all the dump happened to it's value there are always a better pumped awaiting. Maybe on the first 2-3 years of it's existence we've experience it's value down to $1000, but in a long run, we all known that for now it is more demanding to people and deeply spreading in many countries all over the world compare to it's first appearance. And it will happen again, I'm pretty sure that there is always a room for it's full recovery.

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Quote from: mrcash02 on March 08, 2018, 04:01:05 PM

Quote from: peter0425 on March 04, 2018, 09:18:33 PM

Quote from: Fedor07 on March 04, 2018, 11:43:31 AM

Well , in the first place i dont think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop . Like now , bitcoin dropped from $ 19k to to 6000k and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

Yes, everything is possible, but it's not a good signal for Bitcoin. If Bitcoin drops too much it's a clear signal Bitcoin has lost too much strength, demand. Signal that people have left Bitcoin, and when an event like this happens, it's hard to have faith that the currency will rise again.
If BTC drops near $1000 I'm not sure if it would be a golden chance, as the price would probably stagnate and to invest hoping to make profit from the volatility would be very risky. But some people would keep using Bitcoin, not mainly as speculative investment, but as currency (also investing the BTCs in something else, but not expecting profit only from BTC's fluctuations in price).

Right. Bitcoin dropping as low as $1,000 is very worrisome as it probably means that it is dying or under threatened by other altcoins on top.

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Quote from: peter0425 on March 04, 2018, 09:18:33 PM

Quote from: Fedor07 on March 04, 2018, 11:43:31 AM

Well , in the first place i dont think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop . Like now , bitcoin dropped from $ 19k to to 6000k and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

Yes, everything is possible, but it's not a good signal for Bitcoin. If Bitcoin drops too much it's a clear signal Bitcoin has lost too much strength, demand. Signal that people have left Bitcoin, and when an event like this happens, it's hard to have faith that the currency will rise again.
If BTC drops near $1000 I'm not sure if it would be a golden chance, as the price would probably stagnate and to invest hoping to make profit from the volatility would be very risky. But some people would keep using Bitcoin, not mainly as speculative investment, but as currency (also investing the BTCs in something else, but not expecting profit only from BTC's fluctuations in price).

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Quote from: gunungkembar on March 02, 2018, 02:26:23 AM

Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

if bitcoin drops until the price returns to the $ 1000 price it is certain I will sell my car to buy bitcoin because it is a very good opportunity to play and earn profit in bitcoin.

First of all I don’t think so bitcoin price will drop because bitcoin price is related with market trade so time it will be high and sometime its price will be low but I don’t think so its price will be drop for ever because bitcoin is fast growing currency in market and now it’s very hard to control bitcoin so we need to be relax about bitcoin price.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

There are many times that bitcoin drop its price but we can see bitcoin is always recover its normal price and still in the number 1 crypto currency in the world that is the sufficient evidence that even bitcoin price decrease sometimes there`s always a time that bitcoin price will rise again and its normal.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

As bitcoin user, we all knows, if bitcoin price decrease continually there`s always time that bitcoin recovered its normal price, don`t be afraid on what will happen. Bitcoin is the most popular digital currency and there are a lot of user and investors so bitcoin is becoming more expensive in the following days.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Come what may and my faith to bitcoin will surely be tested with the lowest price bitcoin will have since it reached 20,000$. I just hope that i can still manage to buy more bitcoin during that time and that i will not be shaken by its low price.

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Quote from: peter0425 on March 04, 2018, 09:18:33 PM

Quote from: Fedor07 on March 04, 2018, 11:43:31 AM

Well , in the first place i dont think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop . Like now , bitcoin dropped from $ 19k to to 6000k and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

But the drop bellow 10k was expected it was obvious that bitcoin at 20k was a big bubble the speed at which it reached that price was impossible and no one predicted the price will get to that point that fast, but going below 1k is simply not possible and even if that happened then many people like us will take the opportunity to buy bitcoin at that price so that price will not last for long.

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Quote from: Fedor07 on March 04, 2018, 11:43:31 AM

Well , in the first place i dont think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop . Like now , bitcoin dropped from $ 19k to to 6000k and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

Well we said that bitcoin will not fall below $10K but it did. And then it falls even deeper at $5K-$6K range. So everything is possible. But I do hope that it won't get as low as $1K though.

But if ever it would happen, then this could be consider as a GOLDEN opportunity once more to stash and accumulate more bitcoin.

And its another work for us to work at that $12K barrier again. We have been in this predicament many times in the past and overcome it. And this mental barrier is no exceptions.

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Well , in the first place i dont think that Bitcoin will fall down so much , its possible to drop to $ 5000k but to drop to 1000$? Small chances for that to happen. But if that's gonna happen , I have no idea if it's gonna recover from that drop , but like I saw until now Bitcoin is always recover after a big drop . Like now , bitcoin dropped from $ 19k to to 6000k and know it's begin to recover really fast , its already raised up to 12k . And my answer to your question is YES , bitcoin could recover from that 1000$

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Quote from: MMysterious on March 03, 2018, 07:12:48 AM

Bitcoin at $1,000 sounds like some kind of a joke. Maybe it happens if something big happens like all large exchanges are hacked and governments will follow by ordering a crackdown. But it looks like governments are starting to embrace bitcoin and its technology brings.

Make no mistake governments are only kind of accepting cryptocurrencies because they think they can get money out of this, and they also think they can manage cryptocurrencies if it comes to that but if bitcoin becomes a threat they are going to ban it, and I think that will eventually happen when they realize the taxes they get from cryptocurrencies are lower than the taxes they lose due to cryptocurrencies.

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Bitcoin at $1,000 sounds like some kind of a joke. Maybe it happens if something big happens like all large exchanges are hacked and governments will follow by ordering a crackdown. But it looks like governments are starting to embrace bitcoin and its technology brings.

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Quote from: colenax on March 03, 2018, 03:21:38 AM

Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

you can see that bitcoin is currently recovering fast enough. this is my belief in bitcoin. bitcoin being the top crypto of all altcoin.
and this month is the month for bitcoin

Yes bitcoin can easily recover but I think if hit the level of $1k, I think it will take more time to bounce back. Since I'm a great believe of bitcoin, I know this thing will not happen, no room for bitcoin to go down on that level expect higher value this year.

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The bitcoin price drop occurs, because some traders dump it and move on to their counter currency called bitcoin cash.

Bitcoin prices have been eroded in recent months. Indeed, its seven-fold rise since the beginning of the year has sparked fears that a price bubble will break. As is known, bitcoin is already worth more than US $ 100 billion.
Meanwhile, Ripple, the third-largest virtual currency of the market capitalization aspect, experienced a sharp decline of 46 percent to nearly 90 cents, before returning to 1.18 dollars. The decline in the value of these virtual currencies is allegedly related to the plan to tighten the rules about cryptocurrency in several countries in Asia.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

There are a lot of factors to consider first on why its price dropped significantly in the market. If the reason is due to a world-wide prohibition to most hegemonic countries, then expect people to lose their faith and shift to a new cryptocurrency. But if the reason is due to a high-supply, low-demand kind then accumulating more bitcoins would be the approach as it may skyrocket once again. It really depends on the situation in the market and it also depends on the current state of bitcoin when it comes to the view of the government on it.

Quote from: btc_angela on February 27, 2018, 01:17:21 AM

Quote from: nelsledma on February 27, 2018, 12:39:18 AM

Quote from: mk4 on February 21, 2018, 10:03:49 PM

It completely depends on the reason of why it crashed. If it's just plain 'ol market volatility, then sure, chances are it will rebound back up in the future. But if it's something like the developers abandoning the project(which is very very unlikely in my opinion) then it might not recover if no one is going to continue to work on the project.

The chances for it rebounding is even huge than it not unless bitcoin has been totally subdues by the government and the press that everyone is just scared of buying into btc but we all know how impossible that can be as bitcoin has gotten past the little man stage to a growing man right now. You have said, it is unlikely, but even if it happens, that would just be a chance for some of us who are believers but came into the show late.

Yeah, I totally agree with you. Governments and banks and social media are factors that can really drove the price to its knees, but for short term effect only. Bitcoin has shown resiliency in the past and will continue to march towards another all-time-highs that's for sure.

But somewhere the long road, there are challenges like I mentioned, we need to brace ourselves and stay calm along the way.

Like you guys said, the decision on acquiring bitcoins primarily lies on the situation happening in the world. If the government of each country prohibits the use of the said cryptocurrency, then expect people to sell their coins thus making its value obsolete.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

you can see that bitcoin is currently recovering fast enough. this is my belief in bitcoin. bitcoin being the top crypto of all altcoin.
and this month is the month for bitcoin

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

I've heard that the greatest crashed of BTC ever is it was down by 90%. This is bad for the people who bought BTC above the 1000 mark, for me I don't care because I started to bought some BTC when it is just 800$. So I have nothing to lose. There is a lot of FUD's that is keep from spreading and if ever you chose to hold even if it goes down at 1000, then you have to be prepared to wait for more months and years before you see the fruit of your investment. Just remember that if you can't afford to lose. Just sell.

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Bitcoin already had in his history dropping his price more than 90% and he recovered from that. So why not, grandfather of cryptocurrencies is still strong

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Quote from: 1Referee on February 26, 2018, 05:03:18 PM

Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

It's a noob thread, that's for sure, but I like how this shows how far we have come in just a matter of, almost two years? It really wasn't all that long ago where people were opening threads asking people what they would do if the price dropped back to the $100 level. Current speculation concerns $1000, and when we're again two years away from this moment, people will ask others what they would do if the price dropped to $10,000 again. Funny thing is that almost everyone has had the chance to buy at $1000 levels, but they considered it too high to buy at, and missed out for that reason. The same will happen with current levels as well, and perhaps even with $100,000 at a later point in the future. Cheesy

In the defense of those that did not bought at 1000 I will say that bitcoin gave them almost no time to adjust, we were close to 1000 at the beginning of the previous year and at the time the ATH was 1200 so people had a reason to think 1000 was too expensive, until it wasn't, and bitcoin pulled a major bull run to the point 10000 dollars now seems low.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

You see, bitcoins are now growing slowly but surely. this is so great for investors because their beliefs of bitcoin will grow again. so what are you thinking right now?

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

if bitcoin drops until the price returns to the $ 1000 price it is certain I will sell my car to buy bitcoin because it is a very good opportunity to play and earn profit in bitcoin.

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Quote from: Naficopa on February 27, 2018, 08:39:27 AM

If the price falls to the level of 1000 $ it means that there is supply and there is no demand. Such a large drop in value would indicate a complete lack of interest in bitcoin. A return to current values would take a lot of time.

The demand may fall but I believe this thing will not happen because the technology of bitcoin is what we really need. Since we are talking about faith here, I agree that if bitcoin falls that hard, he will be having a hard time to go back on a higher level again just like what's happening right now but in long term, I'm pretty sure its still possible to achieve.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

It is depent to the person mate, because some of them has fear and always panic to sell their bitcoin when the price is going down. but for me, I still faith in bitcoin even if the price goes down and reach $1000 I know that it is a temporary only bitcoin currency alwaus recover. just be patient that's a good way to earn a lot of bitcoin so I do not worry about it.

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I've been there when bitcoin fall from $1,000 <---- $800. I have faith to bitcoin but it doesn't its big or small. I'm depending everything with my experience and before that I have a small heart, right now I'm trying to become more serious with everything I had and valuing every satoshi's that I earn. But once again, people should stop thinking about such topics like this.

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Quote from: PalindromemordnilaP on February 26, 2018, 09:43:15 AM

That'll be a very tough test for a HODLer if bitcoin's market value will plummet down to 1K USD. If it is possible, then i will HODL still and wait for the last dip it can get and I am quite sure that I will buy the dip too.

That will be a real test to our patience as holders that kind of crash will be really terrible and I think it is simply impossible something like that were to happen but if it did I will not be surprised that many of those that claimed that they were going to hold no matter what will probably lose their faith at that point and will begin to sell all their bitcoin.

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If the price falls to the level of 1000 $ it means that there is supply and there is no demand. Such a large drop in value would indicate a complete lack of interest in bitcoin. A return to current values would take a lot of time.

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In accordance with the economic principle, when a cryptocurrency rises in price, it means that the quantity of demand for cryptocurrency is greater than the supply (supply)
if we are still patient and waiting, someday the price will rise and we will get a huge profit

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Bitcoin will always come back no matter how hard the situation can be. Imagine the previous crash that sent bitcoin down to 6,000$ that made other people to panic sell their bitcoins and other crypto holdings. But in response, bitcoin rises back to a quick and staggering 11,000$ just a couple of days after that.

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Quote from: Fuhre on February 22, 2018, 02:10:18 AM

Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

yes, of course it will recover because IMO bitcoin is designed so that its price fluctuates. maybe some people would panic if the price fell again below the $ 10,000 figure but I would not panic, why? yes, as I said before its "in fluctuating design" so what should be in the panic. if true will fall in my opinion will not be long, bitcoin will soon improve its performance again and will keep pumping.

Every market obviously fluctuates, but there is a stage a market gets too that we should not even expect some values. I may be wrong, but bitcoin really has gotten past the stage where we should be expecting $1000 as value. If it is to answer the OP's question, nothing will happen. we had still be here and we will still have those who will end up making use of bitcoin for what they totally believe in and that is what would make bitcoin always thrive.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Even if bitcoin drop to $1 I will still be holding! I believe in bitcoin and I know that it is the future of money. I want bitcoin to be adopted all over the world and I pray that the eyes of our leaders should be open in other for them to understand that bitcoin is the future of money and blockchain technology is one of the human achievement. I believe in blockchain technology and I think we should all have hoped on it.

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Quote from: nelsledma on February 27, 2018, 12:39:18 AM

Quote from: mk4 on February 21, 2018, 10:03:49 PM

It completely depends on the reason of why it crashed. If it's just plain 'ol market volatility, then sure, chances are it will rebound back up in the future. But if it's something like the developers abandoning the project(which is very very unlikely in my opinion) then it might not recover if no one is going to continue to work on the project.

The chances for it rebounding is even huge than it not unless bitcoin has been totally subdues by the government and the press that everyone is just scared of buying into btc but we all know how impossible that can be as bitcoin has gotten past the little man stage to a growing man right now. You have said, it is unlikely, but even if it happens, that would just be a chance for some of us who are believers but came into the show late.

Yeah, I totally agree with you. Governments and banks and social media are factors that can really drove the price to its knees, but for short term effect only. Bitcoin has shown resiliency in the past and will continue to march towards another all-time-highs that's for sure.

But somewhere the long road, there are challenges like I mentioned, we need to brace ourselves and stay calm along the way.

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Quote from: mk4 on February 21, 2018, 10:03:49 PM

It completely depends on the reason of why it crashed. If it's just plain 'ol market volatility, then sure, chances are it will rebound back up in the future. But if it's something like the developers abandoning the project(which is very very unlikely in my opinion) then it might not recover if no one is going to continue to work on the project.

The chances for it rebounding is even huge than it not unless bitcoin has been totally subdues by the government and the press that everyone is just scared of buying into btc but we all know how impossible that can be as bitcoin has gotten past the little man stage to a growing man right now. You have said, it is unlikely, but even if it happens, that would just be a chance for some of us who are believers but came into the show late.

1Referee

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

It's a noob thread, that's for sure, but I like how this shows how far we have come in just a matter of, almost two years? It really wasn't all that long ago where people were opening threads asking people what they would do if the price dropped back to the $100 level. Current speculation concerns $1000, and when we're again two years away from this moment, people will ask others what they would do if the price dropped to $10,000 again. Funny thing is that almost everyone has had the chance to buy at $1000 levels, but they considered it too high to buy at, and missed out for that reason. The same will happen with current levels as well, and perhaps even with $100,000 at a later point in the future. Cheesy

coolcoinz

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Quote from: PalindromemordnilaP on February 26, 2018, 09:43:15 AM

That'll be a very tough test for a HODLer if bitcoin's market value will plummet down to 1K USD. If it is possible, then i will HODL still and wait for the last dip it can get and I am quite sure that I will buy the dip too.

You have to realize that there would be much more people like you. People that would hold even if it dropped to 1000 USD. People who sell Bitcoin usually do it to buy more coins cheaper. As long as the technology hasn't failed there's no reason to get rid of it and lose an opportunity to make more money. There are only 2 ways of making money. In a bull run you hold and wait for it to peak, and in a crash you sell and wait for it to bottom to buy more. For a trader it doesn't matter if it's going up or down because they know it's going to reverse at some point.

shellomomma

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Nobody knows if it will rise again or fall. Time will tell. But as what youve said keep the faith in its technology and decentralization.

fulmetal08larz

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If bitcoin's price drops to $1k, it will be like back to the future wherein we'll be able to buy back something that we know someday will be worth it. Bitcoin has the potential to be the financial system of the future, so having some of it is like preparing yourself for the bright future ahead. The digital age we're heading needs the blockchain technology. I believe that it's better to have something you don't need rather than need it but you don't have it.

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Quote from: nightways on February 26, 2018, 12:41:42 AM

Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Firstly, I do not see that happening as bitcoin as gotten past the stage where it just ends up being some pump and dumped currency. However, if we even at all end up seeing $1000, which even makes it worth it the more. We just get to keep on loading up more and waiting for the special day, because whether we all like it or not, bitcoin's adoption is going to be huge and that is what is important to me the most, not the present value.

It is not going to happen but I think that is what many of the new investors want to happen and it is what they are trying to force with the futures market of bitcoin, they are trying to crash the price so then they can buy for cheap and then make the price of bitcoin skyrocket again, but they are finding that suppressing the price of bitcoin is a lot harder than what they thought.

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Quote from: mk4 on February 21, 2018, 10:03:49 PM

It completely depends on the reason of why it crashed. If it's just plain 'ol market volatility, then sure, chances are it will rebound back up in the future. But if it's something like the developers abandoning the project(which is very very unlikely in my opinion) then it might not recover if no one is going to continue to work on the project.

Yes depending on the cause of the crashed. The rise and fall in bitcoin prices is highly dependent on some of the news that comes on cryptocurrency especially bitcoin. Because if it is only caused by some companies that do not use bitcoin as a transaction tool or some country prohibits bitcoin as a means of transaction it trusts some investors that bitcoin will not be worth anymore. Even in situations like this is very wanted by some investors to buy bitcoin because the price is cheap. But if the cause is caused by the system of bitcoin itself it is likely that users will sell and make bitcoin no longer valuable. While today the cause of the decline in bitcoin prices is only caused by some companies and countries, I am still convinced that bitcoin prices will recover again.

coinsniperX

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

I think it will not drops to 1k but if the situation worsens, this time bitcoin may touch even to 3.5k. IMO and it's not good for community and newbies. This time much more people may be punished and maybe they will not ever come back into bitcoin market. Very dramatic situation is now. But I hope that the market will be recovered before the disaster happen.

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

yes bitcoin always recover after the dip and actually it always happened , and indeed that price is so cheap and it is a big opportunity to buy . And for sure there's lot of investor and holders will buy back to hold and will wait until the price rocketed again, so there's a possibility to soar again because of the demand from the holders and investors which is the main reason Also why the price always pumping back after the dump.

PalindromemordnilaP

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That'll be a very tough test for a HODLer if bitcoin's market value will plummet down to 1K USD. If it is possible, then i will HODL still and wait for the last dip it can get and I am quite sure that I will buy the dip too.

nightways

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Firstly, I do not see that happening as bitcoin as gotten past the stage where it just ends up being some pump and dumped currency. However, if we even at all end up seeing $1000, which even makes it worth it the more. We just get to keep on loading up more and waiting for the special day, because whether we all like it or not, bitcoin's adoption is going to be huge and that is what is important to me the most, not the present value.

An0nyMoose

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I'm not sure about the short term but certainly on the longterm BTC will go up to at least 100k, $500k is possible too. Sometimes i hope it goes down more so I can buy more, don't have much fiat left though.

jakelyson

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I have faith in bitcoin but just up to a certain level. I do not think it will drop to that level anymore, but if it does, I think many will lose faith on it. That is why I am preparing for the worst. I have investments on some promising coins out there. It is better to be prepared than sorry when it does happen.

Jating

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

I don't think that bitcoin could possible drop to $1K levels because we have someone to back us up, that is Japan.

Plus, there are a lot of investors, big and small, financial institutions that has so much at stake and I don't think that they will simply allow the price to drop to that kind of levels.

But in any cases, it goes down to even below $1K, I think it can still survived, it might take that long though, but I don't think it will simply die a natural death.

pixie85

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What are you even talking about? For the drop to 1000 all the development that happened in the last 2 years would have to be nullified. Japan and Korea would have to ban Bitcoin, there would have to be no further adoption, millionaires who are heavily invested would have to sell. I just don't see it happening at any point. This is a growing economy with a huge potential that we're talking about here.

Victorycoin

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Quote from: dewi91 on February 24, 2018, 11:51:51 PM

If bitcoin drop below $ 1000 may be a lot of people Will leave bitcoin and the people Will choose alt coin for Investment.. although bitcoin Will recovered but it Will not easy and I think that need a long time for bitcoin to reach on high value again.

That would surely dealt a devastating blow to the psychology of most traders and a good number might want to embark on terminal leave. However, I don't see any of that having half a chance because this is 2018 and the cryptocurrency world have actually moved on since the last time Bitcoin passed that road, These days, there' re obviously a lot more stake holders in Bitcoin than couple of years back, when Bitcoin was still trying to gain acceptance.

eann014

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

No one exactly would know what will happen with bitcoin, well in my opinion before it will hit $1k, I think I already sold my bitcoin because the last time bitcoin drops for about $7k, I already sold it and did not wait for the price to go down more. Grin

Maybe I don't have that strong personality so that I sold it immediately just like that.

dewi91

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If bitcoin drop below $ 1000 may be a lot of people Will leave bitcoin and the people Will choose alt coin for Investment.. although bitcoin Will recovered but it Will not easy and I think that need a long time for bitcoin to reach on high value again.

rizkyhiw

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Did you mean that bitcoin prices fell to under $ 1000?
But I think it will all continue to recover with time. Basically the bitcoin stock is limited to only about 21 million.
The fewer bitcoins and the more people who need them the more they will increase. Even many people predict it will be worth $ 100,000.

PX-Z

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

I don't really think that bitcoin price will drop below $1,000. But if that will happen, then it could be the end of bitcoin and it will continuously dropping until it's price goes to zero. Because it's really a big and serious problem of bitcoin if that scenario will actually happen, and i don't think that it can still recover to its deep. But there's no need to worry about mate, it's impossible to happen, because the population over the bitcoin community continuously growing and more countries are already legalized bitcoin.

Dreamchaser21

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Quote from: Rozita on February 23, 2018, 05:17:28 PM

Even bitcoin price falls to 1000 dollar, why not try my luck?
I will buy bitcoin as much as I can afford. The price won't be below 1000 dollar in long-term.

We all know that bitcoin will not back on that kind of level because this kind of technology deserve so much value. A lot of FUD news but i know bitcoin will just keep on moving forward over years. Yes, everything is possible but you have to be more optimist if you really want to make good profit, I'm here to catch bitcoin at that level hopelessly.

Slow death

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

If bitcoin drops bellow $1000, do you think it will still recover someday?

wait a minute...

tlim tlim tlim

Hello! I speak to "lady know everything"?

Sorry to bother you at these hours "Lady knows everything", I have someone on bitcointalk who would like an prediction, can you help me with this?

he wants to know if the price of bitcoin will recover if drop to $1000

barota

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

yes if bitcoin drop under 1000 usd . it can recover Quickly
But to levels under 8000 for example

Victorycoin

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Quote from: adam1230 on February 22, 2018, 05:29:50 AM

If btc price hit 1000$ i will buy more bitcoins and ethereum.
And i know too many people will buy more and more so this will not happen again.

With the kind of enthusiastic crowd behind Bitcoin, I doubt the price of Bitcoin would ever come close to $1000 before a very strong buying pressure swoops in to mop in all available coins up for sale. I must say that anyone waiting for the price of Bitcoin to fall precipitiously is actually in for the wait of their lives. If in doubt whether to buy more Bitcoin or not, best bet is to simply buy more and more and and steadifasty Hodl.

South Park

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

There are simply too many scenarios, if bitcoin crashed because a flaw was found in the technology then it is very likely it is never going to recover and will eventually reach zero, but if it is a manufactured crash created by the whales or some other entity then the price will recover, we do not know when that could happen but I will take the opportunity to buy bitcoin and wait for that day.

maxamus

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Quote from: Fakhri1907 on February 24, 2018, 12:44:47 AM

Depend on the market. If lots of people buy it, so the price can grow. But i think, every times, more people know about bitcoin because lots of people share about bitcoin to the others

Yes as more supply reduced the value and more demand increases the value hence we cannot predict anything at this moment due to involving of big players penetrating the crypto market.

Fakhri1907

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Depend on the market. If lots of people buy it, so the price can grow. But i think, every times, more people know about bitcoin because lots of people share about bitcoin to the others

Ararbermas

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

absolutely bitcoin always recover after the dip mate 'and besides that $1000 is good to buy and for sure if that times happen more holders will buy and so on the price will increase again because of the demand of supply from the holders. It's just a cycle mate which is when the price reach the all time high value more holders will sell off and after that the value will fall dip again and more holders will buy and hold until it jump back again. So IMO it's impossible that the value will not rise again indeed the recovery of price always happened because there's still some holders keep buying even though the market is very volatile.

Rozita

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Even bitcoin price falls to 1000 dollar, why not try my luck?
I will buy bitcoin as much as I can afford. The price won't be below 1000 dollar in long-term.

Slark

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

If bitcoin drops bellow $1000, do you think it will still recover someday?

1. Why would be the potential reason for bitcoin crashing like that? Because I cannot foresee anything in the future which could bring bitcoin down.
2. If we cannot tell what is the reason of the crash then we can't draw any conclusion about potential recovery.
3. In case we will be hit by global phenomena - which will affect the whole economy and not bitcoin alone - for example - war etc. I doubt that anything could be done...

dothebeats

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Well, I have been here when prices are on sub-$200 and that is after an impressive run from $200-$1200 which no one ever thought that bitcoin could accomplish.

There are lots of investors and institutions already involved in bitcoin, so the chances of it returning to sub-$1000 is kinda far-fetched, though still possible if these moving forces decided to do a massive sell-off. I'd still be in the game, and would wait until a certain direction which the market would go is mapped, then I'd make my initial moves of buying back again.

It is already in the psyche of people investing that bitcoin will not suffer major losses along the way, but for someone who has witnessed the biggest crashes, it is best to be ready at all times since this market is highly (unstable) unpredictable.

Nick Abimanyu

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$ 1000 would probably be the best price i will not waste that price and i will buy bitcoin as much as possible. Because my belief says bitcoin mined today only remaining a few percent only and if the number of bitcoin less, then it is possible the bitcoin price will be more expensive. I think that's the real bitcoin law.

superjeyy

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When I was a newbie, I also had my fears when it comes to Bitcoin's abrupt decline due to it's volatility. It will take a lot of getting used to, but what you always have to put in mind is that Bitcoin will be worth it in the long run. Patience is truly the key here to earn great profits. It's volatility may lead to uncertainty, but do know that Bitcoin always come through, so just hang in there. Better days will come.

aardvark15

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Hard to say with such an extreme drop in price. Remember though that it was around $1000 a year ago, so it is possible. I just think it’s unlikely to happen after almost reaching $20,000. If it did drop that far, it would definitely be a bad sign and such a fluctuation would scare away potential investors and people that are interested in using Bitcoins for business, etc.

Kevin77

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Quote from: creeps on February 22, 2018, 02:25:24 AM

If the reason of that dump are really acceptable I don't think bitcoin can survive, but I still believe that bitcoin will not back on that price and its really impossible because many people will suffer if that things happen. Bitcoin is created for a brighter future and I believe we will on higher level in the coming year, though FUD will still be there but still bitcoin will go higher no matter what.

Acceptable in the sense that the government all over the world started clamping down on bitcoin holders and exchanges, we do not know how we want to use it or we are just totally in a phase of holding dead coins ?

These are some things that we should not even expect by now looking at how things are turning out gradually and we are seeing more progress to make bitcoin turn up than it turning down. Seeing $1000 right now as bitcoin's value would really make me the happiest as I want to buy more, and that is a rare chance anyone can ever get, but in reality, it is a dream I just have to snap out from.

beskid

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If there is no bad news about bitcoin in the near future, then it should drop to the cost of 8500-9500 US dollars for the last time and then go on to a long growth.This will be the last time for purchase before takeoff bitcoin.

iv4n

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Why do you question our faith? Do you have faith in crypto? I don't wait for recover I believe in 100k in next two and a half years. A lot of things is happening around, but of nothing move price so high bitcoin halving will do that for sure, in the middle of 2020. Time is passing fast and I remember last halving, but now bitcoin is more popular and adapted in few countries already. More countries will join in next two years, and if that popularity and demand don't rise price to 100k dollars mark, halving will do that mark my words. Now 2 years seems long, but it will pass do you have time to wait that rise or you will sell your bitcoins for some cheap money? Choice is ours to wait or not.

harizen

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Dropping back to $1,000 means that a serious and major event happened on the way. So serious that most people left the game. Even bitcoin was meant for long term and expected to rise up more in the future, we don't want to start again at the bottom specifically at below $1,000. We also don't know if other altcoins now taking the spotlight and surpass bitcoin because of that massive price crash.

Will it recover? It will depend on community's respond and if somehow we can see some "light" that bitcoin will able to rise on top again.

But above all of that, don't think of that too much. Although it has chances to happened, it's quite hard to think that bitcoin will go back again at that level.

nydiacaskey01

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

It's a long shot for Bitcoin to drop to $1,000 USD or not even close to it, but with FUD, fake news and manipulators like whales, it might happen, however, Bitcoin right now somewhat established its name and purpose which is one of the important factor for Bitcoin to stay afloat. Some alts make come close to replacing it, but Bitcoin is Bitcoin and Bitcoin is King. I'll buy some more to fill my bags of BTC and ETH if ever it happens.

h0lybyte

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It is important to perceive the intention behind irregular rise and fall in bitcoin before you estimate what will happen in future. Many phenomenon can cause downtrend in bitcoin market but in usual situation the downtrend happens when the price reaches a certain score, people will start to sell, in this condition the price is more likely to return after a brief period

LFC_Bitcoin

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I don’t think we’ll ever see a 3 digit USD value for bitcoin again, too many people would probably almost kill to get coins in the low thousands. It’d take something catastrophic to see 3 digit USD vslue for bitcoin & I’m not sure what if anything could cause that.

Samarkand

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Bitcoin will never drop to a level that is as low as 1000 $ / BTC again.

In my opinion the following 2 reasons make a scenario like you describe impossible:

1. The Bitcoin price is dependent on the performance of the paired fiat currency. Just take a
look at the loss of the purchasing power of the $ over the last 100 years and you will see that
even if Bitcoin doesn´t really do anything the BTC/USD price will simply rise, because the $ falls in value.
An asset with a perfect monetary policy can´t really lose against fiat currencies with a terrible
monetary policy.

2. The miners (and other parties) are heavily incentivized to prevent Bitcoin from dropping
below the average cost of mining a single Bitcoin.

You can find the full argument in another thread where I already elaborated this theory of mine:
Why the Bitcoin price is not going to fall below a certain price point

adam1230

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If btc price hit 1000$ i will buy more bitcoins and ethereum.
And i know too many people will buy more and more so this will not happen again.

batang_bitcoin

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

Can't measure it but it comes to the point that I'm trusting it with my future. I do believe that in the near future this will definitely beneficial so in measurement, I have a big faith for bitcoin.

Quote from: Derek86 on February 21, 2018, 09:58:32 PM

If bitcoin drops bellow $1000, do you think it will still recover someday?

The market will drop when it rises so I'm always expecting that there are drops but after that it will recover somehow.

Pursuer

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Where is my ring of blades...

Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

I doesn't matter how much faith I have in bitcoin if it drops to $1000 I will lose it all. and I say it is absolutely impossible for that to happen.
$1000 means that everything so far was meaningless! all the rise, all the buy supports, all the millions of people buying bitcoin were an illusion, all the adoption that took place among merchants, all the records that were broken among them were an illusion.... which simply is not true! as you can see price couldn't be kept below $10k for long and the bottom didn't last that long either.

magneto

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

If the sole reason for the dump was that people offload their coins and think that crypto has no future, and making an irrational decision of dumping off more coins because of that and bitcoin has not intrinsically changed, then yeah, I have full belief in bitcoin making a comeback and increasing to much higher levels when people get out of that mindset.

If BTC drops 90% on any given day, there will be a rebound.

Whether a temporary or long term one, we'll not know until it actually happens. But markets will rebound after a huge price tank like that. If you're holding your coins to prepare for a financial collapse, you should be prepared for these events to happen.

creeps

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If the reason of that dump are really acceptable I don't think bitcoin can survive, but I still believe that bitcoin will not back on that price and its really impossible because many people will suffer if that things happen. Bitcoin is created for a brighter future and I believe we will on higher level in the coming year, though FUD will still be there but still bitcoin will go higher no matter what.

Fuhre

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Quote from: Derek86 on February 21, 2018, 09:58:32 PM

I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

yes, of course it will recover because IMO bitcoin is designed so that its price fluctuates. maybe some people would panic if the price fell again below the $ 10,000 figure but I would not panic, why? yes, as I said before its "in fluctuating design" so what should be in the panic. if true will fall in my opinion will not be long, bitcoin will soon improve its performance again and will keep pumping.

mk4

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It completely depends on the reason of why it crashed. If it's just plain 'ol market volatility, then sure, chances are it will rebound back up in the future. But if it's something like the developers abandoning the project(which is very very unlikely in my opinion) then it might not recover if no one is going to continue to work on the project.

Derek86

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I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

Topic: what will happen (Read 620 times)