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Basic Questions about Cryptos / If Bitcoin goes to 500 dollars, will you buy it?
« on: April 15, 2025, 07:05:26 PM »
Just a hunch, please: do you think buyers would still be inclined to purchase Bitcoin if it rose to $500 today? It would have two ramifications, in my opinion. First of all, if you take into account individuals who invested $10k, $20k, or even $100k, it probably would have destroyed a lot of people's assets and life savings. Second, it would strengthen people's mistrust of digital currencies because they believe they are unreliable. In that case, would you still purchase it?