If Bitcoin goes to 500 dollars, will you buy it?

[Z-crypt]

Firstly, i don’t think this scenario can happen again, gone are the days when there was 80% BTC fallout but if this happens again, there’s definitely a catastrophic event happening.
However, it would be an opportunity to buy as much as possible because who doesn’t want to be a BTC whale ?

[Royal Cap]

In fact, if Bitcoin accidentally drops to $500, the entire market will be shocked. Because many people will wake up in the morning and see that their accounts have a red light. In such a situation, people will stop trusting cryptocurrency. They will start considering it a scam and personally  I will feel very hesitant to invest in it in that situation. People need trust for the sake of modesty. If it drops to $500 people will lose trust.

[jeraldskie11]

Just a hunch, please: do you think buyers would still be inclined to purchase Bitcoin if it rose to $500 today?

Maybe you mean if it dropped to $500.

Although it's highly unlikely, let's assume that it actually happened. One thing I will look at is what could have been the reason it dropped and lost over 99% of its previous value. If there was an exploitor if there was a more powerful that could outperform Bitcoin's POW, then maybe it's not worth buying anymore even at $500.

Personally, I will buy Bitcoin when it dropped to $500 if I have money. Because nothing in this world can overcome Bitcoin. ETH is the very near candidate for that. Eth already made it's name, their project had develop a lot and still second to Bitcoin. So I don't there is a coin that can outperform Bitcoin, it must surpass top alts consecutively until it reaches top 2 to be consider as the rival of Bitcoin.

[albon]

Firstly, i don’t think this scenario can happen again, gone are the days when there was 80% BTC fallout but if this happens again, there’s definitely a catastrophic event happening.
However, it would be an opportunity to buy as much as possible because who doesn’t want to be a BTC whale ?

Such a catastrophic event will never happen because Bitcoin popularity is at its peak, so you can't expect this price even if you wanted to. Moreover, if Bitcoin drops to this price then within a few seconds the line of people buying will increase, which will cause it to return to a higher price within a few minutes. Because the future supply of Bitcoin is uniquely fixed, its price increases when its purchasing and investing institutions increase. So take advantage of the opportunity whenever you get it and make everything from buying to selling and profiting your own consciousness.

[MainIbem]

Well if it dropped to that level then for sure it might be that there are no value already. Meaning it's has lost it's thing being as a store of value or money itself. Maybe I would buy and hope that one day it will go up as it will just be a reset. So it's a gamble that I'm willing to take a risk. Maybe that will be the time that we will have 1 Bitcoin or even more in our wallet.  . But to counter the argument, I do not think that Bitcoin is going to fall this low, it's too big already.

You're right, if Bitcoin I don't think Bitcoin can drop to that point, infact I'll be very suprised if it drops to that point based on the ATH it's attained, infact I'll even be scared of buying it at $500 cause it would mean that it's lost it's value, maybe I'll focus my attention on other projects like ETH, SOL or BNB, the only thing that would make it buy if it dips to that point is the potential it's shown in the past and I'll see that as an opportunity to own as much Bitcoin as possible with hope that it would become great again in the future, images buying Bitcoin if it dips to $500 and it pumps back to even $20k after few years, that's lots of cash for the future.

[SPOON_MOJO]

Actually if bitcoin goes to 500$, then no one want to buy this coin. because it is the coin that everyone trust. if it goes down to 500$ then maybe the whole crypto market will be die.
It's my personal opinion.

[JoyMarsha]

It will be a catastrophic scenario all over the globe if we find Bitcoin to be $500. Many people would find Bitcoin to be a joke. The media and government would strongly ride on with the claim that Bitcoin is a ponzi scheme that gives its investors a loss of investment after trusting it for a long. No need for people to go on trusting it because it isn't worth to be trusting on

[Z-tight]

Actually if bitcoin goes to 500$, then no one want to buy this coin. because it is the coin that everyone trust. if it goes down to 500$ then maybe the whole crypto market will be die.
It's my personal opinion.

That kind of crash will wipe out the entire crypto market, nothing will survive, but the good thing is that it would not happen. However, in the unlikely scenario that it does, it will surely be due to a catastrophic world event, and everything else will also be wiped out and collapse too.

[debra]

Some people must have started to doubt BTC, but others must have started to think that it was the best time to buy Bitcoin, because we all know that Bitcoin will not always go to that point... and many believe that the price will bounce back... meaning, there will be people who try to speculate even wilder when the BTC price touches $500... besides its potential to get profits of up to hundreds of percent, they will be stubborn to do that on the grounds of having unused money... so it will be difficult to ban it....

$500 must be the price where there is massive rejection globally... and from the very limited total supply of BTC, fans will be happy to buy it for collection only, with no intention of making it an investment instrument... BTC will still sell on the market

Yeah, it is normal that some people feel doubtful but other people feel optimistic to buy Bitcoin. Sure, Bitcoin will never always raise its price, there should be the time for the decline. However, this is the chance to take profits because Bitcoin price has 2 different direction of its price. True, when the price $500, there will be a big doubt from all investors around the world.

[Faisal2202]

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?

That's a very good question and if we see it from different angles likes adoption, mined btc, in circulation, holder over 1 year, etc. etc. I don't think if it will ever drop to 500$ because this price tag is very small even eth won't dip that much because eth is now a big project and adoption is not that much as of BTC but still I think ETH can't event dump to this point then how BTC could.

Secondly, there are people who invested billion and millions in BTC and all of sudden if BTC go to zero its not like they won't see it coming because they are experts they know the market better than us therefore they will be out already dumping the market more only small investors who have married this coin will stick to it.

[albon]

Actually if bitcoin goes to 500$, then no one want to buy this coin. because it is the coin that everyone trust. if it goes down to 500$ then maybe the whole crypto market will be die.
It's my personal opinion.

The crypto market will never die but many coins will come and die again, but the dominance of the top coin will always be good. If the price of Bitcoin drops, people will rush to buy Bitcoin. Whenever the buying pressure increases the price will hit a record high because there is no room for Bitcoin supply to increase. You can dream long term in the crypto market because in the future its popularity will spread to all countries. There is no way to stop the crypto market.

[Alone055]

Actually if bitcoin goes to 500$, then no one want to buy this coin. because it is the coin that everyone trust. if it goes down to 500$ then maybe the whole crypto market will be die.
It's my personal opinion.

The market might not die, but as you mentioned, it will break the trust of those who are already invested in it; something like that might bring in new investors and traders to the market. As I said earlier as well, there will always be people willing to trade an asset as long as it's available for them and if they have the idea that the asset can make them profit over time. Buying Bitcoin at $500 could give people 20x returns if it manages to go to even $10k after that, and if people check its history, they might get tempted to buy.

That being said, the current investors will mostly give up because they must have lost a lot of money by then if they didn't sell because they thought Bitcoin was going to recover, and they weren't going to lose money. It's going to be crazy if some people still hold their coins after it had dropped to $500.

[Report]

I will buy just 1 Bitcoin when Bitcoin reaches 500 dollars as a souvenir.
If it really reaches 500 dollars then I will hold it until it reaches 50,000 dollars.
Don't let us miss the moment when the Bitcoin price drops to 500 dollars because that is something that may not happen, but once it happens then I will not miss the opportunity to buy Bitcoin.

Even if it is impossible for Bitcoin to drop to 500 dollars but my most appropriate choice is to buy the BTC at the right time. This is my best choice.

[bayu7adi]

I will buy just 1 Bitcoin when Bitcoin reaches 500 dollars as a souvenir.
If it really reaches 500 dollars then I will hold it until it reaches 50,000 dollars.

If you wait until it goes back to $50k, then your Bitcoin is no longer a souvenir, it's like you're trying to make money from the price of Bitcoin dropping to 500 dollars... yes that's quite reasonable, considering that getting to $500 is very difficult and even if this scenario really happens, there will be many people who buy Bitcoin at that price, even though it will seem like Bitcoin is nearing its death... but believe me, the limited number makes it very suitable to be collected when the price really drops to almost zero...