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

[bhadz]

While theoretically it won't happen anymore. I have got the chance to watch that $500 for Bitcoin per piece but I didn't buy as much as I can. That is because of having some budget constraints at that time. But maybe if it happens again, I'd be willing to buy a few of it as long as my budget won't be hurtful to my pocket. Who doesn't want that? but when we already have it, we don't want it to move that low.

[DavetJack]

Bitcoin is impossible to change in this way. Because we have seen that Bitcoin is much more expensive than what you said. And even if it ever drops, it is almost impossible for it to drop more than this. If Bitcoin changes like this, there will be no top coins in the cryptocurrency market and people's demand for it will gradually go down. Even if it is a world war or a mystery, it will probably be in that situation or if it really happens, the currency market will be completely wiped out and then no one will have any confidence in Bitcoin assets. And this can only happen in the alert coin, which has been the case so far.

[Fivestar4everMVP]

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?

I have come across this same topic on the other forum one time like that, it's been a weeks I think and I can't even tell who the author of the topic was, but all the same, my opinion will remain the same..

And like I did said on the other post on btt, what ever drove the price of Bitcoin down to $500 have completely killed bitcoin, and I doubt it will be able to ever recover again, and even if this would happen, it will take several years, and I mean, alot of time before people may likely want to gain confidence again to trust the digital asset..

If the price of Bitcoin drops to $500, I am not buying because it's completely dead, what drove the price to $500 will also drive it down to zero for sure, I will rather look for other places to invest because at any point a thing like this happens, it simply means that cryptocurrencies (not just bitcoin) is dead.

[MUGNIA]

If the price is $500, I am personally afraid to buy BTC, where there is a possibility that BTC has experienced a decline and lost confidence in the value of BTC itself, and I personally will slowly leave BTC and return to the initial investment of gold and land, even property, although it is impossible for BTC to drop in price that much, but as we know anything can happen in crypto without us expecting it

[alltalk]

If the price is $500, I am personally afraid to buy BTC, where there is a possibility that BTC has experienced a decline and lost confidence in the value of BTC itself, and I personally will slowly leave BTC and return to the initial investment of gold and land, even property, although it is impossible for BTC to drop in price that much, but as we know anything can happen in crypto without us expecting it

Everyone must be afraid to buy Bitcoin if it really drops to $500. It has experienced a too big free fall, I'm sure most people will leave Bitcoin at that time. I also won't be confident anymore with Bitcoin if it is around $500. However, I think it is something very unlikely to happen because the current ATH is above $100k. There is too large gap between $109k and $500, I can't imagine if it really happens. Considering the great progress of Bitcoin adoption and the price growth during the bullrun season, I'm sure we will never see Bitcoin to be around that price.

[0t3p0t]

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?

Investors will always buy no matter what because this is where they make profit and if you ask me if I would do that then my answer would be it depends on the situation if I have capital then why not? If I don't have extra funds to accumulate then there is no reason for me to buy.

[Vx1]

Why should we assume that something that seems impossible will happen, the price of Bitcoin is now $95,000-$100,000 then assume the price of Bitcoin becomes $500?! Of course this is like a dream, and impossible to happen. Because if this happens, then I am sure that public trust in Bitcoin will be lost. Only certain people in my opinion will continue to buy Bitcoin, namely people whose lives are in cryptocurrency so they understand Bitcoin and the potential that exists for now and in the future.

[taufik123]

Why should we assume that something that seems impossible will happen, the price of Bitcoin is now $95,000-$100,000 then assume the price of Bitcoin becomes $500?! Of course this is like a dream, and impossible to happen. Because if this happens, then I am sure that public trust in Bitcoin will be lost. Only certain people in my opinion will continue to buy Bitcoin, namely people whose lives are in cryptocurrency so they understand Bitcoin and the potential that exists for now and in the future.

Let alone $500, $20k is still impossible at the moment because Bitcoin has not dropped so drastically like that.
$500 is a figure that will never be reached, see how Bitcoin is developing every day.
That keeps bitcoin going strong and more communities believe that Bitcoin is a volatile currency but continues to rise.

Hoping to get down to $500 is very impossible, but if Bitcoin drops to $80-$70k again, I'll buy more.

[Stompix]

Investors will always buy no matter what because this is where they make profit and if you ask me if I would do that then my answer would be it depends on the situation if I have capital then why not? If I don't have extra funds to accumulate then there is no reason for me to buy.

If Bitcoin drops to 500 then the mining reward will be 1/2000 of what is now.
So instead of 900 exahash, the whole network would be protected by only 500 petahash, which means anyone who could buy 1000 S21Hydros worth 7 million at resale price could successfully 51% attack the network.
Would you buy?

[electronicash]

If the price is $500, I am personally afraid to buy BTC, where there is a possibility that BTC has experienced a decline and lost confidence in the value of BTC itself, and I personally will slowly leave BTC and return to the initial investment of gold and land, even property, although it is impossible for BTC to drop in price that much, but as we know anything can happen in crypto without us expecting it

Everyone must be afraid to buy Bitcoin if it really drops to $500. It has experienced a too big free fall, I'm sure most people will leave Bitcoin at that time. I also won't be confident anymore with Bitcoin if it is around $500. However, I think it is something very unlikely to happen because the current ATH is above $100k. There is too large gap between $109k and $500, I can't imagine if it really happens. Considering the great progress of Bitcoin adoption and the price growth during the bullrun season, I'm sure we will never see Bitcoin to be around that price.

i would agree though there really is a huge problem before Bitcoin dumps to $500. it sounds impossible but if it does happen, i would be suspicious of what could have happen and will it happen again after this free fall. thats panicking time that Saylor would go crazy if he hadnt sold.

but then this is just a question in the forum. 97k and then dropped that low, i doubt anyone wouldn't hear any news about what is happening.

[Mr. Magkaisa]

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?

            -    If it is certain that it will really fall by 100% to $500, then it is certain that many people will immediately sell their bitcoin holdings in their wallets. Because of course, what holders will do once they sell now is wait for it to drop by $500 or maybe even just $2000-3000 and they will buy back because for sure there will still be another rally in its price in the market.

But in reality it will not happen, because with each passing year we have not seen anything in the history of the price of bitcoin that its price has really dropped continuously, but instead in each halving cycle there is always a new ATH in its price in the future.

[densus88]

Why should we assume that something that seems impossible will happen, the price of Bitcoin is now $95,000-$100,000 then assume the price of Bitcoin becomes $500?! Of course this is like a dream, and impossible to happen. Because if this happens, then I am sure that public trust in Bitcoin will be lost. Only certain people in my opinion will continue to buy Bitcoin, namely people whose lives are in cryptocurrency so they understand Bitcoin and the potential that exists for now and in the future.

Let alone $500, $20k is still impossible at the moment because Bitcoin has not dropped so drastically like that.
$500 is a figure that will never be reached, see how Bitcoin is developing every day.
That keeps bitcoin going strong and more communities believe that Bitcoin is a volatile currency but continues to rise.

Hoping to get down to $500 is very impossible, but if Bitcoin drops to $80-$70k again, I'll buy more.

bitcoin price is getting stronger now. I agree with you, bitcoin at 4500 is something impossible to happen for the next few years. Moreover, at this time, it is likely that bitcoin will soon reach its ATH.
many big countries support bitcoin, this is what makes the price of bitcoin stronger, especially now it is bullish season

[robelneo]

I'd like to know why it dropped to $500 at almost $100k. There must be a big reason why people will dump Bitcoin, and if the cause is reasonable, like the blockchain has been hacked, although the probability is almost zero, then that's the reason why I will not buy it even for  $1, because it's not secure anymore.

[Hamza2424]

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?

huh, well, bro, it depends, as there are 2 possibilities.

If you are asking generally, where nothing has happened to the market, and Bitcoin is still the king, and everything is smooth, why will Bitcoin fall to 500?

These ifs can only be explained in an alternate timeline. It is never gonna be at 500, so for those who want to buy, it doesn't matter. Those who are not buying now and waiting for a good entry are not going to buy even at the most cheapest price ever, as they will wait for another cheap option, it's not about the market value it' about potential and about the person who is making a decision is he well informed about it or not.

I.e, A person bought BTC at 100k is not gonna lose anything, he is determined about the decision as he knows the market has the potential to hit 200k or even higher. A person lucky bought at 500 and doesn't realize the potential is likely gonna exit at 550 or 600 in greed.

[rby]

If the price is $500, I am personally afraid to buy BTC, where there is a possibility that BTC has experienced a decline and lost confidence in the value of BTC itself, and I personally will slowly leave BTC and return to the initial investment of gold and land, even property, although it is impossible for BTC to drop in price that much, but as we know anything can happen in crypto without us expecting it

Exactly my thoughts. Imagine a coin with the lowest volatility in the crypto market goes from over $90k to $500. That'll be the worst economical disaster in the world because a whole lot of people are going to lose so much fortunes and should something of such nature should happen, you shouldn't expect people to still have faith enough to use their money to invest in Bitcoin again. Well it's almost impossible that such thing will ever happen