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

[Vx1]

~

This is completely an imaginative idea, Bitcoin will not crash to $500, not even like in 2018 when it dropped to $3k, one of the longest bear market in history of Bitcoin.
It is quite obvious that Nothing is safe as far as business are concerned, not even other sectors of the economy is considered safe in my opinion.

We must be careful in every step we take in investing or trading crypto, because every action we take will have risks. There may be people who are happy with the falling price of Bitcoin and immediately buy, but smart people will do further analysis before making a purchase.

[bitbit97]

This is completely an imaginative idea, Bitcoin will not crash to $500, not even like in 2018 when it dropped to $3k, one of the longest bear market in history of Bitcoin.
It is quite obvious that Nothing is safe as far as business are concerned, not even other sectors of the economy is considered safe in my opinion.

And still, even if Bitcoin manages to crash to $500, history shows that it always recovers. I believe that people get involved into cryptocurrency, and in Bitcoin in particular, so deeply, that it is not possible Bitcoin to disappear completely. Since it is impossible for it to disappear, there will always be a demand. If there is demand, price can be speculated. Even if price drops to $500, there always be those who will be ready to buy it with little price increase (at least to try to earn on speculation). Even if price fluctuates between $500 and $500.01, it is still profitable to resell it.

i.e. $500 price does not mean Bitcoin is dead.

[Crwth]

I would still buy it just because of the way it is and how it is made; the essence of it didn't change it to just the price, so it is like going back to the time when it was just around $500, and that's really unbelievable if it happens, but I don't think it will though.

[UNIVERSE]

I would still buy it just because of the way it is and how it is made; the essence of it didn't change it to just the price, so it is like going back to the time when it was just around $500, and that's really unbelievable if it happens, but I don't think it will though.

I'm surprised that you will still buy Bitcoin if it drops to $500. I think there are many things to change if Bitcoin really drops to $500. People may start to doubt about the future of crypto market. If this happens, Bitcoin price may drop again below $100. Even it may be $0,xxx. I agree that it is very unlikely to happen in the future. But if it really happens, I suggest you to think again about keep buying. It will be too risky!