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

[Vx1]

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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!

[bitbit97]

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!

Can I parry you comment with the following? Cryptocurrency is still young and there are plenty of people in the world who are not aware of it. There are still many who only heard about crypto. Not many knows current price of Bitcoin. So if Bitcoin drops to $500, there are still a lot of people who dont know what it is, but gladly will listen to part of its story of success, how price went from ATL $$67.81 in 2013 to $500. This story already looks inspiring and voila, you have a demand and first buyers.

[doc]

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!

Can I parry you comment with the following? Cryptocurrency is still young and there are plenty of people in the world who are not aware of it. There are still many who only heard about crypto. Not many knows current price of Bitcoin. So if Bitcoin drops to $500, there are still a lot of people who dont know what it is, but gladly will listen to part of its story of success, how price went from ATL $$67.81 in 2013 to $500. This story already looks inspiring and voila, you have a demand and first buyers.

In my opinion, it is likely because not many people knew about bitcoin at that time, which made people not interested in buying bitcoin when the price was low.
However, bitcoin is now quite popular, and the possibility of bitcoin prices going down will make people enthusiastic about buying and holding bitcoin because they are sure that the price of bitcoin will go up again.

[Legion]

In my opinion, it is likely because not many people knew about bitcoin at that time, which made people not interested in buying bitcoin when the price was low.
However, bitcoin is now quite popular, and the possibility of bitcoin prices going down will make people enthusiastic about buying and holding bitcoin because they are sure that the price of bitcoin will go up again.

I see it from a totally different angle of risk-taking more than knowledge. For people to trust in Bitcoin, they have to have the information about it, however, if they do not understand the volatility of the price they won’t get into it. From the beginning, even sophisticated investors would be unsure if what they were investing in was just a token bubble or the real deal. When many learn about the evidence, there is now a change in paradigm. But that doesn’t mean everyone is to go all out when the price drops. Some are traumatized, some have lost before Virtually all the characters in this book can be said to have lost something at one point in their lives. I propose that even if the stock of knowledge rises, what counts is what I call the psychological preparedness and tactical advantage. Purchasing when the price drops goes beyond information gathering; there is plenty of courage in cases which escalate.

[UNIVERSE]

Can I parry you comment with the following? Cryptocurrency is still young and there are plenty of people in the world who are not aware of it. There are still many who only heard about crypto. Not many knows current price of Bitcoin. So if Bitcoin drops to $500, there are still a lot of people who dont know what it is, but gladly will listen to part of its story of success, how price went from ATL $$67.81 in 2013 to $500. This story already looks inspiring and voila, you have a demand and first buyers.

Sure, you can comment to my post. 
Yes, crypto investment is quite young if we compare with other type of investments such as Gold. However, it is already more than 10 years, I'm sure most people are aware of crypto investment now. Especially for Bitcoin and top altcoins. If Bitcoin suddenly drops to $500, people will assume that this new investment is very risky as they guess. So, they stop their intention to buy Bitcoin.

In 2013, Bitcoin price was probably cheap. Now, it is already achieving $109k. There is too big gap between the price in 2013 and 2025. The price increase significantly because of the higher demand. Since we have higher demand, it is quite impossible that Bitcoin will free fall to $500.

[Stompix]

Can I parry you comment with the following? Cryptocurrency is still young and there are plenty of people in the world who are not aware of it. There are still many who only heard about crypto. Not many knows current price of Bitcoin. So if Bitcoin drops to $500, there are still a lot of people who dont know what it is, but gladly will listen to part of its story of success, how price went from ATL $$67.81 in 2013 to $500.

Success story? Dropping from 100k to 500 will be called a success story?
You realize this means wiping out trillions in profit, sending exchanges and crypto lenders into bankruptcy, making business completely impossible to still function only with crypto as there is simply no value left and much more.

Like it or not wages are still paid in $, with the value going down by 50x the volume and the fees got by those services will also drop by 50x, how will they stay afloat?

Imagine a casino has a high roller that bets 1BTC every week, they fleece him by 10% and they get 10k, now the high roller has only $500 and the casino gets $50, they won't even be able to pay their servers.

[taufik123]

-snip-
In 2013, Bitcoin price was probably cheap. Now, it is already achieving $109k. There is too big gap between the price in 2013 and 2025. The price increase significantly because of the higher demand. Since we have higher demand, it is quite impossible that Bitcoin will free fall to $500.

Only people who look hurt with Bitcoin say that Bitcoin will drop to $500,.
Don't go too far down, dropping to $20k alone Bitcoin won't be possible right now, Bitcoin still wants to reach ATH to $120k in the near future or this year, so the drop will only be a stepping stone to higher prices.

[bitbit97]

Can I parry you comment with the following? Cryptocurrency is still young and there are plenty of people in the world who are not aware of it. There are still many who only heard about crypto. Not many knows current price of Bitcoin. So if Bitcoin drops to $500, there are still a lot of people who dont know what it is, but gladly will listen to part of its story of success, how price went from ATL $$67.81 in 2013 to $500.

Success story? Dropping from 100k to 500 will be called a success story?
You realize this means wiping out trillions in profit, sending exchanges and crypto lenders into bankruptcy, making business completely impossible to still function only with crypto as there is simply no value left and much more.

Like it or not wages are still paid in $, with the value going down by 50x the volume and the fees got by those services will also drop by 50x, how will they stay afloat?

Imagine a casino has a high roller that bets 1BTC every week, they fleece him by 10% and they get 10k, now the high roller has only $500 and the casino gets $50, they won't even be able to pay their servers.

I think you dont get my "part of success story". Not everyone in the world knows, follow or heard about cryptocurrency. These people can be found and they can be told story how Bitcoin made growth from $100 to $500, and if they dont jump in the train now, they will miss chance to earn. I meant that there are people who should not be told about $109k, but should be told about how Bitcoin price multiplies. Kind of what we see now if we look on the graph, weekly price increase of almost 5%, when there are those who have bought at $109k and are still in a loss.

[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

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.

It is certain that we missed the information, when I replied to this post, BTC experienced a fairly good increase, hoping that there would be another increase to reach 100k$ and the peak bullrun event could occur in 2025, but I also have not received any information about what caused BTC to increase this week

[Gurujebs]

]
It is certain that we missed the information, when I replied to this post, BTC experienced a fairly good increase, hoping that there would be another increase to reach 100k$ and the peak bullrun event could occur in 2025, but I also have not received any information about what caused BTC to increase this week

What many people don't know is that Bitcoin will not come down to how we want it. In short term, the price might not be performing well but in the long term, there is good profit that await on tbe other side but then you have to be a patient investor. If you can't be patient with Bitcoin, there is no way you are going to make money from Bitcoin.

It's even funny how we are used to quick profits, only in crypto I see people do that, some people hold onto their stock for many years before they see those profits they wanted badly but here in crypto, we are used to things to be very quick. The mentality need to be change.