How can they sell large amounts of bitcoin on small and illiquid exchanges? They will never be able to sell their bitcoins nor can they cause the price of bitcoin to drop just because they used an illiquid exchange to sell their bitcoins.

Also, no matter which whale sold bitcoin, whether it was Blackrock or Strategy, it never caused the price to drop that much. For bitcoin to drop to $3k, we need to have something as terrible as a black swan (world war, blockchain vulnerability...) not just a massive sell-off by whales, no whale can have such a big impact on the market.


I don't think that will happen either but if it does, it means no one wants to buy BTC anymore and that's why the price dropped so much. So it would be naive to think that if the price drops to $3k there will be a lot of buyers. No, they will also run away like those who are dumping and cause the price to drop.

It does sound funny, strange and impossible. But let's try to think differently, if Bitcoin's price drops to $3000, it will certainly happen gradually, not overnight or in a short time, because if the decline is in a short time it will be very scary, so it is impossible for anyone to want to buy Bitcoin with market conditions like that.
So it is quite impossible for Bitcoin to reach that price, because big investors or companies that own Bitcoin will maintain the balance of the market because it will also affect the health of their assets.

It does sound funny and strange, but bitcoin dropping into $3k again will never be impossible. We don’t hold any certainty for bitcoin, so even if it’s on the top of its price today, but when volatility hits bitcoin, even the most unexpected price for bitcoin will come into reality.

That’s the realization I gained with this type of market, with this type of investment. Bitcoin could suddenly surge high and skyrocket, but it could also give us the most bearish price we could never imagined.

Think about this and be realistic for a moment: if it had upside potential it wouldn't have dropped to $3k and there's no guarantee it will recover or drop further.

As some have said, we should at least know what caused such a massive collapse. If it's just normal impacts like geopolitics, the economy falling into recession...we can think about buying back. But if the cause is serious like a bitcoin security hole…It's time to reconsider our bitcoin investment.
Every time the price of bitcoin drops 10% or 20%, we rush to find the cause and make thousands of predictions, thousands of doubts...and not many people dare to jump in to buy. So I find it funny that many of us claim that they are excited and will buy if the price drops to $3k.

Bitcoin is trading at $96k, and I don't think anyone is stupid enough to wait for bitcoin to drop to $3k. OP's question is just a hypothetical question about whether we would buy bitcoin if the price dropped to $3k, and it's like many other questions about whether bitcoin will drop to $10k or $500 on the forum. All is just assumption.

I was also not surprised to see many responses saying they would buy without thinking if bitcoin price dropped below $3k. But honestly, I don't believe in those claims because the situation then wouldn't be the same as it is now.

Similar to OP, I also don't see anyone mentioning the prediction of bitcoin price reaching $350k or $500k in this bull season anymore. 

I don't think the price of Bitcoin will fall to $3000. If the price of Bitcoin falls to $3k, people will lose confidence in Bitcoin, investors will panic. Yet if the price ever falls to $3k dollars in Bitcoin I will definitely keep trying to buy as much as possible. However, now let's talk about predictions, many make a lot of predictions but what is absurd, many others say that the price of Bitcoin will be $1 million in 2025, but actually it is very difficult to predict Bitcoin. However, 2025 is not over yet, so we should not lose hope now. But the price of Bitcoin this year is difficult to reach $350k, but $120-150k can be expected.

It is a certainty that Bitcoin is volatile in nature how much it can go down or go up no one can confidently say with guarantee and assurance hence anyone has the liberty to speculate or predict the price of Bitcoin at any point in time perhaps that's another important aspect that makes the whole system very interesting, is it not funny how people make certain predictions that looks unrealistic?  But however it is what it is which of course we can't change it's nature of being a speculative asset, yes if Bitcoin falls to 3k a lot will lose focus but let's consider what could your personal decision rather than what others will do and surely not everyone will lose that confidence.

If you think Bitcoin is manipulated then you will try to give me more insight about Bitcoin being manipulated. Although I know that Bitcoin price can be  influenced by recorgnised persons like the trump who made statement of making Bitcoin a strategic reserved asset and Bitcoin boom. Or Elon musk may influence the price of Bitcoin if he decides to make an open speach to buy Bitcoin, but that is not enough reason to say it is manipulated. Because with time the trend will die and majority who bought Bitcoin because of such statement will panic and sell.
Surely Bitcoin is listed on centralized exchange doesn't make it a centralized currency or being manipulated. What they do is to merge buyers and sellers in exchange p2p who want Bitcoin in exchange for  fiat and fiat in exchange for Bitcoin or any other altcoin. and these has nothing to do with manipulation. Because if I decide to use dex wallet, I may still send coin to someone and recieve fiat without centralized authority knowing.

On the moment that we do able to hit up that $69k ATH then we've been able to dropped with that $15k price point as the max bottom price on which if we do base up on what happened in the past then it will be that hard to believe that we will be dropping below 3k while we had already that hit up that $109k ATH now. If there will be some drops in the bearish market season then we might be seeing $30k-40k-50k, but since we are dealing up with unpredictable space or totally random then we cant be able to draw out some conclusions on when prices will be that hitting. So it will be just that depending on you on how you do made out some adjustments when dealing up with this market and on the actions you are taking basing up or according into your experience. If ever we do hit up 3k then there's something wrong with Bitcoin.

Although there's no assurance about on how this future looks like because there's no guarantee that we would be that fine forever but lets hope that there's none to happen. If this one happens then even into those who are positive towards Bitcoin will definitely be having doubts on taking up such action because it cant be avoided that you will be thinking that there's something wrong with Bitcoin if ever it would be hitting up that low.