No matter how much Bitcoin is priced, there will definitely be people who will buy it because if it is still freely available and can be traded, it is impossible for people to lose interest in buying it. The fiat system does have a much worse problem where inflation continues to weaken fiat in terms of storing value, so people will try to use something that can maintain value in the long term. Bitcoin and gold have been tested on their journey so people have the hope of growing the impact of losing the value of the currency so choosing both is the best way.

The only concern is that we can't buy because the price is getting higher and maybe the limited supply can make bitcoin even rarer in the future. I still believe that whatever the price of bitcoin is, it will remain an option and will continue to find a place for people to buy it.

If btc falls to such a bottom - what would be said about the rest of the market?

For anyone who tries to make a long time investment and have the patience required to sustain holding the coin, then you can also wait to see how far we can go with this recent bullrun, maybe the market will pump more further to all time high as above $200,000 or not, we are going to know between now and the end of the year, as long as we are able to hold and invest wisely, we should not fear or lose hope, because bitcoin got all we required for the needed confidence in cryptocurrency.

$500 is currently impossible, so for me it's very hard to imagine what I'd do in such situation. It's like asking what you'd do if your house burned down. Would you try to rebuild it, or move somewhere else? I can't say because I'd have to know the whole situation surrounding the crash.

You could as well ask if we'd buy $10k bitcoin because such fall is technically possible, while at the same time defying all logic and ending all the bitcoin long term predictions and the well known regression curve.

So, if we were to fall to $10k I probably would not buy because that would mean there's something fundamentally wrong with bitcoin. Either it was hacked, or we found out that Satoshi was really CIA, or whatever... At this point falling below $20k would be very scary as it would literally break the growth curve that bitcoin was painting for the last 15 years.

Yes, I agree.

I think it's reasonable to expect prices going as low as, say, 25% of the ATH. But not lower than that.

That's because there is so much money waiting to be poured over Bitcoin with many sales ready to go if the price is right.

I don't think it can go as far low as $500 from the current price, which recently was an ATH.

There are now many people who think bitcoin ist more valuable than gold in the future. Gold has always been valuable, it is basically just a piece of golden stone and we humans think it has value. What good can you do with gold if you dont have the tools to do it? It is maybe similar with bitcoin, of course, except that it is much easier to trade. The future will be more digital and bitcoin will be more valuable.

Well, let's not look back too much. Today, such a price for Bitcoin seems completely unattainable. Here, it would be necessary to find an entry point in the region of $50k. Then it would be considered luck. I am inclined to this option, but it is unlikely. As I understand it, a major force majeure circumstance would have to happen for the price to fall so much. What could it be? A very good question. A collapse of the global economy? Possibly, but I don't believe it. Although, judging by the latest events in the US, all this no longer seems so illusory.

Gold is valuable not because we think it is valuable but because of its scarcity, use cases and practical applications. Gold is not only used as an investment asset, national reserve but also used as jewelry and in every industry from technology, medicine, food...gold is used everywhere. That is why the world agrees that gold has intrinsic value, unlike speculative assets, whose value comes largely from belief.

Bitcoin investors always talk about Bitcoin surpassing gold one day, it may happen because the future is unpredictable but if assessed fairly and realistically. That will hardly happen.

Before I can answer if I can buy Bitcoin if it dumps to $500 is if I will still believe  that it still has the potentials to skyrocket and beat it's last ATH before the slump. With everything that Bitcoin has achieved over the years in terms of adoption and being a store of value. I will say that it is next to impossible to see such a price again. But if it were ever to happen I won't miss the opportunity twice to buy as much as I can, some people will be skeptical as in it's early days but smart investors will grab as much as they can. People can speculate the downfall and death of Bitcoin as much as they want but it doesn't change facts that Bitcoin is becoming more valuable everyday.