It is impossible that Bitcoin will never reach $500. Because with the demand for Bitcoin worldwide, I don't think it will ever be possible for Bitcoin to fall below $20k again. If magically such an event ever happens and Bitcoin drops to $500, then I will definitely buy Bitcoin and even if I sell any of my valuable assets, I will buy and hold at least 100 Bitcoins. This is just a fantasy, in reality it is never possible. The price of Bitcoin will only get more and more expensive day by day. Dreaming of buying Bitcoin below $20k will only give yourself false assurances.

Absolutely. New investors will surely rush in the market to buy bitcoin and imitate those old investors’ DCA strategy and hold them for long term. Even myself I would not let this opportunity passed without purchasing bitcoin again because no matter how it dropped very low, the chances to skyrocket again would still be highly possible. So I’m definitely buying all over again.

There will still be people buying bitcoin if the price drops to $500 but I don't think they will because they have lost faith in the traditional monetary system and are looking for something more reliable. They buy bitcoin because they are speculating and hoping to get rich quickly from it again.

I don't think many people will believe in bitcoin if it drops to $500. How can they trust a currency that is being dumped and has lost over 90% of its value? If it really had potential and was better than the traditional currency system, it would never have dropped to $500.
Has gold ever lost more than 90% of its value?

It’s a position that would bring a lot of skepticism and caution to the mind of investors. This would lead to people having to ask the reasons why it happened the way it did. Understanding this would greatly determine the decision of an investor either to continue buying or not. Perhaps the whales decides to liquidate and the weak hands joined in to liquidate. If there is nothing wrong with the foundations to the Bitcoin network, I don’t think it would stop me from buying. Perhaps I might take the opportunity to own an entire Bitcoin, maybe 2Bitcoins while watching how the market carries itself.

By saying that they are new investor for sure that they would never think about buying Bitcoin at that point especially if they know the market is experiencing a big crash. So instead of buying it they might have doubts to acquire since their concern is if they could still get a profit since what provably come up on their mind Bitcoin is slowly dying.

But I'm sure that people who deal with Bitcoin for many years and see this kind of situation would provably buy Bitcoin despite of it drop to that $500 far from current value. Since for sure experience traders and holders provably knows that Bitcoin would have great recovery just like what it did for many years past. New investors would not think about that usually they are skeptical and afraid to lose their money.

There are many times that the impossible have turned possible, if you say this is impossible then you will likely be among those people that will overreact to the situation if it unfolds.

I don't believe that anything is impossible in this world of finance, let's have a small discussion about the possibility.

Let's say we get to a point where it is very hard for new money to flow into Bitcoin and things are just stagnant for some time, the only way is to cause panic by powerful people.

Don't forget that there is massive money in chaos and wars, it's why I fear this world the most, trillions are made out of killing people, imagine that, and you saying the leaders around the world can't come together to crash Bitcoin so that they can have upper hand? It is possible.

The price of Bitcoin started off from $0.000 and in that early year that Satoshi created Bitcoin, who even imagine that Bitcoin will have become so successful as it is today, even when I first knew about Bitcoin, I used to think that it will take a very long time for Bitcoin to reach $100k but it didn't take as long as I imagine, so even if Bitcoin gets to $500k today, I will still buy and many people will keep buying because definitely the price will also go above the $500k. What ever factor that made the price to get to $500k will still cause it to reach $1 million and if you don't buy when price is still $500k, you will regret when it gets to $1m.

Of course no one imagined that bitcoin from its lowest price until now could reach $100k, even people who knew bitcoin from the beginning did not expect bitcoin to be like it is now. Moreover, at that time, trust in bitcoin was very low and information was limited. When the price is like it is now, of course many regret not investing earlier.

Well, what OP entered will not go up to $500k, but if for example the price of bitcoin drops to $500, will anyone still want to buy it? This is a question from OP.
Of course, when the current price of bitcoin is $85k and then drops to $500, many people are shocked, especially if it drops in a short time. I myself, if that possibility happens, I will first see what makes bitcoin fall that low, if I have analyzed it and see the potential that it will not drop again, I will definitely buy it again. But what is certain is that seeing the growth of bitcoin as it is now, the possibility of it dropping to a price of $500 is very impossible unless there is an apocalypse on the internet.

For those who have bought at $80k-100k and if suddenly the price of bitcoin drops to $500 they may experience a big loss if they sell it at a low price but if they keep it in the long term it will recover soon because we still have the same assets as we bought at a high price, and if we still have more money it would be better if we bought more at a low price of $500. For example you buy 2 bitcoins only and if bitcoin returns to a price of $80k at least you have made a profit of $159k without waiting for the profit of your initial asset that you bought at the beginning ($80k-$100k) you can sell it all.

I can imagine if bitcoin drops to $500 how many investors buy it and make bitcoin rise again rapidly, but it is also a bit impossible as long as Sathosi does not sell all of his Bitcoin holdings.

Only during other cycles, previous ones, the price would drop up to 93% or so, whereas now, it's 70% or so. And it may decrease as time goes on - so such a price drop is really, really not that close to happening..