If there is a condition that makes people unable to buy bitcoin because there is no money, then under certain conditions, whatever the price of bitcoin in the future, we will continue to see the buying process taking place. Now there are many orders made by people and maybe the price varies quite a bit because people realize that in conditions like this we need to make some efforts to continue buying.

Bitcoin will be the best asset in the long term, so I am sure that no matter what the price is, there will still be buyers. There is no need to worry about this because the process of bitcoin being launched until now, many things have changed people's views on the future of bitcoin itself.

Who does that? bitcoin falling to $500 is same as falling to zero because only few people can say that they bought bitcoin and hodl when the price was less than $500 and how will they feel after seeing their investment rise to $109k and fall back to $500 which is impossible because before bitcoin will fall that low will mean that all the big players in the market have sold all their bitcoins. I think we shouldn't even bring up topics like this because it makes no sense deliberately on what will not happen even if a major chaos happen around the world.

If Bitcoin drops back to $500, I would see it as great opportunity. Lot of big  investors and institutions also enter the market at a time when everyone is selling out of fear. They are applying this strategy for a long time . Bitcoin has seen many falls in its history, and it has returned to a much higher price than before.

It is certainly painful for those who bought it for $10k, $20k or more. But that is also part of investing there is no profit without risk. And this incident may teach more people how important it is to do your own research in any investment.

Finally, I would say someone can distrust digital currencies, but that is not the fault of the technology, but rather the result of a lack of understanding.

So yes, if Bitcoin were $500 today, I would definitely buy it because I see it not as a threat, but as a future opportunity.

Ideal and experienced investors are never afraid to invest in Bitcoin, only weak hands are afraid to invest in Bitcoin and when the price is dumping in the Bitcoin market, they sell Bitcoin. I never believe that Bitcoin will reach $500 (and if it does, I will definitely buy Bitcoin and hold it for a long time). However, such an opportunity naturally arose in late 2022 and early 2023 when the price of Bitcoin touched $15k.
Those who invested in Bitcoin at that time are the most self-sufficient at present, and those who were weak investors sold Bitcoin at that time and the owners of the Bitcoins they sold are regretting it now.

Those who are still holding Bitcoin since 2022 are currently making very good profits, and they will definitely be able to hold Bitcoin for another 10 years in the future, because if they can truly understand the 3-year Bitcoin movement from 2022 to the present, then they will definitely be able to believe in the future possibilities of Bitcoin, because they are now mentally stronger and more mature. And because of this, they will be able to keep their investment for a much longer period.
But, those who sold their Bitcoin at that time, And deprived of current success and now just regretting for it, they should not look at the past, just think about the future possibilities and try to fully utilize the opportunities for future profits. Bitcoin will continue to be valuable over time, but the longer you delay investing in Bitcoin, the more you will fall behindof getting success.

Yes, it will seem catastrophic if it ever dipped to that point. Maybe from this price it's currently at –$84k+, it will be very alarming. However, we shouldn't also forget that Bitcoin has also had several down moments where a lot of investors sold off hurriedly in fear. We saw it get to around $3k after it tested $19k ATH in 2017. It later picked and did above $68k in 2021. So, there will be some that will also harbour that feeling that Bitcoin would pick even if it were to touch $500. I would consider it an opportunity to own a whole Bitcoin if that scenario were to present itself now.

If Bitcoin falls down to 500 dollars then either something has gone horribly wrong or there exists a new, better alternative to Bitcoin which makes Bitcoin itself redundant.

But that is not a very realistic scenario because we have a zillion altcoins now and nobody has been able to create something better than Bitcoin since it was first made public.

Wrong. Bitcoin won't be ranked lower than altcoins once its market cap goes all the way down the drain in an instant. That's because the crypto market is too reliant on BTC. It depends on Bitcoin as some kind of "reserve currency". So if Bitcoin goes down, so will the rest of the other altcoins.

We'll be going back to the "Stone Age" if Bitcoin goes all the way down to $500, though. However, I believe that's very unlikely to happen anytime soon. Bitcoin is already deep into the mainstream, so whales, institutional investment companies, and businesses, won't allow it to go down any further. They will buy large amounts of BTC, propelling its price to the moon. That's the way this works. Saying BTC will go to $500 or even $0, is like saying Gold will become worthless in the long run. Not now, or in another century. Just buy, "hodl", and forget about the rest.

The thing is that the price of Bitcoin has dropped substantially many times, and so far it has came back soaring and getting new all time highs, time and time again.

If for some strange situation the price of Bitcoin goes to $500 I would make sure to buy a bunch of coins, and I'm sure many others would do the same, making the price soar again.

So, in reality, I think it's quite difficult to bring the price of Bitcoin down at that level.

Well for me I will Buy and forget about it. That would be the greatest discount of all time