The market is definitely much stronger than last year. Any significant drop in BTC would heavily impact altcoins as they directly depend on BTC. I agree that a stronger decline would have a major effect on the market.

I want to sell land, a friend of mine is saying that he will buy it even if he sells his blood. But I never think that Bitcoin will reach $500. Only if World War III starts, this can happen. But again, many people are thinking that if World War III happens, it will be with nuclear weapons and then Bitcoin will rule.

Bitcoin is the currency of the future. When its price drops, Those who understand its value try to buy as much as possible. When it recovers, They sell it at a good price. I’m one of those people. If I ever see Bitcoin at $500, I’ll definitely buy. Although that’s highly unlikely because Bitcoin's price is already pumped a lot but if it ever does drop to $500 for any reason, I’ll buy as much as I can and then relax for the long term. The longer I hold, The more profit I’ll be able to make easily.

I think the Bitcoin of the previous years has gone to the head of many people that's why they call such a ridiculous price because ever since I join Bitcoin journey, I never for once experience Bitcoin fall to below $3000, I saw $15k bit immediately that particular week, if went back to $25k. The only thing that can bring Bitcoin price down to $500 is if crypto nodes and networks decide to shut down completely, that is if we are all willing but 99.99% of people will want to remain.

Bitcoin isn't going down to $500, that's not possible, mathematically it's impossible, by manipulation you can't do it because you need to be a central bank to be able to do this and who is going to be on their right sense will prints money just because they want to destroy Bitcoin, that's going to affect the global market at large, everyone will be affect by that crash, few will be the only once interested in Bitcoin at that price because only disaster will be there.

With all of the surging demand from institutional investors, banks, and governments, don't expect Bitcoin to reach such low prices anytime soon. It's already too late for that. The only scenario in which market prices could go all the way down the drain is if a few major centralized exchanges shut down at once. Satoshi dumping his BTC holdings can make matters worse. But I don't see this happening anytime soon.

Rest assured that once BTC goes down, there will be a huge shopping spree from whales all the way down to retail investors. That will effectively push back market prices, making the dip a temporary one. If Gold hasn't gone back to $1k per ounce, what makes you think Bitcoin will go back to $500? I'd keep buying BTC regardless of its market price (DCA). I'm certain it will reach new ATHs in the future. Why wait for lower prices, though? Taking advantage of every dip will allow you to build your way towards generational wealth. See you in Mars.

if btc drops to $500 I think it will still make many people interested in buying it and they will even consider it a good opportunity because of course btc with a limited supply will certainly make people believe that buying btc at a low price will make them profit in the future because of course btc in the future the price will be higher.

and of course I will buy btc if the price drops to $500 even now I am in one of the markets looking to buy btc at a price of $1000 because who knows I might buy it even though it will definitely be difficult if btc falls to $1000. so of course I think if the price of btc drops to $500 it will certainly make people want to buy it. because in my opinion as long as we buy btc with money that is ready to be lost it will certainly make us calm and not afraid of losing. because the wrong person is someone who buys btc with money that is not ready to be lost, one of which is money from a loan.

On the contrary, this crash event may push people away from cryptocurrency.  Bitcoin being the dominant (assuming it is still dominant on its crash) cryptocurrency crashing to more than 99% of its price means cryptocurrency is doom and there is no major supporter for it.  It will unlikely to recover because it is possible that a new financial technology is dominating at that time.  Let us think that once an asset reached its peak there is no path awaits but to go down.  And by that time Bitcoin probably had done its share and is abandoned by the community.


Just for the sake of the possibilities, I will get myself some BTC and hold it whether it will regain its former glory or be forgotten in time.  Whatever happens, at least I will make sure that I will only spend the money I am afford to lose.

Yeah you’re right sir, new millionaires will be made but I personally choose not to even imagine such because just as the first respond made it clear that, whatever drops the price of bitcoin to such a price, then it implies that bitcoin is dead and the pricing dropping to such an incredible price would ruin the lives of most holders.

Now looking at the bright side of the whole incidence of bitcoin falling to such price at this very point with the knowledge of bitcoin we already have then I think it will be a golden opportunity for people to rebuy at a very cheap price and I agree with you that, it will take a very short time for the price to skyrocket because there will be a massive buy alert, causing demand to be greater than supply because everyone would want to buy than sell.

The crash event will eliminate the weak to away from crypto. Only those who have a strong hand will still survive and use the time to buy at a lower price. Bitcoin will still on the top in the market while the altcoin position will be replace by other altcoin that can increase. If Bitcoin really down to $500, that will make those who have money and believe in Bitcoin happy because they can buy many Bitcoins. But I am not sure if Bitcoin will be doom if the price down to $500 because after what we see in the past, Bitcoin will come back with strongly than before.