Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
As you mentioned i think the consensus here is that if bitcoin prices ever hit that low, people will buy in. Bitcoin has a lot of supporters, no doubt. Even if we only have a few thousand dollars each if we all buy in when the price plummets it'll stabilize the price is little and hopefully make bitcoin recover.
However, your worry is probably in the distant future. I can't even imagine what $1,500 per bitcoin would be like right now, even though we were at that price point around a month and a half ago. Crazy how things go by so quick, it's almost scary. Seems like that $3,000 is new short term ceiling for BTC. I don't think that we're over with this pump yet. In the next few weeks, things will be very interesting. How the UASF goes though will be crucial to whether btc sustains this sort of price or gets dumped. Two chains are probably going to be split as a result, and it's going to be a hassle managing two wallets at once for the same btc.