I just want to know how much faith do you guys have in bitcoin...
If bitcoin drops bellow $1000, do you think it will still recover someday?
Firstly, I do not see that happening as bitcoin as gotten past the stage where it just ends up being some pump and dumped currency. However, if we even at all end up seeing $1000, which even makes it worth it the more. We just get to keep on loading up more and waiting for the special day, because whether we all like it or not, bitcoin's adoption is going to be huge and that is what is important to me the most, not the present value.
It is not going to happen but I think that is what many of the new investors want to happen and it is what they are trying to force with the futures market of bitcoin, they are trying to crash the price so then they can buy for cheap and then make the price of bitcoin skyrocket again, but they are finding that suppressing the price of bitcoin is a lot harder than what they thought.