No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000s.
That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.
I find the "If the price drops below X, everyone will buy" argument unconvincing as well.
I heard that too many times during the last bear market.
"Price can't go below
$1,000 $900 $800 $700 $600 $500 $400 $300 because everyone will be buying like crazy!"