The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.
QUIT WHAT?
Day-Trading Bitcoin?
Sell-Out and walk away?
Suicide?
You really didn't even define what you mean by 'quit'
I suspect by context you mean, pull-out because of the price drop. I think the HODL morons will stick around well after Bitcoin drops below $400 ( last real solid floor ), the fact is most of these kids have never known anything else, and the lower Bitcoin goes the more likely they can afford to buy it, ...
I never personally saw a 'quit' in Bitcoin, it began in 2009, with engineers mining on their PC's and then went insane with speculators post 2013, I always saw Bitcoin price collapsing, but even at $1 support level there will by hobbyists who keep mining, because it started as a hobby, and it will end as a hobby.
You speculators, tried to make 'invisible shit' tangible and invaluable, and what you ended up is screwing yourselves, thus you all get what your deserve.
For those of us that came in for the technology, and stick around for the technology, we don't give a rat's ass what the price is,
The real question is the exchanges and infrastructure and criminals and pump&dump whores that have built business models around bitcoin, that's a good question, when do they quit? As now they're bleeding, and truly losing money.The average 'little guy' owns 0.05BTC, I don't think that guy needs to quit, hell he can HODL all the way to $1, now if he were smart he would have sold that 0.05BTC(@21k USD), and pocketed the cash and quit long ago, but all the morons didn't come to BITCOIN as investors ( classical ) at $1,000, they came as get-rich-quick speculators, and that always ends in disaster.