From my perspective, their's no one can agree that bitcoin will go down to the extent of reducing to the stage that we past over five years, bitcoin price is unpredictable, and it's obvious, for the stage bitcoin has reached I know quite well that bitcoin be appreciating instead of decreasing, and any experience we have of bitcoin decrease is a market correction
For me if price if bitcoin fall to ten thousand [10k] that means that the price cannot resurrect again and that will be the ending of bitcoin existence, because investors will be our of bitcoin investment due to trust will be limited.
Well said, Bitcoin is very volatile with much players (speculators, investors, etc). The likely of Bitcoin dumping is possible same way it pumps.
In essence, I won't say "trust will be limited" if Bitcoin fall to $10k but rather "Fear" would create overreactions were Investors make poor choices. It like a double edge sword, we must be open to the possibilities of uncertainty likewise invest wisely in a promising Asset like Bitcoin. Our concerns shouldn't be all about the pump and Dump, but also how far we are ready to go in our journey with Bitcoin.