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Scraped on 11/04/2025, 04:41:31 UTC
Quote from: Olamidetechie on April 10, 2025, 09:02:58 PM
Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?
ifIf it dumped to that price because something disastrous, then I would reconsider buying, although at that point I will still be inclined to buy regardless, the upside potential is huge.

butBut if it were dumped because market just suddenly become shitty, then I'd buy it instantly without even thinking twice, as I said earlier, the upside potential is too huge for me to not buy bitcoin at that price.

thereThere's always big chance that the price can climb back up again, even going back to $20k is already great. but I don't really believe bitcoin will ever touch $500 again.
Version 1
Scraped on 11/04/2025, 04:16:20 UTC
Quote from: Olamidetechie on April 10, 2025, 09:02:58 PM
Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens,  would  you still  buy it?
if it dumped to that price because something disastrous, then I would reconsider buying, although at that point I will still be inclined to buy regardless, the upside potential is huge.

but if it were dumped because market just suddenly become shitty, then I'd buy it instantly without even thinking twice, as I said earlier, the upside potential is too huge for me to not buyingbuy bitcoin at that price.

there's always big chance that the price can climb back up again, even going back to $20k is already great. but I don't really believe bitcoin will ever touch $500 again.
Original archived Re: BTC to $500, are you still buying?
Scraped on 11/04/2025, 04:11:12 UTC
Quote from: Olamidetechie on April 10, 2025, 09:02:58 PM
Pls don't misunderstand, just an assumption: if Bitcoin were to reach $500 again today, do you think people would still be willing to buy?

In my opinion, it would have two implications. Firstly, it would likely have ruined many people's investments and life savings, considering those who bought in at $10k, $20k, or even $100k.
Secondly, it would reinforce the skepticism of those who don't trust digital currencies due to their perceived unreliability. So, if it happens, would you still buy it?
if it dumped to that price because something disastrous, then I would reconsider buying, although at that point I will still be inclined to buy regardless, the upside potential is huge.

but if it were dumped because market just suddenly become shitty, then I'd buy it instantly without even thinking twice, as I said earlier, the upside potential is too huge for me to not buying bitcoin at that price.

there's always big chance that the price can climb back up again, even going back to $20k is already great. but I don't really believe bitcoin will ever touch $500 again.