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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?
OrdinaryOrdinarily, bitcoin at $500 is a perfect opportunity to buy more bitcoins. But believe me, as humans, many will lose faith in Bitcoin or remain too skeptical to buy. $500 is such a deep fall. Many still won't buy even if bitcoin drops below $500.
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Scraped on 11/04/2025, 06:05:55 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?
Ordinary, bitcoin at $500 is a perfect opportunity to buy more bitcoins, but. But believe me, as humans, many will lose faith in Bitcoin or remain too skeptical to buy. $500 is such a deep fall. Many still won't buy even if bitcoin drops below $500.
Original archived Re: BTC to $500, are you still buying?
Scraped on 11/04/2025, 06:00:33 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?
Ordinary, bitcoin at $500 is a perfect opportunity to buy more bitcoins, but believe me, as humans, many will lose faith in Bitcoin or remain too skeptical to buy. $500 is such a deep fall. Many still won't buy even if bitcoin drops below $500.