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?
Good that you know bitcoin can not get to such low price. That is never happening again. But if you assume such happened, iteans something bad has happened to bitcoin that will still crash its price further and probably to less than $1. What can make it possible can be destruction of the world in a way that all other assets will become worthless. By the time bitcoin will get to $500, all altcoins would have been dead.