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?
We should always expect the unexpected from the market and anything is possible and likely to happened within or around the market, so if the market goes below expected price why not I wouldn't mind buying at the dip to secure some portion of bitcoin for myself. Of course when the market dip to 500$ and it would be a great opportunity for those who doesn't have enough bitcoin in their possessions to acquired more volume of it. Although this would really stirred up many issues within the cryptocurrency market as many people wouldn't mind falling out space and fate due to it's extreme volatility nature, and those who are using it as a reserved funds could likely lose interest as some other countries wouldn't want to
be victim of what others had already experienced.