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?
I will definitely try to buy more Bitcoins as soon as I get the chance to buy them at a lower price. In that case, if I get the chance to buy Bitcoins at $500, it will be a great opportunity for me. I can only dream of buying Bitcoins at this price, but I don't think it will ever be possible in reality. Even if Bitcoin's price is not $500, if it drops to $1, I will still believe in Bitcoin and buy and hold Bitcoins. I don't believe that Bitcoins are an asset that will ever be scammed. So no matter how much the price of Bitcoins drops, I will never be afraid of investing Bitcoins.