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Scraped on 25/04/2025, 07:18:31 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?

Bitcoin is the currency of the future. When its price drops, Those who understand its value try to buy as much as possible. When it recovers, They sell it at a good price. I’m one of those people. If I ever see Bitcoin at $500, I’ll definitely buy. Although that’s highly unlikely because Bitcoin's price is already pumped a lot but if it ever does drop to $500 for any reason, I’ll buy as much as I can and then relax for the long term. The longer I hold, theThe more profit I’ll be able to make easily.
Original archived Re: BTC to $500, are you still buying?
Scraped on 25/04/2025, 07:13:29 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?

Bitcoin is the currency of the future. When its price drops, Those who understand its value try to buy as much as possible. When it recovers, They sell it at a good price. I’m one of those people. If I ever see Bitcoin at $500, I’ll definitely buy. Although that’s highly unlikely because Bitcoin's price is already pumped a lot but if it ever does drop to $500 for any reason, I’ll buy as much as I can and then relax for the long term. The longer I hold, the more profit I’ll be able to make easily.