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Scraped on 18/07/2025, 01:36:42 UTC
If the seeds could be compromised in the future, there would be immediate panic, and BTC could well collapse and even become worthless.

But so many banks and investment funds have invested in bitcoin, I suppose they've verified that this is unlikely impossible.

It also seems obvious that all the people who know BTC will buy if it dumps (and if they have liquidity to do so).

Of course, they have checked itverified very thoroughly, they will notwouldn't easily pour hundreds of billions of dollars in without ensuring that. But that doesn't mean bitcoin can't be hacked or that there won't be any incidents in the future. They are just like us, they don't know what will happen in the future, especially when technology is developing so quickly, and anything can happen.

When the market corrects or dumps due to geopolitical instability, recession, economic crisis…that is an opportunity, but if the drop leads to Bitcoin network crash. That's a different matter, and I don't think people will rush to buy it and only blind investors will buy it. We need to watch closely and carefully because if bitcoin drops to $500, that would be very bad for an asset that is considered digital gold.

Whether a Bitcoin price drop to $500 is an opportunity or the end will depend on the cause and the situation at that time.
Original archived Re: BTC to $500, are you still buying?
Scraped on 18/07/2025, 01:32:17 UTC
If the seeds could be compromised in the future, there would be immediate panic, and BTC could well collapse and even become worthless.

But so many banks and investment funds have invested in bitcoin, I suppose they've verified that this is unlikely impossible.

It also seems obvious that all the people who know BTC will buy if it dumps (and if they have liquidity to do so).

Of course, they have checked it thoroughly, they will not easily pour hundreds of billions of dollars in without ensuring that. But that doesn't mean bitcoin can't be hacked or that there won't be any incidents in the future. They are just like us, they don't know what will happen in the future, especially when technology is developing so quickly, and anything can happen.

When the market corrects or dumps due to geopolitical instability, recession, economic crisis…that is an opportunity, but if the drop leads to Bitcoin network crash. That's a different matter, and I don't think people will rush to buy it and only blind investors will buy it. We need to watch closely and carefully because if bitcoin drops to $500, that would be very bad for an asset that is considered digital gold.

Whether a Bitcoin price drop to $500 is an opportunity or the end will depend on the cause and the situation at that time.