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?

There will still be people buying it, and that's the same as when Bitcoin's price hadn't reached this high, and people were wondering whether anyone would still buy it.

Quote from: Olamidetechie on April 10, 2025, 09:02:58 PM

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?

For those who are skeptical, the current price is considered quite expensive and no longer worth buying, but those who believe in Bitcoin would still buy it, right? For those who are skeptical or hate it, there's always a way to say Bitcoin can't be trusted, so just ask them how Bitcoin is now. No matter how much Bitcoin costs, people will still buy it because you can pay in installments according to your capital, even though the price is high.

We used to say it was expensive when Bitcoin was at $20,000-$60,000. Did people stop buying it? Similarly, if Bitcoin reaches $500,000, skeptics and haters will continue to say they don't believe in it. But those who understand Bitcoin will continue to buy based on their financial capabilities. It will never be limited by price, right?