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?
Yes, if it is Bitcoin, I will buy it. If it is any other currency, I will never buy it. I will not buy any other currency right now. As you said, if Bitcoin drops to $500, will I buy it or will I definitely buy it? I will buy it very aggressively. I will buy Bitcoin with all my money, keeping the amount of money I need to survive, and I will sell all the land I have left and buy it with that amount. I know for a fact what the price of Bitcoin may be in the future. If I sell my land today and buy Bitcoin, then maybe 10 years from now I can get 2 to 3 times more than I bought my land.
I like the volatility of Bitcoin very much. Because when the price of Bitcoin decreases, a real investor will take advantage of the decline. For example, during the decline, he will buy it at a low price and hold it for the long term.