If bitcoin go down to $2k

[sahil777]

hey folks

what if bitcoin go down to $2k level, what do you think it will be good or bad ?

i think it will be good in few ways, many people can afford to buy a nice amount of btc and can hold them for future because as we know it can not stay at one price, if it goes down it will go high for sure, wether it take time or not, but at every high it will fall and at ever fall it will go high.

any other cryptos will fall ofcourse if bitcoin falls, so we can buy other cryptos on cheaper prices as well, what you think.

[ChunchunmaruGod]

not good in the short-run, but I'd buy like crazy. it's too cheap at that price.

[ZedX]

If it goes there it means we will be experiencing a longer bear market comparing to the other ones, many altcoins that don't have any use cases will be dead which in the long term it can be good for crypto over all.

[nuuuitsjdragon]

Then I'll be regretting all the times I bet a sizeable amount, knowing that it's only worth so much right now at $2,000. 

And if Bitcoin went up, I'll be regretting the opposite anyway... what gives. 🙃

[cryptofly]

It depends how fast it goes down to 2k, if happen.  News around the ecosystem have been very important in order to understand how values are moving.  So, if it comes with a new then this is most because a "gossip" than value, and will be going down so fast that we all barely will time to catch the bottom because this price will go up very fast too.  By the other hand, if the price goes down because of the value of market itself without any new around of it, then this will never be good as buy and sell is setting the price and for some reason everybody would be selling the coin.  

[Romanengo]

I think that yes Bitcoin can drop to 2k but not for long then there will be a sharp jump to at least 4k

[cooLetz]

time to buy btc. if its to dents

[Tamaco]

When Bitcoin reached $3000 this year, I was waiting it to drop on $2000 level then suddenly spike up. 

 

I will still buy some when it reaches that level.

[Portobello]

2k just few months to the halving? I wouldnt bet 1 sat but anything can happen

[Etude]

If Bitcoin price ever drops to as low as $2000 and below that would be a disaster for the cryptocurrency community since it might never get another traction ever again to gain back to the price as it is today or when it peaked at $20,000 back in 2017 even.

[htetaungxx]

If bitcoin go own to 2k again. I will buy that as much as I can and store for the fucture. And I'll be rich.  

[coeghacked]

If that happens then I will be bought and I will save it until the price rises again 😄

[Ali saher]

I don't think this will happen soon but if this possible then I think this is not good for crypto users if 2,3k USD updown this thing not affect even this thing attract to new traders but go down so much this is bad I think

[tae40127]

for me is good and the way to that price is the old people that hold a lot  are sold out then he waiting for the suitable price for collect it again but from the elliot wave that technique show it can be wave 3x soon or 5 in shot time frame  i just guess

[polor12]

if btc goes down to 2k.. that is a must buy.. then the demands will surely go upagain..in a quidkness.. ill buy at 2k and just sit on it.. not even gamble it.. just wait and watch tue price goes up to where i know the amount where it be easy to sell with a good margin of profit.. i never wll sell at cureent prices.. usually go few hundred short from actual price value.. its easy and quick to find buyers for a good amount.. sold  4 biits for 8k  piece when the value at that time was 10.. sold it in the same day.. now im hoping it dopz to 2k..

[KURTAULI]

If the price of bitcoin becomes 2k it will cause panic. All will start selling and bitcoin will become $ 600.  Many miners will also stop . 

[ThomasTV2]

On 12/8/2019 at 11:45 AM, sahil777 said:

$2k level, what do you think it will be good or bad ?

Both. 

Good, because I can buy more. I am a LONG TERM investor. I do not believe in spending BTC or even gambling it. I am waiting for the day when the masses of the world understand its potential for the world! 

Bad, because the media will see it and there will be that one a*shole "I knwe it btc scam coin". We will just have to see 

[htetaungxx]

Hello sahil777,
If bit coin go down to 2k, I will buy them as much as I can for fucture. Because it will be increase like old times when go down to 2k for sure. But that is impossible and will be increase 10k in shot time I think. 

[evet]

Time for buying then, if it goes that cheap. Then hold it until it pumps like crazy again

[DreamStage]

It will be good in terms of an on going investor with alot of investment / trading activities.

For new Investors it doesnt matter at all because you can still buy a portion of the coin, you don't need to exactly buy 1 BTC.

Another good reason is the fact that price would be at such lower value that an immediatly pumped price would make him profit on a bigger margin.

Rather than current price fluctuations atm ofc.

[Devil2020]

predictions about Bitcoin price in the past, and are now predicting that the leading cryptocurrency by market cap will not set a new all-time high in 2020, and will trade no lower than $2,000 but not higher than $15,000 during the new year. More-https://www.newsbtc.com/2019/12/24/bitmex-research-predicts-bitcoin-trading-between-2k-and-15k-in-2020/

[Dp10011]

If one day bitcoin falls so much I don't think I will suffer big losses. Because I don't have the habit of saving cryptocurrencies. I only buy a small fraction just to play at that moment. Right after the end of the game (when I leave with a profit) again I sell everything and I do it constantly.

[tae40127]

If it happen i still same because i alway play and sell it in day and not keep cause i'm not the investor so it will good for investor that is the peak opportunity to collect the cheap  or use eddie word ez money eiei

[Lexus19]

It is very unlikely that this will happen , halving will come very soon and the price simply can not fall, billionaires will not allow it .

[Magdsolieman]

This is the worst imagination I could think of. The price of bitcoin reaches $ 2000 means that many currencies such as Ripple, Digicoin and Litecoin disappear. The currencies we get from the forum will become worthless. Our efforts at work will be much greater than the sums we get, so many Bitcoin fans will disappear. That is why we must always support our cryptocurrency and work with credibility and effort