Random Wide Thought About Bitcoin Dip And The Crypto Bear Market.
I and a fellow Hiver @deraaa who's a good friend of mine, we met here on Hive, I like the love and passion she has toward Hive and producing good and quality content, Now let's go straight into this post properly.
@deraaa and I were having a conversation about the crypto market and the current bear run, how it is affecting our wallets, reducing the value of our money in our portfolios, as will were talking different wide thoughts that have to do with Bitcoin came into our minds.
She asked me a question, which someone else asked her about Bitcoin:
"What if Bitcoin drops to Zero!"
And my reply was that is not going to happen at all, because the only way that is going to be possible for bitcoin price to drop to Zero is for everyone holding BTC to hold a conference meeting and agree to sell off all their Bitcoins at the same timean if not someone would just patiently wait for people to sell then buy is back immediately and become f*cking rich 🤑.
The next wide thought was:
"Guy What if BTC drop to $3", What will you do???
For me, the answer was very simple, and am very much sure many people would do what I thought of, which is to take a loan from the bank or borrow money from someone or somewhere to buy a lot of Bitcoin at that price, I know it not nice to a taking loan or borrowing money to invest in crypto because crypto is majorly a long term game and could take a long time before the huge pump.
This was the best part of our wide thoughts:
"Then what if it bounces from $3 to $75k... Oya... Write those dreams down"
if after I took the loan from the bank to buy a lot of Bitcoin at $3 and the price just explodes to $75k, first off I will first pay off my loan I took from the bank, then buy more coins, after doing proper research on them, then it will be time to take care of myself and family, buy or build a house and cars, buy myself all the nice thing I need that is necessary.
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From $3 to $75k.... 😲
Mehn....that's more than massive, tho we have people who got in at that time and made such massive gains.
I would have loved to buy at $3 but, I don't think that's ever going to happen again.
BTC dropping to zero is very near to impossible just like you've said, we might see a massive dip but not a dip to zero, even if they all have a conference to sell, some still won't go that way if not most.
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Me and you both mate, I would love to buy Bitcoin at $3, but the sad truth is that it won't happen.
Trust me I will be among the people that will not sell instead, I will but from those selling 😜😜
If bitcoin gets to a particular price, I bet a lot of people would find means to buy into the market, would be too good to resist.
Yes dear, nobody would want to miss the opportunity.
I can only picture the face of those who will be laughing at me when if goes to zero or three . And the way they would be hailing me when it goes back up. The irony of life.
Though Its almost impossible.
I can just imagine the face that would first laugh at you then later start hailing you, it will be epic.
Omoh... Do you know that I am wishing deep down that this was true? 😂
Kai. Anyway... We go see something soon... This dip might be a blessing in disguise.
😂😂😂😂😂😂
Dip are always blessings in disguise because you get to buy at a discount price rate. It's only painful if you are caught dip and don't have more money to buy the dip.