$10K BTC on a spike low is always a possibility. I have the cash ready to buy if that happens.
That will upset many of the bitcoin holders here, not because the price is down but because there will be a swarm of bitcoin owners if the price hits your assumption (or even close to it). But the 'usual' dip will revolutionalize the crypto world I assume— as more and more people will enter the realm to harvest the bounty when the price/value is expected to find its pace, around Nov-Dec-Jan, a profitable trade for the short-term traders and a giant leap toward becoming 'invincible' with a stake worth infinity for the futures traders :P
Financial matters always catch me off-guard, and this long post did the same—however, what I could sense from your valuable info is that I must be prepared with whatever I have to catch some fish in this troubled water.
Thank you for highlighting the scenario and giving a hint of what's coming next. :)
The simple thing I always tell people that market doesn't give a flying fuck on what you think, where you bought, if you hold or trade. Market doesn't care if you live or die. Market doesn't know if you even exist.
If you fight the market there is one outcome. You will loose. It will be swift and efficient. Its ruthless and relentless. There is no escaping the market. It will do what it want to do, you can sink or you can swim, its upto you.
That's right— either you hop on the train before it leaves the station or wait for the next; it's up to you. But the thing is, your choice makes a huge difference, if you buy a ticket for the first-class, you get top-notch service in return and the same goes for economy or business classes.
Also, purchasing a ticket for the first class may not serve as per your expectation as the road is considerably longer and can get bumpy anytime. So, don't get used to the single route, plan out some alternatives while you travel.
So, the moral of the story is be rich and most of the problems goes away.