A bias point is a solution, not a choice
The phrase "the diode drops 0.7 volts" is a constant standing in for the root of a transcendental equation. Solved properly, from a five-volt supply through a kilohm, it drops 0.692544 V — and from forty-eight volts through the same kilohm it drops 0.754459 V, because the drop moves about sixty millivolts for every decade of current through it.
rung 1 · semiconductors