Buy $20k when bitcoin falls to $1? - page 2.

YuginKadoya

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Quote from: mace15 on July 22, 2018, 09:50:13 AM

Quote from: kojoannan on July 21, 2018, 10:19:29 PM

How do you assume bitcoins is coming to 1$. This is a pure day dreaming because I don't foresee any event that will caused bitcoins to fall even to 100 USD than to talk of 1$.

I do no think bitcoin will go further down low. Its hard to hold bitcoin for 10 years since a lot of things can challenged on bitcoin price and most thinks when it will happen the stop of bitcoin to perform. However, bitcoin will not fall for that price so low since a lot of users who really involved in bitcoin daily.

Actually it can happen, A lot of things can really happen with the price of bitcoin, Unexpected things may come up in the future, And if that $1 price can really happen no one will ever trust it anymore so it is nearly impossible to do so, I really think with that amount of money it is still cheaper to buy bitcoin I really think it will never gonna back down for a while and we might see another bull run, But as I am saying anything is possible on whats gonna happen with bitcoin in the future but making a possible $1 price for bitcoin it will render useless to anybody.

mace15

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Quote from: kojoannan on July 21, 2018, 10:19:29 PM

How do you assume bitcoins is coming to 1$. This is a pure day dreaming because I don't foresee any event that will caused bitcoins to fall even to 100 USD than to talk of 1$.

I do no think bitcoin will go further down low. Its hard to hold bitcoin for 10 years since a lot of things can challenged on bitcoin price and most thinks when it will happen the stop of bitcoin to perform. However, bitcoin will not fall for that price so low since a lot of users who really involved in bitcoin daily.

Shinpako09

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

Don't think of "never recover" or price falling into $1 because at the moment it's impossible to happen. Better don't invest you are kinda negative thinker and seems you can't handle the pressure if ever. You still haven't invested $20k and yet you seem in panic already.

shadowdio

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Nope it's not good idea holding bitcoin for 10 years chances are bitcoin will go zero value, maybe you should wait increase bitcoin at least $2 then you sell your all bitcoins, but this not gonna happen that bitcoin falls to $1. Grin

kojoannan

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How do you assume bitcoins is coming to 1$. This is a pure day dreaming because I don't foresee any event that will caused bitcoins to fall even to 100 USD than to talk of 1$.

entrepmind23

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Quote from: Silberman on July 21, 2018, 05:06:17 PM

Do not bother to even think about it, that is never going to happen, the price is never going to fall to one dollar for each bitcoin, you are just hoping for something impossible if you want to try that strategy you have no option but to invest in icos, many people complain about how it is unfair that the early adopters got those profits but they invested not knowing if they could lose all their money and if you want to make profits like that then you need to take the same risks as they did with new coins.

That would be right. Bitcoin would not go down to as much as $1 given the situation that we are in now. If ever that would happen then, then something might have triggered the sellers so they just took whatever price the buyers are willing to buy and in that situation, price may not be able to recover because bitcoin may have already lost its value. This would be an extreme case and it's less likely to happen.

Quote from: v_Harley on July 21, 2018, 10:27:05 AM

It's a great dream. Do you think the BTC could actually drop to $1? My idea is that if the BTC can go down to $1,000, then I'm going to spend all my money on BTC.

This is the reason why it is impossible at the moment for the price to go down to as much as $1 because many buyers are willing to buy when the price goes lower even if it is still worth thousands.

Bakemat

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

The reason why most of the people today are losing a huge amount their investment is because of bitcoins price that is dumping and they invest while it was at a very high value in the market.

Catmony

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

- Bitcoin is not a bubble and it will not burst to $1
- I will buy 100 BTC even if it hits $100 per coin but I don't think price will ever reach that range
- You don't need to hold for next 10 years, 2-3 years will be enough for bitcoin to recover
- Bitcoin can't fall to 0.00
- Everything because it will never reach $1 so you can't buy bitcoin at first place.

Silberman

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

Do not bother to even think about it, that is never going to happen, the price is never going to fall to one dollar for each bitcoin, you are just hoping for something impossible if you want to try that strategy you have no option but to invest in icos, many people complain about how it is unfair that the early adopters got those profits but they invested not knowing if they could lose all their money and if you want to make profits like that then you need to take the same risks as they did with new coins.

v_Harley

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It's a great dream. Do you think the BTC could actually drop to $1? My idea is that if the BTC can go down to $1,000, then I'm going to spend all my money on BTC.

JMD07

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

I don't think that the whales will allow the price of bitcoin to go lower than $1k as they will lose the control in the market with many investors will take the opportunity to buy bitcoin. Although we are in crypto with lot of surprises who knows if that will gonna happen.

OrangeII

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Quote from: ralle14 on July 20, 2018, 01:22:39 AM

If it falls to $1 it's not a good idea to invest that much because it's chances of going up again is very small and there's probably a better alt to invest on if Bitcoin became worthless. It can go to 0 if it falls to $1 but with the current situation of Bitcoin this won't happen because there's too much money pouring in and more to come with the expected halving on 2020.

well, wait for bitcoin prices to fall up to 1 $ i think is a stupid thing. thinking to wait, and not taking advantage of the conditions that currently exist, is a strange thing. better focus on current prices, and expect higher prices, rather than waiting for things that do not want to happen.

el kaka22

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

$1 is something that must have been caused by a serious news that could probably be leading to the death of bitcoin and in this case bitcoin becoming irrelevant anymore with a huge sell off, so in the case that this is not there, that is a reasonable amount to reach and that is not just by bitcoin bubble getting busted because it is not realistic.

Fortunately bitcoin now showing some stability around $7400 levels which must be a good symptoms for prices to move further positively still we have already gone through the huge correction after the value was inflated last year, and now we have to deal with it, and look forward to a good demand zone.

ralle14

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If it falls to $1 it's not a good idea to invest that much because it's chances of going up again is very small and there's probably a better alt to invest on if Bitcoin became worthless. It can go to 0 if it falls to $1 but with the current situation of Bitcoin this won't happen because there's too much money pouring in and more to come with the expected halving on 2020.

michellee

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Quote from: Hiltohen on July 19, 2018, 03:22:33 AM

Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

I will never invest in bitcoin if its price down to as low as $1. I will out my money I Altcoin. There are many good coins in the market that grows day by day. I can earn lot of money from Altcoin investment. No need to waste my time and money in bitcoin. Drop to $1 means that it is crashed, but question is this why bitcoin would fall to just $1?

I will still invest my money in bitcoin if the price down to $1 because I know that is my chance to buy as much as I can and hold for a long time. but I don't want to use a lot of money and maybe I only want to use for about $1,000 or less so I can use the other money for other things that I need. but I don't think that bitcoin will fall to $1 especially right now, many people know about bitcoin and cryptocurrency and they want to invest their money in any price of bitcoin and they don't want to miss the time to buy bitcoin.

jaocoincrypto18

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

I think it is not good idea anymore to buy bitcoin worth of $20,000 at the price of $1 per coin because if will be looks like the end of Bitcoin and it will be more risky and a gamble that better you invest to other Altcoins or to none crypto currency investments but if you will insist then not $20k but maybe $5k will be much affordable to lose.

player514

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

There is almost no chance Bitcoin will fall to such a low amount. Bitcoin will never reach $1 in its lifetime because there is so much trading that goes with Bitcoin on a daily basis. I think its better to think more optimistically, where Bitcoin prices may constantly increase in price rather than decrease in price. You should instead make realistic goals such as investing in altcoins at that price or investing in Bitcoin right now and waiting for the eventual increase. The thought you have is similar to someone who thinks that Bitcoin is a get rich quick scheme, but it will take a long time for you to profit the amount you think Bitcoin can get you. Also, Bitcoin will most likely never reach 0 dollars.

Hiltohen

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Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

I will never invest in bitcoin if its price down to as low as $1. I will out my money I Altcoin. There are many good coins in the market that grows day by day. I can earn lot of money from Altcoin investment. No need to waste my time and money in bitcoin. Drop to $1 means that it is crashed, but question is this why bitcoin would fall to just $1?

LFC_Bitcoin

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OP is a hypothetical situation but also pointless because bitcoin will never again fall below $1000 let alone to $1.
Too many people have a lot of money invested in bitcoin & miners break even fee is $5000. Bitcoin is highly manipulated & won’t be allowed to fall that low.

wuvdoll

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Quote from: Zin-Zang on July 10, 2018, 09:06:13 PM

Quote from: usuario00021 on July 10, 2018, 08:22:23 PM

Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?

If the Price of Bitcoin Drops to $1 , all asic miners will stop mining it and the network will freeze in a death spiral.
At that point no one will buy it and no one can transfer it since the chain is dead.

Bitcoin costs to maintain the network run in the millions every month in hardware and electricity costs, unless you can maintain the network alone, your plan would fail.

Unlike real gold, if the miners stop mining it, your Bitcoins have no value. Tongue

I really do not even see how that can be a possibility in the first place which makes the OP question vague and unrealistic.

One thing is expecting something and another thing is knowing if it could happen or not, and since the possibility of seeing it happen can only be linked to a death spiral (borrowing your word), then that is not about a bubble popping, it is totally a different cause that must have sent almost everyone trying to sell off as much as possible, but one thing though, who is going to be buying as most of us would just simply be bag holding anyway.

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