Fall of Bitcoin? - page 2. | Bitcointalksearch.org

teddy5145

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Quote from: leex1528 on November 04, 2015, 05:52:10 PM

Just a question here.

So if Bitcoin prices go below a dollar ever, do you think that will be the death of Bitcoin? The reason I ask is a lot of people try faucets/signature campaign or other methods to earn coins. If it was at a dollar, that means you would have to give out a fairly large amount of BTC to get people actually doing it. IE faucets would have to be around .001 per claim to make it even worth it. I don't think the people who run faucets actually will be willing to give that.

Just random thoughts..

Bitcoin will never die, no matter how low the price is

As long as demand exists people would still using bitcoin for every transactions
And actually i would love to buy $1 btc Roll Eyes

Would be a great investment right there Grin

ShetKid

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Quote from: Hazir on November 04, 2015, 07:19:13 PM

Quote from: ShetKid on November 04, 2015, 06:16:43 PM

Kind of a stupid question. Even if the price goes below 1$. Hackers/Anonymous people and a lot of drug dealers would likely still use it. So it will never die. And its also the easiest and quickest way to send money .

I think dollar might die though Tongue

I don't think so, there are more altcoin which are more anonymous that bitcoin and I did not see them being raised to the top of popularity charts by that feature.
Also bitcoin is more private that it is anonymous to begin with.

But bitcoin is much more easily accessible, and known to people than any other altcoin. And its not impossible to remain anonymous with bitcoin. Altcoins might have an edge in some terms, but bitcoin is still used for those purposes these days.

Hazir

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Quote from: ShetKid on November 04, 2015, 06:16:43 PM

Kind of a stupid question. Even if the price goes below 1$. Hackers/Anonymous people and a lot of drug dealers would likely still use it. So it will never die. And its also the easiest and quickest way to send money .

I think dollar might die though Tongue

I don't think so, there are more altcoin which are more anonymous that bitcoin and I did not see them being raised to the top of popularity charts by that feature.
Also bitcoin is more private that it is anonymous to begin with.

ilovealtcoins

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Plus I would hold a few, and use them like they were meant to be used: as a currency.

leex1528

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Quote from: pawel7777 on November 04, 2015, 07:07:28 PM

Quote from: leex1528 on November 04, 2015, 06:52:13 PM

Well not if there are faucets or not, but if there is adoption and spread of the coin or not. My theory is that it would be tough to get people to actually take to Bitcoin when it isn't worth anything and you have to invest your own money.

Just random thoughts by me I guess

If it isn't worth anything what money would people had to invest to get into Bitcoin? Few dollars or cents?
It could work both ways. High price - more people will see it as worthy investment. Low price - people will be more keen to share with others, do giveaways (like in the early days) or just use it as fun currency for tipping, micro-purchases etc.

There are too many factors to know for sure what it will be like if Bitcoin is worth one buck.

I guess I am sort of getting at, if it isn't worth anything. Then people wouldn't invest anything even if it was just a few dollars or cents, thats how people seem to work.

ilovealtcoins

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Let's just say this:

If bitcoin ever did fall, not even to a dollar, just somewhere ~$100, I would buy as many as I could, and so would a lot of people. Never underestimate the power of speculators.

pawel7777

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Quote from: leex1528 on November 04, 2015, 06:52:13 PM

Well not if there are faucets or not, but if there is adoption and spread of the coin or not. My theory is that it would be tough to get people to actually take to Bitcoin when it isn't worth anything and you have to invest your own money.

Just random thoughts by me I guess

If it isn't worth anything what money would people had to invest to get into Bitcoin? Few dollars or cents?
It could work both ways. High price - more people will see it as worthy investment. Low price - people will be more keen to share with others, do giveaways (like in the early days) or just use it as fun currency for tipping, micro-purchases etc.

There are too many factors to know for sure what it will be like if Bitcoin is worth one buck.

leex1528

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Quote from: pawel7777 on November 04, 2015, 06:48:48 PM

Quote from: leex1528 on November 04, 2015, 05:52:10 PM

Just a question here.

So if Bitcoin prices go below a dollar ever, do you think that will be the death of Bitcoin? The reason I ask is a lot of people try faucets/signature campaign or other methods to earn coins. If it was at a dollar, that means you would have to give out a fairly large amount of BTC to get people actually doing it. IE faucets would have to be around .001 per claim to make it even worth it. I don't think the people who run faucets actually will be willing to give that.

Just random thoughts..

Unusual approach. It almost sounds like you define coin's life/death by whether there are faucets or not.
From faucets operator's point of view, all it matters is number of visits, ad revenue, and cost per visitor. So yes they could theoretically be paying 10 Bitcoins per visit, providing those 10 BTC was worth less than a cent and there still was a big enough number of people interested.

As for Bitcoin dying at $1 - depends what you define as "dead". If there are still people who mine it, use it, and are willing to pay even tiny price, then I'd say it would still be alive, only on smaller scale (although price and number of users/txs doesn't have to go in line).

Well not if there are faucets or not, but if there is adoption and spread of the coin or not. My theory is that it would be tough to get people to actually take to Bitcoin when it isn't worth anything and you have to invest your own money.

Just random thoughts by me I guess

pawel7777

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Quote from: leex1528 on November 04, 2015, 05:52:10 PM

Just a question here.

So if Bitcoin prices go below a dollar ever, do you think that will be the death of Bitcoin? The reason I ask is a lot of people try faucets/signature campaign or other methods to earn coins. If it was at a dollar, that means you would have to give out a fairly large amount of BTC to get people actually doing it. IE faucets would have to be around .001 per claim to make it even worth it. I don't think the people who run faucets actually will be willing to give that.

Just random thoughts..

Unusual approach. It almost sounds like you define coin's life/death by whether there are faucets or not.
From faucets operator's point of view, all it matters is number of visits, ad revenue, and cost per visitor. So yes they could theoretically be paying 10 Bitcoins per visit, providing those 10 BTC was worth less than a cent and there still was a big enough number of people interested.

As for Bitcoin dying at $1 - depends what you define as "dead". If there are still people who mine it, use it, and are willing to pay even tiny price, then I'd say it would still be alive, only on smaller scale (although price and number of users/txs doesn't have to go in line).

smiletyson

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IF it goes down to 1$
I will buy at least 10k of it. It won't be dead.

ShetKid

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Quote from: Hugroll on November 04, 2015, 06:29:16 PM

Quote from: countryfree on November 04, 2015, 05:59:57 PM

I think the timing is wrong for such a question. It's going up fast lately, haven't you seen?

BTC will never go down to a dollar. I really mean never, and I mean that if BTC ever goes down to $100, I and many other people I know, would jump at the opportunity and buy so many BTC that it would make the price rise again.

well it was a rollercoaster today it went up like crazy but now it looks like the bubble has popped, price is hovering around 380 currently. Sad

The problem was that price jumped a 100$. So a lot of sell orders were fulfilled. And its impossible to get so many buy orders in just a few hours. So when a lot of happy peeople cashed out, there weren't enough buy orders to fulfil those.

Hugroll

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Quote from: countryfree on November 04, 2015, 05:59:57 PM

I think the timing is wrong for such a question. It's going up fast lately, haven't you seen?

BTC will never go down to a dollar. I really mean never, and I mean that if BTC ever goes down to $100, I and many other people I know, would jump at the opportunity and buy so many BTC that it would make the price rise again.

well it was a rollercoaster today it went up like crazy but now it looks like the bubble has popped, price is hovering around 380 currently. Sad

leex1528

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Quote from: countryfree on November 04, 2015, 06:24:48 PM

Quote from: leex1528 on November 04, 2015, 06:05:02 PM

Quote from: countryfree on November 04, 2015, 05:59:57 PM

I think the timing is wrong for such a question. It's going up fast lately, haven't you seen?

BTC will never go down to a dollar. I really mean never, and I mean that if BTC ever goes down to $100, I and many other people I know, would jump at the opportunity and buy so many BTC that it would make the price rise again.

I am guessing you aren't paying attention to what is happening? It has gone down $100 dollars in the last hour alone and is still going.

I wouldn't say it won't ever go down to that I am also saying it will, I am just curious if it did.

Oh, yeah! Wow! Well, I'm barely checking prices once a week. I did it more often these past few days as there were plenty of action, but this doesn't change anything if what I've written a bit earlier. I'm here for the long run. I don't pay much attention to fast movements.

I am too, All I am trying to get is a hypothetically question and see what people though. But most people don't read posts nowadays and they just assume stuff even though it takes all of 5 seconds to read what I am asking.

Do you think Bitcoin would be dead if it went below 1 dollar:(

countryfree

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Quote from: leex1528 on November 04, 2015, 06:05:02 PM

Quote from: countryfree on November 04, 2015, 05:59:57 PM

I think the timing is wrong for such a question. It's going up fast lately, haven't you seen?

BTC will never go down to a dollar. I really mean never, and I mean that if BTC ever goes down to $100, I and many other people I know, would jump at the opportunity and buy so many BTC that it would make the price rise again.

I am guessing you aren't paying attention to what is happening? It has gone down $100 dollars in the last hour alone and is still going.

I wouldn't say it won't ever go down to that I am also saying it will, I am just curious if it did.

Oh, yeah! Wow! Well, I'm barely checking prices once a week. I did it more often these past few days as there were plenty of action, but this doesn't change anything if what I've written a bit earlier. I'm here for the long run. I don't pay much attention to fast movements.

leex1528

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Quote from: rebuilder on November 04, 2015, 06:14:23 PM

Quote from: leex1528 on November 04, 2015, 05:52:10 PM

Just a question here.

So if Bitcoin prices go below a dollar ever, do you think that will be the death of Bitcoin? The reason I ask is a lot of people try faucets/signature campaign or other methods to earn coins. If it was at a dollar, that means you would have to give out a fairly large amount of BTC to get people actually doing it. IE faucets would have to be around .001 per claim to make it even worth it. I don't think the people who run faucets actually will be willing to give that.

Just random thoughts..

What would be lost if people didn't use faucets or take part in sig campaigns?

Well I honestly thing that is how a lot of people get started on Bitcoin. I am not saying everyone but in general I know that is how I got started

ShetKid

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Kind of a stupid question. Even if the price goes below 1$. Hackers/Anonymous people and a lot of drug dealers would likely still use it. So it will never die. And its also the easiest and quickest way to send money .

I think dollar might die though Tongue

rebuilder

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Quote from: leex1528 on November 04, 2015, 05:52:10 PM

Just a question here.

So if Bitcoin prices go below a dollar ever, do you think that will be the death of Bitcoin? The reason I ask is a lot of people try faucets/signature campaign or other methods to earn coins. If it was at a dollar, that means you would have to give out a fairly large amount of BTC to get people actually doing it. IE faucets would have to be around .001 per claim to make it even worth it. I don't think the people who run faucets actually will be willing to give that.

Just random thoughts..

What would be lost if people didn't use faucets or take part in sig campaigns?

frenulum

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Bitcoin wouldn't go to a dollar without good reason. If Bitcoin ever goes below 100 DOLLARS, there's sure to be something wrong.

leex1528

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Quote from: Shattered on November 04, 2015, 06:09:48 PM

First of all, interesting title name....

I think faucets are a waste of time at todays price of BTC and they would be a waste of time if BTC was <$1
Its all relative price to payout.

Now obviously people who grinded faucets in the early days certainly made some nice returns based off todays price..but those days are long gone.

To be fair, i wasnt involved in BTC in 2009 so im not really sure when the first faucets were active and what the general payouts were back in the day.

I believe they were occasionally giving out 1BTC. That is what sorted prompted this question actually. I just don't see people ever giving them much BTC out so it would be hard to get new people to join is my only point I am making

leex1528

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Quote from: zencomp on November 04, 2015, 06:05:11 PM

Quote from: countryfree on November 04, 2015, 05:59:57 PM

I think the timing is wrong for such a question. It's going up fast lately, haven't you seen?

BTC will never go down to a dollar. I really mean never, and I mean that if BTC ever goes down to $100, I and many other people I know, would jump at the opportunity and buy so many BTC that it would make the price rise again.

you are correct , the price how moved so high in 3 days and in 24 hrs it moved more faster and now it is going down also more faster, in this situation do you think that bitcoin will go below dollar. this question is really useless. just for trolling post dont make useless threads

Please actually read my post, it has nothing to do with me thinking Bitcoin will go down below a dollar. I am asking you if you think IF it did, would it be dead

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