Far from possible but let's just say - page 3.

aprilnot

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Quote from: 7deadlyBTCIN on June 26, 2021, 02:10:55 AM

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

I will still buy whatever the situation is. it's a good opportunity, maybe it won't be back like it used to be, but still the price will keep going up. but all of that is just an impossible possibility. let alone to fall to 1$, btc back to the price of 1k alone is a very impossible thing.

sunsilk

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Quote from: 7deadlyBTCIN on June 26, 2021, 02:10:55 AM

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

It's not dead if it has a value of $1. It even started with zero so that's still recognizable as a working cryptocurrency. Although this is very impossible to happen then if I know that there's on it for bitcoin, I'll think of 21 million supply and those lost bitcoins forever.

I'll buy since I've got some savings in my bank and I'll buy as much as I can. I'll have the same belief with bitcoin even if it goes down to $1. If you plan to exit @ $1 and you've bought it at high, you just wasted your money.

Chuky92

copper member

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Although crypto is highly volatile, but let's be realistic, can that really happen? I don't think so.
Bitcoin have come a very long way, it has grown, fallen picked up and grew again, I can't remember it looking dead, not to talk of now that massive adoption has taken place, institutions now buying it, countries adopting it, a lot of people now knowing about it and the list goes on; so to be frank, It can't happen.
Another reason why it can't happen is that, a lot of people have set their target to buy in huge quantities in order to have a higher fighting chance, and that's why, when it dumps and test a certain region, it pumps back again. And since a lot of people have fixed their eyes on it, it won't even dump much before they pack everything.
Lastly, everyone can't just wake up at same time and see Bitcoin at such price, remember we live in different time zones. So even if it happens, I will risk it, because it's worth it, even most of our altcoins, different buy orders have been set, let alone Bitcoin.

Shasha80

sr. member

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Quote from: NewRanger on June 27, 2021, 06:45:25 PM

Quote from: S3300 on June 26, 2021, 11:55:19 AM

I'm willing to risk a thousand dollars on BTC if the price goes down to 1$ because I'm sure the value will bounce back, we often see useless tokens raising due to little hypes and news online so yes its worth the risk but I can't think of anything that can drag BTC back to that price, it's 99% impossible.

thats really hard to realize if bitcoin price goes down to $1 only. Don't we ever see when bitcoin drop to $300? there are alot whales start buying buying as much as they can and for them this is the cheapest price they can get. And now this $3k could worth of around $30k , today based on chain analisys alot of long term buyer accumulate alot their bitcoin. So dont worry with your thousand investment in bitcoin , atleast 1 year you will got huge gains.

People who are pessimistic about the future of Bitcoin do not do proper research and analysis of Bitcoin. How could the price of Bitcoin drop back
to the price of $1, that's a ridiculous prediction. Because I'm even optimistic that Bitcoin is hard to get back below the $20k price, seeing how
strong Bitcoin's support price is. Several times Bitcoin fell below $30k, but recovered very quickly. So collecting Bitcoins we have to do now,
if we really want to get a big income from Bitcoin.

NewRanger

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Quote from: S3300 on June 26, 2021, 11:55:19 AM

I'm willing to risk a thousand dollars on BTC if the price goes down to 1$ because I'm sure the value will bounce back, we often see useless tokens raising due to little hypes and news online so yes its worth the risk but I can't think of anything that can drag BTC back to that price, it's 99% impossible.

thats really hard to realize if bitcoin price goes down to $1 only. Don't we ever see when bitcoin drop to $300? there are alot whales start buying buying as much as they can and for them this is the cheapest price they can get. And now this $3k could worth of around $30k , today based on chain analisys alot of long term buyer accumulate alot their bitcoin. So dont worry with your thousand investment in bitcoin , atleast 1 year you will got huge gains.

jostorres

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Quote from: 7deadlyBTCIN on June 26, 2021, 02:10:55 AM

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

You know what? I have dreamed about such an occurrence more than once!

If ever BTC touches below $100, I will sell every asset I have, and I mean, everything! and will buy BTC for that. That said, whenever and if ever this happens, I will also check the reason why a drop like that happened in the first place.

The most probable reason would be that a technical fault was found in BTC and in that case, even I will hesitate to buy more. Given the kind of robustness we have seen in the mechanism though, I don't think this would ever happen.

If it happened because a massive hack happened or someone crashed the market or anything like that, I will stay true to my words and buy as many BTC as I possibly can.

john_nautica

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Quote from: 7deadlyBTCIN on June 26, 2021, 02:10:55 AM

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realize that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

I cannot really imagine Bitcoin dying, but you got my attention at its being priced at $1. No questions asked, I will buy as much as I can. I am a solid believer that Bitcoin, crypto in general, will continue to be here now. Especially when I saw that even during the beginning of the outbreak of Covid-19 pandemic didn't stop its reign.

S3300

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I'm willing to risk a thousand dollars on BTC if the price goes down to 1$ because I'm sure the value will bounce back, we often see useless tokens raising due to little hypes and news online so yes its worth the risk but I can't think of anything that can drag BTC back to that price, it's 99% impossible.

Fesatmas

sr. member

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You have the right to say with a few illustrations which I think are still quite reasonable if in the future we wake up watching the price of Bitcoin $1. ah, I don't think for long that when it's a non-returning opportunity, everyone should hoard as much Bitcoin as he can to collect more and more. but isn't that bad?
Despite every possibility, there is always a reason that arises. so what made you make this illustration, can you name an example of the result of the Bitcoin price being $1?
when you say that for no simple reason.

Inspiron14

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Quote from: 7deadlyBTCIN on June 26, 2021, 02:10:55 AM

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

you say that BTC will go to $1 when I wake up?, and of course I will sleep again,
because it was just a dream!, remember, the price of Bitcoin will never go down to $1,
unless the internet goes extinct!, and this world ends, no one will could make bitcoin go to $1!

smyslov

sr. member

Activity: 2030

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If the chain is still working I'll buy as much as I can at least I can say that I bought Bitcoin at $1 and who knows miracle happen and Bitcoin started to move up again, but if we are in a present condition I don\t know what will make Bitcoin to go down to $1, even if they lose the number one position, they will not go down to $1.

noorman0

hero member

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[Nope]No hype delivers more than hope

So bitcoin to $1? I'd consider it dead too, but...
If people are buying shitcoins recently for undervalued just hoping their luck will hit at least $1, why not buy up btc that ever hit $60k for $1.

Bitcoin has given me thousands of dollars, it never hurts to spare let's say $100 to be returned to bitcoin as a last tribute, digital collectible or keepsake.

gurunanakji777

full member

Activity: 2184

Merit: 100

SOL.BIOKRIPT.COM

We can only assume such bitcoin value only in dreams if it happens I will definitely buy as much as I can but I know that day will not come because we have a lot of crypto enthusiasts who have trust in Bitcoin. Many crypto pundits many time speaks negatively about the crypto market still people are doing and buying it because they trust cryptos So I won't quit crypto in any condition.

trauchot

member

Activity: 1764

Merit: 10

This will no longer happen, since too many large players are constantly investing in bitcoin when the bitcoin price was even 60k$ and therefore large players will not allow such scenario in which bitcoin will drop to 1$, and so of course it would be interesting to see what would happen to bitcoin and the cryptocurrency market if the price of bitcoin would fall to 1$, but unfortunately or fortunately we will never see this, so we can only dream about such scenario.

husdemba

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Pepemo.vip

First of all, I admire your imagination. This is an impossible thing, but I would be very surprised if it happens. I think I'll invest at least $100. Then I watch the market and even if $100 is lost, I won't be devastated. I think there will be very exciting moments, I am in cash right now and I would like to experience it Grin

Frengki_cisco

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Quote from: 7deadlyBTCIN on June 26, 2021, 02:10:55 AM

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

I will definitely buy-1000 Btc, if the price is $1 when I'm dreaming-don't be afraid to buy-except-the thing I'm most afraid of when I wake up is the internet is gone-the lights are off-that's what I'm afraid of-Bitcoin $1 who's afraid.

TravelMug

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Quote from: 7deadlyBTCIN on June 26, 2021, 02:10:55 AM

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

How can you exit when the price is down to $1.00? It means you have lost everything that you have saved for the last years or so. And if you think that BTC can bounce back again, then the best thing to do is buy more.

But if you think that it will be dead forever, then you have the important decision to take that huge loss and go take your money to other investments platform.

However, I don't think that bitcoin will go simply to $1.00, to be honest. Unless the internet is dead or if we are somewhat in a war or something wherein there is a devastation.

southerngentuk

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Sugars.zone | DatingFi - Earn for Posting

I don't want to be abnormal with silly thoughts, what makes OP think BTC can drop to $1.
We should be honest and see things, this market is now on a different level and it is difficult to destroy it. And more than that, people still accept and apply the benefits it brings to life every day.

GreatArkansas

legendary

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I saw a video on youtube before that there is live trading being recorded and the exchange was still Mt. Gox before, and the price went to $0 in some seconds I think, or around a minute. But it went back again above $1 after some seconds, so if ever it will happen again, I will buy more, it already happened before which before was still very early of Bitcoin and there was only 1 popular exchange which is Mt. Gox.

P.S. I can't find the video on youtube.

isaac_clarke22

sr. member

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Quote from: 7deadlyBTCIN on June 26, 2021, 04:07:56 AM

~

That would depend actually, but for it reaching $1 is quite impossible.
If you're imagining this situation, first of course the panic will happen, but for some hodlers they'll just buy more of course.
I wouldn't mind of that as it is more of opportunity. I wouldn't just commit all my assets to it for obvious reasons.
Imagine all of your assets became worth <$1.

Topic: Far from possible but let's just say - page 3. (Read 475 times)