If bitcoin dropped to $1, what you do?

elyas772

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Quote from: Bitcoin0816 on August 23, 2016, 08:33:53 PM

If bitcoin price drop to 1$,it must be any reason behind that. like technical problems, attacked on encryption system... etc.so its still risky to buy high amount. but still i will buy 500$ btc for future price increasing.because one day btc system will alive soon again in such types of Case.

that's nice reason, maybe someone will find a biggest bug in bitcoin, then he can decrypt the private key just wait see his bitcoin. so in this case exchanger will close his service. i think if this case come to bitcoin, no people interesting to expose his bitcoin address and no people interesting to buy bitcoin.

delliaerd

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Quote from: JeffBrad12 on August 23, 2016, 06:30:41 PM

Quote from: manselr on August 23, 2016, 12:53:36 PM

This will never happen, but in a theoretical scenario just for fun, I would buy at least 10000 out of it to be able to say that I hold 5 figures in my Bitcoin wallet.

there is no a people say this is will be real, maybe they're not using their eyes to seeing the current situation and the demand for bitcoin. but for the people is wanna spending their money on it, I think there is not a problem for that.

Yeah it is just for funny. For nowadays impossible bitcoin drop in to one dollars each. Because with this popularity bitcoin conquering the Cryptocurrency world.

Bitcoin0816

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If bitcoin price drop to 1$,it must be any reason behind that. like technical problems, attacked on encryption system... etc.so its still risky to buy high amount. but still i will buy 500$ btc for future price increasing.because one day btc system will alive soon again in such types of Case.

goinmerry

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I will kill myself. Cheesy

just kidding. Well it is time to let go when that happens. Just look for another investment. Move on with my life and pretend it didnt happen or just put it in experience to be more careful next time.

JeffBrad12

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Quote from: manselr on August 23, 2016, 12:53:36 PM

This will never happen, but in a theoretical scenario just for fun, I would buy at least 10000 out of it to be able to say that I hold 5 figures in my Bitcoin wallet.

there is no a people say this is will be real, maybe they're not using their eyes to seeing the current situation and the demand for bitcoin. but for the people is wanna spending their money on it, I think there is not a problem for that.

vasrasus

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Will stay and continue somehow it became a hobby then will save every little amount that I might get in bitcoin. Knowing that amount when save time will come it will be more than what we expected.

ZlaiaZaia

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Quote from: 0day on August 23, 2016, 04:11:14 PM

Quote from: manselr on August 23, 2016, 12:53:36 PM

This will never happen, but in a theoretical scenario just for fun, I would buy at least 10000 out of it to be able to say that I hold 5 figures in my Bitcoin wallet.

lol, and just think when the price of it after buy that amount reach to $1000, you will be millionaire, But I do not want the price to go back direction, no matter how much price is now, I will buy bitcoins as much as possible and will like that the price continue to rise.

A lot of people are hoping for a very high rate of bitcoin in the coming months. Maybe it will be so. But it would be better not happen with both bitfinex. And then all will be in vain.

0day

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Quote from: manselr on August 23, 2016, 12:53:36 PM

This will never happen, but in a theoretical scenario just for fun, I would buy at least 10000 out of it to be able to say that I hold 5 figures in my Bitcoin wallet.

lol, and just think when the price of it after buy that amount reach to $1000, you will be millionaire, But I do not want the price to go back direction, no matter how much price is now, I will buy bitcoins as much as possible and will like that the price continue to rise.

sourris01

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Quote from: ?? on ??

Quote from: Monnt on April 15, 2016, 07:09:21 PM

Exactly what the title says.

If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?

I personally would buy more bitcoin.

I turn off my PC and going to zappare!!!

What am I going to do next your money no matter what. I am sure of one thing: if someday, for some reason, I lose everything, then again'll be able to succeed.

reb0rn21

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Never gona happen, and if it would happen I would buy 10 000 BTC be rich or be poor I don`t care
I always bought BTC on big drop and never was in mistake, let the ppl that talk bullshit talk it, you just use clear sense and do what they tell you not Grin

manselr

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This will never happen, but in a theoretical scenario just for fun, I would buy at least 10000 out of it to be able to say that I hold 5 figures in my Bitcoin wallet.

socks435

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Quote from: purebitco on August 23, 2016, 12:18:30 PM

Quote from: BitcoinMuscle on August 22, 2016, 09:36:22 PM

Quote from: MakeMoneyBtc on August 22, 2016, 09:17:06 PM

Quote from: Monnt on April 15, 2016, 07:09:21 PM

Exactly what the title says.

If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?

I personally would buy more bitcoin.

i cant think that this will happen, bitcoin is used by many peoples and i dont think that now it can go that low.

yea, thats true bitcoin will not fall so faster, maybe in future can drop to 1$ but now it is not possible

i hope that you are right, but when it comes to the price i think that nearly anything might be possible with it unfortunately

Unless if all trading site are hack and hackers dump all his hack bitcoins.. we will see the price value will decrease fast if it will happen.. but i hope that those exchange will not hack in the future..

purebitco

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Quote from: BitcoinMuscle on August 22, 2016, 09:36:22 PM

Quote from: MakeMoneyBtc on August 22, 2016, 09:17:06 PM

Quote from: Monnt on April 15, 2016, 07:09:21 PM

Exactly what the title says.

If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?

I personally would buy more bitcoin.

i cant think that this will happen, bitcoin is used by many peoples and i dont think that now it can go that low.

yea, thats true bitcoin will not fall so faster, maybe in future can drop to 1$ but now it is not possible

i hope that you are right, but when it comes to the price i think that nearly anything might be possible with it unfortunately

Doamader

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Quote from: Sweetbtc on August 23, 2016, 08:48:17 AM

Quote from: boyptc on August 22, 2016, 10:38:00 PM

Quote from: madwica on August 22, 2016, 10:33:26 PM

Base on the question i will buy more bitcoin if that would happen but the percentage is 1% to be happen, as we can see the bitcoin is continue to be stronger digital currency and the value is continuous increasing.

Me either I am going to buy a lot of bitcoins if the price of bitcoin is going to fall any time. Because as long as there are users and consumers for sure that small price is going to increase as the demand is going to become higher. Maybe I will just going to use my savings if the price is going to reach the smallest price with that amount of $1.

the fact is that Bitcoin would have a lot of trouble dropping that low. the lower the price drops the more activity that will commence as others buy it up at a lower price, there is an economic function that will find a happy price for any variable commodity and that is the same for bitcoin, the price drops until the general public finds it attractive enough to buy and then it levels out and will even rise above that point, based on the new popularity. BTC can never hit $1 per coin again, that simple

Be sure if bitcoin drops to 1 dollar, even with pump and dump game starts at bitcoin, it will be a sure that the interest around bitcoin will be over, soo investing our savings it will be a nightmare to handle. I would buy around 500 bitcoins and tell to my family about what bitcoin made and bringed to me, and what it were as well it will give an amazing history.

bamboylee

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Quote from: Digital_Lord on August 22, 2016, 09:04:29 AM

Quote from: jak3 on August 22, 2016, 05:13:47 AM

i don't think it will be worth to buy and hold if the price falls upto 1$ because there will no miner avalible in the network who can bear that much loss per block andits totally insane if anyone keep mining at that rate

Then why people buy alcoins and hold them? and altcoins also have miners, but why everybody screaming here so badly.
bitcoin price will never drop to 1$. and if drop by chance then bitcoin will still survive I am sure.

I do not think bitcoin will still survive if it dropped to one dollar. Bitcoin dropping that far just means there is no more support from users, no one is buying it already. Unless the cause of the drop is price manipulation of whales, then it is a different story. If it is just manipulated, then there is a high chance bitcoin will bounce back.

Crazygreek

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It's can't be, but if someday i will see $1 dollar bitcoin, i will be very sad, cause one of my favorite currency is not expencive now, but i will get some for future anyway Wink

Sweetbtc

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Quote from: boyptc on August 22, 2016, 10:38:00 PM

Quote from: madwica on August 22, 2016, 10:33:26 PM

Base on the question i will buy more bitcoin if that would happen but the percentage is 1% to be happen, as we can see the bitcoin is continue to be stronger digital currency and the value is continuous increasing.

Me either I am going to buy a lot of bitcoins if the price of bitcoin is going to fall any time. Because as long as there are users and consumers for sure that small price is going to increase as the demand is going to become higher. Maybe I will just going to use my savings if the price is going to reach the smallest price with that amount of $1.

the fact is that Bitcoin would have a lot of trouble dropping that low. the lower the price drops the more activity that will commence as others buy it up at a lower price, there is an economic function that will find a happy price for any variable commodity and that is the same for bitcoin, the price drops until the general public finds it attractive enough to buy and then it levels out and will even rise above that point, based on the new popularity. BTC can never hit $1 per coin again, that simple

keaderza

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If the bitcoin still has some hope, I will buy a lot of the bitcoin if it drops to $1. although we most likely will not see that figure with the current indicators at least.

TimmyQue

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That depends, If that happens with no apparent or clear cause "Something that could damage the system itself" I would probably buy tons of them and hold them for a price increase, This sometimes work even in stock market.

8Habits

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Quote from: boyptc on August 22, 2016, 10:38:00 PM

Quote from: madwica on August 22, 2016, 10:33:26 PM

Base on the question i will buy more bitcoin if that would happen but the percentage is 1% to be happen, as we can see the bitcoin is continue to be stronger digital currency and the value is continuous increasing.

Me either I am going to buy a lot of bitcoins if the price of bitcoin is going to fall any time. Because as long as there are users and consumers for sure that small price is going to increase as the demand is going to become higher. Maybe I will just going to use my savings if the price is going to reach the smallest price with that amount of $1.

That is the surest thing I'll do, I'll keep on buying bitcoins when the price is going down up to $1.. This is my way of supporting bitcoin apart from potential earning big profits when it bounces back its price again to $1,000. Is it possible that it will reach to $1k a bitcoin?

Topic: If bitcoin dropped to $1, what you do? (Read 98180 times)