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Topic: If bitcoin dropped to $1, what you do? - page 101. (Read 98181 times)

hero member
Activity: 910
Merit: 1000
April 20, 2016, 12:30:23 AM
Bitcoin dropped to 1$ good question but it's dream untill and unless bitcoin ban in all countries bitcoin price will reach there or else it's not at all possible. If it drop means we can't do anything we have to wait for price increase if there is no chance to increase means we have to donate some one. what we do with 1$ now a days.
member
Activity: 112
Merit: 10
April 19, 2016, 11:59:08 PM
well if that is the case i will buy more bitcoin haha. i think there is no posibility that the bitcoin can dropped on that position.many country already accepted and invested on the bitcoin.it has strong community and support in every individual.nothing to worry if this will dropped it will not happened.
hero member
Activity: 826
Merit: 502
April 19, 2016, 11:49:46 PM
I'm pretty sure we still have time to sell our money at 300$ because with bitcoin priced as 400$+, surely it will not become 1$ tomorrow or the next week. It will slowly move to 1$ if that happens. It will not drop from 400$+ to 1$ in one night.
hero member
Activity: 2464
Merit: 594
April 19, 2016, 11:40:12 PM
How can you hold your bitcoins let's say when its value drops to $1? I think bitcoiners would be lazy earning it. The sites connected to bitcoins can go down and stop working on it because they can't support it anymore. So could you still hold your bitcoins that you are keeping for a long run and keeps on hoping to increase its value again?
Please don't get offended by my own opinion, I'm just sharing my thoughts and also sorry for my bad english  Grin
Also me I'm worried when something goes wrong like that.
legendary
Activity: 1218
Merit: 1007
April 19, 2016, 09:35:55 PM
Sell them to everyone here at $0.99 and hold ethers or litecoin  Grin

if a $300 - $1200 currency drops to $1, there must have been a major discovery such as Satoshi donating all his stashed treasures.
I will buy a lot of bitcoins if the price dropped to 1$ and hold them for a couple of years to see if theres a change in price, i can wait even it will took ten years for the price to go up.
I think a lot of people would be intent on purchasing Bitcoin if it was being sold for ~$1, but I don't think there would be a lot of miners who would still be sitting around and confirming the transactions. It wouldn't be worth it at that point.
full member
Activity: 210
Merit: 100
April 19, 2016, 09:04:28 PM
Sell them to everyone here at $0.99 and hold ethers or litecoin  Grin

if a $300 - $1200 currency drops to $1, there must have been a major discovery such as Satoshi donating all his stashed treasures.
I will buy a lot of bitcoins if the price dropped to 1$ and hold them for a couple of years to see if theres a change in price, i can wait even it will took ten years for the price to go up.
hero member
Activity: 699
Merit: 501
April 19, 2016, 08:36:58 PM
Sell them to everyone here at $0.99 and hold ethers or litecoin  Grin

if a $300 - $1200 currency drops to $1, there must have been a major discovery such as Satoshi donating all his stashed treasures.
hero member
Activity: 490
Merit: 500
April 19, 2016, 07:37:27 PM
I would buy a bunch, and sell when the price rises
I think if it happened only a few people who have more expectations and buy again. nothing can restore a sense of confidence in the people if they have lost a lot of bitcoin. people will not live two times after he was dead. as well as bitcoin. I think #IMO
member
Activity: 65
Merit: 10
I atleast try to sell stuff
April 19, 2016, 07:21:48 PM
take out a 2000$ loan and get me a piece of the network
hero member
Activity: 924
Merit: 1000
April 19, 2016, 05:13:00 PM
Bitcoin would not fall immediately its value to $1, but there's no impossible to decrease its rate slowly. We should always be ready.
Maybe, I would try also look for other alt coins that can be like as popular as bitcoin or better.
of course bitcoin will not fall to such small rate but it asks what would you do if it happened, bitcoin will always have a lot of interest no matter what so it is impossible for it to go down

i think i would just top up my cheap bitcoins and then do nothing else but hold till the price increases at least by a dollar so i could double all my investment for doing nothing at all


Everyone is holding for the same reason that price will go higher in future and can make good profits from it, but honestly no one is sure what bitcoin holds for us in future.
hero member
Activity: 658
Merit: 500
April 19, 2016, 04:47:03 PM
Bitcoin would not fall immediately its value to $1, but there's no impossible to decrease its rate slowly. We should always be ready.
Maybe, I would try also look for other alt coins that can be like as popular as bitcoin or better.
of course bitcoin will not fall to such small rate but it asks what would you do if it happened, bitcoin will always have a lot of interest no matter what so it is impossible for it to go down

i think i would just top up my cheap bitcoins and then do nothing else but hold till the price increases at least by a dollar so i could double all my investment for doing nothing at all
hero member
Activity: 868
Merit: 1000
April 19, 2016, 04:28:25 PM
I will try to start working with altcoins or maybe back to daily job. But 1$ dollar for 1btc, sorry, i am not interested on worthless things. lol.
If bitcoin will ever reach that point of $1 it will be not only problem of Bitcoin alone - but whole cryptocurrency market - every altcoin will be in danger of collapsing.
Trust in every crypto will be razed and people will realize that experiment failed and we can't have stable sovereign digital currency.

Bitcoin can never fall that low and if it falls then it will be an end of digital currency, lets hope that day never comes and bitcoin keep on rising in coming years.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
April 19, 2016, 04:19:02 PM
I will try to start working with altcoins or maybe back to daily job. But 1$ dollar for 1btc, sorry, i am not interested on worthless things. lol.
If bitcoin will ever reach that point of $1 it will be not only problem of Bitcoin alone - but whole cryptocurrency market - every altcoin will be in danger of collapsing.
Trust in every crypto will be razed and people will realize that experiment failed and we can't have stable sovereign digital currency.
hero member
Activity: 2464
Merit: 594
April 19, 2016, 04:05:29 PM
Bitcoin would not fall immediately its value to $1, but there's no impossible to decrease its rate slowly. We should always be ready.
Maybe, I would try also look for other alt coins that can be like as popular as bitcoin or better.
sr. member
Activity: 350
Merit: 250
April 19, 2016, 09:22:45 AM
I will try to start working with altcoins or maybe back to daily job. But 1$ dollar for 1btc, sorry, i am not interested on worthless things. lol.

I am not sure if the price of bitcoin $1 and altcoins still alive. likely all dead, because bitcoin is the mecca of altcoins.
Than there will be a lot of people that is going to hate Bitcoin if it is dropping to that low price because they want to make some profit with Bitcoin and that will be not good if that will happen.
You see that the value keeps stable and that is quite good for the people with Bitcoin already they have now only to wait for an increase.
legendary
Activity: 3766
Merit: 1217
April 19, 2016, 06:54:20 AM
If Bitcoin drops to $1, or even $0.01, I would remain neutral. I will not sell any of my coins, but at the same time, I will not buy any either. One of the golden rules for making investment is "don't try to catch a falling knife". I had ignored this rule a few times in the past (while making investment in equities). And the results were not that pleasant.
legendary
Activity: 3276
Merit: 2442
April 19, 2016, 05:11:53 AM
If btc ever dropped to $1, I would wait it drop to 0.1$.

Why would i buy if its dropping like mad?

You shouldn't buy when the price was dropping, newbie mistake.

You should catch a rise  and buy before its too late.

if bitcoin dropped to $ 0.1 it seems like bitcoin will be die, when the price going down like that peoples are not interested to bitcoin anymore and sooner or later they will leaving and never back again,

There isn't much difference between $1 and 0.1$. You can say same of those for 1$ price point too.

That's why I wouldn't buy @1$, because 1$ also means it is near dead.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
April 19, 2016, 05:01:27 AM
If bitcoin dropped to $1, ill buy as much as i can.. And then sell Smiley
hero member
Activity: 658
Merit: 500
April 19, 2016, 04:59:55 AM
Much more information is required. Everything depends. But normally when the price goes down it's recommended to buy more. Most probably that's what I'd do.

totally agree Smiley

No, that time will not be the time to buy more. Who will buy more? a large number of the world population is holding bitcoin and oif the price comes down and they all lose their money, they who will come to buy more?
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
April 19, 2016, 04:42:28 AM
I would stop completely with the bitcoin because normally I would still believe in the bitcoin because mostly the bitcoin fights its way back up.
With the 1 dollar price this would not be possible so I would stop completely.

I dont get it what you are trying to say up there your post is cannot be understand easily. But for me if bitcoin will drop to 1$ i think i will stop using bitcoin or have thoughs of buying bitcoin again  and i will gamble my money to buy more bitcoins maybe it will regain its price and for that i can be reach or i lose money because bitcoin will not survive and died completely.
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