Topic: If bitcoin dropped to $1, what you do? - page 108. (Read 98181 times)
Before Bitcoin drops to $1, I would have sold my complete stack at prices around 25% under the current price. This is my stop loss I set a few months ago. So I will never have a stack of Bitcoins which are worth $1. But I will definitely buy a lot of Bitcoins back at the low price level.
I would ask for the reason why bitcoin dropped that much.
If people just lost interest and it was just an effect of supply and demand, I would buy as hell.
But if somehow it turned out that there was a way to generate them easy without the mining process I don't think I wouldbut more effort in my bitcoin project.
If people just lost interest and it was just an effect of supply and demand, I would buy as hell.
But if somehow it turned out that there was a way to generate them easy without the mining process I don't think I wouldbut more effort in my bitcoin project.
If bitcoin dropped even to 50 or 100$ than i will not think twice and would buy more than 10000$ worth of bitcoin. For which i can sell my moterbike and also will apply for bank loan.
Yes even if bitcoin falls that low I won't stop believing in it, I would buy some coins in bulk and keep it safe in my cold storage, as bitcoin has a potential to rise again in future.
If bitcoin dropped even to 50 or 100$ than i will not think twice and would buy more than 10000$ worth of bitcoin. For which i can sell my moterbike and also will apply for bank loan.
i will buy as much as i can and then wait for the prize to go up again
Yap and most people who knows about bitcoin will do the same, then there will be a huge pump on the market if many people buy it. For me it sound simpossible that it will falling dow to $1, but if it is happen I will not be so greedy to buy many bitcoins. Just spend my money that I can afford to lose..
i can only see the day price falls to $1 in my dreams at night.
and even then in my dreams i will be rushing to transfer all my fiat to my exchanger in order to buy bitcoin with all of it!
and even then in my dreams i will be rushing to transfer all my fiat to my exchanger in order to buy bitcoin with all of it!
i will buy as much as i can and then wait for the prize to go up again
With Bitcoin being this volatile already.. I would buy a few thousands { 10 000 } and then wait for it to bounce back to $5 or $10 .... If I sold half of that, I would still have
enough to speculate and trade and I would have made a hansom profit. Many people were not around, when Bitcoin were valued at those prices and they were not even around
when it reached $1000+ { If you were, you would most probably be sitting on a island somewhere sipping Mojito's and laughing at the fools trying to make a few Satoshi on
faucets. }
enough to speculate and trade and I would have made a hansom profit. Many people were not around, when Bitcoin were valued at those prices and they were not even around
when it reached $1000+ { If you were, you would most probably be sitting on a island somewhere sipping Mojito's and laughing at the fools trying to make a few Satoshi on
faucets. }
I'll buy it as much as I can.
When bitcoin drop to $1, many people would buy it, so there's high demand for bitcoin, and that makes bitcoin price goes up again.
But if the price drops to $1, it will cause a huge loss for those who have invested in this currency and they wouldn't sell their coins at this rate if they have bought it now. There would be too many buyers then while those who already have bitcoins would keep holding them. When bitcoin drop to $1, many people would buy it, so there's high demand for bitcoin, and that makes bitcoin price goes up again.
I would purchase as many coins as i possibly could afford and then wait and see what the price does. If the price moved up i would sell a small portion to make some gains and then continue trading with the newly realized gains.
Sell everything much before the $1 level, at a decent price.
Buy $20 of BTC just in case of a recovery or if it turns out to be like old computers that are worth lots of money if they are working.
Don't look back, except once in a while to check the price
Buy $20 of BTC just in case of a recovery or if it turns out to be like old computers that are worth lots of money if they are working.
Don't look back, except once in a while to check the price
if bitcoins dropped to $1 and increased back up to the normal rates I would first buy about 40 btc and save it then once the price goes up I will buy this established business worth $15k which is roughly about 35.9 btc and when it comes to loans I won't have to ask because I already had btc at a low price of $1 and now Its gone up to the normal rate so it would be cool if something like this could happen.
Well, if such bad scenario ever happen, it will be really meaningless to sell something for 1 $ what I bought before for 300 $ or more 
But, it sure that I will not wait that something like this ever happen to me.
If I see clear trend that Bitcoin loosing value and that some other virtual currency replacing Bitcoin, I will for sure sell part of my BTC and invest in this other virtual currency.
It's old saying: ''Never put all eggs in the same basket''.
But, it sure that I will not wait that something like this ever happen to me.
If I see clear trend that Bitcoin loosing value and that some other virtual currency replacing Bitcoin, I will for sure sell part of my BTC and invest in this other virtual currency.
It's old saying: ''Never put all eggs in the same basket''.
if will drop to 1$ i will start buying over 1000 bitcoins, and sell once get 1,5$ bitcoin
Quote
If bitcoin dropped to $1, what you do?
i think it will not change much my life...(lol)
I think that you can then claim for 420 times more satoshi on faucets.
if it dropped to a dollar each i wouldnt bother selling what i have because it would be pointless but i wouldnt bother buying anymore either. If it hits a dollar per coin then its glory days are over and wont be coming back 
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.
Yeah just as you say that it will never happen. Well if that happen I don't think that it's reasonable to buy it since it already go to a price where it started. And buying altcoin would isn't a good thing too since altcoin's usually depends on bitcoin's price.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.
Well, I believe that won't be happening. But if it really happened, I will definitely buy as much as I can because I believe the price will rise up again in no time.
I would buy atleast 10 bitcoins and wait to see if the price rises. I believe that bitcoins can anytime rise and drop but I hope it doesn't create a chaos in the market and die soon. I wouldn't lose hope if it drops but wouldn't even dump my coins at that rate.
Good answer +1really?! you realize that 10BTC in this scenario would be worth $10 right?
i feel like what he is saying is contradictory, for me if it goes to that low i would buy at least a couple of hundred bitcoin because it would be like 2009 or apple share worth only $1
normally we try to buy more when bitcoin price goes down. because there is high chance of bitcoin price go high. so buying is obvious. but if bitcoin price goes down as 1$ and no chance for getting up, then I'll quit bitcoin.
it is the normal choice. it is basically when the bitcoin prices plummeted, surely people will buy bitcoin with significant amounts and it could make the price of bitcoin back into riding, but I somewhat disagree with you when the price of bitcoin to $ 1 for 1 bitcoin. I would still be looking for him. however, the money scattered on the internet friends Jump to: