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Topic: If bitcoin dropped to $1, what you do? - page 110. (Read 98181 times)

sr. member
Activity: 266
Merit: 250
One world One currency, Bitcoin.
April 16, 2016, 01:58:16 AM
#47
Miners will exit, no confirmation for hours, days, diff will drop. Then I will mine mining mining and storing. wo hooooo. Price will increase, I will become rich.
hero member
Activity: 910
Merit: 1000
April 16, 2016, 01:47:01 AM
#46
Well, I believe pretty firmly that that will simply never happen. Even just the novelty of owning tokens from the very FIRST cryptocurrency, they will all be scooped up waaaay before hitting $1.
legendary
Activity: 3248
Merit: 1070
April 16, 2016, 01:40:56 AM
#45
buy 10k at least, and wait for the enxt pump, but this will seriously wreck the whole mining security, unless it least for few days

i think miners can face a heavy tanking in the price if it happen once and for a very short time frame, they are in a huge +EV at the moment
sr. member
Activity: 322
Merit: 250
i am don(ripper's big daddy).i clean scammers.
April 16, 2016, 01:38:24 AM
#44
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.
sr. member
Activity: 420
Merit: 250
April 16, 2016, 01:30:32 AM
#43
If bitcoin dropped to $1, i think no more people will use bitcoin and i will stored it and hoping maybe someday the price will back up to $500 for each bitcoin.
full member
Activity: 168
Merit: 100
April 16, 2016, 01:28:07 AM
#42
If Bitcoin dropped to $1 I would most probably abandon the crypto coin and look for other alternatives. Such a severe crash would indicate massive hurdles in its adoption and once it has hit the ground I highly doubt the price will increase again as everyone will be pulling out of Bitcoin enthusiasts and speculators alike. Also a lot of people would have lost a lot of money so I guess no one would want to invest more.

It'll be dead, like a serious security flaw for people to lose confidence in BTCBTCBTC. So yeah, we must move on.

Yeah moving on and finding a new crypto that will give us money while we are doing trading and some micro tasking,if bitcoin reach that then satoshi failed in his project.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
April 16, 2016, 01:15:16 AM
#41
If Bitcoin dropped to $1 I would most probably abandon the crypto coin and look for other alternatives. Such a severe crash would indicate massive hurdles in its adoption and once it has hit the ground I highly doubt the price will increase again as everyone will be pulling out of Bitcoin enthusiasts and speculators alike. Also a lot of people would have lost a lot of money so I guess no one would want to invest more.

It'll be dead, like a serious security flaw for people to lose confidence in BTCBTCBTC. So yeah, we must move on.
full member
Activity: 196
Merit: 100
April 16, 2016, 01:10:23 AM
#40
If bitcoin dropped to $1 I will surely buy more, but the demand today is huge, i doubt it will not dropped $1 again.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
April 16, 2016, 01:07:24 AM
#39
If Bitcoin dropped to $1 I would most probably abandon the crypto coin and look for other alternatives. Such a severe crash would indicate massive hurdles in its adoption and once it has hit the ground I highly doubt the price will increase again as everyone will be pulling out of Bitcoin enthusiasts and speculators alike. Also a lot of people would have lost a lot of money so I guess no one would want to invest more.

For me if bitcoin will go to 1$ i will also stop using bitcoin because it will be totally waste of time id we still continue to earn by that and also. No late night sleep anymore for me just continue another life and seek for alternative ways to earn.
legendary
Activity: 2604
Merit: 1036
April 16, 2016, 12:49:38 AM
#38
If Bitcoin dropped to $1 I would most probably abandon the crypto coin and look for other alternatives. Such a severe crash would indicate massive hurdles in its adoption and once it has hit the ground I highly doubt the price will increase again as everyone will be pulling out of Bitcoin enthusiasts and speculators alike. Also a lot of people would have lost a lot of money so I guess no one would want to invest more.
sr. member
Activity: 896
Merit: 303
April 16, 2016, 12:44:32 AM
#37
I will quit earning bitcoin and try switching to altcoins. But I think bitcoin will never go down. Wink
legendary
Activity: 1302
Merit: 1037
April 16, 2016, 12:44:26 AM
#36
This is a little unrealistic but let's just assume this happened. I think I'd hold onto my bitcoins and even buy some more. There's a possibility that after most people dump their bitcoin, the bitcoin's price will go high. I'd sell my bitcoins then when its price goes back to 400$.

$1 not possible, neither $1000 Possible. I think we should be realistic.
 Bitcoin price can range between 350$ to 550$.
sr. member
Activity: 252
Merit: 250
April 16, 2016, 12:37:48 AM
#35
I will not average down, I lost money in stock market doing so.
I hope/wish bitcoin price will not decrease to one, but essentially, bitcoin just a number, nothing to back it up. OP makes me scared.
hero member
Activity: 770
Merit: 500
April 16, 2016, 12:10:06 AM
#34
I will not do anything other than hold for increase in price. OR if i found any local traders in my hometown, i would buy some BTCs (Unfortunately, i cannot find any traders from my hometown even at localbitcoins.com ) and hold it for price increase.
full member
Activity: 210
Merit: 100
April 15, 2016, 11:53:03 PM
#33
Well it is very lucky for us if it will decrease to 1 dollar. I will buy more and more and wait for it to increase again. It will be a very big opportunity for us.
What if, bitcoin 1$  is decreasing and decreasing every single day, would you still buy  and buy more bitcoin. If thats the case, uhmm all i can say is bitcoin is dying.
sr. member
Activity: 574
Merit: 255
April 15, 2016, 11:28:14 PM
#32
Well it is very lucky for us if it will decrease to 1 dollar. I will buy more and more and wait for it to increase again. It will be a very big opportunity for us.
hero member
Activity: 518
Merit: 500
April 15, 2016, 11:22:22 PM
#31
If bitcoin would drop to a dollar then i think its time to change ship and i will sell all my bitcoin before i hit the $1 mark,i would go to eth,lite or even dash.
if the price of bitcoin very down or drop? what happened to the altcoin?
will die or have a higher price of bitcoin? but it seems that ETH has a bright future as bitcoin
legendary
Activity: 3472
Merit: 10611
April 15, 2016, 11:21:48 PM
#30
this is one of those hypothetical scenarios that is never going to happen just like the topic about what if internet goes down!
but even if bitcoin goes down i will never buy ethereum, no matter what the hyping bag-holders try to say it is not a good coin.
hero member
Activity: 1050
Merit: 529
April 15, 2016, 11:02:37 PM
#29
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.
Selling is totally out of the question if btc drops to 1$ then my btc will be worth nothing. Buying more would be the best approach, because I don't think btc would fall any lower than 1$
hero member
Activity: 518
Merit: 500
April 15, 2016, 10:39:24 PM
#28
what is the reason bitcoin could fall to $ 1, which is actually never going to happen and if it is true I guess when prices touched below $ 200 have been many buy bitcoin as an their investment.
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