If bitcoin dropped to $1, what you do? - page 111.

alisafidel58

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Quote from: Mr. Big on April 15, 2016, 11:13:31 PM

If bitcoins price fall to $1 each, I would still stay with it since I am not buying or selling and I only have few coins on exchanges...But of course, I will leave if what we earn would still be satoshis and not bitcoin...In short, if payments on small jobs would not increase, I will definitely leave...

Leaving will be only option left when that scenario happens because there will be no more profit to make with bitcoin and we are here because of profit.

puremage111

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At first, i will cry for sure, but then, it there's still hope on it, i will stock tons of it Cheesy

Mr. Big

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While my guitar gently weeps!!!

If bitcoins price fall to $1 each, I would still stay with it since I am not buying or selling and I only have few coins on exchanges...But of course, I will leave if what we earn would still be satoshis and not bitcoin...In short, if payments on small jobs would not increase, I will definitely leave...

The Sceptical Chymist

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Yep, that's like asking Enron shareholders what would happen if their stock price dropped to $0.26. And the only rational answer is that I'd be sitting on the double yellow line, naked with a rubber duckie and at that point I hope I'd already have sold everything and bought Worldcom. Let the cops come, I don't care.

nostal02

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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.

Xenophoto

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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$.

longbob72

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if the price of USD stays the same as it is now I'd quit.

the only other reason why the price of BTC1 would be equal to $1 is that it's dropping to zero. unless something happens that completely break bitcoin without a single doubt, it will never go down to $1. why? because there are people that would happily buy thousands of bitcoin for under $100. this would create a demand that will prevent bitcoin from going down to $1.

iv4n

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Quote from: Monnt on April 15, 2016, 08:09:21 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.

Move to eth or dash...monero, lisk.. you can choose. I don't think that will happen ever. Bitcoin is growing and that is a fact, people can talk what ever they wish, imagined things will always be around don't believe in everything you hear.

And lets say that we see bitcoin drop so low, do you think it will be slow fall or one fast one (bitcoin is now very high)? If bitcoin fall like that I doubt it can survive that kind of fall. Nothing can.

Digital_Lord

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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.

BitcoinEXpress

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Quote from: Monnt on April 15, 2016, 08:09:21 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.

@Newbies

Bitcoin has already crashed that hard and did fine.

Research MtGox Crash (June 2011) and the subsequent drop to sub $2.00 in Dec 2011.

Those were fun times.

~BCX~

Hirose UK

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Quote from: Monnt on April 15, 2016, 08:09:21 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.

that's unbelievable price! if it would happen I might buy more bitcoin and hold it until the price increases again. but I'm not really sure it will happen in the next 5 years.

rinhunter

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buy more, until the price exceeds $100 and then sell most. but I think if bitcoin worth that much means that there is another coin that beat bitcoin.

iqlimasyadiqa

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it will probably never happen. bitcoin will now increasingly be better. reduced supply and rising bitcoin bitcoin will become a very common thing.

Yakamoto

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As EcuaMobi said, there isn't really enough information as to why it would have dropped to such a low value. For all we know it was one person who sold really low.

If it did go to $1 permanently, however, chances are I would back out of Bitcoin and likely forget about it. The userbase would likely die quite quickly.

EcuaMobi

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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.

angryrob

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Quote from: chek2fire on April 15, 2016, 08:43:24 PM

i will buy more

If bitcoin worth dropped to 1$ then I will leave it and will never trust it, the reason I have already bought 20 bitcoin so that it happen I would be big loose, but I don't think this thing now Its never can happen and its value will be again increase.

Indrawan77

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If its drop into 1$, i think i would buy a lot of bitcoin and then wait for the price to rise and to support the bitcoin price i will buy alt coin

BellaBitBit

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Keep them as relics and buy more if they are still being traded.

plateadodev

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I'll sell all the stuff that I got and I don't need right now and buy all the BTCs that I can.

mkc

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Hold hold and hold.
Pray I will pray for all bag holders , including myself...

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