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

alisafidel58

full member

Activity: 364

Merit: 127

Quote from: Mr. Big on April 15, 2016, 10:13:31 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

hero member

Activity: 1568

Merit: 511

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

global moderator

Activity: 2324

Merit: 1179

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

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

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

member

Activity: 112

Merit: 10

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

hero member

Activity: 826

Merit: 502

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

hero member

Activity: 574

Merit: 503

V2h5IGFyZSB5b3UgcmVhZGluZyB0aGlzPw==

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

legendary

Activity: 3332

Merit: 1191

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.

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

hero member

Activity: 1498

Merit: 502

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

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

legendary

Activity: 1210

Merit: 1024

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.

@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

hero member

Activity: 1302

Merit: 503

Leading Crypto Sports Betting & Casino Platform

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.

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

hero member

Activity: 826

Merit: 1000

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

legendary

Activity: 1596

Merit: 1011

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

Yakamoto

legendary

Activity: 1218

Merit: 1007

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

legendary

Activity: 1876

Merit: 1475

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

sr. member

Activity: 287

Merit: 250

Quote from: chek2fire on April 15, 2016, 07:43:24 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

hero member

Activity: 1274

Merit: 516

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

hero member

Activity: 756

Merit: 500

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

plateadodev

newbie

Activity: 14

Merit: 0

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

hero member

Activity: 517

Merit: 501

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

Topic: If bitcoin dropped to $1, what you do? - page 111. (Read 98181 times)