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Topic: If bitcoin dropped to $1, what you do? - page 20. (Read 98138 times)

hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
August 10, 2016, 05:18:26 AM
Try to get as much as possible and slowly store it on an offline wallet and let it sit there in case the price goes up again.
hero member
Activity: 924
Merit: 1000
August 10, 2016, 04:51:37 AM
You mean you if the price of bitcoin be $ 1? If that happens, we shall be losing money because the price is not good, and to rise if it had been dropped as it was very difficult. But I believe bitcoin might not drop to $ 1 for bitcoin is constantly evolving and users actively using bitcoin.
of course there are many users who lose and lose big when bitcoin prices fell very sharply. yeah I also think that it would be difficult for bitcoin to go down to $ 1. I think if that happens. there must be something terrible thing that happened in bitcoin?

Yeah and after falling that low there are more chances that it may simply disappear so it would not be wise to invest more money into it at that point of time.
member
Activity: 70
Merit: 10
August 10, 2016, 04:05:04 AM
It would probably be a good time to fill the bags. Wink
newbie
Activity: 14
Merit: 0
August 10, 2016, 04:04:00 AM
You mean you if the price of bitcoin be $ 1? If that happens, we shall be losing money because the price is not good, and to rise if it had been dropped as it was very difficult. But I believe bitcoin might not drop to $ 1 for bitcoin is constantly evolving and users actively using bitcoin.
of course there are many users who lose and lose big when bitcoin prices fell very sharply. yeah I also think that it would be difficult for bitcoin to go down to $ 1. I think if that happens. there must be something terrible thing that happened in bitcoin?

If there is something fundamental wrong with the bitcoin, the price could drop to $1. Otherwise, it will be much higher.
hero member
Activity: 532
Merit: 500
August 10, 2016, 02:21:51 AM
You mean you if the price of bitcoin be $ 1? If that happens, we shall be losing money because the price is not good, and to rise if it had been dropped as it was very difficult. But I believe bitcoin might not drop to $ 1 for bitcoin is constantly evolving and users actively using bitcoin.
of course there are many users who lose and lose big when bitcoin prices fell very sharply. yeah I also think that it would be difficult for bitcoin to go down to $ 1. I think if that happens. there must be something terrible thing that happened in bitcoin?
sr. member
Activity: 406
Merit: 250
August 10, 2016, 02:02:06 AM
i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.

They would surely turn to something else if they see no potential of growing bitcoin again but later on if bitcoin recovers and starts growing again then people will again start investing and using it.
That is what doing by the investor they always be updated in stock market were they can earn a lot of money then they invest and if they already get more profit they will find another investment company to invest. but in bitcoin price will drop at $1 i think it is impossible for now.
hero member
Activity: 756
Merit: 520
August 10, 2016, 01:55:17 AM
i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.

They would surely turn to something else if they see no potential of growing bitcoin again but later on if bitcoin recovers and starts growing again then people will again start investing and using it.

Yeah, it's definitely going to happen to those who are just following the growth of something and only looking for profit without a static view of the bitcoin. But that's not going to happen to those who have thought of a Billionaire, they definitely will do a research the bitcoin and see results in the future. It depends on the person's mindset and I prefer to see a static before the price goes down and after that bitcoin performed action
hero member
Activity: 756
Merit: 500
August 10, 2016, 01:50:59 AM
i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.

They would surely turn to something else if they see no potential of growing bitcoin again but later on if bitcoin recovers and starts growing again then people will again start investing and using it.
hero member
Activity: 910
Merit: 1000
August 09, 2016, 11:42:51 AM
i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.
sr. member
Activity: 672
Merit: 250
August 09, 2016, 11:24:21 AM
i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.
legendary
Activity: 2086
Merit: 1058
August 09, 2016, 04:55:16 AM
i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.
hero member
Activity: 1372
Merit: 503
August 09, 2016, 04:08:07 AM
i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.
legendary
Activity: 1218
Merit: 1000
August 09, 2016, 03:49:50 AM
You mean you if the price of bitcoin be $ 1? If that happens, we shall be losing money because the price is not good, and to rise if it had been dropped as it was very difficult. But I believe bitcoin might not drop to $ 1 for bitcoin is constantly evolving and users actively using bitcoin.
hero member
Activity: 840
Merit: 1000
August 09, 2016, 03:45:05 AM
Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.

Well is the price of your life is only $1? Don't do it man maybe someone is going to do the same if they are going to read your suggestion. It is not the end of the world if the price of bitcoin is going to be at $1. What is the best thing to do is wait again for the pump of the price of bitcoin. For sure, it is going to happen again.
While the price is dropped down to $1 , peoples will be buy a bulk of bitcoin and makes the price up again .
If that happened on future , it's not the end of world just wait for a month and the price is up somedays.

Yup and $1 is very small amount we can afford to buy at least 100 btc with that price and even if it disappears after that then loss of $100 is not a big deal.

$100 is okay but I'm not sure Bitcoin would recover if the price dropped all the way down to $1, that would probably scare off the majority of non-crypto people permanently lol. If something like that happened, I doubt we'd see huge demand for Bitcoin again, a different coin would probably emerge as the new king.

yeah bitcoin will surely face some tough competition from any new and innovative currency in future and if bitcoin wants to survive in long run then that is possible only if it holds higher value.
legendary
Activity: 1148
Merit: 1000
August 09, 2016, 03:42:36 AM
Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.

Well is the price of your life is only $1? Don't do it man maybe someone is going to do the same if they are going to read your suggestion. It is not the end of the world if the price of bitcoin is going to be at $1. What is the best thing to do is wait again for the pump of the price of bitcoin. For sure, it is going to happen again.
While the price is dropped down to $1 , peoples will be buy a bulk of bitcoin and makes the price up again .
If that happened on future , it's not the end of world just wait for a month and the price is up somedays.

Yup and $1 is very small amount we can afford to buy at least 100 btc with that price and even if it disappears after that then loss of $100 is not a big deal.

$100 is okay but I'm not sure Bitcoin would recover if the price dropped all the way down to $1, that would probably scare off the majority of non-crypto people permanently lol. If something like that happened, I doubt we'd see huge demand for Bitcoin again, a different coin would probably emerge as the new king.
hero member
Activity: 672
Merit: 503
August 09, 2016, 03:14:40 AM
Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.

Well is the price of your life is only $1? Don't do it man maybe someone is going to do the same if they are going to read your suggestion. It is not the end of the world if the price of bitcoin is going to be at $1. What is the best thing to do is wait again for the pump of the price of bitcoin. For sure, it is going to happen again.
While the price is dropped down to $1 , peoples will be buy a bulk of bitcoin and makes the price up again .
If that happened on future , it's not the end of world just wait for a month and the price is up somedays.

Yup and $1 is very small amount we can afford to buy at least 100 btc with that price and even if it disappears after that then loss of $100 is not a big deal.
sr. member
Activity: 840
Merit: 250
www.guestcrew.com
August 09, 2016, 03:07:07 AM
Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.

Well is the price of your life is only $1? Don't do it man maybe someone is going to do the same if they are going to read your suggestion. It is not the end of the world if the price of bitcoin is going to be at $1. What is the best thing to do is wait again for the pump of the price of bitcoin. For sure, it is going to happen again.
While the price is dropped down to $1 , peoples will be buy a bulk of bitcoin and makes the price up again .
If that happened on future , it's not the end of world just wait for a month and the price is up somedays.
sr. member
Activity: 630
Merit: 267
Just follow the rules
August 09, 2016, 12:03:20 AM
I think price will never fall that low in future and if it goes that low then majority of people will get panic and they will not bother about bitcoin and will switch to some other product.
you're right bitcoin will never fall that low why because many of us are going to panic and some of investors are going to sell their bitcoins and some are going to buy , if some investor are going to buy a lots of bitcoin then probably the price of the bitcoin will increase again it depends always on the people who uses bitcoin , and i think bitcoin is the father of all altcoin
legendary
Activity: 868
Merit: 1004
August 08, 2016, 05:37:33 PM
Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.
newbie
Activity: 42
Merit: 0
August 08, 2016, 03:11:51 PM
Probably kill myself  Smiley
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