If bitcoin dropped to $1, what you do? - page 27.

x4

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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.

If this will happen I would buy bitcoin as much as I want, and after that bitcoin price will rise and then sell it again, then buy and its a cycle of bitcoin which you can see what trading and trader does.

Jimbola3

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Quote from: StoreBit on July 31, 2016, 10:28:37 AM

Quote from: romero121 on July 31, 2016, 10:23:26 AM

Such a high potential digital currency going down in long or short run won't happen until every user stop using which won't take place. By situation if it touches $1, I'll make buying as much possible.

but i think that if such a potential digital currency is going down its mean that something is seriously happening and if it dropped that such a low level i do not think that people will take interested in bitcoin any more, because if it id dropping from 700$ to only 1 dollar it mean that people have lost thier confident and they are not ready to invest their money anymore in bitcoin.

I dont think its happening that it will fall to 1$ lol but with some imagination if it will happen then its normal that people will shift to other altcoins and some will buy more coins too by expecting for again high price bump,
But bitcoin has made its root very strong in the word market already that things like this is just impossible by the way !

propofol99

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If, and that is rerally a big if, it would go that far down, I would buy a few hundred of those 1$ bitcoins.

StoreBit

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Quote from: romero121 on July 31, 2016, 10:23:26 AM

Such a high potential digital currency going down in long or short run won't happen until every user stop using which won't take place. By situation if it touches $1, I'll make buying as much possible.

but i think that if such a potential digital currency is going down its mean that something is seriously happening and if it dropped that such a low level i do not think that people will take interested in bitcoin any more, because if it id dropping from 700$ to only 1 dollar it mean that people have lost thier confident and they are not ready to invest their money anymore in bitcoin.

romero121

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Such a high potential digital currency going down in long or short run won't happen until every user stop using which won't take place. By situation if it touches $1, I'll make buying as much possible.

CryptoBrother

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Not that it will happen but I'd buy at least $1000 worth and more than likely more.

PremiumCodeX

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I would keep the BTC I have already and increase the price in BTC of my products then just hope the price will raise again. If I had enough money to invest, I would buy BTC from panicking people. I remember when BTC suddenly dropped levels and people were trying to exchange with shocking speed and now it is reigning again.

d-leit

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Quote from: ShrykeZ on July 31, 2016, 09:22:55 AM

I'd continue to use it unless there was a fundamental flaw with Bitcoin, although if it did reach that it would likely be due to an unrecoverable flaw.

me too. the value of bitcoin is the revolution, not the price. but i do think it could drop to $1 without an unrecoverable flaw -- like if satoshi tried ot sell all his coins at one time.

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Quote from: ShrykeZ on July 31, 2016, 09:22:55 AM

I'd continue to use it unless there was a fundamental flaw with Bitcoin, although if it did reach that it would likely be due to an unrecoverable flaw.

the same for me, bitcoin is definitely a great technology and it will have great future i think thats why i would definitely use it all the time

ShrykeZ

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I'd continue to use it unless there was a fundamental flaw with Bitcoin, although if it did reach that it would likely be due to an unrecoverable flaw.

blackmachinegun

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Quote from: shashank5119 on July 30, 2016, 04:40:08 PM

Don’t know what will I do because I am not able to think that this could ever happen.If that happens then my trust on bitcoin will loose a little.But still I will but 100-200 BTC atleast and then wait and see what happens next.

First yeah I do not think that it can happen for a few decades I think it bitcoin prices can explode and pump. but if one day the price
dropped to $ 1 I think I would avoid bitcoin. it may already be the end of bitcoin. you should be careful if you want to invest again

Aamir1

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That is really not possible right now as i see, because the community and the investors are increasing day by day and the coins that die so soon are those that has no users and investors at all thats why they die.
Well but if that happens i would surely buy some like 10 bitcoins and hold them again with the ones i'll be having already with the hope of its growth again.

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Quote from: SmartIphone on July 31, 2016, 06:11:01 AM

I hope that when the price drops to $1 I wouldn't have any bitcoin on my wallet, what would I do is investing $xx in bitcoin and leave them on a wallet for few years but depending what will happen bitcoin has always a potential to have higher and higher price possibility.

I think it will be risky to invest to bitcoin if the price reach $1 fewer investors will invest into it if they look at it's history, that means if the price will move, that will be too slow and the probability that it would go back to its feet will be too small.

20kevin20

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Quote from: MariusAr on July 31, 2016, 05:59:49 AM

I would buy more because it will grow back .

You never know if it'd grow back or fall to $0. Buying could be a mistake, selling could be a mistake. I'd just keep my money there in my wallet, hoping for the price to rise back. Maybe I'd just buy 20-30BTC, loosing $30 won't make me homeless.

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Quote from: shinratensei_ on July 31, 2016, 06:27:41 AM

Quote from: kevpantof on July 31, 2016, 02:30:20 AM

Quote from: eEngelan on July 31, 2016, 01:29:50 AM

If bitcoin drops to 1 dollar, ill buy more and invest it till the price increase

if it goes to 1$ per BTC then do you think it will rise again and you can invest when price increase??
think twice

I will believe if there are another people will say to think twice, for to do that, because it seems like the coin in front of their hole of dead and in my minds investing on them is between alive or dead. Cry

For me it would very hard to buy Bitcoin again if it dumps it price very low. It's normal to us to think that maybe we should buy or not on the current state of Bitcoin since you won't know if it rises again or dead forever and maybe that time there's a new crypto would exist and replace Bitcoin to its place. I'm just saying my opinion.

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Quote from: kevpantof on July 31, 2016, 02:30:20 AM

Quote from: eEngelan on July 31, 2016, 01:29:50 AM

If bitcoin drops to 1 dollar, ill buy more and invest it till the price increase

if it goes to 1$ per BTC then do you think it will rise again and you can invest when price increase??
think twice

I will believe if there are another people will say to think twice, for to do that, because it seems like the coin in front of their hole of dead and in my minds investing on them is between alive or dead. Cry

SmartIphone

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I hope that when the price drops to $1 I wouldn't have any bitcoin on my wallet, what would I do is investing $xx in bitcoin and leave them on a wallet for few years but depending what will happen bitcoin has always a potential to have higher and higher price possibility.

MariusAr

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I would buy more because it will grow back .

jonatuzc

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Quote from: richardsNY on July 29, 2016, 08:53:38 PM

Quote from: dinda22 on July 29, 2016, 01:44:54 PM

Quote from: CryingMidget on July 29, 2016, 01:27:34 PM

Quote from: HateEU on July 29, 2016, 11:19:30 AM

Bitcoin price will never be 1$ or lower because it is toi strong cryptucurrenc to that happent and it is first cryptocurrency in the world.

If the price drops down to $1, then there must be a better alternative that has more potential than bitcoin. Clearly at that point, something terrible must have happened to bitcoin which makes it unusable and unwanted. The demand must be next to none, and that would be reflected in my options.

and it is clear, bitcoin will be destroyed, but you can take advantage if you are willing to take risks, buying as much as possible, then sell when it reaches $2 or more. after that you get a lot of advantages, and bitcoin in the end might not be a lot of people are using.

No matter how bad a certain situation may look, there is always an opportunity to make a lot money in quite a short time. As you also said, if you buy at $1 and sell at $2 you'll double your money without much problems. I think I would definitely buy myself around 10,000 BTC priced at $1 each. If the price doubles I'll sell 5000 BTC and take my $10,000 back. Then I have 5000 BTC left which I will hold for a very long time to see where it goes.

I would have done the same, except I would only be buying at most 5000BTC since I don't really have that much of a capital to spend. But buying so, purely based on the speculation of bitocin's future similar to what we have now a days. If anything is got different from that, then that might be a risk threatening risk for myself.

Xinarae

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i'm guess bitcoin would not dropped again to $/1 . and if this happens now ear may bitcoin will be dust coin. some wrong there happens.

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