If bitcoin dropped to $1, what you do? - page 31.

dunfida

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Quote from: Mastsetad on July 28, 2016, 07:15:53 AM

Quote from: Vannterson on July 28, 2016, 07:03:08 AM

Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.

I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point?

Yes there would be a big problem if bitcoins price would drop low like that and surely many investors would lost its faith in bitcoin or some may panic buying if the price gradually decrease its price. There were still high risk takers still hold or even buy more bitcoin if the price would drop to the lowest.

8Habits

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Quote from: Mastsetad on July 28, 2016, 07:15:53 AM

Quote from: Vannterson on July 28, 2016, 07:03:08 AM

Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.

I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point?

It happened in bitcoin that it dropped its price big time. There were big factors that losses some trust by bitcoin investors but it proves its worth and now rising again. In fact, there are big investors now that invest millions of dollars in bitcoin now.

Mastsetad

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Quote from: Vannterson on July 28, 2016, 07:03:08 AM

Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.

I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point?

Vannterson

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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.

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Quote from: windale on July 27, 2016, 11:06:08 PM

very imposible if bitcoin down and drop until price every one bitcoin only one dollar
but if happen bitcoin down one dolllar every one bitcoin
i thin bitcoin can't use transaction agan because every transcation txt want miner
is price every low not only one miner want mining again

That's right it's just a dream for bitcoin dropping into $1 for each, and I sure about that and maybe the miner will be retire from bitcoin and who wanna to giving a big support for bitcoin if the miners are retired from bitcoin?

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Quote from: romero121 on July 27, 2016, 08:57:01 PM

Most users were highly aware of the potential it has got due to the growth in a short term as well touch peak price's compared to other digital currencies. I don't think or expect price to touch $1, unlike the price I buy whenever its possible for me.

But the question was a "what if" OP wasn't asking about whether it would be possible for that to happen or not but it's true though that the devs and the whales wouldn't want that to happen. However, if it did happen, I'm not really sure what's going to happen next or what I'll be doing since it would depend on the situation of bitcoin by that time whether bitcoin is still used as a currency or it is already dropped.

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Quote from: ImHash on July 27, 2016, 11:23:38 PM

unlikely doubtfully ever bitcoin drops that low, if it was possible to do something to make the price dump that much then people wouldn't have invest and adopt it in the first place to grow the price day by day.

I know there are still some people that are going to invest for sometime if the price of bitcoin is going to reach that very low level.
But I do believe there are also people that are going to invest on that low price with bitcoin as we all know that bitcoin is the most popular crypto at all. So, when more people are going to invest, the demand of it is going to be high as well as the price.

ImHash

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unlikely doubtfully ever bitcoin drops that low, if it was possible to do something to make the price dump that much then people wouldn't have invest and adopt it in the first place to grow the price day by day.

windale

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very imposible if bitcoin down and drop until price every one bitcoin only one dollar
but if happen bitcoin down one dolllar every one bitcoin
i thin bitcoin can't use transaction agan because every transcation txt want miner
is price every low not only one miner want mining again

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Quote from: madwica on July 27, 2016, 09:50:09 PM

If that would happen i will invest thousand of dollars because i know after the dump of price it have a pump then profit will rain on my wallet, but i know it is very impossible to happen right now even in the future because i know that bitcoin have a great future to be great digital currency.

Thats a big risk if you decide to buy thousand of dollars on buying bitcoin since you cant guarantee if it would pump again, in my opinion if bitcoin price would dropped like that its price i think theres a big problem with the coin theres only two ways gonna happen its either gonna pump up or dump forever.

madwica

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If that would happen i will invest thousand of dollars because i know after the dump of price it have a pump then profit will rain on my wallet, but i know it is very impossible to happen right now even in the future because i know that bitcoin have a great future to be great digital currency.

deadsilent

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Thats gonna be the best time to buy bitcoins because of price drop. But its impossible tho. Surely you could earn a lot when that happen cause its going to rise. But when anyone has no interest on bitcoin. Thats gonna hurt. You are devastated.

romero121

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Most users were highly aware of the potential it has got due to the growth in a short term as well touch peak price's compared to other digital currencies. I don't think or expect price to touch $1, unlike the price I buy whenever its possible for me.

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Even with problems in the network, the developers would resolve efficiently, there are very competent guys in the team.

ronaldo40

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Quote from: OrangeII on July 27, 2016, 01:22:19 PM

Quote from: ronaldo40 on July 27, 2016, 01:11:27 PM

Quote from: RoommateAgreement on July 27, 2016, 12:24:08 PM

Quote from: mishra1994 on July 27, 2016, 11:12:37 AM

Quote from: Blackmet on July 27, 2016, 11:08:59 AM

I will buy a lot of coins cause if bitcoin increase price even on 1$ more, i will get easiest profit ever, bitcoin is always recovering after this price drops.

Many of us said that they will buy alot of bitcoins if bitcoin price ever reaches 1$ and all these users and users all around the world would do the same.So a lot of demand to buy bitcoins all over the world then obviously bitcoin price will grow up again quickly.So who just able to do it in time can achieve a lot profit.
Oh but thats all depend on if,which i dont think never going to happen.

people are going to start buying bitcoin long before it even gets close to that idiotic price. even if price goes down to $599 people are going to flood exchanges with fiat to buy bitcoin before missing out and that is what they call resistance.

yes you are right, when the price falls may people have panic to sell it. but when the price fell to $1 it is good to buy as much as possible.

Well, I guess if the price is really dropped to $ 1, I think it's a good thing for some people. possible for he who does not keep bitcoin, it is a gold mine for them, but for those who have long maintained a bitcoin they have so far, I think it really hurt, but if the price drops quickly, maybe I'll sell bitcoin I have quickly

actually if bitcoin prices fell to $1, it is a destruction of bitcoin. but some people will think of buying as much as possible, but it is risky. but if you are lucky, this could be a great advantage. but after that bitcoin will really destroyed and no interest anymore.

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Quote from: ronaldo40 on July 27, 2016, 01:11:27 PM

Quote from: RoommateAgreement on July 27, 2016, 12:24:08 PM

Quote from: mishra1994 on July 27, 2016, 11:12:37 AM

Quote from: Blackmet on July 27, 2016, 11:08:59 AM

I will buy a lot of coins cause if bitcoin increase price even on 1$ more, i will get easiest profit ever, bitcoin is always recovering after this price drops.

Many of us said that they will buy alot of bitcoins if bitcoin price ever reaches 1$ and all these users and users all around the world would do the same.So a lot of demand to buy bitcoins all over the world then obviously bitcoin price will grow up again quickly.So who just able to do it in time can achieve a lot profit.
Oh but thats all depend on if,which i dont think never going to happen.

people are going to start buying bitcoin long before it even gets close to that idiotic price. even if price goes down to $599 people are going to flood exchanges with fiat to buy bitcoin before missing out and that is what they call resistance.

yes you are right, when the price falls may people have panic to sell it. but when the price fell to $1 it is good to buy as much as possible.

Well, I guess if the price is really dropped to $ 1, I think it's a good thing for some people. possible for he who does not keep bitcoin, it is a gold mine for them, but for those who have long maintained a bitcoin they have so far, I think it really hurt, but if the price drops quickly, maybe I'll sell bitcoin I have quickly

ronaldo40

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Quote from: RoommateAgreement on July 27, 2016, 12:24:08 PM

Quote from: mishra1994 on July 27, 2016, 11:12:37 AM

Quote from: Blackmet on July 27, 2016, 11:08:59 AM

I will buy a lot of coins cause if bitcoin increase price even on 1$ more, i will get easiest profit ever, bitcoin is always recovering after this price drops.

Many of us said that they will buy alot of bitcoins if bitcoin price ever reaches 1$ and all these users and users all around the world would do the same.So a lot of demand to buy bitcoins all over the world then obviously bitcoin price will grow up again quickly.So who just able to do it in time can achieve a lot profit.
Oh but thats all depend on if,which i dont think never going to happen.

people are going to start buying bitcoin long before it even gets close to that idiotic price. even if price goes down to $599 people are going to flood exchanges with fiat to buy bitcoin before missing out and that is what they call resistance.

yes you are right, when the price falls may people have panic to sell it. but when the price fell to $1 it is good to buy as much as possible.

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Quote from: mishra1994 on July 27, 2016, 11:12:37 AM

Quote from: Blackmet on July 27, 2016, 11:08:59 AM

I will buy a lot of coins cause if bitcoin increase price even on 1$ more, i will get easiest profit ever, bitcoin is always recovering after this price drops.

Many of us said that they will buy alot of bitcoins if bitcoin price ever reaches 1$ and all these users and users all around the world would do the same.So a lot of demand to buy bitcoins all over the world then obviously bitcoin price will grow up again quickly.So who just able to do it in time can achieve a lot profit.
Oh but thats all depend on if,which i dont think never going to happen.

people are going to start buying bitcoin long before it even gets close to that idiotic price. even if price goes down to $599 people are going to flood exchanges with fiat to buy bitcoin before missing out and that is what they call resistance.

xdrpx

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I doubt the price of Bitcoin would go down to 1$. But when people see signs of steep drop in price they will eventually short it just to be safe. I'd do the same before it drops too steeply and then probably buy several at 1$ considering the events that caused it to drop that sharply. But ofcourse, this is not very realistic considering how stable the price of Bitcoin is these days.

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Quote from: Blackmet on July 27, 2016, 11:08:59 AM

I will buy a lot of coins cause if bitcoin increase price even on 1$ more, i will get easiest profit ever, bitcoin is always recovering after this price drops.

though i dont think that the price of the bitcoin is not going to go back, in my opinion it would be really hard because a lot of people would be dumping

Topic: If bitcoin dropped to $1, what you do? - page 31. (Read 98138 times)