If bitcoin dropped to $1, what you do? - page 35.

goinmerry

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Quote from: dunfida on July 19, 2016, 10:40:31 PM

Quote from: shugareward on July 17, 2016, 11:44:55 AM

who knows how bitcoin would take such a disaster, but I say best decision would be buy alot of bitcoins and hope that price will rebound and after that take the nice profit.

if bitcoins price would drop as low as $1 maybe theres problem but buying lots of coins would be the best decision as you said since bitcoin price would increase back and if it happens then all who bought bitcoin would gain profit or even make them rich.

If it will gain back its price then it is sure profit. But what if it will just become another altcoin that dies. When you go to Yobit you will see a lot of coins that are created started with a high amount then in just a week dies. Scam or not if there is no supporter it cannot gain a hike.

batang_bitcoin

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Quote from: Zadicar on July 19, 2016, 09:50:38 PM

I'll buy 10000 Bitcoins if the price would go back to $1 and hold it and wait for the price increase to its peak. I'm sure I would gain big profit out of it. But I think it's impossible. To happen on such speculation since Bitcoins price is increasing everyday,month,year.

Wow that is a lot of bitcoins if you are going to buy bitcoins with that amount. And for sure even the price is going to increase with even just $0.5
you are going to earn fast with that quantity of bitcoins.
Quantity dominates with the price of bitcoin.

dunfida

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Quote from: shugareward on July 17, 2016, 11:44:55 AM

who knows how bitcoin would take such a disaster, but I say best decision would be buy alot of bitcoins and hope that price will rebound and after that take the nice profit.

if bitcoins price would drop as low as $1 maybe theres problem but buying lots of coins would be the best decision as you said since bitcoin price would increase back and if it happens then all who bought bitcoin would gain profit or even make them rich.

Zadicar

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I'll buy 10000 Bitcoins if the price would go back to $1 and hold it and wait for the price increase to its peak. I'm sure I would gain big profit out of it. But I think it's impossible. To happen on such speculation since Bitcoins price is increasing everyday,month,year.

boyptc

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Quote from: peta4e on July 19, 2016, 03:50:25 PM

Quote from: ezehy2014 on July 19, 2016, 03:45:58 PM

I will go to church and pray to God so that the price of bitcoin will rise again to it's normal state

Bitcoin has an potential to rise again so if we can have faith in it then we should buy as much as possible or else just hold the existing ones to see the price hike once again.

If the price is going to be at that price I am going to buy as many as I can and going to hold it until the price is going to reach again a good price for sure.
Because if many are going to buy bitcoins it is going to be another rake for bitcoins price.

madwica

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For me if bitcoin goes down at $1 i will buy thousands of bitcoin because i know that after the down price there are price hike and bitcoin has a potential to be a great digital currency in the future.

Sorrowfox

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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.

Well, a bitcoin equivalent to 1 dollar is not impossible. That is possible in any type of currency and it happens when there is a very large quantity of bitcoins circulating in the economy and there is no much demand for it. If that happens, I will still hold it and I would even buy more because for sure its price will still go up. Well maybe not as high as its current price but above the 1 dollar and maybe I will consider buying altcoin like monero and etherium.

peta4e

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Quote from: ezehy2014 on July 19, 2016, 03:45:58 PM

I will go to church and pray to God so that the price of bitcoin will rise again to it's normal state

Bitcoin has an potential to rise again so if we can have faith in it then we should buy as much as possible or else just hold the existing ones to see the price hike once again.

ezehy2014

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I will go to church and pray to God so that the price of bitcoin will rise again to it's normal state

umaOuma

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Quote from: AioFox on July 19, 2016, 02:51:33 PM

Thats not possible, the said price and other will that oppurtunity to buy more bitcoin because bitcoin had potential bounce back to its price as history says, i really relay on bitcoins history thats why i believe on bitcoin and benifits of it.

I think people are treating bitcoin as a joke and that is the reason they are expecting the unexpected from it and to be honest I don't think that bitcoin will fall that low ever in future.

AioFox

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Thats not possible, the said price and other will that oppurtunity to buy more bitcoin because bitcoin had potential bounce back to its price as history says, i really relay on bitcoins history thats why i believe on bitcoin and benifits of it.

AioFox

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Quote from: 20kevin20 on July 17, 2016, 11:34:42 AM

Well, I obviously wouldn't kill myself. I wouldn't withdraw either, I mean come on, man..... How many of us would be able to withdraw even $50 if this would happen? I don't think there are many of us who would be able to. I would just keep it there and hope for an increase of price.

I agree with this guy; if you spent most of years woring hard and earning bitcoin and in the end only get 1/600th of it, that would really piss me off. I would just wait and see what happens next. Otherwise iif nothing happens, a lot of signature campaigns would shut down, including faucets, all those projects centered around bitcoin would die.

fkvidar

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Quote from: bravehearth0319 on July 19, 2016, 02:15:36 PM

I will still buy more bitcoins even if it is 1$ only, as long as there is a price value of bitcoins my belief will never stop to it. Except if the price of bitcoins will drop into zero thats the for me to stop due it has no value anymore.

There is no more difference in $1 and $0 price its almost same, so even if it falls to $1 many people will stop believing in it and will stop investing their money into it.

bravehearth0319

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I will still buy more bitcoins even if it is 1$ only, as long as there is a price value of bitcoins my belief will never stop to it. Except if the price of bitcoins will drop into zero thats the for me to stop due it has no value anymore.

kryptqnick

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Quote from: 20kevin20 on July 17, 2016, 11:34:42 AM

Well, I obviously wouldn't kill myself. I wouldn't withdraw either, I mean come on, man..... How many of us would be able to withdraw even $50 if this would happen? I don't think there are many of us who would be able to. I would just keep it there and hope for an increase of price.

I absolutely agree with that. We all will wait for the better times

angaper

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It is true that in the altcoins market everything is possible, but it would be needed the conjunction of a lot of unfortunate events to see such a dramatic drop in the bitcoin price. But seeing how the DAO and ethereum have kept a good price despite their recent failure, it seems really difficult that something could lead the bitcoin price to $1.

pishop98

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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.

Well because price wouldn't drop to 1$ in 5 minutes, so when i would notice that price drops, i would sell all or some of my coins, so i would be safe from losing all of my money in bitcoins, so i would be pretty safe

And when price would be that low like 1$, i would probably buy like 50 or even 100 bitcoins and i would keep them till price will rise, and i am pretty sure that bitcoins price would rise back, price of bitcoin always rises after price falls

shugareward

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who knows how bitcoin would take such a disaster, but I say best decision would be buy alot of bitcoins and hope that price will rebound and after that take the nice profit.

socks435

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I'm looking for free spin.

Its obvious that it will not happen i notice right now that the price is gradually increasing.. the price right now is to far from $1 the price now is 680.. and this is a good sign that the price will hit soon at 700 value..

phreaky

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Quote from: 20kevin20 on July 17, 2016, 11:34:42 AM

Well, I obviously wouldn't kill myself. I wouldn't withdraw either, I mean come on, man..... How many of us would be able to withdraw even $50 if this would happen? I don't think there are many of us who would be able to. I would just keep it there and hope for an increase of price.

I would take my loss as a man.
On the same hand I would buy more bitcoins, so my buying price would go down enormously. Then I would apply the same strategy.. Hold.

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