If bitcoin dropped to $1, what you do? - page 41.

uname

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Quote from: skyway1 on July 05, 2016, 11:58:54 PM

if Bitcoin drop to $1 i will buy more bitcoin and keep it hold till then price going to increase because bitcoin get more increasing his price in the future .

The only prediction you if the price will go up? what if prices do not rise even bitcoin be dead?
what would you do with many bitcoin in your wallet? I think you're going to bother with it

Enotche

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Quote from: JeffBrad12 on July 07, 2016, 01:39:51 AM

Quote from: erickkyut on July 05, 2016, 11:32:18 PM

I will buy more and hold it till it increase its value again. But as early as now, I'm already trying the other crypto currency like Ethereum. You should have a back up. But I think, it is really impossible for Bitcoin to drop to 1$ if you will based on its performance now and I hope that it wont really happen.

But it's better to not only relies on bitcoin, just trying another crypto if sometimes bitcoin getting their weakness. you must have a reserve minimal just 1 another cryptocurrency. sometimes its will very useful if the main currency in your way getting a weakness at that time.

Correctly! We need to diversify personal assets.
Nobody unaware that will happen to Bitcoin in the future. And as it can take the government. However, they say that in the distant future, Bitcoin will be on par with other cryptocurrency.
Moreover, judging by the current events related to the increase in prices Bitcoin, we see altcoins dropped in price. It can be concluded that if the Bitcoin will lose price, altcoins grow.

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Quote from: erickkyut on July 05, 2016, 11:32:18 PM

I will buy more and hold it till it increase its value again. But as early as now, I'm already trying the other crypto currency like Ethereum. You should have a back up. But I think, it is really impossible for Bitcoin to drop to 1$ if you will based on its performance now and I hope that it wont really happen.

But it's better to not only relies on bitcoin, just trying another crypto if sometimes bitcoin getting their weakness. you must have a reserve minimal just 1 another cryptocurrency. sometimes its will very useful if the main currency in your way getting a weakness at that time.

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Quote from: jossiel on July 06, 2016, 09:00:54 PM

Quote from: sobsitesearch on July 06, 2016, 08:54:15 PM

Quote from: jossiel on July 06, 2016, 08:36:45 PM

Quote from: Doamader on July 06, 2016, 06:04:07 PM

I believe i would invest around 200-500 dollars to get a good ammount of bitcoin, soo when the darkeness around it runs away i could make insane ammount or atleast to be able to tell the history of bitcoin to my family when i get older.

Wow that's a kinda big invested on it. But if the price fluctuated even another $1 then you are going to earn already maybe half of your investment.
And that's what I'm going to do also.
But maybe I can just afford to invest about $100-$300 bucks by that time.

This is very impossible but as your question if bitcoin will drop to $1 i think i will invest $1000 - $2000 and i will just hold and sell it if the price will get doubled or triple the amount of my investment.
And i agree with you that you can only invest what you can afford to lose.

We know it, that it is very impossible today because bitcoin is already on its way to the top but this is just a speculation.
And wow you have a lot more capital than ours.
For sure you are going to get more profit once it fluctuates to $2.

i think if the bitcoin hit $1 i will buying a lot and holding it until reach $1000 again so i can get 1000% profit Cheesy

i doubt bitcoin will fail to $1 rate, but maybe in future if new technology coming,and new technology replace bitcoin, then people leave bitcoin.

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Quote from: sobsitesearch on July 06, 2016, 08:54:15 PM

Quote from: jossiel on July 06, 2016, 08:36:45 PM

Quote from: Doamader on July 06, 2016, 06:04:07 PM

I believe i would invest around 200-500 dollars to get a good ammount of bitcoin, soo when the darkeness around it runs away i could make insane ammount or atleast to be able to tell the history of bitcoin to my family when i get older.

Wow that's a kinda big invested on it. But if the price fluctuated even another $1 then you are going to earn already maybe half of your investment.
And that's what I'm going to do also.
But maybe I can just afford to invest about $100-$300 bucks by that time.

This is very impossible but as your question if bitcoin will drop to $1 i think i will invest $1000 - $2000 and i will just hold and sell it if the price will get doubled or triple the amount of my investment.
And i agree with you that you can only invest what you can afford to lose.

We know it, that it is very impossible today because bitcoin is already on its way to the top but this is just a speculation.
And wow you have a lot more capital than ours.
For sure you are going to get more profit once it fluctuates to $2.

sobsitesearch

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Quote from: jossiel on July 06, 2016, 08:36:45 PM

Quote from: Doamader on July 06, 2016, 06:04:07 PM

I believe i would invest around 200-500 dollars to get a good ammount of bitcoin, soo when the darkeness around it runs away i could make insane ammount or atleast to be able to tell the history of bitcoin to my family when i get older.

Wow that's a kinda big invested on it. But if the price fluctuated even another $1 then you are going to earn already maybe half of your investment.
And that's what I'm going to do also.
But maybe I can just afford to invest about $100-$300 bucks by that time.

This is very impossible but as your question if bitcoin will drop to $1 i think i will invest $1000 - $2000 and i will just hold and sell it if the price will get doubled or triple the amount of my investment.
And i agree with you that you can only invest what you can afford to lose.

jossiel

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Quote from: Doamader on July 06, 2016, 06:04:07 PM

I believe i would invest around 200-500 dollars to get a good ammount of bitcoin, soo when the darkeness around it runs away i could make insane ammount or atleast to be able to tell the history of bitcoin to my family when i get older.

Wow that's a kinda big invested on it. But if the price fluctuated even another $1 then you are going to earn already maybe half of your investment.
And that's what I'm going to do also.
But maybe I can just afford to invest about $100-$300 bucks by that time.

Doamader

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I believe i would invest around 200-500 dollars to get a good ammount of bitcoin, soo when the darkeness around it runs away i could make insane ammount or atleast to be able to tell the history of bitcoin to my family when i get older.

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Quote from: Cusdonard on July 06, 2016, 06:55:43 AM

Quote from: skyway1 on July 05, 2016, 11:58:54 PM

if Bitcoin drop to $1 i will buy more bitcoin and keep it hold till then price going to increase because bitcoin get more increasing his price in the future .

The bitcoin price will not drop below $500 in the next few months unless there is a big bug in the SegWit.

Yup. It is a little misleading to ask this question because there is nearly no chance of this happening at the moment, unless there is indeed something wrong in the segwit.

Yamifoud

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If there is nothing fundamentally wrong, I will hold my bitcoins. If there is root problem of bitcoin, I will not touch it.

8Habits

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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.

I do the same OP, I would buy more bitcoin when the price dropped. I'll take it as a BIG sale every time I see a drop of bitcoin price. It will then be a best buy for me!

the way we see it and how we mind set on every price drop really matters, because some people do panic every drop and sell their bitcoins - for me it is not a wise move.

HellSpawn.

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I'll do what I always do HOLD until death, I only sell what I need to keep my body Alive. (Eat and Drink water) Tongue

hermanhs09

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Quote from: bennasilbuyukadamolucam on July 06, 2016, 07:30:22 AM

I probably would buy BTC as much as I can. You never know what happens the price, There are a lot of things that effect BTC value on market.

I would do the same as you,and probably as anyone here.
The funny thing is that everybody say's that he will buy an insane amount of them,but im pretty sure that if it would really get down to 1$ not much ppl could buy a lot of them
I would sell my whole property and invest whole my life into bitcoin Cheesy

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I probably would buy BTC as much as I can. You never know what happens the price, There are a lot of things that effect BTC value on market.

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Quote from: Cusdonard on July 06, 2016, 06:55:43 AM

Quote from: skyway1 on July 05, 2016, 11:58:54 PM

if Bitcoin drop to $1 i will buy more bitcoin and keep it hold till then price going to increase because bitcoin get more increasing his price in the future .

The bitcoin price will not drop below $500 in the next few months unless there is a big bug in the SegWit.

segwit is being tested right now and they are working on it on every angle so that it won't have any bugs. besides even if it had bugs it wouldn't cause a crash unless people spread FUD and the bug needs to be something huge and unfixable which is highly unlikely to happen.

erickkyut

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Quote from: Cusdonard on July 06, 2016, 06:55:43 AM

Quote from: skyway1 on July 05, 2016, 11:58:54 PM

if Bitcoin drop to $1 i will buy more bitcoin and keep it hold till then price going to increase because bitcoin get more increasing his price in the future .

The bitcoin price will not drop below $500 in the next few months unless there is a big bug in the SegWit.

we cant conclude that yet. nothing is impossible. no one knows the future. anything can happen anytime just like with DAo and Ethereum. They got hacked then suddenly their value decreases in no time. We should always expect the unexpected and prepared ourselves for whatever might happen. I'm just hoping that the value of bitcoin will not decrease to 1$.

Cusdonard

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Quote from: skyway1 on July 05, 2016, 11:58:54 PM

if Bitcoin drop to $1 i will buy more bitcoin and keep it hold till then price going to increase because bitcoin get more increasing his price in the future .

The bitcoin price will not drop below $500 in the next few months unless there is a big bug in the SegWit.

erickkyut

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Quote from: jossiel on July 05, 2016, 11:41:11 PM

Quote from: erickkyut on July 05, 2016, 11:32:18 PM

I will buy more and hold it till it increase its value again. But as early as now, I'm already trying the other crypto currency like Ethereum. You should have a back up. But I think, it is really impossible for Bitcoin to drop to 1$ if you will based on its performance now and I hope that it wont really happen.

Because when we tend to buy again bitcoins by that time and we are really so many. The demand of bitcoin is going to increase again, tendency of it is the price of bitcoin is going to fluctuate higher again.

Yes. just apply the law of supply and demand. If the demand is high, the price will increase and if the supply is high, the price will decrease. I learned it from my Economics class during high school Cheesy

It is really helpful for me nowadays. I'm thankful that I did not do any class cutting during those days Cheesy

skyway1

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if Bitcoin drop to $1 i will buy more bitcoin and keep it hold till then price going to increase because bitcoin get more increasing his price in the future .

jossiel

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Quote from: erickkyut on July 05, 2016, 11:32:18 PM

I will buy more and hold it till it increase its value again. But as early as now, I'm already trying the other crypto currency like Ethereum. You should have a back up. But I think, it is really impossible for Bitcoin to drop to 1$ if you will based on its performance now and I hope that it wont really happen.

Because when we tend to buy again bitcoins by that time and we are really so many. The demand of bitcoin is going to increase again, tendency of it is the price of bitcoin is going to fluctuate higher again.

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