If bitcoin dropped to $1, what you do? - page 5.

co5hike

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Quote from: 2girls on August 21, 2016, 11:30:55 AM

Quote from: Corenin on August 21, 2016, 10:09:41 AM

Quote from: Spirit2016 on August 21, 2016, 09:46:29 AM

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.

I think that this will not pay off even in a nightmare. If so bitcoin falls, it will be a terrible panic market.

That's true people who have invested lot of money in bitcoins will surely get panic and even go bankrupt if price goes to that low level in future and it will completely destroy bitcoin as a currency.

One dollar per bitcoin price is like a bad dream. I hope it will never happen. and if it happens,
i will quit bitcoins for sure.

Many users will follow the same as they will prefer to quit bitcoin if price goes that low in future as I think that there will be no scope for bitcoin to grow once again.

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Quote from: Corenin on August 21, 2016, 10:09:41 AM

Quote from: Spirit2016 on August 21, 2016, 09:46:29 AM

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.

I think that this will not pay off even in a nightmare. If so bitcoin falls, it will be a terrible panic market.

That's true people who have invested lot of money in bitcoins will surely get panic and even go bankrupt if price goes to that low level in future and it will completely destroy bitcoin as a currency.

One dollar per bitcoin price is like a bad dream. I hope it will never happen. and if it happens,
i will quit bitcoins for sure.

katrimans

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Quote from: Doamader on August 20, 2016, 07:21:12 AM

Quote from: vindicare on August 20, 2016, 01:58:00 AM

Change to another coin cause for sure the reason why the price of bitcoin drops like that is it is been replace by other coin . But I think it is impossible because bitcoin has many investor that it can be easily be down to that low price range .

The only problem should be that all altcoins would dump together with bitcoin, as they are all connected to xxx/btc, sure some coin would boom and try to take bitcoin place but i really doubt the crypto world would be able to survice if bitcoin went down such to 1 dollar.

I too doubt that the alts would survive without bitcoins since if that happens, then the impact would be that the cryptos are only risky investments and people would rather go and stay away from them.
Either way, I doubt bitcoin would drop to $1. Well, at least not in this era.

Corenin

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Quote from: Spirit2016 on August 21, 2016, 09:46:29 AM

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.

I think that this will not pay off even in a nightmare. If so bitcoin falls, it will be a terrible panic market.

That's true people who have invested lot of money in bitcoins will surely get panic and even go bankrupt if price goes to that low level in future and it will completely destroy bitcoin as a currency.

Spirit2016

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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.

I think that this will not pay off even in a nightmare. If so bitcoin falls, it will be a terrible panic market.

aesma

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Sometimes I wonder if bots are writing some of the posts on this forum.

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Quote from: aesma on August 21, 2016, 07:14:20 AM

Many people here don't seem to understand bitcoin at all. Bitcoin at 1$ can't happen. As it drops, either there is no particular flaw and the drop won't go too far, or there is a big flaw and bitcoin will simply die. Miners will stop their hardware, and you won't be able to even send or receive bitcoin, let alone exchange it for fiat.

Of course we all know that bitcoin is not going to fall at $1 but op is just getting the opinion of the people here and majority tells that it is going to be a good time for buying a lot of bitcoins. Because falling of bitcoin is going to be happen only for a short time and mostly the rising of price is going to be longer than its downfall.

If bitcoin falls to $1 then it will be the best time to collect maximum coins, as everyone is sure that it has an potential to rise again in future, so after that even if it reaches to $100 then it will be a great profit to earn.

Wilhelmer

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If that ever happens, I sure hope everyone else has their $$$ in other altcoins! And hopefully by that time, most solid altcoins are not paired with mainly BTC, but also with FIAT. As soon as a good altocin is paired with FIAT, all is good

aesma

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Many people here don't seem to understand bitcoin at all. Bitcoin at 1$ can't happen. As it drops, either there is no particular flaw and the drop won't go too far, or there is a big flaw and bitcoin will simply die. Miners will stop their hardware, and you won't be able to even send or receive bitcoin, let alone exchange it for fiat.

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Quote from: Positid on August 21, 2016, 06:34:05 AM

Quote from: tampazeus on August 21, 2016, 06:17:46 AM

Quote from: Mastsetad on August 21, 2016, 06:10:55 AM

Quote from: uname on August 21, 2016, 01:01:56 AM

Quote from: mikehersh2 on August 20, 2016, 12:22:20 PM

I would hold out and wait patiently until the price rises back to what it was before.

yeah I think it is better to wait and see situation before taking a decision. if you want to buy make sure the volume of exchange is not always down, and then i will buy it

Exactly, if bitcoins drops to that amount then all we can do is to wait a bit and see if the problem which made it reach there gets solved and whether it can grow again or not, if it starts growing again then that would be the best time to invest, and if it does not has any potential to grow again then moving to another thing would be better.

Yes and if it falls that low then that must be really a serious problem behind it, and investing on the spot would be wrong decision but if it starts rising from there then we can afford to invest in it.

I would not bother investing that amount even if at $5, I know it will happen when there is serious problem about bitcoin but God forbid it will not happen that way, I have so many dreams for the future and the funds that I will be using is my income from investing in bitcoin.

Yes and I think we should be positive about bitcoin that it will keep on rising in future, and falling to $1 sounds unrealistic and impractical, and I am sure we will never see that price in future.

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Quote from: tampazeus on August 21, 2016, 06:17:46 AM

Quote from: Mastsetad on August 21, 2016, 06:10:55 AM

Quote from: uname on August 21, 2016, 01:01:56 AM

Quote from: mikehersh2 on August 20, 2016, 12:22:20 PM

I would hold out and wait patiently until the price rises back to what it was before.

yeah I think it is better to wait and see situation before taking a decision. if you want to buy make sure the volume of exchange is not always down, and then i will buy it

Exactly, if bitcoins drops to that amount then all we can do is to wait a bit and see if the problem which made it reach there gets solved and whether it can grow again or not, if it starts growing again then that would be the best time to invest, and if it does not has any potential to grow again then moving to another thing would be better.

Yes and if it falls that low then that must be really a serious problem behind it, and investing on the spot would be wrong decision but if it starts rising from there then we can afford to invest in it.

I would not bother investing that amount even if at $5, I know it will happen when there is serious problem about bitcoin but God forbid it will not happen that way, I have so many dreams for the future and the funds that I will be using is my income from investing in bitcoin.

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Quote from: jt byte on April 15, 2016, 07:16:05 PM

I will buy up as much as I can in the least amount of time possible. That is for sure. Wink

Spot on my friend that's exactly what i would do just because it's dropped an insane amount doesn't mean it isn't going to rise again this would be a perfect oppurtunity to buy tons of them Grin

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Quote from: JessicaSe on August 20, 2016, 06:52:13 AM

Quote from: Jasad on August 20, 2016, 02:37:22 AM

Quote from: wibuindon on August 20, 2016, 12:02:03 AM

if that happens I will buy all of bitcoin and wait until normal price Grin

are you sure? then why you did not do it back in 2009 or 2010?
noone knows what will happened if bitcoin dropped and crashed to $1 ,
mostly will just get panic and sell all bitcoin they have instead buy it as many as you can ,
when it happened you will just think bitcoin era are almost over.

Its very easy to say that we will buy to maximum extent but in real life people would surely get panic if they see that low price of bitcoin and would not prefer to invest in it.

nah you know that , and i believe everyone will have same feeling ,
especially when you put a large amount on your investment ,
lets say you bought 100,000 bitcoin at $1 price and then the price dropped to $0.5 ,
you have lost half value and i am sure you will do panic sell.

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Quote from: Mastsetad on August 21, 2016, 06:10:55 AM

Quote from: uname on August 21, 2016, 01:01:56 AM

Quote from: mikehersh2 on August 20, 2016, 12:22:20 PM

I would hold out and wait patiently until the price rises back to what it was before.

yeah I think it is better to wait and see situation before taking a decision. if you want to buy make sure the volume of exchange is not always down, and then i will buy it

Exactly, if bitcoins drops to that amount then all we can do is to wait a bit and see if the problem which made it reach there gets solved and whether it can grow again or not, if it starts growing again then that would be the best time to invest, and if it does not has any potential to grow again then moving to another thing would be better.

Yes and if it falls that low then that must be really a serious problem behind it, and investing on the spot would be wrong decision but if it starts rising from there then we can afford to invest in it.

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Quote from: uname on August 21, 2016, 01:01:56 AM

Quote from: mikehersh2 on August 20, 2016, 12:22:20 PM

I would hold out and wait patiently until the price rises back to what it was before.

yeah I think it is better to wait and see situation before taking a decision. if you want to buy make sure the volume of exchange is not always down, and then i will buy it

Exactly, if bitcoins drops to that amount then all we can do is to wait a bit and see if the problem which made it reach there gets solved and whether it can grow again or not, if it starts growing again then that would be the best time to invest, and if it does not has any potential to grow again then moving to another thing would be better.

uname

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Quote from: mikehersh2 on August 20, 2016, 12:22:20 PM

I would hold out and wait patiently until the price rises back to what it was before.

yeah I think it is better to wait and see situation before taking a decision. if you want to buy make sure the volume of exchange is not always down, and then i will buy it

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Quote from: Wandering Soul~ on August 21, 2016, 12:14:12 AM

To buy more and hold it is the recommended thing to do. This price increase and decrease happens a lot so lets trust bitcoin

Yeah, I think it is great if we buy bitcoin as much as possible because it is cheap and holding bitcoin be one way to gain an advantage. I personally strongly believe in this digital currency. thanks

Wandering Soul~

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To buy more and hold it is the recommended thing to do. This price increase and decrease happens a lot so lets trust bitcoin

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Quote from: delliaerd on August 20, 2016, 10:08:19 PM

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Quote from: mikehersh2 on August 20, 2016, 12:22:20 PM

I would hold out and wait patiently until the price rises back to what it was before.

At this very moment, holding and buying is the wise move. Selling bitcoins is not ideal because the price is going down at the moment, although only sell bitcoins that is above the price you bought it - by low, sell high is the way to go.

Price of bitcoin will surely bounce back and rise again - I see no reason it continue fluctuating downwards because people are investing and there are regular people who transacts bitcoin on a daily basis.

Bitcoin really bounce back and rise again! This happening right now the falling price of bitcoin its a sign to buy a bitcoin and store it and wait it to rise again and sell Cheesy

thats the good strategy that we should do now Cheesy

Then really the price of bitcoin is only $1 then its time to buy a many bitcoin Cheesy

i couldn't agree more with you guys. everyone sure when bitcoin drop until one dollars each coin, will so many people buy at that lowest price but consequently the price will up soon because volume bitcoin also increase. it will make the fluctuation up fastly.

It may depend on what things would be considered first by the investors. Dropping bitcoins price at $1/coin is a total disaster even you said that its the best time to buy bitcoin but the question is? how many would by? is it stable or would pump again if someone would buy? For sure many would lost their trust to bitcoin at that moment and the decision to buy more is not easy anymore and definitely theres a new coin would be better than bitcoin in that time.

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Quote from: gerXhonza on August 20, 2016, 10:07:02 AM

I don't think we will ever see that low price of bitcoin in future, and if it goes that low then I will surely quit bitcoins and may switch to some other product from where I can earn profits.

I agree, very unlikely to happen, except for network failures.

Topic: If bitcoin dropped to $1, what you do? - page 5. (Read 98198 times)