If bitcoin dropped to $1, what you do? - page 6.

Fredomago

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Quote from: warwar on August 20, 2016, 09:59:41 PM

Quote from: 8Habits on August 20, 2016, 09:52:10 PM

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

if you want to earn from time to time this bounce of bitcoin is good for you since it is already showing good indication
you just need to have a perfect timing and for sure you will earn just like a same concept on any trade to buy low and
sell high that's a good thing with bitcoin market.

delliaerd

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Quote from: warwar on August 20, 2016, 09:59:41 PM

Quote from: 8Habits on August 20, 2016, 09:52:10 PM

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.

warwar

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Quote from: 8Habits on August 20, 2016, 09:52:10 PM

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

8Habits

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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.

mikehersh2

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

gerXhonza

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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.

Doamader

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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.

JessicaSe

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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.

kollo99

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it bitcoin really fell down to 1$ it mean that is seriously some thing wrong with bitcoin therefore it will not be a good time to do trade in bitcoin, therefore i will stay away from bitcoin and will wait for its rising again.

Jasad

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= jasad =

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.

vindicare

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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 .

8Habits

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Quote from: carlfebz2 on August 20, 2016, 12:53:59 AM

Quote from: passivebesiege on August 19, 2016, 11:25:20 PM

Quote from: dunfida on August 19, 2016, 11:03:56 PM

Quote from: buyinbtc on August 19, 2016, 06:20:38 PM

Quote from: metropolia on August 19, 2016, 10:34:46 AM

Quote from: Jambolb2 on August 19, 2016, 10:32:04 AM

Quote from: digaran2 on August 19, 2016, 10:29:29 AM

Quote from: 7788bitcoin on April 15, 2016, 07:14:58 PM

There must be a reason why bitcoin price is dropping from $400 to $1. If the reason is something really bad, then it will not even worth $1 per coins (such as the encrytion has been broken or the network is not functioning anymore...)

If it is not something that bad, and price will still able to rebound, then people will grap as much as they can before it even drop to $1.

you are right!
I believe the bitcoin will not drop to 1$ forever!

It recently has no chances of reaching that extent as the community is increasing everyday and investors are investing as much as they can afford and until that cycle is running it wont be dropping there unless something really shocking and unbelievable happens that breaks it into parts.

yeah, no chance, even 100 usd is impossible. there are so many btc buyers, so we can hardly buy @100 usd. i would be extremely happy to buy 300 usd btc.

thats true, though if it ever happened i would buy a lot of bitcoins in order to make profit when the price returns back up

If bitcoin price would drop low like that maybe theres a problem into bitcoin ecosystem. For those who buy on high price would probably panic sell their bitcoin holdings especially to huge investors and they would lost their trust to bitcoins.How much more in buying in $1? maybe its a risky thing to do.

Yep and it hard to say it will really happen maybe many investor finds alternative coin better than bitcoin then all bitcoin investor shift to that coin. But obviously it's really hard to know what is the future of bitcoin.

For sure many big investors would find an alternative coin instead of bitcoin because they saw bitcoin price declining and they would definitely think that the era of bitcoin would end here. Its really impossible for bitcoin to drop its price low like that because there soo much investors into it and also have many users on the past 7 years since it was born.

That is right. Most of all the investors will defintely turn their attention to other investment other than bitcoin when we get to that price. But for sure, there is no harm in investing a thousand dollar worth of bitcoins that time or 1000 bitcoins.

carlfebz2

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