If bitcoin dropped to $1, what you do? - page 66.

boyptc

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Quote from: pocarime32 on June 11, 2016, 04:08:42 AM

I'm surprised many people keep buying bitcoins even the price dropped to $1. I think it's not worth and so risky though, because i'm sure people already leaving bitcoin when dropped to $1.

I don't think so they are going to leave, does buyers are the people that will make the price of bitcoin pump after it dumps.
So basically, people will just comeback when the price of $1 is going to rise after it's fall.

hermanhs09

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Quote from: BossMacko on June 10, 2016, 10:35:02 PM

If bitcoin dropped to 550$ to 1$ lots of people will rage,quit,and abandon bitcoin. I will also abandon bitcoin and find another coin/coins.

It really depends. If bitcoin is still a perfectly functioning system and the price drop is solely because of a huge dump on the market, then rather a lot of people will start buying a lot of bitcoin, and the price will go sky high again.

But if there's some major flaw in the system, then everyone WILL abandon BTC. Highly unlikely though.

pocarime32

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I'm surprised many people keep buying bitcoins even the price dropped to $1. I think it's not worth and so risky though, because i'm sure people already leaving bitcoin when dropped to $1.

boyptc

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Quote from: Babayega31 on June 11, 2016, 03:50:19 AM

Well i will buy more and more bitcoins and i will leave it for years maybe the history will repeat and i will became millionaire also, and surely many people will do the same to knowing bitcoin died for so many times and it totally bounce back again and regain back its higher price again if it really reach to 1$ price.

Me too, I'm going to buy more and I will not let that opportunity just pass by. Because when bitcoin will going to that price for sure there would be a probably increase after it. And I don't think bitcoin will come to that price.

barbara44

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Quote from: sempak on June 10, 2016, 10:37:25 PM

it did not seem possible. but if it does happen then I would buy the entire bitcoin with the money I milkiki in the real world. and I'm sure one day bitcoin prices will go back up again. it is very profitable.

haha yes I also see its totally impossible to me as the market of bitcoin has widely increased and now its impossible for it's price goes down to $1. If it would have happened, many bitcoin millionaires will get down to nothing left Cheesy

That should not happen.

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Well i will buy more and more bitcoins and i will leave it for years maybe the history will repeat and i will became millionaire also, and surely many people will do the same to knowing bitcoin died for so many times and it totally bounce back again and regain back its higher price again if it really reach to 1$ price.

BitcoinPC

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Quote from: Sniper44 on June 10, 2016, 10:11:33 PM

Quote from: Cyaren on June 10, 2016, 10:02:14 PM

Quote from: Monnt on June 10, 2016, 09:44:01 PM

Quote from: lottery248 on June 10, 2016, 08:04:57 PM

for me? spend a day fund of lunch (~$5) to buy 5 of them, because the price of bitcoin will soar fast once more people buys bitcoin.

lmao a little is enough, too much is a waste.

But IMO if the price ever dropped that low, that would mean there's another altcoin out there that has bested bitcoin, or a major security flaw.

Yeah definitely. I doubt the bitcoin price will ever drop that low, even if it does then it means there is a major flaw waiting to be fixed somewhere in the bitcoin system. However, this probably means that bitcoin has failed.

So yeah... Depends why the price is $1.

yeah it depends on the reason. but a reason that could drop the price from $570 to $1 doesn't exist and only a flaw that is also not fixable can do that which also doesn't exist.

also no altcoin can have such effect on bitcoin price as Monnt wants to believe, they can only be second at best.

Surely it cant happen. How can anyone believe that bitcoin will fall from 570$ to 1$ and that too suddenly. Not possible even in dreams. Still if you want me to belive this and ask me what i do then , I can only say i would be in a state of a shock. Roll Eyes

MTBTT

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Quote from: BossMacko on June 10, 2016, 10:35:02 PM

If bitcoin dropped to 550$ to 1$ lots of people will rage,quit,and abandon bitcoin. I will also abandon bitcoin and find another coin/coins.

it was something that would never happen in the near future? yeah i know what price will probably happen in bitcoin but the decline was as high as it will not happen in the near future? may take a long time

Enotche

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I think Bitcoin is already strong enough and secure. People trust him, and I do not think that its price will fall to one dollar. However, if this happens, people are accustomed to working with him, it will be massively buy that again raise its price.

Labumi

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Quote from: BossMacko on June 10, 2016, 10:35:02 PM

If bitcoin dropped to 550$ to 1$ lots of people will rage,quit,and abandon bitcoin. I will also abandon bitcoin and find another coin/coins.

It is the worst impact of the bitcoin that doing so will have a presentation of 99.99% of people will immediately leave the bitcoin main thing, they leave the bitcoin, as they suffered losses that are unusually large and that will make some people experience stress

justspare

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I would probably just keep all my Bitcoins as like a collectors item and then buy another cryptocurrency with fiat.

Wendigo

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If Bitcoin crashed to just $1 this would mean the crypto coin is very much done and won't recover ever again. All the investors and miners would have taken such big losses given the huge investments in mining farms and Bitcoin infrastructure upgrades in companies specializing in Bitcoin payments that everyone will just leave the sinking ship and look or other brighter opportunities. Also no one will ever use Bitcoin as a store of value again because of sheer fear and the prospect of using it as a digital currency won't be any appealing either when you can have alt coins with higher value on the market.

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Quote from: iqlimasyadiqa on June 10, 2016, 11:01:42 PM

I think bitcoin will become bigger and stronger. and I am not sure bitcoin will break the $ 1. it is not possible and it will never happen forever.

With the potential it has got the price goes higher than going down. Still none is sure of the future, so even something happens and price touches down $1 without hesitation I could buy at least 1000. No matter whether it grows again or not.

iqlimasyadiqa

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I think bitcoin will become bigger and stronger. and I am not sure bitcoin will break the $ 1. it is not possible and it will never happen forever.

RhodaGila

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If the price drops to $ 1 bitcoin then certainly I would not sell it just as cheaply as that.
When a crowd of people as possible to bitcoin panic sell , what have you to say it is true and I agree, then that's our opportunity to gather as many bitcoin is a way to buy it and then doing an investment, do not just one investment.
Maybe that's what I will do when the price of bitcoin dropped to $ 1

sempak

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it did not seem possible. but if it does happen then I would buy the entire bitcoin with the money I milkiki in the real world. and I'm sure one day bitcoin prices will go back up again. it is very profitable.

BossMacko

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If bitcoin dropped to 550$ to 1$ lots of people will rage,quit,and abandon bitcoin. I will also abandon bitcoin and find another coin/coins.

Sniper44

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Quote from: Cyaren on June 10, 2016, 10:02:14 PM

Quote from: Monnt on June 10, 2016, 09:44:01 PM

Quote from: lottery248 on June 10, 2016, 08:04:57 PM

for me? spend a day fund of lunch (~$5) to buy 5 of them, because the price of bitcoin will soar fast once more people buys bitcoin.

lmao a little is enough, too much is a waste.

But IMO if the price ever dropped that low, that would mean there's another altcoin out there that has bested bitcoin, or a major security flaw.

Yeah definitely. I doubt the bitcoin price will ever drop that low, even if it does then it means there is a major flaw waiting to be fixed somewhere in the bitcoin system. However, this probably means that bitcoin has failed.

So yeah... Depends why the price is $1.

yeah it depends on the reason. but a reason that could drop the price from $570 to $1 doesn't exist and only a flaw that is also not fixable can do that which also doesn't exist.

also no altcoin can have such effect on bitcoin price as Monnt wants to believe, they can only be second at best.

Cyaren

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Quote from: Monnt on June 10, 2016, 09:44:01 PM

Quote from: lottery248 on June 10, 2016, 08:04:57 PM

for me? spend a day fund of lunch (~$5) to buy 5 of them, because the price of bitcoin will soar fast once more people buys bitcoin.

lmao a little is enough, too much is a waste.

But IMO if the price ever dropped that low, that would mean there's another altcoin out there that has bested bitcoin, or a major security flaw.

Yeah definitely. I doubt the bitcoin price will ever drop that low, even if it does then it means there is a major flaw waiting to be fixed somewhere in the bitcoin system. However, this probably means that bitcoin has failed.

So yeah... Depends why the price is $1.

Sniper44

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if bitcoin price dropped to $1 by a very faint chance which doesn't really exist, then in that case i would start selling everything i own even my computer and go to a internet cafe and use all that money to buy bitcoin and put it in a cold storage.

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