If bitcoin dropped to $1, what you do? - page 68.

jossiel

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Quote from: janggernaut on June 07, 2016, 11:06:14 PM

if bitcoin deopped to $1, i'll buy a lot of BTC, and hold it for several years, maybe btc price will up again after that

I think if the price will drop to that value for sure. It is the time to stop using bitcoin, but before stopping I'm still going to buy some amount maybe 10-20 btc and I'm going to focus on other things.
Like fulfilling my dreams to travel around the world and going to research more about new trend in crypto.

janggernaut

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if bitcoin deopped to $1, i'll buy a lot of BTC, and hold it for several years, maybe btc price will up again after that

MaritiJames3

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Quote from: AndySt on May 30, 2016, 09:59:44 PM

Probably I purchased a large number although this price can talk about very big issues.

I also would buy more although there would be a chance of a huge collapsing of the bitcoin, the opposite can also happen of course.

Doms

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I am not aware when was the last time that bitcoin dropped to $100, and that must certainly be a long time ago. For bitcoin to drop to as low as $1, it would take a lot of price-altering events before it takes place. If we ever witness that happen, I'd see if it is still worth something or if it has totally lost value.

boyptc

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Quote from: Busal on June 07, 2016, 10:47:37 PM

Quote from: chek2fire on April 15, 2016, 08:43:24 PM

i will buy more

Bitcoin will get serious competition from other crypto currencies.

Well if we are talking about competition bitcoin is exempted on that competition since bitcoin now is being preferred by people in the world for using it.
And I don't think by just a single alt will replace bitcoin and if bitcoin will reach $1 to its price but of course that is impossible to happen.

yhansky

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What would you think if someone buys bitcoin at 300 and then the price went down to 1$
, do you think he will become happy for that..? Maybe he will kill himself with that big loss.

Busal

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Quote from: chek2fire on April 15, 2016, 08:43:24 PM

i will buy more

Bitcoin will get serious competition from other crypto currencies.

boyptc

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Quote from: yurekaa on June 07, 2016, 08:31:09 PM

i buy more and hold Grin

I will do this also, I will take it for granted and grab the chance of earning bigger because when the price falls.
For sure there is another rise that will happen. There is no pump if there is no dump after it.

MingLee

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If Bitcoin manages to hit basically $1, meaning rock-bottom, chances are I would buy some and hope that it goes back up.

Now, that would also depend on what the market was saying, if it was a temp drop I would buy, but if everyone was backing out I would as well.

isen

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Sounds like a nightmare to me,anyway if the price falls so much(which i doubt ofc) then another cryptocurrency will take bitcoin's place so i guess i will start using that one.

yurekaa

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i buy more and hold Grin

salmanahmedone

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Quote from: Herbert2020 on May 31, 2016, 12:38:49 AM

it is so funny to see this topic again on top because of the recent market status.
these days if the price goes down to $499 people are going to sell their everything to buy bitcoin and here they are talking about $1 heeheee

Even if its drop to $1 (which is highly unlikely) ,I will still keep on using the bitcoins. The reason for this is i mainly use bitcoin because it has no strings attached; I don’t need any identification to make a bitcoin wallet and I don’t need to use a bank card. To have my money kept online and my payments done alone is good enough for me. That’s mostly why I love bitcoin and continue to support it, no matter what the bitcoin price is.

Bitshake

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If a better currency is not created to justify the disuse of bitcoin, I'll go to another planet because the Earth will be going to hell Grin

chaosknight

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Quote from: hendra147 on May 31, 2016, 10:26:53 AM

Quote from: Herbert2020 on May 31, 2016, 12:38:49 AM

it is so funny to see this topic again on top because of the recent market status.
these days if the price goes down to $499 people are going to sell their everything to buy bitcoin and here they are talking about $1 heeheee

nothing is funny I think, because everyone knows that it will impossible if bitcoin dropped to $1.
OP might do like to survey, what would people do if it goes down to $1. and most people take the opportunity to buy as much as possible.

First of all its simply impossible to achieve that price in future and if it falls then few people will stop using it and rest who have faith will continue to buy some more coins.

hendra147

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Quote from: Herbert2020 on May 31, 2016, 12:38:49 AM

it is so funny to see this topic again on top because of the recent market status.
these days if the price goes down to $499 people are going to sell their everything to buy bitcoin and here they are talking about $1 heeheee

nothing is funny I think, because everyone knows that it will impossible if bitcoin dropped to $1.
OP might do like to survey, what would people do if it goes down to $1. and most people take the opportunity to buy as much as possible.

Supercrypt

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Quote from: gagalady on May 30, 2016, 08:46:37 AM

Not now, many in next 2-5 years the bubble will burst.

I dont see any reason for the bubble to burst, in fact as more and more people come to know about bitcoins the price will certainly go higher and higher. The more you spread among people the higher it gets.

If BTC drops to 1$ , I would wait and see if it gets even lower, if not and it increases slowly then I would buy some 100-200 BTC and have my life settled.

Herbert2020

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it is so funny to see this topic again on top because of the recent market status.
these days if the price goes down to $499 people are going to sell their everything to buy bitcoin and here they are talking about $1 heeheee

AndySt

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Probably I purchased a large number although this price can talk about very big issues.

MWesterweele

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I will buy bitcoins but not that much and i will research why its price drop like that and the price goes to hell.If that was a big big problem i would rather take risk for small amount.If that problem was not that big then i wil invest bigger money.But if bitcoin will be dead in that time i would rather buy other alt coins like ETH or LTC or any other coins out there.

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Quote from: wuvdoll on May 30, 2016, 04:45:50 PM

Quote from: ?? on ??

This is a kind of joke and it will never happen in the future.. i couldn't imagine what will happen if the price will drop to 1$.

My friend you are right and I agree completely. But thats why he asked, because if something strange happens he wants to know our reaction and most importantly actions to it. I personally would buy 10 btc and just sit and let the party begin.

We should be ready with all the consequences that can occur in future related to the price of bitcoin as nothing is guaranteed and anything is possible with the price of bitcoin.

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