If bitcoin dropped to $1, what you do? - page 7.

buyinbtc

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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

metropolia

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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.

Jambolb2

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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.

digaran2

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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!

fkvidar

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Quote from: Doamader on August 19, 2016, 10:19:33 AM

Quote from: trickshot22 on August 19, 2016, 09:53:31 AM

Quote from: nova-rider on August 18, 2016, 04:43:01 AM

An unlikely scenario, perhaps the dream of many people.

it is basically impossible though i think i would sell when the price would be falling in order not to lose all my money

Sure as you all the bitcoin holders will dump their coins trying to avoid a big loose, but others would see the dump as an unic opportunity to get their bitcoin cheap and waiting it to get pumped has happens with others altcoins, but is almost impossible to bitcoin hit such value.

Yeah its not possible to see that low price of bitcoin in future as it will keep on increasing in future as more users will join the community and price will go to next level.

Doamader

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Quote from: trickshot22 on August 19, 2016, 09:53:31 AM

Quote from: nova-rider on August 18, 2016, 04:43:01 AM

An unlikely scenario, perhaps the dream of many people.

it is basically impossible though i think i would sell when the price would be falling in order not to lose all my money

Sure as you all the bitcoin holders will dump their coins trying to avoid a big loose, but others would see the dump as an unic opportunity to get their bitcoin cheap and waiting it to get pumped has happens with others altcoins, but is almost impossible to bitcoin hit such value.

mileymatmun

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I wll die if bitcoin drops to 1$ Sad

i have many many bitcoins and i do not own much cash. I am waiting for its price to go up and have some profit from it. However, in my opinion, bitcoin will not drop its price due to the economical situation nowadays

trickshot22

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Quote from: nova-rider on August 18, 2016, 04:43:01 AM

An unlikely scenario, perhaps the dream of many people.

it is basically impossible though i think i would sell when the price would be falling in order not to lose all my money

8Habits

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Quote from: bamboylee on August 19, 2016, 12:51:32 AM

Quote from: 8Habits on August 12, 2016, 04:54:44 AM

Although it is really far from truth that bitcoin will drop to $1, however when that time comes, I will definitely buy as much as I can. Bitcoin is the future, period. I just hope that the number of bitcoins will go as far as billion instead of just 21 million something.

Bitcoin will lose its value if it will be billions of bitcoins available. remember the law of supply and demand, the more the supply, the less the demand. It also applies to bitcoin. Bitcoin can be viewed as like gold, there is limited amount available so the price keeps going up.

I am sorry but I believe your statement is unfounded, bamboylee. Bitcoins will not go to billions in number because the max number of bitcoins is only 21 million.

Also, it will not lose its value. Its price will continue be fluctuating and the basis of profit for individuals with bitcoins are service fees of each bitcoin transactions.

bamboylee

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Quote from: 8Habits on August 12, 2016, 04:54:44 AM

Although it is really far from truth that bitcoin will drop to $1, however when that time comes, I will definitely buy as much as I can. Bitcoin is the future, period. I just hope that the number of bitcoins will go as far as billion instead of just 21 million something.

Bitcoin will lose its value if it will be billions of bitcoins available. remember the law of supply and demand, the more the supply, the less the demand. It also applies to bitcoin. Bitcoin can be viewed as like gold, there is limited amount available so the price keeps going up.

qyzackk

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Quote from: Zadicar on August 18, 2016, 10:47:50 PM

Quote from: batang_bitcoin on August 18, 2016, 07:29:41 PM

Quote from: rio3233 on August 18, 2016, 07:23:08 PM

Quote from: roby25 on August 18, 2016, 01:42:39 AM

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

Are you sure ? If bitcoin price dropped to $1, something big must be happened and makes people to not use bitcoin anymore. If you buy bitcoin on that price, it might have a big risk to do that.

I am pretty sure that if the price of bitcoin is going to drop to $1 many investors are going to buy a lot of bitcoins especially those people who are believing with bitcoin and I know that they are going to buy as many as they can as long as their budget is enough for it. So that it can give them good profit when the price is going to increase.

I think it wont happen since those investors for sure would have lost its trust already to bitcoin when it drops its price too low. If they are big investors in the past when the price of bitcoin is still $600_ mark then for sure they would panic as the price of bitcoin decreases day by day until it reaches $1 and thats already a big loss to them. They would have a second thought or a hesitation if they would buy more or not.

So you can remember the panic started when there were problems on bitfinex. Then all knew from the beginning what happened and did not know what to do with your bitcoin. And the price is very plummeted. The truth is not dropped to a critical level.

Zadicar

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Quote from: batang_bitcoin on August 18, 2016, 07:29:41 PM

Quote from: rio3233 on August 18, 2016, 07:23:08 PM

Quote from: roby25 on August 18, 2016, 01:42:39 AM

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

Are you sure ? If bitcoin price dropped to $1, something big must be happened and makes people to not use bitcoin anymore. If you buy bitcoin on that price, it might have a big risk to do that.

I am pretty sure that if the price of bitcoin is going to drop to $1 many investors are going to buy a lot of bitcoins especially those people who are believing with bitcoin and I know that they are going to buy as many as they can as long as their budget is enough for it. So that it can give them good profit when the price is going to increase.

I think it wont happen since those investors for sure would have lost its trust already to bitcoin when it drops its price too low. If they are big investors in the past when the price of bitcoin is still $600_ mark then for sure they would panic as the price of bitcoin decreases day by day until it reaches $1 and thats already a big loss to them. They would have a second thought or a hesitation if they would buy more or not.

batang_bitcoin

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Quote from: rio3233 on August 18, 2016, 07:23:08 PM

Quote from: roby25 on August 18, 2016, 01:42:39 AM

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

Are you sure ? If bitcoin price dropped to $1, something big must be happened and makes people to not use bitcoin anymore. If you buy bitcoin on that price, it might have a big risk to do that.

I am pretty sure that if the price of bitcoin is going to drop to $1 many investors are going to buy a lot of bitcoins especially those people who are believing with bitcoin and I know that they are going to buy as many as they can as long as their budget is enough for it. So that it can give them good profit when the price is going to increase.

rio3233

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Quote from: roby25 on August 18, 2016, 01:42:39 AM

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

Are you sure ? If bitcoin price dropped to $1, something big must be happened and makes people to not use bitcoin anymore. If you buy bitcoin on that price, it might have a big risk to do that.

BeGoods

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Quote from: opossum on August 15, 2016, 04:30:25 AM

Quote from: dinda22 on August 15, 2016, 04:28:31 AM

Quote from: ?? on ??

Quote from: bias on August 15, 2016, 02:31:19 AM

If bitcoin had to drop to $1....I would be the first person to abandon it as it would be worthless not only to mine but holding it aswel

I'd buy all your bitcoin

when you buy all bitcoin, and you can not convert it to a fiat, because if the price $1, bitcoin will be crushed, and no exchangers that accept bitcoin again, a.k.a they chose to close

If he has bought at $1 then why he will prefer to sell at the same price? He will surely hold them till price doesn't increase and sell only when bitcoins reaches to some descent level.

I think the exchange did not feel the loss even though bitcoin worth very little to $ 1 yet. they just menyedikan place to trade bitcoin, so they will not stop when the bitcoin is not dead yet. bitcoin will not die when there are users who use it? so I hope users continue to believe the bitcoin. so bitcoin prices will not go down as low as it

crairezx20

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Quote from: Mastsetad on August 18, 2016, 12:58:03 PM

Quote from: CoinFoxs on August 18, 2016, 02:52:48 AM

Quote from: roby25 on August 18, 2016, 01:42:39 AM

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

It will not gonna happen and if it will happen that bitcoin is dropped to 1$ then it will so many years to reach amount that is going today. i am right ?
And if it will drop to 1$ then no one can invest in bitcoin because no one is investing money from where you get profit after few years. People invest money from where they get profit within 2-3 months.

People would probably not have belief on it anymore if it breaks like that, people are recently loving bitcoin because it is a growing money, so if it drops drastically no one would have interest in it as that wont be able to earn them anything on that time.

Yeah right bitcoin is growing year by year and more store are accepting bitcoin as payment. also there is a good country that accept bitcoins locally in 150 stores in brazil..

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Quote from: greatr on August 18, 2016, 01:05:56 PM

Quote from: nova-rider on August 18, 2016, 04:43:01 AM

An unlikely scenario, perhaps the dream of many people.

yeah, the dream of the ones who want to make a lot of money with bitcoins, i hope it will never happen but i would buy bitcoin then i guess

This is impossible to happen because bitcoin is growing daily and i think more price increase will come in bitcoin instead of price decrease or crash going to $1. maybe it will happen if the whole bitcoin network are shutdown or crash..

emersonlogan62

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its a dream for every one if Bitcoin price down to $1, actually even $100 is a dream for me. if so then i'll sell my house and buy bitcoins from all my asset and cash Grin

.Bitcoin price will rise day by day because of limited supply.

Piladeer

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I really don't think it would bother most people.
They will just continue to use it even if nothing come out of this far reaching scenario.

greatr

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Quote from: nova-rider on August 18, 2016, 04:43:01 AM

An unlikely scenario, perhaps the dream of many people.

yeah, the dream of the ones who want to make a lot of money with bitcoins, i hope it will never happen but i would buy bitcoin then i guess

Topic: If bitcoin dropped to $1, what you do? - page 7. (Read 98180 times)