If bitcoin dropped to $1, what you do? - page 71.

salmanahmedone

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Quote from: amine14madrid on May 23, 2016, 12:06:20 PM

If bitcoin dropped to $1 ,it means people are dumping their btc. I think that there's still a chance that bitcoin's price will increase.

Oh gosh all the time i spent working so hard for bitcoins would be meaningless; lets go drink a beer and complain about life. Get laid then send a post to some random person on the internet and say "Buddy, get of that computer, its a lie".

felicita

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if this happens there must be anoter top cryptocoin
somethin like ether and the i will go with this one .
But iam hoping btc is raising more and more Wink

kind regards

GamingBro

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I hope it will never happen, can't even imaging what i will do, i have many plans on bitcoin and some of them i am trying to realize now. If bitcoin dropped to $1 i will quit.

umaOuma

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Quote from: xIIImaL on May 23, 2016, 02:23:51 PM

Quote from: quintiilieo on May 23, 2016, 01:54:01 PM

If its gonna drop on $1 ill buy all of my savings to buy for it eventually it will rise. even if it will rise $10 only it will cost a lot of it. Maybe its the time do so and sell apart of it. Like always traders do Sell High Buy Low that's strategy will continue generations of generations and it will still be the same whatever the cost. Grin

Nope it will rise again to that value we have to think that what will be the reasons which will drop the price to $1, and will that reasons be solved/removed easily which bring bitcoin to $1, I think it will be a great and unrecoverable crash for the life of bitcoin which will be not easy to resolve...

But there is very less possibilities that price will fall that low in coming years, bitcoin is getting bigger and bigger everyday and we can expect higher price is in future so this low value is not possible.

Superways

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Quote from: mistercoin on May 23, 2016, 10:30:00 AM

Spend every last penny I have on buying BTC. I think back a few years and remember when BTC was practically worthless. Now look at it.. Crazy.

about two years ago bitcoin price was started to drop and reached to less than $300 at that time everyone was worried that bitcoin is going to die and a large number of people leave it, and even after its rise very less people came back to join again and it took about two years that people started to trust on bitcoin and once again on there, now just think how many years will require for bitcoin to recover its value and trust after it reach to $1? I will say not less than 25 years.

xIIImaL

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Quote from: quintiilieo on May 23, 2016, 01:54:01 PM

If its gonna drop on $1 ill buy all of my savings to buy for it eventually it will rise. even if it will rise $10 only it will cost a lot of it. Maybe its the time do so and sell apart of it. Like always traders do Sell High Buy Low that's strategy will continue generations of generations and it will still be the same whatever the cost. Grin

Nope it will rise again to that value we have to think that what will be the reasons which will drop the price to $1, and will that reasons be solved/removed easily which bring bitcoin to $1, I think it will be a great and unrecoverable crash for the life of bitcoin which will be not easy to resolve...

quintiilieo

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If its gonna drop on $1 ill buy all of my savings to buy for it eventually it will rise. even if it will rise $10 only it will cost a lot of it. Maybe its the time do so and sell apart of it. Like always traders do Sell High Buy Low that's strategy will continue generations of generations and it will still be the same whatever the cost. Grin

X7

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Let he who is without sin cast the first stone

Depends on the reason for it to crash? Rampant market manipulation and FUD? or a serious bug/error with the code/encryption

Shibashi Dogemoto

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Quote from: Farcoin12 on May 23, 2016, 12:37:43 PM

I dont believe that the price of bitcoin will drop to $1 and this is impossible to believe. and i think price of bitcoin will be more valuable in the future..

Bitcoin is on rising mode at this stage and it will continue to rise even in future and nothing can bring it to that low value in coming months or even in future.

Farcoin12

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I dont believe that the price of bitcoin will drop to $1 and this is impossible to believe. and i think price of bitcoin will be more valuable in the future..

Dr.Osh

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Quote from: jamesl22 on May 23, 2016, 11:19:28 AM

If bitcoin drops to $1 in future then I will make sure that I buy maximum number of coins to secure my future, as I am sure bitcoin will rise again in future.

Well, you're right. it was like a gold is still very dirty served in front of you at a very cheap price. I think I will buy it until I have run out of money, and I believe, within the very near future, the price of bitcoin which was $ 1 would be hundreds of dollars in a few months or weeks. but only those who believe in bitcoin who have such thoughts, and not everyone is thinking the same thing, it may be very many investors who stop using bitcoin, but I'm sure they'll come back

amine14madrid

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If bitcoin dropped to $1 ,it means people are dumping their btc. I think that there's still a chance that bitcoin's price will increase.

jamesl22

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If bitcoin drops to $1 in future then I will make sure that I buy maximum number of coins to secure my future, as I am sure bitcoin will rise again in future.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: wormbog on May 23, 2016, 10:45:48 AM

Bitcoin would only drop to $1 if:

(1)another coin emerged as clearly superior and everyone switched over
(2)a fatal flaw was discovered making bitcoin easy to doublespend, steal, or counterfeit
(3)the world's largest nations unilaterally declared bitcoin illegal and punishable by serious jailtime

In any of those scenarios, buying more bitcoin at $1 would be very foolish.

none of these are going to happen.

1) this can never bring bitcoin price down. it might affect it temporarily but not over a long time. there is no reason for that.

2) this will kill it not bring it to $1. flaw = useless which also should be an unsolvable flaw!!

3) meh, not gonna happen either because they can only control businesses not accept bitcoin not the people.

wormbog

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Bitcoin would only drop to $1 if:

another coin emerged as clearly superior and everyone switched over
a fatal flaw was discovered making bitcoin easy to doublespend, steal, or counterfeit
the world's largest nations unilaterally declared bitcoin illegal and punishable by serious jailtime

In any of those scenarios, buying more bitcoin at $1 would be very foolish.

mistercoin

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Spend every last penny I have on buying BTC. I think back a few years and remember when BTC was practically worthless. Now look at it.. Crazy.

MaritiJames3

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Quote from: Bitcoinbro on May 21, 2016, 02:04:22 PM

Quote from: Akupuniard on May 21, 2016, 01:02:23 PM

Will i keep using bitcoin? No.
Will i panic? Yes.
I really think that bitcoin will not be inerseting for me if this super drop will happen some day.

I also would panic for sure and I also think I would not buy any bitcoins anymore because I do not think it can from 1 dollar go to a higher amount, on that point it will be done for sure with the bitcoin.

I would also panic because for the Bitcoin price to be one Dollar is not something that you see everyday. I would find out if this was legit and of it would make sense to still buy some coins.

peta4e

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Quote from: jossiel on May 23, 2016, 05:57:44 AM

Quote from: prtty2gal2 on May 23, 2016, 04:15:42 AM

Quote from: Lucius on May 21, 2016, 11:45:55 AM

If by some miracle it happened that BTC drop to only 1$ I would have risked 100$ and buy 100 BTC.Although there is always a chance that something like that happens, I think we are very far from it.I say it is bigger chance that BTC go to 1000$ then drop to 1$ Wink

How you can speculate now itself bitcoin will come to $1. In my opinion that has no possibilities to happen.
Once bitcoin hits $1000, it will keep on rising towards $10k price levels.

Still we don't know what would happen with bitcoin in the future but you are right also for me there is no possibility that bitcoin will go down to $1.
I hope you have a very good mouth man that bitcoin with reach to $10k soon.

$10k is not easy to achieve it will take time to reach there but bitcoin falling back to $1 is simply impossible as we will see much better price of bitcoin in future.

Evansloin

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Quote from: BitcoinPC on May 21, 2016, 11:45:39 AM

Quote from: Monnt on April 15, 2016, 08:09:21 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 wish the day will come back , because in this moment, i have save my bitcoins, if bitcoin is drop at $1, so not me mostly people will get lose and loss, but after halving, i wish the day will come, and of course i will buy a lot of bitcoins, may be i will buy 1000000 BTC.

The chance is really small that the value can reduce to that low and that is because the value was stable and it will be more worth in the future.
So that can be nice but you are not for sure what can happen.

jossiel

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Quote from: prtty2gal2 on May 23, 2016, 04:15:42 AM

Quote from: Lucius on May 21, 2016, 11:45:55 AM

If by some miracle it happened that BTC drop to only 1$ I would have risked 100$ and buy 100 BTC.Although there is always a chance that something like that happens, I think we are very far from it.I say it is bigger chance that BTC go to 1000$ then drop to 1$ Wink

How you can speculate now itself bitcoin will come to $1. In my opinion that has no possibilities to happen.
Once bitcoin hits $1000, it will keep on rising towards $10k price levels.

Still we don't know what would happen with bitcoin in the future but you are right also for me there is no possibility that bitcoin will go down to $1.
I hope you have a very good mouth man that bitcoin with reach to $10k soon.

Topic: If bitcoin dropped to $1, what you do? - page 71. (Read 98162 times)