If bitcoin dropped to $1, what you do? - page 76.

salmanahmedone

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Quote from: n691309 on May 18, 2016, 04:18:23 AM

Quote from: Monnt link=topic=1438622.msg14555048#msg14555048

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.

If i reach that time when 1 bitcoin will worth 1 dollar then i will do nothing, i will not sell them, maybe i will risk few dollars to buy few bitcoin but selling at that time is not a good option.

If it happened like that… Imagine some people gave up on it; some faucets even poured out bitcoins instead of satoshis; haha I’d like to see the look on their faces when it suddenly rises back up and they feel like the betrayed themselves. Cheesy

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Quote from: Monnt link=topic=1438622.msg14555048#msg14555048

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.

If i reach that time when 1 bitcoin will worth 1 dollar then i will do nothing, i will not sell them, maybe i will risk few dollars to buy few bitcoin but selling at that time is not a good option.

Lokfar

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The chance is really low that the Bitcoin can drop to such a low value and that because they see that Bitcoin is going to be stable and rising slowly soon so that would be nice.
But if that will happen later in the future than there will be a lot of people that is stopping using Bitcoin.

davis196

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I would sell all my btc before it reaches 1$,maybe when the price is around 200-300$.

After it reaches 1$ i will start buying again.

But when it reaches 1$, this might be the end of bitcoin.

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We don't want this to happen indeed cause most of us here expects for a price increase. Since this is just a what if's question or survey, we really don't know, no one knows rather what would happen for the future. So what I can say is, let's just cherish what we have now and just go on with the flow.

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Quote from: avw1982 on May 17, 2016, 05:46:13 AM

Quote from: FabioDelcatto on May 17, 2016, 04:53:18 AM

Bitcoin is not dropping now and if it will drop than it can be not drop to that low because it will also rise soon and that can be perfect for the people with Bitcoin already.
So that is perfect for them the bad thing is that it can takes a long time until it will be more worth.

Here we are doing like survey only bro. Just think if drops, I will surely buy more and more and leave it for years and surely it will regain its price like what happen for the past years and by that we can be millionaire just like them. I will leave it and and continue life offline and do my daily choice and job and after long years and check if i got profit with who knows. I can buy a many 5 star hotels in California and I earn lot in fiat as well.

You certainly are 'dreaming the dream,' aren't you? I wonder when that'll happen. I mean, if Bitcoin value did drop at $1, don't you think there will be a panic buying and supplies aren't probably gonna last since many other 'users' are going to hoard the most they can get, in hopes of making millions, billions even, of profit.

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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.

Is this possible what could have cause such drop? There could be major flaws if this happen,this could be the end of bitcoin and if that happen I would move on a new coin,but I hope this will not happen..

TryAngle

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I would buy more if the price dropped that much. I would look at it as an opportunity to get some bitcoin really cheap.

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Quote from: peta4e on May 17, 2016, 05:58:29 AM

Quote from: avw1982 on May 17, 2016, 05:46:13 AM

Quote from: FabioDelcatto on May 17, 2016, 04:53:18 AM

Bitcoin is not dropping now and if it will drop than it can be not drop to that low because it will also rise soon and that can be perfect for the people with Bitcoin already.
So that is perfect for them the bad thing is that it can takes a long time until it will be more worth.

Here we are doing like survey only bro. Just think if drops, I will surely buy more and more and leave it for years and surely it will regain its price like what happen for the past years and by that we can be millionaire just like them. I will leave it and and continue life offline and do my daily choice and job and after long years and check if i got profit with who knows. I can buy a many 5 star hotels in California and I earn lot in fiat as well.

That's true but I don't think bitcoin can fall that low in future, and if it falls then true believers of bitcoin will try to collect as much coins possible at that stage.

Yeah bitcoin price won't go that low to $1 in future. So better is to buy at present, because the price looks to be affordable.

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Quote from: avw1982 on May 17, 2016, 05:46:13 AM

Quote from: FabioDelcatto on May 17, 2016, 04:53:18 AM

Bitcoin is not dropping now and if it will drop than it can be not drop to that low because it will also rise soon and that can be perfect for the people with Bitcoin already.
So that is perfect for them the bad thing is that it can takes a long time until it will be more worth.

Here we are doing like survey only bro. Just think if drops, I will surely buy more and more and leave it for years and surely it will regain its price like what happen for the past years and by that we can be millionaire just like them. I will leave it and and continue life offline and do my daily choice and job and after long years and check if i got profit with who knows. I can buy a many 5 star hotels in California and I earn lot in fiat as well.

That's true but I don't think bitcoin can fall that low in future, and if it falls then true believers of bitcoin will try to collect as much coins possible at that stage.

avw1982

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Quote from: FabioDelcatto on May 17, 2016, 04:53:18 AM

Bitcoin is not dropping now and if it will drop than it can be not drop to that low because it will also rise soon and that can be perfect for the people with Bitcoin already.
So that is perfect for them the bad thing is that it can takes a long time until it will be more worth.

Here we are doing like survey only bro. Just think if drops, I will surely buy more and more and leave it for years and surely it will regain its price like what happen for the past years and by that we can be millionaire just like them. I will leave it and and continue life offline and do my daily choice and job and after long years and check if i got profit with who knows. I can buy a many 5 star hotels in California and I earn lot in fiat as well.

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Quote from: FabioDelcatto on May 17, 2016, 04:53:18 AM

Bitcoin is not dropping now and if it will drop than it can be not drop to that low because it will also rise soon and that can be perfect for the people with Bitcoin already.
So that is perfect for them the bad thing is that it can takes a long time until it will be more worth.

The op is just assuming and giving an example the what if's question. But yeah you are right, bitcoin is not dropping and it won't drop.

FabioDelcatto

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Bitcoin is not dropping now and if it will drop than it can be not drop to that low because it will also rise soon and that can be perfect for the people with Bitcoin already.
So that is perfect for them the bad thing is that it can takes a long time until it will be more worth.

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Quote from: prtty2gal2 on May 14, 2016, 02:33:23 AM

Quote from: GamingBro on May 12, 2016, 04:39:55 PM

I don't really know what i will do when happen smth like this, maybe i will start working on daily job or will try to work with altcoin but i will never stop forget bitcoin.

Your situation would be the common scenario if we face bitcoin price dropped to $1. Most of the people will not find what to do next. But, many people still believe that bitcoin will bounce back very soon. This kind of belief, will not make bitcoin to fall as the above.

You are right. Because of the faith, all the bit coiners having on bitcoin, definitely not let bitcoin to fall down to $1 levels. So, any dumping towards lower price will be overcome by the people who are looking for new buying opportunity in bitcoin.

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Quote from: chaosknight on May 14, 2016, 10:41:35 AM

I will collect 1000 coins if I see that price in near future, as I don't think that bitcoin will fall that low in coming years, its just an unrealistic value to think of.

I guess it is the best timing to invest when that happens and you've got a lot of money bro, but still we don't want it to fall down to $1.
We really just need to enjoy every price increase of bitcoins.
And you are right it is very unreal if bitcoin will fall to $1.

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Quote from: toy4lov3rs on May 16, 2016, 07:39:31 PM

Whatever you think or say I truly believe this is never gonna happen, it might fall back to $100 but $1 is something out of the nuts, so relax and enjoy the ride.

Yes we are believing in that, but still we cannot convince ourselves that there is no possibility of that - bitcoin dropping it's price to $1. Such things can happen, we all don't know. But we can always stick to the present. And the good thing is, bitcoin has a high value today and hopefully for the next days. Just don't stress ourselves on something that is not happening yet. That's only in my opinion.

Yes, just enjoy the high value of bitcoin today.

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Quote from: Betwrong on May 16, 2016, 12:55:06 PM

Quote from: Rotator on May 14, 2016, 10:31:55 AM

I very surprised to see how people are confident in future but we still don't know anything.
One is certain - nothing is certain-!
So please stop talking 1$ never again, good bye 400$.. Everything is posible!
Maybe 1$ has very very low chances, but still has.

Yeah, you are right, but when something has such chances to happen as Bitcoin to go down to $1 we generally say "It will never happen". If a kid doesn't want to go to school because he's afraid of being hit by a meteorite we say "Don't worry, you won't", right? )

Whatever you think or say I truly believe this is never gonna happen, it might fall back to $100 but $1 is something out of the nuts, so relax and enjoy the ride.

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Quote from: Rotator on May 14, 2016, 10:31:55 AM

I very surprised to see how people are confident in future but we still don't know anything.
One is certain - nothing is certain-!
So please stop talking 1$ never again, good bye 400$.. Everything is posible!
Maybe 1$ has very very low chances, but still has.

Yeah, you are right, but when something has such chances to happen as Bitcoin to go down to $1 we generally say "It will never happen". If a kid doesn't want to go to school because he's afraid of being hit by a meteorite we say "Don't worry, you won't", right? )

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Quote from: Text on May 15, 2016, 05:16:40 AM

If bitcoin's value dropped to one dollar then it only shows its weakness, everybody will quit. Honestly, one of the reason why I'm here because the price itself attracts me.
But I do agree also that even it reach the lowest amount, it could still make the price high but I think it will be harder.

There will be a extremely significant loss in confidence for sure if Bitcoin would drop to $1 at today's valuation. It's also true that a lot of the people here (most of the people?) are solely attracted by the high/rising valuation - which doesn't apply in my case. I don't think that everybody will quit just because of the price decrease. Personally I've decided to never cash out for fiat.

What's more important than the price decrease itself is the reason for such an epic drop. If the reason is a fundamental security flaw, then Bitcoin is most likely done. But it's also possible that such an event might just be based on elaborate market manipulation or the collapse of several major exchanges. In this case, a quick recovery is possible.

ya.ya.yo!

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Quote from: jamesl22 on May 13, 2016, 05:33:35 PM

I will buy 50% of my total financial balance, If I am earning usd 2k then I will buy bitcoin worth usd 1k as I have total faith in it that it will rise again in future.

But most of the people will buy with all their savings. So, practically it is not possible as the buying pressure would be enormous. A huge amount of new bitcoins investors will come and secure their big amount of bitcoins. So, price will come back to normal levels within hours for sure.

Topic: If bitcoin dropped to $1, what you do? - page 76. (Read 98162 times)