If bitcoin dropped to $1, what you do? - page 8.

Mastsetad

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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.

peta4e

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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.

Yup majority of people keeps on saying that they will buy maximum number of coins if price falls to $1, but I really don't think that people will buy as they will surely get panic if they see that price in future.

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An unlikely scenario, perhaps the dream of many people.

aesma

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Quote from: 8Habits on August 18, 2016, 02:08:59 AM

Quote from: lavapits on August 18, 2016, 01:47:34 AM

Quote from: Monnt on April 15, 2016, 07:09:21 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 would buy 20 bitcoins and would let them sit in my wallet, as i am pretty sure that even if bitcoin price would drop so low, it's price still would rise back up some day

Why only 20 bitcoins? That would only be like $20

If I do, I will buy a minimum of $1000 or 1000 bitcoins and just set and forget it for a decade - not minding anything about bitcoin news and stuff like that. If after a decade the price will go even just $100 I'll be $100,000 richer but if the btc price goes $1000 each, I'll be a millionaire then, right?

But bitcoin is not something you can forget about for 10 years. Because if most people do like you, then bitcoin will simply not exist anymore. It needs users, it needs miners.

CoinFoxs

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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

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.

chaser15

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Quote from: Mr. Big on August 18, 2016, 01:17:55 AM

Quote from: Lexlaz on August 17, 2016, 07:19:28 PM

Probably buy more

That's too risky and possibly we are on the "end of the end" history of bitcoin..

Exactly. Others want to have such a low price for bitcoin so that they can even buy more. They didn't think why in the first place the price will reach that $1. That's a total failure of bitcoin if ever the price will reach that range.

I doubt bitcoin can make it to the top again if ever the price will dropped to $1. Imagine for years with the support from the community still the price will suffer that kind of state.

8Habits

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Quote from: lavapits on August 18, 2016, 01:47:34 AM

Quote from: Monnt on April 15, 2016, 07:09:21 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 would buy 20 bitcoins and would let them sit in my wallet, as i am pretty sure that even if bitcoin price would drop so low, it's price still would rise back up some day

Why only 20 bitcoins? That would only be like $20

If I do, I will buy a minimum of $1000 or 1000 bitcoins and just set and forget it for a decade - not minding anything about bitcoin news and stuff like that. If after a decade the price will go even just $100 I'll be $100,000 richer but if the btc price goes $1000 each, I'll be a millionaire then, right?

lavapits

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Quote from: Monnt on April 15, 2016, 07:09:21 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 would buy 20 bitcoins and would let them sit in my wallet, as i am pretty sure that even if bitcoin price would drop so low, it's price still would rise back up some day

roby25

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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

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Quote from: Mr. Big on August 18, 2016, 01:17:55 AM

Quote from: Lexlaz on August 17, 2016, 07:19:28 PM

Probably buy more

That's too risky and possibly we are on the "end of the end" history of bitcoin..

Quote from: nejibens on August 17, 2016, 08:25:46 PM

I don't think the bitcoin's price will drop down to this cheap price even in the worst cases, but if it happen that will be great opportunity for the Bitcoin's holders.

Though it's hard to imagine that it would happen this time, but maybe, just maybe, it is possible, for some it may mean an opportunity, but for me, it's not...

Quote from: Steinar on August 18, 2016, 01:02:23 AM

If bitcon dropped to $1 then its most likely that bitcoin would be declared dead for the last and final time. I cant fathom it coming back from something so serious and trust me, its going to need to be something super serious in order to get btc to $1.

yup, it needs too much pressure to pull it down that low, but for sure, we are one of the responsible for that downfall if it really happens, we are part of the system...

if bitcoins price would go to $1 price then it dead and same as other said , many people would lost its trust to buy some more. Agree, there would be a very very serious problem when bitcoin reaches that amount but i believe it wouldnt happen anytime soon.

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Quote from: Lexlaz on August 17, 2016, 07:19:28 PM

Probably buy more

That's too risky and possibly we are on the "end of the end" history of bitcoin..

Quote from: nejibens on August 17, 2016, 08:25:46 PM

I don't think the bitcoin's price will drop down to this cheap price even in the worst cases, but if it happen that will be great opportunity for the Bitcoin's holders.

Though it's hard to imagine that it would happen this time, but maybe, just maybe, it is possible, for some it may mean an opportunity, but for me, it's not...

Quote from: Steinar on August 18, 2016, 01:02:23 AM

If bitcon dropped to $1 then its most likely that bitcoin would be declared dead for the last and final time. I cant fathom it coming back from something so serious and trust me, its going to need to be something super serious in order to get btc to $1.

yup, it needs too much pressure to pull it down that low, but for sure, we are one of the responsible for that downfall if it really happens, we are part of the system...

Steinar

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If bitcon dropped to $1 then its most likely that bitcoin would be declared dead for the last and final time. I cant fathom it coming back from something so serious and trust me, its going to need to be something super serious in order to get btc to $1.

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Quote from: ?? on ??

Quote from: madwica on August 17, 2016, 08:03:57 PM

Quote from: ?? on ??

Quote from: Lexlaz on August 17, 2016, 07:19:28 PM

Probably buy more

That is going to be a good opportunity if you are going to buy more a lot of bitcoins with that price only if you are really going to take the risk. It is going to be a risky thing if that is going to at that rate and you are going to buy a lot more. And you don't know what is going to happen if you are going to buy with that price.

That is why we need to buy only how much we can afford to lose because what ever happen we will never depress on our investments because the risk we have in online investment is too high we only lessen the risk if we invest small amount of our money but the return of it is also small.

Yes that is needed to considered so that you know that still two things are possible to happen if the price of bitcoin dropped to that amount.
It's either the price is going to keep on dropping or the price is going to fluctuate higher it is going to depend on you. On how you are going to trust bitcoin and you are going to take the risk.

Maybe some would buy more bitcoin in that time because they have still trust bitcoin in the end and hoping that it would rise up again and maybe some would lost its trust to bitcoin and would never buy again and maybe when that time comes there would be another crypto that would takes place after bitcoin era.

joshvette001

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Having it drop so low would eventually be it's demise and alot of people would give up on it including myself if it said that way for a few days. Embarrassed

nejibens

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I don't think the bitcoin's price will drop down to this cheap price even in the worst cases, but if it happen that will be great opportunity for the Bitcoin's holders.

madwica

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Quote from: Lexlaz on August 17, 2016, 07:19:28 PM

Probably buy more

That is going to be a good opportunity if you are going to buy more a lot of bitcoins with that price only if you are really going to take the risk. It is going to be a risky thing if that is going to at that rate and you are going to buy a lot more. And you don't know what is going to happen if you are going to buy with that price.

That is why we need to buy only how much we can afford to lose because what ever happen we will never depress on our investments because the risk we have in online investment is too high we only lessen the risk if we invest small amount of our money but the return of it is also small.

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Probably buy more

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Quote from: Aamir1 on August 10, 2016, 12:50:59 AM

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Quote from: chek2fire on April 15, 2016, 07:43:24 PM

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.

They would surely turn to something else if they see no potential of growing bitcoin again but later on if bitcoin recovers and starts growing again then people will again start investing and using it.

I think its depends on the user itself. while the user is still there and still in use bitcoin so bitcoin will continue to live and if there is still demand and users will continue to grow. then I believe bitcoin prices will go up and come back to life from death

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Quote from: Bitcoinsummoner on August 17, 2016, 12:45:09 PM

Quote from: crossabdd on August 17, 2016, 12:37:57 PM

Quote from: jak3 on August 17, 2016, 12:31:15 PM

if bitcoin reached 1$ then i am gonna leave the bitcoin but i will not leave the vertual currency world i am sure bitcoin davelopers will develop something new like the same as bitcoin and we all will be back in busness

yes, there is a possibility when the bitcoin verge of collapse, there will be a virtual currency to compete with bitcoin present. I have no problem with it, during the better of bitcoin and could be beneficial to users.

Well i believe that bitcoin will not crash in that price i will stay at bitcoin i dont want to use other altcoin because altcoin is still not accepted by many stores online..

The same way no one believed bitcoin could be worthing 10 dollars, even 100 or 1000 dollars in the past, people dont believe it can crash, there is nothing safe at crypto world. Bitcoin is the most secure crytpo coin and has the best security with it, sure bitcoin is getting more showed, more exposed to new people, but we can say it wont drop or it cant. Most people do trade altcoins to boost their bitcoins, not to use them as you said most stores works with bitcoin and just.

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Quote from: shinratensei_ on July 31, 2016, 05:27:41 AM

Quote from: kevpantof on July 31, 2016, 01:30:20 AM

Quote from: eEngelan on July 31, 2016, 12:29:50 AM

If bitcoin drops to 1 dollar, ill buy more and invest it till the price increase

if it goes to 1$ per BTC then do you think it will rise again and you can invest when price increase??
think twice

I will believe if there are another people will say to think twice, for to do that, because it seems like the coin in front of their hole of dead and in my minds investing on them is between alive or dead. Cry

I think for bitcoin has a price would still be users who will remain in bitcoin. and if there are still users of course bitcoin will remain alive. it is still possible to have an extra bitcoin users. yeah to expand again may still have the possibility. but less likely for bitcoin. yeah you need to think two times to want to invest back

Topic: If bitcoin dropped to $1, what you do? - page 8. (Read 98180 times)