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Topic: If bitcoin dropped to $1, what you do? - page 93. (Read 98162 times)

sr. member
Activity: 420
Merit: 250
April 28, 2016, 01:10:51 PM
If the 50 dollar I would already stop with using the bitcoin itself so I think it even will never reach such a amount, if it collapse it will collapse once and for all and from 50 dollar to the 0 zero.
Most likely there is just such a good chance that this will never happen.
hero member
Activity: 518
Merit: 500
April 28, 2016, 01:04:48 PM
If that would happen, there should be a reason behind it meaning Bitcoin lost his credibility and people don't trust it anymore so it won't have any purpose. If that would be the case another currency will rise and will take Bitcoin's place.
legendary
Activity: 2646
Merit: 1106
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April 28, 2016, 12:55:36 PM
The chance is really small that it can happen and that is because it keeps stable for a long time and as you know you also know that the halving is also coming.
And the halving can be nice for all of us and that should be perfect if the price is going to rise.
If bitcoin drops to such a low value don't get vexed buy many coins that it would be good for you while price go high. But I think that this situation never happen as halving is near the price only increases to some huge values.
sr. member
Activity: 336
Merit: 250
April 28, 2016, 12:19:46 PM
The chance is really small that it can happen and that is because it keeps stable for a long time and as you know you also know that the halving is also coming.
And the halving can be nice for all of us and that should be perfect if the price is going to rise.
hero member
Activity: 812
Merit: 500
April 28, 2016, 11:10:09 AM
How in this world that bitcoin could dropped to $1 dollar ? If this really happen, that must be a big serious problem about bitcoin and i don't think bitcoin will raise again.  So basically it's worthless

Yes and thats not possible because the fate of bitcoin is in depends of user and if all the user do panic selling well i thinl its the end of bitcoin and drops the said price and other will that oppurtunity to buy more bitcoin because bitcoin had potential bounce back to its price as history says, i really relay on bitcoins history thats why i believe on bitcoin and benifits of it.

Currently there is no chance of $1 for a bitcoin to drop and neither there is any chance of such a panic as you mentioned.
Bitcoin is a belief in oneself and the people wont let it down  Smiley
sr. member
Activity: 348
Merit: 250
April 28, 2016, 10:58:09 AM
as long as i can use bitcoin in everyday transaction i will still embrace bitcoin even its value goes down to $1,ofcourse i will sell before it touches 1$ and i will buy more. but that is very unlikely to happen. bitcoin is getting more popular day by day.
member
Activity: 98
Merit: 10
April 28, 2016, 10:53:47 AM
I would buy like 50 BTC and store it until price goes to ~$1k
sr. member
Activity: 462
Merit: 250
April 28, 2016, 10:32:10 AM
I would aready stopped with using the bitcoin to be honest when this would happen, luckily most likely this will not happen at all in my eyes.
Its unbelievable to be honest that it would go to this amount.
member
Activity: 60
Merit: 10
April 28, 2016, 10:00:21 AM
I will buy as much as I can and keep my fingers crossed for the return of the Jedi.
full member
Activity: 140
Merit: 100
April 28, 2016, 09:19:32 AM
I will buy bitcoin as many as i can, Im sure it will.go up after 1$ rollback price
hero member
Activity: 826
Merit: 502
April 28, 2016, 08:06:22 AM
How in this world that bitcoin could dropped to $1 dollar ? If this really happen, that must be a big serious problem about bitcoin and i don't think bitcoin will raise again.  So basically it's worthless

There's a little possibility in the far future that an alt coin will replace bitcoin. We might not see it right now but there's still a chance that it happens.

Once bitcoin dropped its price to 1$ from 440$, then that simply means that people are dumping all their bitcoins and are switching to another crypto-currency. I might as well dump my bitcoins at that time before it becomes completely worthless. Smiley

It's either an alt coin will replace bitcoin or bitcoin will be stronger than it was.
hero member
Activity: 1764
Merit: 505
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April 28, 2016, 08:03:57 AM
How in this world that bitcoin could dropped to $1 dollar ? If this really happen, that must be a big serious problem about bitcoin and i don't think bitcoin will raise again.  So basically it's worthless

Yes and thats not possible because the fate of bitcoin is in depends of user and if all the user do panic selling well i thinl its the end of bitcoin and drops the said price and other will that oppurtunity to buy more bitcoin because bitcoin had potential bounce back to its price as history says, i really relay on bitcoins history thats why i believe on bitcoin and benifits of it.
hero member
Activity: 966
Merit: 500
April 28, 2016, 07:44:59 AM
How in this world that bitcoin could dropped to $1 dollar ? If this really happen, that must be a big serious problem about bitcoin and i don't think bitcoin will raise again.  So basically it's worthless
hero member
Activity: 1498
Merit: 502
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April 28, 2016, 07:43:18 AM
Bitcoin is volatile, extreme volatile. But even fluctuation of bitcoin has its borders. I am convinced that we won't ever see bitcoin price lower than $100 at this point.
There is no way that with our current market cap and all bitcoin startups, companies and services bitcoin price could go as low. If someone is telling you otherwise - he is just being paranoid.

but bitcoin is unpredictable, Right? everything can happen with bitcoin. it is seems  hard for bitcoin to drop its price but not impossible. I hope it won't happen in future. but if it happens I think it won't affect usage of bitcoin. just like dollar.
legendary
Activity: 1596
Merit: 1005
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April 28, 2016, 07:38:32 AM
Bitcoin is volatile, extreme volatile. But even fluctuation of bitcoin has its borders. I am convinced that we won't ever see bitcoin price lower than $100 at this point.
There is no way that with our current market cap and all bitcoin startups, companies and services bitcoin price could go as low. If someone is telling you otherwise - he is just being paranoid.
legendary
Activity: 1148
Merit: 1000
April 28, 2016, 07:35:23 AM
I think 99% of Bitcoin holders will have bailed out by the time it reaches the $1 floor price, especially if the descent occurs over a long period of time. Only hardcore fans (and of course dreamers) will be left in the game. I estimate chances of a full recovery to be pretty low at this point because Bitcoin's credibility will have been permanently tainted.
Still, I would probably buy 50 - 100 Bitcoins just in case  Wink

Maybe you have some point with that but i could say many wi take this oppurtunity to buy more bitcoin and leave it in their wallet in years as same as what they did for past people who buy bitcoin at cheap price and now became millionaires people will come and buy and buy more because many will believe that bitcoin will bounce back as history said, bitcoin has many downs but still survive in terms of crisis.

Yes, Bitcoin has dropped to around $185 before but dropping to $1 is a crash on a completely different level. Who will want to store their wealth in Bitcoin after that? Bitcoin is doing well right now and still the vast majority of people will not consider for a second converting their hard-earned savings to Bitcoin. Imagine the level of trust the masses will have in Bitcoin if it goes from $450 to being worth $1.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
April 28, 2016, 07:31:03 AM
did it will need a few years more to get back at $300-$400 if bitcoin back to $1 , and many people that already loss must wait at that time to get their money back, it will be very hard to rise again
no if so many people buy bitcoin and expecting for price rise,the demand will be more than supply which affect the price and it'll rise a lot
that's simple,and i'm sure the price will recover back to ~200$ as people expected from buying a bitcoin
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
April 28, 2016, 07:28:31 AM
did it will need a few years more to get back at $300-$400 if bitcoin back to $1 , and many people that already loss must wait at that time to get their money back, it will be very hard to rise again
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
April 28, 2016, 07:02:04 AM
I think 99% of Bitcoin holders will have bailed out by the time it reaches the $1 floor price, especially if the descent occurs over a long period of time. Only hardcore fans (and of course dreamers) will be left in the game. I estimate chances of a full recovery to be pretty low at this point because Bitcoin's credibility will have been permanently tainted.
Still, I would probably buy 50 - 100 Bitcoins just in case  Wink

Maybe you have some point with that but i could say many wi take this oppurtunity to buy more bitcoin and leave it in their wallet in years as same as what they did for past people who buy bitcoin at cheap price and now became millionaires people will come and buy and buy more because many will believe that bitcoin will bounce back as history said, bitcoin has many downs but still survive in terms of crisis.
hero member
Activity: 602
Merit: 500
April 28, 2016, 06:46:12 AM
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 because than i will buy a lot of bitcoins, and than i save my bitcoins and wait for a good time when the price of bitcoins will reach at least 700$ than i will sell it. but i know the dream never come true.
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