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Topic: If bitcoin dropped to $1, what you do? - page 94. (Read 98181 times)

legendary
Activity: 1148
Merit: 1000
April 28, 2016, 05:18:23 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
sr. member
Activity: 336
Merit: 250
April 28, 2016, 04:30:40 AM
The chance is really small that it can happen because the value keeps stable for a long time and maybe it would be also more worth later so that would be nice.
But if that is going to happen than there will be a lot of people that is getting poor I think.
sr. member
Activity: 420
Merit: 250
April 28, 2016, 03:34:05 AM
if bitcoin drop to 1dollar, i will hold, hold and hold.

for what hold a coin that is not valuable? I am sure that bitcoin already are at stake
and there will probably evolve again. if it has been touched in the price of $1
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
April 28, 2016, 03:24:53 AM
I have nothing to do but to stop using bitcoin since I did not even invest a single cent from real money. It is okay for me and I have nothing to do with it or I will still collect more hoping for a price back.

Every user who really know the true nature of bitcoin try to collect as much possible as quoted by the above mate. Bitcoin has grown to peak from $1. So in future if price falls to $1 surely increase will happen.

Definitely these statements were right. If bitcoin drops to $1 then probably it is the best time to purchase more btc because surely it will increase again.
full member
Activity: 154
Merit: 100
I2VPN Lead developer.Antidote to 3-letter agencies
April 28, 2016, 03:01:20 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.
Buying and selling bitcoins is useless.
There are reasons why Bitcoin prices go up and down, it may be due to some miner rage, it may be due to some underlying currency price fall, I actually don't care.
I just care about Bitcoin existance, 1 BTC will ever be 1 BTC regardless of Bitcoin prices, none can change that.
sr. member
Activity: 334
Merit: 250
April 28, 2016, 03:00:22 AM
I don't think this will ever happen, but if it would, then I would buy 500 BTC  Grin
legendary
Activity: 1176
Merit: 1024
April 28, 2016, 02:57:25 AM
Kill myself, then revive and rage purchase lots of BTC and pray.  Cheesy
But if it reached to that amount I don’t think that it will come back again as with that a lot of people would have lost their money in bitcoin and they will never ever again deposit their money in bitcoin so do not think like that.
legendary
Activity: 1148
Merit: 1006
Black Panther
April 28, 2016, 02:50:17 AM
I think for this year it's impossible but if this really happen, I feel regret all the time .
Since I know bitcoin, I'm depend on bitcoin for some factor ( pay my school fee , etc ) so I can help my parent a little bit
hero member
Activity: 784
Merit: 500
April 28, 2016, 02:22:03 AM
I would buy a bitcoin as much as possible. I will spend my savings. because I know the price of bitcoin will be back upward.

It all depends on what the reason is...If the price drops because investors leave bitcoin, then your savings will be at risk if you buy more without an assurance that you will profit from it..$1 price is probably shows a dying bitcoin..But if it is because of a pump and dump(which I think would not be possible to reach the floor) then you made a right decision...

after I think, it seems it would be very risky. Imagine if the price is now $440 then be $1. This is clearly the destruction of bitcoin has arrived, and soon everyone will leave bitcoin. so be careful to buy a lot of bitcoin when it dropped to $1
newbie
Activity: 14
Merit: 0
April 28, 2016, 02:10:18 AM
if bitcoin drop to 1dollar, i will hold, hold and hold.
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
April 28, 2016, 02:03:22 AM
I have nothing to do but to stop using bitcoin since I did not even invest a single cent from real money. It is okay for me and I have nothing to do with it or I will still collect more hoping for a price back.

Every user who really know the true nature of bitcoin try to collect as much possible as quoted by the above mate. Bitcoin has grown to peak from $1. So in future if price falls to $1 surely increase will happen.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
April 27, 2016, 10:21:00 PM
this whole topic looks like a big impossible dream that will never happen. bitcoin is just getting popular and going up. there are big companies like Valve starting to accept bitcoin. besides, do you think all these big whale investors would let something like that happen, they will put up huge buy walls that no body in the world can break.
and lets not forget about all of us small time investors who will start buying if the price goes down a little.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
April 27, 2016, 10:17:09 PM
If bitcoin dropped to $1 probably that is sign that bitcoin will probably die soon.

But I would do buy maybe 5 btc  for just a saving and future purpose and maybe it will pump again to higher price.
sr. member
Activity: 574
Merit: 255
April 27, 2016, 09:49:26 PM
I have nothing to do but to stop using bitcoin since I did not even invest a single cent from real money. It is okay for me and I have nothing to do with it or I will still collect more hoping for a price back.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
April 27, 2016, 09:47:01 PM
I would buy a bitcoin as much as possible. I will spend my savings. because I know the price of bitcoin will be back upward.

It all depends on what the reason is...If the price drops because investors leave bitcoin, then your savings will be at risk if you buy more without an assurance that you will profit from it..$1 price is probably shows a dying bitcoin..But if it is because of a pump and dump(which I think would not be possible to reach the floor) then you made a right decision...
hero member
Activity: 2464
Merit: 594
April 27, 2016, 09:41:03 PM
None of my mind to think more so the value of bitcoin to lesser but if it be really, really disappoint me. But not also remove from my mind the returns also increase the price of bitcoin can be provided so long as I have this time.
legendary
Activity: 1218
Merit: 1007
April 27, 2016, 07:24:26 PM
consider myself lucky I dont have some crazy bitcoin farm like
some people have lol.

I would buy at least 1000 coins and just hope for a bounce back
I too wish I had some insane Bitcoin farm, but that is never going to happen to me, primarily due to the cost of it and the lack of space I have available.

If it was $1/BTC I think $1000 would likely be a sound investment, because you make money at basically any point the price goes up (obviously), but you make $10 for every $0.01 it goes up, so that might be fairly beneficial to most people.
legendary
Activity: 1526
Merit: 1001
April 27, 2016, 07:17:37 PM
I would buy a bitcoin as much as possible. I will spend my savings. because I know the price of bitcoin will be back upward.
legendary
Activity: 1442
Merit: 1000
April 27, 2016, 06:56:22 PM
consider myself lucky I dont have some crazy bitcoin farm like
some people have lol.

I would buy at least 1000 coins and just hope for a bounce back
legendary
Activity: 966
Merit: 1042
April 27, 2016, 06:43:29 PM
Buy buy buy! Why not at that point? I would buy at least $100 every paycheck  Grin. That would be huge to own 1/10000th of the world's BTC(BTC2100)
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