What will happen if Bitcoin reach 1 USD exchange rate?

randy8777

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Quote from: ndnh on September 04, 2015, 05:45:30 AM

I will buy a lot. Cheesy

Of course, assuming the fundamentals are intact, and it is still the massively adopted crypto, and the price drop was created by a stupid whale.

nearly all price drops are the result of a whale dump. normal traders will then follow with selling. that's also how it works with stocks. the trading is the same.

ndnh

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New Decentralized Nuclear Hobbit

I will buy a lot. Cheesy

Of course, assuming the fundamentals are intact, and it is still the massively adopted crypto, and the price drop was created by a stupid whale.

neochiny

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Crypto.games

Quote from: jacktheking on August 14, 2015, 09:53:19 PM

What do you think will happen if Bitcoin reach 1 USD exchange rate? Will there be more people joining in to get some cheap Bitcoin? Or will they be a big dump and drop in volume? I personally think that if one day Bitcoin reach 1 USD per Bitcoin it will be the headlines on many newspaper. It will attract lot of attention and more people will buy Bitcoin online while it's cheap.

well if bitcoin drops to 1 usd again, like in the beginning...
a lot of people will sell their bitcoin, before it really gonna happen..
because before it reaches 1 usd , there will be a panick already.
and dump their bitcoins. causing the bitcoin to go more lower.
a lot of dollars will be wasted. but the good thing is... all new comers in bitcoin,
and all beginners.. will be very good timing on it...
in reverse a lot of bitcoin believer will still buy and hope that it will go up to at least a $1000 ...
well whatever happens ,, goodluck to all of us.. Tongue

Monopoly

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Quote from: Mobius on September 03, 2015, 06:54:10 PM

I would consider the project dead and move on to another crypto. If something happens where BTC can't maintain a ~$13M marketcap, something terrible has happened.

there is a entanglement between Btc and other crypto currency coins ... If btc will fail all others will fail ..........

Mobius

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I would consider the project dead and move on to another crypto. If something happens where BTC can't maintain a ~$13M marketcap, something terrible has happened.

Q7

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If one bitcoin ever reaches 1 usd per coin, then something must be really wrong. Either someone found a way to exploit and generate free coins out of thin air or the whole blockchain is in a mess or some other things never thought of. When that happens i would think twice even it was offered to me for free.

ssmc2

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Quote from: adamstgBit on August 31, 2015, 03:21:35 PM

if bitcoin reaches 1$ its going to 0$ in the following 3 seconds.

This

willope

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Massive suicide. ->The extinction of thee geeks. ->The "gamer" market collapses. ->Sony, ASUS, Microsoft collapses.->Silicon Valley collapses. ->More massive suicide. -> There is no more brilliant brains remaining on the world. -> World war 3. -> End of the world.

SO, bitcoin's death -> End of the world.

You don't want that, do you?

Wink

randy8777

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Quote from: n2004al on September 03, 2015, 05:40:42 AM

Quote from: kromtar on September 01, 2015, 02:50:42 AM

If that happen i will buy a bunch and even do faucet like mad, just in case it recover some day hehe

Please make me an email to sell mine. Even i will lose almost all my money at least will have 1 dollar for bitcoin. Better few then nothing!

it's not worth selling your coins for $1 as you basically has nothing to lose anymore. there surely will be a lot pump and dump groups active. even then you as trader can make a good bit of profit.

n2004al

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Quote from: kromtar on September 01, 2015, 02:50:42 AM

If that happen i will buy a bunch and even do faucet like mad, just in case it recover some day hehe

Please make me an email to sell mine. Even i will lose almost all my money at least will have 1 dollar for bitcoin. Better few then nothing!

XCASH

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Quote from: srgkrgkj on September 01, 2015, 05:23:58 AM

Quote from: richardsNY on September 01, 2015, 03:05:24 AM

If it reaches $1 we can consider bitcoin as good as done. It means that no one is willing to protect certain price levels.

yup and that the whole infrastructure is on the verge of collapse as $1 is practically where bitcoin came from Sad

No, Bitcoin started out at something like 1000 Bitcoins for a dollar. The first big pump peaked at $2, then it crashed back to 50 cents each. There must have been people that dumped all their Bitcoins at $1 because they had made 1000x profit. Bitcoin will only be dead if it ever goes back to 1000 Bitcoins for a dollar for a significant length of time, and not before that.

Bitcoin briefly crashed down to $0.001 for about 15 minutes in June 2011 after Jed had his laptop hacked when he was at MtGox. It survived that and will survive other catastrophes.

Quote from: cypherdoc on February 12, 2014, 08:06:17 PM

don't forget Jed's laptop was the one that got hacked revealing the admin pwd leading to the mtgox plunge to $0.001 over a period of about 15 min back in June 2011.

i tried to scrape up the video of that plunge but no success. i remember being right there when it happened. one of the most dramatic things i've ever seen realtime.

srgkrgkj

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Quote from: richardsNY on September 01, 2015, 03:05:24 AM

If it reaches $1 we can consider bitcoin as good as done. It means that no one is willing to protect certain price levels.

yup and that the whole infrastructure is on the verge of collapse as $1 is practically where bitcoin came from Sad

MGMT

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Quote from: adamstgBit on August 31, 2015, 03:21:35 PM

if bitcoin reaches 1$ its going to 0$ in the following 3 seconds.

Doubt it. It wouldn't even get that far because people would just put in massive buy orders. Bitcoin would be in trouble long before it ever reached that price though. Even if it dropped to sub 100 miners would be mining for free most likely/

Monopoly

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Quote from: theegle on August 31, 2015, 01:58:45 PM

if it happens then some big companies will buy most of them and then promote it very well to earn good profit

When btc will reach to $1 that means the project is failed and it is very very very very hard to reviving a dead project ........... Like all of altcoins that are dead now

richardsNY

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If it reaches $1 we can consider bitcoin as good as done. It means that no one is willing to protect certain price levels.

kromtar

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contracorriente

If that happen i will buy a bunch and even do faucet like mad, just in case it recover some day hehe

malphite

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Quote from: lexuz on August 30, 2015, 06:01:38 PM

When the price falls to $50, i think who holding a bitcoin wikk sell all their coins and never want to see bitcoin prices again. Not need to wait falls to $1

I think you`ll see most jumping the ship if it ever did fall below $100. Or gave indication its struggling to hold at that level.

Plus think about how much you gotta own to make it worth anything lol.

techgeek

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Quote from: Odalv on August 30, 2015, 06:20:41 PM

Quote from: lexuz on August 30, 2015, 06:01:38 PM

When the price falls to $50, i think who holding a bitcoin wikk sell all their coins and never want to see bitcoin prices again. Not need to wait falls to $1

Do you understand that you can sell only if somebody is buying ?

Most people have a hard time how supply and demand works...

But seriously, that means we have zero demand for bitcoin to make the value to be $1. lol.

Ruzka

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Quote from: gentlemand on August 31, 2015, 03:15:34 PM

Quote from: Ruzka on August 31, 2015, 02:41:07 PM

Then if it dropped to that $1 you speak of I would have lost a few thousand but gained the status of becoming a whale once I double down my few thousand losses. I don't like to say never but I doubt very much that Bitcoin will ever be close to $1 again that boat was missed along time ago.

I think you'd be better off premining 21 million of your own coins to send to yourself because you'd be throwing your dollars away.

Premining my own coin would not have the following nor adoption that Bitcoin has though will it?

I see you mean it would be finished and I agree to an extent but if the tech is still there working and people still using it on darkweb etc then it won't be long until a nice pump and even if not, it doesn't really matter mate I'l be like the captian that goes down with his ship.

Cheesy

Win some, lose some

mrhelpful

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If it ever did reach that crazy #.

Then most of us are on a buying spree on a certain extent of level, which is filled with hope that the value will go back one day.

But seeing that value just means that almost all exchanges have failed then. And millions VC money lost and sites like coinbase will pretty much sell off - the prices are set based on the exchanges.

So that means all those exchanges need to fail- impossible scenario.

Topic: What will happen if Bitcoin reach 1 USD exchange rate? (Read 4532 times)