What will happen if Bitcoin reach 1 USD exchange rate? - page 2.

agath

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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 is true: if Bitcoin has still any usability, 21M of bitcoins are a too small number to keep the value to $1. There are too many people that would buy huge quantities... therefore the only reason that would make its value fall so low is that it doesn't work (hackable? unsafe? Transaction takes too long to be confirmed because blocks are still only 1M? And so on..). At this point it loses all the value so most likely it's 0.

adamstgBit

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Trusted Bitcoiner

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

gentlemand

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Welt Am Draht

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.

Ruzka

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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.

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.

coinzat

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Young but I'm not that bold

It will be the last scene in bitcoins live as miners will stop mining of course
And I think this scenario may happened before reaching this price

theegle

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

gentlemand

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Welt Am Draht

Quote from: Furio on August 31, 2015, 10:24:54 AM

Long before it reaches that amount the whole network isn't capable of maintaining due to the high power cost and low returns, bitcoin would die long before 1 dollar, since there is too much economy in it now

What do you reckon an actual death spiral would look like?

Monopoly

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

What do you think will happen if Bitcoin reach 1 USD exchange rate?

It will dead forever ... i think even Bictcoin reach to $30-40 again it will happened .........

Furio

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BTC | LTC | XLM | VEN | ARDR

Long before it reaches that amount the whole network isn't capable of maintaining due to the high power cost and low returns, bitcoin would die long before 1 dollar, since there is too much economy in it now

Dilla

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Between the shorts, and massive buying, it'd probably go to $100k Cheesy

Odalv

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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

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

lexuz

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Me, myself and I

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

Shiver

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I'm in the camp of "I'd throw $1000 at it" as it's still better than a lottery ticket. I can't conceive of a situation that would cause that though with what we know at the moment.

randy8777

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Quote from: findftp on August 30, 2015, 04:08:39 PM

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.

Dude, this already happened somewhere in 2011.

i am sure he means from now to till in the future and not what has happened in the past. it's simply not possible anymore unless we all leave the project because it failed. even then people will not sell their coins for $1

findftp

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Delusional crypto obsessionist

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.

Dude, this already happened somewhere in 2011.

thinkinger

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i think it will never reach 1 dollar.having been usable for sending money for a little money , never will. if the universe collapses then maybe it can be zero.

Nextgen

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if that happens then i will buy more then 5000 bitcoins for sure
come on man, after such broad userbase I don't think it will happen ever not even in dreams Wink

Markos

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Possible scenario in one case - quantum computer that will break SHA-256 algorithm. Then bitcoin will have new algorithm (SHA-3?) and network safety returns to 2010-2011 level

RodeoX

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The revolution will be monetized!

I remember this discussion from 2011. Many people had charts "proving" that bitcoin could never reach $1. Cheesy

We have come a long way baby.

Shinpako09

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If thats happen then its time to convert my fiat into btc

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