Bitcoin Forum

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

The odd of that to happen is really small but If that truly happens then i'm gonna buy it like thousand of btc, I mean there's always a chance of BTC recovering up
and most of people actually thinking when bitcoin under $20K it's already undervalued and I'm sure there are hundred thousands of people out there willing to buy
btc at that price. Not to mention the fact that BTC already widely accepted as currency for payment in internet more specifically digitial goods means there's nothing wrong
in holding it even if the price not going back up again.

Nothing is impossible in this world, who would have thought that Bitcoin will command a 6 digits price ten years after it was created, if ever Bitcoin reach that price for whatever reason, I will buy at least $100 the amount that I am comfortable in buying, as long as Bitcoin blockchain is working and we can still transact, who knows it will resurrect again, I have to wake up for this dream too, only the absent of the internet can that happen or disruption of the chain.

Truth be told I'm honestly hoping for a mighty market crash like 2020 but not with the help of a new covid 19 this time around, hoping for something that won't take the lives of many people

That would depend actually, but for it reaching $1 is quite impossible.
If you're imagining this situation, first of course the panic will happen, but for some hodlers they'll just buy more of course.
I wouldn't mind of that as it is more of opportunity. I wouldn't just commit all my assets to it for obvious reasons.
Imagine all of your assets became worth <$1.

I saw a video on youtube before that there is live trading being recorded and the exchange was still Mt. Gox before, and the price went to $0 in some seconds I think, or around a minute. But it went back again above $1 after some seconds, so if ever it will happen again, I will buy more, it already happened before which before was still very early of Bitcoin and there was only 1 popular exchange which is Mt. Gox.

P.S. I can't find the video on youtube.

I don't want to be abnormal with silly thoughts, what makes OP think BTC can drop to $1.
We should be honest and see things, this market is now on a different level and it is difficult to destroy it. And more than that, people still accept and apply the benefits it brings to life every day.

How can you exit when the price is down to $1.00? It means you have lost everything that you have saved for the last years or so. And if you think that BTC can bounce back again, then the best thing to do is buy more.

But if you think that it will be dead forever, then you have the important decision to take that huge loss and go take your money to other investments platform.

However, I don't think that bitcoin will go simply to $1.00, to be honest. Unless the internet is dead or if we are somewhat in a war or something wherein there is a devastation.

I will definitely buy-1000 Btc, if the price is $1 when I'm dreaming-don't be afraid to buy-except-the thing I'm most afraid of when I wake up is the internet is gone-the lights are off-that's what I'm afraid of-Bitcoin $1 who's afraid.

First of all, I admire your imagination. This is an impossible thing, but I would be very surprised if it happens. I think I'll invest at least $100. Then I watch the market and even if $100 is lost, I won't be devastated. I think there will be very exciting moments, I am in cash right now and I would like to experience it  ;D

This will no longer happen, since too many large players are constantly investing in bitcoin when the bitcoin price was even 60k$ and therefore large players will not allow such scenario in which bitcoin will drop to 1$, and so of course it would be interesting to see what would happen to bitcoin and the cryptocurrency market if the price of bitcoin would fall to 1$, but unfortunately or fortunately we will never see this, so we can only dream about such scenario.

We can only assume such bitcoin value only in dreams if it happens I will definitely buy as much as I can but I know that day will not come because we have a lot of crypto enthusiasts who have trust in Bitcoin. Many crypto pundits many time speaks negatively about the crypto market still people are doing and buying it because they trust cryptos So I won't quit crypto in any condition.

So bitcoin to $1? I'd consider it dead too, but...
If people are buying shitcoins recently for undervalued just hoping their luck will hit at least $1, why not buy up btc that ever hit $60k for $1.

Bitcoin has given me thousands of dollars, it never hurts to spare let's say $100 to be returned to bitcoin as a last tribute, digital collectible or keepsake.

If the chain is still working I'll buy as much as I can at least I can say that I bought Bitcoin at $1 and who knows miracle happen and Bitcoin started to move up again, but if we are in a present condition I don\t know what will make Bitcoin to go down to $1, even if they lose the number one position, they will not go down to $1.

you say that BTC will go to $1 when I wake up?, and of course I will sleep again,
because it was just a dream!, remember, the price of Bitcoin will never go down to $1,
unless the internet goes extinct!, and this world ends, no one will could make bitcoin go to $1!

You have the right to say with a few illustrations which I think are still quite reasonable if in the future we wake up watching the price of Bitcoin $1. ah, I don't think for long that when it's a non-returning opportunity, everyone should hoard as much Bitcoin as he can to collect more and more. but isn't that bad?
Despite every possibility, there is always a reason that arises. so what made you make this illustration, can you name an example of the result of the Bitcoin price being $1?
when you say that for no simple reason.

I'm willing to risk a thousand dollars on BTC if the price goes down to 1$ because I'm sure the value will bounce back, we often see useless tokens raising due to little hypes and news online so yes its worth the risk but I can't think of anything that can drag BTC back to that price, it's 99% impossible.

I cannot really imagine Bitcoin dying, but you got my attention at its being priced at $1. No questions asked, I will buy as much as I can. I am a solid believer that Bitcoin, crypto in general, will continue to be here now. Especially when I saw that even during the beginning of the outbreak of Covid-19 pandemic didn't stop its reign.

You know what? I have dreamed about such an occurrence more than once!

If ever BTC touches below $100, I will sell every asset I have, and I mean, everything! and will buy BTC for that. That said, whenever and if ever this happens, I will also check the reason why a drop like that happened in the first place.

The most probable reason would be that a technical fault was found in BTC and in that case, even I will hesitate to buy more. Given the kind of robustness we have seen in the mechanism though, I don't think this would ever happen.

If it happened because a massive hack happened or someone crashed the market or anything like that, I will stay true to my words and buy as many BTC as I possibly can.

thats really hard to realize if bitcoin price goes down to $1 only. Don't we ever see when bitcoin drop to $300? there are alot whales start buying buying as much as they can and for them this is the cheapest price they can get.  And now this $3k could worth of around $30k  , today based on chain analisys alot of long term buyer accumulate alot their bitcoin. So dont worry with your thousand investment in bitcoin , atleast 1 year you will got huge gains.

People who are pessimistic about the future of Bitcoin do not do proper research and analysis of Bitcoin. How could the price of Bitcoin drop back
to the price of $1, that's a ridiculous prediction. Because I'm even optimistic that Bitcoin is hard to get back below the $20k price, seeing how
strong Bitcoin's support price is. Several times Bitcoin fell below $30k, but recovered very quickly. So collecting Bitcoins we have to do now,
if we really want to get a big income from Bitcoin.

Although crypto is highly volatile, but let's be realistic, can that really happen? I don't think so.
Bitcoin have come a very long way, it has grown, fallen picked up and grew again, I can't remember it looking dead, not to talk of now that massive adoption has taken place, institutions now buying it, countries adopting it, a lot of people now knowing about it and the list goes on; so to be frank, It can't happen.
Another reason why it can't happen is that, a lot of people have set their target to buy in huge quantities in order to have a higher fighting chance, and that's why, when it dumps and test a certain region, it pumps back again. And since a lot of people have fixed their eyes on it, it won't even dump much before they pack everything.
Lastly, everyone can't just wake up at same time and see Bitcoin at such price, remember we live in different time zones. So even if it happens, I will risk it, because it's worth it, even most of our altcoins, different buy orders have been set, let alone Bitcoin.

It's not dead if it has a value of $1. It even started with zero so that's still recognizable as a working cryptocurrency. Although this is very impossible to happen then if I know that there's on it for bitcoin, I'll think of 21 million supply and those lost bitcoins forever.

I'll buy since I've got some savings in my bank and I'll buy as much as I can. I'll have the same belief with bitcoin even if it goes down to $1. If you plan to exit @ $1 and you've bought it at high, you just wasted your money.

I will still buy whatever the situation is. it's a good opportunity, maybe it won't be back like it used to be, but still the price will keep going up. but all of that is just an impossible possibility. let alone to fall to 1$, btc back to the price of 1k alone is a very impossible thing.

Does this mean you wanna make us thinking with silly thoughts? although the market has crashed and experienced a long bearish but that does not mean BTC will suddenly fall to $1 and become meaningless. I know any possibility can happen because no one will be able to guess how BTC will go in the future but if you look at the current situation, BTC is already well known to many people and large companies have no doubts about blockchain technology and even becomes legal in a country as payment. The possibility that you mean will be getting smaller. Now a lot different. I know what you mean, just trying to fantasize but I have absolutely no thoughts.

Of course I will still look for different reasons why bitcoin suddenly goes down that massively to $1. But then if the trading volume almost dead, too then I will not further accumulate more. Even I saw bitcoin's new ATH this year, if the time comes it will go down to that level then there must be something wrong with it.

Anyway, it has limited supply thus falling down to that price is underestimate. As time goes by, it will make the opposite especially when another halving will happen again, supply will be lessen and price will goes up very well.

yes, i would probably buy that for $300. I'm pretty sure that there will be a bounce back from that. when the price is $ 1, then I think the minimum increase is hundreds of dollars, and considering I have 300 bitcoins, then that has been a big advantage for me. well, but that's very hard to happen, even, for now, it has a near 0 probability.

If this scenario happened, I believe there will be a major problem on Bitcoin such as total ban for it on most first world country or Satoshi finally awaken and liquidate all his Bitcoin assets. So buying this price level is very risky and the possibility for Bitcoin to recover is almost zero percent since there's a lot of alternative coin for Bitcoin by that time.

Let's say BTC actually drops to $1. Would be the worst thing in my life because I'm holding BTC. But if it happens maybe I will decide to buy more BTC I can. If btc can drop to 1$, he can also increase more than 1000x after that.I believe btc will never go away.

Many investors will be scared and exit the market as fast as possible, only those who are ready to lose will grab BTC at 1$ because the chances of recovery will look very low, I will go in with 100$ only that's 100 BTC and wait to see what happens.

If you can speculate with other tokens. or coins that are less popular than bitcoin, i'm sure you gonna be fine buying btc in bulk at that price. that kind of price is no brainer and everyone gonna throw money at it making that price can't actually be reached, the day btc down to $1 is the day when internet is no more which not gonna happen because internet itself is rather decentralized network where many computers connect to each other.

Are you serious about that? I am quite sure that you're only being sarcastic about that, because it won't ever reach at that point any day. And yes it is 99% impossible or even more than that actually.
The 1% is still not gonna happen regardless of how much FUDs get spread in social media these days.

Let's not forget that bitcoin is so volatile and it can always recover or dip in an instant. Even though chances are small than the bitcoins value will be as down to 1$ still anything is possible and if that time comes that the btc value is down to 1USD then I'd still invest on it and buy coins up to 500$ tops and I know many people will do exactly same. Some of them will eventually exits crypto world when the price will dip to $10k.

But I think the smartest move there is buy as many coins that you can afford than you can afford to lose when the market dips again. And invest it in assets when the market recovers.

Everyone has spending limits and mine is 2000$ per month but if this eventually happens I won't mind throwing all the 2000$ at BTC for 1$ each, but I'm just positive that such day will never come, it's too late to have that type of dream now, the best thing we can do is hunt for new coins with good use cases they can easily get us there.

Bro not even a 100$?  ;D 1$ price per BTC is ridiculous prediction mate it's never going to happen, look around you and ask yourself which coin still keeps its Decentralisation idea intact? The answer is BTC all day so I don't know what will kick BTC down to 1$, even if another coin takes the lead #1 on coinmarketcap BTC won't ever be a cheap coin again

I can not imagine how many people become crazy and can not believe what they see if BTC drops to $1. Maybe that will make the hospital full because many people who have crypto will be sick and have a heart attack to see their investment value drop drastically.

I will use that to buy as many BTC as possible and hold them back until the price rises again. But I do not think that people will use that time to buy bitcoin, especially if they are still afraid to invest in crypto.

If this would ever happened than i would first check why it happened if the source code was hacked (if that is possible) if someone took over the whole network (if that is possible) or if it was "just" a huuuuuge crash because all of the top 10 wallets just cashed out instantly and simultaneously or stuff like that. If the source code was hacked or the network was compromised then i would not buy any BTC even if they were at 1 dollar because that would basically mean that those BTC are completely usesless anyway. If it was just a immense crash for whatever reason then i would definitely buy a few hundred BTCs but i can imagine you have to be very fast then.

We know what Bitcoin would do when the price is down. Everyone will just bag up a lot of Bitcoins and then that makes the price goes up again, saying Bitcoin is "dead" when it reaches that point is kinda wrong compared to the fate of other coins when it reaches the bottom price. Even though it's nearly close to zero to even achieve that price considering how famous and commonly used Bitcoin is.

If you imagine the price of BTC dropped to $1, then I have to go back to 2009 when price of btc was still the price of pizza. but if this really happens, then I have to think about building a real business and buy some btc to fill my wallet who knows one day it will be expensive again price of btc

It's very illogical to digest because if the price of Bitcoin can drop to $ 1, then slowly he will experience death because everyone will panic to sell it so that a big dump will soon happen to him and the increase will be very difficult to happen again if the Bitcoin enthusiasts be reduced.

I'm glad you realize that it's far from possible. If this happens, that would mean I lost some money and that some of my friends lost a lot. I'd be okay, but I know people who wouldn't be. I like Bitcoin, and while I would be mad, I'd probably come back to it at some point, I wouldn't come back right away out of solidarity with those whose lives were pretty much ruined by this. I don't think this will ever happen, though, unless something absolutely devastating like nuclear global warfare happens, and then Bitcoin will be the least of our concerns anyway.

What a question dude lols. Veteran crypto traders can HODL more than 50% down. But infairness to me, I was so lucky to ride the first pump of ATOM, LINK and ADA few weeks ago. Thats why my portfolio is in green. But personally I base my buy point before the crypto will pump. You can learn it by learning trading and price action.

All I can say if it happened one morning then I would buy bitcoins with all the savings I had.
I will continue to believe bitcoin forever even when it has no value.

You chose the wrong sub-forum for your topic, but if it happens I'll buy 1000 BTC.

Even if it goes to zero, what have I lost? $1000? It's alright. :D

Yeah.

But people must stop overthinking and putting ourselves into a situation that we won't like. Let's just stay in the reality and think of a better situation that we may come in the future.

It can happen every time actually, even when we are pretty sure that it will continue to go up. Investors are making their investments considering every possible price change. Of course, it would make me really sad if I made a big amount of investment. And if the price is really down to $1, then I would assume that Bitcoin is close to ending and I wouldn't make any investment into it anymore unless I'm sure about it.

I would be really disappointed if it happened. It would seem like everything broke down and there was nothing that I could believe in anymore. Everything in the crypto market depends on people’s trust.

If people cease believing in something and get rid of it, it will dump and vice versa. So if Bitcoin dropped to 1$, it would mean that people got disappointed about it, so I certainly wouldn’t invest in it again.  :-\

His question is kinda wrong but also has some merit in it. When BTC did drops down to that price mark meaning it was able to break all the buy wall then you have to ask yourself: Why it was able to do that? A hack or a wrong fork that now there are billions, trillions of BTC circulate in the market? If that were a thing then will you say the same, buy all of BTC as you could with that price?

Nice reversal and there are more people that rushing to buy bitcoin because it's being used worldwide and can do payments already with most of the merchants.
This is a better situation when we wake up and there's a sudden massive adoption that has been declared in different parts of the world and not only that, there are already a lot of countries that have made it their legal tender.

If that were the case I would probably choose to scoop up some Bitcoin instead of exiting the cryptocurrency. No one knows how the market is going, maybe if the price drops that much it will rise again later. If the bad possibility doesn't go up and is destroyed, just enjoy the process because in every business there must be risk. There's no harm in trying first than having to end without trying it will be more disappointing.

It's unlikely to happen and only a disruption of the chain can cause that but the blockchain is already ten years old and has gone through a lot it's very stable but if even it goes down to $1 I'll buy with my spare money hopefully at least $300, we never know it could recover and get back on its old price and I will be a millionaire, it could happen to other coins but I doubt the father of Cryptocurrency will crash to $1.

The chance of this is near to impossible like 96% that the bitcoin would dip that much. However, if that's gonna happen then I would buy as many bitcoins like max of 300 coins for every dollar each and wait for the market to recover because I know that bitcoin is extremely volatile in any given time. I wouldn't miss that chance to ride a bull if it's going to happen someday, I'd take that as a positive way rather than selling all of my coins just because or the dip.

Never going to happen, we were able to see BTC at 3500$ last year because of CoViD, if Covid never happened there is no way BTC can go way down to 3500$ and you are talking about 1$? Even at 98% value lost BTC can't ever be 1$ per coin

No. Not because of covid.

I think it will be a different story if covid didn't exist but one thing for sure is that we don't know what shall happen by that time and yes, $1 is just very unlikely.

As I know, there are no computers now that can destroy bitcoin's blockchain, but actually, we don't know what will be in the future, and if people invent such a powerful computer one day, it can cause the crash of this chain and maybe Bitcoin will just disappear as a technology. But of course,  I don't admit such a thought and I will continue investing in Bitcoin for a long term.

I think that happened in the foreign market, the Japanese market, if I am not mistaken, a few years ago. At that time, the exchange made a mistake and made the price at a very low price, so some traders saw that moment and bought as many bitcoins as they could. I can not the source link because I do not save it at that time.

If that really happens, I am sure all of us will try to buy bitcoin instantly with some money, even we will cut loss some altcoin just to buy bitcoin at $1. But unfortunately, that is not happening right now unless the exchange gets a problem with the market.

I'm holding $FET for a while. They start the stake drop on Mobix. Fet's volume is rising and approach about highest price level in last 24 hours. If it's keep going like that i'll be rich soon.

well it depends mate on the situation, i mean of course make technical analysis and get the real potential of the growth rate. If you see there's a chance to rebound then buy. Actually for me on this current situation of bitcoin perhaps short positions is a good idea, because you know this time it seems making more correction so its quite skeptical.. I suggest be smart and invest more time so that you can get more information about the real direction of the growth rate and in order for you to decide as well which move is the best for this current situation of bitcoin.

Holding $FET is the best thing you can do for now. They have a huge volume and $FET keep's rising. They have a brilliant team and $FET developing project by using AI. So we are rich end of the year.

Yes, anything can happen, but for the future I think that with the development of increasingly sophisticated technology, cryptocurrencies will grow bigger because I think that Cyptocurrency will be a digital currency that is very beneficial for life in the future.

The system that crypto offers if being expedite deeper will really be helpful in the long run, it's about adoptions and we might see every venue from financial system will embraced this new technology, we just don't know if there's new upcoming competitions that will attract more interest from the current end users.

The securities still in the hands of the team behind, if there's any potential threats, they are the frontline that will go to avoid any crash. Bitcoin or crypto is already big market.

It will be a huge issue if things like this will take place. Hopefully, it won't. ::)

What I will do possibly:
1. Shocked
2. Laugh loudly, super loudly
3. Check my balance (because I am sure that if BTC is only $1, altcoins will be ZERO or minus   :D
4. Check my money in banks and go to buy more Bitcoin if it is still possible to deposit fiat to exchanges, because of BTC is $1, I don't think that exchanges will be still opened  ;D

I believe blockchain is a great technology and it will surely be a success. If the price of Bitcoin fell to $1, it would not be a coincidence and the first thing I would do was a very good research why it happened.
Such a large drop would certainly be a disaster for the entire cryptocurrency market, but if the reason for such a drop were not very serious, I think I would still invest in cryptocurrencies.

Looking back to this post...and if OP had the courage to invest in Bitcoin, he might be able to double his money at the current price. But too sad that he won't and he keeps his negative mindset.

What we have experienced today, proves that many people got it wrong talking negatively towards Bitcoin. This could we think that not all have a positive mindset, if they just open their minds and are willing to change it, they were able to enjoy as well. But somehow, we can't force them either. It should be their well to change.