Bitcoin Forum

If Bitcoin fell to $100 & you only had 2 options, would you only hold what you've got & think to yourself this could be the end of BTC or would you buy more thinking this a great buying opportunity?

the reason I'm not including the sell option is that I'm thinking about what I personally would do & sell definitely would not be an option :)

This belongs in Fantasy.

so is BTC falling to $100 a fantasy which couldn't happen?

I remember (recently) when it hit 100+ on btc-e.  It shot back straight away (many buy orders)
I guess it wouldnt last long.

If it gets to that level, I'd consider this as a huge opportunity, since I know cryptocurrencies have much, much more value than that.
I would not think twice on taking a loan if it gets there, however I highly doubt it will.

I got into bitcoin when it was under $50. If it fell to $100 I would do what I am doing right now anyway. Buy as much each week as I am comfortable investing long term and hodl.   ;D

Bitcoinsrus, when did that happen?

Buy all of them.

http://www.reddit.com/r/Bitcoin/comments/1xifac/bitcoin_fell_to_100_usd_on_btce/
(more than 2 months ago) feb 9th 2014 btc-e fell to 102
bitcoinwisdom.com select btc-e tab
select 1d for time interval and see that 102 red candle down in the middle
it was there (but not for long)

Whoever had buy orders at 102 on feb 9 2014 did very well

wow, they sure did! I had no idea anyone could have bought at that level at any time this year. Maybe I should look into exchanges after all :) Presumably some could have got them at $200 etc since then?

Well, look at the bitcoinwisdom chart I showed you, it looks out of place (that red candle all the way down) because someone literally dumped a lot there.  It would be like (what I believe as) impossible for someone to do that again (in my opinion) at this time.

But btc-e has cheapest prices, so anything is possible.

Buy more and HOLD


TONIGHT WE WILL HODL IN HELL!


https://i.imgur.com/aB1Pl.jpg

The reddit link you posted seems to say that it was a mistake so it probably won't happen again  :(

I'll wait to dead cat bounce and short more bitcoins on the top :D

I saved that as a picture. Was pretty funny. However, the price did not actually drop to 100. There was merely not enough buy orders ready to soak the coins on the way down. That is not the same thing.

The only rational reason for a drop to $100 would be if there was an unrecoverable protocol flaw or the US declared war on bitcoin; so I'd get out at that point.

Based on our current trend alone (no X factors) there is no way it would reach $100. My analysis shows we will likely fall a bit more, perhaps to the $360-$380 range, but that will be bottom.

I would buy my Coinbase limit.

Moar! :]

load the boat....back the truck up....and get me as many as possible.

i would hold because i truly believe in bitcoin and also i know what price i ave to sell at to break even and i wouldnt sell below tat ever. and more importantly i belive in bitcoin!

When it reaches $100, the obvious option is too buy more. It all depends on what did you do when you see prices drop from $200 or $300, and it becomes apparent that $100 is a possibility  ;)

I would put 2 months on my fiat income and buy as many Bitcoins.

If BTC rises to moon, I would consider it the best investment of my life.
If BTC goes down to zero, I will move on with my life, since it was only 2 months of my income.

It fell to $100 on both Bitfinex and BTC-e. This was shortly before the bad press about the double spending bug which has affected Gox and probably many other exchanges. Also interesting to note is that whilst many traders were squeezed out of their positions, many short traders and other traders looking to enter market long did not get their orders filled as the price plummeted from I think around $600 range down to $100, and then right back up within 15 minutes.

More to that flash crash than meets the eye so don't go thinking that those $100 coins were just anybody's for the taking, cos plenty of anybodys did try to take them, but found out that they couldn't.

I would probably do the same thing.  Upside is huge while downside the hurts but you move on.

I dont think $100 could last long, so you need money at exchange already, so nothing for me.

The first thing i do is looking for info why BTC is dropping to $100 before i buy ore not to buy.

https://i.imgur.com/2N8HJtz.png
for next few years  :p it can't end like this now..! the infrastructure around btc is developed too much to keep it alive ..!

Would buy 10 BTC

I can answer definitively, because I remember when it fell to $100. I held.

Take a loan and buy moar... It would last only seconds at $100 if it would ever go that deep...

I'd buy 2 btc. 

.5 BTC at $300

1 At $200

2 at $100

4 at $50

100 at $10.


Here is to hoping I never see those buy targets.

If it ever goes down to $10, it will probably mean that bitcoin is dead and will continue its way down to zero, so better sell.

In my point of view, the only possible way for this to happen is that a far better coin will have been invented.  But no bitcoin killer on the horizon yet.

if bitcoin goes below 100, most probably you should sell. if it goes to 300 though, buy as many as you can.