Bitcoin Forum

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

Nothing big happens as we the user of bitcoin is low compared to the traditional currency users around the world. One of the major impact is that it takes more time to retain the loss as well the user community who are the key factors for such a potential growth. Even in such situation we can see new investors coming into bitcoin to profit on buying at a decreased price.

It will definitely paint a bad light on bitcoin as it is portrayed as volatile and unsafe. There is no doubt about that.

Actually businesses that already accept bitcoin shouldn't be worried if there was to be a drop in the value of bitcoin as they use instantaneous transaction companies like Bitpay to secure their bitcoin value in terms of fiat.

It'll discourage new companies to start implementing bitcoin though, that is for sure.

If bitcoin will drop to 300$ then I will be buying bitcoins that I can afford to buy. It is a rare case that bitcoin will drop that low. Surely many catchers are on standby and excited to buy the dump bitcoins. But that kind of idea is far fetched since no one in their right mind would dump their bitcoins and sell at a lower price. The potential possibility is that they will wait until bitcoin will hit 2k$ and will dump it and bitcoin will return to 1k$ again. It is more probable but it is still very unlikely to happen.

It won't drop to 300 in a day, there's simply too much money on the market. You'd need a coordinated whale-dump to do it. Coordinated meaning they'd have to group up on a number of biggest exchanges and drop the hammer of 10k BTC on each of them. Note that a sale of 1000BTC merely moves the price by less than $100 on a single exchange like bitstamp, so this should give you a clue to how much we'd need to come back to $300 in a day.
I think people would start thinking what's going on and decide to wait it out and see what happens. The whales would dump everything and the price would move up.

This is the oldest question in the book, asked many times over and over again. There is nothing that will guarantee you stable BTC price.
But realistically it is near impossible to crash bitcoin to $300 level.

Bitcoin development was never dependent on bitcoin's price. I don't expect any difference.

As far as I know there is no business/service/shop which is accepting bitcoin directly, pretty much everyone is using payment gateways like BitPay.
That means coins are converted to fiat in real time. No business would bankrupt because of low BTC price.

If bitcoin will drop to that price then it will be a crisis for sure because there is a lot of people who will do panic selling and unloads their bags and leave bitcoin. But i think if ever that bitcoin would reach $300, the only thing that i'm sure is. I will buy a lot of bitcoin and just have faith in bitcoin that it will bounce back again.

Price drop up to 500$ is nearly impossible at this time.Bitcoins price pumper will never ever let it drop to $300 mark now until they didnt reach the goal of $2000 by this year or month.Drops from about $900-$1000 is just the most dump price of it now.it will never ever go back to $300 by this time

That will be impossible in the future, Bitcoin never goes below $800 again. The BIG fud caused by the bitcoin shills were making a lot of the market feel panic.
But in this time the FUD is already finished. The market has known stronger than before.
We may never see another big dump again in the future. Big Pump with bitcoin problem resolved.

your logic is flawed on so many different levels and you want us to explain a hypothetical situation with a big flawed logic.
it is like asking "what if sun didn't come out tomorrow?"! how can someone explains that what if!!

this is exactly the same. as long as all those businesses exist, as long as all those people are invested in bitcoin, and all those people who are using bitcoin, and a lot all others too, they all create demand and price is moving (for the most part) based on demand.

if these people stop using bitcoin then price goes down. (not overnight) but it would go down. and if these people don't stop using bitcoin and more people start using bitcoin, price not only won't go down but also it will start going up.

In the bitcoin business there are lots of the businessman with positive and negetive thinking , so here it is not a big thing in the bitcoin that the price drop to $300/BTC , if you can see the history then you will find that it is already happened  that you are thinking and no all the market got affected , the market was still going on smoothly grow with the bitcoin .
Here you just think that if the price drop then the people of the positive thinking will buy more and more bitcoin , Because they know that price will.again go up .

Of course we need to know what is the reason of the price dropping, if it is because of whale selling coin then it still got the chance to bounce back, so it is the time for buying and investing and it will affect the business for temporary, but if it is because something wrong with bitcoin like the spiking transaction fee or unsafe security then it's time to sell and look for another coin and it can cause bitcoin to deceased and losing it's value

Lol , nothing will happen  flutuation to the down in the price of the bitcoin is a natural thing  , and if it happened in the future then no more effect you can see .
The simple results will be as follows :
people buy bitcoin at low price in bulk amount
people trade with bitcoin in bulk amount but Profit amount remain same
All Business like gambling site will remain same , they will accept the bet According​ to the market of games and will increase minimum bet amount .
And nothing will happen .

I will not pray for bitcoin price to drop low to level of it being sell at $300 because I have saving in bitcoin. I will be disappointed if that happens. To the likely event that may bring bitcoin price and values down is forks. If politicians are allowed to buying some of bitcoin insiders up to create a forks like what happened last month about bitcoin unlimited then expect the price and values of bitcoin to crash.

you must understand that bitcoin, can't simply drop that low without any reason, actually even in the event of a valid reason i'm sure it won't drop under a certain threshold

there are too many money invested, that it's simply not possible, i'll explain you why... the only people that can dump now and make bitcoin reducing its value to $300 are those that bought at lower than $300

but since we have this high value, it mean that there are more bitcoin bought at above $300 than those bought beneath than $300, this result in the impossibility to have the value lower than $300

As far as I know, the bitcoin price always recovers after how many weeks so don't be worried about that. I don't have any doubt about bitcoin, in price, in demand and supply. Don't make any payment when the price is low. Make a way to make your bitcoin double or to make your bitcoin high. Don't waste our time to do that. We have a free to do our own.

Thats ambiguous question. First of all investors, traders of bitcoins who believe in bitcoins profitability power will buy more bitcoins at that point and will hope to see amazing rise in future. However, those are unaware of this rise or who don't trust the light will spread again will do panic selling for sure. Businesses on other hands may simply keep it as they will take equal amount of charge which is applicable for product and service. So, it doesn't matter for them at all. :-)

If bitcoins price would drop to the bottom then there might be a big problem on the ecosystem of bitcoin which causes for it to crash and i think many people or users would already leave bitcoin and there might be a new coin would able to take place of bitcoin.It does depend upon the situation but if the price wouldnt crash back again lets say about 50% on the current price then i would really say that bitcoin price will always recover in a matter of period of time.

if the bitcoin price declines, some altcoin certainly be increased significantly, as ethereum, LTC and XRP. people prefer to move $ of bitcoin to some altcoin and cryptocurrency world continues to run well and make some of the world economic viability cryptocurrency, this is just my speculation.

It all depends on what is provided by bitcoin. If you want you can make it so that the price never fell below a certain level. If you earn money in bitcoins you will not lose money because if you buy it. But until the price of bitcoin isn't stable people will be afraid to invest your money. Personally, I if the price falls I will keep him until she recovers.

More bitcoins and better chances for me to engage further more with mining in large scales, nothing going to change for me in terms of bitcoin's value.

You shall take such wishes to the grave, you'll never see bitcoin's price below $700 ever again no matter what unless of course if a hard fork split attack happens we might experience prices around $400-$600 for year or two.

It would mean that loads of the HODLers would give up and drop out, leaving actual users to actually spend Bitcoin.  Maybe that would be a good thing.

I know, but this was more of a hipothetical situation, like for x reason or it doesn't matter at all for what reason, the price drops that much.



well a drop from 1200$ to <300$ is a drop in value? wouldn't  the mining difficulty remain the same?

I'm not asking will it drop, I'm asking that if for some X reason the price drops to <300$, what would you be doing and how would that affect the future of btc.

I think that if there would be a nuclear war then Bitcoin can go down that fast as most of us may not care anymore if we have Bitcoin or not. We can not use Bitcoin to buy foods and other amenities if war would broke out. However, if there would be no major global disruption, then I think Bitcoin would not decrease in terms of value that drastic.

But if that would happen then I am sure that there would be so many buyers globally for Bitcoin and that would push the value again upwards. There are many people who are dreaming that Bitcoin can go down that low so they can increase their hoard of the number one cryptocurrency.

In the event of a nuclear war, all currencies will depreciate and possibly even gold. The value will acquire things necessary for survival, so one should try to avoid nuclear war.

to me i do not think that the price of bitcoin is going to drop to such a low level, although the price of bitcoin can take a little correction but still it is not going to fell down to such a low price. as we can see that the users of bitcoin are increasing from time to time.

If bitcoin will drop $300 definitely traders would do the panic selling. As many are hoping bitcoin will increasing  and they will earn more profit. Because all we know there are many investors invest in bitcoin. For sure, altcoins will alive again and more will be happy on that. But for now lets stay on positive sides that price of bitcoin  will not fall down for that.

if the bitcoin price drop like that bitcoin will never disappear or whatsoever because there's a lot of bitcoin investors that invested a lot if that happens many of them loss a lot of money. same thing for the new investors. and if that happen expect bitcoin to reach $1000 after 3 years. I started bitcoin when it's around $600 i think something like that. and now bitcoin price are now over $1000

There is a HUGE floor WAY above $300. It's not going to happen anytime soon. If somehow it did happen I'd be glad because it gives me more time for my stockpile I'm working on.

Yes, it is not going to happen to reach $300 price because the whales will not allow that to happen and even the price got below $1,000 then they will immediately support it and get it back to $1,000 price or more. The price of bitcoin is now stable and it will not go down at $1,000 so if you are looking or waiting for that $300 then you are wasting time.

If bitcoin price drops to 300 dollars. All weak hands will sell tberefore alot of whales will be happy for it. Strong hands will remain and not be shaken.

What would happen? I'd wait a bit and then I'd buy plenty of it, LOL. It probably wouldn't just drop like that without some major reason but even if it's in danger of totally collapsing, how bad would it really be for me if it's already that low.

For one thing, if it suddenly decreased in value like that, there would be no more reason for me to take it out. I'd probably just consider it a souvenir and shrug my shoulders. And what's better than having coins that suddenly almost become very unattractive overnight? Having more of it. Hold your keepsakes, maybe even get more. You'll never know.

bitcoin had many crashes and always recovered.. it's not unusual that it will lose half of its value in one day

in 2013 Bitcoin went from 300 to about 60, that's like 70%

that didn't stop people from buying/developing further so it's unlikely (but sure possible) that something like that will happen in the future

Even bitcoin will crash we can't deny the fact that it always be the top crypto currency.
Many will still trust and believe in the power and what bitcoin can do. Even China that has a high trading value didn't defeat it. Bitcoin is too big and too established to kill.
It can't be defeated whatever the circumstances that it will face.

If the bitcoin drops in 300 dollar i think that is the right time for me to buy a bitcoin, and hold it, i believe that someday bitcoin will rise again and i hope that time is i already had many bitcoin in my wallet.

Then you should buy some. I think it could give you atleast small profit. Although that's impossible to happen. Im not erasing that thought to my mind. Anything can happen. There's a rumor that bitcoin will split again because big players of bitcoin are talking about it. If bitcoin owners migrate to split coin. Bitcoin will fall to that price or worst, it will be dead. Anyway, we've been through that. So i think even if fall down hard. I think there's still people support bitcoin and help bitcoin to rise.

It is very normal for bitcoin to sudden increase or decrease its value and if one day it goes to that very low amount I think for me it will only signal opportunities for investment and for sure I will acquire bitcoin and hold it for my long term investment. I believe after few more months bitcoin will have a good price again.

Lets assume it will gonna happen someday, there will be a sign/news before it happen, maybe bitcoin nodes get cracked/hacked or something big like most countries ban bitcoin. I will sell all of my bitcoin immediately, waiting bitcoin drop to $300, and buy back as much as I've sold before. I believe bitcoin will rise again, even though it takes years, so I will be waiting, end of case.

If bitcoins price goes down back to $300 then all other coins go down with it for sure. Remember all of these altcoins and tokens were created because of bitcoin. Some does not agree with what I have to say but it's the hard truth. If ever that will happen though, I think bitcoin will try to recover back for sure.  And I think this case has happened before when bitcoin was at its peak and suddenly dropped its price down but soon recovered back. Though it does take time but it will.

Bitcoin will not go down to 300$, because the Bitcoin market is too large and everyday more than 200 000 people use Bitcoin. Right now Bitcoin price is ~ 3860 USD - http://preev.com/. In medium - long term Bitcoin price will go up due to growing market and mining difficulty. The most real BTC price is 5000 USD.

Altcoins are not just being created because of bitcoin but somehow they do create another coin who would able to follow the path of it which means they do have different motives which we can say that they are not really dependent on each other but some altcoins do correlated its price on bitcoin itself on where when its price do dip it also dips but some coins havent any affect at all and talking if the price of bitcoin would go back on $300 then where those funds go? for sure it would be on another altcoin which would be the next candidate to take its spot because if we do talk on going back on that price we can say that interest on bitcoin itself have decreased already.

It is very difficult in our time to reduce the price of bitcoin to $ 300. If hypothetically to assume that I think it would provoke enormous panic and whales earn huge amount of money on it. I am sure that many people will not withstand such a test and sell their savings.

I agree even though bitcoin has declined in price but it seems to drop to the $ 300 price it seems unlikely because currently the bitcoin market is so huge and so popular in many countries.
And the fact is now bitcoin prices began to increase after yesterday had dropped drastically and is now beginning to increase so as to reach $ 3800- $ 4000.

That is a scenario to hold Bitcoin in a long term, maybe need to spend few years to wait the price of Bitcoin recover. Of course, in someday that scenario will happen, but I do not hope it happening now ;D

It will never drop to 300$ usd because it will go arise 30,000 USD we can say that instead saying 300USD. I would like to say we should invest our bitcoin and believe that bitcoin will come above 10,000USD in the ending of year.

It already costs a lot more money to "create" a Bitcoin.
Something really major has to happen in order for us to see 300.

Well you are right to buy the bitcoin it is very important to have max amount of money. It is just because the price of the bitcoin is now very high. Some people are still buying bitcoin and investing in bitcoin because the price of the bitcoin dropped a little so It is not the time to sell your bitcoin but it is good to hold your bitcoin for the long time and see the price of the bitcoin going more and more high.

If it happens, panic buying of course. People will not sleep or tomorrow it might rise up again. I will definitely spend in buying bitcoins my hard earned money if incase it will drop to $300 but i know it is not going to happen. I know it has gone ups and down but it has gone too far already to come back to that amount.

If it hapens, i will make a loan and buy bitcoins. I dont think it will make dramatic drop in price after all these years.

Its really hard to presume that price would comeback down again on those ranges because if it did then for sure there is already a problem with bitcoin and im sure there are possibly new coins which is more than on the value of bitcoin this is why on this point i would be somehow hesitate to buy it because the interest was gone on bitcoin.

Yes just hold your bitcoin and don't join on the flow of the market on which is you can be loss. The bitcoin market can be manipulate by a person or a group of people on which is they can enter easily at the price that they are wanted but the holders earn a good profit after all the manipulators enter at the market and hold their own coins.

I would say that it will be still able to recover BUT it will be surely hard. A market value of 300$ was its market price 5 or 6 years before. And I'd say that it will take Bitcoin more years to recover because they'll surely lose most of their investors. The light of Bitcoin will be dimmed because that will be a major downfall thinking of a price drop from 4000 to 300 and obviously it will negatively affect the future of Bitcoin.

It will affect the future of bitcoin when price drops to $300. There is panic buying of bulk for bitcoin as the price is over cheap. In this regard, there is really a reasons if this happen and for sure a lot of users will buy of bitcoin. But for now the current situation I dont think it will happen that price will down to $300.

If Bitcoin price drop to $ 300 for some reason tomorrow i think that buying one would be great idea. For sure in that case Bitcoin wont again come back to 4000 $ but 2000 $ seems like target in the range. The impact to the further development would be really negative. Some markets could close gates, some miners would stop mine. It would be temporary but every such situtation albeit slightly appeal to Bitcoin community and its perception.

Now in my opinion we should think what would cause such a situation and how to cure it?

Don't waste time on what if questions. There is enough information out there to gather a good idea of what will happen in the future in any given field, 5 or 10 years down the line. We don't need to ask silly questions about things which are almost certainly never going to happen. "What if Bitcoin fails tomorrow?" "What if Bitcoin is going down to $300?" all of these are pointless questions as there is a 99.999% chance they will not happen.

For sure if bitcoin price drop at 300 dollars for sure many people buy bitcoin and for sure bitcoin will recover again fastly because many people buy a lot of bitcoin . But we dont know what exact happen if the price continue to decrease or bitcoin will gone or bitcoin will increase again. But as of now the price of bitcoin is very high and it will not happen happen this year.