What will happen if Bitcoin reach 1 USD exchange rate?

[ObscureBean]

Highly unlikely scenario. At this stage in the game, market mechanics alone almost guarantees that. Then you have the businesses that revolve around Bitcoin, these will, to some extent, behave in a similar fashion to plant roots during a flood (mitigating soil erosion). There are of course a few scenarios that could see Bitcoin drop to $1. The most likely would be one where the top holder/holders dump a few million BTC thereby triggering a domino effect. However even this would only be a factor if it happens while Bitcoin is still 'weak' and the market is not ready/able to absorb the initial dump by the top holder/s.
Anyways, I'll be sure to invest a few hundreds of Dollars in Bitcoin (instead of getting a new phone) if something like that ever happens  

[Amph]

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.

You're basically saying, what if Bitcoin loses 99%+ of its value.  That's not going to happen
unless some unforeseen extreme scenario renders it almost worthless.  If that occurs,
few people are going to be looking to buy it cheap.

which can be translated in the death of bitcoin, miners can't secure the network anymore with that value and the network itself will die pretty fast

@OP and besides this the demand itself will ensure that such scenario will never happen, many will start to buy in bulk, a enourmous amount of coins long before $1

[Mickeyb]

Well Andreas Antonopoulos claims that Bitcoin dynamics would take care of everything and that Bitcoin would continue to work flawlessly even if 1 BTC is to become again $5. So if you believe this man,  and I do then we have nothing to worry about.

Even though I think this is highly unlikely, considering the amount of money invested into Bitcoin ecosystem.

[bryant.coleman]

Does anyone know what was the price paid by the Winkelvii, when they purchased 100k coins in 2013? If I am not wrong, they invested tens of millions of USD. And right now, there are dozens of investors like the Winkelvii, who are interested in BTC. They will lap up the coins, if they fall below a certain threshold (say $100). So there is absolutely zero chance of BTC going back to the $1 mark (unless some serious bug is discovered in the source code).

[Soros Shorts]

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

I finally set up my payroll so that a portion of my salary (fixed amount of USD) goes to Bitwage to buy BTC. What this means is that I would get lot of coins on the 15th and on the last day of every month.

[RustyNomad]

For the exchange rate between bitcoin and the dollar to reach $1 or parity to the dollar is a non event. In order for this to happen bitcoin will have to drop in value and the dollar needs to increase in value.

The chances of the dollar increasing in value is so to say a non event. It might go up a bit but it will need to at least double or triple in value and that is not going to happen. Over the past century the dollar has lost more than 90% of its purchasing power, the chances of it even doubling in value is a round zero. With a possible QE4 around the corner it will just plumment some more.

If the dollar does not increase in value it will mean that bitcoin would have to come down to the dollars level in order to reach parity. A drop like this will only happen if the trust people have in bitcoin is broken in someway or another. As long as that trust remains, bitcoin will remain and go from strength to strength.

[btcxyzzz]

it will be dead then. everything under 150$ is dangerously low. if btc goes to 1$ then eth is already the winner.

[gurbar_nakub]

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.

Unfortunately, that's not going to happen...if that occurs, I buy 5000 BTC right away!

[Denker]

I would buy a ton of it

That would be dumb if you don't know what triggered the downfall and if it is irreversible or not.

[dreey]

That will never hapen ...

[Slark]

Op's scenario is totally impossible. For various reasons:
1. Amount of money invested in bitcoin: technology, startups, projects are huge. It won't collapse.
2. Only something like critical error or hidden flaw,backdoor of bitcoin will be exploited. As far as I know bitcoin code is pure.

[LiteCoinGuy]

I would buy a ton of it

That would be dumb if you don't know what triggered the downfall and if it is irreversible or not.

Exactly. Bitcoin at 1 USD would mean a massive bug and "the end" of bitcoin for a long time.

[worldinacoin]

I would buy 10 000 and keep it for a long time

[Daniel91]

I believe that most people here see bitcoin as investment and buying or earning BTC with hope to make some good profit later.
If Bitcoin reach 1 USD exchange rate I'm sure that 99% will give up bitcoin and start to search for the next ''great thing'' and forget about BTC.
Bitcoin is still not mainstream, we can buy some digital products or services with BTC but as currency, bitcoin is still not globally accepted.
So, it's obvious what will be the future of bitcoin if its value experienced a large drop.

[erikalui]

People will start bitcoins at the throwaway rate in the hope that it may increase soon. I don't feel that more people would be interested in bitcoins looking at the rate but the bitcoiners will be still saving their bitcoins to not incur a huge loss and most importantly all the exchange websites would shut down.

[amiryaqot]

Well so many optimistic people thinking like that but reality is totally different that will never going to happen again and history will never repeat at this stage when bitcoin is ready for going to at mainstream and becoming the most demanding and secure next currency so thinking about this is like dreaming with open eyes.     

[eternalgloom]

Yeah, I don't see it going back to $1.00, this might be a bit taboo to say but there are already enough people who completely rely on Bitcoin to make certain purchases (thinking darknetmarkets :p).
Unless they switch to another cryptocurrency, there will always be a demand for bitcoin, this practically impossible for the price to drop to $1.00.

[a7mos]

If bitcoin reaches 1 dollar
I think no one will be interested in buying it for investment sake .

[NorrisK]

There would be too many people buying them cheaply for the price to get that low.

To all saying they would buy a 1000 at 1 USD, lets see that again after a 5 year price decline, you wouldn't dare to touch it

[Lauda]

People really need to chill with the worst case scenarios. There are a lot of things that could happen that would make Bitcoin or any money in fact, irrelevant and worth nothing. Bitcoin works and will work, be it at $1000 or $1.

You can cut loses right now, I will buy all of your coins right now at 1 BTC = $2. Buying up to 10M coins.