What you will do if bitcoin price drops to 50$ and you have lots of bitcoin

[asad777]

and do you think that will happen in 2015 ?

[TinEye]

it won't happen anymore i think, price is already recovering nicely, you can start to worry for $50 if we fall at 100, but we are not even close to that, but i know that i would start to sell long before $50 is reached, maybe around 100, but it also depend on how much bitcoin i have, maybe you should specify this point

[RustyNomad]

I'm trying to get my total bitcoins up to around 10/15% of my total investments, still a way to go.

That means that I'm not 'overly' invested in bitcoin so if it does go that low I'll try and buy in as much as I can which will bring my average entry price down quite a bit. If it turns from there and goes back up I'll end up making a far larger profit should I ever sell due to the lower entry price.

So yes, I'll keep on buying but with that said.... It will depend on what lead to the price dipping so low, that will determine whether I go in and or whether I stay on the sidelines a little longer.

[lexuz]

I dont want see that price but if bitcoin drop to $50 i will go and not buy bitcoin because i think when bitcoin drop to $50 just need wait a time for bitcoin die

[lyth0s]

Buy more obviously. Gotta catch 'em all

[HarHarHar9965]

it won't happen anymore i think, price is already recovering nicely, you can start to worry for $50 if we fall at 100, but we are not even close to that, but i know that i would start to sell long before $50 is reached, maybe around 100, but it also depend on how much bitcoin i have, maybe you should specify this point

I think it is a wise decision for us to publicly speak and spread knowledge about bitcoin, because the more people understand, gain knowledge and invest in bitcoin not only for personal financial gains, but more a better financial system and alternative of fiat, not only the price of bitcoin might change, but the possibility of an economic revolution can also take place.

[aakashsangwan]

According to my opinion, it also depends upon the scenario at that time.
If Bitcoin will be about to die then I'll sell all my bitcoins.

[Kprawn]

I do not look at the price anymore to make crucial decisions like this, because it's too volatile. You have to start worrying when the merchant

support declines or does not grow. You need a merchant network to support the use of a currency, if that decline you are in trouble, because the

demand for that currency would decline too. The other thing to look out for is the supporting network of the currency. {Developers and miners} If

they decline, you will be in trouble too. We need people to oil the system and we need people to constantly adapt to changes in the environment.

Luckily we have a strong team of both... Lots of hashing power enable stronger security and a good team of engineers make sure it adapt to the

fast changing environment in IT.    

[avatar_kiyoshi]

If this happens, still can chance to make it alive again, i will trust it and keep my coins on my wallet. it will not happens since there are still a lot demands for bitcoin and every 4 years the supply is become less. demand > supply = price up.

[gentlemand]

Totally depends on the nature of the drop. If it's a flash crash then that's an opportunity to load up, not that most will be able to catch it. If it's a slow drain over weeks or months with little resistance then that's a price that's going to shut down a lot of people and might start a death spiral. Those who say the price does not matter aren't living in the real world.

[randy8777]

the only and best thing i could do is holding my coins. i won't sell them at anything near that price as they are too precious. and no, i don't think we'll see the price go under $100.

[Yerm]

if the price drops to $50 ill buy atleast a 100 coins. then ill make bank within a month.

[examplens]

me too
I'd rather buy some coins for 50$, than sell for this price.
i realy think that 50$ scenario will not happen

[MinerHQ]

if the price drops to $50 ill buy atleast a 100 coins. then ill make bank within a month.

But I will sell my coins before reaching that level and wait for some time before buying again. There is no meaning just sitting and watching price movements.

[Amph]

i prefer to buy at 10 as a desperate price, at 50 i would buy 1/5 of the amount i would buy at 10, at 100 1/10 and so on

but i'm sure at 50 the network will begin to fall heavily, too many miners will begin to abandons

[Possum577]

"You" will sell your bitcoins at a loss to me, and I will win...

But I will sell my coins before reaching that level and wait for some time before buying again. There is no meaning just sitting and watching price movements.

To the OP, will you track this comment here ^^^, the "i'll sell before it gets too low" statement is often spoken an rarely acted upon. It's very difficult, there's always an emotion tied to that paper loss that you don't to make reality, besides if you're long on Bitcoin, why not just continue to buy into it? You keep lowering your average cost but don't risk missing the upside.

[Hazir]

I Bitcoin price ever go lower than $100 again in the future that will mean bitcoin failed somewhere. The amount of money pumped in bitcoin startups, infrastructures, hardware, mining farms are so high at this point that price simply can't go lower without creating mass panic. Not to mention if bitcoin volatility will be that high then it will lose all credibility.

[aakashsangwan]

I Bitcoin price ever go lower than $100 again in the future that will mean bitcoin failed somewhere. The amount of money pumped in bitcoin startups, infrastructures, hardware, mining farms are so high at this point that price simply can't go lower without creating mass panic. Not to mention if bitcoin volatility will be that high then it will lose all credibility.

As is happening right now because of bitcoin XT.
Miners are forced to sell their bitcoins at such low prices because they also have to pay their huge power bills.

[neochiny]

and do you think that will happen in 2015 ?

it will not happen in 2015... and if i have many many bitcoins and it drops to $50 i just need to hold it tight and buy some more because im sure that it will really go up especially when it goes to its last mining stage.

[trollercoaster]

I wont have to worry about that because I do not own any bitcoin, I do think the fork in 2016 will kill bitcoin  (destroy faith in the belief that it's decentralized) and I would not like to be holding it when that happens..