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Question: Bitcoin drops to $4/BTC....... what would you do?
BTC failed. I sell all my BTC and never come back - 2 (2%)
I buy all the BTC I can. - 84 (83.2%)
I do nothing. I just hold my BTC and wait. - 15 (14.9%)
Total Voters: 101

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Author Topic: Bitcoin drops to $4/BTC....... what would you do?  (Read 1943 times)
Bitconian
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January 18, 2013, 06:38:39 PM
 #1

Last night I dreamed that the bitcoin drops to $4/BTC (now it's $15 yay Smiley)

and I saw (in my dreams) many reactions, some sold all their btc because they thought that btc was a failure, some others bought more, some others just held.

What would you do if tomorrow the btc is at $4? Smiley


You can make me smile Smiley
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January 18, 2013, 06:43:14 PM
 #2

You mean absent an obvious reason (like mayor government declares war on bitcoin, a successfull attack or something like that)?

Hell, I would bend over to kiss my lucky ass  and buy the hell out of it...  
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Sold.


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January 18, 2013, 06:44:59 PM
 #3

I think bitcoin, while still arguably in its infancy, is big enough that it would be able to withstand a massive sell off. I would buy a risk-adjusted amount relative to my risk capital reserves. (i.e. as much as I could possibly afford while still being able to sleep at night)
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January 18, 2013, 06:46:08 PM
 #4

I'd add to my holdings, in a second.

The future isn't the dollar valuation of bitcoin - it is merely possessing bitcoin that will be key.

fortitudinem multis - catenum regit omnia
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January 18, 2013, 06:46:15 PM
 #5

(i.e. as much as I could possibly afford while still being able to sleep at night)

This
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January 18, 2013, 06:52:27 PM
 #6

I'd add to my holdings, in a second.

The future isn't the dollar valuation of bitcoin - it is merely possessing bitcoin that will be key.
I agree. I don't see why price should indicate whether or not bitcoin has succeeded.

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January 18, 2013, 06:55:43 PM
 #7

I'd add to my holdings, in a second.

The future isn't the dollar valuation of bitcoin - it is merely possessing bitcoin that will be key.
I agree. I don't see why price should indicate whether or not bitcoin has succeeded.
Because Bitcoin is only successful if lots of people value it, and lots of people valuing it will be reflected in the price.
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January 18, 2013, 07:02:37 PM
 #8

The same thing we did when it was at 2$  Wink
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January 18, 2013, 07:03:18 PM
 #9

Celebrate  Grin

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January 18, 2013, 07:11:42 PM
 #10

sell house

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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January 19, 2013, 03:20:31 AM
 #11

I would BUY!

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January 19, 2013, 03:21:51 AM
 #12

Sell kidney for bitcoin.
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January 19, 2013, 03:47:34 AM
 #13

I buy all the BTC I can.


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January 19, 2013, 03:48:47 AM
 #14

I buy all the BTC I can.
same Tongue

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January 19, 2013, 03:50:59 AM
 #15

Liquid gold!  Tongue


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January 19, 2013, 03:53:31 AM
 #16

I would buy, but be very depressed to learn that my BTC I bought worth 13$ per have devalued so much.

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January 19, 2013, 04:01:35 AM
 #17

I wouldn't buy all I could, but I'd buy a decent amount while I could.
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January 19, 2013, 04:03:32 AM
 #18

I would wait till it drops to USD parity or lower.

If it were to drop this fast, further devaluation would be almost certain.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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January 19, 2013, 04:15:33 AM
 #19

I would wait till it drops to USD parity or lower.

If it were to drop this fast, further devaluation would be almost certain.

It's like pretty simple for me fiat or bitcoin yeah I think you know the rest....


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