Bitcoin drops to $4/BTC....... what would you do?

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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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Topic: Bitcoin drops to $4/BTC....... what would you do? (Read 2076 times)

Bitconian (OP)

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Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 06:38:39 PM

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

)

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?

You can make me smile

1GEUEBTm6XfRuqAswrR6LbofnMq6VN5A5P

Spaceman_Spiff

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 06:43:14 PM

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...

MJGrae

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Sold.

Re: Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 06:44:59 PM

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)

TraderTimm

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 06:46:08 PM

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

Spaceman_Spiff

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 06:46:15 PM

Quote from: MJGrae on January 18, 2013, 06:44:59 PM

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

This

Ryland R. Taylor-Almanza

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 06:52:27 PM

Quote from: TraderTimm on January 18, 2013, 06:46:08 PM

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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SgtSpike

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 06:55:43 PM

Quote from: Ryland R. Taylor-Almanza on January 18, 2013, 06:52:27 PM

Quote from: TraderTimm on January 18, 2013, 06:46:08 PM

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.

Gabi

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 07:02:37 PM

The same thing we did when it was at 2$ Wink

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Skirmant

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Such is life in crypto paradise

Re: Bitcoin drops to $4/BTC....... what would you do?

January 18, 2013, 07:03:18 PM

Celebrate

jojo69

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diamond-handed zealot

Re: Bitcoin drops to $4/BTC....... what would you do?

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.

mjc

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Available on Kindle

Re: Bitcoin drops to $4/BTC....... what would you do?

January 19, 2013, 03:20:31 AM

#11

I would BUY!

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01BTC10

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 19, 2013, 03:21:51 AM

#12

Sell kidney for bitcoin.

bbit

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 19, 2013, 03:47:34 AM

#13

I buy all the BTC I can.

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K1773R

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 19, 2013, 03:48:47 AM

#14

Quote from: bbit on January 19, 2013, 03:47:34 AM

I buy all the BTC I can.

same

[GPG Public Key]
BTC/DVC/TRC/FRC: 1K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM AK1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: NK1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: LKi773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: EK1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: bK1773R1APJz4yTgRkmdKQhjhiMyQpJgfN

bbit

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Re: Bitcoin drops to $4/BTC....... what would you do?

January 19, 2013, 03:50:59 AM

#15

Quote from: K1773R on January 19, 2013, 03:48:47 AM

Quote from: bbit on January 19, 2013, 03:47:34 AM

I buy all the BTC I can.

same

Liquid gold! Tongue