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Author Topic: If bitcoin dropped to $1, what you do?  (Read 97241 times)
Monnt
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April 16, 2016, 12:09:21 AM
 #1

Exactly what the title says.

If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?

I personally would buy more bitcoin.

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April 16, 2016, 12:14:58 AM
 #2

There must be a reason why bitcoin price is dropping from $400 to $1. If the reason is something really bad, then it will not even worth $1 per coins (such as the encrytion has been broken or the network is not functioning anymore...)

If it is not something that bad, and price will still able to rebound, then people will grap as much as they can before it even drop to $1.

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April 16, 2016, 12:16:05 AM
 #3

I for one will never drop my bitcoin even if it went back to 50 cents when I first heard about it. I thought to myself, it was $1 for 2 of these things? I went to get a can of soda instead  Roll Eyes
Never again I said. Won't let an opportunity like that pass me by again! I will buy up as much as I can in the least amount of time possible. That is for sure.  Wink

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April 16, 2016, 12:28:56 AM
 #4

Quit. I don't think there's gonna be much coming back from that type of level. Maybe there'd be a few death rattles. I ain't hanging around to see them.

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April 16, 2016, 12:43:24 AM
 #5

i will buy more

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April 16, 2016, 12:48:18 AM
 #6

If bitcoins drop that much for a bad reason anything that is bad then that is the end of bitcoin because its hard to come back the price like $400 again with that dropped. Then I guess I'll stop using bitcoins, but before it drops in $1 dollar I'll withdraw and buy anything I want.

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April 16, 2016, 12:53:51 AM
 #7

Buying as much as i can and leave it alone with hoping that the price will rise a lot just like few years ago,and probably will take a loan for buying this thing

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April 16, 2016, 01:08:16 AM
 #8

Hold hold and hold.
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April 16, 2016, 01:11:17 AM
 #9

I'll sell all the stuff that I got and I don't need right now and buy all the BTCs that I can.

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April 16, 2016, 01:12:03 AM
 #10

Keep them as relics and buy more if they are still being traded.

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April 16, 2016, 01:16:22 AM
 #11

If its drop into 1$, i think i would buy a lot of bitcoin and then wait for the price to rise and to support the bitcoin price i will buy alt coin

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April 16, 2016, 01:23:16 AM
 #12

i will buy more

If bitcoin worth dropped to 1$ then I will leave it and will never trust it, the reason I have already bought 20 bitcoin so that it happen I would be big loose, but I don't think this thing now Its never can happen and its value will be again increase.  

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April 16, 2016, 01:25:02 AM
 #13

Much more information is required. Everything depends. But normally when the price goes down it's recommended to buy more. Most probably that's what I'd do.

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April 16, 2016, 01:34:31 AM
 #14

As EcuaMobi said, there isn't really enough information as to why it would have dropped to such a low value. For all we know it was one person who sold really low.

If it did go to $1 permanently, however, chances are I would back out of Bitcoin and likely forget about it. The userbase would likely die quite quickly.


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April 16, 2016, 01:41:56 AM
 #15

it will probably never happen. bitcoin will now increasingly be better. reduced supply and rising bitcoin bitcoin will become a very common thing.

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rinhunter
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April 16, 2016, 01:54:31 AM
 #16

buy more, until the price exceeds $100 and then sell most. but I think if bitcoin worth that much means that there is another coin that beat bitcoin.
Hirose UK
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April 16, 2016, 01:57:32 AM
 #17

Exactly what the title says.

If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?

I personally would buy more bitcoin.
that's unbelievable price! if it would happen I might buy more bitcoin and hold it until the price increases again. but I'm not really sure it will happen in the next 5 years.

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April 16, 2016, 01:58:19 AM
 #18

Exactly what the title says.

If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?

I personally would buy more bitcoin.


@Newbies

Bitcoin has already crashed that hard and did fine.

Research MtGox Crash (June 2011) and the subsequent drop to sub $2.00 in Dec 2011.

Those were fun times.


~BCX~
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April 16, 2016, 02:02:10 AM
 #19

normally we try to buy more when bitcoin price goes down. because there is high chance of bitcoin price go high. so buying is obvious. but if bitcoin price goes down as 1$ and no chance for getting up, then I'll quit bitcoin.

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April 16, 2016, 02:05:36 AM
 #20

Exactly what the title says.

If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?

I personally would buy more bitcoin.

Move to eth or dash...monero, lisk.. you can choose. I don't think that will happen ever. Bitcoin is growing and that is a fact, people can talk what ever they wish, imagined things will always be around don't believe in everything you hear.

And lets say that we see bitcoin drop so low, do you think it will be slow fall or one fast one (bitcoin is now very high)? If bitcoin fall like that I doubt it can survive that kind of fall. Nothing can.



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