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Author Topic: If bitcoin dropped to $1, what you do?  (Read 98136 times)
faridkifly
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April 17, 2016, 03:41:48 PM
 #141

because I do not have bitcoin now. I will be happy
I would buy a lot of bitcoin, and wait until the price goes up. then sell it all and become rich  Cool Cool

Majority of us will do the same but I don't see it happening very soon, we need to wait very long to that happen, but bitcoin will never fall that low it will keep on rising in future.
yes it's such a prayer that never come true  Grin
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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April 17, 2016, 03:48:25 PM
 #142

because I do not have bitcoin now. I will be happy
I would buy a lot of bitcoin, and wait until the price goes up. then sell it all and become rich  Cool Cool

Majority of us will do the same but I don't see it happening very soon, we need to wait very long to that happen, but bitcoin will never fall that low it will keep on rising in future.
yes it's such a prayer that never come true  Grin

This prayer should never come true or else bitcoin will die for sure and many users will leave bitcoin and switch to some other currency in future, we want that price  should go higher in future.
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April 17, 2016, 03:59:19 PM
 #143

if bitcoin dropped to 1$ the thing that come out on my mind is , all the biggest investors of bitcoin will be doing suicide for thier big loss. 
sidrab14
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April 17, 2016, 04:35:07 PM
 #144

if bitcoin dropped to 1$ the thing that come out on my mind is , all the biggest investors of bitcoin will be doing suicide for thier big loss. 

Will buy it as much as I can. When bitcoin drop to $1, many people would buy it, so there's high demand for bitcoin, and that makes bitcoin price goes up again.
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April 17, 2016, 04:48:10 PM
 #145

if bitcoin droped to 1$ something i provably buy 400$ or more bitcoin and i will wait ultill the bitcoin will high like 1btc = 400 again i will reach for sure
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April 17, 2016, 04:53:40 PM
 #146

At $1, I would begin a mega fud campaign and set a buy order at $0.25 for 400,000 bitcoins. Hey, if it can drop to a dollar, it could just as well drop further to 10 cents.

Seriously though, there would have to have been something utterly catastrophic affecting bitcoin, as in a better all around version of it in some form. Even still, at $1, I'd be hard-pressed not to buy a few thousand or so just in case.
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April 17, 2016, 06:33:33 PM
 #147

Price is irrelevant, but the reason causing that drop should be carefully analyzed, if it is a chinese government taking over of chinese mining farms Cheesy

Your right, chinese government could create huge panic if they over take all farms and continue double spending transactions at large in order to kill Bitcoin. But the hashing algo can be changed or moving to PoS, so at 1 USD it would be great oppurtunity to buy and expect double digits price soon.

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I would buy at least 500.00 BTC if they were $1 each. That way I'd own a large portion of the total BTC to ever be in existence.
Whosdaddy
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April 17, 2016, 07:32:49 PM
 #148

i can only see the day price falls to $1 in my dreams at night.
and even then in my dreams i will be rushing to transfer all my fiat to my exchanger in order to buy bitcoin with all of it!
Yes, now it will happen only in our dreams, and in dreams we all will buy it, but if it happened in real, then I don’t think that once agan people will believe on it, and at that time the demand will be very low for it and I think it will not come again to that much value.
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April 18, 2016, 04:45:03 AM
 #149

if bitcoin droped to 1$ something i provably buy 400$ or more bitcoin and i will wait ultill the bitcoin will high like 1btc = 400 again i will reach for sure

If it reach $1 probably investors/whales are already gone in the bitcoin world...So the possibility to rise above $400 again is not sure anymore...It will regain its high price again after few years, if it still could...
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April 18, 2016, 05:01:27 AM
 #150

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.

I would buy 1000 bitcoins Smiley
not convinced by what you say fully, I am sure you currently hold bitcoin and if the price fell to $ 150 of what are you going to do, I am sure you will panic and sell your bitcoin.

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April 18, 2016, 05:02:22 AM
 #151

if bitcoin droped to 1$ something i provably buy 400$ or more bitcoin and i will wait ultill the bitcoin will high like 1btc = 400 again i will reach for sure

If it reach $1 probably investors/whales are already gone in the bitcoin world...So the possibility to rise above $400 again is not sure anymore...It will regain its high price again after few years, if it still could...

Sure, because they will assume bitcoin will disintegrate and die if the price reach $1. but I also think that, if this happened to bitcoin would be destroyed. because bitcoin is not like other coins. bitcoin is the largest.
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April 18, 2016, 05:04:18 AM
 #152

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.

keep calm sell anything you have and buying bitcoin Roll Eyes
i hope i can have 10k bitcoin  Cheesy
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April 18, 2016, 05:23:49 AM
 #153

I would buy more and hold until it went back up

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April 18, 2016, 05:25:31 AM
 #154

I'm 50/50 on the answer to this because it might be a good time to buy and save for future, but it might be the start of Bitcoins downfall,
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April 18, 2016, 05:29:29 AM
 #155

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.

keep calm sell anything you have and buying bitcoin Roll Eyes
i hope i can have 10k bitcoin  Cheesy
well it wouldnt be good to sell everythinig you have because the price potentialy might not recover after such a drop if people would lose their interest in bitcoin completely

thoguh in my opinion i would buy as much bitcoins as possible with my spare money that i have right now and hopefully if the price would go back up i could make big profit in no time
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April 18, 2016, 07:17:12 AM
 #156

If it ever got to those levels it really can't get much lower so it would be the best time to buy as many as you can, unless something catastrophic has happened like the entire world is coming to an end.
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April 18, 2016, 07:19:49 AM
 #157

I hope it will not reach so low, but i would invest a little more with a hope that the bitcoin price will be increased more.

CryptoBjorn
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April 18, 2016, 07:30:29 AM
 #158

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.
If the Bitcoin price was one dollar I would buy so many Bitcoins. Everyone would invest their money into Bitcoin. But we all know that the price is never going to be so low.
Cuidler
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April 18, 2016, 07:55:33 AM
 #159

If the Bitcoin price was one dollar I would buy so many Bitcoins. Everyone would invest their money into Bitcoin. But we all know that the price is never going to be so low.

I cant imagine such low price as well. But if it happens, it must be something fundamental broken with Bitcoin, not just FUD or whale manipulating the price, so I would need to evaluate more what caused such big drop first before considering to buy at $1

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April 18, 2016, 08:01:00 AM
 #160

I would just watch how panic and fear is spreading around  Wink
I will not buy at such low price, when it will happen it will happen because of some reason. Without knowing excatly why it`s not possible to say.
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