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boyptc
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July 28, 2016, 03:44:38 AM |
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unlikely doubtfully ever bitcoin drops that low, if it was possible to do something to make the price dump that much then people wouldn't have invest and adopt it in the first place to grow the price day by day.
I know there are still some people that are going to invest for sometime if the price of bitcoin is going to reach that very low level. But I do believe there are also people that are going to invest on that low price with bitcoin as we all know that bitcoin is the most popular crypto at all. So, when more people are going to invest, the demand of it is going to be high as well as the price. |
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Supercrypt
Legendary
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Activity: 1554
Merit: 1054
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July 28, 2016, 06:26:15 AM |
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Most users were highly aware of the potential it has got due to the growth in a short term as well touch peak price's compared to other digital currencies. I don't think or expect price to touch $1, unlike the price I buy whenever its possible for me.
But the question was a "what if" OP wasn't asking about whether it would be possible for that to happen or not but it's true though that the devs and the whales wouldn't want that to happen. However, if it did happen, I'm not really sure what's going to happen next or what I'll be doing since it would depend on the situation of bitcoin by that time whether bitcoin is still used as a currency or it is already dropped. |
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JeffBrad12
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July 28, 2016, 08:18:43 AM |
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very imposible if bitcoin down and drop until price every one bitcoin only one dollar
but if happen bitcoin down one dolllar every one bitcoin
i thin bitcoin can't use transaction agan because every transcation txt want miner
is price every low not only one miner want mining again
That's right it's just a dream for bitcoin dropping into $1 for each, and I sure about that and maybe the miner will be retire from bitcoin and who wanna to giving a big support for bitcoin if the miners are retired from bitcoin? |
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Vannterson
Newbie
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Activity: 55
Merit: 0
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July 28, 2016, 11:03:08 AM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
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Mastsetad
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July 28, 2016, 11:15:53 AM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point? |
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8Habits
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July 28, 2016, 01:30:12 PM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point? It happened in bitcoin that it dropped its price big time. There were big factors that losses some trust by bitcoin investors but it proves its worth and now rising again. In fact, there are big investors now that invest millions of dollars in bitcoin now. |
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dunfida
Legendary
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Activity: 3122
Merit: 1140
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July 28, 2016, 01:39:01 PM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point? Yes there would be a big problem if bitcoins price would drop low like that and surely many investors would lost its faith in bitcoin or some may panic buying if the price gradually decrease its price. There were still high risk takers still hold or even buy more bitcoin if the price would drop to the lowest. |
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rickadone
Legendary
Offline
Activity: 1176
Merit: 1024
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July 28, 2016, 08:39:07 PM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point? Yes there would be a big problem if bitcoins price would drop low like that and surely many investors would lost its faith in bitcoin or some may panic buying if the price gradually decrease its price. There were still high risk takers still hold or even buy more bitcoin if the price would drop to the lowest. Assuming that we're still alive when the value of bitcoin dropped to $1, well, it wouldn't happen at our generation or the next. Probably it may happen in the next few centuries but not now as it would pose so much problems to the fact that bitcoin may even be considered dead. |
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Mastsetad
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July 29, 2016, 11:09:42 AM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point? It happened in bitcoin that it dropped its price big time. There were big factors that losses some trust by bitcoin investors but it proves its worth and now rising again. In fact, there are big investors now that invest millions of dollars in bitcoin now. Whatever happened in past and bitcoin surely dropped its price, but it never dropped as much as directly to $1. And yes there are big investors and there will be bigger investors in future, so there is no chance of bitcoin falling to that extent. |
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Jimbola3
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July 29, 2016, 11:20:45 AM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point? Yes there would be a big problem if bitcoins price would drop low like that and surely many investors would lost its faith in bitcoin or some may panic buying if the price gradually decrease its price. There were still high risk takers still hold or even buy more bitcoin if the price would drop to the lowest. Yeah that would be a big problem for all bitcoiners, in my opinion they would shift to other crypto currency like eth, litecoins which are in trends now beside bitcoin. but that wont happen because bitcoin is now so strong as many big companies are giving support to it ! |
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BossMacko
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July 29, 2016, 11:22:01 AM |
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Lets just say that Bitcoin dropped to 1$, For sure if this happens another cryptocurrency will have a bigger price like Bitcoin today. And people will switch to that cryptocurrency and Bitcoin will just become another alt coin. But for sure this will not happen because Bitcoin is the first cryptocurrency and it is being use by many people.
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airsounds
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July 29, 2016, 11:38:42 AM |
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Lets just say that Bitcoin dropped to 1$, For sure if this happens another cryptocurrency will have a bigger price like Bitcoin today. And people will switch to that cryptocurrency and Bitcoin will just become another alt coin. But for sure this will not happen because Bitcoin is the first cryptocurrency and it is being use by many people.
bitcoin is the main coin and others are altcoins, it is simply impossible that other currencies will become the main ones because all trading of alts is based on bitcoin |
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Bestwishes745
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July 29, 2016, 11:54:30 AM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
No, not most people will but a lot, just think about ethereum, why its price decreased? obviously because of bad event with that and so people tried their best to stay away from it and now they do not keep their money for longer in ethereum. The same will happen in bitcoin if it dropped down. |
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virtualkeybuyer
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July 29, 2016, 11:58:36 AM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
No, not most people will but a lot, just think about ethereum, why its price decreased? obviously because of bad event with that and so people tried their best to stay away from it and now they do not keep their money for longer in ethereum. The same will happen in bitcoin if it dropped down. From your post I got the idea that it will depend on the reason that why the price of bitcoin dropped too much, if it drop because of any issue or tragedy with it then people will not buy bitcoin anymore and bitcoin will go to death, and if it continued to dropped with a slow process without any issue and tragedy then maybe more and more people come to there and buy a lot of bitcoins in order to keep them in their wallet and to earn bigger amount in the coming future. |
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Xester
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July 29, 2016, 12:26:33 PM |
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Lets just say that Bitcoin dropped to 1$, For sure if this happens another cryptocurrency will have a bigger price like Bitcoin today. And people will switch to that cryptocurrency and Bitcoin will just become another alt coin. But for sure this will not happen because Bitcoin is the first cryptocurrency and it is being use by many people.
If bitcoins price will go down to 1$ there will be panic buying, but nobody's going to sell their bitcoins since they will wait for an increase. With higher demand for bitcoin the price will increase again. Bitcoin becoming an altcoin is impossible and will never happen. The price drop also is impossible to happen. |
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upsidedown75
Legendary
Offline
Activity: 1288
Merit: 1036
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July 29, 2016, 03:13:58 PM |
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Most people would buy as many Bitcoin as possible because the price has never been that low ever.
But would it make sense to buy if everyone is going to buy as many as possible and hold on to it.
I don't think that bitcoin can drop to just $1 by looking at the user database of it, because the coins that drop wildly are those which has no users to buy or sell them and if a coin has countless users and investors or sellers then how can that drop to that point? It happened in bitcoin that it dropped its price big time. There were big factors that losses some trust by bitcoin investors but it proves its worth and now rising again. In fact, there are big investors now that invest millions of dollars in bitcoin now. Whatever happened in past and bitcoin surely dropped its price, but it never dropped as much as directly to $1. And yes there are big investors and there will be bigger investors in future, so there is no chance of bitcoin falling to that extent. To say that it's impossible is wrong, there may be lots of funds invested in BTC, but it could always decrease in the future. The chances of BTC dropping to 1$ are slim, but it could not predict what to happen in future. Once bitcoin enter as a main stream of payments, then there will be no chances bitcoin to replace our fiats. I never worry as bitcoin prices has no chances to drop. |
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HateEU
Member
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Activity: 89
Merit: 10
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July 29, 2016, 03:19:30 PM |
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Bitcoin price will never be 1$ or lower because it is toi strong cryptucurrenc to that happent and it is first cryptocurrency in the world.
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Caladonian
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July 29, 2016, 05:17:13 PM |
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turn bad things to invest i know it will be hard to believe that the price can drop up to this level but we are in the crypto so nothing is impossible just in case things happen it would be a great opportunity to take advantage and buy more and wait for it to bounce back.
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socks435
Legendary
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Activity: 2016
Merit: 1030
Privacy is always important
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July 29, 2016, 05:26:44 PM |
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turn bad things to invest i know it will be hard to believe that the price can drop up to this level but we are in the crypto so nothing is impossible just in case things happen it would be a great opportunity to take advantage and buy more and wait for it to bounce back.
Well this is i think we can do that we know bitcoin will increase again back to the present price right now.. So buying bitcoins with that price is one of the good idea but the problem if the bitcoin will still stay at this level.. what is you other way? |
Solving blocks can't be solved without my rigs.
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CryingMidget
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July 29, 2016, 05:27:34 PM |
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Bitcoin price will never be 1$ or lower because it is toi strong cryptucurrenc to that happent and it is first cryptocurrency in the world.
If the price drops down to $1, then there must be a better alternative that has more potential than bitcoin. Clearly at that point, something terrible must have happened to bitcoin which makes it unusable and unwanted. The demand must be next to none, and that would be reflected in my options. |
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