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Author Topic: If bitcoin dropped to $1, what you do?  (Read 98136 times)
Capradina
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August 10, 2016, 05:55:17 AM
 #1841

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.

They would surely turn to something else if they see no potential of growing bitcoin again but later on if bitcoin recovers and starts growing again then people will again start investing and using it.

Yeah, it's definitely going to happen to those who are just following the growth of something and only looking for profit without a static view of the bitcoin. But that's not going to happen to those who have thought of a Billionaire, they definitely will do a research the bitcoin and see results in the future. It depends on the person's mindset and I prefer to see a static before the price goes down and after that bitcoin performed action
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August 10, 2016, 06:02:06 AM
 #1842

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.

They would surely turn to something else if they see no potential of growing bitcoin again but later on if bitcoin recovers and starts growing again then people will again start investing and using it.
That is what doing by the investor they always be updated in stock market were they can earn a lot of money then they invest and if they already get more profit they will find another investment company to invest. but in bitcoin price will drop at $1 i think it is impossible for now.
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August 10, 2016, 06:21:51 AM
 #1843

You mean you if the price of bitcoin be $ 1? If that happens, we shall be losing money because the price is not good, and to rise if it had been dropped as it was very difficult. But I believe bitcoin might not drop to $ 1 for bitcoin is constantly evolving and users actively using bitcoin.
of course there are many users who lose and lose big when bitcoin prices fell very sharply. yeah I also think that it would be difficult for bitcoin to go down to $ 1. I think if that happens. there must be something terrible thing that happened in bitcoin?
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August 10, 2016, 08:04:00 AM
 #1844

You mean you if the price of bitcoin be $ 1? If that happens, we shall be losing money because the price is not good, and to rise if it had been dropped as it was very difficult. But I believe bitcoin might not drop to $ 1 for bitcoin is constantly evolving and users actively using bitcoin.
of course there are many users who lose and lose big when bitcoin prices fell very sharply. yeah I also think that it would be difficult for bitcoin to go down to $ 1. I think if that happens. there must be something terrible thing that happened in bitcoin?

If there is something fundamental wrong with the bitcoin, the price could drop to $1. Otherwise, it will be much higher.
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August 10, 2016, 08:05:04 AM
 #1845

It would probably be a good time to fill the bags. Wink
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August 10, 2016, 08:51:37 AM
 #1846

You mean you if the price of bitcoin be $ 1? If that happens, we shall be losing money because the price is not good, and to rise if it had been dropped as it was very difficult. But I believe bitcoin might not drop to $ 1 for bitcoin is constantly evolving and users actively using bitcoin.
of course there are many users who lose and lose big when bitcoin prices fell very sharply. yeah I also think that it would be difficult for bitcoin to go down to $ 1. I think if that happens. there must be something terrible thing that happened in bitcoin?

Yeah and after falling that low there are more chances that it may simply disappear so it would not be wise to invest more money into it at that point of time.
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August 10, 2016, 09:18:26 AM
 #1847

Try to get as much as possible and slowly store it on an offline wallet and let it sit there in case the price goes up again.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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August 10, 2016, 09:24:59 AM
 #1848

Impossible dude, even in many years ago, bitcoin was dumped to 2 usd, 1 usd age was never back since 5 years, unless you bought it before 2011, lol. People will set unlimited buy orders to get filled, will never see 1 usd.
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August 10, 2016, 09:46:39 AM
 #1849

Try to get as much as possible and slowly store it on an offline wallet and let it sit there in case the price goes up again.

Yeah if price falls that low then we can afford to buy as much as we can as buying at $1 is not a big deal even if it disappears after that it won't make any difference and even if reaches to $100 then we can expect some profits from it.
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August 10, 2016, 10:18:57 AM
 #1850

Try to get as much as possible and slowly store it on an offline wallet and let it sit there in case the price goes up again.

Yeah if price falls that low then we can afford to buy as much as we can as buying at $1 is not a big deal even if it disappears after that it won't make any difference and even if reaches to $100 then we can expect some profits from it.

$1 wont even a big deal as you said even if bitcoin would gone. I would rather buy $100 worth of bitcoin even it  rises just $50 price then your money grow for 50x then i would be a nice profit at all.  I would like to risk if bitcoins price would lower its price like that.

Yutikas_11920
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August 10, 2016, 10:24:33 AM
 #1851

Impossible dude, even in many years ago, bitcoin was dumped to 2 usd, 1 usd age was never back since 5 years, unless you bought it before 2011, lol. People will set unlimited buy orders to get filled, will never see 1 usd.

It's too silly if it is talked about, but it may occur in the coming year. because all the stuff or something created by man is not always stick with long, however it depends on the situation and if it happens in the future then I would look at the situation before acting
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August 10, 2016, 10:28:23 AM
 #1852

Try to get as much as possible and slowly store it on an offline wallet and let it sit there in case the price goes up again.

Yeah if price falls that low then we can afford to buy as much as we can as buying at $1 is not a big deal even if it disappears after that it won't make any difference and even if reaches to $100 then we can expect some profits from it.

$1 wont even a big deal as you said even if bitcoin would gone. I would rather buy $100 worth of bitcoin even it  rises just $50 price then your money grow for 50x then i would be a nice profit at all.  I would like to risk if bitcoins price would lower its price like that.
I will also buy more and more coins if price falls below $50.Not just profit, bitcoin is also convneance.Moving money across the globe is as easy as pie with bitcoin

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August 10, 2016, 11:28:17 AM
 #1853

If bitcoin price drop to 1$,it must be any reason behind that. Like technical problems, attacked on encryption system... etc. But I will buy more and more coins if price falls to $1 Smiley
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August 10, 2016, 05:07:28 PM
 #1854

If bitcoin price drop to 1$,it must be any reason behind that. Like technical problems, attacked on encryption system... etc. But I will buy more and more coins if price falls to $1 Smiley


There would obviously be a reason behind bitcoin dropping to that extent and before buying more bitcoins we should first find out if what that problem is and as if it is gonna rise again or not, so a little patience would be needed and later on if it starts growing then we should invest again.
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August 10, 2016, 05:08:30 PM
 #1855

If bitcoin price drop to 1$,it must be any reason behind that. Like technical problems, attacked on encryption system... etc. But I will buy more and more coins if price falls to $1 Smiley

I would first consider the consequences and the current trend before I actually decide on what to do when the price dropped at $1. Like maybe the drop of miners, drop of investors, drop of bitcoin users. All of those are important factors to consider rather than just going to go on spending spree buying all the coins just because they are priced at $1.
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August 10, 2016, 05:44:58 PM
 #1856

If bitcoin price drop to 1$,it must be any reason behind that. Like technical problems, attacked on encryption system... etc. But I will buy more and more coins if price falls to $1 Smiley

I would first consider the consequences and the current trend before I actually decide on what to do when the price dropped at $1. Like maybe the drop of miners, drop of investors, drop of bitcoin users. All of those are important factors to consider rather than just going to go on spending spree buying all the coins just because they are priced at $1.

I think this is the best thing to do, rather than jumping instantly into buying bitcoin at 1 sat or avoiding it like a plague without even considering what the scenario is.  Studying the pros and cons would be a better thing, then whatever the outcome of your research, then go for it.  Im sure it will make a good outcome.

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August 10, 2016, 05:47:53 PM
 #1857

If bitcoin price drop to 1$,it must be any reason behind that. Like technical problems, attacked on encryption system... etc. But I will buy more and more coins if price falls to $1 Smiley


There would obviously be a reason behind bitcoin dropping to that extent and before buying more bitcoins we should first find out if what that problem is and as if it is gonna rise again or not, so a little patience would be needed and later on if it starts growing then we should invest again.

I think price will  start in the month of November to next year January becuase specially in christmas and holidays time bitcoin usually go for high price So we can hold the bitcoin till that and I think its dropped more than 1$ from halving So we can buy and utilize that time.
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August 10, 2016, 05:51:16 PM
 #1858

That's never possible that bitcoin will go to that price and if we are thinking about that then it means we don't have faith in bitcoin and we are putting a question mark on potential of bitcoin.
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August 10, 2016, 05:57:43 PM
 #1859

That's never possible that bitcoin will go to that price and if we are thinking about that then it means we don't have faith in bitcoin and we are putting a question mark on potential of bitcoin.
thats true, in my opinion the bitcoin price might only grow in the near future and make me some good profit really easy, bitcoin will never go down to 1 dollar
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August 10, 2016, 06:14:23 PM
 #1860

That's never possible that bitcoin will go to that price and if we are thinking about that then it means we don't have faith in bitcoin and we are putting a question mark on potential of bitcoin.
Yeah no can believe this but we dont know the future maybe it will happen in the future.. but i believe that bitcoin will never drop at that price because if you see the adopted bitcoin its growing daily..
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