marketgold
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August 12, 2016, 06:58:18 AM |
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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 bitcoin dropped to 1 dollar , i will keep my bitcoin in account and hope for bitcoin to increase again  |
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morantis
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August 12, 2016, 07:02:38 AM |
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it would be a strange moment in a huge drop. with the rewards at 12.5, if BTC were to start radically dropping, the TX's would triple and the rewards to the miners and pools would triple. that would basically mean that the control of the BTC would shift from traders to pool owners and hard core miners. the exchanges would make a killing and the bitcoin would become stagnant at a "low" but not too low spot. Eventually the price would recover because interest would come in from a new group of people and those pool/exchange owners would then hold a powerful position. my point is just to not panic over price changes, things always come back and those holding the coins will benefit from not panicing, plus it is the panic that drives a dropping price lower and lower
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marketgold
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August 12, 2016, 07:17:36 AM |
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NEVER GOING TO HAPPEN!
But if it did I'd cry for days.
Me too. I dont think bitcoin will go that lower. A loot of people ar using it and it is a very little probability to go so lower |
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morantis
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August 12, 2016, 07:19:12 AM |
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NEVER GOING TO HAPPEN!
But if it did I'd cry for days.
Me too. I dont think bitcoin will go that lower. A loot of people ar using it and it is a very little probability to go so lower i always thought that litecoin would be the obvious backup alt coin if bitcoin shit itself, but there are a lot more flops and flips with LTC than BTC in the last year |
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opossum
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August 12, 2016, 07:20:03 AM |
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1$ for a bitcoin seems unrealistic to me.
If it would drop that low nobody would buy it. Bitcoin would simply stop to exist.
No miners would run a bitcoin mining software. So no transactions could be made what would mean the end of bitcoin.
I think that even 50$ per coin would lead to an end.
No unless its holding some value we cannot say that its dead, and if it falls to $1 price then there are many people who will prefer to take risk and buy at even that low price hoping that price will rise again. |
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morantis
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August 12, 2016, 07:25:05 AM |
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1$ for a bitcoin seems unrealistic to me.
If it would drop that low nobody would buy it. Bitcoin would simply stop to exist.
No miners would run a bitcoin mining software. So no transactions could be made what would mean the end of bitcoin.
I think that even 50$ per coin would lead to an end.
No unless its holding some value we cannot say that its dead, and if it falls to $1 price then there are many people who will prefer to take risk and buy at even that low price hoping that price will rise again. that is very true. i think a steady coin that stayed at around 1 usd per coin would make a transition to a greater acceptance easier. i think people cannot yet comprehend that a gallon of milk costs.... 0.001 BTC or whatever. that is too hard to get their heads around. a gallon of milk for 5 doge is easier. people need to get their heads on the satoshi side of bitcoin and stop thinking in the full bitcoin range. still it is hard for many people...what would a $5 gallon of milk be? lol i think 0.01 BTC or 500,000 satoshi......i think we need a better name for the increments in between, i feel like i am back in the Navy buying a pack of cigarettes for 10000 Yen or something. edit....did the math, lol. A $4 gallon of milk sould cost 0.008 BTC or 800,000 Sat. There is just no easy way to put this on a sign or price tag. I guess the best way would be a nice term for 1000 Sat, like a SatDollar or something and then the milk would be 800 or those, i don't know, there is a long road ahead for BTC |
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bitsoldiers
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August 12, 2016, 07:28:55 AM |
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wow it will be my happiest moment in life...will buy more btc and wait until its rise in exchange....!!!
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Dark.Angel
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August 12, 2016, 07:57:38 AM |
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if this fact the thing that come out on my mind is , i will delete all my wallet and i sure all the biggest investors of bitcoin will be running for suicide because thier big loss.
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Zadicar
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Seabet.io | Crypto-Casino
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August 12, 2016, 08:02:50 AM |
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if this fact the thing that come out on my mind is , i will delete all my wallet and i sure all the biggest investors of bitcoin will be running for suicide because thier big loss.
Definitely, many people would do suicide especially to those big investors same as you said they would cry especially to those who put all their assets to convert it to bitcoin. Some people would see that situation is an opportunity to buy more bitcoin. |
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marketgold
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August 12, 2016, 08:03:22 AM |
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wow it will be my happiest moment in life...will buy more btc and wait until its rise in exchange....!!!
Think about you win 100 BTC right until bitcoin prices dropped to 1$ . If bitcoin drops so low, lots of people will lose their all earnings in all life. Bitcoin will never drop so low because people continue to use it and peoples are mining more and more |
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mishra1994
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August 12, 2016, 08:05:13 AM |
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wow it will be my happiest moment in life...will buy more btc and wait until its rise in exchange....!!!
Think about you win 100 BTC right until bitcoin prices dropped to 1$ . If bitcoin drops so low, lots of people will lose their all earnings in all life. Bitcoin will never drop so low because people continue to use it and peoples are mining more and more Yes thats never going to happen so thinking about it or making plans would be just a dream and if this happens i think it will not be easy to buy the bitcoins because users all over the world will only want to buy the bitcoin,no body gonna sell at that time. |
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axzxc1236
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August 12, 2016, 08:17:05 AM |
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Be honest, I will cry, then probably use gambling website if the price doesn't gets up.
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cambda
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August 12, 2016, 08:23:34 AM |
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wow it will be my happiest moment in life...will buy more btc and wait until its rise in exchange....!!!
Think about you win 100 BTC right until bitcoin prices dropped to 1$ . If bitcoin drops so low, lots of people will lose their all earnings in all life. Bitcoin will never drop so low because people continue to use it and peoples are mining more and more Yes thats never going to happen so thinking about it or making plans would be just a dream and if this happens i think it will not be easy to buy the bitcoins because users all over the world will only want to buy the bitcoin,no body gonna sell at that time. Who will sell at that low price? Everyone will prefer to buy bitcoins if price falls to $1 but may be after that it will take long time for bitcoin to rise again. |
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boyptc
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August 12, 2016, 09:09:51 AM |
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Be honest, I will cry, then probably use gambling website if the price doesn't gets up.
Well that is really going to to be crying moment if the price of bitcoin is going to be at that price especially when you are holding a lot of it. So, you are just going to play for your bitcoins and going to hope for the gambling site make your remaining bitcoins grow. If I were you, take the chance don't lose hope and buy a lot. |
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8Habits
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August 12, 2016, 09:28:03 AM |
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Be honest, I will cry, then probably use gambling website if the price doesn't gets up.
Well that is really going to to be crying moment if the price of bitcoin is going to be at that price especially when you are holding a lot of it. So, you are just going to play for your bitcoins and going to hope for the gambling site make your remaining bitcoins grow. If I were you, take the chance don't lose hope and buy a lot. That is roght! The key here is to buy a lot when the price of bitcoin gets lower because there is really a big chance of bitcoin price to rise again - why? Because there are many people actually using it already in the moment like you and me. There are also big investors that investing to bitcoins. |
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bamboylee
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August 12, 2016, 09:48:41 AM |
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1$ for a bitcoin seems unrealistic to me.
If it would drop that low nobody would buy it. Bitcoin would simply stop to exist.
No miners would run a bitcoin mining software. So no transactions could be made what would mean the end of bitcoin.
I think that even 50$ per coin would lead to an end.
No unless its holding some value we cannot say that its dead, and if it falls to $1 price then there are many people who will prefer to take risk and buy at even that low price hoping that price will rise again. I now I would take that risk. Unless the cause of the price drop is the block chain itself, I will still invest in bitcoin. It is a chance I will not ignore. I ignored bitcoin once, when it is still on its early years, I will not make that mistake again. I will buy bitcoins even when it hits 1$. |
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8Habits
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August 12, 2016, 09:54:44 AM |
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1$ for a bitcoin seems unrealistic to me.
If it would drop that low nobody would buy it. Bitcoin would simply stop to exist.
No miners would run a bitcoin mining software. So no transactions could be made what would mean the end of bitcoin.
I think that even 50$ per coin would lead to an end.
No unless its holding some value we cannot say that its dead, and if it falls to $1 price then there are many people who will prefer to take risk and buy at even that low price hoping that price will rise again. I now I would take that risk. Unless the cause of the price drop is the block chain itself, I will still invest in bitcoin. It is a chance I will not ignore. I ignored bitcoin once, when it is still on its early years, I will not make that mistake again. I will buy bitcoins even when it hits 1$. Although it is really far from truth that bitcoin will drop to $1, however when that time comes, I will definitely buy as much as I can. Bitcoin is the future, period. I just hope that the number of bitcoins will go as far as billion instead of just 21 million something. |
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just_Alice
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August 12, 2016, 01:14:59 PM |
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Exactly what the title says.
If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?
I personally would buy more bitcoin.
For sure I'd buy more btc, but not too much, because if it dropped to the price of 1$, it could easily drop lower, than that, so it's quite risky. |
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Labumi
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August 12, 2016, 01:21:05 PM |
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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.
For sure I'd buy more btc, but not too much, because if it dropped to the price of 1$, it could easily drop lower, than that, so it's quite risky. You better think about it or look at the situation at the time. If the situation could indeed be profitable then we are obliged to buy most of the bitcoin is there, because it will certainly be beneficial for us in the next day. But I think if that happens, then everyone will wait or not to wait for all of the events that they receive |
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universe_
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August 12, 2016, 01:53:31 PM |
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Be honest, I will cry, then probably use gambling website if the price doesn't gets up.
thats stupid, so you will cry that you lost your money and you will then decide to gamble and lose it even more? i would jiust buy more bitcoins and hold |
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