If bitcoin dropped to $1, what you do?

[8Habits]

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 20 bitcoins and would let them sit in my wallet, as i am pretty sure that even if bitcoin price would drop so low, it's price still would rise back up some day

Why only 20 bitcoins? That would only be like $20 If I do, I will buy a minimum of $1000 or 1000 bitcoins and just set and forget it for a decade - not minding anything about bitcoin news and stuff like that. If after a decade the price will go even just $100 I'll be $100,000 richer but if the btc price goes $1000 each, I'll be a millionaire then, right?

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[chaser15]

Probably buy more

That's too risky and possibly we are on the "end of the end" history of bitcoin..

Exactly. Others want to have such a  low price for bitcoin so that they can even buy more. They didn't think why in the first place the price will reach that $1. That's a total failure of bitcoin if ever the price will reach that range.

I doubt bitcoin can make it to the top again if ever the price will dropped to $1. Imagine for years with the support from the community still the price will suffer that kind of state.

[CoinFoxs]

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

It will not gonna happen and if it will happen that bitcoin is dropped to 1$ then it will so many years to reach amount that is going today. i am right ?
And if it will drop to 1$ then no one can invest in bitcoin because no one is investing money from where you get profit after few years. People invest money from where they get profit within 2-3 months.

[aesma]

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 20 bitcoins and would let them sit in my wallet, as i am pretty sure that even if bitcoin price would drop so low, it's price still would rise back up some day

Why only 20 bitcoins? That would only be like $20 If I do, I will buy a minimum of $1000 or 1000 bitcoins and just set and forget it for a decade - not minding anything about bitcoin news and stuff like that. If after a decade the price will go even just $100 I'll be $100,000 richer but if the btc price goes $1000 each, I'll be a millionaire then, right?

But bitcoin is not something you can forget about for 10 years. Because if most people do like you, then bitcoin will simply not exist anymore. It needs users, it needs miners.

[nova-rider]

An unlikely scenario, perhaps the dream of many people.

[peta4e]

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

It will not gonna happen and if it will happen that bitcoin is dropped to 1$ then it will so many years to reach amount that is going today. i am right ?
And if it will drop to 1$ then no one can invest in bitcoin because no one is investing money from where you get profit after few years. People invest money from where they get profit within 2-3 months.

Yup majority of people keeps on saying that they will buy maximum number of coins if price falls to $1, but I really don't think that people will buy as they will surely get panic if they see that price in future.

[Mastsetad]

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

It will not gonna happen and if it will happen that bitcoin is dropped to 1$ then it will so many years to reach amount that is going today. i am right ?
And if it will drop to 1$ then no one can invest in bitcoin because no one is investing money from where you get profit after few years. People invest money from where they get profit within 2-3 months.

People would probably not have belief on it anymore if it breaks like that, people are recently loving bitcoin because it is a growing money, so if it drops drastically no one would have interest in it as that wont be able to earn them anything on that time.

[greatr]

An unlikely scenario, perhaps the dream of many people.

yeah, the dream of the ones who want to make a lot of money with bitcoins, i hope it will never happen but i would buy bitcoin then i guess

[Piladeer]

I really don't think it would bother most people.
They will just continue to use it even if nothing come out of this far reaching scenario.

[emersonlogan62]

its a dream for every one if Bitcoin price down to $1, actually even $100 is a dream for me. if so then i'll sell my house and buy bitcoins from all my asset and cash .Bitcoin price will rise day by day because of limited supply.

[socks435]

An unlikely scenario, perhaps the dream of many people.

yeah, the dream of the ones who want to make a lot of money with bitcoins, i hope it will never happen but i would buy bitcoin then i guess

This is impossible to happen because bitcoin is growing daily and i think more price increase will come in bitcoin instead of price decrease or crash going to $1. maybe it will happen if the whole bitcoin network are shutdown or crash..

[crairezx20]

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

It will not gonna happen and if it will happen that bitcoin is dropped to 1$ then it will so many years to reach amount that is going today. i am right ?
And if it will drop to 1$ then no one can invest in bitcoin because no one is investing money from where you get profit after few years. People invest money from where they get profit within 2-3 months.

People would probably not have belief on it anymore if it breaks like that, people are recently loving bitcoin because it is a growing money, so if it drops drastically no one would have interest in it as that wont be able to earn them anything on that time.

Yeah right bitcoin is growing year by year and more store are accepting bitcoin as payment. also there is a good country  that accept bitcoins locally in 150 stores in brazil..

[BeGoods]

If bitcoin had to drop to $1....I would be the first person to abandon it as it would be worthless not only to mine but holding it aswel

I'd buy all your bitcoin

when you buy all bitcoin, and you can not convert it to a fiat, because if the price $1, bitcoin will be crushed, and no exchangers that accept bitcoin again, a.k.a they chose to close

If he has bought at $1 then why he will prefer to sell at the same price? He will surely hold them till price doesn't increase and sell only when bitcoins reaches to some descent level.

I think the exchange did not feel the loss even though bitcoin worth very little to $ 1 yet. they just menyedikan place to trade bitcoin, so they will not stop when the bitcoin is not dead yet. bitcoin will not die when there are users who use it? so I hope users continue to believe the bitcoin. so bitcoin prices will not go down as low as it

[rio3233]

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

Are you sure ? If bitcoin price dropped to $1, something big must be happened and makes people to not use bitcoin anymore. If you buy bitcoin on that price, it might have a big risk to do that.

[batang_bitcoin]

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

Are you sure ? If bitcoin price dropped to $1, something big must be happened and makes people to not use bitcoin anymore. If you buy bitcoin on that price, it might have a big risk to do that.

I am pretty sure that if the price of bitcoin is going to drop to $1 many investors are going to buy a lot of bitcoins especially those people who are believing with bitcoin and I know that they are going to buy as many as they can as long as their budget is enough for it. So that it can give them good profit when the price is going to increase.

[Zadicar]

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

Are you sure ? If bitcoin price dropped to $1, something big must be happened and makes people to not use bitcoin anymore. If you buy bitcoin on that price, it might have a big risk to do that.

I am pretty sure that if the price of bitcoin is going to drop to $1 many investors are going to buy a lot of bitcoins especially those people who are believing with bitcoin and I know that they are going to buy as many as they can as long as their budget is enough for it. So that it can give them good profit when the price is going to increase.

I think it wont happen since those investors for sure would have lost its trust already to bitcoin when it drops its price too low. If they are big investors in the past when the price of bitcoin is still $600_ mark then  for sure they would panic as the price of bitcoin decreases day by day until it reaches $1  and thats already a big loss to them. They would have a second thought or a hesitation if they would buy more or not.

[qyzackk]

if that will happen i will buy bitcoin as many as i can. because i think all or maybe many of us has same mindset like me

Are you sure ? If bitcoin price dropped to $1, something big must be happened and makes people to not use bitcoin anymore. If you buy bitcoin on that price, it might have a big risk to do that.

I am pretty sure that if the price of bitcoin is going to drop to $1 many investors are going to buy a lot of bitcoins especially those people who are believing with bitcoin and I know that they are going to buy as many as they can as long as their budget is enough for it. So that it can give them good profit when the price is going to increase.

I think it wont happen since those investors for sure would have lost its trust already to bitcoin when it drops its price too low. If they are big investors in the past when the price of bitcoin is still $600_ mark then  for sure they would panic as the price of bitcoin decreases day by day until it reaches $1  and thats already a big loss to them. They would have a second thought or a hesitation if they would buy more or not.

So you can remember the panic started when there were problems on bitfinex. Then all knew from the beginning what happened and did not know what to do with your bitcoin. And the price is very plummeted. The truth is not dropped to a critical level.

[bamboylee]

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.

Bitcoin will lose its value if it will be billions of bitcoins available. remember the law of supply and demand, the more the supply, the less the demand. It also applies to bitcoin. Bitcoin can be viewed as like gold, there is limited amount available so the price keeps going up.

[8Habits]

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.

Bitcoin will lose its value if it will be billions of bitcoins available. remember the law of supply and demand, the more the supply, the less the demand. It also applies to bitcoin. Bitcoin can be viewed as like gold, there is limited amount available so the price keeps going up.

I am sorry but I believe your statement is unfounded, bamboylee. Bitcoins will not go to billions in number because the max number of bitcoins is only 21 million.

Also, it will not lose its value. Its price will continue be fluctuating  and the basis of profit for individuals with bitcoins are service fees of each bitcoin transactions.

[trickshot22]

An unlikely scenario, perhaps the dream of many people.

it is basically impossible though i think i would sell when the price would be falling in order not to lose all my money