If bitcoin dropped to $1, what you do?

[Decoded]

If Bitcoin is going to drop to that low than you will see that before it will reach that low value that there will be a lot of people that is going to stop using Bitcoin.
And that is because they already see that they cant earn profit with it so it will be also less worth.

If it falls that low than it will surely panic people and majority of them would prefer to quit bitcoin and the one who believes in it will buy some coins for future.

I would be one of them. Buying coins. Sure i can take my loss but a lot of people are well invested into bitcoin. Even depending on their business which makes me believe eventually the price will be pumped again.

Taking risk is how the big guys do it.

Count me in also, if the bitcoins price dropped to the lowest price ever of $1 I would probably invest some of my savings to it.
Because I believe that it will just rise again just like what happens today.

Such a sentiments will never let Bitcoin price fall.Even a drop of 100 $ will trigger mass buying resulting in a price hike

Mass buying could lead to a bubble that could eventually pop and end with a price drop of such a size that can only lead to panic selling, followed by $1. There's only so much bitcoin can rise or fall before the community realises something's really wrong.

[1714787387]

1714787387

[boyptc]

If Bitcoin is going to drop to that low than you will see that before it will reach that low value that there will be a lot of people that is going to stop using Bitcoin.
And that is because they already see that they cant earn profit with it so it will be also less worth.

If it falls that low than it will surely panic people and majority of them would prefer to quit bitcoin and the one who believes in it will buy some coins for future.

I would be one of them. Buying coins. Sure i can take my loss but a lot of people are well invested into bitcoin. Even depending on their business which makes me believe eventually the price will be pumped again.

Taking risk is how the big guys do it.

Count me in also, if the bitcoins price dropped to the lowest price ever of $1 I would probably invest some of my savings to it.
Because I believe that it will just rise again just like what happens today.

Such a sentiments will never let Bitcoin price fall.Even a drop of 100 $ will trigger mass buying resulting in a price hike

Mass buying could lead to a bubble that could eventually pop and end with a price drop of such a size that can only lead to panic selling, followed by $1. There's only so much bitcoin can rise or fall before the community realises something's really wrong.

I don't know if it will happen, but I'm not even thinking of that things that bitcoin will fall because it would really affect every one of us.
Rather it is better to think about positive things.

[quentincole32]

For those who said that they will buy bitcoin when it dropped to $1 I'm in the same boat with you guys. I would definitely buy 1000 BTC if possible then wait again for the perfect time to sell half of my bitcoin then wait again, profit. 

i believe in reality if it happened in the future only few people keep their faith in bitcoin.
most people would leave and scared about bitcoin price dropped to $1.
i personally it depends on the situation , i could be leaving bitcoin forever but there is no harm to invest small amount as my faith to bitcoin.

[jossiel]

For those who said that they will buy bitcoin when it dropped to $1 I'm in the same boat with you guys. I would definitely buy 1000 BTC if possible then wait again for the perfect time to sell half of my bitcoin then wait again, profit. 

i believe in reality if it happened in the future only few people keep their faith in bitcoin.
most people would leave and scared about bitcoin price dropped to $1.
i personally it depends on the situation , i could be leaving bitcoin forever but there is no harm to invest small amount as my faith to bitcoin.

The people will be divided to two teams, one is that who are still believes bitcoin even it falls to $1 dollars because they do believe that it will definitely rise again.
Second, are the people who are scared to go back to bitcoin and continue what they already started with bitcoin because of the low price.

[ajun96]

If Bitcoin is going to drop to that low than you will see that before it will reach that low value that there will be a lot of people that is going to stop using Bitcoin.
And that is because they already see that they cant earn profit with it so it will be also less worth.

yeah of course if bitcoin drop and headed to the price of $1 maybe everyone will experience panic selling. will not anyone think to survive and hold their bticoin. because a lot of people would think that bitcoin will no longer potential. but for that to happen would be very difficult

[andulolika]

Id sell everything i have, even glasses, buy with everything and live in the streets for a while.

[Nandiwal]

Nope. it will never happen. because BTC become a need of many people now a days. As u say what will i do if its happen then i will surely buy more Btc.

[andulolika]

Nope. it will never happen. because BTC become a need of many people now a days. As u say what will i do if its happen then i will surely buy more Btc.

I agree, not to mention the dark services but the gambling.

[JumperX]

Nope. it will never happen. because BTC become a need of many people now a days. As u say what will i do if its happen then i will surely buy more Btc.

That's the right thing to do, as we know bitcoin can grow again in future, its just matter of time the only thing we need is a patience and faith in bitcoin.

[wintermeasures]

i will buy more bitcoin and hold it till $400 again,
just like forex, Price is happening today is a reduction in price in the past, thanks

[Blackmet]

i will buy more bitcoin and hold it till $400 again,
just like forex, Price is happening today is a reduction in price in the past, thanks

I think after this major drop bitcoin will never return, people will start panic, solding bitcoins also will stop using it. But maybe my prediction is wrong.

[gerXhonza]

i will buy more bitcoin and hold it till $400 again,
just like forex, Price is happening today is a reduction in price in the past, thanks

I think after this major drop bitcoin will never return, people will start panic, solding bitcoins also will stop using it. But maybe my prediction is wrong.

Bitcoin has potential to rise again, and it has successfully proved in the past many times, so if price falls that low I would still prefer to buy some coins.

[jacobmayes94]

There would have to be a catastrophic failure or some serious security flaw for that to happen.

[JessicaSe]

i will buy more bitcoin and hold it till $400 again,
just like forex, Price is happening today is a reduction in price in the past, thanks

I think after this major drop bitcoin will never return, people will start panic, solding bitcoins also will stop using it. But maybe my prediction is wrong.

Bitcoin has potential to rise again, and it has successfully proved in the past many times, so if price falls that low I would still prefer to buy some coins.

Agreed, but now that low value is never possible in future, so don't think about it believe in present and act and react accordingly to earn good profits in future.

[aioc]

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.

Is it possible to bitcoin to drop to $1 again? what are the theories and how could it happen if this happen this could mean that people are dumping bitcoin for some serious problem if that is the case then it's time to invest on other altcoin..

[DodoB]

I'd stop coming to this board and try to forget since well there is no really point discussing a dead currency.

[1Referee]

I'd stop coming to this board and try to forget since well there is no really point discussing a dead currency.

You mean there is no point in talking about a dead currency when it drops to $1 or you find it already to be a dead currency? Either way, Bitcoin will only (temporarily) die when there is no power and/or no internet connection. Price doesn't matter in this case. Even if Bitcoin is worth only $0.10 then the technology itself is still running perfectly fine.

[squatz1]

Personally, i would wait in hopes of a price increase, otherwise it would not be worth selling.

[Cybertron00]

It depends on what is the reason why the price drops from $400 to $1 if that reason is not too serious  I am going to buy plenty of it and wait until the price rockets so I can earn much.

[Text]

The changing of bitcoin's value is not reasonable because its very common. May be when it reach that amount, I would try to buy BTC with my earned coins lately, hold then wait to rise again. The up and down of price itself is natural, even it reduce it will still increase.