If bitcoin dropped to $1, what you do?

[longbob72]

if the price of USD stays the same as it is now I'd quit.

the only other reason why the price of BTC1 would be equal to $1 is that it's dropping to zero. unless something happens that completely break bitcoin without a single doubt, it will never go down to $1. why? because there are people that would happily buy thousands of bitcoin for under $100. this would create a demand that will prevent bitcoin from going down to $1.

[Xenophoto]

This is a little unrealistic but let's just assume this happened. I think I'd hold onto my bitcoins and even buy some more. There's a possibility that after most people dump their bitcoin, the bitcoin's price will go high. I'd sell my bitcoins then when its price goes back to 400$.

[nostal02]

If bitcoin would drop to a dollar then i think its time to change ship and i will sell all my bitcoin before i hit the $1 mark,i would go to eth,lite or even dash.

[The Sceptical Chymist]

Yep, that's like asking Enron shareholders what would happen if their stock price dropped to $0.26.  And the only rational answer is that I'd be sitting on the double yellow line, naked with a rubber duckie and at that point I hope I'd already have sold everything and bought Worldcom.  Let the cops come, I don't care.

[Mr. Big]

If bitcoins price fall to $1 each, I would still stay with it since I am not buying or selling and I only have few coins on exchanges...But of course, I will leave if what we earn would still be satoshis and not bitcoin...In short, if payments on small jobs would not increase, I will definitely leave...

[puremage111]

At first, i will cry for sure, but then, it there's still hope on it, i will stock tons of it

[alisafidel58]

If bitcoins price fall to $1 each, I would still stay with it since I am not buying or selling and I only have few coins on exchanges...But of course, I will leave if what we earn would still be satoshis and not bitcoin...In short, if payments on small jobs would not increase, I will definitely leave...

Leaving will be only option left when that scenario happens because there will be no more profit to make with bitcoin and we are here because of profit.

[vero]

what is the reason bitcoin could fall to $ 1, which is actually never going to happen and if it is true I guess when prices touched below $ 200 have been many buy bitcoin as an their investment.

[jtipt]

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.

Selling is totally out of the question if btc drops to 1$ then my btc will be worth nothing. Buying more would be the best approach, because I don't think btc would fall any lower than 1$

[pooya87]

this is one of those hypothetical scenarios that is never going to happen just like the topic about what if internet goes down!
but even if bitcoin goes down i will never buy ethereum, no matter what the hyping bag-holders try to say it is not a good coin.

[DeDordtenaar]

If bitcoin would drop to a dollar then i think its time to change ship and i will sell all my bitcoin before i hit the $1 mark,i would go to eth,lite or even dash.

if the price of bitcoin very down or drop? what happened to the altcoin?
will die or have a higher price of bitcoin? but it seems that ETH has a bright future as bitcoin

[richjohn]

Well it is very lucky for us if it will decrease to 1 dollar. I will buy more and more and wait for it to increase again. It will be a very big opportunity for us.

[silentkiller]

Well it is very lucky for us if it will decrease to 1 dollar. I will buy more and more and wait for it to increase again. It will be a very big opportunity for us.

What if, bitcoin 1$  is decreasing and decreasing every single day, would you still buy  and buy more bitcoin. If thats the case, uhmm all i can say is bitcoin is dying.

[Rude Boy]

I will not do anything other than hold for increase in price. OR if i found any local traders in my hometown, i would buy some BTCs (Unfortunately, i cannot find any traders from my hometown even at localbitcoins.com ) and hold it for price increase.

[nanonymousx]

I will not average down, I lost money in stock market doing so.
I hope/wish bitcoin price will not decrease to one, but essentially, bitcoin just a number, nothing to back it up. OP makes me scared.

[GregH37]

This is a little unrealistic but let's just assume this happened. I think I'd hold onto my bitcoins and even buy some more. There's a possibility that after most people dump their bitcoin, the bitcoin's price will go high. I'd sell my bitcoins then when its price goes back to 400$.

$1 not possible, neither $1000 Possible. I think we should be realistic.
 Bitcoin price can range between 350$ to 550$.

[NeilLostBitCoin]

I will quit earning bitcoin and try switching to altcoins. But I think bitcoin will never go down.

[Wendigo]

If Bitcoin dropped to $1 I would most probably abandon the crypto coin and look for other alternatives. Such a severe crash would indicate massive hurdles in its adoption and once it has hit the ground I highly doubt the price will increase again as everyone will be pulling out of Bitcoin enthusiasts and speculators alike. Also a lot of people would have lost a lot of money so I guess no one would want to invest more.

[arwin100]

If Bitcoin dropped to $1 I would most probably abandon the crypto coin and look for other alternatives. Such a severe crash would indicate massive hurdles in its adoption and once it has hit the ground I highly doubt the price will increase again as everyone will be pulling out of Bitcoin enthusiasts and speculators alike. Also a lot of people would have lost a lot of money so I guess no one would want to invest more.

For me if bitcoin will go to 1$ i will also stop using bitcoin because it will be totally waste of time id we still continue to earn by that and also. No late night sleep anymore for me just continue another life and seek for alternative ways to earn.

[Devesh]

If bitcoin dropped to $1 I will surely buy more, but the demand today is huge, i doubt it will not dropped $1 again.