If bitcoin dropped to $1, what you do?

[lumeire]

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.

It'll be dead, like a serious security flaw for people to lose confidence in BTCBTCBTC. So yeah, we must move on.

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[maxj57634]

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.

It'll be dead, like a serious security flaw for people to lose confidence in BTCBTCBTC. So yeah, we must move on.

Yeah moving on and finding a new crypto that will give us money while we are doing trading and some micro tasking,if bitcoin reach that then satoshi failed in his project.

[23dzmaz]

If bitcoin dropped to $1, i think no more people will use bitcoin and i will stored it and hoping maybe someday the price will back up to $500 for each bitcoin.

[mynameisdon]

if bitcoin price drop to 1$,it must be any reason behind that. like technical problems, attacked on encryption system... etc.so its still risky to buy high amount. but still i will buy 500$ btc for future price increasing.because one day btc system will alive soon again in such types of Case.

[Amph]

buy 10k at least, and wait for the enxt pump, but this will seriously wreck the whole mining security, unless it least for few days

i think miners can face a heavy tanking in the price if it happen once and for a very short time frame, they are in a huge +EV at the moment

[coinpr0n]

Well, I believe pretty firmly that that will simply never happen. Even just the novelty of owning tokens from the very FIRST cryptocurrency, they will all be scooped up waaaay before hitting $1.

[bitdumper]

Miners will exit, no confirmation for hours, days, diff will drop. Then I will mine mining mining and storing. wo hooooo. Price will increase, I will become rich.

[martha5dool]

normally we try to buy more when bitcoin price goes down. because there is high chance of bitcoin price go high. so buying is obvious. but if bitcoin price goes down as 1$ and no chance for getting up, then I'll quit bitcoin.

This will never happen.

[KenR]

The post is too much Hypothetical to contribute too.I wonder if someone in the past would have ever predicted ,if the bitcoin crosses over 400+.That would turn out to be true,and hence this post is somewhat relevant.
If bitcoin has the potential to bounce from 400 to 1,then the chances of this happening vice versa are even more.I'd simply HODL my coins.

[safari88]

I would buy as much as possible and then hold it. maybe it could go back to $1000 as when the initial bitcoin

[Betwrong]

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.

Yep, that's exactly what I would do. Unfortunately ( or fortunately idk) this will never happen. There are a lot of smart people who start buying when Bitcoin drops just a bit and that's why there is no chance Bitcoin will drop below $390 ever.

[elobizph]

if that happen I will buy 1 coin and store it on my wallet and I will treasure it like a beautiful remembrance and someday I will tell a story to my child that my child did you know that this coin has a value of $1000 when I was young .

[KenR]

if that happen I will buy 1 coin and store it on my wallet and I will treasure it like a beautiful remembrance and someday I will tell a story to my child that my child did you know that this coin has a value of $1000 when I was young .

That is kind of a little off topic there...I don't remember bitcoin having a value of $1000 till date.Maybe in near future,too soon to make that statement.

[sotisoti]

Very unlikely, but I will buy more if it happened..

[btcltccoins]

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.

Firstly, you should know that time will not come because now bitcoins have alot achieved the top, so bitcoin will not come down.
Secondly, if you imagen  that bitcoin is a dollar, then i think 60% people will buy it, and 40% people will not take interest in it.

[hasiramasenju]

if bitcoin back again to $1 i guess nothing you can do unless leave bitcoin forever because the prices will not worth again to save bitcoin for long term because i'm pretty sure that people using bitcoin because they want to get advantages from that

[Herbert2020]

it will never happen because there is always enough use for bitcoin so people would buy it which makes demand and will keep the price up, besides if the price would have gone down to even $300 i would start buying up as much as i can let alone $1

[Aggressor66]

I personally believe in Bitcoin potentiality, but this kind of numbers makes people and potential investors very skeptical in all bitcoin as a ecosystem.
I personally find damaging for Bitcoin reputation to predict such values.
Actually bitcoin in an emerging technology, maybe in 5 years there will be an enhanced blockchain or something totally new.

[michietn94]

That's very terrible news if that happen. I really can't imagine my investment that I've been with over a year become worthless.
But still I can't do nothing since everything can happen because bitcoin being control by 1 aspect , the story will be different if this happen to US dollar that being controlled by each aspect

[randy8777]

it's very simple. if the price drops to $1 then i will buy as many coins as i can and save them up for a very long time. i will definitely not buy another coin.