If bitcoin dropped to $1, what you do?

Quote from: lumeire on April 16, 2016, 06:15:16 AM

Quote from: Wendigo on April 16, 2016, 05:49:38 AM

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 it looks like there is no hope for bitcoin when the price dropped to $ 1. certainly there will be another that replaces the crypto currency. yeah we must move on if that happen

Quote from: Monnt on April 16, 2016, 12:09:21 AM

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.

same here ill take this opportunity to buy more bitcoin and wait for the best.

I would buy bitcoin with all the money I had. I know because bitcoin future will continue rising over 1USD. I would be very rich.

I'll buy it as much as I can.
When bitcoin drop to $1, many people would buy it, so there's high demand for bitcoin, and that makes bitcoin price goes up again.

I think many people will see it as the opportunity of their life when the price goes down very low to $1.

But I also think a lot people will lose faith in Bitcoin when it happens. The money flowing out of Bitcoin will try to find its destination into other coins most likely. If this is indeed the case, then I think Litecoin will get a massive boost and increase in value x10 in a very short time.

I would buy atleast 10 bitcoins and wait to see if the price rises. I believe that bitcoins can anytime rise and drop but I hope it doesn't create a chaos in the market and die soon. I wouldn't lose hope if it drops but wouldn't even dump my coins at that rate.

Quote from: erikalui on April 16, 2016, 12:22:06 PM

Good answer +1

Quote from: Digital_Lord on April 16, 2016, 02:02:10 AM

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.

it is the normal choice. it is basically when the bitcoin prices plummeted, surely people will buy bitcoin with significant amounts and it could make the price of bitcoin back into riding, but I somewhat disagree with you when the price of bitcoin to $ 1 for 1 bitcoin. I would still be looking for him. however, the money scattered on the internet friends

Quote from: sulendra12 on April 16, 2016, 12:24:05 PM

Quote from: erikalui on April 16, 2016, 12:22:06 PM

Good answer +1

really?! you realize that 10BTC in this scenario would be worth $10 right?

i feel like what he is saying is contradictory, for me if it goes to that low i would buy at least a couple of hundred bitcoin because it would be like 2009 or apple share worth only $1

Well, I believe that won't be happening. But if it really happened, I will definitely buy as much as I can because I believe the price will rise up again in no time.

Quote from: Monnt on April 16, 2016, 12:09:21 AM

Yeah just as you say that it will never happen. Well if that happen I don't think that it's reasonable to buy it since it already go to a price where it started. And buying altcoin would isn't a good thing too since altcoin's usually depends on bitcoin's price.

if it dropped to a dollar each i wouldnt bother selling what i have because it would be pointless but i wouldnt bother buying anymore either. If it hits a dollar per coin then its glory days are over and wont be coming back Sad

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If bitcoin dropped to $1, what you do?

i think it will not change much my life...(lol)

I think that you can then claim for 420 times more satoshi on faucets.

if will drop to 1$ i will start buying over 1000 bitcoins, and sell once get 1,5$ bitcoin

Well, if such bad scenario ever happen, it will be really meaningless to sell something for 1 $ what I bought before for 300 $ or more

But, it sure that I will not wait that something like this ever happen to me.
If I see clear trend that Bitcoin loosing value and that some other virtual currency replacing Bitcoin, I will for sure sell part of my BTC and invest in this other virtual currency.
It's old saying: ''Never put all eggs in the same basket''.

if bitcoins dropped to $1 and increased back up to the normal rates I would first buy about 40 btc and save it then once the price goes up I will buy this established business worth $15k which is roughly about 35.9 btc and when it comes to loans I won't have to ask because I already had btc at a low price of $1 and now Its gone up to the normal rate so it would be cool if something like this could happen.

Sell everything much before the $1 level, at a decent price.

Buy $20 of BTC just in case of a recovery or if it turns out to be like old computers that are worth lots of money if they are working.

Don't look back, except once in a while to check the price

I would purchase as many coins as i possibly could afford and then wait and see what the price does. If the price moved up i would sell a small portion to make some gains and then continue trading with the newly realized gains.

Quote from: rababo on April 16, 2016, 11:20:35 AM

I'll buy it as much as I can.
When bitcoin drop to $1, many people would buy it, so there's high demand for bitcoin, and that makes bitcoin price goes up again.

But if the price drops to $1, it will cause a huge loss for those who have invested in this currency and they wouldn't sell their coins at this rate if they have bought it now. There would be too many buyers then while those who already have bitcoins would keep holding them.

With Bitcoin being this volatile already.. I would buy a few thousands { 10 000 } and then wait for it to bounce back to $5 or $10 .... If I sold half of that, I would still have

enough to speculate and trade and I would have made a hansom profit. Many people were not around, when Bitcoin were valued at those prices and they were not even around

when it reached $1000+ { If you were, you would most probably be sitting on a island somewhere sipping Mojito's and laughing at the fools trying to make a few Satoshi on

faucets. } Roll Eyes