If bitcoin dropped to $1, what you do?

[ultimatesky]

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.

If the Bitcoin price was one dollar I would buy so many Bitcoins. Everyone would invest their money into Bitcoin. But we all know that the price is never going to be so low.

Yeah I would do the same thing. But if the Bitcoin price was one dollar something should be wron with Bitcoin. But I would still buy Butcoins if the price was so low I just cannot let that opportunity go. 

[dhimasnk]

bitcoin drop to $ 1? I'll leave before the price drop to $1

[AsaroUk]

That is not possible now around this time but if it will happen than there will be a lot of people that will stop using Bitcoin and that is quite logic because you are losing money.
And the reason why people has bought Bitcoin is that they want to earn some huge profit with Bitcoin.

[pedrog]

Whatever causes that I hope I'm the first one to see and dump my coins early, such an event will be beyond catastrophic.

[MaritiJames3]

I would be shocked if I turned my computer on and saw that the price of a Bitcoin was one dollar. I would not immediately buy but wait and see what the reason for this is.

[arwin100]

That is not possible now around this time but if it will happen than there will be a lot of people that will stop using Bitcoin and that is quite logic because you are losing money.
And the reason why people has bought Bitcoin is that they want to earn some huge profit with Bitcoin.

Yeah right many people will stop and find alternative coins because if bitcoin will drop to 1$ they will surely stop its very hard to earn bitcoin and value is so little. Then thats not worth for effort,time and electricity and massive dump will be happen to all stakers and that is the delimna for bitcoin and it will die

[Mr. Big]

Whatever causes that I hope I'm the first one to see and dump my coins early, such an event will be beyond catastrophic.

yeah, if the drop is drastic, for sure there is a big reason and might not be good to continue with bitcoin...But if it happens little by little, I think it has something to do with the users, which might see bitcoin as failure and started to leave one by one...

[sirohige]

sell my house, motor, computer dekstop, smartphone for buying bitcoin and all in in bitcoin 

[Text]

If that would happen then I will quit. The main reason why I got to know bitcoin is the value itself currently.
But if there are still offers or promotions to earn bitcoins then I will continue keeping it and wait the time to increase the rate again.

[Greenenergy]

If it ever drops to this level, for sure I'll sell everything I have (PC, cellphone...) to buy as much as I can, because it will increase back in a matter of hours or days. However, that's just a dream, because it will never reach this point back.

[pereira4]

If that would happen then I will quit. The main reason why I got to know bitcoin is the value itself currently.
But if there are still offers or promotions to earn bitcoins then I will continue keeping it and wait the time to increase the rate again.

I think it's unrealistic that this will ever happen so there's no need to worry, but if it happened I would not quit. If it was any other asset, then I would call it wrap, but with Bitcoin, you never know what's going to happen. As long as 1 node exists, the network is alive, therefore is valuable and it can rise from its ashes at any time. Even if it went to 0, it would not mean it's game over.

[beerlover]

i will buy as much as i can and then wait for the prize to go up again

Yap and most people who knows about bitcoin will do the same, then there will be a huge pump on the market if many people buy it. For me it sound simpossible that it will falling dow to $1, but if it is happen I will not be so greedy to buy many bitcoins. Just spend my money that I can afford to lose..

Currently there are large number of people who have already bought a large number of bitcoin and have hold them in their wallets , so if the price came to $1 then they all will lose their money, and at that time no one will be ready to buy once again to lose teir money once again.

[KennyR]

If it ever drops to this level, for sure I'll sell everything I have (PC, cellphone...) to buy as much as I can, because it will increase back in a matter of hours or days. However, that's just a dream, because it will never reach this point back.

That would never happen. If someone creates a time machine to go back to those days of bitcoins price at $1, as mentioned he gets the opportunity to sell all his belongings and buy large volume of bitcoins.

[bitcoinboy12]

If it ever drops to this level, for sure I'll sell everything I have (PC, cellphone...) to buy as much as I can, because it will increase back in a matter of hours or days. However, that's just a dream, because it will never reach this point back.

That would never happen. If someone creates a time machine to go back to those days of bitcoins price at $1, as mentioned he gets the opportunity to sell all his belongings and buy large volume of bitcoins.

If and only if this happens. I still don't think it would be wise to sell everything and buy all of your money, Bitcoins. If this happens. That would surely tell something wrong is actually going on.

[Bitguybillionaire]

I would buy a bunch, and sell when the price rises

[ultimatesky]

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.

If I saw that the Bitcoin price was $1 I would be shocked but I would buy so many coins. Every Bitcoin user would buy more coins then they have ever bought.
But we all know that this is not going to happen ever.

[ajun96]

I would just watch how panic and fear is spreading around  
I will not buy at such low price, when it will happen it will happen because of some reason. Without knowing excatly why it`s not possible to say.

Of course panic selling will occur before the price becomes $1. Sure everyone is trying to sell all their bitocin when the price falls below $ 100. if no one wants to save bitcoin they Think just save their money by selling. then I would think bitcoin would die on the spot

[umaOuma]

I would just watch how panic and fear is spreading around  
I will not buy at such low price, when it will happen it will happen because of some reason. Without knowing excatly why it`s not possible to say.

Of course panic selling will occur before the price becomes $1. Sure everyone is trying to sell all their bitocin when the price falls below $ 100. if no one wants to save bitcoin they Think just save their money by selling. then I would think bitcoin would die on the spot

Majority of us will sell their coins by thinking that bitcoin willl not rise again, but still if the price is $1 I would prefer to buy some coins and hold it without thinking of the future.

[ATguy]

I would just watch how panic and fear is spreading around  
I will not buy at such low price, when it will happen it will happen because of some reason. Without knowing excatly why it`s not possible to say.

Of course panic selling will occur before the price becomes $1. Sure everyone is trying to sell all their bitocin when the price falls below $ 100. if no one wants to save bitcoin they Think just save their money by selling. then I would think bitcoin would die on the spot

Without real reason panic selling alone cannot go to as low as $1, because so many people buying well above this price. The only possibility to go to $1 is for example if the Bitcoin cryptography become broken.

[Note_spark]

If that happens i will buy as much as i can. I don't have big amount of bitcoin right now, so, i guess i won't get worried if that happens. 
It's unlikely to happen though, maybe if all of bitcoin user will sell, there's a chance that it could happen.