If bitcoin dropped to $1, what you do?

[rickadone]

Kill myself, then revive and rage purchase lots of BTC and pray.  

But if it reached to that amount I don’t think that it will come back again as with that a lot of people would have lost their money in bitcoin and they will never ever again deposit their money in bitcoin so do not think like that.

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[Watercooler]

I don't think this will ever happen, but if it would, then I would buy 500 BTC 

[Pkzone]

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.

Buying and selling bitcoins is useless.
There are reasons why Bitcoin prices go up and down, it may be due to some miner rage, it may be due to some underlying currency price fall, I actually don't care.
I just care about Bitcoin existance, 1 BTC will ever be 1 BTC regardless of Bitcoin prices, none can change that.

[jossiel]

I have nothing to do but to stop using bitcoin since I did not even invest a single cent from real money. It is okay for me and I have nothing to do with it or I will still collect more hoping for a price back.

Every user who really know the true nature of bitcoin try to collect as much possible as quoted by the above mate. Bitcoin has grown to peak from $1. So in future if price falls to $1 surely increase will happen.

Definitely these statements were right. If bitcoin drops to $1 then probably it is the best time to purchase more btc because surely it will increase again.

[uname]

if bitcoin drop to 1dollar, i will hold, hold and hold.

for what hold a coin that is not valuable? I am sure that bitcoin already are at stake
and there will probably evolve again. if it has been touched in the price of $1

[FabioDelcatto]

The chance is really small that it can happen because the value keeps stable for a long time and maybe it would be also more worth later so that would be nice.
But if that is going to happen than there will be a lot of people that is getting poor I think.

[ObscureBean]

I think 99% of Bitcoin holders will have bailed out by the time it reaches the $1 floor price, especially if the descent occurs over a long period of time. Only hardcore fans (and of course dreamers) will be left in the game. I estimate chances of a full recovery to be pretty low at this point because Bitcoin's credibility will have been permanently tainted.
Still, I would probably buy 50 - 100 Bitcoins just in case 

[salmanahmedone]

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.

I wish the day will come because than i will buy a lot of bitcoins, and than i save my bitcoins and wait for a good time when the price of bitcoins will reach at least 700$ than i will sell it. but i know the dream never come true.

[senyorito123]

I think 99% of Bitcoin holders will have bailed out by the time it reaches the $1 floor price, especially if the descent occurs over a long period of time. Only hardcore fans (and of course dreamers) will be left in the game. I estimate chances of a full recovery to be pretty low at this point because Bitcoin's credibility will have been permanently tainted.
Still, I would probably buy 50 - 100 Bitcoins just in case 

Maybe you have some point with that but i could say many wi take this oppurtunity to buy more bitcoin and leave it in their wallet in years as same as what they did for past people who buy bitcoin at cheap price and now became millionaires people will come and buy and buy more because many will believe that bitcoin will bounce back as history said, bitcoin has many downs but still survive in terms of crisis.

[Dewi Aries]

did it will need a few years more to get back at $300-$400 if bitcoin back to $1 , and many people that already loss must wait at that time to get their money back, it will be very hard to rise again

[TastyChillySauce00]

did it will need a few years more to get back at $300-$400 if bitcoin back to $1 , and many people that already loss must wait at that time to get their money back, it will be very hard to rise again

no if so many people buy bitcoin and expecting for price rise,the demand will be more than supply which affect the price and it'll rise a lot
that's simple,and i'm sure the price will recover back to ~200$ as people expected from buying a bitcoin

[ObscureBean]

I think 99% of Bitcoin holders will have bailed out by the time it reaches the $1 floor price, especially if the descent occurs over a long period of time. Only hardcore fans (and of course dreamers) will be left in the game. I estimate chances of a full recovery to be pretty low at this point because Bitcoin's credibility will have been permanently tainted.
Still, I would probably buy 50 - 100 Bitcoins just in case 

Maybe you have some point with that but i could say many wi take this oppurtunity to buy more bitcoin and leave it in their wallet in years as same as what they did for past people who buy bitcoin at cheap price and now became millionaires people will come and buy and buy more because many will believe that bitcoin will bounce back as history said, bitcoin has many downs but still survive in terms of crisis.

Yes, Bitcoin has dropped to around $185 before but dropping to $1 is a crash on a completely different level. Who will want to store their wealth in Bitcoin after that? Bitcoin is doing well right now and still the vast majority of people will not consider for a second converting their hard-earned savings to Bitcoin. Imagine the level of trust the masses will have in Bitcoin if it goes from $450 to being worth $1.

[Hazir]

Bitcoin is volatile, extreme volatile. But even fluctuation of bitcoin has its borders. I am convinced that we won't ever see bitcoin price lower than $100 at this point.
There is no way that with our current market cap and all bitcoin startups, companies and services bitcoin price could go as low. If someone is telling you otherwise - he is just being paranoid.

[Digital_Lord]

Bitcoin is volatile, extreme volatile. But even fluctuation of bitcoin has its borders. I am convinced that we won't ever see bitcoin price lower than $100 at this point.
There is no way that with our current market cap and all bitcoin startups, companies and services bitcoin price could go as low. If someone is telling you otherwise - he is just being paranoid.

but bitcoin is unpredictable, Right? everything can happen with bitcoin. it is seems  hard for bitcoin to drop its price but not impossible. I hope it won't happen in future. but if it happens I think it won't affect usage of bitcoin. just like dollar.

[NewBet]

How in this world that bitcoin could dropped to $1 dollar ? If this really happen, that must be a big serious problem about bitcoin and i don't think bitcoin will raise again.  So basically it's worthless

[senyorito123]

How in this world that bitcoin could dropped to $1 dollar ? If this really happen, that must be a big serious problem about bitcoin and i don't think bitcoin will raise again.  So basically it's worthless

Yes and thats not possible because the fate of bitcoin is in depends of user and if all the user do panic selling well i thinl its the end of bitcoin and drops the said price and other will that oppurtunity to buy more bitcoin because bitcoin had potential bounce back to its price as history says, i really relay on bitcoins history thats why i believe on bitcoin and benifits of it.

[Xenophoto]

How in this world that bitcoin could dropped to $1 dollar ? If this really happen, that must be a big serious problem about bitcoin and i don't think bitcoin will raise again.  So basically it's worthless

There's a little possibility in the far future that an alt coin will replace bitcoin. We might not see it right now but there's still a chance that it happens.

Once bitcoin dropped its price to 1$ from 440$, then that simply means that people are dumping all their bitcoins and are switching to another crypto-currency. I might as well dump my bitcoins at that time before it becomes completely worthless.

It's either an alt coin will replace bitcoin or bitcoin will be stronger than it was.

[ingenuity]

I will buy bitcoin as many as i can, Im sure it will.go up after 1$ rollback price

[Theare 1]

I will buy as much as I can and keep my fingers crossed for the return of the Jedi.

[martinacar]

I would aready stopped with using the bitcoin to be honest when this would happen, luckily most likely this will not happen at all in my eyes.
Its unbelievable to be honest that it would go to this amount.