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Author Topic: If bitcoin dropped to $1, what you do?  (Read 98136 times)
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May 01, 2016, 11:22:54 PM
 #461

Quit. I don't think there's gonna be much coming back from that type of level. Maybe there'd be a few death rattles. I ain't hanging around to see them.
If the price drops down to $1, then there must be a better alternative that has more potential than bitcoin. Clearly at that point, something terrible must have happened to bitcoin which makes it unusable and unwanted. The demand must be next to none, and that would be reflected in my options. Those who would still buy would just be suckers, and bitcoin would turn into that of a shitcoin. Pumped and dumped to eternity.

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May 01, 2016, 11:38:38 PM
 #462

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.
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May 01, 2016, 11:59:27 PM
 #463

It depends on the reason it dropped. If it dropped because of something that i feel permanently damaged bitcoin forever, then i would just hold and hope it goes back up. If i feel bitcoin could recover, i would buy some, and if i see a steady increase, buy a bunch.

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May 02, 2016, 01:38:39 AM
 #464

If bitcoin dropped that far down, I'd get straight out. The only time ever when bitcoin was that cheap when it was just getting off it's feet. A price drop of this magnitude ($500 to $1 is terrible.)

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May 02, 2016, 02:07:32 AM
 #465

Never sell any.
I will not give up on bitcoin even if it dropped down to $0.50 when I first could of bought some.  Grin

Much better to buy bitcoins if it's price dropped down to that amount.

I will definitely buy more bitcoins that time because I believe bitcoins is now stable and has great potential becoming number 1's online currency.



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May 02, 2016, 02:22:28 AM
 #466

Buy MOOOOOORE!!!
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May 02, 2016, 07:24:32 AM
 #467

Buy MOOOOOORE!!!

Haha, yup, buy 2-3k and wait for the rise. However, this cannot happen, not possible. Unless there s some major glitch in the code. In that case I would do nothing, just write off the loss.

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May 02, 2016, 07:51:13 AM
 #468

If bitcoin dropped to $1 then I will buy thousands of bitcoin because I believe bitcoin is a good investment and at price of $1 it will best thing to invest in the whole world.

I don't think that Bitcoin dropped to 1$ at least in our nearest future, but if this happened i agree with you that it will be a great opportunity to buy thousands of bitcoins, because the price will increase then surely.
If Bitcoin is going to drop to that low than you can see that the value is going to be lower and many people will stop use it because they are losing a lot of money.
And that would be the baddest thing that can happen to the currency.
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May 02, 2016, 08:44:40 AM
 #469

If bitcoin dropped to $1 then I will buy thousands of bitcoin because I believe bitcoin is a good investment and at price of $1 it will best thing to invest in the whole world.

I don't think that Bitcoin dropped to 1$ at least in our nearest future, but if this happened i agree with you that it will be a great opportunity to buy thousands of bitcoins, because the price will increase then surely.
I Agree with first option not with second one.. bitcoin price will never drop to 1$. but if it happens then it means bitcoin is almost dead. and buying bitcoin is just a stupidity that time when bitcoin price dropped to 1$. better to trade in dollars. buying selling Dollars better then buying bitcoin that time.

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May 02, 2016, 09:11:54 AM
 #470

If the Bitcoin price would drop to $1 that would without a doubt shock me. I would first find out why the price is that low because it is not happening without a reason.
I am not even sure if I would buy then because how long would it take for the price to go up if it was $1.


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May 02, 2016, 09:49:37 AM
 #471

If the Bitcoin price would drop to $1 that would without a doubt shock me. I would first find out why the price is that low because it is not happening without a reason.
I am not even sure if I would buy then because how long would it take for the price to go up if it was $1.

You won't get the chance to do a research on the price fall, as the price would never go down to such a low value. In my opinion Only the price will be down till $350 not exceeds that.

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May 02, 2016, 10:00:31 AM
 #472

guess i would buy like 100 btc at that price without losing a fortune if i lose it , and if it goes up again i would be a happy man Cheesy.

Nope it won't bro! I would get a lot more Bitcoin if that ever happened because then the whales would all do the same and buy more.
Since everyone here wants to buy bitcoin in thousands at this rate,I am confident bitcoin will never fall that below and even if it does,it would be for a very short period as everyone will start buying

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May 02, 2016, 10:05:58 AM
 #473

Buy the best you can, and store it, wait for at least 10 years before selling it,, and you will be millionare at that time
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May 02, 2016, 10:07:50 AM
 #474

Buy MOOOOOORE!!!

Haha, yup, buy 2-3k and wait for the rise. However, this cannot happen, not possible. Unless there s some major glitch in the code. In that case I would do nothing, just write off the loss.

Do not buy so much, because you will not make a profit when the price of bitcoin really down to $1, because this is the point of collapse of bitcoin.
if it really happened, but I will never believe that this will happen.
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May 02, 2016, 03:20:19 PM
 #475

I don't think this will ever happen, but if it would, then I would buy 500 BTC  Grin
means you're going to throw $500 with useless? you try to look around before trying to use bitcoin again dude ? when the price of bitcoin have been in the second second death. because people may be a little afraid to go back to the bitcoin. I'm sure there will definitely be traumatized. if bitcoin will drop to $ 1 back if later bitcoin can survive. I hope that $ 1 does not occur
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May 02, 2016, 05:02:28 PM
 #476

I don't think this will ever happen, but if it would, then I would buy 500 BTC  Grin
means you're going to throw $500 with useless? you try to look around before trying to use bitcoin again dude ? when the price of bitcoin have been in the second second death. because people may be a little afraid to go back to the bitcoin. I'm sure there will definitely be traumatized. if bitcoin will drop to $ 1 back if later bitcoin can survive. I hope that $ 1 does not occur


I think that is not useless, its all about investment and trading. Whenever there is a price drop.
Surely after an hour , day, month it will rise again. But this is impossible to happen that it will
drop into $1.

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May 02, 2016, 06:21:13 PM
 #477

Buy MOOOOOORE!!!

Haha, yup, buy 2-3k and wait for the rise. However, this cannot happen, not possible. Unless there s some major glitch in the code. In that case I would do nothing, just write off the loss.

Do not buy so much, because you will not make a profit when the price of bitcoin really down to $1, because this is the point of collapse of bitcoin.
if it really happened, but I will never believe that this will happen.

It depends on if the bitcoin still has hope, if it does not, I will sell before it touches $1. If it does, I will buy a lot.
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May 02, 2016, 07:12:02 PM
 #478

As long as there are bitcoiners supporting this it will not disappear immediately. Maybe the time will come that something will replace it but not for now, it will be many more years would elapse. Bitcoin still on its current trend.

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ZOOM007
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May 02, 2016, 08:34:44 PM
 #479

first this is never gonna happen but is happens that BTC cost drops to $1 then ithink the bitcin will be shut down and if not then members will wait to increase the cost of bitcoin.
but what ever the reason this ondition is never gonna come so no possible.
sishendaoye
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May 02, 2016, 09:23:33 PM
 #480

I think the most of us would stop using the bitcoin and I also would do this because I think the bitcoin cannot be saved on that moment.
No one knows what is really gonna happen of course but I think if it hit such a number everyone would already be gone by that time.
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