If bitcoin dropped to $1, what you do?

[sirohige]

I would buy lots of bitcoins than and wait to raise again, although i think its impossible for bitcoin to drop that low...It can only raise. And it is raising!

It's very unlikely at the moment but it is not impossible. If there are some serious tragedies that has happened then surely it would affect the majority of bitcoin users and the bitcoin price itself. If bitcoin's price dropped to 1$, it's very likely that everyone is panic dumping their coins.

A little impossible but there's a chance that it could happen...But I always do think that when we reach that point, there must have been a reason, probably a revelation, ban, or whatever that is acceptable and legal in real life that could cause the crash in price.. It's not worth it anymore to wait, it will gonna be a long time before bitcoin could stand again...

or maybe sathosi nakamoto sell his bitcoin and he go out from bitcoin, also microsoft ban bitcoin, all people left bitcoin muahahahhaa  

[JustDie]

first thing i would buy v.i.p  on here
secondly buy 3k bitcoin

wait until the price increased . then i am to  be a rich man  

[MingLee]

The simple answer would be buy, the more complex answer would be to figure out why.

If the price dropped to $1 because the community is dead, I would leave it too. There is nearly no way I would be able to sell my Bitcoin after I buy it. If it is at $1 due to someone really messing up a decimal place sometime in the future, I would definitely buy though. Easy money, easy life.

[Mr. Big]

I would buy lots of bitcoins than and wait to raise again, although i think its impossible for bitcoin to drop that low...It can only raise. And it is raising!

It's very unlikely at the moment but it is not impossible. If there are some serious tragedies that has happened then surely it would affect the majority of bitcoin users and the bitcoin price itself. If bitcoin's price dropped to 1$, it's very likely that everyone is panic dumping their coins.

A little impossible but there's a chance that it could happen...But I always do think that when we reach that point, there must have been a reason, probably a revelation, ban, or whatever that is acceptable and legal in real life that could cause the crash in price.. It's not worth it anymore to wait, it will gonna be a long time before bitcoin could stand again...

or maybe sathosi nakamoto sell his bitcoin and he go out from bitcoin, also microsoft ban bitcoin, all people left bitcoin muahahahhaa  

Oh that's worst than what I imagine..If he sell his work of art...But who will not be tempted with that big amount of money...If he sell his bitcoin, that would cripple the community much harder...

[BitcoinPC]

I don't think that the day will come, because now it is too late, how can bitcoin will come at $1? may be bitcoin will die but not come in this price.
but if it will be happened than i will buy bitcoins a lot of. 

[ZOOM007]

There must be a reason why bitcoin price is dropping from $400 to $1. If the reason is something really bad, then it will not even worth $1 per coins (such as the encrytion has been broken or the network is not functioning anymore...)

If it is not something that bad, and price will still able to rebound, then people will grap as much as they can before it even drop to $1.

[Supercrypt]

It's possible this will happen later today, i would wait till 0.00001 to buy a whole bunch just for fun and take a scresnshot, afterwards we won't be able to use them anyway.

And after that no one will be able to use bitcoin again and again no one will believe on it and will leave the field of bitcoin forever, and with that not only bitcoin but all other crypto currency wll also lost their places in people hearts.

[cryptmaster]

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 would actually buy more, because there is no way bitcoin will remain that price or at the worst drop more than that. So its win win to just buy more bitcoins.

[Betwrong]

I would buy more too but dropping to $1 we will never see in this Universe, maybe in a parallel one but not in this we are living now. I even doubt we will ever see below $390 because if BTC will drop below $400 people will start buying like crazy.

[betohell]

Would spend a hundred dollars on some and put it away for safe keeping,if it blows up again great ,if not oh well.
Its kind of crazy to talk about something dying though when most of us want to see bitcoin go to the moon.

it seems only a miracle if bitcoin could go back to the moon after death I think only people crazy people who want to turn something that is already dead. it is very risky

[chaosknight]

I would buy more too but dropping to $1 we will never see in this Universe, maybe in a parallel one but not in this we are living now. I even doubt we will ever see below $390 because if BTC will drop below $400 people will start buying like crazy.

Yeah people are waiting for price drop at a moment so that they can buy maximum coins before the halving occurs so that they can sell at higher price at halving.

[philipma1957]

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 have to say as it descended   from 450 to 400 . I would buy.  When it got to 300 I would buy again.  When it got to 200 I would buy again.  When it got to 100 I would buy again.

Same thing at 50.  Same thing at 25.  Same thing at 10. Same thing at 5 .   Lastly one more time at 1.



All actions above are based on the idea that the drop takes 10 days or so. With no apparent reason ie some one did not figure a way to hack the code and turn coins into  worthless junk.

I also think  100 was low enough for the ops question.

[darewaller]

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 have to say as it descended   from 450 to 400 . I would buy.  When it got to 300 I would buy again.  When it got to 200 I would buy again.  When it got to 100 I would buy again.

Same thing at 50.  Same thing at 25.  Same thing at 10. Same thing at 5 .   Lastly one more time at 1.



All actions above are based on the idea that the drop takes 10 days or so. With no apparent reason ie some one did not figure a way to hack the code and turn coins into  worthless junk.

I also think  100 was low enough for the ops question.

Dropping at 3's (<$400) would be considered low enough, considering that the price is curently stabilizing at $450. Depending on the situation and the trend, people will either dump or restock their supply. I'll just go with whatever is happening but of course, I'll do a little research myself.

[n0ne]

A lot dollars have been lost in gambling. So without thinking, whether the price will increase or not will continue to buy at least for some $1000.

[umaOuma]

A lot dollars have been lost in gambling. So without thinking, whether the price will increase or not will continue to buy at least for some $1000.

Yeah people keep on loosing bitcoin in gambling, so even if the price falls that low I will continue to keep on buying and will collect atleast 2000 coins.

[safari88]

A lot dollars have been lost in gambling. So without thinking, whether the price will increase or not will continue to buy at least for some $1000.

Yeah people keep on loosing bitcoin in gambling, so even if the price falls that low I will continue to keep on buying and will collect atleast 2000 coins.

means if bitcoin price drops to $1 and you will spend $2000 to buy 2000BTC. myself better not take this risk, because if the price drop to $1 , everyone will leave bitcoin and this will be the ruin of even being a scam haha

[peta4e]

A lot dollars have been lost in gambling. So without thinking, whether the price will increase or not will continue to buy at least for some $1000.

Yeah people keep on loosing bitcoin in gambling, so even if the price falls that low I will continue to keep on buying and will collect atleast 2000 coins.

means if bitcoin price drops to $1 and you will spend $2000 to buy 2000BTC. myself better not take this risk, because if the price drop to $1 , everyone will leave bitcoin and this will be the ruin of even being a scam haha

People who believes bitcoin truly will never leave the hope and will continue to buy as bitcoin has a potential to grow again in future.

[troleybüs]

If Bitcoin drops to 1$ it'll go back to 200$ so fast that I can't collect any cheap coins. Imagine the buy support if we see double digits. I'll try to buy all coins I can and I know a lot of people think like me.

[JumperX]

If Bitcoin drops to 1$ it'll go back to 200$ so fast that I can't collect any cheap coins. Imagine the buy support if we see double digits. I'll try to buy all coins I can and I know a lot of people think like me.

Yeah I feel the same as I will see it as an investment opportunity which can be 5 times more in future if bitcoin bounces back with a blast in future.

[Dekker3D]

If Bitcoin drops to 1$ it'll go back to 200$ so fast that I can't collect any cheap coins. Imagine the buy support if we see double digits. I'll try to buy all coins I can and I know a lot of people think like me.

Yeah I feel the same as I will see it as an investment opportunity which can be 5 times more in future if bitcoin bounces back with a blast in future.

It depends on what is the reason why it fell that low. If panic selling happened with no definite reason as to why then grab as many as I can otherwise, I'll grab some popcorn and watch the charts