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Author Topic: If bitcoin dropped to $1, what you do?  (Read 98136 times)
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May 05, 2016, 06:17:48 PM
 #561

bitcoin much to change my life, I have always asked for money to my family, but since it is rarely bitcoin know I do, so although the price dropped to $ 1 bitcoin I would still look for
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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May 05, 2016, 06:36:58 PM
 #562

I really doubt that Bitcoin can go as low as $1..just because the demand would be so high it is really impossible to go that low..
but I`m really looking forward to buy @$1 Cheesy
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May 05, 2016, 06:38:16 PM
 #563

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.

But I think there will be much less people who will buy bitcoins, and only those people will buy who will have some extra money and who did not faced any lose in bitcoin price drop.
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May 05, 2016, 06:39:15 PM
 #564

bitcoin much to change my life, I have always asked for money to my family, but since it is rarely bitcoin know I do, so although the price dropped to $ 1 bitcoin I would still look for

Yes and I don't think that bitcoin will fall that low in recent times but if falls then it would be an great opportunity for us to buy some coins for future.
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May 06, 2016, 10:01:05 AM
 #565

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.

but how is it possible if bitcoin prices drops to $1, they would still believe in bitcoin? and I think not only bitcoin, all altcoins will also be destroyed if bitcoin drops to $1.

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May 06, 2016, 10:16:35 AM
 #566

I would just hold it and wait as you really couldn't lose more than a couple of dollars after it reaches such a low price. I definitely wouldn't invest in ETH as I had some bad experiences with it before.
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May 06, 2016, 10:28:30 AM
 #567

I would just hold it and wait as you really couldn't lose more than a couple of dollars after it reaches such a low price. I definitely wouldn't invest in ETH as I had some bad experiences with it before.

I will simply continue to keep on buying more coins if the price falls that low, but I don't think that bitcoin will fall that low ever in future.
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May 06, 2016, 01:15:28 PM
 #568

The chance is really small that it can be that low because as you can see now you see also that the value is going to rise slowly now and that is perfect for the most people with Bitcoin.
Because the chance that they can earn some money with it is now high.
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May 06, 2016, 01:28:29 PM
 #569

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 would really buy as much as i can because  bitcoin had that small and even smaller price some time ago and look at the price right now, 450$, so that is a lot and i am sure that it would rise again so i would buy as much as i can

but if it would be something really bad for bitcoin like nobody accepts them anymore and such, then i would buy other currency, etherium or litecoin probably as they are pretty good ones

 
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May 06, 2016, 02:01:54 PM
 #570

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 would really buy as much as i can because  bitcoin had that small and even smaller price some time ago and look at the price right now, 450$, so that is a lot and i am sure that it would rise again so i would buy as much as i can

but if it would be something really bad for bitcoin like nobody accepts them anymore and such, then i would buy other currency, etherium or litecoin probably as they are pretty good ones

Same as i to if bitcoin really drops to 1$ well its time to buy more btc for me and i beleive it will bounce back maybe history will repeat itself and gain again its price so that in future i can earn profits for buying at low price maybe there are people will lose hope because the price of that state is dying.


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May 06, 2016, 03:12:58 PM
 #571

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.
I agree with you not too much to speculate about bitcoin prices will go down to $ 1. I would say it would be impossible for a few decades bitcoin continues to grow so impossible to stalled halfway because any little thing. bitcoin always get past the big thing. I think it will not drop below $300
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May 06, 2016, 03:27:04 PM
 #572

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.
I agree with you not too much to speculate about bitcoin prices will go down to $ 1. I would say it would be impossible for a few decades bitcoin continues to grow so impossible to stalled halfway because any little thing. bitcoin always get past the big thing. I think it will not drop below $300


Yeah bitcoin will never go below $300 in future so we will never see that bitcoin will follow to $1 in future as that seems to be impossible.
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May 06, 2016, 04:06:30 PM
 #573

much would depend on the reason why the price would drop that much.
if the cost of mining bitcoin would still be higher than that, it would make sense to buy more in expectation that the price will rebound soon.

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May 06, 2016, 04:10:16 PM
 #574

much would depend on the reason why the price would drop that much.
if the cost of mining bitcoin would still be higher than that, it would make sense to buy more in expectation that the price will rebound soon.

if the price drops to $100 it's still possible, but I do not think that bitcoin will down to $1. This is likely to cause bad things.

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May 06, 2016, 04:12:52 PM
 #575

I will buy bitcoin if it dropped 1$, but i am doubt about that because today bitcoin become famous and many people use bitcoin.
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May 06, 2016, 04:35:01 PM
 #576

I will buy bitcoin if it dropped 1$, but i am doubt about that because today bitcoin become famous and many people use bitcoin.
it makes sense. if so many people using bitcoin, maybe the price will come down. and if the price dropped to $ 1, maybe I will buy it and may also bitcoin become more readily available in large quantities

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May 06, 2016, 04:37:06 PM
 #577

I will buy bitcoin if it dropped 1$, but i am doubt about that because today bitcoin become famous and many people use bitcoin.


Many of us will continue to buy bitcoin even if the price falls that low, so I will do the same but I am pretty sure that it will never go that low.
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May 08, 2016, 11:26:43 PM
 #578

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.
nope i think for the price under $ 390 is very likely to occur. What you forgot a couple of months ago we had dropped in price and waited a long time for a ride. and in 2015 and priced under $ 390 are common.
so this proves that the $300-$500 price is very likely to occur in the velocity of bitcoin prices
btccashacc
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May 08, 2016, 11:34:11 PM
 #579

I will buy bitcoin if it dropped 1$, but i am doubt about that because today bitcoin become famous and many people use bitcoin.
i doubt bitcoin would be droped to 1$, but if it happened i dont think that price would be up again, it must be fatal if the price like that then people will lose faith in bitcoin, they're not interested in bitcoin anymore and the price will be stuck and sooner or later will be die
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May 08, 2016, 11:43:33 PM
 #580

BUY ALL THE BITCOINS  Tongue
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