If bitcoin dropped to $1, what you do?

[BitcoinPC]

for me? spend a day fund of lunch (~$5) to buy 5 of them, because the price of bitcoin will soar fast once more people buys bitcoin.
lmao a little is enough, too much is a waste.

But IMO if the price ever dropped that low, that would mean there's another altcoin out there that has bested bitcoin, or a major security flaw.

Yeah definitely. I doubt the bitcoin price will ever drop that low, even if it does then it means there is a major flaw waiting to be fixed somewhere in the bitcoin system. However, this probably means that bitcoin has failed.

So yeah... Depends why the price is $1.

yeah it depends on the reason. but a reason that could drop the price from $570 to $1 doesn't exist and only a flaw that is also not fixable can do that which also doesn't exist.

also no altcoin can have such effect on bitcoin price as Monnt wants to believe, they can only be second at best.

Surely it cant happen. How can anyone believe that bitcoin will fall from 570$ to 1$ and that too suddenly. Not possible even in dreams.  Still if you want me to belive this and ask me what i do then ,  I can only say i would be in a state of a shock.

[Babayega31]

Well i will buy more and more bitcoins and i will leave it for years maybe the history will repeat and i will became millionaire also, and surely many people will do the same to knowing bitcoin died for so many times and it totally bounce back again and regain back its higher price again if it really reach to 1$ price.

[barbara44]

it did not seem possible. but if it does happen then I would buy the entire bitcoin with the money I milkiki in the real world. and I'm sure one day bitcoin prices will go back up again. it is very profitable.

haha yes I also see its totally impossible to me as the market of bitcoin has widely increased and now its impossible for it's price goes down to $1. If it would have happened, many bitcoin millionaires will get down to nothing left That should not happen.

[boyptc]

Well i will buy more and more bitcoins and i will leave it for years maybe the history will repeat and i will became millionaire also, and surely many people will do the same to knowing bitcoin died for so many times and it totally bounce back again and regain back its higher price again if it really reach to 1$ price.

Me too, I'm going to buy more and I will not let that opportunity just pass by. Because when bitcoin will going to that price for sure there would be a probably increase after it. And I don't think bitcoin will come to that price.

[pocarime32]

I'm surprised many people keep buying bitcoins even the price dropped to $1. I think it's not worth and so risky though, because i'm sure people already leaving bitcoin when dropped to $1.

[hermanhs09]

If bitcoin dropped to 550$ to 1$ lots of people will rage,quit,and abandon bitcoin. I will also abandon bitcoin and find another coin/coins.

It really depends. If bitcoin is still a perfectly functioning system and the price drop is solely because of a huge dump on the market, then rather a lot of people will start buying a lot of bitcoin, and the price will go sky high again.

But if there's some major flaw in the system, then everyone WILL abandon BTC. Highly unlikely though.

[boyptc]

I'm surprised many people keep buying bitcoins even the price dropped to $1. I think it's not worth and so risky though, because i'm sure people already leaving bitcoin when dropped to $1.

I don't think so they are going to leave, does buyers are the people that will make the price of bitcoin pump after it dumps.
So basically, people will just comeback when the price of $1 is going to rise after it's fall.

[awesome31312]

If Bitcoin dropped to $1, I would buy all the Bitcoins I can afford.

[andycarrol]

If Bitcoin dropped to $1, I would buy all the Bitcoins I can afford.

buy as much as possible it is a good choice, but remember that you have to play fast, like doing a fast trade. because it certainly will not last long, when the price increases will fall back

[awesome31312]

If Bitcoin dropped to $1, I would buy all the Bitcoins I can afford.

buy as much as possible it is a good choice, but remember that you have to play fast, like doing a fast trade. because it certainly will not last long, when the price increases will fall back

Oh absolutely, law of supply and demand. However, this post is based on a parallel universe

[Betwrong]

If Bitcoin dropped to $1, I would buy all the Bitcoins I can afford.

buy as much as possible it is a good choice, but remember that you have to play fast, like doing a fast trade. because it certainly will not last long, when the price increases will fall back

Oh absolutely, law of supply and demand. However, this post is based on a parallel universe

That's what I thought too. No way Bitcoin will drop to $1 before the Sun will drop on Earth. I'm pretty sure we will never see below $490 again. There are some things which are certain.

[Cryptonitex]

If Bitcoin dropped to $1, I would buy all the Bitcoins I can afford.

buy as much as possible it is a good choice, but remember that you have to play fast, like doing a fast trade. because it certainly will not last long, when the price increases will fall back

Oh absolutely, law of supply and demand. However, this post is based on a parallel universe

That's what I thought too. No way Bitcoin will drop to $1 before the Sun will drop on Earth. I'm pretty sure we will never see below $490 again. There are some things which are certain.

Wouldn't say never. I mean it could happen.

[boopy265420]

Bitcoin will not drop even under 300 $ anymore.If this happens somehow I will grab as many as I will be able in that moment.I will not wait for Bitcoin to drop till 1 $.After what halving will be done there will be no more drops under 400 $.So being realistic no chance to get cheaper Bitcoins.It will have stability at above 500 $ after few weeks from now.

[fantoos]

I would like this to happen to regain this chance by buying at least 10 K Bitcoins if it hits again 1$.This will be temporary phase if ever happens but this can be only dream to imagine this happening.This will never happen we all know this.I am ready to catch if it drops that lower.Who will not collect many Bitcoins in this case as title says.

[Bestwishes745]

If Bitcoin dropped to $1, I would buy all the Bitcoins I can afford.

buy as much as possible it is a good choice, but remember that you have to play fast, like doing a fast trade. because it certainly will not last long, when the price increases will fall back

Oh absolutely, law of supply and demand. However, this post is based on a parallel universe

That's what I thought too. No way Bitcoin will drop to $1 before the Sun will drop on Earth. I'm pretty sure we will never see below $490 again. There are some things which are certain.

yeah, I agree with you, now it is not the time that bitcoin go back to the past, bitcoin has got a strong support from its users and everyone is benefiting from bitcoin so no one will leave it and in this way bitcoin will not fall,

[smho_16]

I would like this to happen to regain this chance by buying at least 10 K Bitcoins if it hits again 1$.This will be temporary phase if ever happens but this can be only dream to imagine this happening.This will never happen we all know this.I am ready to catch if it drops that lower.Who will not collect many Bitcoins in this case as title says.

That is my dream too, having the chance to go back to 2010 or earlier and net some nice amount of bitcoins with that awesome price to buy and waiting patiently to sell it when it reaches 400 or 500 USD. This way we would all be rich , but this remains an utopia for the moment.

[Blackmet]

I think that i will stop use bitcoin cause it will be similar to dollar and the main difference will be that bitcoin is cryptocurrency when dollar is fiat.

[awesome31312]

I think the better question is, will BTC hit $1000 again? In my opinion, that is worse than Bitcoin dropping to $1

[betohell]

I think that i will stop use bitcoin cause it will be similar to dollar and the main difference will be that bitcoin is cryptocurrency when dollar is fiat.

I think if it is equal to the dollar. it does not matter, if you get one bitcoin is as easy as getting one dollar? but if hard to obtain 1 BTC. then it is better to stop than bitcoin

[hermanhs09]

If Bitcoin dropped to $1, I would buy all the Bitcoins I can afford.

buy as much as possible it is a good choice, but remember that you have to play fast, like doing a fast trade. because it certainly will not last long, when the price increases will fall back

Oh absolutely, law of supply and demand. However, this post is based on a parallel universe

Well, there are always supplies and demands that affect the BTC price, however, the majority of the price changes I believe is not from raw supply and demand, rather it's from leveraging.

If bitcoin dropped to $1 it would say something about the system being non functional. So I wouldn't buy any non functional currency.