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Author Topic: If bitcoin dropped to $1, what you do?  (Read 98180 times)
Falconer
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June 28, 2016, 04:11:24 PM
 #1301

If the bitcoin drops that low i dont think the bticoin will survive allong time because when he hit the dollar each
There are allot of people who dont look after the bitcoins anymore and dont use them so it will be a catastrophe for the bitcoin.

Yeah many people will prefer to stop using or investing into it, as they will loose hope in it, and its very easy to say that I will buy as much as possible, but what if you are holding existing coins and it fall overnight, it will be a huge loss.
Finally I find some person who could think logically Cheesy Yeah I think those people who saying "I will buy it when its price dropped to $1" dont understand about how investments work. They just only know buy low sell high, and dont care with all factors that give effect on the price. They surely will loss badly with that knowledge.

 
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eddyubachs
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June 28, 2016, 04:37:49 PM
 #1302

If the bitcoin drops that low i dont think the bticoin will survive allong time because when he hit the dollar each
There are allot of people who dont look after the bitcoins anymore and dont use them so it will be a catastrophe for the bitcoin.

Yeah many people will prefer to stop using or investing into it, as they will loose hope in it, and its very easy to say that I will buy as much as possible, but what if you are holding existing coins and it fall overnight, it will be a huge loss.
Finally I find some person who could think logically Cheesy Yeah I think those people who saying "I will buy it when its price dropped to $1" dont understand about how investments work. They just only know buy low sell high, and dont care with all factors that give effect on the price. They surely will loss badly with that knowledge.

Yup and if bitcoin has already shown you the loss you will never prefer to take risk and invest in it anymore, you will switch to some other product for sure.
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June 29, 2016, 04:21:56 AM
 #1303

buy as much as possible is the best choice, right? because i am sure it will rebound.

Yes, this is teh best thing to do when the price of bitcoin drops to $1. And I'm going to buy as many as I can afford because for sure it will going to
increase again for a short period of time and when it goes to increase again and then I will going to sell it again.

phreaky
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June 29, 2016, 09:22:24 PM
 #1304

buy as much as possible is the best choice, right? because i am sure it will rebound.

Yes, this is teh best thing to do when the price of bitcoin drops to $1. And I'm going to buy as many as I can afford because for sure it will going to
increase again for a short period of time and when it goes to increase again and then I will going to sell it again.
I also would buy as many as I could but would it still make sense to buy coins if the value is at $1. Everyone then is going to buy coins and it would only make sense to buy hundreds to make much money then.
I do not believe that every users could own that many.
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June 29, 2016, 10:23:45 PM
 #1305

buy as much as possible is the best choice, right? because i am sure it will rebound.

Yes, this is teh best thing to do when the price of bitcoin drops to $1. And I'm going to buy as many as I can afford because for sure it will going to
increase again for a short period of time and when it goes to increase again and then I will going to sell it again.
I also would buy as many as I could but would it still make sense to buy coins if the value is at $1. Everyone then is going to buy coins and it would only make sense to buy hundreds to make much money then.
I do not believe that every users could own that many.

Most of us are doing like this, taking the advantage of low price of $1 if the price will go drop down. And for sure the price is going to pump after its price fall. Because if there are going a lot of people going to buy for sure the demand is high and the price will start to increase again.

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numismatist
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June 29, 2016, 11:05:55 PM
 #1306

Only a serious technology failure could cause $1. If happens, it's over.

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June 29, 2016, 11:09:45 PM
 #1307

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

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June 29, 2016, 11:44:21 PM
 #1308

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Well it will still apply the law of supply and demand, so even the price is $1 but if there are a lot of people who are buying,
so that demand is going to increase and price is going to rebound again.

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MargonCreatives
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June 30, 2016, 12:47:11 AM
 #1309

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Yes and just wait for halving because price after that would be around 1000$ or even more. Just my personal feeling though.

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June 30, 2016, 07:10:40 AM
 #1310

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Well it will still apply the law of supply and demand, so even the price is $1 but if there are a lot of people who are buying,
so that demand is going to increase and price is going to rebound again.
Based on the law of supply and demand, I guess if bitcoin price drop a lot to $1, then it means no one care about it anymore. People just want to invest some promising investments, and 1$ worth of bitcoin in future is not promising at all.

 
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jossiel
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June 30, 2016, 09:19:56 AM
 #1311

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Yes and just wait for halving because price after that would be around 1000$ or even more. Just my personal feeling though.

Well if the price of bitcoin is going to be $1, we don't know if the price will jump immediately to $1,000 after an halving for that time.
But maybe for $100 but still we don't know what is going to happen.

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June 30, 2016, 09:57:19 AM
 #1312

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Yes and just wait for halving because price after that would be around 1000$ or even more. Just my personal feeling though.

Well if the price of bitcoin is going to be $1, we don't know if the price will jump immediately to $1,000 after an halving for that time.
But maybe for $100 but still we don't know what is going to happen.
I would look and see if it still would make somewhat sense to buy coins then because for the price to be at one Dollar is a bit weird.
If the price would rise for sure after that then I would buy as many as I can at that point.
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July 01, 2016, 01:11:39 PM
 #1313

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Yes and just wait for halving because price after that would be around 1000$ or even more. Just my personal feeling though.

Well if the price of bitcoin is going to be $1, we don't know if the price will jump immediately to $1,000 after an halving for that time.
But maybe for $100 but still we don't know what is going to happen.
I would look and see if it still would make somewhat sense to buy coins then because for the price to be at one Dollar is a bit weird.
If the price would rise for sure after that then I would buy as many as I can at that point.

I would say for an online currency or coin. $1 is a bit reasonable. Because it is better that it has a value of $1 rather than nothing at all.
And if the demand goes high.
The price of it is going to be higher and higher and beat the odds.

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July 01, 2016, 01:22:10 PM
 #1314

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

This is not likely to happen, because it's true your words that bitcoin still has loyal users and can contribute to maintaining the bitcoin. So this could only happen if users faithfully bitcoin already left bitcoin and using other currencies
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July 01, 2016, 01:29:12 PM
 #1315

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Yes and just wait for halving because price after that would be around 1000$ or even more. Just my personal feeling though.

Well if the price of bitcoin is going to be $1, we don't know if the price will jump immediately to $1,000 after an halving for that time.
But maybe for $100 but still we don't know what is going to happen.
I would look and see if it still would make somewhat sense to buy coins then because for the price to be at one Dollar is a bit weird.
If the price would rise for sure after that then I would buy as many as I can at that point.

I would say for an online currency or coin. $1 is a bit reasonable. Because it is better that it has a value of $1 rather than nothing at all.
And if the demand goes high.
The price of it is going to be higher and higher and beat the odds.
I think the high demand will not be able to make a high price if we can very easily get that coin and it's a two sides possessed by bitcoin but not owned by any other crypto coins.

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July 01, 2016, 01:46:23 PM
 #1316

Buy more ofcourse like everyone here. Because it couldnt get lower ofcourse  Roll Eyes

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July 01, 2016, 01:50:52 PM
 #1317

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.
If that happened now? I should to buy a lot of BITCOIN worth o 2000BTC. Because in case if the price of bitcoin is go back to normally. I should to sell allof my bitcoin to become a millionaire😂😂😂 but the price of bitcoin is never be going to $1 because if that happens. People who using the bitcoin is gone. Because it is very annoying to earn a small bitcoin and then the currency of 1 bitcoin is 1$ haha. 😂 thats impossible to happen because the price of bitcoin is never goes down. 😂
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July 01, 2016, 02:03:05 PM
 #1318

I think it will be a chanse for smart people to become rich, common users will stiop using bitcoin for sure, but if bitcoins price deacresed it should increase againe, so better to invest your money to buy some coins.

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July 01, 2016, 06:07:25 PM
 #1319

buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Yes and just wait for halving because price after that would be around 1000$ or even more. Just my personal feeling though.

Well if the price of bitcoin is going to be $1, we don't know if the price will jump immediately to $1,000 after an halving for that time.
But maybe for $100 but still we don't know what is going to happen.
I would look and see if it still would make somewhat sense to buy coins then because for the price to be at one Dollar is a bit weird.
If the price would rise for sure after that then I would buy as many as I can at that point.

I would say for an online currency or coin. $1 is a bit reasonable. Because it is better that it has a value of $1 rather than nothing at all.
And if the demand goes high.
The price of it is going to be higher and higher and beat the odds.
I think the high demand will not be able to make a high price if we can very easily get that coin and it's a two sides possessed by bitcoin but not owned by any other crypto coins.
Actually, the high demand will make the price high, considering the basic laws of supply and demand and I'm pretty sure there will be a shortage of supply when the value hits $1 because everyone will try to hoarde as much bitcoin as possible.
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July 01, 2016, 06:12:02 PM
 #1320

damn $1 / 1BTC ? lmao your question its troll Cheesy

i want to see bitcoin 1$ but for next month the price will back to normal $500 hahah
what do you think if price $1 but never comeback again lol
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