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Author Topic: If bitcoin dropped to $1, what you do?  (Read 98131 times)
vianhandika
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August 08, 2016, 10:02:59 AM
 #1821

hmmm there is a lot of chance ...maybe someone will buy more,hold,sell....each option have a each reason  Smiley ...from btc is launcing the price is 100$++/btc, if the rate of bitcoin is dropped to 1 $/btc, big possibility Bitcoin is out of business Smiley
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MehdiBmm
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August 08, 2016, 10:55:46 AM
 #1822

I would personally buy more Bitcoins, because I missed this opportunity back 2012 when It was around 13$.

I think majority of users will do the same as everyone is aware that if price falls it will rise again in future and if it falls to $1 then it will be an best opportunity to buy maximum coins.

Totally, Imagine If it dropped to 1$, I would personally buy 100BTC at 100$, If It raises again, COOL I'm WINING! If It doesn't, so be It that's life, you must risk Wink
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August 08, 2016, 05:13:25 PM
 #1823

I would personally buy more Bitcoins, because I missed this opportunity back 2012 when It was around 13$.

I think majority of users will do the same as everyone is aware that if price falls it will rise again in future and if it falls to $1 then it will be an best opportunity to buy maximum coins.

Totally, Imagine If it dropped to 1$, I would personally buy 100BTC at 100$, If It raises again, COOL I'm WINING! If It doesn't, so be It that's life, you must risk Wink

Someone would surely do that if he knows he can afford to lose the amount he is investing, but if someone thinks he cannot afford to lose then he should wait for some time to see if it starts growing or not, if it does he should invest and if it doesnt he should let it then.
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August 08, 2016, 05:15:40 PM
 #1824

I would personally buy more Bitcoins, because I missed this opportunity back 2012 when It was around 13$.

I think majority of users will do the same as everyone is aware that if price falls it will rise again in future and if it falls to $1 then it will be an best opportunity to buy maximum coins.

Totally, Imagine If it dropped to 1$, I would personally buy 100BTC at 100$, If It raises again, COOL I'm WINING! If It doesn't, so be It that's life, you must risk Wink

Would probably do the same, try and amass a lot as long as the main protocols have not changed.
newcoins1978
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August 08, 2016, 06:48:57 PM
 #1825

If its drop into 1$, i think i would buy a lot of bitcoin and then wait for the price to rise and to support the bitcoin price i will buy alt coin
I would buy as many Bitcoin as possible so that if the price goes up after that I would make much money.
I know that the chance of that happening is almost zero so I am not getting my hopes up for that.
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August 08, 2016, 06:51:04 PM
Last edit: August 08, 2016, 07:15:49 PM by macedoniantable
 #1826

I don't think my view on bitcoin would change.
I will use it just as I always have. Probably hold more of it since it would be so cheap to acquire by then.
arbitrage001
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August 08, 2016, 06:55:10 PM
 #1827

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.

Most people will probably do that way before it reaches one dollar.
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August 08, 2016, 07:11:51 PM
 #1828

Probably kill myself  Smiley
manselr
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August 08, 2016, 09:37:33 PM
 #1829

Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.
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August 09, 2016, 04:03:20 AM
 #1830

I think price will never fall that low in future and if it goes that low then majority of people will get panic and they will not bother about bitcoin and will switch to some other product.
you're right bitcoin will never fall that low why because many of us are going to panic and some of investors are going to sell their bitcoins and some are going to buy , if some investor are going to buy a lots of bitcoin then probably the price of the bitcoin will increase again it depends always on the people who uses bitcoin , and i think bitcoin is the father of all altcoin
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August 09, 2016, 07:07:07 AM
 #1831

Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.

Well is the price of your life is only $1? Don't do it man maybe someone is going to do the same if they are going to read your suggestion. It is not the end of the world if the price of bitcoin is going to be at $1. What is the best thing to do is wait again for the pump of the price of bitcoin. For sure, it is going to happen again.
While the price is dropped down to $1 , peoples will be buy a bulk of bitcoin and makes the price up again .
If that happened on future , it's not the end of world just wait for a month and the price is up somedays.

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JumperX
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August 09, 2016, 07:14:40 AM
 #1832

Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.

Well is the price of your life is only $1? Don't do it man maybe someone is going to do the same if they are going to read your suggestion. It is not the end of the world if the price of bitcoin is going to be at $1. What is the best thing to do is wait again for the pump of the price of bitcoin. For sure, it is going to happen again.
While the price is dropped down to $1 , peoples will be buy a bulk of bitcoin and makes the price up again .
If that happened on future , it's not the end of world just wait for a month and the price is up somedays.

Yup and $1 is very small amount we can afford to buy at least 100 btc with that price and even if it disappears after that then loss of $100 is not a big deal.
ObscureBean
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August 09, 2016, 07:42:36 AM
 #1833

Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.

Well is the price of your life is only $1? Don't do it man maybe someone is going to do the same if they are going to read your suggestion. It is not the end of the world if the price of bitcoin is going to be at $1. What is the best thing to do is wait again for the pump of the price of bitcoin. For sure, it is going to happen again.
While the price is dropped down to $1 , peoples will be buy a bulk of bitcoin and makes the price up again .
If that happened on future , it's not the end of world just wait for a month and the price is up somedays.

Yup and $1 is very small amount we can afford to buy at least 100 btc with that price and even if it disappears after that then loss of $100 is not a big deal.

$100 is okay but I'm not sure Bitcoin would recover if the price dropped all the way down to $1, that would probably scare off the majority of non-crypto people permanently lol. If something like that happened, I doubt we'd see huge demand for Bitcoin again, a different coin would probably emerge as the new king.
terman45x
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August 09, 2016, 07:45:05 AM
 #1834

Probably kill myself  Smiley


Lol, that is not a good idea. If that ever happens it will be because some sort of alien technology that allowed for massive onchain transactions while being as decentralized as bitcoin's current network. Right now this is science fiction so I would not worry about this.

Well is the price of your life is only $1? Don't do it man maybe someone is going to do the same if they are going to read your suggestion. It is not the end of the world if the price of bitcoin is going to be at $1. What is the best thing to do is wait again for the pump of the price of bitcoin. For sure, it is going to happen again.
While the price is dropped down to $1 , peoples will be buy a bulk of bitcoin and makes the price up again .
If that happened on future , it's not the end of world just wait for a month and the price is up somedays.

Yup and $1 is very small amount we can afford to buy at least 100 btc with that price and even if it disappears after that then loss of $100 is not a big deal.

$100 is okay but I'm not sure Bitcoin would recover if the price dropped all the way down to $1, that would probably scare off the majority of non-crypto people permanently lol. If something like that happened, I doubt we'd see huge demand for Bitcoin again, a different coin would probably emerge as the new king.

yeah bitcoin will surely face some tough competition from any new and innovative currency in future and if bitcoin wants to survive in long run then that is possible only if it holds higher value.
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August 09, 2016, 07:49:50 AM
 #1835

You mean you if the price of bitcoin be $ 1? If that happens, we shall be losing money because the price is not good, and to rise if it had been dropped as it was very difficult. But I believe bitcoin might not drop to $ 1 for bitcoin is constantly evolving and users actively using bitcoin.
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August 09, 2016, 08:08:07 AM
 #1836

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

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August 09, 2016, 08:55:16 AM
 #1837

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

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August 09, 2016, 03:24:21 PM
 #1838

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.
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August 09, 2016, 03:42:51 PM
 #1839

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.
Aamir1
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August 10, 2016, 05:50:59 AM
 #1840

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.

They would surely turn to something else if they see no potential of growing bitcoin again but later on if bitcoin recovers and starts growing again then people will again start investing and using it.
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