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Author Topic: If bitcoin dropped to $1, what you do?  (Read 98137 times)
MTBTT
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August 11, 2016, 07:41:49 AM
 #1881

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
if you buy a lot of bitcoin maybe it will be more than 100 BTC? what if the price actually die? surely you will lose big money right ?
what would you do dude ?
eddyubachs
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August 11, 2016, 08:12:45 AM
 #1882

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
if you buy a lot of bitcoin maybe it will be more than 100 BTC? what if the price actually die? surely you will lose big money right ?
what would you do dude ?

If price falls to $1 and if he buys 100 btc and after that if bitcoin disappears he will have loss of only $100, no big deal in loosing that amount, but just imagine if price again goes higher how big profits he can make.
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August 11, 2016, 08:36:52 AM
 #1883

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
if you buy a lot of bitcoin maybe it will be more than 100 BTC? what if the price actually die? surely you will lose big money right ?
what would you do dude ?

If price falls to $1 and if he buys 100 btc and after that if bitcoin disappears he will have loss of only $100, no big deal in loosing that amount, but just imagine if price again goes higher how big profits he can make.

Yes it's just for $100 but think of this. Do you really think everyone will trust bitcoin after going back to $1? Going back to this level is a really a big and large destruction in the status of bitcoin. It can't hold $500, $400, $300, $200, $100, $50 etc that's why it reached a $1.

Believe me, bitcoin is already dead once the price hits $1. After establishing support for many years, still bitcoin reached that status, that is a doubt now for big investors.

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Shibashi Dogemoto
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August 11, 2016, 08:41:23 AM
 #1884

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
if you buy a lot of bitcoin maybe it will be more than 100 BTC? what if the price actually die? surely you will lose big money right ?
what would you do dude ?

If price falls to $1 and if he buys 100 btc and after that if bitcoin disappears he will have loss of only $100, no big deal in loosing that amount, but just imagine if price again goes higher how big profits he can make.

Yes it's just for $100 but think of this. Do you really think everyone will trust bitcoin after going back to $1? Going back to this level is a really a big and large destruction in the status of bitcoin. It can't hold $500, $400, $300, $200, $100, $50 etc that's why it reached a $1.

Believe me, bitcoin is already dead once the price hits $1. After establishing support for many years, still bitcoin reached that status, that is a doubt now for big investors.

What you said is true but is it really possible for bitcoin to go that low in future? To be honest I don't think we will ever see that price of bitcoin and in worst case if it falls there then it will be an end of bitcoin.
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August 11, 2016, 08:49:08 AM
 #1885

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
if you buy a lot of bitcoin maybe it will be more than 100 BTC? what if the price actually die? surely you will lose big money right ?
what would you do dude ?

If price falls to $1 and if he buys 100 btc and after that if bitcoin disappears he will have loss of only $100, no big deal in loosing that amount, but just imagine if price again goes higher how big profits he can make.
Thats right, sometimes we have to take the risk because we never know what will happen in the future and it might give us profit. you cant gain anything if you dont try.

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dhimasnk
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August 11, 2016, 08:50:24 AM
 #1886

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. before, I will seek to know the causes why bitcoin prices to fall to $ 1. If it turns out having analyzed the price is still possible to rise again, then I would do is buy many bitcoin so that when the price goes up later, I can get a lot of profit
before, I will seek to know the causes why bitcoin prices to fall to $ 1. If it turns out having analyzed the price is still possible to rise again, then I would do is buy many bitcoin so that when the price goes up later, I can get a lot of profit

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chaser15
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August 11, 2016, 09:07:15 AM
 #1887

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
if you buy a lot of bitcoin maybe it will be more than 100 BTC? what if the price actually die? surely you will lose big money right ?
what would you do dude ?

If price falls to $1 and if he buys 100 btc and after that if bitcoin disappears he will have loss of only $100, no big deal in loosing that amount, but just imagine if price again goes higher how big profits he can make.

Yes it's just for $100 but think of this. Do you really think everyone will trust bitcoin after going back to $1? Going back to this level is a really a big and large destruction in the status of bitcoin. It can't hold $500, $400, $300, $200, $100, $50 etc that's why it reached a $1.

Believe me, bitcoin is already dead once the price hits $1. After establishing support for many years, still bitcoin reached that status, that is a doubt now for big investors.

What you said is true but is it really possible for bitcoin to go that low in future? To be honest I don't think we will ever see that price of bitcoin and in worst case if it falls there then it will be an end of bitcoin.

I think it won't happen. Im just stating that possible view if ever the price will go back again to the range of $1. Also if we just only back to a level of $300 below that is really an alarming one. The worth of mining is not that pleasing now so I see some miners will quit if ever that will happen.

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coolakid
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August 11, 2016, 09:08:30 AM
 #1888

Buy more bitcoins then wait for the price to increase. hahaha
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August 11, 2016, 09:22:41 AM
 #1889

Buy more bitcoins then wait for the price to increase. hahaha
Yes we should buy but we need to invest only how much we can afford to lose we need to play safe in every investment, if me i think i invest $1000 that is only i can afford to invest.
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August 11, 2016, 09:30:59 AM
 #1890

Buy more bitcoins then wait for the price to increase. hahaha
Yes we should buy but we need to invest only how much we can afford to lose we need to play safe in every investment, if me i think i invest $1000 that is only i can afford to invest.

Erase the thinking of "invest only what can afford to lose" if you are choosing an investment that will really give you sure profits if you will put some seriousness to this.

That kind of thinking will just lead a person to just fine or not worried if ever there will be a loss. Rather than to expect some loss, make sure that you will not suffer any loss once you put yourself in bitcoin investment.

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torrentheaven
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August 11, 2016, 09:49:37 AM
 #1891

We will never see that price in future, bitcoin is on growing stage and it will continue to grow in future too, so I think we should not worry about it and try to collect maximum coins possible.
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August 11, 2016, 12:12:34 PM
 #1892

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
of course it wont drop that much, it would be really stupid if people manage to dump the bitcoin to such small prices, one dollar per bitcoin is pretty much impossible
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August 11, 2016, 01:42:27 PM
 #1893

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
of course it wont drop that much, it would be really stupid if people manage to dump the bitcoin to such small prices, one dollar per bitcoin is pretty much impossible

Yeah that is impossible to achieve that price in future, if price falls that low I am sure people will go crazy either they will get panic and rest will start buying in bulk.
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August 11, 2016, 01:44:31 PM
 #1894

I think I'd buy lots of bitcoins and wait that the price rise
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August 11, 2016, 01:44:47 PM
 #1895

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
of course it wont drop that much, it would be really stupid if people manage to dump the bitcoin to such small prices, one dollar per bitcoin is pretty much impossible

Yeah that is impossible to achieve that price in future, if price falls that low I am sure people will go crazy either they will get panic and rest will start buying in bulk.

This is not impossible, but it will happen when everyone's confidence against bitcoin is no longer there or all those already found in other currencies that are much better and superior of the bitcoin. I am sure this will definitely happen, but the time I do not know it because that control the rotation of the wheel of the bitcoin is all users
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August 11, 2016, 02:06:53 PM
 #1896

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
of course it wont drop that much, it would be really stupid if people manage to dump the bitcoin to such small prices, one dollar per bitcoin is pretty much impossible
I think it may be because people do not know is it bitcoin will continue to go down or go up? no one knows when the price of bitcoin will stop to get off? so it's possible that people are still holding their bitcoin when the price falls

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August 12, 2016, 06:01:14 AM
 #1897

I Don't think it will drop that much but if this happens i will buy more and more because i think it will go up again
of course it wont drop that much, it would be really stupid if people manage to dump the bitcoin to such small prices, one dollar per bitcoin is pretty much impossible

Yeah that is impossible to achieve that price in future, if price falls that low I am sure people will go crazy either they will get panic and rest will start buying in bulk.

Really a lot of people will go crazy if they are having the coins and it suddenly falls to that extent and they would surely panic, and the rest who will come to the world of bitcoin may buy a lot if they see some potential of growing in it.
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August 12, 2016, 06:38:32 AM
 #1898

you know 600 is not a bad price at all, compare this to last year at 250, this is a good steady price and it is holding pretty steady for the moment
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August 12, 2016, 06:47:25 AM
 #1899

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.
well its ok for me because i dont have much bitcoin. i dont even buy bitcoin i only earn it
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August 12, 2016, 06:56:35 AM
 #1900

1$ for a bitcoin seems unrealistic to me.
If it would drop that low nobody would buy it. Bitcoin would simply stop to exist.
No miners would run a bitcoin mining software. So no transactions could be made what would mean the end of bitcoin.
I think that even 50$ per coin would lead to an end.

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