the great drop in price "What if?"

[Tyrantt]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

[n0ne]

Nothing big happens as we the user of bitcoin is low compared to the traditional currency users around the world. One of the major impact is that it takes more time to retain the loss as well the user community who are the key factors for such a potential growth. Even in such situation we can see new investors coming into bitcoin to profit on buying at a decreased price.

[hermanhs09]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

It will definitely paint a bad light on bitcoin as it is portrayed as volatile and unsafe. There is no doubt about that.

Actually businesses that already accept bitcoin shouldn't be worried if there was to be a drop in the value of bitcoin as they use instantaneous transaction companies like Bitpay to secure their bitcoin value in terms of fiat.

It'll discourage new companies to start implementing bitcoin though, that is for sure.

[Xester]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

If bitcoin will drop to 300$ then I will be buying bitcoins that I can afford to buy. It is a rare case that bitcoin will drop that low. Surely many catchers are on standby and excited to buy the dump bitcoins. But that kind of idea is far fetched since no one in their right mind would dump their bitcoins and sell at a lower price. The potential possibility is that they will wait until bitcoin will hit 2k$ and will dump it and bitcoin will return to 1k$ again. It is more probable but it is still very unlikely to happen.

[darkangel11]

It won't drop to 300 in a day, there's simply too much money on the market. You'd need a coordinated whale-dump to do it. Coordinated meaning they'd have to group up on a number of biggest exchanges and drop the hammer of 10k BTC on each of them. Note that a sale of 1000BTC merely moves the price by less than $100 on a single exchange like bitstamp, so this should give you a clue to how much we'd need to come back to $300 in a day.
I think people would start thinking what's going on and decide to wait it out and see what happens. The whales would dump everything and the price would move up.

[Slark]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow.

This is the oldest question in the book, asked many times over and over again. There is nothing that will guarantee you stable BTC price.
But realistically it is near impossible to crash bitcoin to $300 level.

What would happen to the further development of bitcoin?

Bitcoin development was never dependent on bitcoin's price. I don't expect any difference.

Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it?

As far as I know there is no business/service/shop which is accepting bitcoin directly, pretty much everyone is using payment gateways like BitPay.
That means coins are converted to fiat in real time. No business would bankrupt because of low BTC price.

[Sled]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

If bitcoin will drop to that price then it will be a crisis for sure because there is a lot of people who will do panic selling and unloads their bags and leave bitcoin. But i think if ever that bitcoin would reach $300, the only thing that i'm sure is. I will buy a lot of bitcoin and just have faith in bitcoin that it will bounce back again.

[Mvaporis1961]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

Price drop up to 500$ is nearly impossible at this time.Bitcoins price pumper will never ever let it drop to $300 mark now until they didnt reach the goal of $2000 by this year or month.Drops from about $900-$1000 is just the most dump price of it now.it will never ever go back to $300 by this time

[X-ray]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

Price drop up to 500$ is nearly impossible at this time.Bitcoins price pumper will never ever let it drop to $300 mark now until they didnt reach the goal of $2000 by this year or month.Drops from about $900-$1000 is just the most dump price of it now.it will never ever go back to $300 by this time

That will be impossible in the future, Bitcoin never goes below $800 again. The BIG fud caused by the bitcoin shills were making a lot of the market feel panic.
But in this time the FUD is already finished. The market has known stronger than before.
We may never see another big dump again in the future. Big Pump with bitcoin problem resolved.

[pooya87]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

your logic is flawed on so many different levels and you want us to explain a hypothetical situation with a big flawed logic.
it is like asking "what if sun didn't come out tomorrow?"! how can someone explains that what if!!

this is exactly the same. as long as all those businesses exist, as long as all those people are invested in bitcoin, and all those people who are using bitcoin, and a lot all others too, they all create demand and price is moving (for the most part) based on demand.

if these people stop using bitcoin then price goes down. (not overnight) but it would go down. and if these people don't stop using bitcoin and more people start using bitcoin, price not only won't go down but also it will start going up.

[noictib]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

In the bitcoin business there are lots of the businessman with positive and negetive thinking , so here it is not a big thing in the bitcoin that the price drop to $300/BTC , if you can see the history then you will find that it is already happened  that you are thinking and no all the market got affected , the market was still going on smoothly grow with the bitcoin .
Here you just think that if the price drop then the people of the positive thinking will buy more and more bitcoin , Because they know that price will.again go up .

[xuan87]

Of course we need to know what is the reason of the price dropping, if it is because of whale selling coin then it still got the chance to bounce back, so it is the time for buying and investing and it will affect the business for temporary, but if it is because something wrong with bitcoin like the spiking transaction fee or unsafe security then it's time to sell and look for another coin and it can cause bitcoin to deceased and losing it's value

[hajimasan]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

Lol , nothing will happen  flutuation to the down in the price of the bitcoin is a natural thing  , and if it happened in the future then no more effect you can see .
The simple results will be as follows :
people buy bitcoin at low price in bulk amount
people trade with bitcoin in bulk amount but Profit amount remain same
All Business like gambling site will remain same , they will accept the bet According​ to the market of games and will increase minimum bet amount .
And nothing will happen .

[Idrisu]

I will not pray for bitcoin price to drop low to level of it being sell at $300 because I have saving in bitcoin. I will be disappointed if that happens. To the likely event that may bring bitcoin price and values down is forks. If politicians are allowed to buying some of bitcoin insiders up to create a forks like what happened last month about bitcoin unlimited then expect the price and values of bitcoin to crash.

[Amph]

you must understand that bitcoin, can't simply drop that low without any reason, actually even in the event of a valid reason i'm sure it won't drop under a certain threshold

there are too many money invested, that it's simply not possible, i'll explain you why... the only people that can dump now and make bitcoin reducing its value to $300 are those that bought at lower than $300

but since we have this high value, it mean that there are more bitcoin bought at above $300 than those bought beneath than $300, this result in the impossibility to have the value lower than $300

[ilovefeetsmell]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

As far as I know, the bitcoin price always recovers after how many weeks so don't be worried about that. I don't have any doubt about bitcoin, in price, in demand and supply. Don't make any payment when the price is low. Make a way to make your bitcoin double or to make your bitcoin high. Don't waste our time to do that. We have a free to do our own.

[darthmaul]

Thats ambiguous question. First of all investors, traders of bitcoins who believe in bitcoins profitability power will buy more bitcoins at that point and will hope to see amazing rise in future. However, those are unaware of this rise or who don't trust the light will spread again will do panic selling for sure. Businesses on other hands may simply keep it as they will take equal amount of charge which is applicable for product and service. So, it doesn't matter for them at all. :-)

[stomachgrowls]

If bitcoins price would drop to the bottom then there might be a big problem on the ecosystem of bitcoin which causes for it to crash and i think many people or users would already leave bitcoin and there might be a new coin would able to take place of bitcoin.It does depend upon the situation but if the price wouldnt crash back again lets say about 50% on the current price then i would really say that bitcoin price will always recover in a matter of period of time.

[gredisgold88]

Let's say that the bitcoin price drops to 300$ for some reason tomorrow. What would happen to the further development of bitcoin? Would that mean that the bitcoin may never recover due to lot's of businesses, that have implemented it, dropping out due the instability of it? What would that mean for you?

I'm interested in the events in case of btc price drops significantly and how would that effect the entire concept of bitcoin and crypto currencies.

if the bitcoin price declines, some altcoin certainly be increased significantly, as ethereum, LTC and XRP. people prefer to move $ of bitcoin to some altcoin and cryptocurrency world continues to run well and make some of the world economic viability cryptocurrency, this is just my speculation.

[Marcus_2017]

It all depends on what is provided by bitcoin. If you want you can make it so that the price never fell below a certain level. If you earn money in bitcoins you will not lose money because if you buy it. But until the price of bitcoin isn't stable people will be afraid to invest your money. Personally, I if the price falls I will keep him until she recovers.