the great drop in price "What if?"

[ImHash]

More bitcoins and better chances for me to engage further more with mining in large scales, nothing going to change for me in terms of bitcoin's value.

You shall take such wishes to the grave, you'll never see bitcoin's price below $700 ever again no matter what unless of course if a hard fork split attack happens we might experience prices around $400-$600 for year or two.

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[Nagadota]

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 would mean that loads of the HODLers would give up and drop out, leaving actual users to actually spend Bitcoin.  Maybe that would be a good thing.

[Tyrantt]

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

I know, but this was more of a hipothetical situation, like for x reason or it doesn't matter at all for what reason, the price drops that much.

More bitcoins and better chances for me to engage further more with mining in large scales, nothing going to change for me in terms of bitcoin's value.

You shall take such wishes to the grave, you'll never see bitcoin's price below $700 ever again no matter what unless of course if a hard fork split attack happens we might experience prices around $400-$600 for year or two.

well a drop from 1200$ to <300$ is a drop in value?

to engage further more with mining in large scales

wouldn't  the mining difficulty remain the same?

I'm not asking will it drop, I'm asking that if for some X reason the price drops to <300$, what would you be doing and how would that affect the future of btc.

[iamTom123]

I think that if there would be a nuclear war then Bitcoin can go down that fast as most of us may not care anymore if we have Bitcoin or not. We can not use Bitcoin to buy foods and other amenities if war would broke out. However, if there would be no major global disruption, then I think Bitcoin would not decrease in terms of value that drastic.

But if that would happen then I am sure that there would be so many buyers globally for Bitcoin and that would push the value again upwards. There are many people who are dreaming that Bitcoin can go down that low so they can increase their hoard of the number one cryptocurrency.

[SameHow]

I think that if there would be a nuclear war then Bitcoin can go down that fast as most of us may not care anymore if we have Bitcoin or not. We can not use Bitcoin to buy foods and other amenities if war would broke out. However, if there would be no major global disruption, then I think Bitcoin would not decrease in terms of value that drastic.

But if that would happen then I am sure that there would be so many buyers globally for Bitcoin and that would push the value again upwards. There are many people who are dreaming that Bitcoin can go down that low so they can increase their hoard of the number one cryptocurrency.

In the event of a nuclear war, all currencies will depreciate and possibly even gold. The value will acquire things necessary for survival, so one should try to avoid nuclear war.

[BunnyShibe]

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

I know, but this was more of a hipothetical situation, like for x reason or it doesn't matter at all for what reason, the price drops that much.

More bitcoins and better chances for me to engage further more with mining in large scales, nothing going to change for me in terms of bitcoin's value.

You shall take such wishes to the grave, you'll never see bitcoin's price below $700 ever again no matter what unless of course if a hard fork split attack happens we might experience prices around $400-$600 for year or two.

well a drop from 1200$ to <300$ is a drop in value?

to engage further more with mining in large scales

wouldn't  the mining difficulty remain the same?

I'm not asking will it drop, I'm asking that if for some X reason the price drops to <300$, what would you be doing and how would that affect the future of btc.

to me i do not think that the price of bitcoin is going to drop to such a low level, although the price of bitcoin can take a little correction but still it is not going to fell down to such a low price. as we can see that the users of bitcoin are increasing from time to time.

[Inkdatar]

If bitcoin will drop $300 definitely traders would do the panic selling. As many are hoping bitcoin will increasing  and they will earn more profit. Because all we know there are many investors invest in bitcoin. For sure, altcoins will alive again and more will be happy on that. But for now lets stay on positive sides that price of bitcoin  will not fall down for that.

[DrGuns4Hands]

if the bitcoin price drop like that bitcoin will never disappear or whatsoever because there's a lot of bitcoin investors that invested a lot if that happens many of them loss a lot of money. same thing for the new investors. and if that happen expect bitcoin to reach $1000 after 3 years. I started bitcoin when it's around $600 i think something like that. and now bitcoin price are now over $1000

[cpfreeplz]

There is a HUGE floor WAY above $300. It's not going to happen anytime soon. If somehow it did happen I'd be glad because it gives me more time for my stockpile I'm working on.

[Sled]

There is a HUGE floor WAY above $300. It's not going to happen anytime soon. If somehow it did happen I'd be glad because it gives me more time for my stockpile I'm working on.

Yes, it is not going to happen to reach $300 price because the whales will not allow that to happen and even the price got below $1,000 then they will immediately support it and get it back to $1,000 price or more. The price of bitcoin is now stable and it will not go down at $1,000 so if you are looking or waiting for that $300 then you are wasting time.

[basesaw]

If bitcoin price drops to 300 dollars. All weak hands will sell tberefore alot of whales will be happy for it. Strong hands will remain and not be shaken.

[Mometaskers]

What would happen? I'd wait a bit and then I'd buy plenty of it, LOL. It probably wouldn't just drop like that without some major reason but even if it's in danger of totally collapsing, how bad would it really be for me if it's already that low.

For one thing, if it suddenly decreased in value like that, there would be no more reason for me to take it out. I'd probably just consider it a souvenir and shrug my shoulders. And what's better than having coins that suddenly almost become very unattractive overnight? Having more of it. Hold your keepsakes, maybe even get more. You'll never know.

[Nascor]

bitcoin had many crashes and always recovered.. it's not unusual that it will lose half of its value in one day

in 2013 Bitcoin went from 300 to about 60, that's like 70%

that didn't stop people from buying/developing further so it's unlikely (but sure possible) that something like that will happen in the future

[Casdinyard]

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.

Even bitcoin will crash we can't deny the fact that it always be the top crypto currency.
Many will still trust and believe in the power and what bitcoin can do. Even China that has a high trading value didn't defeat it. Bitcoin is too big and too established to kill.
It can't be defeated whatever the circumstances that it will face.

[Chiyoko]

If bitcoin price drops to 300 dollars. All weak hands will sell tberefore alot of whales will be happy for it. Strong hands will remain and not be shaken.

If the bitcoin drops in 300 dollar i think that is the right time for me to buy a bitcoin, and hold it, i believe that someday bitcoin will rise again and i hope that time is i already had many bitcoin in my wallet.

[Immakillya]

Then you should buy some. I think it could give you atleast small profit. Although that's impossible to happen. Im not erasing that thought to my mind. Anything can happen. There's a rumor that bitcoin will split again because big players of bitcoin are talking about it. If bitcoin owners migrate to split coin. Bitcoin will fall to that price or worst, it will be dead. Anyway, we've been through that. So i think even if fall down hard. I think there's still people support bitcoin and help bitcoin to rise.

[Pleione527]

It is very normal for bitcoin to sudden increase or decrease its value and if one day it goes to that very low amount I think for me it will only signal opportunities for investment and for sure I will acquire bitcoin and hold it for my long term investment. I believe after few more months bitcoin will have a good price again.

[error08]

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.

Lets assume it will gonna happen someday, there will be a sign/news before it happen, maybe bitcoin nodes get cracked/hacked or something big like most countries ban bitcoin. I will sell all of my bitcoin immediately, waiting bitcoin drop to $300, and buy back as much as I've sold before. I believe bitcoin will rise again, even though it takes years, so I will be waiting, end of case.

[nelmari]

If bitcoins price goes down back to $300 then all other coins go down with it for sure. Remember all of these altcoins and tokens were created because of bitcoin. Some does not agree with what I have to say but it's the hard truth. If ever that will happen though, I think bitcoin will try to recover back for sure.  And I think this case has happened before when bitcoin was at its peak and suddenly dropped its price down but soon recovered back. Though it does take time but it will.

[Red Fish]

Bitcoin will not go down to 300$, because the Bitcoin market is too large and everyday more than 200 000 people use Bitcoin. Right now Bitcoin price is ~ 3860 USD - http://preev.com/. In medium - long term Bitcoin price will go up due to growing market and mining difficulty. The most real BTC price is 5000 USD.