Scenario > Bitcoin goes to 100. How will that affect you ?

[suryati]

if the bitcoin price is down to $ 100 I will buy it from my savings so far if the $ 100 price I can have 3 btc and I will keep it for long term and certainly hope it will rise back to the price of $ 4000 and I will also get a doubled profit 

[Kyotric]

I probably won't sell because I use money that I don't need for crypto. I'll just hold and see where it takes me.

[NeuroticFish]

Semi doomsday scenario.
A lot of users rely on coins for day to day expenses.
What is the source is gone? What if trading won't earn you more than pennies? A post would be rewarded with half a cent?

Pretty well made poll, congrats!
If this will happen I would obviously reduce my time spent here, at least until the huge disappointment will pass.
Of course, I will move forward, it was good as long as it lasted, but yeah, it's a dream that'll get crushed (no, not to get rich, the one to help me buy a house for my family with Bitcoin).

Of course at that point I'll hold, not much point to sell. It depends on the reason that made it fall, maybe I'd move to another crypto.

[zidane]

I would buy a lot more of BTC. But to be real I would be still x50 Up :-D
The most of my holdings I good for under 2 Dollars. For me the price is really not relevant.

I bought because I believe in the Tech and I am not like the most on crypto to get a Lambo,
why I should I have a 997 Turbo  

But really 100 Dollar one more time would be great to rebuy them.

[Tszunami98]

I think this is the best thing that could happen to me pesonally...if this would happen i would invest all my money in buyin boitcoins and hodl them of course. But i wont trouble my mind with this one because i know it is an impossible scenario.

[A1exander]

Such fall is unlikely and may occur only is something very serious happens (a critical vulnerability found, etc.). In such case buying a lot of coins may be unwise. Personally, I don't have much and the majority of my coins were mined years ago, when the price was below $100 (and below $10 some of the time). I do not rely on them in any way, so it would be very unfortunate, but would not affect my present well-being.

[Diablesfunis]

If it reach $100, it's means that something wrong that triggered the bear market. If it reach to the point i will probably abandon bitcoin and back to trading stock because it took a long time to recover from bear market.

[lottery248]

$100? with this situation, even if bitcoin price goes to that price it could be really temporary, because people with intention of buying low would bring the price of bitcoin up. lol

[Blitzboy]

It will never go to that price and if it does, I will commit sucide. All of my money is located in bitcoin and if bitcoin turns into $100, I will lose everything But I never fail to believe in bitcoin. I know that its price will continue to rise since 9-years is enough for people to know how awesome bitcoin can be and how we can do with bitcoin. The blockchain technology will make our world better and everything will be faster thanks to Satoshi

[Ch1bi]

If Bitcoin went to $100 it wouldn't bother me at all since I only invested what I could lose. However, I would buy as much BTC as possible, and wait till the price went back up. 

[South Park]

A form of Bitcoin is currently under $100 and its called Litecoin. (Its on all the exchanges that Bitcoin is on and guess what? TX's on on the Litecoin network is exploding and merchant adoption is increasing. If you also look close enough the growth of Litecoin's price resembles the early days of Bitcoin's in many ways). My guess is Litecoin will be worth $1.5k by 2020 easily. The rebirth of Bitcoin is near...


Disclaimer : I am not a financial adviser of any sort. Do your own research.
Disclaimer 2 : I am not a shill. I simply say it as I see it.

Disagree there is a lot more LTC than BTC in order for LTC to reach 1500 per coin the market cap for LTC will need to be 28 times the current market cap and you think that is going to happen in just 2 years, when we already had a huge bull run in this year? That is impossible.

[Webetcoins]

if the bitcoin price is down to $ 100 I will buy it from my savings so far if the $ 100 price I can have 3 btc and I will keep it for long term and certainly hope it will rise back to the price of $ 4000 and I will also get a doubled profit 

I will buy a lot of bitcoin from their investments for sure it will be good for me if the price of the bitcoin will fell down to 200$ because it will make me earn more profit when I will buy at this time and will sell my bitcoin at the time when the price will go high so! The chance of the loss in bitcoin is very low most of the time it goes up and makes good profit for the investors.

[coolstory]

Semi doomsday scenario.
A lot of users rely on coins for day to day expenses.
What is the source is gone? What if trading won't earn you more than pennies? A post would be rewarded with half a cent?

I directly close my computer and take an oath where I promise myself that I will never check its price for 6 months. I just wait patiently.

[gmaxwell]

I saw the thread title and figured it would be a necopost of a 2011 thread.

[ELI85]

Bitcoin @ $100?

Sell the house
Sell the car
Sell the kids

[william8829]

This would be a serious situation.  What has caused this crash?  War?  If it was war I probably would be too distracted to think about bitcoin.  Maybe the internet goes down and causes this problem.

In any case I would not sell.  I would wait for it to recover.  If everyone stopped being interested in bitcoin I guess that would make me the only person interested in bitcoin.  It is a fascinating technology!

[Beparanf]

This would be a serious situation.  What has caused this crash?  War?  If it was war I probably would be too distracted to think about bitcoin.  Maybe the internet goes down and causes this problem.

In any case I would not sell.  I would wait for it to recover.  If everyone stopped being interested in bitcoin I guess that would make me the only person interested in bitcoin.  It is a fascinating technology!

If we knew bitcoin graph history we should know that its increasing, it experienced some drops nut never too far from its peak,  if it will srop that much, since I believe btc will be thw future currency, i will definitely keep it for eternity until it reaches top.

[Xervo]

He will not fall to $ 100, I think it's impossible. Too dense, he has infiltrated the world economy. For this to happen, there must be some incredible event. It is worth preparing - you need to diversify your money to protect your contribution, and you will have time to transfer money to FIAT.

[planfox]

I just do not believe in such a scenario. A couple of years ago you could still assume that bitcoin will drop so low, but now below $ 2,000 a drop will not occur.

[LLec]

I just do not believe in such a scenario. A couple of years ago you could still assume that bitcoin will drop so low, but now below $ 2,000 a drop will not occur.

It totally can. China slashed it by 30% with just a few new rules. There are factors outside our (by our I mean the users) control that could get it to drop below $2k. I agree that it's not that likely but it's absolutely possible.