Roni116
Jr. Member
 Offline
Activity: 269
Merit: 1
Soil.co - Earn USDT/USDC
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July 22, 2018, 05:12:49 PM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
Yes, it is very good but if you wait for bitcoin to fall $ 1 it will not happen. And I think when bitcoin falls in the $ 1 price it means the bitcoin will disappear and be replaced by another coin. |
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jvdp
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July 22, 2018, 05:52:18 PM |
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instead of wishing for things that would never happen you should have took your head out of the sand and bought bitcoin. if you had done it then you would have already made $1000+ profit on each bitcoin because of the small rise that happened while you were in dreamland  Who said to this op bitcoin price will goes the scratch value again. This kind of non sense thread should not be here on this forum or elsewhere. Bitcoin will be stay stable or go to peak value again. Apart from there would not any problem to you. Kindly check the price changes and make your investment accordingly you will find the rapid growth instantly if you see the growth well in the market. |
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squallw
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July 22, 2018, 06:58:14 PM |
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What wrong with this strategy?
Just a little mistake that bitcoin will never fall to $1, only if blockchain was hacked with a QC or something like that, if it happen it mean that btc is dead and will be $0.
Some people is waiting for the $4k or $3k dip, i guess that bitcoin will never fall bellow this again.
Anyway, if you believe in bitcoin, just buy right now even at $7k and hold 10 years, you don't need to wait $1.
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omonuyak
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July 22, 2018, 08:28:42 PM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
we have pass that level when bitcoin can fall as low as $1.I do not think bitcoin will fall as low as $1,000 again because I do not find this in the technical equation. However in ten years to come we should expect bitcoin to go as high as $500,000 and we may make good money if we buy now. |
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gabmen
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July 23, 2018, 04:11:49 AM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
Lol. You think there'll be any investors who would have interest if it goes down to 1$? Bitcoin is basically a dead coin if that happens plunging from 20k and that would mean that even whales sold out on their bitcoins. Your 20k would be better off feeding homeless people. |
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himtater87
Newbie
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Activity: 75
Merit: 0
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July 24, 2018, 10:48:44 AM |
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If it falls to $1 it's not a good idea to invest that much because it's chances of going up again is very small and there's probably a better alt to invest on if Bitcoin became worthless. It can go to 0 if it falls to $1 but with the current situation of Bitcoin this won't happen because there's too much money pouring in and more to come with the expected halving on 2020.
well, wait for bitcoin prices to fall up to 1 $ i think is a stupid thing. thinking to wait, and not taking advantage of the conditions that currently exist, is a strange thing. better focus on current prices, and expect higher prices, rather than waiting for things that do not want to happen. It will never drop to such level but in any case it happened I will buy lots of bitcoin for my future. The price is rising day by day and people are thinking of $20k, 30k and $50k and you are thinking opposite. It is not good and it will never happen. If the price falls to such level most of the investors will out their money in Altcoin because of the fast growing market. |
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Beegovere
Jr. Member
Offline
Activity: 86
Merit: 1
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July 25, 2018, 08:08:32 AM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
I don't think that the whales will allow the price of bitcoin to go lower than $1k as they will lose the control in the market with many investors will take the opportunity to buy bitcoin. Although we are in crypto with lot of surprises who knows if that will gonna happen. Yeah it is good idea but do you think that it will even happen? I don’t think so. $1 means that bitcoin is crashed and people will never invest their money in such a currency which would fall to such level. It is not sensible. If the price doesn’t fall to such level will you not invest in bitcoin? Your thoughts tell that you will not invest until a big dip in the price. |
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CybereyesWinger
Newbie
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Activity: 56
Merit: 0
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July 26, 2018, 11:32:05 AM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
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Kemarit
Legendary
Offline
Activity: 3066
Merit: 1351
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July 26, 2018, 12:40:34 PM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
Are you kidding me? Bitcoin will burst and falls to $1? First, your "strategy" is not really a strategy but only a dream. I don't think that bitcoin will fall as long as $1, because obviously there will be a lot of buyers when bitcoin hits $100-$1000 (for the sake of argument). You will have to wait for the day that will never come and your strategy what very flawed from the beginning. Why don't you just invest on bitcoin when its on a dip or the last bottom ($5,800) and then hold on it for the next 10 years? |
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AirFlame
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August 04, 2018, 12:46:21 PM |
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The price is determined by many factors, at 1$ it would be attractive to buyers but what where the circumstances that led to that drastic drop in price? I think the issue is not with the price of bitcoin at any given time but in the adaptability of the technology ie the blockchain technology. So long as the technology is useable and keeps developing as it has been,the price of bitcoin will never fall beyond a certain level but only appreciate with time. So if you must buy,the idea would not be to sell for now.
Do you think that the price will drop to that level? If you think so you are the foolish person of this world. How is it possible? The price is growing day by day and you are talking about the fall which is unbelievable and beyond the mind. Don’t worry about the price and don’t wait for more dip in the price. You will never find that opportunity and will miss this one. |
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Gracie12
Member
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Activity: 128
Merit: 10
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August 04, 2018, 02:21:41 PM |
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It's just a dream. If the price of BTC is really back to 10,000 dollars, then I don't think you will buy BTC. The people who will buy BTC will not care too much about the price.
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bengsabeng
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August 04, 2018, 02:37:09 PM |
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there is nothing wrong with your strategy, there is no choice but to hold. even in the next 20 or 30 years, but the price of bitcoin will not fall to the price of $ 1.
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Protonem
Jr. Member
Offline
Activity: 225
Merit: 1
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August 04, 2018, 02:48:10 PM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
Why do you think Bitcoin will be back to $1? #1 If you expect Bitcoin will return to $1, then possibility could be below 1%. #2 Why u waiting Bitcoin to being burst and falls first if you want to making investment for long term hold? #3 Every people has own strategy and planning of investment objectives from Bitcoin hold. what about you? |
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Febo
Legendary
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Activity: 2730
Merit: 1288
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August 04, 2018, 03:56:42 PM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
LOL everything can go wrong with this strategy. I do hope you also have Plan B. |
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wiro 212
Newbie
Offline
Activity: 218
Merit: 0
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August 04, 2018, 06:32:47 PM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
A good strategy but it sounds like a joke, the movement of bitcoin is determined by many factors, so if you wait for bitcoin to fall at a price of $ 1, it's very unlikely. |
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michellee
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August 07, 2018, 08:46:39 AM |
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maybe if he has a time machine, he can go back to the early time so he can buy a lot of bitcoin and back to here so he can sell his bitcoin in any price he wants. we only can buy bitcoin at now and we have many option price to buy and we can also hold the bitcoin until the price can increase higher like in the last year. although we really want to buy bitcoin at $1, I think it's impossible because bitcoin price now is more than $69xx and we don't have any chance to buy at $1 because it's already happening in the past.
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millensharon8
Member
Offline
Activity: 378
Merit: 13
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August 07, 2018, 08:55:25 AM |
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What wrong with this strategy?
Just a little mistake that bitcoin will never fall to $1, only if blockchain was hacked with a QC or something like that, if it happen it mean that btc is dead and will be $0.
Some people is waiting for the $4k or $3k dip, i guess that bitcoin will never fall bellow this again.
Anyway, if you believe in bitcoin, just buy right now even at $7k and hold 10 years, you don't need to wait $1.
As much as I believe that bitcoin can fall as low as it wants and not assume there would be some pretty strong resistance in some point, I will also say that there are just some values that are ridiculous which is the type OP mentioned. $1 is far from it, and we would be very lucky if we even get to see $1000 or even $2000 and in that case, I am sure no one will be stupid enough not to want to grab those, but all these are more like dreams, and this was the same reason a lot of people missed previous dips in the past while waiting for lower amount and then ending up joining FOMO at the end, before they end up joining when they are already having grey hairs. |
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clarkgeneral86
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August 07, 2018, 09:15:24 AM |
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Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?
A good strategy but it sounds like a joke, the movement of bitcoin is determined by many factors, so if you wait for bitcoin to fall at a price of $ 1, it's very unlikely. He's just a little funny, even the most pessimistic person doesn't think it will happen. Bitcoin to fall at a price of $1, you think it's very unlikely but I think it will never. |
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