Far from possible but let's just say

[kryptqnick]

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

I'm glad you realize that it's far from possible. If this happens, that would mean I lost some money and that some of my friends lost a lot. I'd be okay, but I know people who wouldn't be. I like Bitcoin, and while I would be mad, I'd probably come back to it at some point, I wouldn't come back right away out of solidarity with those whose lives were pretty much ruined by this. I don't think this will ever happen, though, unless something absolutely devastating like nuclear global warfare happens, and then Bitcoin will be the least of our concerns anyway.

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[layoutph]

What a question dude lols. Veteran crypto traders can HODL more than 50% down. But infairness to me, I was so lucky to ride the first pump of ATOM, LINK and ADA few weeks ago. Thats why my portfolio is in green. But personally I base my buy point before the crypto will pump. You can learn it by learning trading and price action.

[inanilujimi]

All I can say if it happened one morning then I would buy bitcoins with all the savings I had.
I will continue to believe bitcoin forever even when it has no value.

[Emperor of Man]

You chose the wrong sub-forum for your topic, but if it happens I'll buy 1000 BTC.

Even if it goes to zero, what have I lost? $1000? It's alright.

[livingfree]

You chose the wrong sub-forum for your topic, but if it happens I'll buy 1000 BTC.

Even if it goes to zero, what have I lost? $1000? It's alright.

Yeah.

But people must stop overthinking and putting ourselves into a situation that we won't like. Let's just stay in the reality and think of a better situation that we may come in the future.

[Cafex]

It can happen every time actually, even when we are pretty sure that it will continue to go up. Investors are making their investments considering every possible price change. Of course, it would make me really sad if I made a big amount of investment. And if the price is really down to $1, then I would assume that Bitcoin is close to ending and I wouldn't make any investment into it anymore unless I'm sure about it.

[bitcon]

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

I would be really disappointed if it happened. It would seem like everything broke down and there was nothing that I could believe in anymore. Everything in the crypto market depends on people’s trust.

If people cease believing in something and get rid of it, it will dump and vice versa. So if Bitcoin dropped to 1$, it would mean that people got disappointed about it, so I certainly wouldn’t invest in it again. 

[WeedGoW]

You chose the wrong sub-forum for your topic, but if it happens I'll buy 1000 BTC.

Even if it goes to zero, what have I lost? $1000? It's alright.

His question is kinda wrong but also has some merit in it. When BTC did drops down to that price mark meaning it was able to break all the buy wall then you have to ask yourself: Why it was able to do that? A hack or a wrong fork that now there are billions, trillions of BTC circulate in the market? If that were a thing then will you say the same, buy all of BTC as you could with that price?

[blockman]

One day you wake up, and the world government abandons the dollar as a common currency, and the stock markets are below, billionaires are jumping from the windows of skyscrapers, and the US government is preparing to start a new world war, for the right to be the first and the strongest.

Nice reversal and there are more people that rushing to buy bitcoin because it's being used worldwide and can do payments already with most of the merchants.
This is a better situation when we wake up and there's a sudden massive adoption that has been declared in different parts of the world and not only that, there are already a lot of countries that have made it their legal tender.

[carrigan]

If that were the case I would probably choose to scoop up some Bitcoin instead of exiting the cryptocurrency. No one knows how the market is going, maybe if the price drops that much it will rise again later. If the bad possibility doesn't go up and is destroyed, just enjoy the process because in every business there must be risk. There's no harm in trying first than having to end without trying it will be more disappointing.

[judeafante]

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

It's unlikely to happen and only a disruption of the chain can cause that but the blockchain is already ten years old and has gone through a lot it's very stable but if even it goes down to $1 I'll buy with my spare money hopefully at least $300, we never know it could recover and get back on its old price and I will be a millionaire, it could happen to other coins but I doubt the father of Cryptocurrency will crash to $1.

[Sled]

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

The chance of this is near to impossible like 96% that the bitcoin would dip that much. However, if that's gonna happen then I would buy as many bitcoins like max of 300 coins for every dollar each and wait for the market to recover because I know that bitcoin is extremely volatile in any given time. I wouldn't miss that chance to ride a bull if it's going to happen someday, I'd take that as a positive way rather than selling all of my coins just because or the dip.

[CryptoATM]

Never going to happen, we were able to see BTC at 3500$ last year because of CoViD, if Covid never happened there is no way BTC can go way down to 3500$ and you are talking about 1$? Even at 98% value lost BTC can't ever be 1$ per coin

[livingfree]

Never going to happen, we were able to see BTC at 3500$ last year because of CoViD

No. Not because of covid.

if Covid never happened there is no way BTC can go way down to 3500$ and you are talking about 1$? Even at 98% value lost BTC can't ever be 1$ per coin

I think it will be a different story if covid didn't exist but one thing for sure is that we don't know what shall happen by that time and yes, $1 is just very unlikely.

[gwdf1]

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

It's unlikely to happen and only a disruption of the chain can cause that but the blockchain is already ten years old and has gone through a lot it's very stable but if even it goes down to $1 I'll buy with my spare money hopefully at least $300, we never know it could recover and get back on its old price and I will be a millionaire, it could happen to other coins but I doubt the father of Cryptocurrency will crash to $1.

As I know, there are no computers now that can destroy bitcoin's blockchain, but actually, we don't know what will be in the future, and if people invent such a powerful computer one day, it can cause the crash of this chain and maybe Bitcoin will just disappear as a technology. But of course,  I don't admit such a thought and I will continue investing in Bitcoin for a long term.

[ipanks]

I think that happened in the foreign market, the Japanese market, if I am not mistaken, a few years ago. At that time, the exchange made a mistake and made the price at a very low price, so some traders saw that moment and bought as many bitcoins as they could. I can not the source link because I do not save it at that time.

If that really happens, I am sure all of us will try to buy bitcoin instantly with some money, even we will cut loss some altcoin just to buy bitcoin at $1. But unfortunately, that is not happening right now unless the exchange gets a problem with the market.

[repasmal]

I'm holding $FET for a while. They start the stake drop on Mobix. Fet's volume is rising and approach about highest price level in last 24 hours. If it's keep going like that i'll be rich soon.

[Ararbermas]

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

well it depends mate on the situation, i mean of course make technical analysis and get the real potential of the growth rate. If you see there's a chance to rebound then buy. Actually for me on this current situation of bitcoin perhaps short positions is a good idea, because you know this time it seems making more correction so its quite skeptical.. I suggest be smart and invest more time so that you can get more information about the real direction of the growth rate and in order for you to decide as well which move is the best for this current situation of bitcoin.

[repasmal]

Holding $FET is the best thing you can do for now. They have a huge volume and $FET keep's rising. They have a brilliant team and $FET developing project by using AI. So we are rich end of the year.

[sukmo]

Let's just say you woke up one morning and you noticed that something odd is up with BTC and you look closer only to realise that BTC is down to 1$ meaning it's dead to many, would you still decide to buy some or you will exit crypto space instantly

It's unlikely to happen and only a disruption of the chain can cause that but the blockchain is already ten years old and has gone through a lot it's very stable but if even it goes down to $1 I'll buy with my spare money hopefully at least $300, we never know it could recover and get back on its old price and I will be a millionaire, it could happen to other coins but I doubt the father of Cryptocurrency will crash to $1.

As I know, there are no computers now that can destroy bitcoin's blockchain, but actually, we don't know what will be in the future, and if people invent such a powerful computer one day, it can cause the crash of this chain and maybe Bitcoin will just disappear as a technology. But of course,  I don't admit such a thought and I will continue investing in Bitcoin for a long term.

Yes, anything can happen, but for the future I think that with the development of increasingly sophisticated technology, cryptocurrencies will grow bigger because I think that Cyptocurrency will be a digital currency that is very beneficial for life in the future.