What would you do if BTC fell to $100?

[pinksheep]

If Bitcoin fell to $100 & you only had 2 options, would you only hold what you've got & think to yourself this could be the end of BTC or would you buy more thinking this a great buying opportunity?

[pinksheep]

the reason I'm not including the sell option is that I'm thinking about what I personally would do & sell definitely would not be an option

[Ibian]

This belongs in Fantasy.

[pinksheep]

so is BTC falling to $100 a fantasy which couldn't happen?

[bitcoinsrus]

I remember (recently) when it hit 100+ on btc-e.  It shot back straight away (many buy orders)
I guess it wouldnt last long.

[lynn_402]

If it gets to that level, I'd consider this as a huge opportunity, since I know cryptocurrencies have much, much more value than that.
I would not think twice on taking a loan if it gets there, however I highly doubt it will.

[Toxic2040]

I got into bitcoin when it was under $50. If it fell to $100 I would do what I am doing right now anyway. Buy as much each week as I am comfortable investing long term and hodl.  

[pinksheep]

Bitcoinsrus, when did that happen?

[joksim299]

Buy all of them.

[bitcoinsrus]

Bitcoinsrus, when did that happen?

http://www.reddit.com/r/Bitcoin/comments/1xifac/bitcoin_fell_to_100_usd_on_btce/
(more than 2 months ago) feb 9th 2014 btc-e fell to 102
bitcoinwisdom.com select btc-e tab
select 1d for time interval and see that 102 red candle down in the middle
it was there (but not for long)

Whoever had buy orders at 102 on feb 9 2014 did very well

[pinksheep]

wow, they sure did! I had no idea anyone could have bought at that level at any time this year. Maybe I should look into exchanges after all Presumably some could have got them at $200 etc since then?

[bitcoinsrus]

wow, they sure did! I had no idea anyone could have bought at that level at any time this year. Maybe I should look into exchanges after all Presumably some could have got them at $200 etc since then?

Well, look at the bitcoinwisdom chart I showed you, it looks out of place (that red candle all the way down) because someone literally dumped a lot there.  It would be like (what I believe as) impossible for someone to do that again (in my opinion) at this time.

But btc-e has cheapest prices, so anything is possible.

[Malin Keshar]

Buy more and HOLD


TONIGHT WE WILL HODL IN HELL!

[pinksheep]

wow, they sure did! I had no idea anyone could have bought at that level at any time this year. Maybe I should look into exchanges after all Presumably some could have got them at $200 etc since then?

Well, look at the bitcoinwisdom chart I showed you, it looks out of place (that red candle all the way down) because someone literally dumped a lot there.  It would be like (what I believe as) impossible for someone to do that again (in my opinion) at this time.

But btc-e has cheapest prices, so anything is possible.

The reddit link you posted seems to say that it was a mistake so it probably won't happen again 

[Markos]

I'll wait to dead cat bounce and short more bitcoins on the top

[Ibian]

I remember (recently) when it hit 100+ on btc-e.  It shot back straight away (many buy orders)
I guess it wouldnt last long.

I saved that as a picture. Was pretty funny. However, the price did not actually drop to 100. There was merely not enough buy orders ready to soak the coins on the way down. That is not the same thing.

[kireinaha]

The only rational reason for a drop to $100 would be if there was an unrecoverable protocol flaw or the US declared war on bitcoin; so I'd get out at that point.

Based on our current trend alone (no X factors) there is no way it would reach $100. My analysis shows we will likely fall a bit more, perhaps to the $360-$380 range, but that will be bottom.

[firejuan]

I would buy my Coinbase limit.

[djangocoin]

Moar! :]

[smoothie]

load the boat....back the truck up....and get me as many as possible.