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Author Topic: WHAT WILL HAPPEN WHEN 1BTC=1$ ?  (Read 1890 times)
xkrishna (OP)
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November 04, 2014, 04:40:36 PM
Last edit: November 05, 2014, 04:47:53 AM by BadBear
 #1

[HOT] WHAT WILL HAPPEN WHEN 1BTC=1$ ?

Lets think !

Post your thoughts

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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Vod
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November 04, 2014, 04:41:25 PM
 #2

[HOT] WHAT WILL HAPPEN WHEN 1BTC=1$ ?

Lets think !

Post your thoughts

There might be a couple suicides I would guess.  Dropping from $1,200 to $1 is a large financial hit even if you own only one bitcoin.

(You might want to lock the duplicate thread)

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schutzhund
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November 04, 2014, 04:44:17 PM
 #3

[HOT] WHAT WILL HAPPEN WHEN 1BTC=1$ ?

Lets think !

Post your thoughts

There might be a couple suicides I would guess.  Dropping from $1,200 to $1 is a large financial hit even if you own only one bitcoin.

(You might want to lock the duplicate thread)

And I might be the one in them. Op you could have said when it dies i mean come on 1$
xkrishna (OP)
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November 04, 2014, 04:58:05 PM
 #4

lolz, bitcoin trading sites will crash, everyone will want to exchange with another coins !!!

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November 04, 2014, 06:03:01 PM
 #5

I be happy no more altcoins just Bitcoins.
--Encrypted--
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November 04, 2014, 06:11:31 PM
 #6

a LOT of people will be very unhappy.
but on the bright side, there will be no more silkroad (and some sites like that). and I can buy a lot of BTC and pray that the price will rise again  Grin
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November 04, 2014, 06:12:13 PM
 #7

There will be a couples of suicides,murders and blasphemies without any ends  Grin Grin Grin. But I don't believe that this scenario will happen, there are much interest under bitcoin.
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November 04, 2014, 06:12:19 PM
 #8

Mining companies like KNC, Cointerra and Bitmain will go bankrupt probably because of rising electricity costs. Mining only 100 bitcoins a day would only be 100 bucks compared to their electricity prices in the sub 10k per day prices. Also all of the mining equipment will go to shit and the difficulty will drop a lot. Of course, there will be hopefuls who will start mining it at the low difficulty, but not competitively.
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November 04, 2014, 06:16:05 PM
 #9

Mining companies like KNC, Cointerra and Bitmain will go bankrupt probably because of rising electricity costs. Mining only 100 bitcoins a day would only be 100 bucks compared to their electricity prices in the sub 10k per day prices. Also all of the mining equipment will go to shit and the difficulty will drop a lot. Of course, there will be hopefuls who will start mining it at the low difficulty, but not competitively.

100 bitcoins a day? that's galactic
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November 04, 2014, 06:30:18 PM
 #10

Mining companies like KNC, Cointerra and Bitmain will go bankrupt probably because of rising electricity costs. Mining only 100 bitcoins a day would only be 100 bucks compared to their electricity prices in the sub 10k per day prices. Also all of the mining equipment will go to shit and the difficulty will drop a lot. Of course, there will be hopefuls who will start mining it at the low difficulty, but not competitively.

100 bitcoins a day? that's galactic

I remember the day you could make 100 bitcoins in an hour.   Undecided

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November 04, 2014, 06:33:29 PM
 #11

BTC users will lost thousand of $,
I hope the price rise the next year, btc needs halving soon

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Somekindabitcoin
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November 04, 2014, 06:45:41 PM
 #12

Mining companies like KNC, Cointerra and Bitmain will go bankrupt probably because of rising electricity costs. Mining only 100 bitcoins a day would only be 100 bucks compared to their electricity prices in the sub 10k per day prices. Also all of the mining equipment will go to shit and the difficulty will drop a lot. Of course, there will be hopefuls who will start mining it at the low difficulty, but not competitively.

100 bitcoins a day? that's galactic

I've said this because the difficulty would drop like a rock due to low prices of Bitcoin making it unprofitable for miners. This is the reason you could mine even 100 an hour (like Vod said from back in the old days).
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November 05, 2014, 04:43:10 AM
 #13

1BTC = 1$

Come on, a dollar can't get that valuable...  Grin

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November 05, 2014, 05:45:26 AM
 #14

It would make many investors suicide as a result of getting bankrupt or losing all their hard earned money.
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November 05, 2014, 05:54:30 AM
 #15

Ten thousand bitcoiners will each buy and hold BTC1000 and the markets will continue to be manipulated down to USD $0.01 per BTC.

Saying that you don't trust someone because of their behavior is completely valid.
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November 05, 2014, 06:02:38 AM
 #16

Many people lined up to jump out the office windows.
Me, i will be buying 100 btc just in case it goes up again.

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November 05, 2014, 06:03:39 AM
 #17

Not much would happen. A TON however would happen at 250, 150 and 50.

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November 05, 2014, 06:18:29 AM
 #18

1BTC = 1$

Come on, a dollar can't get that valuable...  Grin

Good one. Smiley

It can happen only if dollar appreciates.
When you can buy an airplane for $1...
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November 05, 2014, 06:45:18 AM
 #19

Hmm Greenspan calls QE a failure.

That guy still around ? Must be about 130 years old ??!

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November 05, 2014, 07:11:11 AM
 #20

IMHO I don't think that will happen (and majority of people posting in a bitcoin forum don't believe that too).
But BTC really reaches 1$ of course it wouldn't be nice for those who invested thousands of dollars in bitcoin.
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