What will you do if bitcoin price fall down to $100 ?

[QuestionAuthority]

I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

[pattu1]

I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

Thats what you call Gamblers fallacy It would still be hard to predict where it would be next.

No matter where it goes, I don't think $100 is a long term stable level.
$100 would be the time to buy.

[okthen]

I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

Thats what you call Gamblers fallacy It would still be hard to predict where it would be next.

No matter where it goes, I don't think $100 is a long term stable level.
$100 would be the time to buy.

Yep, at least the first time it hit 100 it would surely rebound.

[erre]

BTC @ 100 USD? WTF!

[Febo]

I would watch a movie.

[malaimult]

I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

That may or may not be a good idea. The price of bitcoin has increased tremendously over the past several years, but there is no guarantee that will continue.

I would not say that you "got schooled" just because you did not buy thousands of bitcoin when the price was low. You were still able to mine when the difficulty was very low and likely earned some amount of bitcoin that made you a decent amount of money.

Plus you have promised that you will never do business with this account

[QuestionAuthority]

I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

That may or may not be a good idea. The price of bitcoin has increased tremendously over the past several years, but there is no guarantee that will continue.

I would not say that you "got schooled" just because you did not buy thousands of bitcoin when the price was low. You were still able to mine when the difficulty was very low and likely earned some amount of bitcoin that made you a decent amount of money.

Plus you have promised that you will never do business with this account

Oh, I wouldn't buy them on here. That's what Localbitcoins is for. As a long term hold, I don't see how btc can't keep increasing in price. Everything else from bread to real estate increases in price over time. Bitcoin isn't going anywhere. If I'm not the benefactor of a drastic increase in price my kids will be.

[kutaka]

I have some money prepared for case it falls down to 200$, I have some prepared for 100$. Without going crazy, though.

[oblivi]

BTC @ 100 USD? WTF!

This. I hope it goes to 1, so I can buy 1 million 

[Somekindabitcoin]

there's only one thing to do: SUICIDE

I bet my whole life on bitcoin.

If it crashes, I am already dead.

He bet his whole life which is why he stole 80k worth of bitcoins.

[malaimult]

I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

That may or may not be a good idea. The price of bitcoin has increased tremendously over the past several years, but there is no guarantee that will continue.

I would not say that you "got schooled" just because you did not buy thousands of bitcoin when the price was low. You were still able to mine when the difficulty was very low and likely earned some amount of bitcoin that made you a decent amount of money.

Plus you have promised that you will never do business with this account

Oh, I wouldn't buy them on here. That's what Localbitcoins is for. As a long term hold, I don't see how btc can't keep increasing in price. Everything else from bread to real estate increases in price over time. Bitcoin isn't going anywhere. If I'm not the benefactor of a drastic increase in price my kids will be.

The you can't buy them on here comment was kind of a joke.

I think on a NPV measurement, bitcoin is a good buy at sub 100 (or at 350) however it is not a guarantee that bitcoin will succeed over the long term. A major threat to bitcoin is that some competing altcoin overtakes bitcoin in terms of usage/value/adoption - if this does happen it would likely be because someone comes up with some new algo like PoS (except not a piece of shit, and actually better then PoW).

Another thing that bitcoin depends on is the continued advancement and continued development of technology, especially in the developing world. As it stands now it would not be technologically feasible to use bitcoin on a large scale in most 3rd world countries as it would be too easy to launch double spend and MITM attacks against people receiving bitcoin

[fewcoins]

You guys lost credibility calling bitcoin a good buy at 900... You took another chance calling the bottom at 850,800,700,600,500,400....... Now it is just annoying and ridiculous

[Markos]

I'll be waiting for cheaper bitcoins and really low cost per transaction

[QuestionAuthority]

I think polls like this are flawed. Every bitcoin fan thinks they would buy buy buy if the price gets to 100. And perhaps if it is manipulated in some fashion it could. But sentiment would be absolutely at rock bottom and most people would be too afraid to act.

Now it is far more likely that we retest a low 3xx number, that is when most people will buy, and the reason why I think we will never get anywhere near 100

Not me, I've been schooled the hard way. I sat and watched Bitcoin hover at $2 for a long time and never pulled the trigger at buying but I did keep mining (thank God). Looking back I wish I had just invested $5k and I won't make that mistake again. I'll buy with everything I've got if it ever drops below $100 again.

That may or may not be a good idea. The price of bitcoin has increased tremendously over the past several years, but there is no guarantee that will continue.

I would not say that you "got schooled" just because you did not buy thousands of bitcoin when the price was low. You were still able to mine when the difficulty was very low and likely earned some amount of bitcoin that made you a decent amount of money.

Plus you have promised that you will never do business with this account

Oh, I wouldn't buy them on here. That's what Localbitcoins is for. As a long term hold, I don't see how btc can't keep increasing in price. Everything else from bread to real estate increases in price over time. Bitcoin isn't going anywhere. If I'm not the benefactor of a drastic increase in price my kids will be.

The you can't buy them on here comment was kind of a joke.

I think on a NPV measurement, bitcoin is a good buy at sub 100 (or at 350) however it is not a guarantee that bitcoin will succeed over the long term. A major threat to bitcoin is that some competing altcoin overtakes bitcoin in terms of usage/value/adoption - if this does happen it would likely be because someone comes up with some new algo like PoS (except not a piece of shit, and actually better then PoW).

Another thing that bitcoin depends on is the continued advancement and continued development of technology, especially in the developing world. As it stands now it would not be technologically feasible to use bitcoin on a large scale in most 3rd world countries as it would be too easy to launch double spend and MITM attacks against people receiving bitcoin

I'm betting that the economy around Bitcoin is too large for a takeover by an alt but that is just a bet.

[kutaka]

You guys lost credibility calling bitcoin a good buy at 900... You took another chance calling the bottom at 850,800,700,600,500,400....... Now it is just annoying and ridiculous

You guys lost credibility calling bitcoin a good buy at 900... You took another chance calling the bottom at 850,800,700,600,500,400....... Now it is just annoying and ridiculous!
x2

Lmao troll forgot to switch accounts and replied to himself!:DDD

[botany]

I'll be waiting for cheaper bitcoins and really low cost per transaction

How much cheaper? $350 is good enough for me. 

[neurotypical]

I'll be waiting for cheaper bitcoins and really low cost per transaction

How much cheaper? $350 is good enough for me. 

I hope it goes sub 100 so I can sell my house my car and my laptop to buy a lot more

[erre]

I'll be waiting for cheaper bitcoins and really low cost per transaction

How much cheaper? $350 is good enough for me. 

I hope it goes sub 100 so I can sell my house my car and my laptop to buy a lot more

Btc will be never sub 100.
I sold my house when it was @1000 usd, I estimate ROI in 2016.

[fewcoins]

I'll be waiting for cheaper bitcoins and really low cost per transaction

How much cheaper? $350 is good enough for me. 

I hope it goes sub 100 so I can sell my house my car and my laptop to buy a lot more

Btc will be never sub 100.
I sold my house when it was @1000 usd, I estimate ROI in 2016.

HAHAHHAHAHAHA GOOD LUCK TO YOU! 

[galbros]

I imagine some others have made this point, but it depends on WHY bitcoin has fallen to 100 USD. 

If it's because US bans it's citizens from holding bitcoin, sort of like what they did with gold back in the 1930s, then that is very different that it just falls because someone hacks Satoshi's private key and dumps his coins on an exchange.  It's also different if it's because there is a problem with the actual protocol itself.  The first two are probably buying opportunities, the latter will probably mean I'd be excited to sell for 100 USD.