Quote from: wormbog on May 23, 2016, 02:45:48 PM

Bitcoin would only drop to $1 if:

(1)another coin emerged as clearly superior and everyone switched over
(2)a fatal flaw was discovered making bitcoin easy to doublespend, steal, or counterfeit
(3)the world's largest nations unilaterally declared bitcoin illegal and punishable by serious jailtime

In any of those scenarios, buying more bitcoin at $1 would be very foolish.

none of these are going to happen.

1) this can never bring bitcoin price down. it might affect it temporarily but not over a long time. there is no reason for that.

2) this will kill it not bring it to $1. flaw = useless which also should be an unsolvable flaw!!

3) meh, not gonna happen either because they can only control businesses not accept bitcoin not the people.