Post
Topic
Board Speculation
Re: If bitcoin dropped to $1, what you do?
by
xht
on 01/07/2016, 13:29:12 UTC
buy as much as possible is the best choice, right? because i am sure it will rebound.
I was a little bit of doubt if bitcoin could rebound or rise again after falling very sharply but someone once said that
while bitcoin have users. Nothing is impossible right ?

Yes and just wait for halving because price after that would be around 1000$ or even more. Just my personal feeling though.

Well if the price of bitcoin is going to be $1, we don't know if the price will jump immediately to $1,000 after an halving for that time.
But maybe for $100 but still we don't know what is going to happen.
I would look and see if it still would make somewhat sense to buy coins then because for the price to be at one Dollar is a bit weird.
If the price would rise for sure after that then I would buy as many as I can at that point.

I would say for an online currency or coin. $1 is a bit reasonable. Because it is better that it has a value of $1 rather than nothing at all.
And if the demand goes high.
The price of it is going to be higher and higher and beat the odds.
I think the high demand will not be able to make a high price if we can very easily get that coin and it's a two sides possessed by bitcoin but not owned by any other crypto coins.