Post
Topic
Board Speculation
Re: If bitcoin dropped to $1, what you do?
by
prtty2gal2
on 01/07/2016, 18:07:25 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.
Actually, the high demand will make the price high, considering the basic laws of supply and demand and I'm pretty sure there will be a shortage of supply when the value hits $1 because everyone will try to hoarde as much bitcoin as possible.