Quote from: Grazyah13 on July 04, 2016, 05:07:45 AM

Quote from: Monnt on April 16, 2016, 12:09:21 AM

Exactly what the title says.

If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?

I personally would buy more bitcoin.

HAHAHA. That was an interesting question huh,. Well if Bitcoin drop to 1 dollar and if I am currently holding bitcoins, I will hold it and buy more because it is only paper loss. For sure after some time it will still rise. Well maybe not to the current price but way above higher than 1 dollar. Imagine, if someone is currently holding 10 bitcoins and he bought it for 600 dollars then suddenly it's price went down, his or her loss is too much more than anyone can imagine. ahhaha

but i don't think that any one will like to buy bitcoin at that level. the people will totally lost their confidence and they many not re ready to buy it any more. let me tell you a story about my exchange. once i bought some shares of Bank Alfalah. the price of one share when i bought it was 23 Rupees. after the assassination of Banazir Bhoto, X prime minister. The stock exchange crashed and the price fell down to 2 rupees. it has past more than 8 years, but still the price is below 4 Rupees. the people have no more interest in Bank Alfalah Shares. But still i have hold it. So what should i do now. either i should buy more share or to sell it the hold bitcoin.