Re: If bitcoin dropped to $1, what you do?

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.

I will also buy more bitcoins @ $1 it will be a dream come true and fuck ETH. ETH is having unlimited coin supply so it will always decrease in price in future, but bitcoin having 21million coins cap will be safe heaven.

If price goes that low then people will go crazy for sure, either by panic or to buy as much as possible, it will depend on individual how he views and react to the situation.

The Bitcoiner will change to fiat money because he won't see anything different in bitcoins he'll just think it is worthless and never use it again.
if Backup is needed then they'll just use there job wages instead of digital currency

yes and i will also not use it any more. i think at that time the bitcoin will be consider as dead. so no one will like to invest in inactive coin. but my personal view is that it is difficult to happen so.

Bitcoin is not dead untill the last few miners and hosted nodes get shut down. At $1 per coin I will buy as many coins as possible. With such a low market cap you can basically see your investment double in value in just a single day. There will always be money making opportunities. What others see as a failure, is seen as a great opportunity by smart people. Wink

That is also I'm going to do and for sure I'm going to earn possible good income out of it. As long as bitcoin has price. Still the value is always there and if many people are going to buy a lot of bitcoins.
The demand of it is going to up again and the price is going to increase again.