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

i will buy more

Me too, I will buy 10 BTC. Even thou btc will still drop into 0.5$, I would literally earn it until bitcoin will rise again. Because bitcoin is so popular these days and there is always a reason why bitcoin will drop into 1$ per Bitcoin.

It will never drop to that price in future, and if it does then before buying we should check the reason behind it and if there is still scope of price rise then we should go for it.

Obviously, there is actually no chance for bitcoin to drop to that amount but if it does then there would surely be a reason behind that and maybe the reason that took it to $1 it may don't let it grow again so that is something we should see before investing into it.

Most of the users will loose faith in bitcoin and will not prefer to invest in, in fact they will quit bitcoin and will switch to some other better product to make investments.

They would surely turn to something else if they see no potential of growing bitcoin again but later on if bitcoin recovers and starts growing again then people will again start investing and using it.

That is what doing by the investor they always be updated in stock market were they can earn a lot of money then they invest and if they already get more profit they will find another investment company to invest. but in bitcoin price will drop at $1 i think it is impossible for now.