Quote from: setupbounds on August 17, 2016, 11:52:10 AM

Quote from: boyptc on August 16, 2016, 01:48:32 PM

Quote from: raver36 on August 16, 2016, 01:12:17 PM

Quote

If bitcoin dropped to $1, what you do?

BUY

That is what I'm going to do too if the price is going to be at that price then is going to be the right time to buy a lot of bitcoins. But I hope if that happens I have enough funds for buying a lot of bitcoins because I do believe that if that happens there is going to be a come back for the price increase of bitcoin by that time.

I would not actually just dive in and hoarde all coins when it drops to $1. I will be considerate of the nature/trend of bitcoin when that time happens. You never know, bitcoin might actually be dead when it drops to that price and buying them would just equate to a waste of money.

It means I just want to say bitcoin will not drop to $1, if it will go that much lower then bitcoin economy will be collapsed.

Yeah its better to wait and watch what happens after that, if price starts to rise again then we can manage to buy some bitcoins even if at some higher price.