What if Bitcoin went back to $1 ?

A

achiever2011

Elite Member

Jr. VIP

Apr 10, 2020

3,303

866

• Apr 13, 2020

• #1

Will you invest in Bitcoin if it goes back to $1? Or will you stay away from it thinking it is dead now ?

 

NX_NULL

Banned - Multiple Rules Violations

Dec 31, 2008

717

931

• Apr 13, 2020

• #2

if it goes to $1, It definitely going to die,.... but at that price point many people buy the one dollar bitcoin. It would temporary jump to $10 and thats the time to sell all ur $1 bitcoin and say good bye to it

 

B1TCS

Power Member

Jan 30, 2018

788

880

• Apr 13, 2020

• #3

You sure don't understand how bitcoin works, it's near impossible this happens

 

Billy Batts

BANNED

Dec 16, 2016

5,883

11,015

• Apr 13, 2020

• #4

What if that other cell swam faster than you?

Never go through IM and business with questions like "What if".

 

punk434

Regular Member

Apr 25, 2015

242

26

• Apr 13, 2020

• #5

achiever2011 said:

Will you invest in Bitcoin if it goes back to $1? Or will you stay away from it thinking it is dead now ?

Click to expand...

It will never.

 

Ruhcoon

Registered Member

Nov 2, 2013

97

18

• Apr 13, 2020

• #6

I have 1.5 bitcoins now. If he drops to $ 1, then at least Warren Buffett will be glad

 

safeSEOboost

Elite Member

Mar 22, 2010

3,277

2,272

• Apr 13, 2020

• #7

achiever2011 said:

Will you invest in Bitcoin if it goes back to $1? Or will you stay away from it thinking it is dead now ?

Click to expand...

$1 buy
$10000 sell

 

D

Deleted member 1207404

Guest

• Apr 13, 2020

• #8

Pretty sure we'd be doomed already before BTC hits $1.

 

Sam Zadworny

Regular Member

Mar 27, 2020

269

153

• Apr 13, 2020

• #9

I don't know much about bitcoin, so my question may be stupid, by doesn't the price of it work like in stock market? I mean, when people sell it, the price drops, when people buy it, price increases...?

 

InfinityPeace

Senior Member

Jr. VIP

Jun 26, 2018

1,150

594

• Apr 13, 2020

• #10

Bitcoin was first designed as a deflationary currency. Only a definite number of BTC will be mined, and once reached the built-in scarcity will cause the value to increase, not decrease. The value of crypto in the market is based on the amount available and the perceived demand for it as an instument of exchange, that is relatively free of banking and governmental control. That value well exceeds $1 per BTC.

 

John4life2017

Banned - Multiple Rules Violations

Jan 15, 2017

2,747

802

• Apr 13, 2020

• #11

Ain't happening!

 

G

gorillano2

Junior Member

Jun 26, 2017

118

43

• Apr 13, 2020

• #12

That will never happen, but if it would I would invest

 

B1TCS

Power Member

Jan 30, 2018

788

880

• Apr 13, 2020

• #13

Sam Zadworny said:

I don't know much about bitcoin, so my question may be stupid, by doesn't the price of it work like in stock market? I mean, when people sell it, the price drops, when people buy it, price increases...?

Click to expand...

Yes, this is correct.

 

yherrliche

Senior Member

Oct 20, 2015

996

870

• Apr 13, 2020

• #14

safeSEOboost said:

$1 buy
$10000 sell

Click to expand...

Exactly, that's why it has trouble reaching the big heights everyone wants. As soon as it gets interesting, everyone sells and drive the price down

 

Leader777

Banned - Shitlisted and did not do the right thing

Feb 2, 2017

4,063

3,659

• Apr 13, 2020

• #15

Billy Batts said:

Never go through IM and business with questions like "What if".

Click to expand...

I like what u just said!

 

SeoArrowLTD

Elite Member

Jr. VIP

Jul 23, 2014

1,626

935

• Apr 13, 2020

• #16

achiever2011 said:

Will you invest in Bitcoin if it goes back to $1? Or will you stay away from it thinking it is dead now ?

Click to expand...

Assuming IF ... will be dead. But it won't reach that.

 

beastkay

Banned - Spamming via PM as well as on the forum

Sep 20, 2018

1,185

444

• Apr 13, 2020

• #17

you don't know anything if you are using your if's like this

 

Followlix

Senior Member

Sep 6, 2018

913

1,063

• Apr 13, 2020

• #18

Sam Zadworny said:

I don't know much about bitcoin, so my question may be stupid, by doesn't the price of it work like in stock market? I mean, when people sell it, the price drops, when people buy it, price increases...?

Click to expand...

Yup.

That's why it won't drop to $1, lol.

 

M

moonshine7000

Elite Member

Mar 4, 2013

4,361

3,999

• Apr 13, 2020

• #19

When governments ban it OP. Central Banks want monopoly so they can print as much money as they want while destroying your purchasing power through taxes and inflation.

 

loukeyzee

Senior Member

Dec 10, 2016

986

718

• Apr 13, 2020

• #20

moonshine7000 said:

When governments ban it OP. Central Banks want monopoly so they can print as much money as they want while destroying your purchasing power through taxes and inflation.

Click to expand...

Will Governments ever ban it?