What happens if Bitcoin drops back to $1?

[Mfoniso Nyah]

I don't think Bitcoin will ever drop back to $1. But if it does alot of people will be buying as much Bitcoin.

 

[Trexxxy]

Bitcoin dropping down to $1 seems unfathomable. Of course, everyone would like to get on the investment train peradventure it does. I think it would be hard to purchase some then.

 

[YERUS]

Bitcoin may never drop back down to $1, but what happens if it drops that low? Would you invest a lot of money in Bitcoin at that point in the hopes it rises up again? I think if that were to ever happen, I would for sure jump in and invest. I'd invest like $20 or $50. But if I start to see it rise, I may invest a lot more in the hopes in rises back up to $41,000 like it is at right now.

No one wants such to happen.
If Bitcoin drops back to a dollar, I will invest a lot in it. In fact a lot of people who could not afford it would be jubilating.
Hmm...what if it truly drops to one dollar?

 

[kinqzbitz]

Trust me that will be a huge disaster because nobody really prepared for that and such move will definitely make history as the worst drop of crypto ever

 

[Victorial]

Crypto is volatile, but the volatility will not go as far as bitcoin coming back down to $1 per coin. It is just so unthinkable. The coin is well above the $60k price mark and losing the entire $60k will be difficult.

 

[Ezekiel]

If Bitcoin falls back to $1 it will favour those who do not have bBitcoin as they will all run to buy Bitcoin,but I feel it won't rise to half or this value

 

[greenie]

Bitcoin may never drop back down to $1, but what happens if it drops that low? Would you invest a lot of money in Bitcoin at that point in the hopes it rises up again? I think if that were to ever happen, I would for sure jump in and invest. I'd invest like $20 or $50. But if I start to see it rise, I may invest a lot more in the hopes in rises back up to $41,000 like it is at right now.

I don't know if it's possible to drop so suddenly from 65k to $ 1 but if this happens suddenly in one night for example, a lot of people would go bankrupt ) but, my advice is to study and rely on other small coins that could reach at least 10% the value of the btc ... to increase you still have hopes for a coin ... but to fall from 65,000 $ to 1 $ seems a bit impossible .. suddenly.

 

[ahmedo24]

I just can't imagine this happening, there must be very strong policy especially from the government of United States where we have major holders of Bitcoin for such to happen.

 

[Shigobad2020]

That would never happen when it comes to the price alue of bitcoin,except there is a massive pul;out of the whale investors,and that would not even happened in the first place to that level.But in case it happened,then it is actually a time to invest massively.

Firstly, I dont think theres any possibility that bitcoin will come back to the level of $1, and if at all it will happen , it will be in another age and ers entirely, even bitcoin coming down to $30,000 will never happen this year.

 

[tyrim88]

Firstly, I dont think theres any possibility that bitcoin will come back to the level of $1, and if at all it will happen , it will be in another age and ers entirely, even bitcoin coming down to $30,000 will never happen this year.

That s just the real fact,because with the value bitcoin has reached in the cryptocurency market coupled with the fact that it is the flagship of other cryptocurency and the increasing popularity and usage,it will not even happened.

 

[tusziget]

If the price of the Bitcoin would drop to $1, I would invest my whole salary. I would buy as much as possible, because I would be almost sure, that I would have a high return on my investment. If not now, but after couple of years I would earn a high income from this valuable crypto...

 

[Kaffyfolla]

As for me, it just an imaginative which the probability for bitcoin to come down to that level is zero although nothing should be new in this life

 

[Thinker009]

I actually don't see it dropping to that range again ,instead the price would just continue to move very high and investors that have have invested would make profit reaching $1 dosent look possible

 

[Keibah]

Bitcoin may never drop back down to $1, but what happens if it drops that low? Would you invest a lot of money in Bitcoin at that point in the hopes it rises up again? I think if that were to ever happen, I would for sure jump in and invest. I'd invest like $20 or $50. But if I start to see it rise, I may invest a lot more in the hopes in rises back up to $41,000 like it is at right now.

If that were to happen, I would invest any spare money I have. If it begins to rise, good for me. If it doesn't, I would still be fine anyway. However, I do not see that happening. I think Bitcoin has reached a beak where it just keeps fluctuating.

 

[Immilash]

I don't think the price of Bitcoin will drop back to $1. But if it drops back to $1 many people will invest on Bitcoin. I will also love to invest on Bitcoin if the price drops very low.

 

[btaliat]

If it happens, surely I will invest heavily in it. I can't stand myself losing the same opportunity I lost when bitcoin was around $1. Though this may never happen except crypto crashes which may not likely happen.

 

[Good-Person]

Well, probably, many people will lose billions of dollars of investments. However, I am sure that this will never happen all of a sudden. In fact, I do not believe that this will ever happen until or unless a major crash happens in the cryptocurrency market.

 

[Sotherefore]

This would be a serious rugpulling
.. there are thousands and millions of investors who have invested their hard-earned money in bitcoins hoping for the price to continue in constant uptrend, if this happened then obviously all these investors will be at risk of losing millions of Dollars. Over 1 trillion dollars will be lost.

 

[Laurentta]

I don't think there's a possibility that bitcoin will ever drop to a dollar but if that happens, i wouldn't invest a lot of money with the hope of it rising because it may never rise to a high value after dropping that low.

 

[HayKay]

This would be amazing but I'm not sure it'll ever happen because bitcoin has fortunately joined the class of the valuable assets that one can hold like gold and other physical assets.
It might dwindle in value but not that poorly.