WHAT WILL YOU DO IF BITCOIN DROPPS TO $1,000?

in #cryptocurrency7 years ago

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Steemit is an interesting community avenue to be in and to learn new inspiration from all over the world.As well all know,bitcoin is a cryptocurrency and the first decentralized digital currency.created in 2009,which uses the ‘alias satoshi nakamoto’.Currently,the price of bitcoin in usd hits $16,000+ and still counting.
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Being a new member in the community,i would like to post this question.This question is to those who invested in bitcoin.All comments are welcome,from anyone who understands the ups and downs of the cryptocurrency markets. [image source](https://www.thesun.co.uk/wp-content/upload/2017/03/nintchdbpict000306226097

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buy more & hodl

Good call...even if its at $1,000?

If it dropped down that low, likely the amount of users are not using it. Asking the question why that is. Did government ban it? Is there better technology? Or are people just panic sold?
Asking the right questions will lead you down to answer what you should do if the price went down to $1,000.

yeah...it may be becos lesser amount of people use it...i asked this question becos i discovered that most people sell their already purchased dogecoin...which is know to be d nxt big thing in crypto..simply becos d price is unfavourable
So if it occurs to bitcoin...that means they will sell all the btc they hv left...my point of view though...

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Great info

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