There must be a reason why bitcoin price is dropping from $400 to $1. If the reason is something really bad, then it will not even worth $1 per coins (such as the encrytion has been broken or the network is not functioning anymore...)

If it is not something that bad, and price will still able to rebound, then people will grap as much as they can before it even drop to $1.

Quit. I don't think there's gonna be much coming back from that type of level. Maybe there'd be a few death rattles. I ain't hanging around to see them.

If bitcoins drop that much for a bad reason anything that is bad then that is the end of bitcoin because its hard to come back the price like $400 again with that dropped. Then I guess I'll stop using bitcoins, but before it drops in $1 dollar I'll withdraw and buy anything I want.

Hold hold and hold.
Pray I will pray for all bag holders , including myself...

Keep them as relics and buy more if they are still being traded.

If bitcoin worth dropped to 1$ then I will leave it and will never trust it, the reason I have already bought 20 bitcoin so that it happen I would be big loose, but I don't think this thing now Its never can happen and its value will be again increase.  

As EcuaMobi said, there isn't really enough information as to why it would have dropped to such a low value. For all we know it was one person who sold really low.

If it did go to $1 permanently, however, chances are I would back out of Bitcoin and likely forget about it. The userbase would likely die quite quickly.

buy more, until the price exceeds $100 and then sell most. but I think if bitcoin worth that much means that there is another coin that beat bitcoin.

@Newbies

Bitcoin has already crashed that hard and did fine.

Research MtGox Crash (June 2011) and the subsequent drop to sub $2.00 in Dec 2011.

Those were fun times.


~BCX~

Move to eth or dash...monero, lisk.. you can choose. I don't think that will happen ever. Bitcoin is growing and that is a fact, people can talk what ever they wish, imagined things will always be around don't believe in everything you hear.

And lets say that we see bitcoin drop so low, do you think it will be slow fall or one fast one (bitcoin is now very high)? If bitcoin fall like that I doubt it can survive that kind of fall. Nothing can.