Bitcoin worth a penny will shed miners. Coin with no miners can't have transactions, can't be sent. A coin with a few miners, low difficulty, and huge sha256 inventory in the world is at risk of being 51% attacked and reorged every day. It is unsafe. Yes it can be sensored and fucked with mercilessly.

There is a threshold for btc price at which it's in a death spiral, and I'm jumping ship into a coin with a different mining algo. I'm surprised people still repeat this nonsense that bitcoin can drop to a penny or even a few dollars and still work. Clearly no clue about security of mining and tradeoffs. Maybe learn how bitcoin works instead of harboring fantasies about buying bitcoins for a penny.