Topic: Bitcoin Price Dropping ? How can I Protect The Value Of My Bitcoin. (Read 4013 times)

you obviously don't understand what I was trying to say. perhaps think it over again?

You can take precautions...I don't agree with the alt coin suggestion thats basically a game of lottery because they are all pump and dump..none of them are going to be getting to a valuable number. You will be earning $100 maximum a month with alt coin and that's if you are very lucky and got in early.


You are right that you can't 100% protect your Bitcoin value...but you can help as long as people are buying more than they are selling the Bitcoin value should continue to rise. I hate to say it but we need a massive story line to hit the news even if it's bad as that would get Bitcoin out there again and maybe attract other people into this unique concept.

My point exactly.

Lets take an average number here 50% of their wealth on a 5 year average persons net means roughly $250,000 dollars (serious Bitcoin Investors) if they bought in even at 100 dollars a coin that is still 2500 coins. I can turn that 2500 Bitcoins into over 5000 Bitcoins in a month. So you serious bitcoiners ask yourself can you do that, is sitting there watching the price of bitcoins go up and down getting you the return you desired? I have been in this industry less than a year, I have a 3 month ROI on the machines I buy (most everyone else has a 6 month to 8 month ROI) I came from Forex trading and building and selling businesses to this. And like I said it is truely sad to see how many (serious bitcoiners) can not see past their hand in front of their face. I am sorry to be so blunt but truth is truth my friends. I have this horrible image that most of the serious bitcoiners got in while the getting was good and now it seems they are just sitting on these coins, sitting watching and waiting like some wallstreet brat who thinks if he buys a stock and allows the company to do all the work he will get rich in the end. This is not the stock market, if we as investors dont do what needs to be done, and we all sit on our wallets and watch the price, we will never make the returns we want. Im just saying if we dont do it, the developers sure are not. It seems their one track minds are concentrated on people and companies using the coins, which at this point is not helping bitcoins value only its awareness. what I see in this industry is a whole lot of sitting around watching and waiting, no one actually (serious) about anything.

And here is just some proof


As you can see and much like fewcoins pointed out traders are just completelty ignorant to what they are doing. We have so many infants, people so stupid they jumped in trying to play the wallstreet games but knew nothing about wallstreet. To even put numbers like this person put only shows exactly how stupid he really is. The pattern he shows in his example is a full proof definition of how NOT TO TRADE. in investment schools this is the examples they use to show you what not to do when trading.

FYI the basic trick in trading is to buy low and sell high, not buy high and hope to sell higher HAHAHA.

Well you considered that if you bought at 1,000 which was the peak so anyone buying at that level is a complete idiot... regardless who the hell can only afford $100 of risk?! In the bitcoin world a quick couple hundred dollar movement is not uncommon so why even play this game if you can't double up when you're down $500/coin

...lets be serious here, you don't know how to trade...

who is spreading strange advices like this? I read it all the time

what is better?

a)
you bought 1 BTC at $1.000
begins to fall, so you "lower average", 1 BTC at 800
continues to fall , so you "lower average", 1 BTC at 600
continues to fall , so you "lower average", 1 BTC at 400
continues to fall , so you "lower average", 1 BTC at 200
continues to fall , so you "lower average", 1 BTC at 100
you got 6 BTC for $700 avarege ($3100 total)

WORST CASE (never comes back): you lose over $3.000

b)
you bought 1 BTC at $1.000
begins to fall, so you sell 1 BTC at 800 (lost 200)
it falls below $100, comes back, and starts a trend on daily, you buy BTC 29 at $100 ($3100-200=$2900)

WORST CASE (never comes back): you lose $200

Best way is to keep buying so you lower the average you paid for your bitcoin so you minimize losses 

Best way to track all infos.
And then invest or try to earn little more.

maybe best thing is to collect data and then create your own chart for this.

You cant protect anything in price
you can only try to small down losses with some altcoin

Only suggestion

I'd go with this yeah.  Unless you can truly monitor the price everyday or maybe have a good feel for such price predictions, then it'd be worth trading.

People always think about the volatility and don't think that how many people are going to be affected in the process. that we are all going to be in this together.

This will not protect someone from the price of bitcoin declining over the short term. All this would do is allow someone to profit more if/when the price of bitcoin were to increase substantially over the long term

ok, How to keep informed?i mean what kind of news paper do you read?NEW YORK TIMES or Washington Post?

Most people have probably already invested over 50% of their wealth into Bitcoin (serious Bitcoiners)

Averaging down only works if the price goes up again in the future, but if it doesn't - you lose money or if it doesn't soon enough - you lose many opportunities to make money. Diversification to other prospective crypto technologies is another way to protect the value of your Bitcoin. This approach allows you to stay in the sector but be less sensitive to price drops as the correlation between different crypto technologies and Bitcoin is not 100%.

As a bitcoin miner I can tell you it is still profitable mining bitcoins, as a good bitcoin miner I can also tell you there is much more to Bitcoins than Mining Bitcoins themselves, if you mine Bitcoins thru a pool, you will make double your costs even at the present conditions of bitcoins. If you do what i do you can make 2 to 4 times as many BTC with your machines.

It is easy to read and belive what you read, it even more easy to spread the disbelief and crap you see. Its hard to make the investment and see the results for yourself.

Simple conclusion do not believe everything you read, and most certainly do not take anything in the mining section of this forum as good advice. I have found a lot of miners on here know nothing about mining, and even less about bitcoins, they make one wrong move one big mistake and lose their butt and spread lies about how mining is not profitable. If its not those people its the greedy selfish miners who want it all for themselves so they tell you its not profitable, then you tell your friends who tell their friends.

Why would they do this, very simple common sense and the most basic of logic. I am a miner I see the price dropping like flies, if I see you are looking to invest in either buying bitcoins or buying machines to mine I know i want and need the price to rise, if you buy machines your just gonna dump the coins, that will not increase the value, so If I advise you to buy bitcoins and you advise 10 people who advise 10 people who advise 10 people to just buy bitcoins and not mining equipment I have just secured an increase in my bitcoins and I can sell them for more this week than i did last week.

If there is absolutely anything I have learned about the members of this Forum, very VERY few members are here to help you, nor do they care about you, heck most of them do not even care about Bitcoins, they care about one thing making money, not making bitcoins, making money. Remember this as you scour around and research about bitcoins. Do your own diligent research take nothing you read anywhere as truth. I ignored everything I read and went at it myself. and I have a ROI of 3 months on the machines I bought. Thats right folks I have paid my machines off in 3 months, not 6 not 8 I paid them off and now have a return on their purchase price in 3 months flat. So to be quite honest look at my posts how many do I have, then look at people who have 2000+ posts telling you its not profitable, you cant get a return blah blah blah, then ask yourself if a noob who researches and does good can get a 3 Month ROI what does this tell you about a veteran miner who cant?

just hold, or buy some in low price and sell, it can cover losses.
but the problem is if we invest in bitcoin mining, it is not profitable with the current price 

If you are a true investor, the best thing to do when the Bitcoins price drops is buy buy buy. add to the coins you already have in storage and lower your overall investment costs.

DEFINE

You buy 100 BTC @ 600 dollars

Price drops to 300 dollars

you then buy 200 BTC @ 300 dollars

Overall cost of each BTC for this investment 400 dollars per BTC

ADDITION TO SCENARIO:

Price rises back to 1BTC @ 1000 dollars

Profit on selling off your complete investment $180,000.00

OR buy a nice vacation condo in Spain and make cash value for that investment every month or maybe even every week.

Its is so amazing how many people are so under-educated on how investments work. Bitcoins are no longer in their infancy its the idiots using bitcoins that are the infants. Sorry to be so blunt. but as I have watched and searched its amazing how many people see one thing TRADABLE CASH VALUE, but in their blindness they do not see how many other ways they can turn Bitcoin into cash without selling them off to an exchange.

I try to protect the value of my Bitcoin by running a full node. To be honest, I am not sure I should upgrade it when it runs out of disk space near the end of the year.

Bitcoin exchange price doesn't matter until you lose willpower and make the mistake of exchanging bitcoin for fiat.

I stopped reading at "when the market falls, get out".
You are a SHEEP. **weak hands**

/thread.