Topic: Bitcoin Price Dropping ? How can I Protect The Value Of My Bitcoin. - page 2. (Read 4013 times)

true, but "the iphone wasn't the first smartphone", IBM Simon was.

advanced technologies win everytime.

compare bitcoin to actual money ... and wait, only wait.

just hedge your bets.  convert some BTC to USD while it's downtrending, then buy back at lower prices.  if you feel iffy holding USD in an exchange, there's nubits.

one way to protect your coins is with futures

use coinapult

If you had a way to determine a real fundamental value for bitcoin you could buy when an exchange traded below that and sell when it went above it.

You'd also have something worth following instead of this BS.

-C.

Didn't understand it to be true. Either you are saying convert usd to BTC then use them to purchase. Why would someone go through that hassle.
Or you are saying buy with the bitcoin you have!! Then the same bitcoin price is lowering. And you would have to pay more to buy the same. Because all the products in market are still based on USD, you just can pay with BTC.

I think there are two ways... Easy and simple one is : Hold ( only if you believe in it and you can lose the amount you invested.
2. This is a bit difficult, find a way that pays you about equal to what is reduction of price. Like if in a month's time the prices decrease 20% then see where can you find that return and invest there.. .like in mining or somthing else. (here also, invest what you can loose.)

I suspect its a new user created to promote a service which profits off of peoples insecurities.

It would be interesting if any of these products could provide evidence that they outperformed the investment practice of simply buying and holding.

And, @Bitcoin_Rise was a bad idea because...

Simple, if price drop buy much more bitcoin as you can, safe and hold your bitcoin until the price rise again.
don't panic! That's the point.

Volatility isn't the only concern users should have with security.
Cost of insurance, the cost of tax exposure from state thieves, and the cost of hot wallets and exchanges stealing funds is always a risk.

Just hold them for the long term.
The value protection mechanism of bitcoin is wired into the protocol. 

agreed

I am wondering about what bad news about Bitcoin you are talking about.
If it is just the price drop, than I don't care.

okay sorry i went on  rant for nothing.... mostly retailers don't ever see or hold a BTC, it's handled by bitpay and the retailer get their fiat, unless they pre select to keep a % of the BTC collected from a sale. Every sale on bitpay is a potential drop in price without buying pressure and i don't believe bitpay offers enough incentive for customers to pay with bitpay. they only offer merchants incentive to accept bitpay as a form of transfer.

The best thing to do is buying more bitcoins and then keep in safe.

Who said (or even implied) that it was close to "a majority"?  What I said was it was "a potential".

In any event, when the retailer converts to USD, someone out there is buying the BTC. 

bitereserve.org doing that think. When bitcoin price drop you can change them with fiat money there to protect your bitcoin value. But i think the real answer of your question is that you must start to think that 1Bitcoin = 1Bitcoin and not = with a fiat scam money. This is a real value and not a paper scam bank value

I don't really think even the majority of sales via bitpay involve a bitcoin newbie purchasing bitcoin from a third party or exchange and then using this bitcoin to buy something.


example: http://www.mensocks.nl/ - these people accept bitcoin locally instore, mainly because they are friends with a local bitcoiner. I can almost tell you straight up that no person goes to a local bitcoin ATM machine pays 7% premium above market price, then takes these BTC and spends them on something which they could have just bought with their euro without having to pay 7% to buy BTC.

The only people who buy socks there using bitcoin are people who already owned bitcoin. No buy pressure only sell pressure.

Apart from retailers who ONLY accept bitcoin for their produce i find it hard to believe joe bloggs would go buy bitcoin and then use this to buy something he can normally buy with fiat. Bitpay is a tool for bitcoin holders to spend their bitcoin and push the price down, probably set out by rothschild types.

edit: another local example - https://www.thuisbezorgd.nl/en/. food delivery from almost every takeaway restraunt in the netherlands. via proxy almost all food delivery accept bitcoin. do the stores ever see a bitcoin...... nope.

would joe bloggs go buy some bitcoin to order his pizza when he can do it quicker and easier with cahs or credit card. the only people i know spending BTC on https://www.thuisbezorgd.nl/en/ are people who hold BTC.
 

Exactly. People can not out think the market and are mostly gambling by day trading. For almost all users there is always a larger whale that can move the market more than you can or someone with better insider trading information than you have.

Unless you are going to make a career off studying the market you are much better off buying and holding and buying more when it crashes and making a policy of never selling at a loss.