If Bitcoin never goes past 5-10KUSD again, what is the best action?

Lucius

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Quote from: poopsmear on November 22, 2019, 06:23:02 AM

~snip~

So you're disappointed that nothing has happened since the last time you looked at the price of Bitcoin, and that was maybe two years ago when everyone thought for a moment that they would get rich overnight (though some have certainly got rich)?

If you ask questions like this, you really don't know anything about Bitcoin. The very assumption that price will never go above $10k is totally unrealistic, it is enough to look at the history of Bitcoin to conclude that the price is constantly increasing, but that there are also periods of correction and accumulation.

The combination of unfamiliarity with the basics and impatience are your biggest drawbacks, therefore, it is most important that you clarify some things with yourself. No one has the power to predict for sure exactly what will happen and when, but most are here because they believe Bitcoin has a bright future

Casdinyard

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Why don't we perceive this positively? Sorry but I see this as time to accumulate again and yeah it could possibly dump more because of the weak hands. Why don't we use it to hold more and wait for the halving? It might sound cliche but hey try to look at the graph when the last halving happened. Sort of confident out of it.

Anyway, you'll just loss more the moment you sell your bitcoin.

Inkdatar

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Actually bitcoin price is unpredictable and we're not new seeing the declined of the price. If never goes to what we expected, I will not sell into losing of my btc. Price is very volatile and we cannot judge the market if what price it will reach. However, we should not be panic in this kind condition of the market we have the option to hold our btc or accumulate some since in my opinion I believe the price of bitcoin could at least recover once more adoption happens.

Furious 7

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I think bitcoin will pass 10k USD after such a severe decline, the rally will continue after approaching haling next year with this condition many are panicking so many are selling and spreading FUD news about bitcoin, although I am calm with a dump like this and will go up after the market conducive.

Slow death

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Quote from: poopsmear on November 22, 2019, 06:23:02 AM

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

How many people are currently involved in the bitcoin world and how many people are there in the world? How many billionaire people bought a lot of bitcoins? how many millionaire people bought bitcoins? How many banks and companies bought bitcoin? How many bitcoins are in circulation and how many bitcoins will be in circulation in the coming years? The price in the coming years will be over $20.000

perla

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Quote from: poopsmear on November 22, 2019, 06:23:02 AM

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

I will not do anything if dumps keep happen. I mean if you not buy it yet, wait for lowest price and usually it will stable for a while. After that, you can take any action like to buy it again if you still believe. And same thing that i do when i already bought bitcoin, because will be hurt if i cut lose it. Better to do same thing, and then trade in low price and try to get capital back.

Shenzou

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Quote from: poopsmear on November 22, 2019, 06:23:02 AM

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

So bitcoin has a limited supply and the chances of it staying in this price range for the next 10 to 5 years are very slim, and even if the prices bounce back between 10 and 5k there is still potential in that , there is 5k profit to be made so people will still hold it and traders will still trade it, as of adoption i think that having a more stable price will actually increase it and not hinder it .

peter0425

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Quote from: pakhitheboss on November 22, 2019, 12:15:46 PM

You are one of the few people here SMART ENOUGH to ask serious questions, and consider the possibility that people were wrong about bitcoin.

Bitcoin was nothing more than a bubble and a Mania, and now that bubble is bursting. What you do not understand is that bitcoin will go much LOWER than 5,000, it will eventually go to its intrinsic value of near zero...

The future of crypto currencies is GREAT, it is the future of money 👍👍👍 It will NOT be bitcoin though, which is backed by nothing. The crypto of the future will be backed by gold, oil, government, or some other real asset.

Hard Facts

Quote

My friend I have been hearing the same from Bitcoin haters that it will go to zero very soon, it has not for the last 10 years of its existence. In the meantime those cryptos backed by those blah blah have all faded away or will slowly become zero.

Until then you keep on going with your hatered, where as others are accumulating more Bitcoin at this level. Cheers!!

for how many times people like this are coming from nothing just to make bad reputation for Bitcoin specially when fall is happening.

but the "HardFacts" is?when bull comes and market return to greening then suddenly those accounts becomes inactive and has nothing to say anymore,oi remember couple of years ago there was this account named "Zombie" that posting nothing but against Bitcoin and the fall of the ranked number 1 coin day after day,but Bull comes months after then the man just got lost and never seen again.
maybe lets just leave them alone for their sentiments because a bitter person are helpless lol.

Eugenar

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Quote from: dimox on November 23, 2019, 04:07:18 AM

believer will always believe on bitcoin.
when bitcoin price cant reach what you mean, i think the best think i can do is trading my coin, so it can be multiple without waiting too long, and its good choice when the fact is come true.

The same way goes when I decide on my holdings of bitcoin in the market. I will consider trading it to the stable coin, but if the market of bitcoin continues to decline or stay in a lower price for a long time, I would probably decide to choose other volatile cryptocurrencies for me to have profits. I wonder why there's still keeping their bitcoin despite of the market price downfall, trying to believe and do nothing just watching their assets fall down. I advise to trade and become smart so even in the declining market we can still have profits.

michellee

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You know what, if bitcoin rallies up and down between 5-10k, we should try to make a profit from that price. I am sure we can get as much money as we can because the price will be up and down many times. That is the best action related to the situations, but that will need more analysis to detect the good price to buy and sell.

Yes, that will affect cryptocurrency adoption, and who knows, if bitcoin moves on that price, many people will have an interest in cryptocurrency, and they will enter the crypto space. But we don't know the real effect that will happen later so we should continue for what we did before and let the market decide.

If your scenario happens, then we can use cryptocurrency as the investment only. And we don't have to worry because, in the long term, cryptocurrency will increase again.

Shasha80

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Why are many people confused with the change in bitcoin prices, even though bitcoin is volatile so prices sometimes go down but
sometimes it can go up. This is not something strange, if it has been a long time in the world of crypto will definitely understand
what action should be taken. I personally will give a simple answer, if the price of bitcoin falls below $5000 it's time to buys and if
bitcoin price goes above $10,000 it's time to sell.Indeed not there is a special answer related to the problem of bitcoin prices. But
for those who argue bitcoin will one day go to zero price, which means it's not has a value. This is a misleading opinion, in my
opinion it is very unlikely bitcoin to the price of zero.As long as there is still supply and demand bitcoin prices are not likely to go
to zero.

dimox

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believer will always believe on bitcoin.
when bitcoin price cant reach what you mean, i think the best think i can do is trading my coin, so it can be multiple without waiting too long, and its good choice when the fact is come true.

CryptoBry

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The current position of Bitcoin is just the display of its volatile character. For the past many years, Bitcoin has had been declared to be DEAD but just like the legendary Phoenix it kept on resurrecting itself and rising. The volatility of Bitcoin is a two-edged sword, many will not like it but there are those who are excited to see it go up and go down like lightning. With so much energy infused into it, Bitcoin is emerging as a class of its own.

Now, because Bitcoin is on the decline, it would be natural to hear many negative comments about it, proclaiming it to be a big failure and will soon be zero in value. All I can say is that these people will be so silent by the time Bitcoin change its course and return to the top once again. And then the cycle happens again, and again. The only I hate is that it can be really dizzy sometimes.

fuguebtc

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Quote from: poopsmear on November 22, 2019, 06:23:02 AM

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

If it remains in between 5k to 10k, the best thing is to look for dip and selling on bullish. A piece of code selling at 5 to 10k is not a bad price at all. I wonder why we are worried if BTC not crossed 10k USDA? 10k USD is bad price?

Gyfts

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You only have two potential options.

1.) Liquidate
2.) Hold

That's it.

Your first part of the title is posing quite the hypothetical there assuming that Bitcoin never goes past 10,000 USD a coin considering we were at 20,000 before the bandwagon bubble popped. It's extremely unreasonable to believe that Bitcoin won't go past 10k a coin based on the current markets, trade volumes, and general interest in crypto's. I'm willing to bet it's going to go a whole lot further than previous record prices so the best action is to hold. In the event you need to exit from your investment, no one's stopping you but yourself bud. But again, don't kid yourself with the hypothetical that it's going to be capped at 10k because it's a doubtful scenario.

piebeyb

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Quote from: poopsmear on November 22, 2019, 06:23:02 AM

This is my first post in a long time, I lost my other BCT.org account and had to make a new one. I sold a few ASICS from BITSHIT (you know the company) after they screwed the mining market and havent touched my wallets in a long time. I recently checked Binance for the first time in two years, and see that Bitcoin is around 9K. Now it's down to 7. I am not here to FUD, I am here to beg the question: If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action? Knowing (believing) the circumstances of never getting a moon mission again, what is firstly the community reaction? Second, will this affect Cryptocurrency adoption? Will this hinder or accelerate Crypto?

Sorry if this seems like such a silly hypothetical, but if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

it will not hamper bitcoin development and adoption, so just relax is the key, not too focused that bitcoin will make you rich, just assume bitcoin is just a digital asset that might be worthless at any time, so it doesn't matter to me about it if indeed never again touch $ 5k or $ 10k until 2021, I will retire and give my bitcoin to all beggars and people at the orphanage, I will not sell it cheap so it's better I give it to them Cool

minersday

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Quote from: HardFacts on November 22, 2019, 08:35:33 AM

You are one of the few people here SMART ENOUGH to ask serious questions, and consider the possibility that people were wrong about bitcoin.

Bitcoin was nothing more than a bubble and a Mania, and now that bubble is bursting. What you do not understand is that bitcoin will go much LOWER than 5,000, it will eventually go to its intrinsic value of near zero...

I don't really agree with you regarding bitcoin going back to its intrinsic value of near zero and also being a bubble. For the past ten years since bitcoin was introduced into the world, the value of bitcoin has increased in a particular pattern. What you should understand is that, people (investors) are taking advantage over the nature of Bitcoin which is its value is based on the demand and supply rate on the market. Once you posses more, you can some how control the market value for a while.

Quote

The future of crypto currencies is GREAT, it is the future of money 👍👍👍 It will NOT be bitcoin though, which is backed by nothing. The crypto of the future will be backed by gold, oil, government, or some other real asset.

Hard Facts

For this, you are 100% right on point. The future of cryptocurrencies is Great and this can only happen when cryptocurrencies are fully adapted into the mainstream financial ecosystem as a currency just like dollars and other fiat currencies.

tmfp

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Quote from: poopsmear on November 22, 2019, 06:23:02 AM

If Bitcoin never goes past 10KUSD again, and rallies up and down between 5-10K, what is the best course of action?... if it remains consist for the next 5-20 years then it is important to take into account Bitcoin and subsequently other Cryptos will never rally to the moon again like back in 2017 anytime soon. What is the best course of action to take here?

Satoshi said

Quote from: HardFacts on November 22, 2019, 12:33:28 PM

the laws of Money and economics

vintages

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Still hold!
Never panic sell as price dip is always a phase and Bitcoin will always cross it. I think you should checkout the chart and price of this year alone, I believe it will motivate you. Price was around 3k yet it still went up to the present price we are seeing now. It is just a matter of time before Bitcoin will pump again. Though don't expect it this year. Moreover, what we are hoping for is more adoption as it equals price increase and usage.

pixie85

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It would mean that it's dying.

Bitcoin can have only 2 ways to go. Adoption and acceptance and this means price going up or it will be overtaken by something better and go towards 0. It will never reach 0 but it can reach 100 dollars or something like that. If it goes very low like below 1000 dollars you can as well sell because it means people are abandoning this project.

It's not going to happen overnight so don't worry. You're going to have years to exit.

Topic: If Bitcoin never goes past 5-10KUSD again, what is the best action? (Read 337 times)