In the case of a large percentage drop - page 2.

J Gambler

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Quote from: Walrus1 on December 05, 2017, 05:26:32 PM

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

FOR me I think that I would cut some of my losses if a considerable of precentage drops drastically but and this is a big but. I would cut my lossess but still ensure that i have enough left to stay steady amidst this and if it goes uo U can resell tl invest again

spring07

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0x5A165891De2a2c8B82c7De19486277e0d5b644DF

When price dips, it is nothing but good timing meeting with opportunity. It is the best time to buy more, hodl and pray for mooning.

qwesasd

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If it is a large percentage of the decline, it means that the bear market, if you want to watch may lose more.

Bobby park

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Take a risk if you want to earn more but if you will are scared in loosing your capital and money the just sell your bitcoins. We don't know the future of bitcoin. We cannot actually predict that today it will goes up and soon it will goes down. We are just estimating what will happen and its up to us if we will hold or joy to the ride of others.
Mostly, some of beginners in trading are having a panick selling if there is a huge down to the price but the long-term investor are always happy with that scenario.

junoreactor

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IMO you should all settle a "stop loss" somewhere, a price you will sell if Bitcoin ever goes down to this price, I chose mine at $5,000 because I bought at $4,000 (so this is not actually a "stop loss" strictly speaking because I am not losing money in this scenario).
The stocks markets taught me that you should never hold something forever.
And try to diversify your assets, you can buy a few altcoins with potential in 2018.

accm092

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Quote from: soham on December 05, 2017, 06:01:01 PM

Well, your decision entirely depends on your outlook towards bitcoin and your risk taking capability. If I see a 30% drop in bitcoin price, I would happily buy more bitcoins to take the benefit of dollar cost averaging method. If I buy at that price, it will average out the buying price to a lower level and the profitability will increase. It will also keep my portfolio risk at a very low level. In one sentence, a large percentage drop will open a new window of opportunity to buy more bitcoins at a lower price point.

that is true, it will only depend on how our decision be made. maybe will look for the trend and hold it until in bounce back.
otherwise cut some bitcoin on your account just to make sure that you still have something if incase that rate is still down.
both decision are risky, it can be taken against us and missed some chances that we do when we do not trust bitcoin before.

An0nyMoose

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"My USD value rises". You must realize that by the time Bitcoin rises to $100,000 it will be used by everyone therefore you won't even need to cash out your BTC to fiat because you could buy anything with it. It is good that your Bitcoin is earned because it's better to work hard and earn your living then to get it easy where you won't or don't appreciate the money as much as when it's earned through hard work.

streetlight

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Quote from: Mind Control on January 09, 2018, 02:05:03 PM

Quote from: Walrus1 on December 05, 2017, 05:26:32 PM

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

In most cases, experienced traders and investors out there are hoping for Bitcoin to drop in value. This is for a short while. The reason is that they want Bitcoin to be cheaper at the moment so that they could purchase more Bitcoin at a lower price. So when Bitcoin crashed or drop tremendously in value, buy. Do not hesitate because Bitcoin will recover quickly.

But when the big cash happens investors will wait to buy at an even lower price because let's face it, after the big crash we are going to go into a period of maybe 1 or 2 years of decline in which time BTC will decline back to under $10,000. This is almost guaranteed because this amount of gains cannot be sustained for such long periods of time.

skorupi17

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Quote from: Walrus1 on December 05, 2017, 05:26:32 PM

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

Unlike stock exchange, Bitcoin is backed by its community. Meaning the price is driven by the community. As long as the community wants to buy Bitcoin, it's value will remain. Many are hoping for Bitcoin to drop, that is in contrast of stocks. When Bitcoin drops many will just buy some more at a cheaper price. This has been a norm in Bitcoin community so when Bitcoin drops, it will recover with guarantee.

teejaymuna

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You said it all. BTC is resilient, as seen from its history. If the value of BTC drops, I'll stick with BTC because I know I cant know any loss. It's only a matter of time before it will pick up again and I'll smile. I'll always be patient if BTC falls

awawo

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Well at of some point bitcoin was around 0.05 dollars and now it price has increase to as high as $19000 before the end of last year and is at $14575 now, so if bitcoin has the potential to rise this high within a short period of time I think any amount of drop in it price I will still hold. Because I know bitcoin has the capacity to rise again. I will hold my bitcoin

teejaymuna

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You said it all. BTC is resilient, as seen from its history. I the value of BTC drops, I'll stick with BTC because I know I can know any loss. It's inky a matter of time before it will pick up again and I'll smile. I'll always be patient if BTC falls

Mind Control

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Quote from: Walrus1 on December 05, 2017, 05:26:32 PM

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

In most cases, experienced traders and investors out there are hoping for Bitcoin to drop in value. This is for a short while. The reason is that they want Bitcoin to be cheaper at the moment so that they could purchase more Bitcoin at a lower price. So when Bitcoin crashed or drop tremendously in value, buy. Do not hesitate because Bitcoin will recover quickly.

SummonKing2

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If the percentage of bitcoin increases even then some will definitely be happy. And also on the income statement, the expenses of your business are subtracted from the gross profit margin. Expenses include items like rent, insurance, utilities, and employee salaries and benefits. After the expenses are paid, you are left with a net income for your business.

pakarjo

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I think, pseudo investment activities have their own risk. depending on each person's self how to react and need to learn more soalnya what will happen in the future we do not know Embarrassed

akamit

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Quote from: Walrus1 on December 05, 2017, 05:26:32 PM

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

I have nothing to worry if bitcoin drops by large percentage, as I have not invested in btc from my pocket.
What I have today, I have earned it and then invested in altcoins. But if it happens any day, I will be very disappointed that's for sure.

On the other side, there is also a possibility that if bitcoin drops then alts will rise. This may also cover my losses which I may get in btc/usd.
If alts rises > my total satoshis rises > if my satoshis rises > my usd value rises. Wink

Whatever happens just find and grab the opportunities.
Invest in alts when btc is on the moon, and buy btc when it drops.

khaled0111

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I don't have a big amount of BTC, so even if a huge drop happen I will lose nothing, but if someone have a lot of money I think he should have a plan B, just in case.
The first solution is to convert BTC to another trusted coin or just cash it out and buy again when price start rising. better cut losses and sell at low price then losing all your money.

LodisMcguire

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Well if in the case of a large percentage drop on bitcoin,i would still be holding it.Bitcoin has a limited supply,so it can't be mined forever,that's make the price will surely rising in the future.I invest 30% of my money in bitcoin,so i'm not panicking when the price drop,because the price is volatile and i trust that bitcoin will go back up again.

LORD money

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I am more scared now with bitcoin which is sleeping than the last big drop. I mean after a big drop I usually buy more btc because I know it will go up again. but now I don’t know if the rally is over or it is preparing its attack to the new ath. anyway I’m calm in these bad situations because I invested only money I can afford to lose Cheesy

CryptosapienZA

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A large percentage drop happens every once in a while. However the trajectory is always upwards. So yes, i would just buy more coins, cross my fingers in hope that it will eventually come up.

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