Topic: In the case of a large percentage drop - page 3. (Read 884 times)
I would suggest not to make decisions or buy too quickly. If there is a large percentage drop, are you going to catch a falling knife? Or would you risk and just keep buying down?
If you’re looking at Bitcoins as investment, the first thing to do would be to buy and take advantage of the drop as long as it lasts.
Holding is the best option, especially for the long term in case bitcoin drops. It's because bitcoin can recovery quick after every drop.
If bitkoyn decently falls in price after a sharp rise before that, then this is his usual behavior. This situation should be used to purchase some more bitkoyna, because after a while it will again start to rise in price. Although bitkoyn remains a risky investment, but its potential for growth is far from being exhausted and while there is time to earn on the growth of its value.
Price drop is likely to happen considering it also climb so fast, but that do not mean that ot will keep falling, if we study the bitcoin price trend over the last 3years, when bitcoin price drops a much larger price rebound is bound to happen. I suggest keep the faith and wait.
Many people will stay keeping their bitcoin and hope the price will comeback. It si good to keep the price not dump so badly.
For me i will do the same and also buy back with my fiat money that i have kept in exchange.
For me i will do the same and also buy back with my fiat money that i have kept in exchange.
Very true, we have no idea how the ZOG institutional will effect the Bitcoin trend but I've learned from panicking selling in the past it is not the best reaction. Having said that I have taken profits each time and I'm at the point where I'm using house money so it's a bit easier to deal with.
Yes your intuition is correct it will rise again have faith and you'll see. Don't panic and hold it for as long as you can.
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
When it comes to bitcoin, I don't really mind that much the price drop because I have seen its volatility and every time it drops, it goes back up and then reach all time high again. I don't have that much coins so maybe if I try to sell and then buy again when it dips which may not be that much, I may have a lose than gain seeing that price drops nowadays only last for just a few minutes or hours.
I prefer to just hodl my bitcoin and focus in having more bitcoin that's why I trade altcoin to have more bitcoin. We know that rapid movements in bitcoin affect the altcoins and there are times when bitcoin will have unpredictable movement that's why it is important that in every position I made, I already know when to exit to manage the risks.
In case if a large percentage drop, I will increase buying btc because I am aware it's velocity is parabolic as long as it has not stabilised or accepted globally, and its price will always increase.
hey ya I just purchased a pit when it hit 14k. Really don't know which way it's going but in the long term we should be good
In case if a large percentage drop, I will increase buying btc because I am aware it's velocity is parabolic as long as it has not stabilised or accepted globally, and its price will always increase.
If you're not too late or you can be on break even point and sell at that time, you can wait for it drops until its resistant line, then you will be fine.
You can buy at low and it worth much, because I believe bitcoin always bounce back, even if you have bought at high.
Just buy again at low when you have much more money, then hold. This will be your chance.
I got extra profit when bitcoin-bitcoincash hardforked and with china banning news, then this time after hit new ATH, then dropped.
Bitcoin gotta be more and more popular time after time and trending worldwide, even people who don't know it before can notice.
So, it will be higher and higher. Just a matter of time.
You can buy at low and it worth much, because I believe bitcoin always bounce back, even if you have bought at high.
Just buy again at low when you have much more money, then hold. This will be your chance.
I got extra profit when bitcoin-bitcoincash hardforked and with china banning news, then this time after hit new ATH, then dropped.
Bitcoin gotta be more and more popular time after time and trending worldwide, even people who don't know it before can notice.
So, it will be higher and higher. Just a matter of time.
I would definately hold. Bitcoin has seen many drops in its past and then recover greater than when it first dropped. It seems to be a trend with bitcoin that it continues to be on a roller coaster, only the roller coaster keeps going up. I think bitcoin will never end it's price rising, thus always hold onto bitcoin and good things can happen.
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
If I'm buying it on what I deem as a good entry and it turned out to drop further, I would just simply hold them and ride it out. Things are looking good and getting even better every day for Bitcoin. If there's a small correction, I'm sure it will easily bounce back later. A large drop is very unlikely for now, though. 2018 will be exciting for Bitcoin, more institutional money coming in, more adoption, and probably regulation and legalization coming. Let's see how the price will react to these things.
It will definitely recover but no one can say how many year it will take before it can recover, be smart on they hype of CME Bitcoin Futures, do not just ride on it but you should know how to take part on it to get your profit out of it without cutting out your bitcoins. I do believe that a large percentage drop will happen after CME Bitcoin Futures, no doubt on that, These Big Whales will not stop until they can take all of the money out of Bitcoin, Be Smart on this.
I guess that depends on your goals. If you want to multiply your Bitcoin holdings anyway by trading, you might be better off cutting losses and buying back in cheaper. But if you are going long term anyway and didnt plan to trade you can just stay in and wait for BTC to recover. This might be hard the first times, but one gets used to it in this volatile market, Bitcoin (as any other crypto) sometimes suffers huge drops, but always comes back up, stronger than ever, at least thats what I witnessed on my crypto journey.
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 would trust and have faith in bitcoin thus rather than panicking and start selling I would prefer to start buying and taking the opportunity to have gain more coins. There are several drops in the past like the announcement of JP Morgan CEO and China band of bitcoin which dramatically bring the price down. At first, I'm in doubt to add and start thinking to sell, but I just hold in the first drop, while on the second slide I don't hesitate anymore and start to add.
it will still depend on you, are you wanting to cut your loss because you are day trading and time is important to you to place and bet trades or you are to hold your position until your investment gained profit then you sell and wait for adip and buy again.
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 think it all depends on your strategy. If you want to be a long term holder, which is the best option in my opinion, at least for bitcoin, then you shouldn't really be paying to much attention to it's price, and just let it be.
Take the for example the "pioneers" of bitcoin, the first ones that bought bitcoin when a single BTC cost them just a few cents. I'm sure it wasn't easy for them to see bitcoin rise to $30, and then drop back to $5 or so. Even all the major dips we saw this year, are nothing compared to that one, and they kept their coins, and they still keep them now. I don't think they are keeping their coins because they want to be rich, since they already are. So I guess they keep their coins because they see how a great project this is, and how much potencial it has.
I think this is the perspective we all should have, and if we see BTC like that, then there is not point in trading it. If you are in it just for the profit, then you might want to trade them. This is very hard to do in my opinion, so even here holding looks like a better option to me, but if you are good at it, then you will get more profit from BTC if you trade them.
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 think it all depends on your strategy. If you want to be a long term holder, which is the best option in my opinion, at least for bitcoin, then you shouldn't really be paying to much attention to it's price, and just let it be.
Take the for example the "pioneers" of bitcoin, the first ones that bought bitcoin when a single BTC cost them just a few cents. I'm sure it wasn't easy for them to see bitcoin rise to $30, and then drop back to $5 or so. Even all the major dips we saw this year, are nothing compared to that one, and they kept their coins, and they still keep them now. I don't think they are keeping their coins because they want to be rich, since they already are. So I guess they keep their coins because they see how a great project this is, and how much potencial it has.
I think this is the perspective we all should have, and if we see BTC like that, then there is not point in trading it. If you are in it just for the profit, then you might want to trade them. This is very hard to do in my opinion, so even here holding looks like a better option to me, but if you are good at it, then you will get more profit from BTC if you trade them.
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