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Topic: [POLL] What would you do if bitcoin price suddenly starts dropping? (Read 1749 times)

full member
Activity: 197
Merit: 100
i believe that i would just sell a big part of my bitcoins and thats it, i would be out of the bitcoin game as it wouldnt give me profit

i hope this will never happen because it wouldnt give me a good chance to make money with bitcoin even though i make only small money
hero member
Activity: 658
Merit: 500
What would you do if the bitcoin price would start decreasing at a very rapid pace, for example 50 dollars per day?

I would most probably still hold it as i would believe that it will recover after a few months

50$ in day would be huge fall, and it would create a huge panic for sure but i wouldn't sell my bitcoins

that would be awesome moment to buy more bitcoins because price is pretty high right now, so huge fall would be awesome for every person that wants more cheap coins
i get your point though if the price starts falling it does not mean that it will surely grow in the future i guess

I would just buy it more because the price would surely grow in the future and make me a lot of money
no one is able to predict the price so that is a really weak statement as anything can happen
sr. member
Activity: 392
Merit: 250
What would you do if the bitcoin price would start decreasing at a very rapid pace, for example 50 dollars per day?

I would most probably still hold it as i would believe that it will recover after a few months

50$ in day would be huge fall, and it would create a huge panic for sure but i wouldn't sell my bitcoins

that would be awesome moment to buy more bitcoins because price is pretty high right now, so huge fall would be awesome for every person that wants more cheap coins
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
if the price drops suddenly, I will sell before it drop more because it will be a start of panic selling and it takes time for btc to go up again
I would just buy it more because the price would surely grow in the future and make me a lot of money

no one in the world is sure that the bitcoin price will go up in the future.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
since we are at the "before halving days" and there is  a big possibility that the price rises to an all time high or even only 2x I would do my best to buy at the dips to add to my cold storage that I had put aside for the future.
but also if I can notice the drop before it happens I will sell some coins that I have ready at hand just to buy back at the bottom with more money.
sr. member
Activity: 448
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I would just buy it more because the price would surely grow in the future and make me a lot of money
hero member
Activity: 812
Merit: 1000
Voted for "I wouldn't do anything" just hodl and wait for it to go up again, which I know it will, its all about how much you know and trust, people who are in it just for profit always end up panic selling and losing.
legendary
Activity: 1232
Merit: 1091
If I have money in my exchange account, then I will not waste any time and start buying myself some Bitcoins like there is no tomorrow.
sr. member
Activity: 462
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
i would just buy some more bitcoins and wait
legendary
Activity: 1946
Merit: 1007
I would wait for the decline to stabalize a bit so we are certain a new bottom has been reached. From that point on it is a clear buy again, especially if it would drop like that.

It is not a likely situation though.. The chances for sub 300 bitcoins have been plenty and are now gone. Best to just accept this and adjust your buy strategy accordingly.

I have to admit though, that I wouldn't mind it dropping like that for a few days so I can increase my holdings at double the speed (as it costs only half, I can buy double with my current spending plan).
legendary
Activity: 3990
Merit: 4460
You're never too old to think young.
full member
Activity: 133
Merit: 100
i will start to buy and then buy some more.
thats what i would surely do too, i believe in bitcoin and i believe that it will become a national currency of a lot of countries after a few years

i would buy a lot of coins and then just wait for an all time high then sell it all and make vast amounts of money without doing anything
hero member
Activity: 1036
Merit: 520
i will start to buy and then buy some more.
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
I will sell some part of the coins in order to rebuy it lower with the money I get. Intention will always be to have coins, but not to pay it higher than what I could.
hero member
Activity: 770
Merit: 500
Bazinga!
good to see that the majority of users here are thinking the same, and will buy bitcoin.

this and also looking at the history of market and also the orderbook shows that there is actual resistence against price going down.
legendary
Activity: 3164
Merit: 1213
for me, i will hold my bitcoins and in the same time starts buying. But it's very heart breaking to see the price going down, Maybe i can't sleep at night if that's gonna happen. But i hope not.

The same, I would continue holding and if I have some good amount of fiat I will try earning as much when the price goes very low.
full member
Activity: 196
Merit: 100
for me, i will hold my bitcoins and in the same time starts buying. But it's very heart breaking to see the price going down, Maybe i can't sleep at night if that's gonna happen. But i hope not.
global moderator
Activity: 2310
Merit: 1176
While my guitar gently weeps!!!
Well, I have no choice, need to hold it tight...  Smiley or else, I won't get any profit...But of course I will not be comfortable if it continues to pull down $50 dollar a day and probably be reading news and speculations on why was the price drop..
legendary
Activity: 1946
Merit: 1137
that's a no brainer, buy buy buy

since i have been wanting to buy more bitcoin, the possible lower price is a good opportunity to buy even more than i could before, so i would buy with the amount of money i had in mind for investment.
hero member
Activity: 924
Merit: 1000
I AM
Turn my computer off, Go fix stuff around the house and come back in 2 months
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