Topic: [POLL] What would you do if bitcoin price suddenly starts dropping? - page 2. (Read 1801 times)
March 26, 2016, 12:10:14 AM
I probably will be brought panic to sell. but if I already have sold everything. of course I would buy it again when prices drop considerably
March 25, 2016, 10:45:41 PM
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
I would most probably still hold it as i would believe that it will recover after a few months
why would something like that happen? $50 a day needs a big dump everyday with no downward resistance which is not happening (maybe one $50)
but if i see the price going down i sell all the bitcoin that i have on hand (meaning hotwallet for trading) and wait to buy at the bottom
March 25, 2016, 02:54:33 PM
Probably get rid. There comes a time when 'cheap coins' loses its original meaning. This shit is still fragile.
March 25, 2016, 01:04:45 PM
It will be a very good occasion to grab more coins.
March 25, 2016, 12:56:16 PM
Price wouldn't drop suddenly without a reason. There will be some huge news preceding such crash. If we were aware of it we could estimate damage it will do to bitcoin price.
For now I know for sure that scenario of total bitcoin crash is very unlikely to happen.
For now I know for sure that scenario of total bitcoin crash is very unlikely to happen.
LOL.
Have you never heard of the phrase 'Buy the rumour, sell the news'?
Markets are forward discounting mechanisms.
March 25, 2016, 12:38:24 PM
I would sell a part of my bitcoin and leave the other part waiting for the price to recover again. So if the price keeps dropping, I would make the loss lower by selling the first part
March 25, 2016, 11:40:44 AM
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
I would most probably still hold it as i would believe that it will recover after a few months
i might sell some for a short time and after the decreasing stopped buy back again. but i would make sure to buy even more bitcoin if the price really goes down.
March 25, 2016, 11:13:54 AM
If bitcoin takes a sudden huge dip/crash I'd be pissed but just hold onto my coins and hope to see the price recover. Only an idiot would panic & sell everything at a huge loss.
March 25, 2016, 11:12:43 AM
it's very simple. if the price drops significantly, then i will directly buy myself some coins. i always wait for dumps to happen before i start with buying.
March 25, 2016, 11:10:19 AM
Price wouldn't drop suddenly without a reason. There will be some huge news preceding such crash. If we were aware of it we could estimate damage it will do to bitcoin price.
For now I know for sure that scenario of total bitcoin crash is very unlikely to happen.
For now I know for sure that scenario of total bitcoin crash is very unlikely to happen.
March 25, 2016, 11:04:07 AM
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
I would most probably still hold it as i would believe that it will recover after a few months
Where are the options:
Cover Shorts?
Retake Shorts on Pull Backs?
Momentum Short?
March 25, 2016, 11:01:13 AM
It depends on the reason for the drop. If bitcoin is dropping because another coin is gaining popularity and that coin has superior privacy, fungibility, decentralization, scalability, immutability.... then I might sell and jump ship. But only because I value those particular properties.
If another coin is gaining popularity (such as ethereum) but is easily mutable (can hard-fork without full consensus) or does not offer significant privacy and scalability advantages then I will continue holding my bitcoin because I don't think anything can displace it that is not clearly superior in these areas.
If it's dropping because the security has been broken, then I would sell, if there are even any buyers.
For pretty much any other reason. HODL!
If another coin is gaining popularity (such as ethereum) but is easily mutable (can hard-fork without full consensus) or does not offer significant privacy and scalability advantages then I will continue holding my bitcoin because I don't think anything can displace it that is not clearly superior in these areas.
If it's dropping because the security has been broken, then I would sell, if there are even any buyers.
For pretty much any other reason. HODL!
March 25, 2016, 10:50:42 AM
Most likely I hold whatever amount I have and try to buy as much as I could so I could make a lot of profit when it starts to go back up and then sell those that I only bought and hold my initial amount prior to drop itself, so it still somehow a win-win but in a longer manner in which depends on the time scale of recovery.
March 25, 2016, 10:43:49 AM
The question is not very detailed.
Bitcoin is dropping and rising a few times a week.But these are just small movements which don't seem to bother the majority of us.
So you should explain a bit more how much Bitcoin in your case would drop.And for how long.
Then giving you some decent answer would be more easy I think.
Bitcoin is dropping and rising a few times a week.But these are just small movements which don't seem to bother the majority of us.
So you should explain a bit more how much Bitcoin in your case would drop.And for how long.
Then giving you some decent answer would be more easy I think.
March 25, 2016, 10:43:32 AM
i will never touch my cold storage, not even the price starts going down.
i will sell the coins that i have in my hot wallet and then buy back at the bottom again in order to have more bitcoin.
i will sell the coins that i have in my hot wallet and then buy back at the bottom again in order to have more bitcoin.
March 25, 2016, 10:34:55 AM
For i will wait for the price will drop until the price is very cheap and i will buy more bitcoin so that i can make more profit if the price is increasing again..
Bitcoin will never die and its always our the mainstream so no worries..
Bitcoin will never die and its always our the mainstream so no worries..
March 25, 2016, 10:26:54 AM
i would like to vote I would sell it all immediately because honestly panic sell would happen to me not only many people
and i would thinking if i had sell immediately i won't loss with very much
and i would thinking if i had sell immediately i won't loss with very much
March 25, 2016, 09:24:13 AM
i would make sure to fill my exchanger with fiat and start buying as much bitcoin as i can.
March 25, 2016, 08:38:47 AM
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
Even I'm new in learning bitcoin I still believe that price will recover back so I will also buy more if this things happen. I would most probably still hold it as i would believe that it will recover after a few months
i guess it would depend on why the price is falling, if the biggest whales start dumping their coins most probably i would sell a part of it too and then rebuy after some time
March 25, 2016, 08:38:03 AM
i will sell apart of my bitcoin. then i will buy on much cheaper price. that way i can make still make profit.
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