Topic: What have you been doing with your Bitcoin in light of the price drop? (Read 3944 times)
September 08, 2014, 10:26:38 PM
At the moment it is a mix of spending and saving.. Which sucks. I wish I was just able to stack but I've got to pay for the things that will enable me to buy many more Bitcoins in the coming months. I will be aiming to start saving only after I get back to work but right now with bills on the horizon and classes I'm left with limited options. It kills me every time I have to spend a Bitcoin that is why I can't understand what da bears are talking about when they say Bitcoin is going nowhere.
September 08, 2014, 10:13:08 PM
I'm not doing anything with my coins, I'm buying cheap coins slowly
August 23, 2014, 04:24:41 AM
if the prize down to 200$ i will buy 5 BTC and sold it when the prize is up
August 22, 2014, 11:56:51 PM
Buying more. I've never sold. 
August 22, 2014, 10:49:07 PM
Price drops, I buy, prise rises, I spend. Simple as that, nothing much to it
August 22, 2014, 06:17:18 PM
The recent price drop has left many people worried. The crash has been attributed to a report by the Consumer Financial Protection Bureau, margin trading on major exchanges, and a flash crash on BTC-e. All of these factors and potentially more have been negatively impacting Bitcoin’s price over the past week.
So I ask, With the heavy turmoil in the market, what have you been doing with your Bitcoin holdings?
Go to The Cryptocoin Chronicle to complete the poll: http://cryptocoinchronicle.com/2014/08/bitcoin-recent-price-drop/
I will be doing a write up in the next few days based on the results of the poll and discuss any changes to the market from the time of this post.
So I ask, With the heavy turmoil in the market, what have you been doing with your Bitcoin holdings?
Go to The Cryptocoin Chronicle to complete the poll: http://cryptocoinchronicle.com/2014/08/bitcoin-recent-price-drop/
I will be doing a write up in the next few days based on the results of the poll and discuss any changes to the market from the time of this post.
The write-up to the poll and comments on this thread has been posted! : http://cryptocoinchronicle.com/2014/08/bitcoin-price-reaction-community/
August 21, 2014, 09:00:05 PM
I m buying and holding. We have been through much worse periods than this.
August 21, 2014, 08:57:43 PM
holding since my first btc, i want to accumulate a good amount, i don't care about the current price to be honest
This is the best mindset to have. These fluctuations are probably just minor teething problems in the grand scheme of things. If yousee the potential value in bitcoin just keep holding and don't worry about it.
of course holding is the best way to keep our btc , sell when price is up,
and when price is drop buy some to increase the profits.
it's simple, but sometimes some people impatient and choose to sell it, for fear the price is down again
August 21, 2014, 06:46:54 PM
It isn't much of a drop.. like what was it.. low $600's to low $500's ? Not quite $1400 down to $500
seems to just be a normal month/week, right ?
People will no doubt come up with crazy reasons as to why... but doesn't this same thing happen like every 2 weeks pretty much
?
seems to just be a normal month/week, right ?
People will no doubt come up with crazy reasons as to why... but doesn't this same thing happen like every 2 weeks pretty much
? 
August 21, 2014, 06:43:28 PM
For long term invest, an easy way to buy all the way down is to create a ladder
At $500 you buy 2 coins, at $250 you buy 4 coins, and at $125 you buy 8 coins and at $62.5 buy 16 coins... So you put in same amount of fiat money all the way down at each price halving, and at each level you buy double amount of coins, and your average cost will always close to the lowest purchase price
Of course crash from $500 to $250 is a bit too much, and to $125 is even more insane, you could use smaller steps, like a purchase every $50, all the way down to $100
This is a good idea, but there is no guarantee that bitcoin will ever recover in price. I personally think it will go up a lot over the long term, but this is far from certain. I think it would be better if people were to spend some of their coins to grow the bitcoin related economy and marketplace. At $500 you buy 2 coins, at $250 you buy 4 coins, and at $125 you buy 8 coins and at $62.5 buy 16 coins... So you put in same amount of fiat money all the way down at each price halving, and at each level you buy double amount of coins, and your average cost will always close to the lowest purchase price
Of course crash from $500 to $250 is a bit too much, and to $125 is even more insane, you could use smaller steps, like a purchase every $50, all the way down to $100
August 21, 2014, 05:11:05 PM
I try to hold more in a price drop or I'll buy bitcoins. I try to transact when the price is higher. I doubt anyone would be any different.
August 21, 2014, 12:24:35 PM
The price drop didn't worry me at all. I read some articles and found it normal. Glad I didn't dump 
August 21, 2014, 09:35:20 AM
I stored my bitcoins, and even bought new ones, knowing the price will surely rise back again
August 21, 2014, 04:49:34 AM
Price swings do not affect my long term holdings.
I think there are still users who remember the dramatic crashes from ~$31 and ~$260 and the following "depressions".
Also, intraday volatility was a lot worse before 2013.
I think there are still users who remember the dramatic crashes from ~$31 and ~$260 and the following "depressions".
Also, intraday volatility was a lot worse before 2013.
The strong user base back then is the reason why bitcoin survive this long and have strong support price.
New waves of users will be tested for 100+ range, non-believer will be flushed out.
August 21, 2014, 12:48:01 AM
I am getting as much as i can . I have also started to give loans 
. I have also started to give loans August 21, 2014, 12:41:57 AM
The recent price drop has left many people worried. The crash has been attributed to a report by the Consumer Financial Protection Bureau, margin trading on major exchanges, and a flash crash on BTC-e. All of these factors and potentially more have been negatively impacting Bitcoin’s price over the past week.
So I ask, With the heavy turmoil in the market, what have you been doing with your Bitcoin holdings?
Go to The Cryptocoin Chronicle to complete the poll: http://cryptocoinchronicle.com/2014/08/bitcoin-recent-price-drop/
I will be doing a write up in the next few days based on the results of the poll and discuss any changes to the market from the time of this post.
So I ask, With the heavy turmoil in the market, what have you been doing with your Bitcoin holdings?
Go to The Cryptocoin Chronicle to complete the poll: http://cryptocoinchronicle.com/2014/08/bitcoin-recent-price-drop/
I will be doing a write up in the next few days based on the results of the poll and discuss any changes to the market from the time of this post.
Thank you for the input everyone! I will be doing the write up on thursday with the results from the poll and the responses here. Stay tuned for the article, I will be posting it in the link in this thread and create an additional thread after publication.
Please check out The Cryptocoin Chronicle (http://cryptocoinchronicle.com) for more news and polls!
August 20, 2014, 06:53:01 PM
For long term invest, an easy way to buy all the way down is to create a ladder
At $500 you buy 2 coins, at $250 you buy 4 coins, and at $125 you buy 8 coins and at $62.5 buy 16 coins... So you put in same amount of fiat money all the way down at each price halving, and at each level you buy double amount of coins, and your average cost will always close to the lowest purchase price
Of course crash from $500 to $250 is a bit too much, and to $125 is even more insane, you could use smaller steps, like a purchase every $50, all the way down to $100
At $500 you buy 2 coins, at $250 you buy 4 coins, and at $125 you buy 8 coins and at $62.5 buy 16 coins... So you put in same amount of fiat money all the way down at each price halving, and at each level you buy double amount of coins, and your average cost will always close to the lowest purchase price
Of course crash from $500 to $250 is a bit too much, and to $125 is even more insane, you could use smaller steps, like a purchase every $50, all the way down to $100
August 20, 2014, 05:06:40 PM
Since no more fiat left for buyin... I just HODL
August 20, 2014, 03:12:36 PM
I have been hodling it safely in my local wallet 
August 20, 2014, 02:04:09 PM
Just waiting for the price to rise again.
it's only a matter of time, it will rise, i'm pretty confident
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