When it goes back up I buy because it is worth more
.I am 100% sure people do this
Topic: What have you been doing with your Bitcoin in light of the price drop? - page 3. (Read 3909 times)
August 19, 2014, 10:48:43 PM
When bitcoin prices fall I sell because it is worth less.
When it goes back up I buy because it is worth more .I am 100% sure people do this
When it goes back up I buy because it is worth more
.I am 100% sure people do this
August 19, 2014, 10:33:53 PM
I sold 0.1 BTC to help pay my (overpriced) electricity bill this month. It's all my fault!
August 19, 2014, 10:28:44 PM
A mix of holding and trading alts profits at the moment. I"m not really liking it so much right now because it is hard to decide which coin will bounce back and when. I want to add the the overall amount of Bitcoins I hold and other alts I believe have potential. I'm trying to do better at what I tell myself is low risk speculating. In reality it is probably more "calculated gambling".
August 19, 2014, 07:11:37 PM
I'm not doing anything with my coins, I'm buying cheap coins slowly them when it hits 350$ I'll buy 2-5 coins and watch it go up, hopefully
August 19, 2014, 06:58:57 PM
sold all BTC and bought ripple 
August 19, 2014, 06:47:51 PM
I'm only holding a very small portion of BTC (0.2 BTC) at present
Although the price plummeted, I feel you are like a dare devil! Good luck.
I'm comfortable at the moment. I place speculative buy orders, which means that I always win if they fill.
However, on the flip side, if the price rockets then I'm behind the game. I've been pretty out of touch with recent goings on, so this price drop seems out of the blue to me.
My biggest concern is the security and intention of certain exchanges.
August 19, 2014, 06:47:34 PM
Buying and spending. Just like when the price is up. 
When it's down I do a little more buying than spending. When the price rises I do a bit more spending. Basically everything I buy, I buy at a discount.
I would hope that the drop in price would somewhat encourage people to spend some of their coins. I think one problem that the bitcoin related economy has is the fact that there are too many people hording coins. I would argue that this is preventing merchant adoption from expanding faster then it is because even though accepting bitcoin is very cost efficient, less people spend it then there really should be. When it's down I do a little more buying than spending. When the price rises I do a bit more spending. Basically everything I buy, I buy at a discount.
August 19, 2014, 06:46:18 PM
I haven't been doing anything. BTC suffers enough from too many people overreacting to every little value change.
August 19, 2014, 06:44:04 PM
Quote from: puwaha
My miner doesn't generate enough BTC to matter what happens to the price. It's dismaying to see the price drop, but it doesn't hurt me in the long run. It's the investors who are worried... generally not the miners, unless they are upside-down on that as well.
If it rallies, then my meager mined coin will be worth more. If not, then it was a fun experiment, and I learned a lot.
If it rallies, then my meager mined coin will be worth more. If not, then it was a fun experiment, and I learned a lot.
This seems to be a fairly common point from miners. What I don't understand is this: if you need the price to rally for your mining to be profitable, aren't you just better off buying bitcoin? Much less hassle plus you can liquidate whenever you want, unlike your mining equipment which probably has very little resale value given how rapidly the technology is improving.
August 19, 2014, 06:36:43 PM
Buy Hold and Trade a lil.
BTC The Future
BTC The Future
August 19, 2014, 06:35:48 PM
I've been counting my bitcoin.
There will come a day when we will not think of how much bitcoin is worth, we will just count how much bitcoin we have. Very much how we do not think of what the dollar is worth, but how much we have.
There will come a day when we will not think of how much bitcoin is worth, we will just count how much bitcoin we have. Very much how we do not think of what the dollar is worth, but how much we have.
August 19, 2014, 06:35:02 PM
Basically business as usual -- namely, doing some light trading on Mintpal and also posting articles on Banks Worst Fear.
August 19, 2014, 06:25:19 PM
Buying more!
August 19, 2014, 06:14:23 PM
Bought more........ Will continue to do so on any future price weakness as well......
August 19, 2014, 05:54:25 PM
What have I done? Absolutely nothing different. Why? I see the big picture.
None of your damn business! If you are interested go check the blockchain... Dont ask us...
August 19, 2014, 05:50:18 PM
What have I done? Absolutely nothing different. Why? I see the big picture.
August 19, 2014, 05:47:24 PM
Buying more bitcoins for a cheap price.
August 19, 2014, 05:39:10 PM
I bought $200 cad worth, but a few days ago.
August 19, 2014, 05:30:32 PM
I'm only holding a very small portion of BTC (0.2 BTC) at present
Although the price plummeted, I feel you are like a dare devil! Good luck.
August 19, 2014, 05:25:16 PM
I've been holding and thinking about buying more. While I would prefer the price to go up rather than down I don't view the recent price action as too disconcerting. The "flash crash" is just a function of so many bitcoin markets being very thin. It does not take a lot of money to move the market either way. So I agree with Cryptopher, some highly out of the money speculative buy orders could be a great hit.
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