Topic: What is your quit point for Bitcoin price? - page 8. (Read 13874 times)
for me i don't think there is ever going to be a quitting point for me, i believe in bitcoin, through thick and thin, if bitcoin goes below 1000usd i will still invest in bitcoin. i don't forsee a fall for bitcoin, no matter what the so called self acclaimed crypto analyst think, bitcoin is here to stay.
Only people who have invested in Bitcoin during the price increase last year and during the bear market this year are pessimistic. Anyone who is interested in Bitcoin is no surprised by the current price drops. If someone has invested with the desire to earn fast, he has bad luck, everyone who keeps the BTC because he believes in his future does not look at the price now. Profits will come in a few years.
The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.
Speculations, no matter how properly backed it up will remained speculation until it happened.
The decline of bitcoin price doesn't always mean that a certain investor give up. It's just that they are playing with the volatility because of the speculation. They are anticipating that price will goes down more therefore they will have an opportunity to buy back at much lower prices. Then the cycle will just repeat.
Investors* who will totally give up can't really affect the whole bitcoin price movement as a whole unless some numbers of big whales decided to dump.
Honestly, no need to think too much about your concern. I will stand to my position that I will hold until zero although I don't see it happening. So for now, just sit back and relax while doing some continous accumulation.
see the price of bitcoin tends to go down many people who start to not believe in bitcoin ... but for some people this condition is used to invest in dibitcoin ... all back to the point of view of each person ... prices that are always volatile in bitcoin are normal ..
That really depends on individuals and the exit point veries on risk taking capability of each person. So determining an exit point may not hold true for current situation.
But I too agree that a lot of people may want to exit the market if the price reaches 3 digit value. Don't know if it will have a hysterical effect on the mass but it will certainly encourage a lot of people to exit.
Personally, I would not quit the market for ever. But I will probably sell off my existing holding before it reaches 3 digit price and start acquiring fresh stock at 3 digit price.
But I too agree that a lot of people may want to exit the market if the price reaches 3 digit value. Don't know if it will have a hysterical effect on the mass but it will certainly encourage a lot of people to exit.
Personally, I would not quit the market for ever. But I will probably sell off my existing holding before it reaches 3 digit price and start acquiring fresh stock at 3 digit price.
I don't think that it will go under 2k, and I have been reading the same opinion from different sides these days. I think that quit point depends on the starting point as well, so it is pretty much individual for all of us. If someone entered the game when the price was 8k and he held his position until now, what difference would 1k make?
The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.
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