Topic: What to do if Bitcoin Price Crashes - page 4. (Read 2346 times)
That will be very devastating.People will lose millions at the same time it will bring more opportunities.New entrants will have the opportunity to buy more at a really cheaper rate.
First of all I don't believe bitcoin's price will drop like this. But if hypothetically it happens then I will remain calm and wait for the price to grow again
I prefer to you to just hold your coins. Panicking is the main reason why many people are committing many mistakes.
Bitcoin crash is a normal phenomenon and it is part of bitcoin's cycle. Bitcoin won't forever be on its highest value, there will always be a time when it goes down and whenever bitcoin crashes, I would definitely hold the bitcoins I have and purchase more bitcoins if I have the financial capacity to do so. Instead of panicking, it is best to take advantage of the dip.
I agree with you. I will not panic if the price of Bitcoin goes down. Bitcoin is indeed fluctuating so naturally if the price can go down and rise in a short time. This is a good opportunity to buy more Bitcoin.
You are coming from something very personal, mate. I think your partner in life will stop with her blah blah blah if you are already very rich. I guess you two will be spending your days in a beautiful island, enjoying the company of each other and the perks of being rich for the rest of your lives. On the other hand, if Bitcoin will come crashing down, I think I will be staying quiet for so many days. My stake in this is quite big. A crash will definitely turn my life upside down.
The below is the records of Bitcoin’s steep fall in recent years:
September 14, 2010 to October 8th,2010, Bitcoin plummeted from $ 0.17 to $ 0.01, the drop range is 94%；
November 6th, 2010 to November 10th 2010, Bitcoin plummeted from $ 0.5 to $ 0.14, the drop range is 72%；
February 10th, 2011 to April 4th,2011, Bitcoin plummeted from $ 1.1 to $ 0.56, the drop range is 49%；
May 13rd, 2011 to May 21st,2011, Bitcoin plummeted from $ 8.45 to $ 5.58, the drop range is 34%；
June 8th, 2011 to November 17th,2011, Bitcoin plummeted from $ 32 to $ 2, the drop range is 94%；
April 10th, 2013 to July 7th,2013, Bitcoin plummeted from $ 266 to $ 63, the drop range is 76%；
November 30th, 2013 to January 14th, 2015, Bitcoin plummeted from $1166 to $ 170, the drop range is 85%；
March 10th, 2017 to March 24th,2017, Bitcoin plummeted from $1326 to $ 892, the drop range is 33%；
June 11th, 2017 to July 16th,2017, Bitcoin plummeted from $3025 to $ 1837, the drop range is 39%；
September 2nd, 2017 to September 13rd, 2017, Bitcoin plummeted from $5014 to $ 3766, the drop range is 25%；
December 17th, 2017 to December 30th,2017, Bitcoin plummeted from $19850 to $ 11690, the drop range is 41%；
So，don't worry, you even can buy more Bitcoins, then wait for a strong rebound！
September 14, 2010 to October 8th,2010, Bitcoin plummeted from $ 0.17 to $ 0.01, the drop range is 94%；
November 6th, 2010 to November 10th 2010, Bitcoin plummeted from $ 0.5 to $ 0.14, the drop range is 72%；
February 10th, 2011 to April 4th,2011, Bitcoin plummeted from $ 1.1 to $ 0.56, the drop range is 49%；
May 13rd, 2011 to May 21st,2011, Bitcoin plummeted from $ 8.45 to $ 5.58, the drop range is 34%；
June 8th, 2011 to November 17th,2011, Bitcoin plummeted from $ 32 to $ 2, the drop range is 94%；
April 10th, 2013 to July 7th,2013, Bitcoin plummeted from $ 266 to $ 63, the drop range is 76%；
November 30th, 2013 to January 14th, 2015, Bitcoin plummeted from $1166 to $ 170, the drop range is 85%；
March 10th, 2017 to March 24th,2017, Bitcoin plummeted from $1326 to $ 892, the drop range is 33%；
June 11th, 2017 to July 16th,2017, Bitcoin plummeted from $3025 to $ 1837, the drop range is 39%；
September 2nd, 2017 to September 13rd, 2017, Bitcoin plummeted from $5014 to $ 3766, the drop range is 25%；
December 17th, 2017 to December 30th,2017, Bitcoin plummeted from $19850 to $ 11690, the drop range is 41%；
So，don't worry, you even can buy more Bitcoins, then wait for a strong rebound！
The only people panicking are those who bought in December.
To be specific, those people who bought ranging from $19,000 ---> $13,000. I have friends who bought at $15,000 as I also thought that the price will break to $20,000 but I was wrong when its starting to get down. I didn't encouraged them to buy bitcoin but they just let me explain on how to trade bitcoin and the ways of earning it. And then suddenly, they informed me that they bought at $15,000 and when it goes down they are feeling its going to be the end of their beginning. 
Many people are panicking when the price of the bitcoin is going down. Panicking is the main reason why many people are committing many mistakes. I prefer to you to just hold your coins.
The only people panicking are those who bought in December.
But remember many people also sold in December and then bought back in Jan. Those people might have a slight loss on their second bitcoin purchase, but they also have a lot of cash from selling in December.
Many people are panicking when the price of the bitcoin is going down. Panicking is the main reason why many people are committing many mistakes. I prefer to you to just hold your coins.
For me, if bitcoin price crashes i will buy more bitcoin and hold it, and wait until the price of it grow up, so when the time come when the price of it increased i will sell it now, so i can get more profit when i sell it in a high price.
I think the most important thing would be to understand the reason behind the crash. If it is only because of baseless FUD & general bear market then i'd be buying as much as I possibly could. Remember the simple rule: "Buy low, Sell high".
This is one of the most unlikely case scenarios, BTC will definitely not crash that low, if it does, global economy will be at stake and lots of other factors, buts still there would be investors still willing to buy.
If you have Bitcoins, and are worried, sell them. Even if you miss later growth, there's nothing wrong with taking a profit from an investment and you'll still be up overall unless you bought them in the past month.
I believe if the price crash is taking place just after the huge price rally then it is the single best that that could happen with it as correction not only helps Bitcoin to stabilize in the market but also it helps to grow in the long run with a sustainable growth rate. I believe that trading is not my cup of tea and hence I am more interested in the long term investments thus such short term crashes doesn't affect my decisions. However, I might go with buy option to en-cash the opportunity.
Whatever happens with our lives should be ready, I know bitcoin about 1.5 years and before getting to know bitcoin I like to invest on property, stock and so on, then what if bitcoin price crashes? for me bitcoin is an investment number 5 and will not matter if it now crashes.
We should look forward to certainty for its continuation because I haven't been willing to preach what has not happened yet.
I've held through all the crashes. Who's laughing now? Not the panic sellers.
Market is all about moving money from impatient to the patient. You see crash, I see opportunity.
Market is all about moving money from impatient to the patient. You see crash, I see opportunity.
Bitcoin crash is a normal phenomenon and it is part of butcoin's cycle. Bitcoin won't forever be on its highest balue, there will always be a time when it goes down and qhenever bitcoin crashes, i would definitely hodl the botcoins i have and purchase more bitcoins if i have the financial capacity to do so. Instead of panicking, it is best to take advantage of the dip.
I would also like to suggest that if you are someone financially capable of buying, then you should take the opportunity to get yourself more since the price has crashed. This is the time where you should do it so you could get the best result once the price go up.
Whatever happens with our lives should be ready, I know bitcoin about 1.5 years and before getting to know bitcoin I like to invest on property, stock and so on, then what if bitcoin price crashes? for me bitcoin is an investment number 5 and will not matter if it now crashes.
Bitcoin crash is a normal phenomenon and it is part of butcoin's cycle. Bitcoin won't forever be on its highest balue, there will always be a time when it goes down and qhenever bitcoin crashes, i would definitely hodl the botcoins i have and purchase more bitcoins if i have the financial capacity to do so. Instead of panicking, it is best to take advantage of the dip.
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