what will you do if the bitcoin exchange rate is pennilished?

thenameisjay

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Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?
2. Do you continue to use bitcoins or vice versa?

1. I'm not reallt afraid of the decrease of the price of bitcoins. In fact, I'm actuallt looking forward to the price decreasing so that I can cash in more of my money to bitcoins and slowly but surely wait for my investment to catch revenue after a few months or so.

2. I'd still do. I'd still invest and make profit with bitcoins as long as many of us still support bitcoin. I believe in this as a good training point for future investments on upcoming ICOs and Alts.

kr105

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Bitcoin market will always fall and rise, because it is a money market. Fluctuations strengthen the market and attract new investors to the market. Nobody buys a steadily rising Bitcoin, so people are afraid to invest in Bitcoin. Without price volatility, there is no profit opportunity, money does not come to the market, every drop of Bitcoin's price and rise are profit opportunities.

quocsi

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This is the most scary thing for me. But do not rush to sell it in a hurry and wait for it to stabilize. I believe in bitcoin so I will continue to buy and save it as much as possible.

AicecreaME

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Merit: 455

Quote from: Caesar-Giulius on October 31, 2017, 10:56:51 AM

If Bitcoin price drop, I will continue to hold my BTC. There is nothing much to worry, we have been through all those fuds, forks and etc. I will buy more BTC if I have extra cash.

Me too I'll take it as an advantage where I could easily buy more bitcoins when it's price became too low. I mean why not just as you've said we have been into some events where it affected the price and lowers it but bitcoin proves itself and comes up once again. Anyway, there's an exception on these, where even most whales dump their coins too then that would be a big disaster to bitcoin and I'll sell mine but I'll still save some in case bitcoin survived that disaster.

Caesar-Giulius

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Buy, sell and store real cryptocurrencies

If Bitcoin price drop, I will continue to hold my BTC. There is nothing much to worry, we have been through all those fuds, forks and etc. I will buy more BTC if I have extra cash.

azhar700

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and currently I expect bitcoin prices to fall, so I can buy more. I'm not afraid of bitcoin prices going down, I've known for a long time about bitcoin ,, the rise and fall in bitcoin prices I've seen so often and should have been like that. stick with bitcoin I think it's better than with other crypto.

BitcoinPC

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Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?
2. Do you continue to use bitcoins or vice versa?

Paxful, localbitcoins and the actual trading exchanges. The first two do not require KYC and provide a last minute place for profit and returns, as we can always find a trade that results in profit, the latter is quicker and cleaner and provides better records for taxes.
It depends which of the methods suit you or you feel more comfortable with which method.

q835197677

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Now, for example, maybe we can sell the bitcoins in our wallets and wait for a drop.Although I am a strong supporter of bitcoin, I think the price of bitcoin is still high.But I have a monthly investment plan for bitcoin, so I don't worry about the future price of bitcoin.

fanbeila

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Even if the bitcoin price rate goes down,still i would hold my bitcoins.I will not bother about the price fluctuations.Bitcoin price getting down above 50% is also common in bitcoin.Bitcoin investors have already seen such huge crashes and immediate recovery.

More over,bitcoin has almost successfully crossed its initial eight years facing lots of obstacles.Even the banks and powerful governments as well as the dominant china could not stop its progress.

Bitcoin is the currency which has revolutionized and turned fortune of lots of people all over the world.

Only weak hands would have to worry about that.

Gunawan82

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Activity: 336

Merit: 253

I'm not afraid if Bitcoin goes down, I'll buy it because I'm sure Bitcoin will get back to its price, and I will definitely use Bitcoin for investment because according to bitcoin world economic analyst will be much developed. in the future. and the price will be much higher than now ..

andthereyou

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Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?
2. Do you continue to use bitcoins or vice versa?

Yeah the price of bitcoin is directly proportional to its reputation.
My answers to your question.
1. I do fear of losing my money but I will not cry. Angry

2. No, I will sell all bitcoin and altcoins but I will not go unto rage or something. Grin

Pettuh4

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Activity: 812

Merit: 251

Quote from: h0lybyte on October 30, 2017, 12:17:36 AM

I am not scared about the price fluctuation in bitcoin market, ups and downs are typically being happen regularly in cryptocurrency.
The only situation that can turn me into fear is of our local government bans exchanges, this will be reslly a sad momemt for me.
I don't want this condition to occur like china locals faced before.

Even when they ban the exchanges we can still set up a black market and meet in person to trade bitcoins and the local fiats without them finding out. After all exchanges of old existed on tables and not on electronic devices.

h0lybyte

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Activity: 924

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I am not scared about the price fluctuation in bitcoin market, ups and downs are typically being happen regularly in cryptocurrency.
The only situation that can turn me into fear is of our local government bans exchanges, this will be reslly a sad momemt for me.
I don't want this condition to occur like china locals faced before.

btc_angela

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Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?

There's 2 things that you can do. (1) sell your bitcoin because you get frustrated and nervous and panicking to see that you are loosing your investments. (2) hold on your coin and hope that the price will pick up again because you believed that the dip is just normal and will be temporary.

Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

2. Do you continue to use bitcoins or vice versa?

Of course I will continue to used bitcoin because it has given me a lot of opportunity and financial freedom. I'm not affected by the price movement of going down, because I already seen it a lot and bitcoin have already shown its resiliency and most people have already trusted and put faith in the ecosystem.

nguynthgiabanh

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All virtual forex investors know that the first phase is always a big opportunity, of course, with risk. But the opportunity always comes to those who bravely invest and have a wide vision.

audaciousbeing

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Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?
2. Do you continue to use bitcoins or vice versa?

Issues like this have been discussed over and over again but for the sake of emphasis, anyone in bitcoin expecting price to always be on the increase is either living in ignorance or believe something else other than bitcoin. Price is erected to swing both ways yesterday, I saw price high as $6178 this morning dripped to $6151. Something must have happen and someone somewhere has panicked thereby sold.

In determining what to do in the case of falling price, the question is are you comfortable at that price. If I am comfortable, I will sell but if I am not, I will hold because its goes down, it will swings back up just like now that its up, expect it to also swing down.

markleal

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Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

1. What do you fear if the bitcoin exchange rate goes down?

What I will fear is not knowing that the price is going down tremendously which reach to the point that my investment is much lower than the current value. I mean getting a negative profit will definitely hurt, but going deep more to that and fall hard will make someone cry. Cry

Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

2. Do you continue to use bitcoins or vice versa?

Maybe I will still use bitcoins in some online activities. However, when the value goes down at the very bottom, it could be hard for some people to cope with it especially when the value is way below the local money, and processing like converting and exchanging will still come with 7-10% fee. On the other hand, I hope this speculation won't come immediately so we can enjoy the era bitcoin. Wink

CodyAlfaridzi

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Activity: 1708

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Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?
2. Do you continue to use bitcoins or vice versa?

I'm not really scared of Bitcoin price going down. I hold my Bitcoin for long-term investment, and small daily fluctuation will not matter much in the long term. Even when Bitcoin went down to $2900 from $4000 in September, I didn't sell any Bitcoin, and I'm glad I made that decision. Last night Bitcoin made another all-time high in $6300. I'm still not selling.

Even if the price goes down significantly, I would still hold it and use it as usual. There is no other payment system that could match Bitcoin performance. Moreover, Bitcoin is arguably the most widely accepted digital currency for online payment, besides Paypal. Almost all services that I use often also use Bitcoin as their main payment system. This situation is heading to even better future with the Amazon Bitcoin acceptance.

Terry05

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Activity: 140

Merit: 100

Quote from: Virgiawansss555 on October 29, 2017, 07:11:56 AM

The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?
2. Do you continue to use bitcoins or vice versa?

1. My inly fear is when the our goverment will do a strong step to fully shutdown bitcoin in our country but I think in this time,its not possible because our goverment is starting to recognize the use of bitcoin.

2. When the bitcoin exchanges goes down , i will be more happy ,because it is oppurtunity for me to buy in low price. I will still use it and buy some to hold it and sell when the price spikes again into all time high.

tikaka

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Activity: 336

Merit: 100

I believe in bitcoin. If the bitcoin rate goes down, it will not sell all the bitcoins waiting until the bitcoin value returns. Decreased bitcoin value. I will buy bitcoin to hoard.

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