What would you do? - page 2. | Bitcointalksearch.org

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: MonadTran on May 31, 2013, 04:19:07 PM

Unless the protocol is completely broken

When you see the news "Bitcoin bug!" and you see the price dropping down in minutes, you might not have the time to do a proper research to find out if it's really completely broken.

Quote

what if your entry point is negative $65 Wink

Then you obviously got way less pressure to sell ^^
But it's still losing money.

sgbett

legendary

Activity: 2576

Merit: 1087

what if your entry point is negative $65 Wink

MonadTran

full member

Activity: 181

Merit: 100

Would be buying most likely.
Unless the protocol is completely broken (no point to buy or sell at zero price, so going to hold), or all of the exchanges are closed at once, in a synchronized government raid across the world (which would make buying or selling bitcoins too difficult for me, so, again, going to hold in that scenario).

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

IMO this thing will remain bullish over the mid-long term ... no reason not to wait in the OP scenario.

Miz4r

legendary

Activity: 1246

Merit: 1000

I would sell a part of my holdings if I was fast enough and buy back lower. Also I would use fresh fiat to lower my average entry point further by buying at the bottom or (hopefully) close to it. If it's really bad news that would most likely be the end of bitcoin I would just sell most of my holdings at a loss but still keep some in case it survives. Before I invested in bitcoin I already accepted the possibily that I would lose it all, so it's not going to ruin my life or something.

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

I had a pretty good entry point, so I wouldn't panic. I feel most people have pulled out appropriate amounts of their profits to mitigate losses for such a scenario, and if not they should consider it.

wopwop

sr. member

Activity: 252

Merit: 250

Consider killing myself seeing as I'm invested BIG in this

Birdy

sr. member

Activity: 364

Merit: 250

Just wondering ^^

Topic: What would you do? - page 2. (Read 2051 times)