What would you do if Bitcoin price crashes? - page 5.

ice098

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Quote from: David Horton on May 17, 2017, 09:46:47 AM

What would you do if Bitcoin price crashes? Below $200, would you hold on to the Bitcoins you are having..or sell them?

If that will be happen I will withdraw the half of my bitcoins and put it in banks. It will grow little but it will have a little profit. And the half of my bitcoin will stay on that wallet. I believe that if its happen it will regain its value again.

Freezingel

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I'd probably manage to sell it before it fall below $1000 mark. But if it happen so fast that i don't have the chance, i'll buy more to lower my average investment and hold it until it rise again.

GetClams.com

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Exactly! Its called margin trading. Not for the feint of heart but if you have balls of steel the profits can be very handsome!

btcforall777

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Well you could try to short it on the way down and profit from the crash. Then when it its the bottom go long and get paid!

mundang

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Quote from: David Horton on May 17, 2017, 09:46:47 AM

What would you do if Bitcoin price crashes? Below $200, would you hold on to the Bitcoins you are having..or sell them?

if bitcoin crashes again and go back to its lowest price after reaching to its highest value today, i think that is already the end of bitcoin if its crashes again. But before that crash i already sold all my bitcoins.

bamboylee

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The same thing I am doing now, earning more bitcoin. It crashed before and recovered, it can recover again if ever it crashes again. There is no doubt that bitcoin can recover from large crash.

SamMurphy

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Bitcoin unionhead who's neglecting fiat :)

I believe that if something goes down after some time goes up, and the opposite. I would definitely keep some and the rest of them I would sell them. The risk is big, but is worth it, if you think the ups and downs of price of btc. If you play smart you can ''win''.

Agrello

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hahah some really funny responses. I really appreciate the people who said " i would just buy more". I would have to agree. Also there is no reason why ETH would outdo Bitcoin. Bitcoin Rootstock is coming out soon which will handle smart contracts and due to having a larger network, Bitcoin would easily overshadow it. But yeh, we'll see i guess.

BrewMaster

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There is trouble abrewing

the same thing as i am currently doing!

i will be sad for sure but as long as there is a network and a miner to mine, i am going to buy bitcoin from a peer and then use that bitcoin to buy stuff wherever possible. if price was $5000 i will buy 0.04BTC and use that. and if price was $200 i will buy 1BTC and use that

U2

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I used to be indecisive, but now I'm not sure...

I would have sold way before $200 unless it was a flash crash while I was sleeping lol. If that was the case whatever, too late. I'd double up on my bitcoins because that's the only chance you'll ever have in your lifetime to get them so cheap. It's not going to happen btw.

carlfebz2

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Quote from: David Horton on May 17, 2017, 09:46:47 AM

What would you do if Bitcoin price crashes? Below $200, would you hold on to the Bitcoins you are having..or sell them?

Saying for bitcoins price to crash like that low seems really impossible as of now but possibilities might happen anytime and if that thing makes reality then most people will panic sell when the price is still dipping because they do secure first their capital or just cutting their loses and believing that bitcoin would go die because its really an unusual thing to think that price will go back on that point.If that's the case then bitcoin will have the big chance to dump forever and people will switch into other one.

Kprawn

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I will make a loan at a bank and start buying massive amounts of bitcoins. I have taken some risks when the price went down to $400+ a while

ago and I profited a lot by taking that risk. It also depends on why this happened.... I will judge on the merit of the drop in the price. A huge

failure in the protocol, will cause something like this.... but there are too many remedial methods to solve this and Peer review to prevent this. Wink

Fireblade

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Quote from: YuginKadoya on May 17, 2017, 10:30:52 AM

I think I would have transfer my bitcoin before it reach that value mark, but if the price value will just crash and fast in that state of value I think I will wait again for it to come back up, because I think that the value would still increase no matter what happen, That is why I would still prefer the fluctuation may occur on bitcoin.

i am sure that bitcoin price is not going to crash, but it will certainly improve its position more and more because the users of bitcoin are increasing from time to time and hope that very soon the number all the people of the world will be using bitcoin. i think those people who still do not purchase bitcoin ii think they have good opportunity to purchase bitcoin and secure its position.

LFC_Bitcoin

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Quote from: RodeoX on May 17, 2017, 10:01:43 AM

IF? There is no if about it. Cheesy

Free markets crash, correct, whatever.

I presume you're ready to load up again if a big crash happens? I know I am.

linyhan

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Quote from: David Horton on May 17, 2017, 09:46:47 AM

What would you do if Bitcoin price crashes? Below $200, would you hold on to the Bitcoins you are having..or sell them?

I will definitely buy lots of btc and hold it for 2 years. History will repeat itself, from 200$ to 1900$. And that would give me times 10 of profit. But the question is" is bitcoin going back to that price again?

David Horton

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Quote from: iamTom123 on May 17, 2017, 09:57:41 AM

I will hold on to them and might even buy for more because I am sure that Bitcoin is really the future of digital currency and all of those alternative coins are just alternatives. And am sure many people would be happy because it can be a sort of a reset. When do you think will this happen?

You'll never know, anything is possible within the cryptocurrency world, you might wake up and find that Ethereum is worth $3000 and Bitcoin $30

FrankNoland

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I will hold on to them, and consider it as being the perfect opportunity for me to buy a thousand more

Kyraishi

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I have observed that actually many people here tend to say that they will hold their bitcoins for a long-term investment instead of selling them in case of big price drop.
But as we can see in every single case, even with the altcoins: when there is a big panic on the market, people change their decisions to just save at least some of the capital.
I think it still better to hold those bitcoins for a better times, and maybe during such a scenario you can earn money from a regular job to even obtain more bitcoins, just by buying them from someone else, or some company.

In my opinion, there is no doubt about bitcoin: it will still rise, even after some panic on the markets.

YuginKadoya

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I think I would have transfer my bitcoin before it reach that value mark, but if the price value will just crash and fast in that state of value I think I will wait again for it to come back up, because I think that the value would still increase no matter what happen, That is why I would still prefer the fluctuation may occur on bitcoin.

SvenBomvolen

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About such propabolity should to think bitcoin holders only and I am not one of them. I prefer to live in today and when I need money I cash out my bitcoins or just gamble with it. So, actually in the case if the price will drop down I will not be too much disappointed.

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