Topic: What you will do if bitcoin price drops to 50$ and you have lots of bitcoin - page 14. (Read 15885 times)
August 30, 2015, 04:04:12 AM
If Bitcoin drops to $50 per coin, then I'll start buying coins (but not a lot of them). I don't have much of a choice right now, as I am in a very difficult financial situation. But within one to one and a half year, my debts and loans will be gone, and I'll be having the freedom of having at least some amount of money in my hand.
August 30, 2015, 03:53:13 AM
If bitcoin prices crashes down a lot, then also I will keep using it and will continue buying them using Fiat currency.
August 30, 2015, 03:48:16 AM
Answer (I still have trust, and i will keep my bitcoins in my wallet) But,
I would have lost a small amount of trust for sure and would not spend as much time with Bitcoin, I would however buy a few more maybe 10-20 put them all in cold storage and check back now and again to see if the investment has improved.
Saying that though I really don't think that will happen unless whales know something we don't and unload to $50 but by that time the major panic would have started and the price would keep falling far below the said price.
I doubt that will be happening.
I would have lost a small amount of trust for sure and would not spend as much time with Bitcoin, I would however buy a few more maybe 10-20 put them all in cold storage and check back now and again to see if the investment has improved.
Saying that though I really don't think that will happen unless whales know something we don't and unload to $50 but by that time the major panic would have started and the price would keep falling far below the said price.
I doubt that will be happening.
August 30, 2015, 03:43:06 AM
I voted this:
i still have trust, and i will buy bitcoin with every thing i own
But i dont keep all my eggs in 1 basket. I hold LTC, NXT, Peercoin, and NEM.
I`m thinking about buying more LTC and start buying NAMECOIN after they fix their DNS protocol.
So even if BTC price drops that much, i can hedge it no big deal. One crypto currency will just take over.
i still have trust, and i will buy bitcoin with every thing i own
But i dont keep all my eggs in 1 basket. I hold LTC, NXT, Peercoin, and NEM.
I`m thinking about buying more LTC and start buying NAMECOIN after they fix their DNS protocol.
So even if BTC price drops that much, i can hedge it no big deal. One crypto currency will just take over.
August 29, 2015, 09:16:35 PM
just wait and see... the price of bitcoin is unstable
i'll wait until the price is normal, even until the price goes up again
i'll wait until the price is normal, even until the price goes up again
August 29, 2015, 06:07:37 PM
Happy I also need to explain to me on this subject 
August 29, 2015, 09:50:50 AM
I don't think it will happen ever again, unless we would have some major glitch. But even if it would hypothetically happen, we shouldn't panic and pronounce Bitcoin as dead. Why? Well this has happened already 3-4 times in the past with the Bitcoin price and every time the price has bounced back and shot past a historic high. So, there is a huge possibility that it would happen again if Bitcoin price would drop to $50.
August 29, 2015, 06:48:20 AM
Nobody should have lots of bitcoins in the first place. It is too dangerous.
Just buy bitcoins when you need them. So you won't lose any trust or so whatever
Just buy bitcoins when you need them. So you won't lose any trust or so whatever
The only significant profit I have ever made from bitcoin is when I have held enough coins for them to increase profit and that is the smartest decision I made, infact I averaged out while buying my new coins in order to not suffer through any major loss and also lost any opportunity for major profit, but pretty sure it was a good move because I see the price climbing back up
August 29, 2015, 06:41:00 AM
Nobody should have lots of bitcoins in the first place. It is too dangerous.
Just buy bitcoins when you need them. So you won't lose any trust or so whatever
Just buy bitcoins when you need them. So you won't lose any trust or so whatever
August 29, 2015, 06:33:44 AM
I don't think the fork will be a problem, since the machines getting more and more efficient which lowers the cost of electricity. Especially many people from Venezuela do mining because they have very low electricity costs.
I don't know what i would do if bitcoin value drops to 50 USD. I have only invested a sum in bitcoin which i can afford to lose. Hence, I'm relaxed.
I don't know what i would do if bitcoin value drops to 50 USD. I have only invested a sum in bitcoin which i can afford to lose. Hence, I'm relaxed.
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August 29, 2015, 04:47:56 AM
It depends on the news, if the market panics enough over a fork that it stagnates this issue to 2016, then I might see it as a buying opportunity as things are about to be resolved.
Else it depends on the situation.
Else it depends on the situation.
August 29, 2015, 04:29:47 AM
I wont have to worry about that because I do not own any bitcoin, I do think the fork in 2016 will kill bitcoin (destroy faith in the belief that it's decentralized) and I would not like to be holding it when that happens..
August 29, 2015, 02:46:28 AM
and do you think that will happen in 2015 ?
it will not happen in 2015... and if i have many many bitcoins and it drops to $50 i just need to hold it tight and buy some more because im sure that it will really go up especially when it goes to its last mining stage.
August 29, 2015, 02:41:47 AM
I Bitcoin price ever go lower than $100 again in the future that will mean bitcoin failed somewhere. The amount of money pumped in bitcoin startups, infrastructures, hardware, mining farms are so high at this point that price simply can't go lower without creating mass panic. Not to mention if bitcoin volatility will be that high then it will lose all credibility.
As is happening right now because of bitcoin XT.Miners are forced to sell their bitcoins at such low prices because they also have to pay their huge power bills.
August 29, 2015, 02:04:49 AM
I Bitcoin price ever go lower than $100 again in the future that will mean bitcoin failed somewhere. The amount of money pumped in bitcoin startups, infrastructures, hardware, mining farms are so high at this point that price simply can't go lower without creating mass panic. Not to mention if bitcoin volatility will be that high then it will lose all credibility.
August 29, 2015, 01:34:45 AM
"You" will sell your bitcoins at a loss to me, and I will win...
To the OP, will you track this comment here ^^^, the "i'll sell before it gets too low" statement is often spoken an rarely acted upon. It's very difficult, there's always an emotion tied to that paper loss that you don't to make reality, besides if you're long on Bitcoin, why not just continue to buy into it? You keep lowering your average cost but don't risk missing the upside.
But I will sell my coins before reaching that level and wait for some time before buying again. There is no meaning just sitting and watching price movements.
To the OP, will you track this comment here ^^^, the "i'll sell before it gets too low" statement is often spoken an rarely acted upon. It's very difficult, there's always an emotion tied to that paper loss that you don't to make reality, besides if you're long on Bitcoin, why not just continue to buy into it? You keep lowering your average cost but don't risk missing the upside.
August 29, 2015, 01:29:22 AM
i prefer to buy at 10 as a desperate price, at 50 i would buy 1/5 of the amount i would buy at 10, at 100 1/10 and so on
but i'm sure at 50 the network will begin to fall heavily, too many miners will begin to abandons
but i'm sure at 50 the network will begin to fall heavily, too many miners will begin to abandons
August 28, 2015, 11:44:50 PM
if the price drops to $50 ill buy atleast a 100 coins. then ill make bank within a month.
But I will sell my coins before reaching that level and wait for some time before buying again. There is no meaning just sitting and watching price movements.
August 28, 2015, 06:52:15 PM
me too
I'd rather buy some coins for 50$, than sell for this price.
i realy think that 50$ scenario will not happen
I'd rather buy some coins for 50$, than sell for this price.
i realy think that 50$ scenario will not happen
August 28, 2015, 04:50:20 PM
if the price drops to $50 ill buy atleast a 100 coins. then ill make bank within a month.
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