Topic: What you'll do when BTC price will go down heavily and fast? (Read 1824 times)

We all saw a situation when in March last year, Bitcoin, in connection with information about the spread of the coronavirus pandemic, fell sharply in price below $ 5,000. Many now regret not buying it at that time. Whoever did this has already made a profit of $ 50,000 on each bitcoin.
So far, the situation with Bitcoin and the cryptocurrency in general is very optimistic. Therefore, if such situations arise with a sharp drop in the price of bitcoin, then in this case, you definitely need to buy more of it.

Holding is still a great choice because there are still a big posibility that the price will rise in the near future  it can maybe reach up to 200k$ in the next 3 years from now, i believe that the bitcoin will still rise in the future beause there are more people that surely believe on it. So i think holding is a great strategy but it is still depend on you.

The smartest decision is Hodl, because many may be waiting for the price in $ 100k and from there they will sell, because they will have achieved objectives, the Strong Hands know it, now if this happens like this and they plan to reach more than $ 100k it would be a Bullish trap, in the markets most of the time they cheat bullish to win, and the institutional investment has not invested to earn little, they invest to be much more millionaires than now, you just have to look at Elon Musk that his investments in Tesla have dropped more than 50% and still buy more bitcoin.

Microestrategy is also going the same way, although their own shares are falling, they decided to introduce $ 10M more in Bitcoin.

If i do have the opportunity on buying those early times and i have the financial capacity to do so then i might really be included into that expert Hodler group. LOL 
Im not really surprised off to those kind of question about on what to do when btc price do go down because mostly people will just say about hodling but doesnt mean that this
will be applicable for everybody because not all will be having the same impressions when they do experience on point situations of dumps or price crash/decrease.
Common sense would tell if on what things you should do when you do see the price is falling, neither you do secure or protect your profits by selling out or would
just simply held off since it would just simply recover afterwards.

I will do the same thing I did in 2018-2021 and hold my BTCUSD hahahahahaha turns out, all the haters were wrong, an I did not loose money, but had to sit in an ugly spot for quite a while...

I’ve been in the HODL from when BTC was triple digits. That makes me an expert HODLer

There is no choice but HODL because I always make long-term investments in bitcoin so it doesn't matter to me, because every time there is a decline it will definitely go up again even if you have to wait a long time.
and besides that I will take advantage of the decline in bitcoin to make purchases gradually and hold them for the long term.
I always do things like that and the results are satisfactory, I also make sales when the price of bitcoin goes up and sell a small portion of the profit for necessities.

Other

Most I will keep in the HODL ride the cycle. Keep safe in cold storage.
A small number will get sold only to buy back at the bottom to acquire more BTC.

For me , it will be  an opportunity to buy more BTC and accumulate this precious Digital Gold. I have no doubt at all that BTC will again break its ATH record of 58K and make new ATH record. BTC has broken its strong Resistance at 52K and now heading towards its next target of 60K.

At least we have already seen another historical maximum for Bitcoin at $ 58,000, and if Bitcoin falls and loses at least half of its value, it will be a good lesson for me in the first place. After all, you could not be greedy and sell at $ 45К, but under the current circumstances I am not going to sell, but I will keep until Bitcoin reaches at least $ 100,000. And even with a very strong fall in price, I do not intend to sell Bitcoin, because it has not yet revealed its potential.

Keep Holding

Because, in every currency like Bitcoin, the price has decreased, either slowly or quickly, later the price of that currency will also increase. This almost often happens, where a person pays too much attention to the value of a fall in price, then he panics that he will experience a loss after seeing it, especially when the price immediately falls far from the previous price. Usually they will immediately sell it to USD and later when the price is normal, they will buy it back or move to another currency such as Stable Coin in anticipation of a bigger loss. It is precisely here that our patience is tested, where we are faced with falling market prices for currencies. In this situation we should need to reconsider our decision to sell it at a loss, even though the losses are not so much. But to sell the currency in a state of falling prices will definitely make us disappointed. Therefore, I chose to hold on to it. But with a note that we are ready to accept the consequences that will come because we do not necessarily know what will happen next. We can only predict it, without knowing the certainty. Still holding the currency is not done without preparation, instead we dare to hold a currency whose price is decreasing, because we have prepared several things, such as funds as a reference for return on investment for future risks.

Other

As I said earlier, another way is to prepare capital for future risks. Because risk (loss) usually comes unexpectedly. At first, the price situation was fine, suddenly the currency price fell far below what it should be. So, so there won't be too much panic. We must have prepared a way to reverse the capital in this dwindling currency. Usually I put half of my capital into another currency. I choose a currency that is easy to increase, for example, such as Stable Coin. To pursue capital in a fast way, I will not spend all the capital I put in the other currency. I also use 50% for trading, so that my return on investment can be accelerated. But this method is certainly not easy. You also know that trading requires accuracy in predicting it. If you make a little mistake, the funds that we trade will be minus or loss. Therefore, trading for a return on investment is usually difficult to do. Moreover, we are in a state (emotion) that is not yet prime. Imagining our funds whose prices are falling, actually provokes us to want to continue to benefit from this trade. Therefore we must control our emotions, calm our minds first to make the right decisions. Trading requires a balanced amount of precision and calm.

it still there so I guess it won't go down

The truth is why should you be in shock because btc is going down heavily; after experiences in 2017-2018; i suppose we all should have learnt that a profit in trade is not a profit until converted to usdt or fiat. So you should take profit from your bitcoin holdings and the whatever happens to the remaining hodling would not bother you at all. trust me.

Always take profit and stop waiting for when the market is bearish to take profit. Take profits in batches.

Haha same here but when the prices are falling somehow those articles convince me that I should NOT invest now.

I think this question is rightly asked to those who suppose have invested their everything into bitcoins and what will they do when the market drops sharply and there is no reason like just falling down rapidly. Personally if I was into such situation and the money I have invested into Bitcoins is my only capital, I would be unfortunately be converting my bitcoins into stable coins for the time being until the market stabilizes a bit.

I don't think it is ever going to happen though because now big investors have joined in and they won't let the market go down by much.

I don't see the perfect option which is actually fit for me,
Though I think it will never happen cause already very big corporations and investors are started buying BTC, point it, when we are started selling our little amount of Bitcoin, they just started buying a bigger amount at that time. So, they will not gonna sell their share at a cheaper price cause they know well the total supply is limited and they will get a chance to sell it at premium.

But, on the behalf of your asking, if Bitcoin's price will go down heavily and fast for the reason of panic selling then I will put the rest of my remaining funds in it, I don't want to miss the opportunity of buying at deep.

True. Generally Bitcoin Investors/Traders look at current rally in the context of 2017 when Bitcoin was massively dumped after making All Time High at 20K but current Rally is entirely different as it has got massive institutional support as well as adaption of crypto currencies and general public awareness has grown during the past 3 years. Current BTC price is around 55K and continue to increase. Nobody can correctly predict but we should ride this Bus  of opportunity and take advantage.

I think a lot of users expected a dump of bitcoin after reaching the milestones as $25k, $30k, $40k and now $50k but it just keeps on rising. Maybe there will be no dip anymore.

Both are correct, no matter who bought it up if you already see your set target then probably you'll going to sell it out and collect all your profits, not even those big institutional investors can influenced the mindset of every investors who invest in much earlier stage, most of them who seen what happened from the past will be more wiser in deciding when to sell out, this is to avoid being so greed and lose the opportunities to get something decent from this huge pump that happened.



It's a good strategy if you have good amount of spare money, you can continue buying more assets while others are selling. Wait for the bounce and collect all the profits. Instead of playing catch and go  best to have good sets of plan to achieve your goals.

In this case, there will be atleast two options I will consider to be done once this will happen. Whether I will do nothing or try to hold it for longer period of time or I will going to invest more in bitcoin and wait for it to bounce back again. I would also like to know what other traders' reaction will be if this will happen.