Topic: What you'll do when BTC price will go down heavily and fast? - page 10. (Read 1824 times)
When thats happens I will just hold the amount I got and wait till it gets back up. After every dip will be a pump.
I am an active trader, so it's obvious that I have a stop loss active on the BTC/USDT trading pair. In case the price drops so fast, It will be sold off foe USDT after which I will rebuy shortly after recovering from the deep.
If the price drop gets me trading that day, I could also just short BTC to make some profits during the drop
If the price drop gets me trading that day, I could also just short BTC to make some profits during the drop
Whenever the price spike so high, most traders do convert it to stablecoin as far as i know. There is always a possibility that price will plunge sharply when it spike up to 10%. With BTC its more than that. Its best to turn it into stablecoin for you to be able to buy the BTC back at cheaper price than turning it into fiat. This is why its recommended to stay on DEX where you can stay on exchanges while you have your coins with you on your wallet but easy to get to buy back.
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
If you are a holder then you wouldnt make any further step but just simply hold but if you are a short term investor then you would definitely consider on putting it to fiat.
The question here is that, how you would able to know if the price will be going down that fast? or that would only be just a small correction or a typical price pullback?
We wouldnt able to know if we dont able to see those actual numbers or movements.In times like this then its a typical one for people to get panicked.
Unless there is any major fundamental event that somehow overpowers all Bitcoin's advantages (aka a flaw found in the code - which probability is close to zero) I see no reason to sell Bitcoin even on violent 50-70% dips. I mean the historical yearly gains are self-explanatory to be honest. BUT, someone who is trading Bitcoin and not keeping it for long-term, might sell much quicker in the event of such a retrace.
Which drop are you counting?
Last time I think we did $17k-->13k-->$23k. And last time I sold at $8.5k and $6k but I was just fiddling with what happens in a pump and dump considering it was my first and I was busy with quite a few other things at the time.
I imagine I'll sell some as we get in the region of $250k+ (whenever that happens) and sell some towards the bottom again but I keep using it for buying groceries and other stuff so I'll also keep doing that regardless of price while it's still possible.
Last time I think we did $17k-->13k-->$23k. And last time I sold at $8.5k and $6k but I was just fiddling with what happens in a pump and dump considering it was my first and I was busy with quite a few other things at the time.
I imagine I'll sell some as we get in the region of $250k+ (whenever that happens) and sell some towards the bottom again but I keep using it for buying groceries and other stuff so I'll also keep doing that regardless of price while it's still possible.
what you'll do with your BTC?
I'll do most probably what I usually do: sell some of my bitcoin earnings and also hold some.
The ratio depends though on the price, trend and... the household needs.
Although more options would have been better (at least one for BTFD), it's good to see you've put check boxes instead of radio buttons.
in my opinion other.
because if the option you make is for those who hold bitcoin, if not, the answer is we will buy bitcoin at a fairly cheap price and spend as much of our money as possible.
and of course for bitcoin users, it's clear that the options you make can be converted to fiat, to USD, or even if you don't have time to convert, they will automatically become stoic holders
because if the option you make is for those who hold bitcoin, if not, the answer is we will buy bitcoin at a fairly cheap price and spend as much of our money as possible.
and of course for bitcoin users, it's clear that the options you make can be converted to fiat, to USD, or even if you don't have time to convert, they will automatically become stoic holders
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
Keep holding.
As no one has seen the future right? What we can just do is based on assumptions predict the next price.
But as I need profit therefore i am ready to take risk.
I have a strong belief that BTC won’t disappoint me with the price.
Rather i have bought some BTCs when the price was around 13k USD.
So i am assuming BTC will now keep the fix price of around 22 to 23k USD, and that will be still profitable for me.
Anything can happen, so let’s hope for the best.
Other.
I'll keep regularly buying bitcoin, I'll keep regularly spending and using bitcoin, and I'll keep regularly putting some of what I buy in to long term cold storage. Bitcoin wasn't designed just to be held long term or as a medium to buy and trade altcoins - it was a designed as a currency, and I'll keep using it as a currency regardless of what its fiat price is.
I'll keep regularly buying bitcoin, I'll keep regularly spending and using bitcoin, and I'll keep regularly putting some of what I buy in to long term cold storage. Bitcoin wasn't designed just to be held long term or as a medium to buy and trade altcoins - it was a designed as a currency, and I'll keep using it as a currency regardless of what its fiat price is.
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
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