Well, if you do really understand how bitcoin works, you'd know by now that the best thing to do in a situation when the price of bitcoinis going down fast and heavily is simply to do nothing. Just keep hodling.
If you've followed the trend for some years, you'd realized bitcoin always bounce back up. Let's take 2018 for example, there was a huge decline in the price of bitcoin from its ATH then of about $21k down to about $3k. Those who didn't panic-sell then are sure to make profits now that it's now worth over $32k.
I'm sure you now see my point.
Topic: What you'll do when BTC price will go down heavily and fast? - page 5. (Read 1824 times)
I think it is better to start thinking and making use of stop loss. If you will have to wait to do any of this thing you might end up losing more because bitcoin dump happen so fast so in that case you can minimize ur loss by converting into fiat however the challenge will be the extent to which the drop will be. Sometime, price drop rapidly because people take huge profit and rise back with time. When the price drop like this it creates a fear that make traders not to be sure of when to start trading again
I will wait and invest some cash to in to balance the average price. So it will be much profitable.
But the moral is you have to hold. Holding is everything in crypto market most of the time.
So its better to hold.
We have seen that eth dropped to 89 from 1400 but now It's again up to 1400. So holding tokens never disappoint you.
Be confident while holding and think twice while selling.
But the moral is you have to hold. Holding is everything in crypto market most of the time.
So its better to hold.
We have seen that eth dropped to 89 from 1400 but now It's again up to 1400. So holding tokens never disappoint you.
Be confident while holding and think twice while selling.
when you see the cryptocurrency price collapsing instantly then you can take advantage of that opportunity to buy as much as you can, but if you are stuck at a high price then all you have to do is stay calm and don't get influenced to sell it at a low price because it will only make you lose, the price of cryptocurrency will always go up and down so keep waiting until the price goes up again so you don't regret it someday for selling it at a cheap price.
You can buy as much as you can of a coin that you think will be doing great in the future, not the ones that could suck and be very bad, that is an important decisive matter. For example, XRP is a very high ranked, recently third now fifth ranked big coin right? Well that doesn't mean that it is doing awesome right now, but I still wouldn't be investing into it, is it low?Yeah compared to others its low, did we say we should get in as much as we can to a promising coin that is low? Yes we agreed on that, why am I not investing into XRP which is in exactly that position? Because I do not see a future in XRP, maybe I am making a short term mistake where XRP could go higher soon but I do not see a 5-10 year future for XRP which is why I am not investing. So find the ones you think would be valued well and invest into those if you want to profit big time.
*remember the slogan 'buy the dip'. I will definitely buy when the Bitcoin price drops dramatically...
The drastic drop in Bitcoin price is a moment that will very rarely happen in the future, the Bitcoin holders have made the Bitcoin price hold as strong as it is today.
The drastic drop in Bitcoin price is a moment that will very rarely happen in the future, the Bitcoin holders have made the Bitcoin price hold as strong as it is today.
Easy to say but not would really be applicable for everyone because not all will really be that willing on buying out something or bitcoin directly if they do saw that the price is crashing.
For those who do have some risk taking mindset fella then they would definitely do the same but for those who had think off that it might not able to recover ahead then they wouldnt
really just carelessly taking away those kind of suggestions or deal.This isnt really something that you can really just buy when it dips because there are lots of factors that
would be needed to be check first rather than buying into something without even knowing if you do able to hit it up or had just totally pass by.
*remember the slogan 'buy the dip'. I will definitely buy when the Bitcoin price drops dramatically...
The drastic drop in Bitcoin price is a moment that will very rarely happen in the future, the Bitcoin holders have made the Bitcoin price hold as strong as it is today.
The drastic drop in Bitcoin price is a moment that will very rarely happen in the future, the Bitcoin holders have made the Bitcoin price hold as strong as it is today.
I will just keep hodling it I think, If I see that bitcoin is not worth selling I will probably hodl it until I see the price I am comfortable with. I sold some of my bitcoin at the range of 34-38k and I'm happy with it, Maybe I should wait for a time that it will happen again if bitcoin gave us a massive dump.
If your remaining Bitcoin are lready been treated as spare assets.
Then continue holding is th best option, we already witness how high the value can go, once this corrections has been overcome and another bounce up happened, for sure the value will more higher than the last time high. No need to panic if you wanted not to lose your investment keep being calm and wait for the right time.
i will probably convert it to the most stable alternative coin
Those adjectives are inappropriate. There is always a problem inherent to the stable- part of the altcoin. Most altcoins that have become stablecoins have had to do some trade-offs to keep their coin's price stable. Though using them is not a bad thing.Quote
so that my bitcoin satoshi will not decrease its value.
You are pegging the value to USD. The value of 1BTC is 1BTC always, what changes is the dollar cost of that 1BTC that varies with time. You cant stop that from happening.Quote
assuming that bitcoin in 2017 price is low at that time still i will do trade it in alternative coin to gain profit. it also depends on the current flow of graphs on how you deal with it as as you gain it will be good for you.
I understand your point, but stablecoin came in existance or popularity after the 2017 pump and only when the dump happened because the owners of these coins promoted them to be "safe from market volatity" - which is a half-truth to start with.IMO, you can hold stablecoins for short periods only. Think of using them as a necessary evil.
I will just keep hodling it I think, If I see that bitcoin is not worth selling I will probably hodl it until I see the price I am comfortable with. I sold some of my bitcoin at the range of 34-38k and I'm happy with it, Maybe I should wait for a time that it will happen again if bitcoin gave us a massive dump.
ETH Seems to be a viable option to jump into. Lots of hype still surround the coin given that we still have phases of eth 2 release. And if it delivers with all of its promises and be widely adopted like its predecessor, the platform (and the coin) might go places.
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
i will probably convert it to the most stable alternative coin so that my bitcoin satoshi will not decrease its value. assuming that bitcoin in 2017 price is low at that time still i will do trade it in alternative coin to gain profit. it also depends on the current flow of graphs on how you deal with it as as you gain it will be good for you.
I always invest in Bitcoin using the money that I can afford to lose, so when Bitcoin goes down I don't do anything just keep holding.
Because from the start, I used money that was not for my daily needs, So it is very safe for me to HODL for a long time though. Because based on the results of my research, Bitcoin includes coins that recover very quickly, so usually it won't take long to wait for the price to go up again. It has even become a habit for me to buy Bitcoin again when the price drops, so when the Bitcoin price went up, I hope can get a bigger profit.
Investing with the money you are willing to lose is the key part of investing, if you invest with your paycheck for example you will lose because you will need it and you will not be capable of holding as long as you need to. Benefits of being rich and investing and becoming richer is the fact that rich people invest with money they are not using everyday, they invest with money they have on the side, and the money they use everyday are not for investment, but since they are rich, they can put millions of dollars into something, wait 10 years and get richer. Because from the start, I used money that was not for my daily needs, So it is very safe for me to HODL for a long time though. Because based on the results of my research, Bitcoin includes coins that recover very quickly, so usually it won't take long to wait for the price to go up again. It has even become a habit for me to buy Bitcoin again when the price drops, so when the Bitcoin price went up, I hope can get a bigger profit.
We do not have that kind of luxury, but if you can save even 20-30 bucks a month, putting that into bitcoin every month is very important, but only if it is the money you can afford to lose. That means you will be capable of buying when it is low and selling when it is high and be capable of waiting in between.
In my case, I have chosen to convert to stable coins as it is the best option in order to secure the value of your assets. But I will do this kind of scenario only if I can see that the market is starting to shift already from bull into bear but if in case it is only a temporary crash that will likely to recover again in a couple of days or months then I will change my strategy.
Either, I will continue to buy in every dip of btc price until hitting it will reach to it's peak of the crash. In this way, I can secure my profit once the bitcoin will start to increase it's price again.
Either, I will continue to buy in every dip of btc price until hitting it will reach to it's peak of the crash. In this way, I can secure my profit once the bitcoin will start to increase it's price again.
I have created 2 Portfolios for investment as well as trading. of course when there is a rapid decline if it hasn't hit Stop Lose I won't sell it. I think everyone has Stop Losing there is no way they will panic with the decline whereas it is a natural thing in a changing trend. For investment in the long term, I prefer to leave behind these assets because this is for the long term and I don't care about the price dropping. precisely when it touches the support point I will buy it
Everyone knows what they need to do, as our perspective and goal may be different.
I'm not using bitcoin as a regular currency on daily basis but buy and sell according to necessity and urgency. If bitcoin is about to burst then sell all of it and waiting for the bottom to buyback, it will maximize the profit and could accumulate more bitcoin into my wallet for sure.
I'm not using bitcoin as a regular currency on daily basis but buy and sell according to necessity and urgency. If bitcoin is about to burst then sell all of it and waiting for the bottom to buyback, it will maximize the profit and could accumulate more bitcoin into my wallet for sure.
If you do not use a stop loss, then you will not have a chance to sell bitcoin in time, which can lose up to 30% of its value in price, as we saw earlier. But even after such a drop, BTC can quickly recover in price and continue its growth. Therefore, everyone should set a price for bitcoin at which they are ready to sell it and subsequently do not regret the decision.
I always invest in Bitcoin using the money that I can afford to lose, so when Bitcoin goes down I don't do anything just keep holding.
Because from the start, I used money that was not for my daily needs, So it is very safe for me to HODL for a long time though. Because
based on the results of my research, Bitcoin includes coins that recover very quickly, so usually it won't take long to wait for the price
to go up again. It has even become a habit for me to buy Bitcoin again when the price drops, so when the Bitcoin price went up, I hope
can get a bigger profit.
Because from the start, I used money that was not for my daily needs, So it is very safe for me to HODL for a long time though. Because
based on the results of my research, Bitcoin includes coins that recover very quickly, so usually it won't take long to wait for the price
to go up again. It has even become a habit for me to buy Bitcoin again when the price drops, so when the Bitcoin price went up, I hope
can get a bigger profit.
I will convert to stable coin or convert to altcoins, some altcoins usually get better after the bitcoin crash but everything has exceptions. Stable coin remains a safe storage channel to start a new cycle.
Safe storage as long as you follow all necessary security measures. I've seen many times how cryptocurrency holders forget, lose, get hacked while long term holding. To be able to convert Bitcoin to stable coins quickly, you need to hold it on exchange, or face fact of paying huge commission for quick transaction. While your transaction gets confirmed, the price can jump back and you will lose a lot on fee.
That is why my suggestion is to hold only part of balance on exchange (which is not safe at all) to be able quickly exchange it to stable coin or fiat. Or simply hold. History shows, that the price will get back with time.
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
I will convert to stable coin or convert to altcoins, some altcoins usually get better after the bitcoin crash but everything has exceptions. Stable coin remains a safe storage channel to start a new cycle. assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
Hold and wait, the best is yet to come.That is what I have learned. Learn to control yourself and don't panic. In every investment, patient is the key. In the time that btc has very low value, that is the time that I should have bought more.But it is ok, I believe history repeats.
Converting to stable is definitely the safest thing to do, its not like BTC wont go back to this price.
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