Nothing at all. I will continue to mine it and hold since at this point is doesn't even cost me electricity on my old ASIC (free power location). im also quite late to this game since I ignored crypto up until the big boys decided it was worth something. The volatility doesn't bother me at all. as i write this its dropped like 7kCAD in a day. people taking the money off the table prob. tomorrow itll prolly jump again as they reinvest
I think the same, the whales like to play with the price from time to time to see how strong is this market and I think that we have passed this first test, the price went down but it was not an uncontrolled crash it was a nice correction that happened during several days and while the price of bitcoin is only making a mild recovery this is just the beginning, as it is obvious the whales will get back in the market once they see there is enough support coming from retail investors.
Topic: What you'll do when BTC price will go down heavily and fast? - page 7. (Read 1824 times)
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
See if you want to make great profits then you need to gamble with your money.
For me my sole purpose was to invest in the coin, so if the price also falls down then too i gonna hold.
I will still have hope that BTC will increase once again.
Rather when the price of the coin will fall, i will buy more BTC hoping to make more profits in future.
My strategy might not be pretty impressive, but yes that’s what i will do .
Nothing at all. I will continue to mine it and hold since at this point is doesn't even cost me electricity on my old ASIC (free power location). im also quite late to this game since I ignored crypto up until the big boys decided it was worth something. The volatility doesn't bother me at all. as i write this its dropped like 7kCAD in a day. people taking the money off the table prob. tomorrow itll prolly jump again as they reinvest
I think the same, the whales like to play with the price from time to time to see how strong is this market and I think that we have passed this first test, the price went down but it was not an uncontrolled crash it was a nice correction that happened during several days and while the price of bitcoin is only making a mild recovery this is just the beginning, as it is obvious the whales will get back in the market once they see there is enough support coming from retail investors.
Keep holding is better than have sell with lower price because I think bitcoin always have bigger chance back to higher price and not worry for investing and keep holding bitcoin or altcoin. I think during bitcoin have lower price have many bigger investor wanna buy back bitcoin and they wanna get more profit after bitcoin pass correction price and going up, maybe many time bitcoin success pass correction price with higher price more than 20x before correction.
The smart to do is to swap or sell for stable coins whenever the market price is falling so fast in order to reduce the effect of loss on one's fund. Swapping to fiat currencies in some the 3rd world countries isn't advisable because their country's currency might even fall as against dollar before they start to buy the coin again.
Only dump would sell their bitcoins cause of the fall in the price. There is nothing to be afraid when bitcoin decline. To me, it is just a correction for bitcoin to go even higher in the future. As a bitcoin enthusiast, I dont mind of it anymore and as you say, holding is the only purpose which guarantee the profit
I try to have an strategy, and stick to it. It doesn't matter if BTC price goes up or down. There are selling points and buying points, and if you get nervous, use stop loss. If you lose money try not to lose more than the potential loss that was contemplated in your strategy
My current goal was to have a lot of Bitcoin as fast as I could well if the price will continue to go down I really think I should buy at lower price this is a good opportunity to invest more Bitcoin or probably Altcoins.
why convert to stable coins and not fiat?
I think as an individual traders we need to use or apply stop loss in trading to prevent high losses into our assets.
Or if your not selling your Bitcoin and yet the price rapidly goes down, so the better way for you to do is continue what you had
started in the first place in which is hold your Bitcoin until it goes up again.
Or if your not selling your Bitcoin and yet the price rapidly goes down, so the better way for you to do is continue what you had
started in the first place in which is hold your Bitcoin until it goes up again.
Literally before our eyes, the question asked in this topic was realized. Bitcoin plunged $ 10,000 down, which means a lot of people have a story to tell.
Namely, how they behaved during this downward movement. Personally, I managed to transfer bts to usdt at a price of 40,500, just before the fall.
Namely, how they behaved during this downward movement. Personally, I managed to transfer bts to usdt at a price of 40,500, just before the fall.
That is the basic idea we have to do when the price of Bitcoin increased heavily in the exchanges, which we need to convert them to USDT, in order to protect our profits. It will give the opportunity to buy the Bitcoin again when the price of Bitcoin drops again. That's how we need to play with the cryptocurrency.
I think when BTC price will go down heavily and fast I will buy back and keep believe will get much profit because have chance to but bitcoin with lower price, I know many people claimed me as crazy because wanna get big risk by investing on bitcoin during have lower price, how come your mind always buy bitcoin when reach higher price then when you will sell and always bitcoin keep higher price? I think no and good chance buy bitcoin during have lower price then when bitcoin up you can sell. Looks simple if you understand with bitcoin price and never make you panic for buying when bitcoin have reach higher price.
Literally before our eyes, the question asked in this topic was realized. Bitcoin plunged $ 10,000 down, which means a lot of people have a story to tell.
Namely, how they behaved during this downward movement. Personally, I managed to transfer bts to usdt at a price of 40,500, just before the fall.
Namely, how they behaved during this downward movement. Personally, I managed to transfer bts to usdt at a price of 40,500, just before the fall.
Convert it into a stable coin, waiting for the price of bitcoin to reach the bottom, and then try to buy back again. it's simple as that. I don't wanna only holding my bitcoin but i wanna try to get more bitcoin from my trades.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.
We can see what people are doing right at this moment. I think we just started a huge correction.
Converting to a stable coin could help a lot. Just buy bitcoin back when this is all over.
It is really fast for the price to drop in last hours where I do presume that lots had panicked on that time and sorry for those who panic sell.
This is one of the things what makes it hard where we don't know on where the price could possibly dump.
Nothing at all. I will continue to mine it and hold since at this point is doesn't even cost me electricity on my old ASIC (free power location). im also quite late to this game since I ignored crypto up until the big boys decided it was worth something. The volatility doesn't bother me at all. as i write this its dropped like 7kCAD in a day. people taking the money off the table prob. tomorrow itll prolly jump again as they reinvest
Convert it into a stable coin, waiting for the price of bitcoin to reach the bottom, and then try to buy back again. it's simple as that. I don't wanna only holding my bitcoin but i wanna try to get more bitcoin from my trades.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.
We can see what people are doing right at this moment. I think we just started a huge correction.
Converting to a stable coin could help a lot. Just buy bitcoin back when this is all over.
Nothing, keep holding will be the solution.
When the price of bitcoin went down unexpectedly in 2018, I keep holding my coins, until the price of bitcoin change positively to my satisfaction before I release them.
The price got stuck at 6k USD for a long time. How did you even manage to sell at that price considering you bought at higher or even if bought at lower you missed an opportunity to make a bigger profit. Try not to use the "grapes are sour" statements to nurse your wounds. You missed a big point to buy when bitcoin dropped.When the price of bitcoin went down unexpectedly in 2018, I keep holding my coins, until the price of bitcoin change positively to my satisfaction before I release them.
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Many people that hold their coins when the price of bitcoin fell in 2019, they got a massive smile when the price of bitcoin increase to $40k in 2021 before they release them to market.
But only if they sold at the proper time. Currently the selling pressure has taken over and bitcoin dropped to 34k USD. 40k USD was touched and could not be held for long after briefly reaching 41k. While it might be pleasing to watch such prices the fact that they did not sell at the point means they lost this cycle's profitability.
Nothing, keep holding will be the solution.
When the price of bitcoin went down unexpectedly in 2018, I keep holding my coins, until the price of bitcoin change positively to my satisfaction before I release them. With this season we are now, many customers are waiting for the price to decrease for them to buy and hold for future profit purpose.
Many people that hold their coins when the price of bitcoin fell in 2019, they got a massive smile when the price of bitcoin increase to $40k in 2021 before they release them to market.
When the price of bitcoin went down unexpectedly in 2018, I keep holding my coins, until the price of bitcoin change positively to my satisfaction before I release them. With this season we are now, many customers are waiting for the price to decrease for them to buy and hold for future profit purpose.
Many people that hold their coins when the price of bitcoin fell in 2019, they got a massive smile when the price of bitcoin increase to $40k in 2021 before they release them to market.
As a trader, the goal is always to preserve the value of your capital and funds at all times. Here's how I'll handle the situation in case Bitcoin BTC goes the wrong way:
- Convert my funds to a stablecoin (eg: USDT)
- Wait till Bitcoin drops to a considerate amount
- Buy back in and end up with more BTC value than before.
- Keep DCA (Dollar cost average) if it continues to go down.
I honestly believe people who do DCA will not really care about the price at all. I am happy that the price went high, for the first time ever I am not leaving anything to luck and doing something with strategy and it makes me feel better. Don't get me wrong I was one of the lucky ones who sold his coins at 18k+ btc back in 2017 peak time as well, but that was literally just one move that I did on the right time, but it wasn't a big amount and I got like 700 dollars, that's it, and obviously that was nothing. - Convert my funds to a stablecoin (eg: USDT)
- Wait till Bitcoin drops to a considerate amount
- Buy back in and end up with more BTC value than before.
- Keep DCA (Dollar cost average) if it continues to go down.
Now however I have been putting my savings into bitcoin each month instead of going all in, that way I have been collecting bitcoin from almost all price points you may have seen, and it is profitable, with this notion I believe price can go back to 7k and I would still be happy, I know that I will profit in the end no matter what happens.
Convert it into a stable coin, waiting for the price of bitcoin to reach the bottom, and then try to buy back again. it's simple as that. I don't wanna only holding my bitcoin but i wanna try to get more bitcoin from my trades.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.
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