I see two options here. 1) exchange part of bitcoins into stable coins or fiat just to hold or at least "feel" that you have earned 2) just hold. Price historical chart might be a good proof that everything returns to ATH and grows further.
I'm a new guy in cryptocurrency world. I'm here since 2017. I've seen how the price went up to $20k and jumped in that train, saw how it went down to <$4k. Now I observe how it updates ATH. I'm more concerned that if price goes down heavily, it will recover in few years.
Topic: What you'll do when BTC price will go down heavily and fast? - page 9. (Read 1824 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
If that happens, I will not panic and trying to calm down. I will buy more satoshi at a low price, and I am sure that I can get more amount in satoshi. Before that happens, I am sure the price will hit the highest price, which can help us sell some satoshi to prepare the price drops. If we can have more money, we will be able to buy many satoshi and hold it back again until the price can increase higher.
It all depends what is your idea of BTC and where you think it will go. If you think it will go to 100k its more or less same to buy yesterday or today. But if you look on less profit then you look on graphs and you can get pretty good idea when to buy...
100k is out of the realistic spectrum for now. Current price saw a downtrend from 34k to 30k - thats is a heavy resistance and selling pressure. The more realistic target would be the 35k USD provided the current floor pricing holds at 30k.Making unrealistic claims to bitcoin price and holding till that is reached is being stubborn. 100k will take a long time to achieve and hold even with this bullrun - because when the bear run starts we dont know how low it will go and trust me, bear run will happen with time.
Hence you must sell at a 10% or so gains range. Then buy back at bear markets. This is not a hit and run game but a continuous grind.
If history repeats itself like 2017/2018, the price of Bitcoin will eventually fall very quickly. What I do as quickly as possible convert to stable coins,
after that wait until Bitcoin has dropped really deep. I will start buying back Bitcoin, because in my experience if we keep holding and don't
do anything it will take a long time for our losses to recover. Meanwhile, if we convert to fiat, we will accidentally use it to buy something, let alone
convert to altcoins where the losses will be even greater.
after that wait until Bitcoin has dropped really deep. I will start buying back Bitcoin, because in my experience if we keep holding and don't
do anything it will take a long time for our losses to recover. Meanwhile, if we convert to fiat, we will accidentally use it to buy something, let alone
convert to altcoins where the losses will be even greater.
It is interesting to see how much people's perspective about BTC has changed in the past few weeks. It was surprising to see that most people feel strong about BTC and they'd be willing to hold it through good n' bad.
The one thing I would not do for sure is convert it to fiat. You will always need crypto to buy more crypto, you can't be in only for the ups, you'll miss a lot of opportunities.
The one thing I would not do for sure is convert it to fiat. You will always need crypto to buy more crypto, you can't be in only for the ups, you'll miss a lot of opportunities.
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
I sold already and I will buy when I see the opportunity to have Bitcoin at a cheaper price, I know this is going to happen its just a matter of time. Don’t over confident with Bitcoin, what goes up will go down soon so the correction is inevitable as well with Bitcoin. Make a strategy now and save some funds so you can buy more Bitcoin when it becomes cheap again. But those of you who have btc and bought more... don't you only want btc to go down if you want to buy more? Then again if you already have a lot of btc, wouldn't you want the btc price is go up?
Its like if you have little btc and want more... obviously you want price to go down so you can buy more. But if you have enough btc... then obviously you want btc price to only go up. But what about if you have btc but want to buy ... but still hold btc? Its like okay go down in price when i want to buy... but don't go too down? Or that doesn't matter if you are long term holding?
It all depends what is your idea of BTC and where you think it will go. If you think it will go to 100k its more or less same to buy yesterday or today. But if you look on less profit then you look on graphs and you can get pretty good idea when to buy... Its like if you have little btc and want more... obviously you want price to go down so you can buy more. But if you have enough btc... then obviously you want btc price to only go up. But what about if you have btc but want to buy ... but still hold btc? Its like okay go down in price when i want to buy... but don't go too down? Or that doesn't matter if you are long term holding?
But those of you who have btc and bought more... don't you only want btc to go down if you want to buy more? Then again if you already have a lot of btc, wouldn't you want the btc price is go up?
Its like if you have little btc and want more... obviously you want price to go down so you can buy more. But if you have enough btc... then obviously you want btc price to only go up. But what about if you have btc but want to buy ... but still hold btc? Its like okay go down in price when i want to buy... but don't go too down? Or that doesn't matter if you are long term holding?
Its like if you have little btc and want more... obviously you want price to go down so you can buy more. But if you have enough btc... then obviously you want btc price to only go up. But what about if you have btc but want to buy ... but still hold btc? Its like okay go down in price when i want to buy... but don't go too down? Or that doesn't matter if you are long term holding?
For sure the recent correction where the price had gone down back in 29k where people had presumed already that this one is already the dump where some people been waiting. 
What i had done? I have already sold out my coins when it was still in 34 or 33k in price and waited for some pullback and it did really happen.It might not really be that too deep as anticipated
but i do able to buyback when it hits up in 29k which is a nice entry point.
If you do look at on the current price then that was a 2k in profits in a short span of time.Im an active trader most of the time and thats the beauty when your gut tell
you on when to enter and of course it will be corresponding into your own knowledge.
What i had done? I have already sold out my coins when it was still in 34 or 33k in price and waited for some pullback and it did really happen.It might not really be that too deep as anticipated
but i do able to buyback when it hits up in 29k which is a nice entry point.
If you do look at on the current price then that was a 2k in profits in a short span of time.Im an active trader most of the time and thats the beauty when your gut tell
you on when to enter and of course it will be corresponding into your own knowledge.
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
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.
If anyone waits for Bitcoin to pump and then watch it go down too, then; it's safe to say he/she is an investor rather than a trader. Leaving it and not selling the top to buy again when it's lower means you're leaving money on the table and might not get so much out of the recent Bitcoin growth.
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
Even if this does not happen this month and important correction is needed since the price has grown significantly during the last months, I really think that this time around the crash can be even larger than last time, a great deal of institutional investors despite their claims are invested in bitcoin just to get profits, so if bitcoin begins to go down they will sell and many people knowing what happened in 2017 are not going to remain still and will sell as well generating an impressive flash crash in the process. 
I really do not care what the "price" of bitcoin does directly, obviously I care that bitcoin is loved and liked and everyone supports it, and that means bitcoin should be high price if all of those are true, and when the price goes down unfortunately many people sell and leave, which I do not want. But that doesn't mean anything for my own finances, it is irrelevant to my finances.
I mean I could have a lot more bitcoin or a lot less bitcoin and I know that in the end bitcoin will go up, you could have bitcoin 10k tomorrow if you want and I wouldn't worry about it. A friend of mine bought at 2017 peak and he was upset, a year later he sold all his coins, I told him he bought at the peak and he should wait years if he has to, and he didn't and got out, right now it is 50%+ higher than the price he bought, which is obviously a big profit if he waited. That is what I believe in.
I mean I could have a lot more bitcoin or a lot less bitcoin and I know that in the end bitcoin will go up, you could have bitcoin 10k tomorrow if you want and I wouldn't worry about it. A friend of mine bought at 2017 peak and he was upset, a year later he sold all his coins, I told him he bought at the peak and he should wait years if he has to, and he didn't and got out, right now it is 50%+ higher than the price he bought, which is obviously a big profit if he waited. That is what I believe in.
That's actually a good question I haven't think of it and what I just do is to wait for the Bitcoins price to increase but I forgot that the price will be going down anytime soon.
I think there are many ways I could do such as buying more at lower price but I think it's more better if you are going to sell and jump before crashing
and just by again at the lower point but also I could just reinvest my coins to other projects maybe buy some altcoins?
I think there are many ways I could do such as buying more at lower price but I think it's more better if you are going to sell and jump before crashing
and just by again at the lower point but also I could just reinvest my coins to other projects maybe buy some altcoins?
assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
BTC went down from 2017 to 2018. It was not a good year for BTC, if you are being specific about this time period. What to do during a bear run if you ask me, in general - I tell people to put aside the negativity and use their available liquid cash to buy bitcoin if feasible.While 2017 was a bull run for bitcoin, at that time you sell bitcoin and hold the fiat so that you could buy during the bear run.
See this cycle was nicely happening in that 2017-2018 but many people bought at the then ATH of 19k USD and got busted in 2018 bear run. What we should learn is not to repeat such a mistake, because it costed investors a lot.
We have different perspective about it in my case I would covert it to fiat then wait for a while and buy again, sometimes it's better to cashout your money so you would be able to buy more Bitcoin my current goal was not to have more USD in value but to have more Bitcoin as much as possible.
Continue with the hodl and DAC, anyone who isn't in this as a five, ten, fifteen or twenty year game is missing the big picture.
This should be obvious, once Bitcoin or any other coin hits a wall after a long uptrend, you should chart it up and look for a good short entry and make profits out of it. You just trade whenever there's a huge shake up of market to maximize your profits, either day trading or scalping would be good.
You might be wondering what I'm saying, I'm not promoting or anything but trading in futures and not just hodl will gives you a huge advantage to make more money. But of course you need to study first before engaging in Trading. Trade slowly with very small amount of entry, make it consistent until you're all familiar with the strategies and stuff in Trading.
You might be wondering what I'm saying, I'm not promoting or anything but trading in futures and not just hodl will gives you a huge advantage to make more money. But of course you need to study first before engaging in Trading. Trade slowly with very small amount of entry, make it consistent until you're all familiar with the strategies and stuff in Trading.
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.
Buy dips are always the best option for bitcoin. but I think it will be difficult because now many people have started using bitcoin regularly and many big companies are already investing in bitcoin. so yes, use it, buy dip, hold, simple.
It is not desirable for anyone. Nevertheless, since Bitcoin is flammable, there are ups and fluffs. When the price will go down heavily and very promptly, there is nonentity to do but hold. If there is no scramble, hold on until a reasonable grade is achieved.
I'm already numb if bitcoin goes down heavily again.
What's new with that? we like seeing it go up quickly and we hate it to see go down. I'll just do the same and nothing will change even if bitcoin goes on high, I'll keep holding, buying, and selling at any point that I like.
Also will still shop using it.
What's new with that? we like seeing it go up quickly and we hate it to see go down. I'll just do the same and nothing will change even if bitcoin goes on high, I'll keep holding, buying, and selling at any point that I like.
Also will still shop using it.
Jump to: