Bitcoin Forum

...and then another 20% in the next hour.... after 2 hours we move below 5000 .... and still going down...passing 3000

At which point do you plan on bailing out?

Any rational investor has a stop-loss strategy. It can be different dependent on risk appetite, but is must be there if one is a rational investor.

As a matter of gauging risk-appetite, what is your stop-loss strategy?

Probably $5000. It's a completely arbitrary number though.

Still, at this point, it would take nothing short of a catastrophic event for bitcoin to drop that low. Don't hold your breath.

Well.. it has already been 1 and half hours, then why are we still above 8k?
Please stop spreading fake news...

No plans on getting out. I'm here for the technology mainly, not the profit. The profit I get from my crypto investments are only a plus. As long as bitcoin stays above $3000, I'm happy. Is it possible to drop to that price though? Definitely. All it takes is a huge banning or a huge FUD spree.

Stop using cheap drugs mate  ???

I think it depends on the context, if there is no valid reason I keep them, if it's because of bad news I withdraw immediately.

Some of us have been here since 2013. Saw BTC rise from $150 to $1100, and then fall back to $150.

If we coped with a nearly 90% drop, we'll cope with whatever happens this time.

As long as the low point of the drop is always higher than the high of the previous peak (in this case $1100), you hold, because it will start climbing again.

well spreading news like this will allow OP to accumulate more btc as he can shake the ass of those weak holders, Im not sure if those
who knew how the trade works will be affected but for sure most of us wont worried and will be happy more than this OP as we wanted
to have more inside our pockets before btc jumped high.

op is a known topic maker, all the topics he makes are about dissing bitcoin and generate controversy...

at that point freightjoe wakes up from his dream drenched in sweat. :D


a rational investor understands the market, knows that the first step is to invest what he can afford to lose.
the second step is to not listed to the FUD which are telling him to sell when the price is already at the bottom like the mistake you did and sold at the bottom.
the third step is to stay away from trading if he doesn't understand how to do it properly and only tries it if he can sell on top and buy back at the bottom and not get emotional like you and sell at the bottom and fail to buy back because he can no longer afford it.

dont spread fake news here mate, not helping the community.
as i can see bitcoin is still in the 8k price no more no less

Are you drunk?  :o stop spreading fake news and go back to sleep now. There is only a very small chance that bitcoin will dump a big again. I dont have a plan to bail out my investment in bitcoin. That is only for weak people and easy to panic. Ill stop it when bitcoin dissappear and that is very impossible :D

Please stop this FUDD all you bring bullshit to the forums, No one is going to say Bitcoin price will drop in 2 hours. Tomorow I will check the value of Bitcoin and let you know. Thr price can't easily drop as there are lot of people who are looking to invest in Bitcoin if the price drops somewhere around $4 to $5k.

I shocked by looking thread title please don't make such panics in future.

A Bitcoin HODLer doesn't have his coins on an exchange, so there is no "stop-loss".
Whales love triggering stop-losses, which will lead to even more sales and a continued price drop. After that, whales buy your coins cheaper, and you can panic-buy them back when the price shoots up again.

I've learned a long time ago I shouldn't try to time the market. Buy & sell when the price is right, not when there's FUD or FOMO.

Haha I feel pity for the OP. These news are not gonna work anymore as the bitcoin users saw a lot of phases of bitcoin dips and up. Everyone is well aware of the fact that bitcoin is not a weak currency anymore. It has a lot of supporters who don't give any chance to such type of fishing traps to be hunted again.
We have a lot fiat gained from bitcoin trading and will increase more profit from it in the future.

I have been around Bitcoin long enough, not to be bothered by the volatility. I once saw it going down from above $1000+ to below $400 and

I held on. The best decision of my life, because it bounced back to $8000+ {more than 800% within a year} If you panic with every drop in the

price, then you in the wrong game. Bitcoin investment is a long-term investment and short-term volatility should not phase your selling decision,

because it eventually bounce back. {sometimes it takes a year}  ;D

Of course you should not worry about a short-term volatility but if you want to earn fast money during the time that Btc has a downward trend you can pass your coins to FIAT and when the price stabilizes, buy again, because for sure it's going to go up more than it's low. I apply this strategy when I have already lost more than 10% of the investment

What valid arguments or points for you to proudly say that it will decrease 20% for the next hours these days? or your just speculating that it will happen, $3000 is so much of a normal dump for btc, if that will going to happen, this will be a good opportunity rather than taking it as a negative impact for the traders to buy more btc while on that state of price but that's not possible for these days to decrease that low.

There will be no stop loss strategy as we will keep holding those coins until it reaches a promising price as your price prediction is not valid to take measures for your speculation.

Stop loss should always be there just to be safe. It would always save your ass from being a bag holder of paperweight, dead coins. But in the case of bitcoin, these crashes are signgs for other people to buy, meaning it would be gobbled up by the hungry traders any time soon. I'm not saying you to not put any stop loss on your trades, it's just that BTC is always bound to recover no matter how steep the crash is.

I'm not a trading expert here, and I prefer to hold my coins. I don't even keep them in exchanges so there are no stop losses for me. I'm here for the potencial of crypto, I'm not here for the speculation and profit. Those are the things that can make bitcoin collapse, and I really want to see everyone evolve from that reductive way of looking to bitcoin.

Of course that even if I was here for just the profit, and I kept my coins on an exchange, I think that a stop loss would not work on your scenario. A 40% drop in just 2h would be huge, and unprecedented if I'm not mistaken, and only a huge catastrophe would explain that. Notice that I'm talking about the time frame here. To drop 40% in just two hours is way to fast.

So if a catastrophe like this would happen, I image that the panic sell would be huge and no stop loss would help you here, because the price would probably continue to drop, and your stop loss would only activate itself at an incredibly low price. I don't even know if exchanges wouldn't just suspend their markets, because they wouldn't be able to adjust the price correctly.

Dammit - I thought this was real news, and I was going to have a fire sale of domain names to add to my Bicoin pot. It looks as if I need to increase prices instead. :)

Never bailing out. If Bitcoin lost 50% of its value i'd be buying into the dip!

You should look at the price movement trends for all of 2017. When there is a 20%+ sell off it is quickly followed by a bounce of support, which ineviteably preceeds setting a new high price mark. It's happened about ten times this year.

Your claims that Bitcoin is dying or dead are on the wrong side of history.

This is happen I think because of increasing the price of ethereum right now.

Don't call yourself an "investor", they don't panic like you when value drops.
Price dropped, but as you said that we may move below 5k, I would just say "ARE YOU OUT OF YOUR MIND?"
What makes you people believe that a bear run may take place when every day the wallet downloads as well as investors are increasing in number?
About the risk part, if you are too much worried, don't touch trading and just hold for long term. Watching it fall doesn't mean we need to worry hard as the more it falls, it bounces back that much quick.

Yeah I think this can be possible because of the investment in bitcoin, I means bitcoin is like a business and loss and profit is the part of a business then what is strange to hear that. 20% of loses by bitcoin in an hour’s yes this is possible and this is not a bad thing also because in every work there is lose and profit as we say.

You are right, bitcoin is the most popular digital currency in the world and people invest in bitcoin to earn bitcoin and that profit made by bitcoin that’s why sometime bitcoin loses some percent and this is the simple life thing and happened in everyday activities so don’t be scared and in bitcoin this loses will be recovered after sometime.