Bitcoin Forum

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

While bitcoin has outlined a downward trend, I think it makes sense to wait a bit to wait for its new growth in price. Bitcoin will very soon begin to grow new, this is unambiguous. True, its growth can be significantly affected not by the elimination of its shortcomings with respect to the slowness and high cost of transactions and it is difficult to predict how eventually he will behave. After all, for a little he loses his popularity. On the other hand, now selling bitcoins and translating them into altcoyins is already expensive and transactions can get stuck. Therefore, I would prefer to wait and see what happens next. Is it possible to withdraw from Bitcoin part of the funds, if there is a good and promising altcoyne in mind. Or it is possible in ethereum, which is now growing well in price. However, again, transactions with ethereum are also starting to hang and commission fees are rising. It seems better still to wait.

The best thing {based on previous history} is just to wait it out. We have seen much bigger drops in the price before and

most of us just hoarded until the price recovered or until it broke previous records. I think once the Lightning Network is

fully implemented, most other Alt coins will fail and Bitcoin will be much higher than before.  ;D

Generally, unless you're actually a good trader or unless you irresponsibly invested too much and really need money for something, selling during dramatic falls in price is not a good idea.  It's the opposite of the mantra "buy low, sell high".  It's often worth waiting until the next bull market (probably a long time).
Altcoins' long-term trends are often similar to BTC, so probably not, but it depends what you're investing in.
Yep.  HODL (https://bitcointalk.org/index.php?topic=375643.0) it.

BTC price jump reason Hard fork, Media also do there job best. Lot's free money entering for fork that also push up BTC price. But people got fed-up on fork & Media news. 20K reaching is complete dream for us. So all this factor just vanish now. and we see the result. Also, some negative news like BTC banning on country, litigation, high trx fees bring down BTC price

there really isn't a single answer for this because it depends on a lot of factors.

the most important factor is timing. for example if you see price dropping AND also speculate the drop to continue for a while, like after a very long bull run eg $19600, then selling on top is a good idea and then you wait a couple of days to go back in at the bottom.
but the same thing can be the cause of a lot of money lost. if you choose the timing wrong, for example if you sell when it is already too late. eg selling at $12000 after price already fell 35%

as for altcoins they rarely are good choices during bitcoin price drops because when bitcoin was having that 35% drop, altcoins were having 50% drops.

That is exactly it, now is the time you should be buying if you intend to build a larger position. Buying all the way down the dips will give you a better average entry price. Don't try and guess what the low will be, just buy little by little everytime it goes down further otherwise it may reverse on you and you'll miss the opportunity altogether. That's not a trading strategy, but it is how to accumulate a hodl.

As a trader, I would buy when price starts to bounce up on a major support level though. The chart helps us anticipate that, and although not 100% accurate, at least it's an intelligent guess.

For me just wait and if you can buy more bitcoins,soon the price will bounce back.The current downfall of bitcoin is due to South Korea ban so it needs some time to attract the new investors.But bitcoin has the ability to reach the prices back in very short time.So we have to be patient while the prices are falling.

These last days the downward trend isn't spectacular, I would even say bitcoin price is stable around 14k$ since the beginning of the year. So just wait, or buy in small dips if possible.

People with their downward trend nonsense. It's obvious that the market is consolidating, but then within a wider than average range. If you look closely, and see how repetitive the movements are between $13,000'ish and $14,000'ish levels, you will directly spot a great money making opportunity. If you time it right, you can make a decent bit of profit in just a matter of days, and quite often in less than a day. Learn to analyze the market and see how profitable these repetitive movements are for youself. As soon as we break out of this consolidation phase, these repetitive patterns will be no longer there, and thus it's time to just hold again. It's just a matter of logical thinking, really.

In my opinion, if you own some Bitcoin and when the price goes down the best thing to do is just hold it and wait for another bull market. Cutting your losses is not that bad but why do we need to sell it if the price will surely recover soon, you just have to be patient. Instead of selling why not just add more Bitcoin to your investment, that would be a good time to buy at a lower price if you still have some extra money while waiting. Using Bitcoin for altcoins when the price drops? I don't think that is a good idea because most of altcoins in the market will also fall when the price of Bitcoin drops.

Cash out for fiat currency when you can not wait for the cryptocurrency to recover, bitcoin and most of the altcoins will likely to recover within days or weeks.
Get out isn't a good way in this case as fluctuation is a normal thing in crypto-market, just watch over the latest news of bitcoin in some countries.

Yes, you can allocate your funds to some potential altcoins such as bcash, ethereum, monero or some cheaper coins such as waves, iota, aion, xrp or xlm and much more.

For real hodlers, it's the best way due to bitcoin will regain its value and tend to rise over time, bitcoin won't let you down as long as you can be patient for the storm to pass.

Yep, every day I am watching closely and I see daily the same thing (multiple time during the day often). There is always this $1,000-$2,000 gap
i.e.
https://i.imgur.com/XPC8jxn.png

It's doing this since during the ~$18,000 period approximatively. There is a lot of money to make daily if you do it smart.

It totally depends on each individual. If you are not a trader, there is no point getting out, all you just need to do is to wait it out as there is really no way you would have known if the value was going down and how to follow trend to make your decision and you can end up making the wrong move. Normally if you did not get out at peak, and buy back at dip, there is really no need selling for loss.

Also, during bitcoin consolidation, altcoins usually have a good time, so you can decide to make some profit from them but choose wisely, otherwise, just sit down and keep laughing at how the price keep swinging as you have nothing to worry about.

I choose to wait it out, but there is no right or wrong answer.  I’m always confident that Bitcoin will recover, but if you think you can time the market, there is nothing wrong with selling to buy back lower or trading to buy cheap altcoins.

One thing that makes me do less trading and more holding is the new tax law in the US where we will be taxed on every trade even between cryptocurrencies.

For me, I would prefer to convert it first into USD just to stabilize my earnings and get in the boat again after the dip or convert to alts.
If you have that much patience enough to hold it tightly, the best is to hold and just calm. I'm a trader that's why profit is important for me ;)

Yes. Much better to wait it out. The market is very bearish and its really hard to predict when the price is going to increase. So its much better not to do anything, unless you needed the funds then you don't have any options but to sell.

We are unlucky that the market started this way in 2018, but based on last year, we have also seen this kind of price movement, but at the end of the year bitcoin pushes to almost 20K. Patience is the key here and do not panic.

If BTC had to crap out, it would have already done so. As you can see there is very strong demand for BTC which is why the price hangs around 15k or so even with ridiculously high transaction fees. BTC is very very resilient.

Best way right now is to HODL as it has always been.

Lightning network please!!!!!

you only have only 2 clear options.
1. hold
2. sell before the bottom and go to fiat

obviously if you are a trader then option #2 is for you. but you should make sure to sell soon because every second that passes it becomes late to sell and if you sell late you will be the last one out who got dumped on ;)


this is a terrible choice because history has proven that altcoins have a tendency to get dumped each time bitcoin goes down.

I dont believe there's a downward trend. Bitcoin is inside both a bearish channel and a bullish channel, so it will be swinging up and down. This can be good for trading alts, if they follow a opposite pattern.

Seems that sgbett was right, after all. Bitcoin will be swinging between 12k and 16k. That is, until LN is implemented.

I dont plan to use LN myself, but if this unclog the network, mining fees can go back to 100k satoshis per kb, which will be good for those who plan to move his bitcoins to a new wallet (to claim forked coins, which will be by the hundreds in some months).

For the majority of bitcoin's history I would have told people "If you believe in it, just hold". For a long term investment you should not be trying to trade your position. That being said, bitcoin's scaling problems have become more and more apparent recently. If you believe in cryptocurrency, I would recommend finding an alt coin that is technically superior to bitcoin. Personally, though, I think this is a huge bubble and buying into crypto right now would be a mistake.

If you know it's going to continue then sell up and look to reenter later, if you are unsure of that then just hold it out and weather the storm, often I sell alts and hold bitcoin as it seems to fair much better when values are falling.

The problem with people is that they have insane expectations of the market. If it was up to these people, the market should go up without an end in sight, but it doesn't work like that. You just have to accept that the market can't and won't always keep going up, especially not when there isn't anything new or exciting ahead of us in the very short term. If you want constant action, then make sure you are invested in both Bitcoin and altcoins. If Bitcoin isn't giving you that action, you'll always have altcoins to entertain you, and of course vice versa since it works both ways. I personally choose to wait for Bitcoin just like I have always been doing -- I'm not interested in altcoins.

I would call this a sideways trend. The 13k - 17k channel has been tested a few times in the last few weeks and the price is hovering around there. I don't see the price going any lower and it ay be a clear sign of some upcoming bullish movement in the near future. We'll just have to wait and see. Last week BTC was heading into the 17k range but the South Korea FUD forced it down a little. I'm thinking without that barrier it might have started moving up again.

YES PLEASE, LEAVE THE MARKET. By this way we are going to have less people with WEAK HANDS again!!

This is great for all of us guys! Came on, if you do not trust in bitcoin, just leave the market, just see the charts by yourself and you are going to see that this pattern has already been repeated more than dozens of times.

Do not be afraid, of just sell everything and you will need to pay for your losses, lmao.

https://i.imgur.com/RKCoHyK.png

Downtrend? I don't see a downtrend there but if the above chart was to break into a downtrend, you might see levels as low at $3K which could be reached in a year or so. It could also break up and see $30K. The soft support at $13500 seems very stubborn. Usually when bitcoin enter's the bear market it's very sharp and deep and you know within days of the ATH that the bear market is on. The bear market entry doesn't just drag on for an entire month. This is uncharted waters.

This downtrend of bitcoin will for sure were seeing of ath soon. This downtrend market the best thing to do is to hold and wait for the price to rise. You know in this fluctuating of bitcoin daily Im confident it will not take long in this bearer market.

It`s not a downward trend, now when its all over it`s easy to speak about it and make analyses. Bitcoin price had it`s peak on 19.000$, many people cashed out, and waited price to drop to buy more like it did. Price in past few days is around 14.000$ give or take, but nothing big is happening and its all the stability that we can see from bitcoin. This year just started, wait a bit and many things that were announced will happen, and soon we will see upward trend.
If fees can with any miracle go down that will mean a lot for all of us. If that happen bitcoin will become very strong currency, and many people who left bitcoin cause of high fees will return.

LOL, now that's funny, on a log scale any chart will look pretty bullish if it  tanks (tanking thousands of dollars is only a slight tick on the chart).

this is the best way i think exit when the price drop then by altcoin instead of waiting for the growth of bitcoin . Then convert your altcoin to bitcoin or buy bitcoin when the price is growing . Or hold both if it has the same circumstances which both price is increasing to gain much profit.

  The best thing is to read all the news that you could. Sometimes is just the market correction, but could be something bigger like a massive baning like it was on China. Know what could be affecting the price is better them just start saying hold or things like that.

While you are waiting and you want to earn while holding you need to invest in alternate coins because of there so many altcoins out there who has shown potential to keep up with bitcoin. Also, you might want to hold because you need to have patience for sure bitcoin is going to rise again just wait until the end of January 2018.

I dont see this as a bad thing, in fact, it is a huge opportunity to keep buying as many altcoins as you can, the price for most of them is super cheap, if i was you, i would be depositing more fiat in your wallet and then i would buy a lot of cheap tokens, lmao.

It is still a continuing price consolidation for the bitcoin and this might be a preparation for another uptrend. The price had been fluctuating between the $13k and $14k marks for a week now and it seem to be steadied at that price range. Some recent events might also affected the bitcoin's ability to rise again and it will take time before we see another all-time high. I believe bitcoin will remain to be bearish for many weeks before it will start another climb. 

meh...there has to be a dump out at some point.

2011 peak dump
2013 peak dump

I am surprised it stayed as high as it did for as long as it did.

this just brings us that much closer to the next high, you know 50K to 100K in a few years.


more of the same.

the dead cat bounce will be epic, also btc / alts always fall faster than they rise to my recollection.

Don't forget that most of the exchanges are still closed. What will happen when new investors/traders can sign up and find the BTC at the lowest point in the last few months?  :)

Maybe that can be a reason, many big exchanges closed the doors for new customers. Today is the black day, bitcoin and alts are going down and everything is red, not even a single coins is green today, I think this can be a bottom now, or its very close. This downward trend will end soon, and we can see price rising after this storm. Who has pairs with fiat and sold yesterday or before is in profit and they wait good entry point to return in trades, now is the time for buying if you have dollars or euros or any fiat you have, hold bitcoins and alts you have.

This trend can be a great opportunity to buy more now, hold them till it arise, know that panicking sometimes leads to more dissapointment soon, so better hold and don't let yourself lose more.

Buy coins or just wait it out is a good option. You will not be earning if you will always be scared of this kind of downtrend most especially that the market is moving like this every now and then.

Buy in is my opinion and suggestion to other users, this is what i did few hours ago, now i am seeing some of altcoin and bitcoin was already increasing its value and i am happy with the result of my decision.

This moment is not late to invest, buy bitcoin now until the value are not yet reaching 12000 dollars.

If you had waited a little longer you would be able to buy bitcoin at 7-8K. The downtrend is not yet finished we can see that bitcoin is still going down in the market.

its not the first time neither will it be the last, we just have to brace our selves in this bad time of cryptos that is showing all are in a blood bath.
time will come for recovery no need to panic

https://i.imgur.com/H8WykCC.jpg

The downtrend is not especially strong, if we refer to volume this is a panic sale not widespread all market involved sell off.      If there is a demand for selling where people will accept lower prices then the price will drop especially if the buyers are also lacking but low volume means low confidence in that new price.

Its worth noting.    However I havent checked every exchange, please report volume of sales you see not just price.   Interested to see where this selling is most based


The Bitfenix graph shows a decline in volume, this does not help confirm the price.   Normal observation on any market

https://i.imgur.com/ro50UtJ.png

This is on point! Every time that the price of bitcoin is dropping drastically, a thread like this is automatic in the forum. Most of them are users who are new to the world of cryptocurrencies and don't really know what to do with their investment, so as a result, they panic. This would be a good way to earn fast money if you can't wait to see profits in bitcoin which is supposedly a long-term investment. Learn and master the technique and see for yourself how it goes.

I think they need to master the art of trading. Little knowledge of how bitcoin goes will surely bring them into a panic. We cannot blame them for that because this is their first time to handle that big amount.

Of course, there is a downward trend. But while I remain calm, I will start to worry when the price of Bitcoin goes below 10,000 dollars.

Best way is wait for the storm to be over, its not likely gonna kill bitcoin, the downtrend of bitcoin and alt coin is nothing new in the past years this was always happening.



Nope, getting out and selling your bitcoin and trading it to fiat is a bad move, you should just wait because bitcoin will break even or get its price rise again.


Could be an option but regarding what coin is the problem, there may seem promising alt coin but who knows it might fall just right after you bought one.


Waiting would be the best solution when it comes to bitcoin, there are many people who just patiently waiting for bitcoin to have a high price again and would probably sell all their bitcoin.

Terrible idea to get out right now. It's not like it's just a small drop and you want out before the big one comes in. The big drop has already happened. We have not seen during this bull run bitcoin drop at a single time more than 50% of its peak value and we've seen it this time.

That indicates we're going to continue to go up in terms of price, it's only a matter of time before $15k and $20k are hit.

Think of bitcoin as a long term investment. Don't care too much about short term movement as it will only make an unhealthy habit. Bitcoin won't die, the functionality of the $20k bitcoin is the same as the bitcoin now. Don't panic. Keep holding. That has been proven right every time.

Hold your current asset and ready to buying more. Down price trend has been happen many times and it will recovery even takes times, at least you understand which one coins that has great future to invest. For some people who buying Bitcoin in 2013-2014, the value it's not significant but they're still trust to holding on. Now, the price has been increasing x10 more since that year.

Just like on a normal weather behaviour, it will not lasts for long period so definitely when there is a storm you will stay at home and began lurking on other things.

In crypto, a downward trend is a normal scene. Especially in bitcoin, there is no such thing as continous pump without a crash that's why we have a thing called correction to see how strong the support in a certain price level in the faced of FUD and negative speculations. Why should we get out if we have lots of things to consider that price will soon pump back. Take the price dip as entry point to make another round of buying coins. It's not a wise on the other hand to make a dump while you are already on loss. Face the risks instead.

*not applicable on other altcoins

But sir, my central bank told me that Bitcoin is a scam, and I think Bitcoin will crash very deep because central bank no support Bitcoin.  :D

It's funny how certain people are so stupid, that they can't even think for themselves. For them a dropping price means that Bitcoin is losing popularity and will become obsolete, while they completely ignore the gains we booked last year. Another thing we have seen boil heavily is the South Korean exchange ban nonsense, where the mainstream media even added fuel to the fire, and it turned out to be a hoax just to get the price to tank. If the price goes up, Bitcoin is all fine and will be nr1, while it's already nr1. :D But when the price goes down, they think governments will ban Bitcoin, or that it will get surpassed by an altcoin -- it has always been like that for people.