Bitcoin Forum

The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.

I don't think that it will go under 2k, and I have been reading the same opinion from different sides these days. I think that quit point depends on the starting point as well, so it is pretty much individual for all of us. If someone entered the game when the price was 8k and he held his position until now, what difference would 1k make?

That really depends on individuals and the exit point veries on risk taking capability of each person. So determining an exit point may not hold true for current situation.

But I too agree that a lot of people may want to exit the market if the price reaches 3 digit value. Don't know if it will have a hysterical effect on the mass but it will certainly encourage a lot of people to exit.

Personally, I would not quit the market for ever. But I will probably sell off my existing holding before it reaches 3 digit price and start acquiring fresh stock at 3 digit price.

see the price of bitcoin tends to go down many people who start to not believe in bitcoin ... but for some people this condition is used to invest in dibitcoin ... all back to the point of view of each person ... prices that are always volatile in bitcoin are normal ..

Speculations, no matter how properly backed it up will remained speculation until it happened.

The decline of bitcoin price doesn't always mean that a certain investor give up. It's just that they are playing with the volatility because of the speculation. They are anticipating that price will goes down more therefore they will have an opportunity to buy back at much lower prices. Then the cycle will just repeat.

Investors* who will totally give up can't really affect the whole bitcoin price movement as a whole unless some numbers of big whales decided to dump.

Honestly, no need to think too much about your concern. I will stand to my position that I will hold until zero although I don't see it happening. So for now, just sit back and relax while doing some continous accumulation.

Only people who have invested in Bitcoin during the price increase last year and during the bear market this year are pessimistic. Anyone who is interested in Bitcoin is no  surprised by the current price drops. If someone has invested with the desire to earn fast, he has bad luck, everyone who keeps the BTC because he believes in his future does not look at the price now. Profits will come in a few years.

for me i don't think there is ever going to be a quitting point for me, i believe in bitcoin, through thick and thin, if bitcoin goes below 1000usd i will still invest in bitcoin. i don't forsee a fall for bitcoin, no matter what the so called self acclaimed crypto analyst think, bitcoin is here to stay.

New technology is still into progress blockchain is continue to develop itself
So bitcoin are part of technology people strongly believes bitcoin price not goes into zero value
Price decrease is part of the bitcoin year corrction who's can wait and sacrifice will gonna win later

It depends on each investor. But I believe most of the smart investors are in the market for the long-term so they don't care about the current prices. But even if some give up there'll more investors ready to jump in at the lower prices as it could give them a perfect entry-point to maximize their profits in the long run.

rest assured that the price won't go below 4-digits.

QUIT WHAT?

Day-Trading Bitcoin?

Sell-Out and walk away?

Suicide?

You really didn't even define what you mean by 'quit'

I suspect by context you mean, pull-out because of the price drop. I think the HODL morons will stick around well after Bitcoin drops below $400 ( last real solid floor ), the fact is most of these kids have never known anything else, and the lower Bitcoin goes the more likely they can afford to buy it, ...

I never personally saw a 'quit' in Bitcoin, it began in 2009, with engineers mining  on their PC's and then went insane with speculators post 2013, I always saw Bitcoin price collapsing, but even at $1 support level there will by hobbyists who keep mining, because it started as a hobby, and it will end as a hobby.


You speculators, tried to make 'invisible shit' tangible and invaluable, and what you ended up is screwing yourselves, thus you all get what your deserve.

For those of us that came in for the technology, and stick around for the technology, we don't give a rat's ass what the price is,


The real question is the exchanges and infrastructure and criminals and pump&dump whores that have built business models around bitcoin, that's a good question, when do they quit? As now they're bleeding, and truly losing money.

The average 'little guy' owns 0.05BTC, I don't think that guy needs to quit, hell he can HODL all the way to $1, now if he were smart he would have sold that 0.05BTC(@21k USD), and pocketed the cash and quit long ago, but all the morons didn't come to BITCOIN as investors ( classical ) at $1,000, they came as get-rich-quick speculators, and that always ends in disaster.

"Smart" & "INVESTING" & BITCOIN are oxymorons

There is nothing smart about buying bitcoin, it was always a 50/50 bet, a roll of the dice, up or down.

A speculative wager is NOT investing.

Pessimistic comments is a bad response, it can make the market worse. even, I hope that BTC falls to $ 1,000. then,  I can buy again.

investors will not give up, and will always hold their assets, investors understand this bad market is affected by hash battles, and the hash battle will end, then, BTC will create a rising graph.

I dont have any plan about quiting, im just waiting for the very lower drop point to fill my empty bags, and it must be great if weak hands and most have panic investors dump their very last bitcoin so the price of it will fits to my price budget. I will be more wiser now than before, and dont want to miss the ride again.

the investors won't just stop because they don't want to lose their money just because the price drops, so they will hold on until the price rises.

even though BTC will drop below 2k I think investors will still hold or buy it back.

That will really affect this market. I dont see myself quitting here, since I trusted Bitcoin due to the fact that I have onced have my own profit here and it really feels amazing when you are able to help your parents and sustain your way of living. I think the current statistics must not be rely on since it was just a turning point for this currency to blow in the upcoming year,we should be just patiently wait for it.

So what is your 'entry target'?

IMHO btc will revert to $1400, but not until next Jan/Feb, like last year last 1/2 of xmas season btc trading seems to slow down, I see a major dump early next year, Then more consolidation above $1k, if that fails then the next floor at $400 will be tested.

That's easy, I think the hard thing for people like you will be at what price do you go in, and at what price do you exit?

BITCOIN is NOT going to go back to $20k any time soon, not for a long-long time, thus say when it goes to $1500 do you buy? Then you HODL and assume it starts climbing back to $6k? Then do you sell or do you HODL and watch it fall back to $1k? Just curious about your 'entry' plan

Note in REAL investing, when people buy into an asset they have a plan, a planned purchase price, and a planned 'take the profit' exit price.

BITCOIN seems to attract this HODL thing that all 'virtual currencys' revert to the moon, and that is insane, cuz the real world don't work that way,

So tell us, oh wise one, now that your wiser, what low entry point are you looking for, and what exit price will you follow up to sell, to take your profit?

Well there seems to be a consensus here :)

1.) Nobody is Quitting

2.) BITCOIN is heading to $1k

IMHO Jan/Feb will be ugly, but after that if 'new money' can be found, or there is a war, or some justification for moving into crypto then BTC could maybe head back to $6k, or something like that, hell our 'investors' don't care they just flip the bitch,


Anybody making money 'shorting btc' on the futures market here? Or are the shorts too expensive to buy?

Until all these speculators "GO AWAY", quit I  guess is the word, bitcoin will continue to the roller coaster thing, but eventually it needs to stabilize for a long time near common mean-reversion price that the 'professional market' can understand, the current volatility, is just a sign of infantilism, and for a 10 year old to still be acting like a baby, is a bad sign.

...

The conflict in interest here is fascinating, just yesterday the majority of our HODL'rs were telling others to BUY and now they're saying the concur price is going down, so its sounds like there isn't going to be many buyers stepping forward anytime soon, unless our flock here is going to continue to tell others to BUY into a falling market.

Lastly, the consensus here is "Do as I say, NOT as I do", YOU HODL, I wait for the low entry price. This is exactly what the whales do, they SELL and cash out for real fiat, but tell the little fish to "HODL", then the little fish try to do the same thing with the moron fish.  If you go higher up the HODL food-chain you even find more liars, criminals, & ponzi-scammers.

To be part of the BITCOIN CULT you must really live in cognitive dissonance? Right?

i think for now i'm not determining where the stop point is at the price of bitcoin.

bitcoin will develop better in the future, indeed for some people may give up at some point for various reasons. but i think someone has taken advantage of it, i personally will not stop and surrender my shares to them. i will wait until the market returns.

in this point we can get two possibilities, the first possibility is bitcoin price will go up after getting the price down, or the second possibility is bitcoin will go down and down until it doesn't have any value anymore.we should make a prediction about our choice, are we still believe in bitcoin and hold it or not

The lower the bitcoin price goes the more i can buy with my money, there's no more quitting once you get into bitcoin. If by someday someone attacks the network and succeeded, maybe that's the time to evacuate. But I thinks it's still expensive to make and maintain a 51% attack on the bitcoin network.

I don't quit, and even I will buy more bitcoin especially if the price is down for more because I see a good time to buy more and more and hold it for a while. Maybe he wants to ask about when we need to quit buying bitcoin and take a rest for a while and only watching the market moving fast. I think this time, we can try to buy, hold it, and sell for making a profit and still hold bitcoin for some amount and waiting for the price to increase higher. And if bitcoin price touches less than $3000, then I need to buy again and again because that is my chance to buy bitcoin at the low price.

For me I didnt think on quiting bitcoin before I agree that the market is really bad right now but im still hoping that bitcoin will rise again before the end of this year 2018.
To answer the main question here, I think I will quit when BTC value fall down on 2 digits.

I agree. It is not the fast track to become rich but if you leave the market now because you are afraid to take risk on bear time you might regret this. It is the new start on crypto, maybe it is the lower price now which you can take and wait till the worth if profit comes. We cannot predict what will happen after this so better to be ready.

i have never invested in bitcoin "only" for its price so i would never "quit" because of its price either. i invested in bitcoin because it was a decentralized currency which i could use globally without anybody being able to dictate my actions or force me to do anything that i don't want.
price has only been a secondary reason for me and that is not going to change.

Completely agree with this. The main reason for this topic was to see what would be the reaction for a solid price dump. I see that so many real investors will hold the ground. Good to see that.

The word quit are for losers. I do believe in this technology and I will stick with my plan since from the start. I invest in bitcoin for long term and this current situation and dips won't really bother me since I'm so certain that the market will correct itself anytime soon. With the scarcity of bitcoin few years from now due to difficulty of mining, I'm pretty sure that its value will also increase. I only invest an amount that I can afford to lose so this bloodbath won't really affect me that much.

This person optimistically believes that the price will conquer new heights in 2019.
Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori.

The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he believed bitcoin bottom is near, Kayamori stated that the market would not show any significant bullish corrections until the end of this year. But after the new year, a lot of catalysts could influence a sustainable rally in the bitcoin market.
https://www.ccn.com/bitcoin-price-will-hit-new-all-time-highs-in-2019-quoine-ceo/

The only quit point is $0

Once fiats are pegged to bitcoin nobody is "quitting." 

there is no point for me to quit bitcoin i am long term investor if bitcoin price down more i will be buy more and  hold its for my long term strategy

when you play dice, the instant you see that the dice is on the floor and you already have the result you can not change that result no matter how much time passes, but with bitcoin is very different, if you invest today you will profit or you can have losses, because this is a market, there are sellers and buyers, there are strategies, there are risks, do not come here in the forum to spread your poison.

The price reached $ 20,000 when it was a market that did not have much attention from governments and banks, but things have changed, banks and governments have begun to take many tough measures against crypto and this made many people stop buying cryptos... But in the future when the market is regulated and these regulations are more favorable to cryptos then the price will increase because it will have more demand



bitcoins are limited and there is much more demand in relation when the price was $400 in the past years, so I believe that in the future we will see very high prices. Do not spread your poison in this forum


this is because people just look at hold as the only option to profit from the market and are not diversifying their investments, when people focus a lot on one thing and this thing is not bringing the results that they expect then they start to get frustrated


People should think of one day using bitcoin to buy things in real life, so why the hell would they think about quitting?

I was there when Bitcoin was being traded at two digits only. I was happy when it climbed and reached three digits but then It crashed to two digits again but I continue to hold on. I saw Bitcoin price climbed up to 4 digits and 5 digits. I continue to hold on until from 5 digits it plunged to 4 digits. My point is, if I was able to hold on to my Bitcoins when it was being traded at 2 digits and now to 4 digits why give it up. I don't care how much is BTC to USD, what I care more is how do I increase the number of BTC that I have.

To decide the exit point of bitcoin, of course, only each person knows. And in fact it is already like taking a step to start leaving or leaving Bitcoin. Nowadays, it's like being bored with the value of bitcoin that doesn't go up. Following bitcoin has greatly needed a strong courage of friends.

I do not have a quit point for Bitcoin. I will stick to it even if it drops to ground zero and I know I will not be disappointed. Bitcoin will rise and be a million dollar one day

Cryptocurrency is where the future of the financial world. Thinking of quitting bitcoin because of the price which we all know the history that it can never be stable but volatile. What was bitcoin price 5 yrs ago that is 2013 was it not below  1K but in 2017 it made it highest high of $20K. So if we are having this price at above $3k  I do not think there is nothing to fear

Well, I strongly believe in bitcoin whatever the price is I don't care as I know bitcoin will be in the right track very soon. So I have no intention to quit bitcoin nor I have quit point for bitcoin rather than I will keep investing in bitcoin.

Every bitcoin investor will have a good view of the future of bitcoin prices. Even though at the moment the price of bitcoin is declining, down to the three digits, I'm still sure some investors out there will not consider going and giving up. There will always be investors who say this is a good time to buy, you can see ATH 2017 and every investor gets a lot of profit from his investment, maybe that is a consideration for them to stay.

This now the right time to think wisely whether buy more or just hold your bitcoin. If you aren't sure enough of what you should do with this drastic fall of market, I think it is good to pause for awhile and get back on tract to eliminate the negative views. Despite of the market undesirable condition be still strong and remain in crypto.

there was no quit point in bitcoin price, we are a small unit of bitcoin user so the best thing for us to do is to hold and go with the current flow in the market, those holders and those huge investors in the market will control the market and since they are controlling it, it is better to take the opportunity of having some coins while the market is too low and be ready for a long time holding.

I've already sold half my bitcoin and bitcoin cash (which I got for free when it first came out) for a massive profit.  I will hodl the other half no matter what.

Some have set their standards on what price point will they quit BTC, I don't think that is actually recommended, because the price may be low as of now, but it won't continue to stay like this forever, and that is why I don't think the price would even go down to 3-digits, but If it does, expect  the unexpected.

What ever the price of bitcoin will be. I will not still quit bitcoin. As long as there are still people who still believe and invest into it. I will also support bitcoin.

I don't have any cause I have not given up on bitcoin yet the price is annoying and discouraging but still, I am not giving up on bitcoin not now there are still hope for bitcoin to recover

So far, all the charts show a deep falling trend and according to all forecasts we will walk to the price of $ 2900. At the same time, there may be a rebound and reversal of the trend. So far, it is possible to wait for the price at 2900 and then try to enter the market.

I will not stop even though bitcoin is getting lower and even though it reaches 3k, I will keep holding because bitcoin will not disappear, even though the price is low but bitcoin can still recover.

I dont have BTC so...  :D Quit from Crypto? Not in near future.  ;)

There is no time to quit bitcoin no matter the price. The price of cryptocurrency is volatile and may not be stable so even if the price goes down below $3K today that does not mean it will never reverse and trend upwards. The future of global financial transaction is with the cryptocurrency and the inroad to the cryptospace by the business world is massive now.

No time for quiting if the bitcoin still have a price. We must understand that being in this system the price changes everytime there is a movement of tradings and investments. It will increase in no time.

as people quit thats when i buy in. my quit price is 6 figures

There is no quit point. Better a promise of a rise someday, than selling for pennies and dumping the price even more. More than the effort of pumping Bitcoin by some enthusiasts, it is the clear and stronger effort to dump it more and more. Quite strange some people are so commited in dumping BTC's price. The said pessimistic wave is being created to incentive people to sell everything, I believe.

I don't know at what range the investors will quit for bitcoin because the reasons could be so different between from various investors but i think more cheap bitcoin then it's good to buy and i personally don't have any plan to quit although the price will lower than now because i'm pretty sure someday there will be upcoming rise up for bitcoin price and when the price still cheap then it's good time to buy

My quit point is above $70k 8)

Ow you meant the bottom quit point..... thats < $-1 ... I will take all coins for money ;-)

I'm riding it to the end no matter what. I'm too far gone.

And shouldn't one's quit point have been at the $20,000 level?

If people are waiting for the ultimate low to quit, well...

The lower the price the better it is for me. It's no longer 2013/2014/2015 where the price of a whole coin was just a couple hundred bucks. $3400 would allow me to buy 10'ish Bitcoins back then, right now it's just 1. This is an opportunity of a life time for people, use it instead of complaining about everything. Months ago people would wipe McAfee's booty to buy at current levels, and now they act like a prima donna and play hard to get. ::)

Someone should set up some sort of a Bitcointalk book with comments from previous bear and bull markets. It's great fun reading through how people in 2011 called each other suckers for having bought the top at $6 or something, lol. Current times aren't much different. Same panic and trolling, just a different price.  :)

The only price that can make me quit is if bitcoin goes to zero, at that point I will know that a market of cryptocurrencies is dead and it is not going to recover, the money that I have invested in bitcoin is money that I could spare so while I will be sad if I lose it I will be more sad if bitcoin reached that price because that would mean not only the disappearance of bitcoin but of cryptocurrencies as we know them.

For me, I don't normally have a quit point on bitcoin. I just cash out my money whenever I see the market is unstable or feel like something is wrong with it. People invests in bitcoin for profits and without it there's no reason to hold it. 

I'm not sure I'll ever quit as a user unless it totally dies out and people stop using it. But I might give up on the long term uptrend and any expectations of exponential growth if price starts holding below the 2013 highs. That would suggest strongly declining demand.

As far as overall investor capitulation, it's anyone's best guess. I think it's somewhere sub-$3K, maybe even sub-$2K. But who knows? This market is full of surprises.

Exactly, others may call us dump investors, but it is what it is. We need not just to ride the waves, but to prepared for the worst as well.

Actually with the current state of the bitcoin market, we're already reach a point wherein most of the investors have gone for good. But for me I'll better stay through thick and thin.

For me is no quit point and i will still do what i do now, trading, running masternodes and doing arbitrage. Anyway i think bitcoin will grow in time and the price will be a good one for all holders and buyers and for all investors who wait.

I will quit Bitcoin if my lose will be unbearable anymore like maybe if it will reach below 1000K but for now i will extend my patience and keep the faith that Bitcoin will bounce back soon as it was in this difficult situation before but still survived.

oh i see that you invested on bitcoin . well for me  im not an investor , thats why i will never quit on this battle no matter how low can bitcoin go   .  im always be happy and thankful because bitcoin already gave me a good life that i never get on any other things . 

 anyway , we should not talk about negative things such as quitting or dying of the cryptos because that can only cause us a depresion and hard feelings  in the long run  .

 instead why cant we just foccus on buying and hodling more coins ?    always remember that cryptos are useful and now already recognized by the masses . sooner or later it will still become indemand and that is the time that the price will rise  .  so cheer up guys  ,

Usually the surrender is the investor who has panicked because the price dropped very far, so they stopped to invest. If the price drops below four digits I am also sure that many investors will panic and sell their bitcoin. This is normal because prices fall so far that many investors stop investing because they consider bitcoin to die. But actually my advice is if the price leaves four digits to stay calm and don't panic. We must remain confident that prices will recover slowly. If the price of bitcoin goes down I don't have a stop point, I'm better off buying it again and hold it until the price rises.

For me its a thousand dollars. If bitcoin ever reaches a thousand dollars I will sell all my coins and just leave the bitcoin market for good, that is too much of a loss to keep going and I would rather make my income from something else. It would kill all my income and I wouldn't be capable of paying my bills if that happened. Even right now I am looking for a more "real" way to make money instead of keep working in bitcoin industry forever, if I am doing it at 3 thousand dollar or so, I will definitely move to that when it reaches a thousand dollars. However, I doubt it will ever reach that type of price again, even 3.5 thousand dollars was met with a shock and people bought up bitcoin (whales specially) because everyone believed this was a temporary deal.

I don't think that the investors will one day quite the market.  I believe that they are going to keep investing as far as the market remains because of the hope we have in future.  I just believe that cryptocurrencies market is too good to be abandoned no matter how low the market go.

in my opinion, investors who buy bitcoin above $ 3k won't sell their bitcoin under $ 3k, they should know if investment is inseparable from patience. you have to believe if patience will make things better.

I can see pessimistic AND optimistic comments about bitcoin price and its future. I believe that point of complete quitting is individual and varying from person to person. I do not think about quitting too even if bitcoin price goes under four digits. From financial point of view, three digit value could mean that it is really good moment for more investment.

I don't see any quick point in the use of bitcoins thought the price will not be in my favor , but as long as miner continue to mine and become serve it main purpose as peer to peer payment syste, no turning back on bitcoins.

Well its depends to every crypto user how and what they want to exit because some of people in crypto is grabbing the opportunity even the market is on down situation so I think even the bitcoin go to 1k many people will grab it unless to the people who buy in higher price before that suffering of losses.

After entering the crypto currency world, i dont think that anyone will try to quit forever, it is only that book profit and reenter in low. I do daily trading with profit margin of 1 to 4% for each trade. Which is why in long term my purchase price of bitcoin is low

The market of cryptocurrencies is not that really well developed so it can allow us to get stable profits out of it, when it comes to bitcoin it seems to be an all or nothing kind of deal, you either get huge profits or you lose it all and selling your coins for a low price seems to me like the fast way of becoming one of those that get huge losses.

There is no quit point. I'm already below the water, so there is no point in selling it. Suicide seems a better option than surrender.

However, I will sell when we reach something around 35k, but it will be very small fractions, just to cover daily expenses.

Whatever will be the price of bitcoin I will not quit and I will never quit. I do believe that once you quit you just waste an opportunity to become rich in the near future. No matter what happen to the price of bitcoin I will never quit because I know it will help me to have better future.

I don't have a quit point.
I'm with Bitcoin for a five years now and I've seen better but also worse time so I don't have intention to give up. Also, Bitcoin isn't for me only the value of price and profit but also a way of life.
I beleive there are more similar users like me who have the similar view on whole situation so Bitcoin will not lose all supporters.

I guess most people are oriented at the point where they invested in BTC, so if you invest at 1000$ price there is still time to take some steps. There are also others who buy above 10k $ level, and they are in tricky situation (if they have not already sold it), for them is only question : Is it better to sold now, or risk to lose even more?

Based on a short history of BTC it can be assumed that even after this turbulent period we can expect some new exciting years as it was 2017. The key is in patience and strategy, weak will give up and strong will be rewarded.

I personally have no quit point, why should I worried because BTC is today 3000$ or because it can go down even lower? I belive in BTC for a long term, and if it fails for some reason it will not be the first or the last thing that failed in life.

Spot on. I don't think all btc users see it only as a short term money making tool. With the way things are going today, obviously it's not lol. But i'm in for the long until probably btc becomes really stable and can be used as a transactional tool without hesitation.

everyone has a different opinion, but if indeed later the BTC price will only be 3 digits. I personally will also think again to continue investing.
I don't want to waste time.

That's right, you are not a real crypto enthusiast if you are going to quit in holding crypto. So, in quitting have you back your losses? Probably not, you could not find your profit if you are going quit, just have patience in waiting for the right time when a market will back to the normal situation.

I don't have a quit point no matter as to where it will bring me because I trust its potential and I believe that Bitcoin can certainly recover from crash. It's a never surprising trend, it has been its nature, it's very unpredictable and all we need to do is to be patient and trust the process. Market is not always at its best, we must deal with it constructively, but we should also remember that worst things won't last for a lifetime, there's still a chance and a perfect time for the market to recover. I thinks that it's a market reset and everything will be back on track at the course of time. Never lose hope and patience.

so far I have only seen people holding their assets waiting for prices to return to normal. however, I think it is quite difficult to invest now without looking at possible prices. well, but you're right, everyone has a different view from this, because each risk is borne by each. I also feel that prices will rise soon, but there is still no courage to invest.

You really cannot blame those people commenting pessimistic remarks about the value of bitcoin, they too have lost w huge amount of money (I'm guessing). It Really came in as a shock to everyone that bitcoin will spiral down before the year ends. A complete opposite of what had happened last year in which bitcoin almost toouched $20,000.
Personally, if bitcoin will continue to behave like this, my quit price will be at $1000 to sell and $500 to buy. I am still believing in the advocacy of BTC though.

I entered this ship knowing full well what the risks were. So I never invested more than I was willing to lose. I burned the lifeboats and I will ride this b*tch to below zero. By then the price is so low I cannot even sell even if I wanted to.

I will prefer not to quit bitcoin anytime. But if there is a call then i prefer to be less than $500. But these types of speculation is not helping as the bitcoin is growing in good state and in the upcoming year we will expect more than $7000 price of BTC.

Yes, any cryptoneir that quit the bitcoin just because the down trend in price is much definitely dont wont to be in the crypto sphere but I presume you misunderstand harapan statement because he said "I personally will also think again to continue investing.I don't want to waste time." which I believe he was talking about taking the advantage of the situation.

I do not plan to go because the price of bitcoin is falling further down, I have entered the crypto world and even though the future price falls without control, I will never sell low.

in my opinion, we stop with Bitcoin as a government ban and there are no investors who use that currency anymore

I don't do the price predictions and rather am interested in investment. So regardless of what the price is, for me, it's all about Time and loyalty in the crypto. It's more about ideology rather than monetary benefits. But anyhow, there are going to be rises.

I don't have an exit point, since I don't plan to exit crypto. Be that as it may, and whatever happens, bitcoin will stay with me, even if just as a memento. I was ready to lose my money when I invested it in a cryptocurrency. Although I'm sure that I will not lose them but rather multiply them. But a little later.

My bitcoin quit point happened long ago when the price starting to drop. I ended my trading era and started to take chances on holding since its the safest thing to do. Buying at low price then selling at high. So far, i didnt get any profit with that but i know months later, i can harvest all my patience bucketful.

Bitcoin investors are different from bitcoin holders because we as holders dont have specific prices to move out,instead we rejoice whenever the value go deeper because this means another chance of buying bitcoins.while investor literally want profit.and if they dont get this in their point of buying and selling then quitting is next options

Trusting like this can be converted to a good outcome, people who believes that no matter what will happen they will keep holding their assets, if things go favor to it's directions the profits/gains will be huge, we don't know what tomorrows will bring to this industry take the risk and trust your judgement.

Gaining back what he/she lost gonna be hard though. However we must trust in a better future.

goaldigger: Yea and I think you took some profits at those levels, so you wont go bankrupt. That judgement was proven alright I guess, when the BTC was sold at those nice near ATH levels. Congarts buddy!   ;)

Quit as in no more interested or quit as in I got my profits and want to get out ? I mean if it is quit as in I am not interested anymore there is no limit to it, I can continue being interested in bitcoin even if it goes as low as 1 dollars (it won't, no chance in hell) but I have cashed out at 4.200 right now, just because I sold my coins doesn't mean I am not interested anymore, I am still here and I am still very much interested its just a move made to make sure I am not in danger anymore and I will keep getting more and more bitcoins in the future as well.

Quit as in I am got my profit and not looking for further profits is probably 25 thousand dollars or so, if the price reaches there I will keep selling every single satoshi I get my hands on and not keep them on bitcoin at all.

Quit on what.Lower the price is more you earn in Bitcoin. When price is $10k you earn 0.1 BTC when price is $1000, you earn 1 BTC.  There is nothing to quit. Just you gain more when price is low. Only price point I have is when I will spend more. Right now I dont want to spend any Bitcoin. None unless I would really have to. My start spending price is probably hmm ...  Maybe $20k Bitcoin that i go off old bread and water diet.

I would rethink that. $25K is only 20% above the previous ATH. If you look at the previous bubbles, we went much further than that each time. This is one of the biggest mistakes people make after holding through a bear market: they sell way too early.

We've been correcting for a year now. By the time we get to the 2017 high, 2+ years will probably have passed. After that much time, I expect another bull run comparable to the previous ones (more or less). Five figures is a given IMO.

Fear of overshadowing the beginner's trade and they have joined in crypto for a poor condition for a year, investors know very well how crypto is and now they only change their assets and will return to crypto when the trend gives a fresh

if the price decrease very low like 1 digit. But maybe I did not quit still because they have new king for sure will have and ofcoarse it is ethereum. And it is a chance to buy more altcoins because that day when the price is very low like cents only.

maybe for the word surrender for each investor no one can know because it depends on the confidence and patience of each investor so for the last point no one can know for sure

I will never quit because there is always going to be demand at any price. If one whale leaves another will join, prices will fluctuate but history shows it will always go higher and higher eventually

Honestly, I don't believe Bitcoin is ever going to die. We have come a long way and there is still a long way ahead of us.
To answer your question, I don't really have a quit price but I'll only exit crypto when the last two traders stop (that's when no one is willing to buy or sell).

No quitting point price for me. As long as crypto lives, bitcoin will never be a coin to leave in the crypto space so I am not going to set a quitting point for myself. This is a bad time for crypto that is why we see the prices very unfavourable but things will turn the other way soon.

zero, it is all house money.

Having a quit point is simply just being ready to quit, I mean if you really do want to continue you shouldn't put a price point on when you will quit, for me that is the most ridiculous thing I have ever heard, because you will have a lot of what if's, the price may be low at the moment but in the very end you'll never know if the price might be the same or it might blow up, and that is one decision that you'll have to regret if this happens.

Goddamn right. If we didn't sell at $20k, wtf would we sell at $2k or some shit?
Six figures or bust.

well, the quik point for the price of bitcoin doesn't really exist, and even that depends on everyone. for me, the price of an unstable bitcoin has become an important point for me. well, this illustrates that bitcoin is still very useful in the community.

This is the true believer who knows that even if their is a fall certainly market will recover at the end and will reach the pricing point if not now in some months. So people will not see the zero price and will continue to rise or will recover from the lowest point as well.

Well, as of now I do not think I will quit Bitcoin eventhough until know its in down. Because I believe this coming 2019 it will rise again wait for it to happen. As long as Bitcoin is continously working and I can work for it I will still stay here. Maybe some people are thinking to quit because the current price and they did not want to lose their money.

I don't think Bitcoin will end, and I don't have the lowest point to leave Bitcoin, because I believe Bitcoin will soon rise.

I think that depends on someone's emotional condition, and from that emotional condition someone decides on the lowest standard to get out.

My only "quit point" right now is right around 10,000$ so I should have at least around a 350% gain in my portfolio and by that time I could hopefully see Bitcoin correct so that I could buy back again. What you calling "quit point" doesn't necessarily mean you need to cut your losses as you can sell any time not even at a loss, cutting right now would only mean you have lost the game and you seriously just have slash your capital without any doing any earlier action with it. My opinion just don't give up but you should always prepare for the worst.

I hope OP doesn't mean to say that he was only waiting for someone to quit it already so that he can quit too. Thinking that way is kinda frustrating because we all know that Bitcoin will not die at this moment, it is just we are at the moment where there is a bearish market.

I hope OP that he knows that too, that even how great your economy there are times that we will suffer economy crisis soon, and it is a fact.

Quitting will be a question for those people who do heavily invested. Talking about 4 digit figures price is possible but who knows if we would drop even more into that range.If you do ask me on my quit point then
theres no such point I would quit since I'm not investing too much but rather earning it.
Each of us do have our own goals and giving up point but theres no doubt that if bitcoins price will drop to $10 then lots of us will commit suicide.

no, I will not sell my bitcoin at a low price. I will keep holding it even for the next 2-3 years. many say bulls will occur in 2020, and I hope that really happens.

Hope you can manage to hold it for that long.

Since entering into crypto world, I've never think of quitting in fact,  I feel my self comfortable into these.  The bearish seasons won't last forever and we saw it stopping by now. Though not so high it recover for now but it slowly going up which is good for us rather than to have an instant pump.

yep, that happened to me too. even when the price of bitcoin becomes $ 300, I'm still very interested in looking for it, and I sell when I think it's necessary, or when I really need money. the point that I consider important is, that bitcoin will continue to grow rapidly.

By "quit point" I think he talking not about the take profit instead his liquidation price. Its very easy to pick a take profit area however if the investment is going against you, where would you sell before you really start to become emotional and angry.

I've been around for a few years so I am used to Bitcoin being around $300 or $1000 or so. So basically for me $3800 is still a very good price. I think if it goes into 3 digits, then its not good, however I don't think we will go that low.

However for a new investor of 2018, I am pretty sure their average price was around $10K so they are sitting a huge losses right now. And if it ever reaches $10K again, they will probably sell and try to "break-even" on their trade.

there are no reasons for me to quit because I see crpytocurrency has a future due to the innovations every year, as long as the bitcoin and crypto industry has a price I would not turn my back to it. There are lots of people quit because they are only look for the price and when the price drops it will really frustrates them that is the reason why they are quitting.

A massive decrease won't make me quit in crypto. Even if the price goes 3, 2, or 1 digit. I won't, I'll buy instead and I'm confident it won't go that low. Such digits for price has been pass because of continuous growing of users and demand. That's why I'm really confident. If you are still making profit at any price, why would you quit.

Right about now, I would settle for a price anywhere between $25,000 and $55,000. Anything lower and I'd have to hodl for as long as it takes even if it's forever, Just have to believe Bitcoin will pull through.

Im not quitting to work on the bitcoin because for sure if the value of the bitcoin become very low in the future I will earn money remain because not only bitcoin is my work because there is a lot of coins also. Even the price of the bitcoin down to $1 Im still here and never quit period.

I dont have quitting point or selling point for my bitcoins, I like to have them and I hope I will always have some. I sell when I need money, when I need to buy something, but I have my stash too. When price blow the sky I will still have some, I will sell some, but end game is that I will able to use my bitcoins one day for real, like I will go to and buy some nice car with 0.01 btc? Sounds nice, well maybe one day we will see bitcoin price so high that nice car will cost 0.01 btc and people can buy them directly with bitcoins.

Quitting because it's down is not my style, I might quit when it's up, I mean if it will hit my maximum target.
I will definitely cash out and just enjoy life, trading in crypto is very stressful, you have to be active and know the market condition to ensure you will do a decision on a timely manner.

Maybe if bitcoin will reach $500,000 each, that would already give me enough money to quit, but I don't want to conclude
and our decision changes when we still see more opportunity ahead, human as we are, we have greed inside.

Bitcoin having a low price is not an exit point, it is actually the opposite to me. It is accumulation time whenever bitcoin hits a low price. There is no point quitting when you know the true value of bitcoin if multiple times the current price. I have been holding for so long, it is already not practical to quit.

Now, many people are trying to rock the boat in which we sit, they make various provocative statements in order to deprive all of us of the opportunity to adequately assess the situation, and the less you listen to those who talk about Bitcoin falling below 4000 - the better for your nerves.

If eventually the market value of Bitcoin drop below $3000 which is not likely to happen base in the current market trend I will not quit rather I will buy more because such level in the market value of Bitcoin is an opportunity to invest more and expect good return in no time.

This is the part of the story that sometimes becomes strange to me, right now; I want to believe that only newbies are threatened with any fall in price of BTC, because when BTC price falls, very good investors will see it as an opportunity to enter the market again.

If I am to talk about exit point, it should be for trader and not long term investors, for me, I have my bitcoin stashed in BTC for a long term investment and will be there till God knows when, while I have another part I used to trade in meeting up with my daily needs, that I van say I have exit point, which is when I see profit that is good for me, and then enter back when the price drops.

The price is now sitting at 5k+ usd and 3k or below is not far enough which means there is still a possibility that bitcoins value can fall on the said price but even if the price go down harder i have no choice than to stay because this is where i earn  . i dont invest nor trade but im only a worker i earn bitcoin and i can sell my bitcoin at any price in order to earn a profit  .  and if ever the value drops dramatically , im pretty sure that it can recover again quickly because investors are only waiting for a major dip before they buy in a massive amount  .

Lol, newbie indeed, we cannot really blame investors for any decision that they make, we all have our limit and level of patience, we can only encourage them to understand how the market works and never to quit too soon for the sake of their future.

For me, I have quitting point too for altcoins though and not for bitcoin, my quitting point for Bitcoin is probably till BTC reaches an ATH in the future where it becomes stable and cannot be manipulated, while my quitting point for altcoins is every time I see profit in my investment, I take it and quit. BTC is more reliable for future.

Unlike the price fall there is promised recovery within specific time period depending upon the market situation. The present market is highly supportive for growth, this give the confirmation of bouncing when drop happens due to corrective factors. I have never come across people leaving cryptocurrency and bitcoin just because it drops low. Unlike its prevailing market I'll continue to use cryptocurrency for my good.

That is the reality.  Why should someone quit because bitcoin is having the lowest price?  I think when the price is down we seriously have an opportunity to buy and make fortune when it rise again.  We should not quit at any low price but quit when we know we cannot afford to invest again.

Lol those quitters cannot consider as bitcoin investors and what they are is just a people that only wanted to take some profit and go away

I will never consider myself quitter because I’ll stand by my bitcoins until it pours all the value and returns into 0 value(though i know this will never happen)I believe in the future of cryptocurrency and most specially bitcoin

Yours is understandable because you are a salary earner and the purpose for which you are being paid is for the work you have done, and you can take you money at any time, but for investors, I don’t think it will be the right time to quit now, we might assume that the market will fall and it will take another turn.

We should not really worry about the fluctuation in price now, since they are not traders, the best quitting time should be when the ATH of BTC has been reached. I believe that the price of BTC may not fall again because at every little dip, there is always a standby bull that will invest and support the market back.

I think this is the most common and expected answer from many people, but do you know when this will happen? Have you ever thought, why do people have to think so hard about a problem?. Because, "Thinking will help you sharpen the sharpness of the brain."

The method and way of thinking of each investor are usually different from the way others think which means that everyone's mindset is not exact the same. I will personally look for an exit point when the price rises even though it is only a few%, for example 20 to 30%. When the price drops I will go back in and buy, and sell it again when there's an increase. By looking for profits like this, then how to make a profit will be more effective.

As a trader, of course you should to have an exit point dude? although the price will rise again in future time, but of course it takes time. and traders don't have a lot of time to hold on, because they have to keep earning, the choice is to keep holding or cutlose. and traders have to dare to cutlose, when the exitpoint has arrived

Indeed. As long as you have the money for your needs and wants, and your investment in Bitcoin is just your extra money then it's not too ambitious if we're going to sell it at its ATH. I don't think it's a bad decision to sell for ATH as reaching it has more probability to go down after due to resistance of the market.

Quit into what - fiat who's value is tanking into nothing? why?

Invest in something must use money that really free, and it means we wouldn't use it for anything except in urgent situation. With that, like what you said we wouldn't really forced to sell it when it is make little profit for us. And if ATH can reached and we can take that advantage.

  Technically, taking the action with unreasonable deliberation willl lead you to gain loses. The current value of bitcoin may shown rapid growth a huge tendency of bountiful future will occur in the near future. But if you are certain to what you have deliberated, then it is probably appropriable way to earn profits on your own decisionp.

for now I might only hold the bitcoin that I have. we know that the current price is quite low, however, I think the end of the year will be something very important. at this point, I will only hold the assets that I have, and try to collect as much as possible.

Much better for believers like you to continue to seek what you've believin in, I also doing things like this, saving bitcoin instead of thinking of quitting, as time will passed and things will start to be good again, the cycle will continue if you stay much longer, finding the end point might be easy for gainers who's been around for  quite some time, keep investing and wait for the outcome, still have a lots of improvements to happen along the way.

I believe that bitcoin can overcome all kinds of price declines and will eventually recover in due time so there is no quit point for me. When price accumulation comes, i will going to buy coins instead because their prices are lower. At present time, the price of the bitcoin rose to $5500 in recent days and this proved that the bitcoin will always recover from a bearish condition that lasted for a year.

I have never thought of quitting this market as long as its still working and keeps on developing. But to be honest, I'd like to cash out quite good amount during 5-6 digits. I'd like to pay for a cruise and want to treat myself on a vacation. Actually as much as possible I've dedicated myself to this market won't leave as soon as possible. I'd like to stay as if this is already my life, crypto's the future and people would go crazy on it when they actually see the mass adoption and once the value goes tremendous.

Yeah, thats quite reasonable quiting when bitcoin goes to 3 digits, but for me when its come to that point I actually take advantage for that I invest more on that instead of quitting because I believe no matter how many hard fork appear it should be a bounce back after that.

I agree with this, and in my own opinion quitting or setting a certain limit is like stopping yourself to obtain better opportunities in the future. Whenever I heard some negative opinions and thought about Bitcoin I just look into its history, how it dump and eventually fluctuate in the most unexpected price which gives me optimism and hope for me to continue and strive hard for earning, I have lost my money before, and that is because of the wrong decisions that I have take. If you don't want to lose most of your money, then part an enough allocation of your money to Bitcoin which you will store into your wallet and recently I have discover    Darb (https://darbfinance.com/?=crowd) which is an exchange that allows me to convert my assets into another useful assets that I used whenever I get a chance to engage in Bitcoin, and it also allows me to experience a faster way of making transactions.