Bitcoin price is dropping!! What to do??

Hi, im very worried now with the bitcoin price falling so fast...

Is it too late or should i change it all to USD or other currencies ?

Please help urgently and any advise....

Quote from: turtlehurricane on August 25, 2015, 02:31:04 AM

Buy more as it goes down, then hold and profit.

Agree. It is the time to buy more bitcoins. As the value investors mentioned, when ppl are greedy, I am fear! When ppl are fear, I am greedy. But it depends on you, do you have faith in it and patience? If not, I recommend you sell them to USD. Then you can have a good sleep!

I agree. If there were substantive news of an actual technical flaw or legal acts against bitcoin that might be a reason to sell. But people selling because of a general market panic like we have right now, is the perfect reason to _buy_.

I find it's good to put yourself in a position where you don't care if it goes up or down.

make a plan if it goes up to X i will sell some, trying to buy back lower, if it goes down to Y i will buy some to try to sell back higher, mean while you have a long term stach that you're comfortable losing completely and some cash on hand for the day it rains coins and it's obviously oversold to go all in on.

the point is to never be so invested that you would potentially let fear get the best of you and end up selling at the very bottom.

bottoms aren't sunshine and rainbows with a low price that no one seems to be taking advantage of, bottoms are where most poeple sell because things appear to going horribly with no end in sight.

Sell it while you are still in profit and buy again when it is around 180.

i think until this issue about bitcoin XT solves the market is going to be this way. but if you don't have that much you can still hold your bitcoins. or you can sell them now and buy if the price went lower or started to go up again.

Quote from: caliburn on August 25, 2015, 02:29:20 AM

Hi, im very worried now with the bitcoin price falling so fast...

Is it too late or should i change it all to USD or other currencies ?

Please help urgently and any advise....

Sell. Are you crazy? Do you want to sit around all next week just to lose more? Sell. Don't be stupid and let all your money disappear. Sell now and when things get better buy again.

Quote from: caliburn on August 25, 2015, 02:29:20 AM

Hi, im very worried now with the bitcoin price falling so fast...

Is it too late or should i change it all to USD or other currencies ?

Please help urgently and any advise....

if you really believe bticoin, price drop is a good news for you because you can buy more cheap coins.

Since the pools and commercial interests seem to be favoring XT you might as well dump your coins and invest in Visa stock since XT is just a crypto version of Visa with blacklists and all.

i say - but ALTCOINS. they will raise price and you will get back what you lost

ie MAPC ICO of SLOTH dev or so... https://c-cex.com/?p=mapc-btc

or even LTC that halves in just 2 days and has BIIIIIIG profit chance

a big lost for buyers and sellers !!!! am I right??

could it be crashing because dow jones crashed hard today?

Quote from: vodaljepa on August 25, 2015, 03:45:20 AM

could it be crashing because dow jones crashed hard today?

I was also thinking the same thing

Quote from: caliburn on August 25, 2015, 02:29:20 AM

Hi, im very worried now with the bitcoin price falling so fast...

Is it too late or should i change it all to USD or other currencies ?

Please help urgently and any advise....

Advice: Seek your own professional financial advisor

I am holding bitcoin until it starts to go uptrend again!

XT shitcoins will make the network insecure, the smart people with lots of money know this and are getting out now.

I'm kind of in the same boat.

I have 30 Antminer S4s running and am worried if I should get out now and sell my hardware or keep going.