[POLL] What would you do if bitcoin price suddenly starts dropping?

[vendetahome]

What would you do if the bitcoin price would start decreasing at a very rapid pace, for example 50 dollars per day?

I would most probably still hold it as i would believe that it will recover after a few months

[unamis76]

I probably wouldn't do anything different than I'm doing right now... Or maybe I'd buy more So not voting as nothing really fits me.

[xqus]

You are missing the most important option. Buy more bitcoin!

[vendetahome]

I probably wouldn't do anything different than I'm doing right now... Or maybe I'd buy more So not voting as nothing really fits me.

You are missing the most important option. Buy more bitcoin!

added two more options for you gentleman, thank you for your opinion

to be honest the option that i would buy more bitcoins is even better than holding, too bad i have already voted

[Amph]

the same thing that i was doing when it was dropping suddenly from the last ath, HODL

[shintosai]

What would you do if the bitcoin price would start decreasing at a very rapid pace, for example 50 dollars per day?

I would most probably still hold it as i would believe that it will recover after a few months

Even I'm new in learning bitcoin I still believe that price will recover back so I will also buy more if this things happen.

[bitraine]

i will sell apart of my bitcoin. then i will buy on much cheaper price. that way i can make still make profit.

[busybee7]

What would you do if the bitcoin price would start decreasing at a very rapid pace, for example 50 dollars per day?

I would most probably still hold it as i would believe that it will recover after a few months

Even I'm new in learning bitcoin I still believe that price will recover back so I will also buy more if this things happen.

you might be right though the price is pretty much unpredictable so no one actually knows if the price will grow or not

i guess it would depend on why the price is falling, if the biggest whales start dumping their coins most probably i would sell a part of it too and then rebuy after some time

[BitcoinHodler]

i would make sure to fill my exchanger with fiat and start buying as much bitcoin as i can.

[hasiramasenju]

i would like to vote I would sell it all immediately because honestly panic sell would happen to me not only many people
and i would thinking if i had sell immediately i won't loss with very much

[BitMaxz]

For i will wait for the price will drop until the price is very cheap and i will buy more bitcoin so that i can make more profit if the price is increasing again..
Bitcoin will never die and its always our the mainstream so no worries..

[BTCLovingDude]

i will never touch my cold storage, not even the price starts going down.

i will sell the coins that i have in my hot wallet and then buy back at the bottom again in order to have more bitcoin.

[Denker]

The question is not very detailed.
Bitcoin is dropping and rising a few times a week.But these are just small movements which don't seem to bother the majority of us.
So you should explain a bit more how much Bitcoin in your case would drop.And for how long.
Then giving you some decent answer would be more easy I think.

[SFR10]

Most likely I hold whatever amount I have and try to buy as much as I could so I could make a lot of profit when it starts to go back up and then sell those that I only bought and hold my initial amount prior to drop itself, so it still somehow a win-win but in a longer manner in which depends on the time scale of recovery.

[danda]

It depends on the reason for the drop.  If bitcoin is dropping because another coin is gaining popularity and that coin has superior privacy, fungibility, decentralization, scalability, immutability....  then I might sell and jump ship.  But only because I value those particular properties.    

If another coin is gaining popularity (such as ethereum) but is easily mutable (can hard-fork without full consensus) or does not offer significant privacy and scalability advantages then I will continue holding my bitcoin because I don't think anything can displace it that is not clearly superior in these areas.

If it's dropping because the security has been broken, then I would sell, if there are even any buyers.

For pretty much any other reason.  HODL!

[MatTheCat]

What would you do if the bitcoin price would start decreasing at a very rapid pace, for example 50 dollars per day?

I would most probably still hold it as i would believe that it will recover after a few months

Where are the options:

Cover Shorts?
Retake Shorts on Pull Backs?
Momentum Short?

[Slark]

Price wouldn't drop suddenly without a reason. There will be some huge news preceding such crash. If we were aware of it we could estimate damage it will do to bitcoin price.
For now I know for sure that scenario of total bitcoin crash is very unlikely to happen.

[randy8777]

it's very simple. if the price drops significantly, then i will directly buy myself some coins. i always wait for dumps to happen before i start with buying.

[DeathAngel]

If bitcoin takes a sudden huge dip/crash I'd be pissed but just hold onto my coins and hope to see the price recover. Only an idiot would panic & sell everything at a huge loss.

[Red-Apple]

What would you do if the bitcoin price would start decreasing at a very rapid pace, for example 50 dollars per day?

I would most probably still hold it as i would believe that it will recover after a few months

i might sell some for a short time and after the decreasing stopped buy back again. but i would make sure to buy even more bitcoin if the price really goes down.