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Question: What would you do if bitcoin price suddenly starts dropping?
I would hold it stronger than before
I would sell a part of my bitcoins
I would sell it all immediately
I would buy more bitcoins
I wouldnt do anything

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Author Topic: [POLL] What would you do if bitcoin price suddenly starts dropping?  (Read 1749 times)
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March 25, 2016, 05:38:24 PM
 #21

I would sell a part of my bitcoin and leave the other part waiting for the price to recover again. So if the price keeps dropping, I would make the loss lower by selling the first part
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March 25, 2016, 05:56:16 PM
 #22

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.

LOL.

Have you never heard of the phrase 'Buy the rumour, sell the news'?

Markets are forward discounting mechanisms.

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March 25, 2016, 06:04:45 PM
 #23

It will be a very good occasion to grab more coins.

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March 25, 2016, 07:54:33 PM
 #24

Probably get rid. There comes a time when 'cheap coins' loses its original meaning. This shit is still fragile.
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March 26, 2016, 03:45:41 AM
 #25

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

why would something like that happen? $50 a day needs a big dump everyday with no downward resistance which is not happening (maybe one $50)

but if i see the price going down i sell all the bitcoin that i have on hand (meaning hotwallet for trading) and wait to buy at the bottom

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March 26, 2016, 05:10:14 AM
 #26

I probably will be brought panic to sell. but if I already have sold everything. of course I would buy it again when prices drop considerably

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March 26, 2016, 05:13:27 AM
 #27

Turn my computer off, Go fix stuff around the house and come back in 2 months

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March 26, 2016, 05:57:07 AM
 #28

that's a no brainer, buy buy buy

since i have been wanting to buy more bitcoin, the possible lower price is a good opportunity to buy even more than i could before, so i would buy with the amount of money i had in mind for investment.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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March 26, 2016, 08:29:08 AM
 #29

Well, I have no choice, need to hold it tight...  Smiley or else, I won't get any profit...But of course I will not be comfortable if it continues to pull down $50 dollar a day and probably be reading news and speculations on why was the price drop..
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March 26, 2016, 09:59:49 AM
 #30

for me, i will hold my bitcoins and in the same time starts buying. But it's very heart breaking to see the price going down, Maybe i can't sleep at night if that's gonna happen. But i hope not.
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March 26, 2016, 03:39:29 PM
 #31

for me, i will hold my bitcoins and in the same time starts buying. But it's very heart breaking to see the price going down, Maybe i can't sleep at night if that's gonna happen. But i hope not.

The same, I would continue holding and if I have some good amount of fiat I will try earning as much when the price goes very low.
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March 26, 2016, 03:58:03 PM
 #32

good to see that the majority of users here are thinking the same, and will buy bitcoin.

this and also looking at the history of market and also the orderbook shows that there is actual resistence against price going down.

Buying the dip...
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March 26, 2016, 04:18:13 PM
 #33

I will sell some part of the coins in order to rebuy it lower with the money I get. Intention will always be to have coins, but not to pay it higher than what I could.

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March 26, 2016, 05:22:41 PM
 #34

i will start to buy and then buy some more.


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March 26, 2016, 05:31:03 PM
 #35

i will start to buy and then buy some more.
thats what i would surely do too, i believe in bitcoin and i believe that it will become a national currency of a lot of countries after a few years

i would buy a lot of coins and then just wait for an all time high then sell it all and make vast amounts of money without doing anything
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March 26, 2016, 06:07:30 PM
 #36

Buy the dips.
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March 26, 2016, 06:12:35 PM
 #37

I would wait for the decline to stabalize a bit so we are certain a new bottom has been reached. From that point on it is a clear buy again, especially if it would drop like that.

It is not a likely situation though.. The chances for sub 300 bitcoins have been plenty and are now gone. Best to just accept this and adjust your buy strategy accordingly.

I have to admit though, that I wouldn't mind it dropping like that for a few days so I can increase my holdings at double the speed (as it costs only half, I can buy double with my current spending plan).
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March 26, 2016, 09:06:56 PM
 #38

i would just buy some more bitcoins and wait

 
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March 26, 2016, 09:53:40 PM
 #39

If I have money in my exchange account, then I will not waste any time and start buying myself some Bitcoins like there is no tomorrow.
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March 27, 2016, 03:16:32 AM
 #40

Voted for "I wouldn't do anything" just hodl and wait for it to go up again, which I know it will, its all about how much you know and trust, people who are in it just for profit always end up panic selling and losing.

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