If Bitcoin price would fall to the bottom, what would you do next?

[miro19]

Hi guys ,

New to the forum, just asking, how do you analyze bitcoin price, have been watching one channel for past week and it says the support level is at USD550/btc and the resistance levek is at USD580, previous 2 forecast was right , at break resistance of USD450 and USD500, now the channel says if breaks USD580, next resistance is USD750. Is it possible? Here's the link

www.youtube.com/channel/UC4Xx6L9A2FSaNfGwyV7vDmg

For me if btc price falls to bottom, wait until the last bottom price and buy back btc

[ebookscreator]

I think its impossible to happen that they will convert to another or the price will down..bitcoins is already adopted by many people just like brazil many stores are accepting bitcoins right now so its impossible that bitcoin will convert to other..

[salmanahmedone]

I can't understant how much is bottom, if it's $1 i think that is really problem if it's around 300-400$ i think i will countiniue using bitcoin anyway.

With bitcoin you cannot assume that it will always keep on rising. At times it will fall also and that is the best time for buyers to buy the coins. The good thing about the coin is that it always come back and rise so it gives investors opportunity to earn if they have good know how of trading.
Making right decision at the right time is the key to success here.

[Ruzka]

I wonder if you would jump into another cryptocurrency in case the Bitcoin price would fall to the bottom. Or what else would you do? Would you leave the game completely? Tell me

The only way I can see of the price falling to the bottom as you put it would be because it was broken. I would hedge my bets and be in multiple other potential coins, I have my eye on some and if the money went somewhere else and my investment was gone I would just move on with my work in real life and leave crypto totally. What would you do if you had time to move you money out of BTC at the right time?

[Woshib]

For my part, if the price really goes down, I will continue to use Bitcoin, but I will try to find the cause of the fall and if the value of the currency will rise or not.

[Cybertron00]

Well if bitcoin prie would suddenly fall to the bottom, ill start using faucets because if the price would fall that means it will be back to the time when faucets give 1BTC to their users as payment   I will do it and still believe that bitcoin will rise up to the value again. 

[ShrykeZ]

I'd continue using and supporting Bitcoin if the system itself was still working correctly.

[romero121]

I'd continue using and supporting Bitcoin if the system itself was still working correctly.

The same here. In my opinion it won't happen but at times if it goes down I won't quit or give hope. Certainly try to buy as much possible with the hope that price increases.

[Enotche]

Bitkoin won the trust of many people, and I doubt that it will fall to the bottom.
Yet, if this happens suddenly, then I think enthusiasts, developers will create something like Bitcoin 2.0 or Bitcoin resurrect the past, as we got used to it. I mean, seeing the price had fallen, people will buy his excitement, while its price is so low. And thus the price will increase again.

[angaper]

Actually I am not mentally prepared to face such dramatic scenario, that is why perhaps I would choose to continue keeping my bitcoins till the end, although I have to admit that it is likely that I had spend most of my coins with anticipation.

[upsidedown75]

If it will happen maybe more investors will be lose in this case i think better tobuy some ethereum maybe they will convert into ethereum.. i don't beleive in ethereum but just incase if it will happen..

Yes if they sell their bitcoin in low price but if they hold it and wait it again to rise.they didnt lose their bitcoin. Thats good idea but it is like bitcoin but bitcoin is the best than ethereum. If the bitcoin price will fall on the bottom many of traders will gained more bitcoin at lowa price they can earn more in the nest price rise so it is good to bitcoin to fall  down many will gained profit on it.

There would be panic sellers who would just take any amount for their coins while those who have genuinely spent a lot of effort and money in buying those coins would never sell it. It would be mainly those who earned coins via illegal methods who would be eager to sell their coins.

[Natalim]

I think the bottom of the current trading range is around $550. So if the price falls to that level, I will buy some.

[el kaka22]

I wonder if you would jump into another cryptocurrency in case the Bitcoin price would fall to the bottom. Or what else would you do? Would you leave the game completely? Tell me

Bitcoin would not drop in a day. There could be 2 scenarios : the price drops rapidly in a month or it is banned and hence blockchain and other wallets would shut down. I do not think either of these could happen.

[ImHacked]

I will observe first if bitcoin doesnt rise up for a about a week and stablize at that price then thats the time i need to sell all my bitcoim even at low price and start using new alt coin.

[useless4]

I think the bottom of the current trading range is around $550. So if the price falls to that level, I will buy some.

im buying right now even if the price is so high right now, i think that the price will grow even more

[Stedsm]

It won't do anything, but might break people's trust out of it. Everything here is just a matter of interest and when it gets over, this thing might end up.

[tygeade]

It won't do anything, but might break people's trust out of it. Everything here is just a matter of interest and when it gets over, this thing might end up.

Yeah but not all of them will quit bitcoin if price falls, there are many people who have faith in bitcoin and will prefer to hold their coins for future till it rises again.

[shinratensei_]

I wonder if you would jump into another cryptocurrency in case the Bitcoin price would fall to the bottom. Or what else would you do? Would you leave the game completely? Tell me

I'm not sure to jump into another currency if bitcoin price falls to the bottom like $550 I think it's not a big problem, I will leave from bitcoin if bitcoin price falls to  $110.

[peta4e]

I wonder if you would jump into another cryptocurrency in case the Bitcoin price would fall to the bottom. Or what else would you do? Would you leave the game completely? Tell me

I'm not sure to jump into another currency if bitcoin price falls to the bottom like $550 I think it's not a big problem, I will leave from bitcoin if bitcoin price falls to  $110.

That day will never come in future when price of bitcoin will fall that low, we should be positive related to the price of bitcoin and more adoption will take price to a higher level.

[1Referee]

I will start buying of course. I will never turn my back on Bitcoin as it brought me so much good in a matter of years. I'll keep showing my support!