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Author Topic: If bitcoin price down, will you hold or cut your loss??  (Read 28095 times)
Mysterious01
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November 04, 2017, 01:18:25 AM
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if you buy bitcoin at a high price and bitcoin price goes down what will you do guys ?? will you cut your losses or hold it??

In my case before I invest I make sure first that I really believe in it before investing.
I invested in bitcoin and I believe in it therefore until now I still hold my investment no matter what happen.

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November 04, 2017, 02:13:00 AM
 #1302

I would hold my Bitcoin. I have faith the price will be much higher in the future so a dip in price won't scare me into selling. I just might even buy more when folks are selling in a panic.
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November 04, 2017, 02:28:48 AM
 #1303

I will hold, because I'm still optimistic that bitcoin can skyrocket again, this happens in 2013, the price got high but dropped for almost 4 years and now skyrocket again. patience is important to get big profit.

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November 04, 2017, 04:20:36 AM
 #1304

if you buy bitcoin at a high price and bitcoin price goes down what will you do guys ?? will you cut your losses or hold it??

I think if i buy bitcoin in high price and suddenly the price or value going down. I think i'll hold it until the price going back and wait again to gain my profit and reach the price for what i want to earn. Because we all know that the price or value of bitcoin is continuous to grow, and the prediction of an expert, bitcoin is reach $10000  in this year 2017 end. That's why it's better to hold than to sell our bitcoin.

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November 04, 2017, 04:45:06 AM
 #1305

Price fluctuations in BTC is very normal. I ever bought BTC and the next day it went down by $800. Anyhow I will hold my BTC for the long term, so I will not sell if the price dip.

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November 04, 2017, 05:17:58 AM
 #1306

if you buy bitcoin at a high price and bitcoin price goes down what will you do guys ?? will you cut your losses or hold it??

it is the fluctuating characteristic of the bitcoin that makes it usable. Bitcoin being unstable is the reason why people keeps investing and using it. if bitcoin price goes down, i will hold mine, because i know sooner it surely goes high because that is bitcoin's characteristic.
Yes ups and downs are part of every currency, not only digital currency but the regular currency also faces the same fate in this regard. Sometimes it goes very high and sometimes it goes a bit down but anyhow when it comes to bitcoin so a person should not give up and keep his bitcoin because it will boast with such a speed that will cross the past worth even.

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November 04, 2017, 05:27:44 AM
 #1307

if you buy bitcoin at a high price and bitcoin price goes down what will you do guys ?? will you cut your losses or hold it??
Of course not! you've been around this forum for a while now and I know for sure that you know a thing or two about bitcoin. In my case, I believe in bitcoin since it has been the most dominant coin of all cryptocurrencies out there. It has proven itself for the past couple of years and seeing as to how it goes it will just increase its price back at again if ever its price will go south at some point. I will never cut my losses and just hold it until the time that its price will be worth it.
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November 04, 2017, 05:29:04 AM
 #1308

Price fluctuations in BTC is very normal. I ever bought BTC and the next day it went down by $800. Anyhow I will hold my BTC for the long term, so I will not sell if the price dip.

Exactly and that's why we use price averaging strategies in order to deal with the price fluctuations. As we all know that Bitcoin is a wild market and it behaves in an unexpected way most of the time since it is growing with a rapid speed day by day.

I had such experience with the alt-coin investment when I was having around 35% loss for my investment but as I had research to back my investment decision, I decided to wait and within next few months, I made 10% to 20% profit for the same without changing anything thus I believe that I won't sell it for loss if I am having my research to back that investment decision.

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November 04, 2017, 05:48:37 AM
 #1309

Price fluctuations in BTC is very normal. I ever bought BTC and the next day it went down by $800. Anyhow I will hold my BTC for the long term, so I will not sell if the price dip.
You're right! It's not new to those people whose into bitcoin. Everyone knows that there is no stable price of bitcoin. Those who were willing to take the risk were holding their coins, and those who were afraid of losing what they have, they sell it right away. Bitcoin keeps fluctuating, most of the time it keeps on decreasing its price. But, it will just recovered for how many weeks. And if you strongly believe on its capacity, holding btc will definitely give you a huge profit in the future. And as for me, I don't care if the price drops. I am setting a target price on when will I sell it.

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November 04, 2017, 06:30:38 AM
 #1310

Knowing that bitcoin is an asset, i will hold on to when the prize appreciate to more than what i buy before selling.All investors want to make gain in business not to loss.

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November 04, 2017, 07:26:10 AM
 #1311

First reaction will be the feeling of anxiety. Then after, shoulder shrugged. Why? Because it's absolutely normal. Price of bitcoin fluctuate every now and then. Most people here have already experienced that kind of situation. And were used to it.
Should we hold or cut our losses? Still we hold on tight. Very tight until such time when it's price bounce back and much stronger than before.
You will not gain if you will not take the risk. Hold on.

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November 04, 2017, 07:43:00 AM
 #1312

if you buy bitcoin at a high price and bitcoin price goes down what will you do guys ?? will you cut your losses or hold it??
If the price of bitcoin will go down, I will still hold my bitcoin because fluctuation of any currency are normal crypto or fiat, even dollar's price fluctuates. So I will wait till the price of bitcoin goes up again. One thing more is I've seen bitcoin fluctuated many times and it always end up having a price even higher and increased bigger amount than it's recent amount. So there is no need to worry or panic, always trust bitcoin and do not let your emotion dictate you when to sell your bitcoin.

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November 04, 2017, 07:45:43 AM
 #1313

if you buy bitcoin at a high price and bitcoin price goes down what will you do guys ?? will you cut your losses or hold it??

If the price goes down, I will wait for the price to go up because bitcoin is a promising coin for the future. Wink

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November 04, 2017, 04:31:02 PM
 #1314

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November 04, 2017, 04:36:37 PM
 #1315

No matter how low the price of BTC can come it will still rise again so for a long term investor like me, I will buy more BTC and keep in my wallet and hope the price will rise again. investing is like taking risk but when you take risk take a brilliant one. BTC is going global and the rate at which it is being used nowadays indicate no matter what happen to BTC (hard fork), the price will continue to pick up and boom again

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November 04, 2017, 04:40:48 PM
 #1316

There is no point in selling at a low price....it's better to buy more coins at a lower price and wait until the price rises to get a good profit...there is no place for panic...and if I won't have the strength to control my emotions, it's better not to deal with bitcoin at all



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November 04, 2017, 04:46:11 PM
 #1317

if bitcoin price drop i will calm and patient and keep my bitcoin not selling it, bitcoin has been forecasted to reach 10000$ in just few years, so i believe in that and wont sell bitcoin just to cut loss, i know it very risky to do that but if it doesnt have risks, we wont have a chance to get more rich in the future.

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November 04, 2017, 04:53:31 PM
 #1318

I think bitcoin will not go down but if it were to go down I will trust bitcoin still. Since it has been working for many years already. Bitcoin is very reliable and you still gain experience on trading and marketing. Although I am new to this kind of thing I have seen my friends earn through bitcoin. So if bitcoin have helped you to earn why not return them the favor.  Be calm and patient. Patience will always be a virtue.
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November 04, 2017, 04:56:30 PM
 #1319

If bitcoin is reduced I will keep bitcoin again, not only that, I will buy more bitcoin to accumulate. Bitcoin is a virtual currency so it is normal to increase or decrease value.

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November 04, 2017, 05:03:35 PM
 #1320

Always hold it, and keep buying in every dip to increase your position and lower your dollar cost average. That way, when it pumps back up to previous highs, you'll have made more profit than just by holding your initial amount.
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