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Author Topic: If bitcoin price down, will you hold or cut your loss??  (Read 27904 times)
okala
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September 09, 2017, 11:00:41 AM
 #241

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 will rather hold my Bitcoin than to sell it for now as Bitcoin has proved to be a great way of storing value. Bitcoin may come to a price in future were we can really say when the price is falling it means it not now that bad news or fake news yesterday almost cause the coins to lose over$500. We would need to hold as the market do recover in a great way after serious dump especially like what happened yesterday.

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September 09, 2017, 02:04:47 PM
 #242

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 will rather hold my Bitcoin than to sell it for now as Bitcoin has proved to be a great way of storing value. Bitcoin may come to a price in future were we can really say when the price is falling it means it not now that bad news or fake news yesterday almost cause the coins to lose over$500. We would need to hold as the market do recover in a great way after serious dump especially like what happened yesterday.



I think bitcoin don't have any good news for now so we should cut loss and buy back later. Because based on my own experience, it's hard to decide keep holding and see your money value decreased, You will mostly make a cut loss instead stick on your "believer" principle, And currently it's happening your $49,000 have turned down to $42,500, which is I had noticed.

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September 09, 2017, 03:15:04 PM
 #243

I remember the term, don't invest in bitcoin that you can't afford to lose, it helps me motivate to hold, and win it,
 if you are too much worried about your investment chances are you might get panicked and sell or cut your loss,
 panicking will cause premature selling, this has proven many many times before and it is always repeating itself,
learn to control your emotions and be not worried about dips, it will go climb again later on. check the history

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September 09, 2017, 03:19:31 PM
 #244

Personally, I would believe it would be smartest to sell your BTC before an expected drop in price which typically can be pretty predictable although if you are wrong it is very unforgiving in losses. After selling before a drop I typically find a good entry before the price goes up, and play this game to exponentially increase my bitcoin stacks. Although in the long run I always see BTC going up.

Mama got on some fly shit so I split and said imma be that seed that doesn't need much to succeed strapped with greed and a heart that doesn't bleed. Im only 19 now but my mind is older and when shit gets for real my warm heart turns colder. I had a scheme to stack more cream than you ever seen in a dream, but we got stickup kids, corrupt cops, and crack rocks, and stray shots all on the block where it stays hot and when it rains it pours they got money for wars but can't feed the poor. Going fast I knew it wouldn't last so I prepared my ass for jail, they put me in a situation forced me to be a man, when I was just learning to stand without a helping hand. We weren't meant to survive, because its a set up. Even if your fed up, you got to keep your head up.
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September 09, 2017, 11:18:45 PM
 #245

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 will still hold my bitcoin why? The price can recover easily if the crash happens bitcoin proved it that it has a great way to store value overtime bitcoin gained a lot and also, the crash has made more opportunities to buy more bitcoins. so, i hope the newbie trader will do the same.

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September 10, 2017, 01:19:16 AM
 #246

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??
The better choice to do is to HOLD on your bitcoins. We've already witnessed a lot of times that bitcoin faced such flactuation on its value. There was even a point where its price has dropped $200 in just an hour. But look at it now, it has maintained its price at $4000+. If ever the price of bitcoin will dropped at any time, don't get panic. Believe in bitcoin. Smiley

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September 10, 2017, 02:10:23 AM
 #247

i will hold and waiting of bitcoin going to up.

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September 10, 2017, 02:27:35 AM
 #248

I recommend to hold and have patience. Bitcoin is a very floatable currency. And sometimes it can surprise.

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September 10, 2017, 05:25:54 AM
 #249

If bitcoin price down i will hold it
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September 10, 2017, 05:46:18 AM
 #250

I will still hold bitcoin for future because Prediction is that in future bitcoin price will touch 10000$ by 2020.
That's why I don't care about present scenario.
 

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September 10, 2017, 05:38:02 PM
 #251

If you are confident about bitcoin and its future, you know that at some point the price is going to make a rebound even if it reaches a very low price level. If anything, buying on dips could be a strategy that works for the long term. This recent news, again from China, could bring the price even lower than $3,500 and maybe that is just the price range that some are waiting for another buy back.
Fluctuations are a part of crypto coins world. That means the values can increase and decrease so I never get why people panic whenever there is a dip. Don't know this thing before hand, they do.

But they always wished that they never face it that's why when it happens there is a chaos among them. Anyways, the dump phase will not last forever.

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September 10, 2017, 05:46:09 PM
 #252

There is no loss if you don't sell your btc.
Bitcoin market is different than Forex, for example, you don't need to cover your losses at any moment.
So, if btc price go down the best strategy to avoid losses is to hold btc funds in your wallet and wait for the price increase Smiley

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September 10, 2017, 05:54:21 PM
 #253

If price down.i think hold btc my wallet..bt no loss..btc is going up level any time...
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September 10, 2017, 06:00:42 PM
 #254

The first thing I do is to sell out as soon as I determine its price is at its highest, and then I can wait for a good time to buy back.

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September 10, 2017, 06:24:01 PM
 #255

The first thing I do is to sell out as soon as I determine its price is at its highest, and then I can wait for a good time to buy back.
That usually doesn’t work for the average person lol

If you make it out and decide to purchase back into Bitcoin when the price is low then that’s props. People usually sell their coins and within the next 24 hours the price of Bitcoin is close to the All Time High.
If the price of BTC goes down, there is nothing that I would do. I would just keep storing the coin till the price of Bitcoin is at a nice level (maybe an amount near $700,000). Bitcoin is still pretty new to all of this so don’t worry if the price goes down some.

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September 10, 2017, 06:48:40 PM
 #256

Its never easy to say absolutely however "The number one rule in the market is buy when price is low and sell when the price is high."
this is about as close to a general guideline as anything.
ultimately though I am in this for the long haul.

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September 10, 2017, 06:51:13 PM
 #257

Its never easy to say absolutely however "The number one rule in the market is buy when price is low and sell when the price is high."
this is about as close to a general guideline as anything.
ultimately though I am in this for the long haul.
just hold while you are at loss then buy if you still have spare money I think most of the experience traders and investors will keep holding as they knew
that bitcoin always have its bounce back and in any issue it faces bitcoin continue to recover so play the exact rule, buy low and sell high, hold and wait
its a patience game.

dicedicedice
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September 10, 2017, 06:56:09 PM
 #258

I will hold as long as it would be possible to buy something with BTC. But also I diversify and buy lots of different assets: stocks, fiat money, real estate etc.
There is no practical alternatives to Bitcoin or cryptocurrencies, and I believe no alternatives will be newly created in nearest decade.
FasTroy
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September 10, 2017, 08:02:59 PM
 #259

The first thing I do is to sell out as soon as I determine its price is at its highest, and then I can wait for a good time to buy back.
It's too bit hard to know exactly when the bitcoin in the peak and in the no peak. It's not impossible, but it's hard maybe for an expert about cryptocurrencies. Anyways, this is the best strategy that you talk about. Personally,  If bitcoin price down, I will  hold, and i don't care a lot about the price, because i know that one day it will increase, I believe too much in bitcoin.

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September 10, 2017, 08:32:12 PM
 #260

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??


this is a speculation that someone is doing.
I think the toughest point is a decision and a calculation.
I believe bitcoin will rise again. so I wait and hold my bitcoin.
I do not rush into this. if too panicky this will be a problem for yourself.

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