What would you do?

[Birdy]

Just wondering ^^

[wopwop]

Consider killing myself seeing as I'm invested BIG in this

[zoinky]

I had a pretty good entry point, so I wouldn't panic. I feel most people have pulled out appropriate amounts of their profits to mitigate losses for such a scenario, and if not they should consider it.

[Miz4r]

I would sell a part of my holdings if I was fast enough and buy back lower. Also I would use fresh fiat to lower my average entry point further by buying at the bottom or (hopefully) close to it. If it's really bad news that would most likely be the end of bitcoin I would just sell most of my holdings at a loss but still keep some in case it survives. Before I invested in bitcoin I already accepted the possibily that I would lose it all, so it's not going to ruin my life or something.

[Crypt_Current]

IMO this thing will remain bullish over the mid-long term ... no reason not to wait in the OP scenario.

[MonadTran]

Would be buying most likely.
Unless the protocol is completely broken (no point to buy or sell at zero price, so going to hold), or all of the exchanges are closed at once, in a synchronized government raid across the world (which would make buying or selling bitcoins too difficult for me, so, again, going to hold in that scenario).

[sgbett]

what if your entry point is negative $65 

[Birdy]

Unless the protocol is completely broken

When you see the news "Bitcoin bug!" and you see the price dropping down in minutes, you might not have the time to do a proper research to find out if it's really completely broken.

what if your entry point is negative $65  Wink

Then you obviously got way less pressure to sell ^^
But it's still losing money.

[Qoheleth]

First, I would read the news. I've already accepted my original buy-in as a sunk cost, so there's no reason to panic before understanding the situation.

Depending on what sort of news it is, I'd do one of the following:
1) If holding bitcoins is going to be criminalized in a way that has actual teeth, I may delete my wallet, or else give the coins to someone who lives in another country.
2) If it's a catastrophic protocol failure which will make Bitcoin unusable starting immediately, I probably can't get my coins onto an exchange anyway, so I'll just keep them around as a keepsake.
3) In basically any other scenario, I'd buy like mad.

[ArticMine]

what if your entry point is negative $65 

That is my question also. This poll does not deal with those who have an effective entry point that is negative.

[Birdy]

what if your entry point is negative $65  

That is my question also. This poll does not deal with those who have an effective entry point that is negative.

Well, just vote that you won't sell ^^
You are still losing money, even if you cannot get a negative overall in fiat anymore.
This poll is supposed to be a snapshot how many people would panicsell.

[Frozenlock]

This poll is supposed to be a snapshot how many people would panicsell.

How many would panic hold? 

[Birdy]

This poll is supposed to be a snapshot how many people would panicsell.

How many would panic hold? 

Those that have a lot of money to lose, but still hold ^^

[Melbustus]

Unless it was a fundamental failure of the bitcoin protocol itself, hold or buy. I'm not particularly interested in being weak-minded.

[Gordonium]

Unless it was a fundamental failure of the bitcoin protocol itself, hold or buy. I'm not particularly interested in being weak-minded.

Exactly reason why I just laugh when people panic over small things like MtGox problems etc. As long as Bitcoin protocol works, the fundamentals are looking really good.

[johnyj]

OP missed option of "Average down until it reaches zero, where you buy all the coins with one dollar" 

[Piper67]

Since my entry point is arguably zero (I have already withdrawn the amount of fiat I bought in with) I'd just hold, and hold, and hold 

[Its About Sharing]

I would hold what I have and hope for a tell tale bottom signal and buy more then.

Many of us have only invested what we can afford to lose. So, it is all or nothing to many of us. Not to mention a political/freedom statement. We are in it for the long haul.

Speaking of which, if you have children, I recommend setting one BTC aside as a college education fund. 

[adamstgBit]

i would hit the buy button

[Frozenlock]

i would hit the buy button

Why don't you do it now?
Haven't you heard? Bitcoins are in sale! 50% of their highest price!