Save the value

[Cranidos]

So bitcoin price now crash and if you have 1000$ bitcoin it may be back to 900$ tomorrow so what will do ??

for me will exchange bitcoin to ETH and when price back to this point  will made other exchange from ETH to bitcoin and get free ETH

Shear us your strategy to deal with this crash ??

Jumping to an alt when Bitcoin is going down is the best thing to do. And Ether is a good option since it's value is stabilizing in the 300 USD value. Though going to BCH then was the best choice, ETH is good.

I am not a good trader so when Bitcoin goes down, I just hold them and wait for it to increase again. I do not loss any value unless I sell right.

[PokerFace3]

Yes save the value because bitcoin price will increase again.  We cannot predict the price seems to be but it is good hold and risks because outcome will be good.

BTC has always been unpredictable and so far, I can only see the work of whales waiting for someone like OP to make that mistake he is about to make and then take the profit. Whales are normal market movers and manipulators and they are huge traders looking to make profit.

There is absolutely nothing we can do about them than to either watch the market movement to make trading decisions, and if you miss it, leverage on other means to make profit. Simple! But the best shot is to HODL.

[Mehedi72]

Funny. You should know that all cryto world are interrelated and depends on bitcoin.  when the price of Bitcoin was dump around 6000 Dollar, same time alt was also dump including eth. but now  You can see the price of Bitcoin already pump aound 7500 Dollar. Possible to go pump more and so alt are also pumping including eth  

[South Park]

Have you ever considered if the bickering between Bitcoin and its forks continues eventually people may get fed up and move on to a less politically charged coin?

Not going to happen, the reason there is so much political issues with bitcoin is because it is the number one coin, if litecoin was the number one coin then all that drama will be on litecoin, so all this drama is unavoidable and we must accept that the drama comes with the number one position.

[Oceat]

I will not do anything if Bitcoin does go down because all i know it will be going up again and that is just a temporary down. So why would you going back to altcoin when you don't ever needed the again? I guess if you were a short term trader maybe i could accept that but if you were just holding for a long term trader why would you do that? It doesn't make sense though.

[batang_bitcoin]

If ever I keep on the track and sees bitcoin crashing again, I'll do nothing but to keep on saving. Transferring your funds to some other alt coins looks good and effective for saving the value of your bitcoin. But I'm not that scared when it comes to these dumps, I have a strong believe that bitcoin whatever happens will stick to the speculations of many for getting to a higher peak.

[eaLiTy]

Have you ever considered if the bickering between Bitcoin and its forks continues eventually people may get fed up and move on to a less politically charged coin?

Not going to happen, the reason there is so much political issues with bitcoin is because it is the number one coin, if litecoin was the number one coin then all that drama will be on litecoin, so all this drama is unavoidable and we must accept that the drama comes with the number one position.

That is a good analogy to coin the term regarding these dramas going around but we need to come up with a good solution to tackle the problems we are having when it comes to scaling as the transaction fees are getting bigger with the price and we need to settle this issue as we once were proud that we did not having transaction or minimal charges but now things are not the same and i would like to see those days back in bitcoin. Since the crash was reverted there is no relevance in talking about this topic anymore.

[cryp24x]

I do agree if you want to transfer it to altcoin then you need to wait for that altcoin to decrease in price.  And I think OP's strategy will even make him lose more BTC since he is buying when ETH is rising and Bitcoin is dropping, then convert it back to Bitcoin when Bitcoin is rising and ETH is dropping.  Isn't it should be the other way around?  Oh well if OP is playing like this it would be best if he just hold his Bitcoin and wait for it to go up in price again.

[sanbashiyi]

you didn;t know when will it's price will rise or down so how could you save your value

you said that when you have 1000$coin  then market is falling yes you can sell your coin and buy back it at low price

that can make you have more coin .   

[MakeMoneyBtc]

There are two types of investments in bitcoin. Long term investment - you buy bitcoin and you hold it in the wallet for a few years without touching it and short term/trading investments - wich means you buy when the price crashes and it is low and you wait until it starts to increase then you sell it.

So if the price crashes I would recommend to wait a few days and not sell your bitcoins immediately. That's the biggest mistake you can make. If you look in the past of bitcoin , every time it crashed the price increased even higher than it was before crash. And that happened absolutely every time. When the price starts to drop don't panic, just wait for it to come back

[justdimin]

the conversion  Bitcoin to altcoin in the present time is very risky. just price them reverse the direction you will disadvantage heavy losses
the better off you please exchange about USDT and wait for the price drop to a lower level and buy them again. sure you will gain profit or at least you will not loss

It is extremely risky!
Would have been much better even trading directly against USDT when it was still high and then trading to buy more of BTC now to wait for the value to grow back, but it is too late. Also, for those who did not really buy ALTS at dips back then when they were lower, there is just no point trying to do that now but I would rather hold than try to gamble the market, most especially if I have no idea about trading.

[South Park]

Have you ever considered if the bickering between Bitcoin and its forks continues eventually people may get fed up and move on to a less politically charged coin?

Not going to happen, the reason there is so much political issues with bitcoin is because it is the number one coin, if litecoin was the number one coin then all that drama will be on litecoin, so all this drama is unavoidable and we must accept that the drama comes with the number one position.

That is a good analogy to coin the term regarding these dramas going around but we need to come up with a good solution to tackle the problems we are having when it comes to scaling as the transaction fees are getting bigger with the price and we need to settle this issue as we once were proud that we did not having transaction or minimal charges but now things are not the same and i would like to see those days back in bitcoin. Since the crash was reverted there is no relevance in talking about this topic anymore.

When segwit got activated I think that many of us thought the drama will be over but we have found out that to not be the case, but I think as time passes things are going to finally calm down and the only thing left is to see which solution the market is going to choose as the best.

[richardsNY]

When segwit got activated I think that many of us thought the drama will be over

Noobs probably were thinking the drama was over, but if you are up to date with things, you know that there was an economical majority agreement where SegWit would get activated, where months after that a 2MB hard fork would follow. In easy terms, it was nothing more than a temporary calm down moment for the market till in November the hard fork would take place. Right now we can safely say that at least in the short term, the scaling drama is more or less over, but I am fairly sure that this isn't a definitive end. It's just a matter of time before another attempt to 'hijack' Bitcoin will happen, which then will result in a chain split -- greed is what it's all about.