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Author Topic: If bitcoin falls 20% a day  (Read 1296 times)
v_Harley
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November 19, 2017, 12:48:13 PM
 #1

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy

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November 19, 2017, 01:03:06 PM
 #2

It already happened a few times and of course I kept my bitcoins. I see no reason to sell so low except if you are very confident it will go even lower to buy back more. Because such a fall can call just a reaction behind. It is a great buy opportunity and many will take it. We just saw it with the Bitcoin Cash failed pump.
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November 19, 2017, 01:17:52 PM
 #3

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy

it happened and it will happen many days in the future , that's what making crypto market crazy these days cause the price isn't moving steadily
you can easily see bitcoin and other alts going up or down 20% or more suddenly , and usually these based on bad or good news
selling when the price dump is so crazy , so you either hold or buy more

so you should expect these things if you are totally newbie

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November 19, 2017, 01:21:38 PM
 #4

Even if the Btc falls i will continue to hold it, because it already happened and after some time its value grew up more than it should , so i think that when Bitcoin will fall again, instead of selling it i will probably buy more

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November 19, 2017, 01:22:27 PM
 #5

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
20% a day means that within a week the price would be $0 so I assume you mean a 20% drop in one day. Let's say it happens today, the current price is $7720, a dip in the price of 20% would be around about $1500 so the price will be $6200. Doesn't look that bad, I would hold my btc (no reason to 'panic sell') and I would definitely buy more coins, no questions asked. Cheap coins are the best coins.

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November 19, 2017, 01:27:22 PM
 #6

I'll hold it for it will suddenly rise due to fork this days.
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November 19, 2017, 01:30:43 PM
 #7

For me, it's an opportunity to buy more Bitcoins. I feel like it's gonna stay growing for at least the coming 2-3 years.

I'm just holding it until Bitcoin until I'm a millionaire or really need the money. I usually buy more of it in dips like this one too  Smiley

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November 19, 2017, 01:31:51 PM
 #8

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
I agree. I also use this strategy. I really like the results, which shows bitcoin and other similar crypto-currencies. This is a very profitable occupation and promising.
hasmukh_rawal
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November 19, 2017, 01:31:56 PM
 #9

It wont matter as it has happened already in the past. The recent pump of BCH was one incident that made BTC drop more than 20% from its initial value. It did effect the Bitcoin users but didn't make much of a difference as the price was recovered soon. So even if BTC falls more than  20% people will still buy the coin as they believe in it and it will soon recover the price. So holding BTC is the ideal choice for every situation.
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November 19, 2017, 01:32:03 PM
 #10

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
20% a day means that within a week the price would be $0 so I assume you mean a 20% drop in one day. Let's say it happens today, the current price is $7720, a dip in the price of 20% would be around about $1500 so the price will be $6200. Doesn't look that bad, I would hold my btc (no reason to 'panic sell') and I would definitely buy more coins, no questions asked. Cheap coins are the best coins.

You don't know how percentages work, do you?
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November 19, 2017, 01:37:13 PM
 #11

I'll hold it for it will suddenly rise due to fork this days.

If 20% of the price falls then actually one will just need to see the reason for that drop. If the drop is due to some major reason then advise will be to sell it and just not that great reason than one should actually start accumulating the btc as price will rise quickly up again.

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November 19, 2017, 01:37:50 PM
 #12

I believe OP meant if Bitcoins fell 20% during a crash. If I have some money to spare I would certainly buy the dip. As we have seen it multiple times after every fall Bitcoin comes up strong. There no going back. Buy and hold!!
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November 19, 2017, 01:41:19 PM
 #13

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
Frankly speaking if its in course of a great fall I would rather sell it to buy it back at dip. There is quite a good amount of profit that you can earn this way too. I don't really find any problem in this. So rather than merely being a spectator I would like to be in action.
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November 19, 2017, 01:41:42 PM
 #14

I have the same choice with you, and continue to hold it. Because from the current situation can be drawn, the market will continue to heat.
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November 19, 2017, 01:45:09 PM
 #15

I am not hodling anymore. I was holding from 400 but now it doesn't make any sense. I doubled when it was 800 and so on. BUt now ?
It has to go to 14k to only double no way to big risk for losing money.

I am out.

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November 19, 2017, 01:48:18 PM
 #16

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
Bitcoin is highly secured currency. So I was always hold in 50 percent of Bitcoin. Other 50 percent is invest in some other altcoin. Because bitcoin is one of the locker. It is more comfort to use and it will increase the value in day by day. This is one of the huge profitable investment. So I can more spend to invest in Bitcoin. There is any constant fall in bitcoin. I can exchange bitcoin to some other altcoin.

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November 19, 2017, 01:48:26 PM
 #17

Its basic nature of a currency to move on both directions up as well as down. Because these currencies works purely on the flow of demand and supply. When demand falls or supply increases its price falls. Prices also fall when some bad news comes about these currencies. The investors become panic and starts selling it. This has happened with bitcoin, when China declared to ban/ regulate bitcoin. With this news bitcoin prices falls sharply by 20%. But it was a temporary impact, after that market recovered and within few months reached a new high. Bitcoins investors consider this fall as an opportunity and collected more and more coins.


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Pixmartz
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November 19, 2017, 01:50:50 PM
 #18

Surely must know the cause of the fall in prices. If because of false news, segwit, theft. I will keep the coin. if the destruction of the system, network or developer destroyed, then I will sell it.

   

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ravedien
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November 19, 2017, 01:52:47 PM
 #19

Ill research what is the root cause of this fall, then buy bulk coins if the issue is not very trivial.
freightjoe
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November 19, 2017, 02:00:06 PM
 #20

Surely must know the cause of the fall in prices. If because of false news, segwit, theft. I will keep the coin. if the destruction of the system, network or developer destroyed, then I will sell it.

If it is destruction of the system or network you will be unable to sell.

That is what many here do not seem to understand. When there is a true crash you will be unable to sell in time as the time to get transactions done will be far too long.

It will be the same as a theater with 10.000 people inside and only one small fire exit. If you hadn't already left the theater, there is very little hope for you to get out when there is a fire.
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