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Author Topic: If bitcoin falls 20% a day  (Read 1296 times)
beerlover
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November 22, 2017, 08:25:28 AM
 #81

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
Obviously, this is a pattern that we should always expect and as far as I am concerned, it is more like a pattern that is trying to give some people some chance to pick up back at the point where they preciously missed. It is then left for each individual on how they really want to make use of those moments for their own benefit.

My answer will be buy more coin. I Dont think about sell my bitcoin. Bitcoin soon will be hit $1000 than I will sell some coin than will wait for next dump.
Really, I see no reason why anyone should panic anyway. Bitcoin has always shown some patterns like this and at that dip stage, people always buy more knowing if they do not utilize the chance to make that profit from the dip, they may never get that opportunity again. For me, I will just keep buying until the last dip, and then keep laughing as usual when it keeps coming right back up.


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November 22, 2017, 08:34:37 AM
 #82

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
That's right, do not forget to buy from those who sell. And there will be a lot of investigators in a short time, the rise will be even steeper. But this will not be the truth?

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November 22, 2017, 08:38:10 AM
 #83

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
That's right, do not forget to buy from those who sell. And there will be a lot of investigators in a short time, the rise will be even steeper. But this will not be the truth?
well that's good if you can find people who's willing to sell their coins to you that's much better so you don't need to but in much higher value,
bitcoin will just fall for some corrections and it will bounce back anytime, just assess and thinks of this as a good long term hold.

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November 22, 2017, 10:07:04 AM
 #84

Bitcoin is decentralized, up and down to 20% has happened several times, and I think it does not matter if the price drops 20%, it just makes me eager to buy more because I believes prices will rise even higher.

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November 22, 2017, 10:36:08 AM
 #85

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
That's right, do not forget to buy from those who sell. And there will be a lot of investigators in a short time, the rise will be even steeper. But this will not be the truth?
well that's good if you can find people who's willing to sell their coins to you that's much better so you don't need to but in much higher value,
bitcoin will just fall for some corrections and it will bounce back anytime, just assess and thinks of this as a good long term hold.
Even the fudsters attack doesn't work to the bitcoin. Bitcoin cash supporter already tried it in so many times to attack the bitcoin and make others move into the bitcoin cash. The price of bitcoin already dropped almost 25% just in some days. But the price jump again.

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November 22, 2017, 10:36:50 AM
 #86

then you need to keep and wait for the rebound to go up)

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November 22, 2017, 10:45:32 AM
 #87

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
Wow, what a sweet deal for me if that's happen?
Hold my bitcoins first and got the chance to buy more and more bitcoins.
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November 22, 2017, 02:58:12 PM
 #88

If price drop %20 in one day sure i will wait %20 more drop then i will by more bitcoins.
Every price drop is a nice opportunity to buy bitcoin.

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November 22, 2017, 03:13:04 PM
 #89

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
for me if that times happened 20%  adays bitcoin will fall . I think i will decide to sell early to protect my earnings. Lol and wait until bitcoin value became cheap then buy again and wait for the chance when bitcoin increase again . But its normal that bitcoin is decreasing cause its part of its volaitility but 20% aday it will decrease? Will  for me its not good how we become profitable if bitcoin still decreasing day by day. ?
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November 22, 2017, 03:20:42 PM
 #90

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
If 20% a day drop price then 5 days bitcoins price would completely depleted which means it would be dead on 5 consecutive days of sudden price decrease. 1st day decrease it can still being  handled but on 2nd day im sure panic would really be there 40% drop isnt a joke which means theres something wrong in bitcoin how much more on 60% drop. You cant say that you would buy even more on those situations. You would really be hesitant on doing such thing.


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November 23, 2017, 02:13:07 AM
 #91

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
There is an even better option which is to buy bitcoin with that huge discount, when you see that you should not react like, oh I’m losing money, the right frame of mind is, oh I’m going to get cheap altcoin, it is incredible that a lot of people get that reaction if they see a video game or a piece of clothing with a discount but they do not get that reaction with bitcoin.
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November 23, 2017, 04:38:31 AM
 #92

It happened recently, more or less, when the price went to as low as $5600, but recovered to above $8000. This happened more than once this year and the price recovered fast.

Better thing to do it it happens again is hold or try to get some profit by trading, but the price may recover again quicker than you expect, like in the micro dump after the bitcoin gold fork

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November 23, 2017, 10:17:54 AM
 #93

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
There is an even better option which is to buy bitcoin with that huge discount, when you see that you should not react like, oh I’m losing money, the right frame of mind is, oh I’m going to get cheap altcoin, it is incredible that a lot of people get that reaction if they see a video game or a piece of clothing with a discount but they do not get that reaction with bitcoin.

In that case, we could really use our bitcoin to invest with altcoins for the main time if bitcoin’s fall is at 20% a day. But I don’t think so that it will be possible for now to happen falling that worst percentage. You need to be careful sometimes of choosing those altcoins to buy with, because more there were types of coins that isn’t in demand and you could possibly drown your investments into falling value in the future that needs more months to increase its sell price. So better check the change frequency of an altcoin so that you eventually determine its trading activities, which could aim better progress.

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November 23, 2017, 10:29:38 AM
 #94

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
If 20% a day and consistently then bitcoin will probably dead in span of 5 days, this might happen in the future but btc has a long way to go and as of now its not possible.

In the recent dip of bitcoin it takes just days and bounce back again with even higher amount so those who had the chance to buy at that time probably earn now. If btc fall i wont sell my coins, instead ill buy more to contribute for the price increase of btc.

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chickenado
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November 23, 2017, 01:03:54 PM
 #95

Do you choose to hold or sell? I choose to continue holding.
 Cheesy Cheesy Cheesy
It might that happen that it falls 20% a day and thats the end of bitcoin but for this moment in time thats impossible even its votality its still the strongest crypto,if its price decreases the next few days it pumps up again.It can regain its loss in just a matter of time so id better hold my bitcoin and dont do panic selling because i believe in bitcoin as proven in its long years of existence which have made people whose into this business become rich and millionaires.

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November 23, 2017, 02:18:52 PM
 #96

then you need to keep and wait for the rebound to go up)
Yeah, there will always be a rebound and the only thing that would make the value of bitcoin to keep going down is if there is just no demand for it and as long as we keep having believers, it is only to a little point before it starts rising again once all the weak hands are gone. It will start getting extremely hard for whales to start manipulating the market anyhow because if they feel their dump will get people scared, they will be surprise as people are going to be taking a lot back from them.


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November 23, 2017, 04:48:41 PM
 #97

I don’t think so that this will happen in the future that bitcoin will falls at a rate of 20% a day it is impossible for bitcoin. As we have seen that bitcoin is famous in the crypto market the fall will be sudden and it has not fixed a percentage for fall in the prices of bitcoin. But before facing this situation the users will cash their money into their respected currencies.

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November 23, 2017, 05:48:30 PM
 #98

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

If Bitcoin falls 20% so obviously I will buy some coin. I like to hold Bitcoin. I think Bitcoin will hit $10000 at the end of this year. Then I will sell some coin and I will wait for the next dump.


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November 23, 2017, 05:51:17 PM
 #99

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

If Bitcoin falls 20% so obviously I will buy some coin. I like to hold Bitcoin. I think Bitcoin will hit $10000 at the end of this year. Then I will sell some coin and I will wait for the next dump.

Yap it is just a one time to buy btc when price drops. Actually not just bitcoin but some altcoin for keepsake. And sometimes having a day job , i could really miss important news on coins in general. I would just go home and notice how the prices moves in just a span or 8 hours. It is not impossible for bitcoin to attain such and if the surge continues, people who hesitated to invest in early days would regret it.

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November 23, 2017, 06:07:18 PM
 #100

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

If Bitcoin falls 20% so obviously I will buy some coin. I like to hold Bitcoin. I think Bitcoin will hit $10000 at the end of this year. Then I will sell some coin and I will wait for the next dump.

And that's not only you, a lot of people would do it like that. Tho, depending for what reason did the price fall, we may or may not see the price rapidly going up. Bitcoin these days has a lot more investors and potential investors, so if the price was to go down by 20% as of now, and that's  a drop to 6400$ and with that a lot of investors will swarm the exchanges to get BTC that much cheaper, I would do the same as well, but that just might bump the price back up again.
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