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Author Topic: what to do if bitcoin decreases?  (Read 10568 times)
vasoweee
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December 22, 2017, 02:19:42 PM
 #581

I'm new to the market for crypto currency. But it's incomprehensibly.
It seems this is the biggest correction with bitcoin. 20k down to 12k for 1 week. I hope this is the limit of the fall.

r.bhalla07
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December 22, 2017, 02:21:41 PM
 #582

I think it is natural and after that decrease in price and just wait for the next big increase of its price and I m sure will be a truly valuable asset.

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elbimbo012
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December 22, 2017, 02:27:33 PM
 #583

With the current price it is safe to buy more if you still have some fund imagine from almost 20K $ per bitcoin now it  is just 12k+$ and it seems that correction is not over yet  since it is Christmas season many people  are in profit taking for vacation hopefully if not next week we can see rebounds from crypto market on the first week of 2018

Sheckley
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December 22, 2017, 02:33:52 PM
 #584

The wrong choice to do it so panic sell. This is how money is lost. You must have the strength to hold, and if you hve more mony to invest, buy the dip. If you believe Bitcoin will rise again of course.

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Stooked
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December 22, 2017, 02:37:38 PM
 #585

now a lot of investors are investing in bitcoin, therefore bitcoin has increased very rapidly, if bitcoin decreased what should be done?, whether the investors will lose? Roll Eyes

i will buy more bitcoin and save it away from losing.

price now about 11,000$ and maybe buy if back to 10,000$

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December 22, 2017, 02:39:32 PM
 #586

as of now the price of the bitcoin is pretty decrease a lot but we should hold our bitcoin because i believe that the bitcoin will raise much more in the near future and i hope by the end of this year it will hit 20k $

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Guryon_master
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December 22, 2017, 02:40:44 PM
 #587

It is very normal that cryptocurrency will susites sometimes specially Bitcoin. The Best thing to doas an investor is not just give focus on bitcoin but try to find other altcoins which is worth for investment. There are lots of project that can give a profit to all investors out there as long as you made an investigation before entering, I'm pretty sure you will find them.

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panjay
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December 22, 2017, 02:55:31 PM
 #588

Just HODL and it's better if you diversify your portfolio. If you're patient enough the price will recover.
And in this stage of bitcoin, all of this price is just pure speculation, nothing more.
SlickTight
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December 22, 2017, 02:58:30 PM
 #589

If bitcoin price decreases, more people will panic to sell their bitcoin because thet afraid of losing their money. But when bitcoin starts falling many people or investors will buy bitcoin and hold it. Because they know that it will increase or recover sooner or later and it will give yoy more profit but risk is always there.
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December 22, 2017, 03:00:40 PM
 #590

I still like to hold my coins because I believe bitcoin price again will rise.
vaughn125
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December 22, 2017, 03:51:23 PM
 #591

Well if you ask me what i will be doing when the price of bitcoin decreases, the best decision that i think would make great outcomes is to get rid of your bitcoins as fast as possible in the first few consistent signs of decreasing and take profits. Then when the price hits rock bottom, jumo back into it to get more and repeat the said process over and over again while investing a few in other promising altcoins or ICOs in the process. Doing this would really make you freakin gain lots of profit and feel like a boss. Lol
cryptomato
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December 22, 2017, 03:58:41 PM
 #592

Hold yours and buy more bitcoin if its value increases. You can also invest it since its low in price you dont want to withdraw it so instead, invest it in ICO than you think will be successful and wait for profit.

As long as it doesn't go under 10K I'm ok with it and as you say I would buy some more but if it breaks towards downward then it can lead panic selling even more. I do not even want to think about it.
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December 22, 2017, 04:01:27 PM
 #593

Today BTC again priced about 13000 usdt at bittrex. So if you get some fiat - you can come into exchanges and get some btc.

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December 22, 2017, 04:42:11 PM
 #594

It's not a big thing I think its a golden opportunity to buy more bitcoin when bitcoin decreases. Or you can consider to buy some altcoins that would also be a good choice. Those who are holding bitcoin from long they knows it will bounce back again. Patience is the key for bitcoin holders even I am not worried for bitcoin I am a true believer of btc. I am not afraid if bitcoin value decreases.

coinmgnet
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December 22, 2017, 04:43:33 PM
 #595

There are few things you can do:
1. Buy some more
2. HODL for long term
3. Relax, it will get back on track

But, the very important thing you have to do is to not sell. Sell only when it's high and buy when it's low. The rule of trading.
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December 22, 2017, 04:56:46 PM
 #596

The thumb rule in case of bitcoin should be never to sell bitcoin. I would be buying if the price decreases for sure. Also its a good idea to buy it every month so even if the price does decrease, one can average down on their buying price.


I will do the same thing if that would happen. Because for me, it is a good opportunity to buy since it is in lower price. If we will compare it to a thing, it is like for sale because it is in lower price, so it's like we are having a discount if there's a low price of bitcoin. We don't need to feel bad if the price decreasing, we should also be happy so we can buy more and save more.
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December 22, 2017, 05:07:14 PM
 #597

Bitcoin is more or less like gold. But you need to know that there are some things that cause Bitcoin better than gold.
So the more difficult, the higher the bitcoin value and the investors who want to hunt are increasing.
My opinion Wink

I agree with your opinion. Because investors will keep coming from anywhere. Bitcoin is full of potential and also its value is fantastic. Holding bitcoin for the long term will give you an advantage.
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December 22, 2017, 05:20:03 PM
 #598

you do not have to do anything if the price of bitcoin drops because you look forward to it is the price increase. You do not have to sell your btc when the price goes down you just have the patience to earn  what you want.
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December 22, 2017, 05:31:22 PM
 #599

The very first thing to do when BTC decreases is to covert your BTC into USD to be safe and to stop the loss.

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December 22, 2017, 05:33:18 PM
 #600

There is only one thing to do in this case - relax, don't panic and buy some more  Wink
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