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Author Topic: In the case of a large percentage drop  (Read 812 times)
Walrus1 (OP)
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December 11, 2017, 01:08:28 AM
 #21

In case if a large percentage drop, I will increase buying btc because I am aware it's velocity is parabolic as long as it has not stabilised or accepted globally, and its price will always increase.
hey ya I just purchased a pit when it hit 14k. Really don't know which way it's going but in the long term we should be good
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entrepmind23
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December 11, 2017, 01:27:50 AM
 #22

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

When it comes to bitcoin, I don't really mind that much the price drop because I have seen its volatility and every time it drops, it goes back up and then reach all time high again. I don't have that much coins so maybe if I try to sell and then buy again when it dips which may not be that much, I may have a lose than gain seeing that price drops nowadays only last for just a few minutes or hours.

I prefer to just hodl my bitcoin and focus in having more bitcoin that's why I trade altcoin to have more bitcoin. We know that rapid movements in bitcoin affect the altcoins and there are times when bitcoin will have unpredictable movement that's why it is important that in every position I made, I already know when to exit to manage the risks.

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tanghere1
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December 11, 2017, 01:42:10 AM
 #23

Yes your intuition is correct it will rise again have faith and you'll see. Don't panic and hold it for as long as you can.

Walrus1 (OP)
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December 11, 2017, 01:59:15 AM
 #24

Very true, we have no idea how the ZOG institutional will effect the Bitcoin trend but I've learned from panicking selling in the past it is not the best reaction. Having said that I have taken profits each time and I'm at the point where I'm using house money so it's a bit easier to deal with.
Memenya
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December 11, 2017, 02:02:58 AM
 #25

Many people will stay keeping their bitcoin and hope the price will comeback. It si good to keep the price not dump so badly.
For me i will do the same and also buy back with my fiat money that i have kept in exchange.
jayram
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December 11, 2017, 02:47:31 AM
 #26

Price drop is likely to happen considering it also climb so fast, but that do not mean that ot will keep falling, if we study the bitcoin price trend over the last 3years, when bitcoin price drops a much larger price rebound is bound to happen. I suggest keep the faith and wait.

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Irvinn
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December 11, 2017, 07:04:10 PM
 #27

If bitkoyn decently falls in price after a sharp rise before that, then this is his usual behavior. This situation should be used to purchase some more bitkoyna, because after a while it will again start to rise in price. Although bitkoyn remains a risky investment, but its potential for growth is far from being exhausted and while there is time to earn on the growth of its value.
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December 14, 2017, 05:46:50 PM
 #28

Holding is the best option, especially for the long term in case bitcoin drops. It's because bitcoin can recovery quick after every drop.
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January 09, 2018, 05:54:57 PM
 #29

If you’re looking at Bitcoins as investment, the first thing to do would be to buy and take advantage of the drop as long as it lasts.
Albe96XDAa
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January 09, 2018, 05:57:06 PM
 #30

I would suggest not to make decisions or buy too quickly. If there is a large percentage drop, are you going to catch a falling knife? Or would you risk and just keep buying down?
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January 09, 2018, 06:00:49 PM
 #31

A large percentage drop happens every once in a while. However the trajectory is always upwards. So yes, i would just buy more coins, cross my fingers in hope that it will eventually come up.
LORD money
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January 09, 2018, 06:04:55 PM
 #32

I am more scared now with bitcoin which is sleeping than the last big drop. I mean after a big drop I usually buy more btc because I know it will go up again. but now I don’t know if the rally is over or it is preparing its attack to the new ath. anyway I’m calm in these bad situations because I invested only money I can afford to lose  Cheesy
LodisMcguire
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January 09, 2018, 06:16:47 PM
 #33

Well if in the case of a large percentage drop on bitcoin,i would still be holding it.Bitcoin has a limited supply,so it can't be mined forever,that's make  the price will surely rising in the future.I invest 30% of my money in bitcoin,so i'm not panicking when the price drop,because the price is volatile and i trust that bitcoin will go back up again.
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January 09, 2018, 06:31:27 PM
 #34

I don't have a big amount of BTC, so even if a huge drop happen I will lose nothing, but if someone have a lot of money I think he should have a plan B, just in case.
The first solution is to convert BTC to another trusted coin or just cash it out and buy again when price start rising. better cut losses and sell at low price then losing all your money.

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akamit
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January 09, 2018, 06:47:20 PM
 #35

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

I have nothing to worry if bitcoin drops by large percentage, as I have not invested in btc from my pocket.
What I have today, I have earned it and then invested in altcoins. But if it happens any day, I will be very disappointed that's for sure.

On the other side, there is also a possibility that if bitcoin drops then alts will rise. This may also cover my losses which I may get in btc/usd.
If alts rises > my total satoshis rises > if my satoshis rises > my usd value rises.  Wink

Whatever happens just find and grab the opportunities.
Invest in alts when btc is on the moon, and buy btc when it drops.
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January 09, 2018, 06:57:55 PM
 #36

I think, pseudo investment activities have their own risk. depending on each person's self how to react and need to learn more soalnya what will happen in the future we do not know  Embarrassed
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January 09, 2018, 06:58:10 PM
 #37

If the percentage of bitcoin increases even then some will definitely be happy. And also on the income statement, the expenses of your business are subtracted from the gross profit margin. Expenses include items like rent, insurance, utilities, and employee salaries and benefits. After the expenses are paid, you are left with a net income for your business.
Mind Control
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January 09, 2018, 07:05:03 PM
 #38

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

In most cases, experienced traders and investors out there are hoping for Bitcoin to drop in value. This is for a short while. The reason is that they want Bitcoin to be cheaper at the moment so that they could purchase more Bitcoin at a lower price. So when Bitcoin crashed or drop tremendously in value, buy. Do not hesitate because Bitcoin will recover quickly.
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January 09, 2018, 07:08:31 PM
 #39

You said it all. BTC is resilient, as seen from its history. I the value of BTC drops, I'll stick with BTC because I know I can know any loss. It's inky a matter of time before it will pick up again and I'll smile. I'll always be patient if BTC falls
awawo
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January 09, 2018, 07:10:14 PM
 #40

Well at of some point bitcoin was around 0.05 dollars and now it price has increase to as high as $19000 before the end of last year and is at $14575 now, so if bitcoin has the potential to rise this high within a short period of time I think any amount of drop in it price I will still hold. Because I know bitcoin has the capacity to rise again. I will hold my bitcoin
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