opinions on downward trend

[Jbitz2late]

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

[Irvinn]

While bitcoin has outlined a downward trend, I think it makes sense to wait a bit to wait for its new growth in price. Bitcoin will very soon begin to grow new, this is unambiguous. True, its growth can be significantly affected not by the elimination of its shortcomings with respect to the slowness and high cost of transactions and it is difficult to predict how eventually he will behave. After all, for a little he loses his popularity. On the other hand, now selling bitcoins and translating them into altcoyins is already expensive and transactions can get stuck. Therefore, I would prefer to wait and see what happens next. Is it possible to withdraw from Bitcoin part of the funds, if there is a good and promising altcoyne in mind. Or it is possible in ethereum, which is now growing well in price. However, again, transactions with ethereum are also starting to hang and commission fees are rising. It seems better still to wait.

[Kprawn]

The best thing {based on previous history} is just to wait it out. We have seen much bigger drops in the price before and

most of us just hoarded until the price recovered or until it broke previous records. I think once the Lightning Network is

fully implemented, most other Alt coins will fail and Bitcoin will be much higher than before. 

[Xavofat]

Generally, unless you're actually a good trader or unless you irresponsibly invested too much and really need money for something, selling during dramatic falls in price is not a good idea.  It's the opposite of the mantra "buy low, sell high".  It's often worth waiting until the next bull market (probably a long time).

Buy alt coins?

Altcoins' long-term trends are often similar to BTC, so probably not, but it depends what you're investing in.

or just wait it out?

Yep.  HODL it.

[btcformula]

BTC price jump reason Hard fork, Media also do there job best. Lot's free money entering for fork that also push up BTC price. But people got fed-up on fork & Media news. 20K reaching is complete dream for us. So all this factor just vanish now. and we see the result. Also, some negative news like BTC banning on country, litigation, high trx fees bring down BTC price

[talkbitcoin]

there really isn't a single answer for this because it depends on a lot of factors.

the most important factor is timing. for example if you see price dropping AND also speculate the drop to continue for a while, like after a very long bull run eg $19600, then selling on top is a good idea and then you wait a couple of days to go back in at the bottom.
but the same thing can be the cause of a lot of money lost. if you choose the timing wrong, for example if you sell when it is already too late. eg selling at $12000 after price already fell 35%

as for altcoins they rarely are good choices during bitcoin price drops because when bitcoin was having that 35% drop, altcoins were having 50% drops.

[TheQuin]

It's the opposite of the mantra "buy low, sell high".

That is exactly it, now is the time you should be buying if you intend to build a larger position. Buying all the way down the dips will give you a better average entry price. Don't try and guess what the low will be, just buy little by little everytime it goes down further otherwise it may reverse on you and you'll miss the opportunity altogether. That's not a trading strategy, but it is how to accumulate a hodl.

[Yeperdoodle]

As a trader, I would buy when price starts to bounce up on a major support level though. The chart helps us anticipate that, and although not 100% accurate, at least it's an intelligent guess.

[whirlcoin]

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

For me just wait and if you can buy more bitcoins,soon the price will bounce back.The current downfall of bitcoin is due to South Korea ban so it needs some time to attract the new investors.But bitcoin has the ability to reach the prices back in very short time.So we have to be patient while the prices are falling.

[Chris314]

These last days the downward trend isn't spectacular, I would even say bitcoin price is stable around 14k$ since the beginning of the year. So just wait, or buy in small dips if possible.

[1Referee]

People with their downward trend nonsense. It's obvious that the market is consolidating, but then within a wider than average range. If you look closely, and see how repetitive the movements are between $13,000'ish and $14,000'ish levels, you will directly spot a great money making opportunity. If you time it right, you can make a decent bit of profit in just a matter of days, and quite often in less than a day. Learn to analyze the market and see how profitable these repetitive movements are for youself. As soon as we break out of this consolidation phase, these repetitive patterns will be no longer there, and thus it's time to just hold again. It's just a matter of logical thinking, really.

[VitKoyn]

When bitcoin price is going in a downward trend what's the best way to weather the storm?
get out while you still can?
Buy alt coins?
or just wait it out?

In my opinion, if you own some Bitcoin and when the price goes down the best thing to do is just hold it and wait for another bull market. Cutting your losses is not that bad but why do we need to sell it if the price will surely recover soon, you just have to be patient. Instead of selling why not just add more Bitcoin to your investment, that would be a good time to buy at a lower price if you still have some extra money while waiting. Using Bitcoin for altcoins when the price drops? I don't think that is a good idea because most of altcoins in the market will also fall when the price of Bitcoin drops.

[CyberKuro]

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Cash out for fiat currency when you can not wait for the cryptocurrency to recover, bitcoin and most of the altcoins will likely to recover within days or weeks.
Get out isn't a good way in this case as fluctuation is a normal thing in crypto-market, just watch over the latest news of bitcoin in some countries.

Buy alt coins?

Yes, you can allocate your funds to some potential altcoins such as bcash, ethereum, monero or some cheaper coins such as waves, iota, aion, xrp or xlm and much more.

or just wait it out?

For real hodlers, it's the best way due to bitcoin will regain its value and tend to rise over time, bitcoin won't let you down as long as you can be patient for the storm to pass.

[LeGaulois]

People with their downward trend nonsense. It's obvious that the market is consolidating, but then within a wider than average range. If you look closely, and see how repetitive the movements are between $13,000'ish and $14,000'ish levels, you will directly spot a great money making opportunity. If you time it right, you can make a decent bit of profit in just a matter of days, and quite often in less than a day. Learn to analyze the market and see how profitable these repetitive movements are for youself. As soon as we break out of this consolidation phase, these repetitive patterns will be no longer there, and thus it's time to just hold again. It's just a matter of logical thinking, really.

Yep, every day I am watching closely and I see daily the same thing (multiple time during the day often). There is always this $1,000-$2,000 gap
i.e.


It's doing this since during the ~$18,000 period approximatively. There is a lot of money to make daily if you do it smart.

[nl247]

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

It totally depends on each individual. If you are not a trader, there is no point getting out, all you just need to do is to wait it out as there is really no way you would have known if the value was going down and how to follow trend to make your decision and you can end up making the wrong move. Normally if you did not get out at peak, and buy back at dip, there is really no need selling for loss.

Also, during bitcoin consolidation, altcoins usually have a good time, so you can decide to make some profit from them but choose wisely, otherwise, just sit down and keep laughing at how the price keep swinging as you have nothing to worry about.

[aardvark15]

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

I choose to wait it out, but there is no right or wrong answer.  I’m always confident that Bitcoin will recover, but if you think you can time the market, there is nothing wrong with selling to buy back lower or trading to buy cheap altcoins.

One thing that makes me do less trading and more holding is the new tax law in the US where we will be taxed on every trade even between cryptocurrencies.

[Gabz999]

For me, I would prefer to convert it first into USD just to stabilize my earnings and get in the boat again after the dip or convert to alts.
If you have that much patience enough to hold it tightly, the best is to hold and just calm. I'm a trader that's why profit is important for me

[btc_angela]

When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?

I choose to wait it out, but there is no right or wrong answer.  I’m always confident that Bitcoin will recover, but if you think you can time the market, there is nothing wrong with selling to buy back lower or trading to buy cheap altcoins.

One thing that makes me do less trading and more holding is the new tax law in the US where we will be taxed on every trade even between cryptocurrencies.

Yes. Much better to wait it out. The market is very bearish and its really hard to predict when the price is going to increase. So its much better not to do anything, unless you needed the funds then you don't have any options but to sell.

We are unlucky that the market started this way in 2018, but based on last year, we have also seen this kind of price movement, but at the end of the year bitcoin pushes to almost 20K. Patience is the key here and do not panic.

[DustyRah]

If BTC had to crap out, it would have already done so. As you can see there is very strong demand for BTC which is why the price hangs around 15k or so even with ridiculously high transaction fees. BTC is very very resilient.

Best way right now is to HODL as it has always been.

Lightning network please!!!!!

[BrewMaster]

When bitcoin price is going in a downward trend what's the best way to weather the storm?

you only have only 2 clear options.
1. hold
2. sell before the bottom and go to fiat

obviously if you are a trader then option #2 is for you. but you should make sure to sell soon because every second that passes it becomes late to sell and if you sell late you will be the last one out who got dumped on

Buy alt coins?

this is a terrible choice because history has proven that altcoins have a tendency to get dumped each time bitcoin goes down.