What do you do when you see bitcoin crashing like this and you're losing money?

[batang_bitcoin]

I just wonder how those HODL people that are now losing so much money day after day after day,

When value goes down then every holder is also losing money with it.

Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

I'm not cutting any losses, it's too late for me to do so but I promised not to commit the same mistake that I did because I panicked. While watching the charts and waiting for the price hike, watching some entertaining videos is diverting my mind.

[Ridwan Fauzi]

For people who have a long-term investment strategy, sit nicely and watch a favorite movie is a good thing, let the price weaken and go back up. But if you have a short-term investment strategy and intend to see the bitcoin price movement selling bitcoin when it's downhill is the best solution! Hold your money and when the price is at the bottom and trend up price come you can buy back. I'm sure you will get a profit compared to HODL and let the price go back up.

[cryptocrusher]

I put my winkle in a hamburger bap, start crying and run after as many grannies as I can find. If I manage to chase one down I sit on its face and do a cavernous fart that flaps my buttocks like they're in a hurricane. Then I'm usually arrested.

Got to worry when you're struggling to catch up with Grannies  Of course sometimes you're lucky and they like it instead of pressing charges.

Yep, because the price is going to 0 and right now

Well I'm not sure if it's really going to be 0. I personally think somewhere < $1000. With Google now banning all advertisements, which Facebook already did, less and less people now using it, while transactions are going down steadily, the number of shops accepting it decreases, governments banning it (China, Indonesia, Ecuador, Bolivia, Algeria, Nepal, Bangladesh, Cambodia, Vietnam, Macedonia) or heavily regulating it (most others, last being USA), energy consumption becoming a real problem and that the maximum amount of transactions is stuck at 14/second, it doesn't scale and that SWIFT said blockchain is currently not usable as payment system , I don't think there's any future. But 0 ... Not sure.

Facebook ads being stopped is much worse than google (in my estimation). Of the countries that have banned it the biggest one is China and that information is not true. Regulation while harmful short term can add real benefit in the future and is something that in time can lead to Facebook and Google accepting adverts again once they see that scams are far less prevalent. Scalability is an issue but there is constant work on fixing that issue, eventually bitcoin could even adopt the tech of some other cryptocurrencies if that needed to be the case.

[putrii]

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

there's nothing I can do if I do not have the capital anymore and get stuck at a very high price it's definitely all I can do is just wait for the price to go back up, but if I still have the capital I will definitely buy as much as I can.

[Baoo]

Eating lots of food, watching films, playing video games, improving my project , designing something...  , and I believe that this big fall is temporary and it will not last long despite that in last 2 months the market in crisis, but only there are some problems that will be resolved in the near future.

Furthermore, I am patient and very optimistic about what will happen in the future, and even though I have lost some money in this crisis, but it will certainly be compensated with a lot of profit in a long term , just HODL is the right decision for every big crash in bitcoin  .

[hosseinimr93]

When the market is crashing, I prefer to lose money. As long as I don't sell my bitcoins, I don't lose money. Because finally the prices will rise again. Better to not panic, be patient and just wait. Sooner or later I will get my reward.

[lablab03]

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

of course how can you sell if your money gradually disappearing ? Lol so much better to sit down and dont lose hope just wait for the pump before you sell off  'cause to be honest selling your money while you have lose is on it is not a good idea and for sure you will cry after. And besides if there's a dip it doesn't mean it is the end of bitcoin journey 'cause in fact the price always jump after worst scenario .So why not keep holding if you know that the price always recover after ?

[p i e c e]

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

Fixing my sit, bringing my popcorn, watching the chart and HODLing.
What I see is big whales bouncing in the ocean, sometimes going deep other times trying to get some 02 so they chose the opposite direction. I am waiting until they make a huge jump then we will have another talk

LOL. This is the best position I have ever seen and met. I will sure remember these words and try to do the same things each time when crypto is down.

[Lieldoryn]

I have a reserve of bitcoins that I have put aside for long-term storage. I do not touch these coins at any price of bitcoin. I also have a stock of coins on the stock exchange. I use them for trading. When there is a sharp decline in prices, I always sell to fix the loss. Then I buy at the bottom and wait for the growth. If again there is a price reduction I will again sell etc.

[South Park]

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

Well the whole point of holding your bitcoins is to you know hold them, there is not much to do, you do not need to manage the position in the market of your coins since that was decided the moment you decided to enter in the market, this sounds extremely passive I know it but holding has been shown to be a superior form of investing over active trading and that is what I do.

[Slash61]

I can not do anything but wait for this moment to pass. But for how long? Maybe in the next few months everything will recover? With this condition I've lost a lot of money, but I'm sure the price will rise again. Save your coin when it happens, because selling coins now will only make you lose more money.

[Caelanpelley]

I have no way. What I can do is wait. Hope good luck will come. Do not over-invest your assets in bitcoin so you will not have to worry too much about them. Find a job to earn a stable and stable monthly income. Making money from bitcoin is not easy, there are months you do not earn a penny.

[Nick Abimanyu]

HODL, sitting still and just looking at the reports is the best thing for those who don't have double money (cann't afford to buy), that's the only way that they can control. In essence they don't sell bitcoin when market prices are down.

[lifengpu]

Principle I do nothing because I was ready for this kind of events and I just keep it at myself in such moments without panicking

[Slow death]

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions?

well first you need to understand "the psychology of Hold", we are talking about people who bought bitcoin when the price was $ 100 or $ 500 and had the patience to hold for years because they saw potential that bitcoin has. something that you need to understand is that for someone hold look at this opportunity as something better than saving the money in the bank, so you only need to buy and hold for a long time.

Now people who buy and want to make a profit after a while are those who care about price increases.

Are you guys just sitting there, watching your accounts evaporate, hoping for better days?

humm, we are waiting for bitcoin to be worth a lot of money in the future, be patience

See:



 

Are you cutting losses? When is it enough?

just as I said: be patient.

Last year lisk was worth 20,000 satoshi and today lisk is worth 140,000 satoshi

Last year bitcoin was worth $1000 and today is worth over $8000

[livingfree]

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

Don't look everyday at the price of bitcoin and you will realize that you are doing fine. Take a deep breathe and do something that's good for you to avoid thinking something wrong with your portfolio. By watching everyday charts, you will gain nothing but pain in your heart and can also lead you to sell in no time.

[JMD07]

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

I will not sell my coins as this will return to the peak once the dumping has done. I know someone had bought it at $20k and his still holding in hopes that sooner another good news will come and this will ignite the market to make a good bull run to push the price higher.

[raven7886]

I just wonder how those HODL people that are now losing so much money day after day after day,

When value goes down then every holder is also losing money with it.

The truth is that if I look at how much I invested last year and how much the value has gotten to? Then I really have no need to be worried. For someone like me, I invested for the long term anyway and who really cares even if bitcoin gets back even lower to the amount that I got, at some point I will just buy more. If there is one thing that I have known so far, that is the fact that downtrends are normal, but it won't be here forever.

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

There goes the bear man again and I really wonder where you would be when the market turns bullish, probably go into hiding and turn on one of your bull supporting alt accounts? Thanks for reminding us and checking to know whether we are holding or not, but for your information, yes, some of us are still holding even though we trade with some, because we believe in the fact that bitcoin is here to stay. Kapeesh?

[Alijiindahaus]

I just wonder how those HODL people that are now losing so much money day after day after day, manage their positions? Are you guys just sitting there, watching your accounts evaporate, hoping for better days? Are you cutting losses? When is it enough?

I will not sell my coins as this will return to the peak once the dumping has done. I know someone had bought it at $20k and his still holding in hopes that sooner another good news will come and this will ignite the market to make a good bull run to push the price higher.

what will affect the price? To date, I can not see such a scale of purchases, so that it could push the price of Bitcoin up. As always, according to market rules, demand generates supply. But for today I see only a proposal.

[JanpriX]

First of all, I've entered into my countless trades with plans inside my head. These plans provide me the entry point, exit point, cutloss price and other important things in trading. When BTC or any of my coins are crashing like what we are having right now, I just try to remember those key points and move accordingly with it. If my cutloss was hit, I'll just cut all of my losses and move on. I don't dwell in my past decisions and I don't regret any of it. Just be a man and be responsible on your trades. What is important it to take profit or break even (have some minimal losses).

Planning ahead really helped a lot during this time. And anyone who's trading BTC should do the same. We don't know what the future will provide us but at least we can create plans to alleviate the impact of it in our finances. Be wise.