Curious. At what BTC price would you capitulate?

[jeihjeih]

Thought it hasn't been asked this way before. The question is actually quite loaded.

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[charlotte04]

Thought it hasn't been asked this way before. The question is actually quite loaded.

This is a good price to buy Bitcoin. I think this is already at the deepest dip for bitcoin to go. But if we may see Bitcoin below $6k levels, then that would be a huge problem.

[The Sceptical Chymist]

Capitulate meaning what, exactly?  You could be talking about either buying or selling here.

If I had some extra money to play around with, I'd be buying bitcoin at this price (currently around $6400).  Unfortunately I don't, so right now I'm bitcoin-poor.  I have a feeling that the news we've been hearing about big investors getting into the market will drive the price up eventually.

If you're talking about at what price you'd be induced to sell, I would suggest that for most people it depends on what price they bought in at.  Either way, you ought to clarify the question for idiots like me.  This thread also might fit better in either Trading Discussion or Speculation.

[Sylvial]

If I understand capitulate in the context you used it, then it's dependent at what price you got in or bought BTC. Remember some people got in quite early and would not consider capitulating even if it goes lower than the current price. Below 6k, I'll give it a consideration so as not to slip into losses.

[Lighthouze]

If I understand capitulate in the context you used it, then it's dependent at what price you got in or bought BTC. Remember some people got in quite early and would not consider capitulating even if it goes lower than the current price. Below 6k, I'll give it a consideration so as not to slip into losses.

This is true to a very large extent. Some people bought Bitcoin when the price was very low, for such people capitulating isn't an option at all irrespective of the price of BTC. They simply hodl and weather the storm at any given time.

[Leyss]

The reason for lowering the price of bitcoin has a lot of significance. If Bitcoin will simply fluctuate in price and for no particular reason its price will be greatly missed, even approximately in such a situation as it is now, even if its price drops to a hundred dollars, this still does not mean anything. Of course, by this time it would be better to periodically sell them and buy at a lower price and take advantage of this situation. However, after this bitcoin will definitely increase. It is necessary to be afraid not of its fall for the usual reasons, but of its great growth in price.

[figmentofmyass]

Thought it hasn't been asked this way before. The question is actually quite loaded.

it depends when you bought, or if you're playing on the house. i haven't put money into bitcoin since early 2013 and i've taken far more out than i put in. so i don't have the same pain points as people who bought into last year's bubble.

i'd like to say i'd go down with the ship, but it's probably not true. maybe somewhere sub-$1000, if we were consistently holding below previous bubble highs, long term. but the nature of capitulation is such that you can't find an accurate answer this way. capitulation is highly emotional; it's the opposite of a well-planned stop-loss.

[Tcpark]

I will not capitulate, yes i'm mad hodler.) Moreover, i'm sure that Bitcoin will never fall to 1000$, Tether and Bitmain woun't concede this, you know why...

[jeihjeih]

Lets do the poll! Capitulate = sell, given up

[jeihjeih]

Thought it hasn't been asked this way before. The question is actually quite loaded.

it depends when you bought, or if you're playing on the house. i haven't put money into bitcoin since early 2013 and i've taken far more out than i put in. so i don't have the same pain points as people who bought into last year's bubble.

i'd like to say i'd go down with the ship, but it's probably not true. maybe somewhere sub-$1000, if we were consistently holding below previous bubble highs, long term. but the nature of capitulation is such that you can't find an accurate answer this way. capitulation is highly emotional; it's the opposite of a well-planned stop-loss.

I agree that it varies. This is why I'm curious what the poll will show and whether this will indicate what is the short/long term movements in our prices.

[Marcel666]

As a golden rule, remember that, it is not a loss, until you sell.
And depending on when you bought, you might have profited or lost, based on the price at time of purchase.
There is no price at which to capitulate, but I highly doubt bitcoin would go below certain supports now, if it does, most would be deep in losses OT would be pointless to sell.

[davis196]

I voted for 1BTC=1BTC (whatever that means).
The bitcoin price level won't force me to leave the crypto world.The transactions fees are more likely to make me wanna leave crypto.If they become ridiculously high for some reason,I would just sell everything and move on without my coins.

[exstasie]

Below $500, if ever. It would be pretty surreal to see it down there again, where I bought my first coins!

Honestly though, I'd probably wait long enough that it wouldn't even be worth it to sell anymore......maybe just keep them as souvenirs.

[dothebeats]

$1000, perhaps? Though that figure is way too far from where we're at right now so I have doubts that we'll ever see those again. As far as I'm concerned, 50% less of what I initially bought in at, I will bail and call it quits, but due to bitcoin's nature of redeeming itself every 3 or so years, I wouldn't sell it since I already profited a lot and will just hope for the best. Besides, I already made my finances stable and bitcoin is just another part of my investment portfolio right now.

[Lucius]

People always look at the price as the only thing that matters when it comes to BTC, especially those who have been involved in cryptocurrency with only one goal, and that is quick profit. For those who really believe in future of BTC there is no word like capitulation, so it is good that pool have option that 1BTC is always 1 BTC.

We should always leave the possibility that something very bad can happen to crypto, like some new Mt.Gox or some idiotic regulation on at the global level. In that case it would be unrealistic to expect people not to sell, but from this point where we are now situation does not seem bad, although some try to show it exactly like that.

[eternalgloom]

As long as it has any kind of value and it's still being used, I will probably keep using it.
I mean, it's entirely possible (though unlikely), that Bitcoin might lose the top position it's currently in to some other altcoin, but there has top happen a lot before I would decide to just forget about it.

By capitulate, I mean that I would stop buying Bitcoin and sell or give away all my current holdings.

[Corelianer]

A very interesting question, I think at a price of less than 1000 will start to think about the full output of bitcoin:)

[Renal]

if we use this opportunity to buy bitcoin then this is the best choice because the price of bitcoin is brought to $ 6k and to go up still cannot be confirmed until now, we better use this opportunity to buy bitcoin then save it so that when bitcoin goes up we can immediately sell it in we can get many benefits

[1Referee]

It's all or nothing for me.

I won't ever sell my coins for fiat, but will buy more when the price tanks hard enough. I have always done that and it worked well for me throughout the years, and I'm certain that it will keep working well in the forthcoming years. With so much more adoption potential the current price is an absolute joke, so by buying now you'll be able to capture that long term potential by simply hodling. It's the easiest thing in the world and you'll see your net worth go up. That's a fantastic deal!

Bitcoin has been the opportunity of the century for the non elite to actually become an elite. What's the alternative? Saving? Investing in stocks? Real estate? All a waste of time with Bitcoin still being the best option, by far. I don't exaggerate when I say that we can expect a 10-100x growth in price in the next 10 or so years. After that you can liquidate some of your Bitcoin holdings to buy real estate or whatever.

[Maricel2017]

A very interesting question, I think at a price of less than 1000 will start to think about the full output of bitcoin:)

Really you are expecting to happen that amount in bitcoin! For me it wont happen i am thinking for better value in bitcoin before this year was end that is why if the opportunity comes that i have excess money im not hesitate to put it in bitcoin.