BITCOIN DROPS TO $5,600. HOLD OR SELL?

[tiggytomb]

I don't know really how low it could go, is it possible to hit $1,000 yes possible but not likely although if it keeps going down I think many people will sell.

If it does go as low as this it will be possibly the last chance to get cheap coins.

[Bennix]

Well,I advise bitcoin holders to hold because bitcoin might gain momentum very quick.in other words ,people are expecting bakkt being a financial platform funded by Intercontinental exchange to lunch on December 12,2018.
The question is,how would the panic sellers feel if the price of btc skyrocket?I could remember last year so many people that sold when the price of btc failed to $3000 regreted selling ,and the worst part is,they were not able to buy it at the price they sold.They were waiting for the price to come down ,but the price keeps on going up exponentially.
From the research I made,I find out that bitcoin hash power will be  used to mine bitcoin cash block,and after that bitcoin will move upward .
To be clear,whenever the price of bitcoin go down aggressively ,I buy bitcoin and the same time I use moderate leverage.So,if bitcoin goes down to $5600 dont sell ,rather hold it or buy more.I said this because bitcoin can hit $6400 or more in weeks.The problem is ,some traders are impatient to the extent  they don't know bitcoin has already bottomed due to long term correction.

[Leonard2016]

It is a hard decision , We don't know really but seems market is falling , I think BCH's fork is one of its reason , I'm waiting for the new baby born to see if miners go through it or leave that fork to die , seems it had some affectons on bitcoin .

[que91]

Keep holding and buying more is the best solutions at the moment . I don't think anyone should cut their loss cause it's too late. If I got any free money, I would buy as much as BTC and ETH as I can at this time. It's really difficult to see BTC and ETH low like this so I don't think we will have anymore good chance like this in the future.

[YoungMaster]

You should hold your coins and don't be panic to the market drops.
I'm not scaring you but if you also do the selling then you will probably in big loss, think again or regret later.

[waniowski]

Some people say that this is the last drop before this year's long-awaited increase which will transfer the value of bitcoin to the range above 10000 $ or even more. Let it happen.

[macit800]

We can say that this is near  the bottom, I hope that we will turn down at 5000, so if you sell now that mean that you sell in the bottom.

[beveryu778]

Just hold and if you can buy more that's better because after a big drop, a pump will occur. No need to sell if you don't need fiat right now.

Yes, right now the market is struggling to gain, so holding looks better option to generate profit in the future. Don't be panic seller as well do not take any kind of wrong step which will not help to get what you desire for.

[sorrros]

Guys, I am really afraid that Bitcoin could go down to 1000USD or 2000USD, do you think that it is real? Who will sell Bitcoin for this price? Miners? Mining 1 Bitcoin costs 6000USD, so this doesnt make any sense.

[wumBowo]

i'm still holding while i'm doing a scalp with altcoins,
yes it's really risky and you need to monitoring the BTC/USD pair all the time

[eidoscore]

for this condition, if you feel need money and think bitcoin is fail you can sell, but if you trust in bitcoin keep HDL until the price groing up again

[waaat?]

I think we can see $5200 or near still. And it's not trouble. Market must have correction before big growth. Today is not the same as 2017 but I wait different but strong movement. It will be linked with Bakkt or ETF. I have some rumors that ETF approves already

[1cak]

buy more! that's all I can recommend to you, but believe that the lowest bitcoin price will not be less than $ 5,400. and hopefully this is a good sign for a very strong bounce recovery

[Bonheur]

I think this is not the dip.Still there is a chance that it can go down a lot.Buying a little and waiting for more would be the safe bet.I think it will bounce back eventually but it will not be a bull run for a long while in my opinion.

[Iarnnoshre]

As at yesterday, we all saw the value of Bitcoin depreciate to $5,600. what is your advise to BTC holders

should we sell of in order not to incur more loss?

or should we HODL with hope that the bull run is coming soon enough?

of clurse not ot dpes jot neant that vutcoin is going to fall even lower so you should have a little faith in it in my opinion

[Iarnnoshre]

I think this is not the dip.Still there is a chance that it can go down a lot.Buying a little and waiting for more would be the safe bet.I think it will bounce back eventually but it will not be a bull run for a long while in my opinion.

of course as bitcoin has a wonderful team that will never let it fall that low and we shall be sure in this as i believe in bitcoin

[Adecrypt83]

You selling Bitcoin or holding it will depends on the time you bought it. If you just buy it and the loss is not that much, you may say it if you're skeptical of its future but if not I will not advise to sell Bitcoin at loss esp when you have lost much from it. This is not the end of Bitcoin and Altcoins, all these shall pass but how many of us will endure till the time it will ends.

[santiPOGI]

I saw the market and bitcoin price is no good now.
Is this the big effect of bitcoincash fork?
People chooses to have more BCH than BTC today?
Well, i just bought some BTC and also ETH, hoping for the comeback in just  2 days or maybe less than a week.

[Nasonn]

At the current price I don't see the point of selling your BTC, the best option is to hold because selling now will only amount to huge losses.

[Yaunfitda]

Doesn't make sense if you have bought bitcoin higher than the current price and just simply dump it because you panic. Everything will be back to normal for sure, its just we have been affected by this Bitcoin Cash war as the moment and there are several reports that Bitcoin Cash holder are dumping their Bitcoin to prepare for the war and the hard work.

So if I were in your shoes, I wouldn't sell not even a satoshi as this point. I would rather not panic and just continue to hold.