What is your quit point for Bitcoin price?

[basicnecromancycr]

The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.

[sumsum90]

I don't think that it will go under 2k, and I have been reading the same opinion from different sides these days. I think that quit point depends on the starting point as well, so it is pretty much individual for all of us. If someone entered the game when the price was 8k and he held his position until now, what difference would 1k make?

[avikz]

That really depends on individuals and the exit point veries on risk taking capability of each person. So determining an exit point may not hold true for current situation.

But I too agree that a lot of people may want to exit the market if the price reaches 3 digit value. Don't know if it will have a hysterical effect on the mass but it will certainly encourage a lot of people to exit.

Personally, I would not quit the market for ever. But I will probably sell off my existing holding before it reaches 3 digit price and start acquiring fresh stock at 3 digit price.

[Andam76]

see the price of bitcoin tends to go down many people who start to not believe in bitcoin ... but for some people this condition is used to invest in dibitcoin ... all back to the point of view of each person ... prices that are always volatile in bitcoin are normal ..

[harizen]

The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.

Speculations, no matter how properly backed it up will remained speculation until it happened.

The decline of bitcoin price doesn't always mean that a certain investor give up. It's just that they are playing with the volatility because of the speculation. They are anticipating that price will goes down more therefore they will have an opportunity to buy back at much lower prices. Then the cycle will just repeat.

Investors* who will totally give up can't really affect the whole bitcoin price movement as a whole unless some numbers of big whales decided to dump.

Honestly, no need to think too much about your concern. I will stand to my position that I will hold until zero although I don't see it happening. So for now, just sit back and relax while doing some continous accumulation.

[kotwica666]

Only people who have invested in Bitcoin during the price increase last year and during the bear market this year are pessimistic. Anyone who is interested in Bitcoin is no  surprised by the current price drops. If someone has invested with the desire to earn fast, he has bad luck, everyone who keeps the BTC because he believes in his future does not look at the price now. Profits will come in a few years.

[peacefulpeace]

for me i don't think there is ever going to be a quitting point for me, i believe in bitcoin, through thick and thin, if bitcoin goes below 1000usd i will still invest in bitcoin. i don't forsee a fall for bitcoin, no matter what the so called self acclaimed crypto analyst think, bitcoin is here to stay.

[rodskee]

New technology is still into progress blockchain is continue to develop itself
So bitcoin are part of technology people strongly believes bitcoin price not goes into zero value
Price decrease is part of the bitcoin year corrction who's can wait and sacrifice will gonna win later

[tomahawk9]

I really wonder at which point BTC investors give up and quit completely.

It depends on each investor. But I believe most of the smart investors are in the market for the long-term so they don't care about the current prices. But even if some give up there'll more investors ready to jump in at the lower prices as it could give them a perfect entry-point to maximize their profits in the long run.

but if the price goes under four digits then I might be reconsidering.

rest assured that the price won't go below 4-digits.

[btc-room101]

The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.

QUIT WHAT?

Day-Trading Bitcoin?

Sell-Out and walk away?

Suicide?

You really didn't even define what you mean by 'quit'

I suspect by context you mean, pull-out because of the price drop. I think the HODL morons will stick around well after Bitcoin drops below $400 ( last real solid floor ), the fact is most of these kids have never known anything else, and the lower Bitcoin goes the more likely they can afford to buy it, ...

I never personally saw a 'quit' in Bitcoin, it began in 2009, with engineers mining  on their PC's and then went insane with speculators post 2013, I always saw Bitcoin price collapsing, but even at $1 support level there will by hobbyists who keep mining, because it started as a hobby, and it will end as a hobby.


You speculators, tried to make 'invisible shit' tangible and invaluable, and what you ended up is screwing yourselves, thus you all get what your deserve.

For those of us that came in for the technology, and stick around for the technology, we don't give a rat's ass what the price is,


The real question is the exchanges and infrastructure and criminals and pump&dump whores that have built business models around bitcoin, that's a good question, when do they quit? As now they're bleeding, and truly losing money.

The average 'little guy' owns 0.05BTC, I don't think that guy needs to quit, hell he can HODL all the way to $1, now if he were smart he would have sold that 0.05BTC(@21k USD), and pocketed the cash and quit long ago, but all the morons didn't come to BITCOIN as investors ( classical ) at $1,000, they came as get-rich-quick speculators, and that always ends in disaster.

[btc-room101]

I really wonder at which point BTC investors give up and quit completely.

It depends on each investor. But I believe most of the smart investors are in the market for the long-term so they don't care about the current prices. But even if some give up there'll more investors ready to jump in at the lower prices as it could give them a perfect entry-point to maximize their profits in the long run.

but if the price goes under four digits then I might be reconsidering.

rest assured that the price won't go below 4-digits.

"Smart" & "INVESTING" & BITCOIN are oxymorons

There is nothing smart about buying bitcoin, it was always a 50/50 bet, a roll of the dice, up or down.

A speculative wager is NOT investing.

[hadveach]

Pessimistic comments is a bad response, it can make the market worse. even, I hope that BTC falls to $ 1,000. then,  I can buy again.

investors will not give up, and will always hold their assets, investors understand this bad market is affected by hash battles, and the hash battle will end, then, BTC will create a rising graph.

[iamMhew]

I dont have any plan about quiting, im just waiting for the very lower drop point to fill my empty bags, and it must be great if weak hands and most have panic investors dump their very last bitcoin so the price of it will fits to my price budget. I will be more wiser now than before, and dont want to miss the ride again.

[bassbity]

the investors won't just stop because they don't want to lose their money just because the price drops, so they will hold on until the price rises.

even though BTC will drop below 2k I think investors will still hold or buy it back.

[julius caesar]

The market is full of pessimistic comments lately and most of the conversations include BTC price going under 3k. I really wonder at which point BTC investors give up and quit completely. What is your opinion about this? My thought about quitting never happened but if the price goes under four digits then I might be reconsidering.

That will really affect this market. I dont see myself quitting here, since I trusted Bitcoin due to the fact that I have onced have my own profit here and it really feels amazing when you are able to help your parents and sustain your way of living. I think the current statistics must not be rely on since it was just a turning point for this currency to blow in the upcoming year,we should be just patiently wait for it.

[btc-room101]

I dont have any plan about quiting, im just waiting for the very lower drop point to fill my empty bags, and it must be great if weak hands and most have panic investors dump their very last bitcoin so the price of it will fits to my price budget. I will be more wiser now than before, and dont want to miss the ride again.

So what is your 'entry target'?

IMHO btc will revert to $1400, but not until next Jan/Feb, like last year last 1/2 of xmas season btc trading seems to slow down, I see a major dump early next year, Then more consolidation above $1k, if that fails then the next floor at $400 will be tested.

That's easy, I think the hard thing for people like you will be at what price do you go in, and at what price do you exit?

BITCOIN is NOT going to go back to $20k any time soon, not for a long-long time, thus say when it goes to $1500 do you buy? Then you HODL and assume it starts climbing back to $6k? Then do you sell or do you HODL and watch it fall back to $1k? Just curious about your 'entry' plan

Note in REAL investing, when people buy into an asset they have a plan, a planned purchase price, and a planned 'take the profit' exit price.

BITCOIN seems to attract this HODL thing that all 'virtual currencys' revert to the moon, and that is insane, cuz the real world don't work that way,

So tell us, oh wise one, now that your wiser, what low entry point are you looking for, and what exit price will you follow up to sell, to take your profit?

[btc-room101]

Well there seems to be a consensus here

1.) Nobody is Quitting

2.) BITCOIN is heading to $1k

IMHO Jan/Feb will be ugly, but after that if 'new money' can be found, or there is a war, or some justification for moving into crypto then BTC could maybe head back to $6k, or something like that, hell our 'investors' don't care they just flip the bitch,


Anybody making money 'shorting btc' on the futures market here? Or are the shorts too expensive to buy?

Until all these speculators "GO AWAY", quit I  guess is the word, bitcoin will continue to the roller coaster thing, but eventually it needs to stabilize for a long time near common mean-reversion price that the 'professional market' can understand, the current volatility, is just a sign of infantilism, and for a 10 year old to still be acting like a baby, is a bad sign.

...

The conflict in interest here is fascinating, just yesterday the majority of our HODL'rs were telling others to BUY and now they're saying the concur price is going down, so its sounds like there isn't going to be many buyers stepping forward anytime soon, unless our flock here is going to continue to tell others to BUY into a falling market.

Lastly, the consensus here is "Do as I say, NOT as I do", YOU HODL, I wait for the low entry price. This is exactly what the whales do, they SELL and cash out for real fiat, but tell the little fish to "HODL", then the little fish try to do the same thing with the moron fish.  If you go higher up the HODL food-chain you even find more liars, criminals, & ponzi-scammers.

To be part of the BITCOIN CULT you must really live in cognitive dissonance? Right?

[coinsycrip09]

i think for now i'm not determining where the stop point is at the price of bitcoin.

bitcoin will develop better in the future, indeed for some people may give up at some point for various reasons. but i think someone has taken advantage of it, i personally will not stop and surrender my shares to them. i will wait until the market returns.

[gesdan]

in this point we can get two possibilities, the first possibility is bitcoin price will go up after getting the price down, or the second possibility is bitcoin will go down and down until it doesn't have any value anymore.we should make a prediction about our choice, are we still believe in bitcoin and hold it or not

[zenrol28]

The lower the bitcoin price goes the more i can buy with my money, there's no more quitting once you get into bitcoin. If by someday someone attacks the network and succeeded, maybe that's the time to evacuate. But I thinks it's still expensive to make and maintain a 51% attack on the bitcoin network.