What is your quit point for Bitcoin price?

[icecube45]

Usually the surrender is the investor who has panicked because the price dropped very far, so they stopped to invest. If the price drops below four digits I am also sure that many investors will panic and sell their bitcoin. This is normal because prices fall so far that many investors stop investing because they consider bitcoin to die. But actually my advice is if the price leaves four digits to stay calm and don't panic. We must remain confident that prices will recover slowly. If the price of bitcoin goes down I don't have a stop point, I'm better off buying it again and hold it until the price rises.

[rickadone]

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.

For me its a thousand dollars. If bitcoin ever reaches a thousand dollars I will sell all my coins and just leave the bitcoin market for good, that is too much of a loss to keep going and I would rather make my income from something else. It would kill all my income and I wouldn't be capable of paying my bills if that happened. Even right now I am looking for a more "real" way to make money instead of keep working in bitcoin industry forever, if I am doing it at 3 thousand dollar or so, I will definitely move to that when it reaches a thousand dollars. However, I doubt it will ever reach that type of price again, even 3.5 thousand dollars was met with a shock and people bought up bitcoin (whales specially) because everyone believed this was a temporary deal.

[Idrisu]

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.

I don't think that the investors will one day quite the market.  I believe that they are going to keep investing as far as the market remains because of the hope we have in future.  I just believe that cryptocurrencies market is too good to be abandoned no matter how low the market go.

[bintangkejoraku]

in my opinion, investors who buy bitcoin above $ 3k won't sell their bitcoin under $ 3k, they should know if investment is inseparable from patience. you have to believe if patience will make things better.

[Kimi80]

I can see pessimistic AND optimistic comments about bitcoin price and its future. I believe that point of complete quitting is individual and varying from person to person. I do not think about quitting too even if bitcoin price goes under four digits. From financial point of view, three digit value could mean that it is really good moment for more investment.

[andohyeb]

I don't see any quick point in the use of bitcoins thought the price will not be in my favor , but as long as miner continue to mine and become serve it main purpose as peer to peer payment syste, no turning back on bitcoins.

[coinluisa]

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.

Well its depends to every crypto user how and what they want to exit because some of people in crypto is grabbing the opportunity even the market is on down situation so I think even the bitcoin go to 1k many people will grab it unless to the people who buy in higher price before that suffering of losses.

[hubballi]

After entering the crypto currency world, i dont think that anyone will try to quit forever, it is only that book profit and reenter in low. I do daily trading with profit margin of 1 to 4% for each trade. Which is why in long term my purchase price of bitcoin is low

[South Park]

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.

For me its a thousand dollars. If bitcoin ever reaches a thousand dollars I will sell all my coins and just leave the bitcoin market for good, that is too much of a loss to keep going and I would rather make my income from something else. It would kill all my income and I wouldn't be capable of paying my bills if that happened. Even right now I am looking for a more "real" way to make money instead of keep working in bitcoin industry forever, if I am doing it at 3 thousand dollar or so, I will definitely move to that when it reaches a thousand dollars. However, I doubt it will ever reach that type of price again, even 3.5 thousand dollars was met with a shock and people bought up bitcoin (whales specially) because everyone believed this was a temporary deal.

The market of cryptocurrencies is not that really well developed so it can allow us to get stable profits out of it, when it comes to bitcoin it seems to be an all or nothing kind of deal, you either get huge profits or you lose it all and selling your coins for a low price seems to me like the fast way of becoming one of those that get huge losses.

[fabiorem]

There is no quit point. I'm already below the water, so there is no point in selling it. Suicide seems a better option than surrender.

However, I will sell when we reach something around 35k, but it will be very small fractions, just to cover daily expenses.

[Baby Dragon]

Whatever will be the price of bitcoin I will not quit and I will never quit. I do believe that once you quit you just waste an opportunity to become rich in the near future. No matter what happen to the price of bitcoin I will never quit because I know it will help me to have better future.

[bitbunnny]

I don't have a quit point.
I'm with Bitcoin for a five years now and I've seen better but also worse time so I don't have intention to give up. Also, Bitcoin isn't for me only the value of price and profit but also a way of life.
I beleive there are more similar users like me who have the similar view on whole situation so Bitcoin will not lose all supporters.

[Lucius]

I guess most people are oriented at the point where they invested in BTC, so if you invest at 1000$ price there is still time to take some steps. There are also others who buy above 10k $ level, and they are in tricky situation (if they have not already sold it), for them is only question : Is it better to sold now, or risk to lose even more?

Based on a short history of BTC it can be assumed that even after this turbulent period we can expect some new exciting years as it was 2017. The key is in patience and strategy, weak will give up and strong will be rewarded.

I personally have no quit point, why should I worried because BTC is today 3000$ or because it can go down even lower? I belive in BTC for a long term, and if it fails for some reason it will not be the first or the last thing that failed in life.

[gabmen]

I don't have a quit point.
I'm with Bitcoin for a five years now and I've seen better but also worse time so I don't have intention to give up. Also, Bitcoin isn't for me only the value of price and profit but also a way of life.
I beleive there are more similar users like me who have the similar view on whole situation so Bitcoin will not lose all supporters.

Spot on. I don't think all btc users see it only as a short term money making tool. With the way things are going today, obviously it's not lol. But i'm in for the long until probably btc becomes really stable and can be used as a transactional tool without hesitation.

[harapan]

everyone has a different opinion, but if indeed later the BTC price will only be 3 digits. I personally will also think again to continue investing.
I don't want to waste time.

[sheenshane]

everyone has a different opinion, but if indeed later the BTC price will only be 3 digits. I personally will also think again to continue investing.
I don't want to waste time.

That's right, you are not a real crypto enthusiast if you are going to quit in holding crypto. So, in quitting have you back your losses? Probably not, you could not find your profit if you are going quit, just have patience in waiting for the right time when a market will back to the normal situation.

[Cherylstar86]

I don't have a quit point.
I'm with Bitcoin for a five years now and I've seen better but also worse time so I don't have intention to give up. Also, Bitcoin isn't for me only the value of price and profit but also a way of life.
I believe there are more similar users like me who have the similar view on whole situation so Bitcoin will not lose all supporters.

Spot on. I don't think all btc users see it only as a short term money making tool. With the way things are going today, obviously it's not lol. But i'm in for the long until probably btc becomes really stable and can be used as a transactional tool without hesitation.

I don't have a quit point no matter as to where it will bring me because I trust its potential and I believe that Bitcoin can certainly recover from crash. It's a never surprising trend, it has been its nature, it's very unpredictable and all we need to do is to be patient and trust the process. Market is not always at its best, we must deal with it constructively, but we should also remember that worst things won't last for a lifetime, there's still a chance and a perfect time for the market to recover. I thinks that it's a market reset and everything will be back on track at the course of time. Never lose hope and patience.

[ancafe]

everyone has a different opinion, but if indeed later the BTC price will only be 3 digits. I personally will also think again to continue investing.
I don't want to waste time.

That's right, you are not a real crypto enthusiast if you are going to quit in holding crypto. So, in quitting have you back your losses? Probably not, you could not find your profit if you are going quit, just have patience in waiting for the right time when a market will back to the normal situation.

so far I have only seen people holding their assets waiting for prices to return to normal. however, I think it is quite difficult to invest now without looking at possible prices. well, but you're right, everyone has a different view from this, because each risk is borne by each. I also feel that prices will rise soon, but there is still no courage to invest.

[Pumapipa]

You really cannot blame those people commenting pessimistic remarks about the value of bitcoin, they too have lost w huge amount of money (I'm guessing). It Really came in as a shock to everyone that bitcoin will spiral down before the year ends. A complete opposite of what had happened last year in which bitcoin almost toouched $20,000.
Personally, if bitcoin will continue to behave like this, my quit price will be at $1000 to sell and $500 to buy. I am still believing in the advocacy of BTC though.

[ChinkyEyes]

I entered this ship knowing full well what the risks were. So I never invested more than I was willing to lose. I burned the lifeboats and I will ride this b*tch to below zero. By then the price is so low I cannot even sell even if I wanted to.