What you'll do when BTC price will go down heavily and fast?

[cyriljundos]

assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?

i will probably convert it to the most stable alternative coin so that my bitcoin satoshi will not decrease its value. assuming that bitcoin in 2017 price is low at that time still i will do trade it in alternative coin to gain profit. it also depends on the current flow of graphs on how you deal with it as as you gain it will be good for you.

[XavierHunt]

ETH Seems to be a viable option to jump into. Lots of hype still surround the coin given that we still have phases of eth 2 release. And if it delivers with all of its promises and be widely adopted like its predecessor, the platform (and the coin) might go places.

[abel1337]

I will just keep hodling it I think, If I see that bitcoin is not worth selling I will probably hodl it until I see the price I am comfortable with. I sold some of my bitcoin at the range of 34-38k and I'm happy with it, Maybe I should wait for a time that it will happen again if bitcoin gave us a massive dump.

[TheUltraElite]

i will probably convert it to the most stable alternative coin

Those adjectives are inappropriate. There is always a problem inherent to the stable- part of the altcoin. Most altcoins that have become stablecoins have had to do some trade-offs to keep their coin's price stable. Though using them is not a bad thing.

so that my bitcoin satoshi will not decrease its value.

You are pegging the value to USD. The value of 1BTC is 1BTC always, what changes is the dollar cost of that 1BTC that varies with time. You cant stop that from happening.

assuming that bitcoin in 2017 price is low at that time still i will do trade it in alternative coin to gain profit. it also depends on the current flow of graphs on how you deal with it as as you gain it will be good for you.

I understand your point, but stablecoin came in existance or popularity after the 2017 pump and only when the dump happened because the owners of these coins promoted them to be "safe from market volatity" - which is a half-truth to start with.

IMO, you can hold stablecoins for short periods only. Think of using them as a necessary evil.

[Pamadar]

I will just keep hodling it I think, If I see that bitcoin is not worth selling I will probably hodl it until I see the price I am comfortable with. I sold some of my bitcoin at the range of 34-38k and I'm happy with it, Maybe I should wait for a time that it will happen again if bitcoin gave us a massive dump.

If your  remaining Bitcoin are lready been treated as spare assets.

Then continue holding is th best option, we already witness how high the value can go, once this corrections has been overcome and another bounce up happened, for sure the value will more higher than the last time high. No need to panic if you wanted not to lose your investment keep being calm and wait for the right time.

[Renampun]

*remember the slogan 'buy the dip'. I will definitely buy when the Bitcoin price drops dramatically...
The drastic drop in Bitcoin price is a moment that will very rarely happen in the future, the Bitcoin holders have made the Bitcoin price hold as strong as it is today.

[dunfida]

*remember the slogan 'buy the dip'. I will definitely buy when the Bitcoin price drops dramatically...
The drastic drop in Bitcoin price is a moment that will very rarely happen in the future, the Bitcoin holders have made the Bitcoin price hold as strong as it is today.

Easy to say but not would really be applicable for everyone because not all will really be that willing on buying out something or bitcoin directly if they do saw that the price is crashing.
For those who do have some risk taking mindset fella then they would definitely do the same but for those who had think off that it might not able to recover ahead then they wouldnt
really just carelessly taking away those kind of suggestions or deal.This isnt really something that you can really just buy when it dips because there are lots of factors that
would be needed to be check first rather than buying into something without even knowing if you do able to hit it up or had just totally pass by.

[darewaller]

when you see the cryptocurrency price collapsing instantly then you can take advantage of that opportunity to buy as much as you can, but if you are stuck at a high price then all you have to do is stay calm and don't get influenced to sell it at a low price because it will only make you lose, the price of cryptocurrency will always go up and down so keep waiting until the price goes up again so you don't regret it someday for selling it at a cheap price.

You can buy as much as you can of a coin that you think will be doing great in the future, not the ones that could suck and be very bad, that is an important decisive matter. For example, XRP is a very high ranked, recently third now fifth ranked big coin right? Well that doesn't mean that it is doing awesome right now, but I still wouldn't be investing into it, is it low?

Yeah compared to others its low, did we say we should get in as much as we can to a promising coin that is low? Yes we agreed on that, why am I not investing into XRP which is in exactly that position? Because I do not see a future in XRP, maybe I am making a short term mistake where XRP could go higher soon but I do not see a 5-10 year future for XRP which is why I am not investing. So find the ones you think would be valued well and invest into those if you want to profit big time.

[fahmimajannat]

I will wait and invest some cash to in to balance the average price. So it will be much profitable.
But the moral is you have to hold. Holding is everything in crypto market most of the time.
So its better to hold.
We have seen that eth dropped to 89 from 1400 but now It's again up to 1400. So holding tokens never disappoint you.
Be confident while holding and think twice while selling.

[thesmallgod]

I think it is better to start thinking and making use of stop loss. If you will have to wait to do any of this thing you might end up losing more because bitcoin dump happen so fast so in that case you can minimize ur loss by converting into fiat however the challenge will be the extent to which the drop will be. Sometime, price drop rapidly because people take huge profit and rise back with time. When the price drop like this it creates a fear that make traders not to be sure of when to start trading again

[goldade]

Well, if you do really understand how bitcoin works, you'd know by now that the best thing to do in a situation when the price of bitcoinis going down fast and heavily is simply to do nothing. Just keep hodling.
If you've followed the trend for some years, you'd realized bitcoin always bounce back up. Let's take 2018 for example, there was a huge decline in the price of bitcoin from its ATH then of about $21k down to about $3k. Those who didn't panic-sell then are sure to make profits now that it's now worth over $32k.
I'm sure you now see my point.

[john_nautica]

assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?

Personally, I would choose to convert the BTC I have to stable coins. Or maybe convert some to flat whenever I gain decent profit. While continuously buying until it indicates that it is on peak and will start to crash soon. Then I will do my ways to secure what I have generated.

[error08]

assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?

Personally, I would choose to convert the BTC I have to stable coins. Or maybe convert some to flat whenever I gain decent profit. While continuously buying until it indicates that it is on peak and will start to crash soon. Then I will do my ways to secure what I have generated.

Most people will do the same, that's why the snowball effect happens, hence the market crash continues to pull the price gradually decline over time. The only problem is we don't know whether the price will rebound or won't recover, for people who sell at the peak have earned the profit to buy back but for people who miss the opportunity to sell, the majority will wait for the price to rebound which doesn't happen then they sell at a lower price at loss.

[hahay]

Just going to continue to hold or cut losses immediately by selling fast as well at least that is what I usually do when selling late, but it would be better to hold because I think that is the best way because next will make long term plans. Converting it to a stable coin I didn't think it would be good, because after all Bitcoin is the king which is very likely to jump higher the fast way too and that was a surprise.

[SquallLeonhart]

I think it is better to start thinking and making use of stop loss. If you will have to wait to do any of this thing you might end up losing more because bitcoin dump happen so fast so in that case you can minimize ur loss by converting into fiat however the challenge will be the extent to which the drop will be. Sometime, price drop rapidly because people take huge profit and rise back with time. When the price drop like this it creates a fear that make traders not to be sure of when to start trading again

It is better to have stop loss at any point. Sure you could have a bit more lax stop loss when we are in a bull run, considering it like this, if you bought bitcoin at 10k and price peaked over 20k you could have a stop loss at 15k and still make 50% profit, if it goes over 30k and you put it on 20k that means you could profit double even when it falls down big. So, basically on a bull run putting a stop loss is easy but it should be done nevertheless because that is how it should be.

On a correction, or stable price, or a crash you should have a stop loss even more importantly, because that would be the number one thing that would make your situation better. If you bought at 30k for example, have it at around 28k or so in order to save yourself from a huge fall when that happens, if that doesn't happen your stop loss would be useless and that's fine, but if it happens you would be happy about it.

[john_nautica]

assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?

Personally, I would choose to convert the BTC I have to stable coins. Or maybe convert some to flat whenever I gain decent profit. While continuously buying until it indicates that it is on peak and will start to crash soon. Then I will do my ways to secure what I have generated.

Most people will do the same, that's why the snowball effect happens, hence the market crash continues to pull the price gradually decline over time. The only problem is we don't know whether the price will rebound or won't recover, for people who sell at the peak have earned the profit to buy back but for people who miss the opportunity to sell, the majority will wait for the price to rebound which doesn't happen then they sell at a lower price at loss.

You’re right. For long, I am one of those enthusiasts who always missed the opportunity to sell as I wasn’t used to the trend in the price movements. I know that it may not be that sustainable selling on its peak since it caused crashes, but I still do as I see that it is how the market works. And I had to go by.

[MrBDavies]

I highly think thats not possible with the current price for BTC and what remains to be seen is if Bitcoin will indeed become less volatile and live up to the hopes of Scaramucci, Saylor and others who see the cryptocurrency becoming a new-age safe-haven asset.

But there's a reason why there are stablecoins in the industry, I think stablecoins will be my sanctuary if BTC decides to go south.

Bitcoin’s positive track record for long-term appreciation has been a driver of interest from institutions, and they're typically long term holders so I guess I can consider them as my signal to sell.

[buwaytress]

It is a normal practice to convert to a stable coin and rebuy later when you believe it is about regaining grounds for an upward trend. This is what most people do to increase their amount of bitcoin.

Normal for you is certainly not normal for other Bitcoin users, speaking for myself anyway. I know it is probably the smart thing to do, preserve dollar value at a high and buy back at dips but since I can't afford to spend any more time than I already do on Bitcoin, I can't bring myself to convert to trader mentality... I am happy regularly holding and adding by dollar cost average.

Besides, all the traders who eventually lose during a bear or when caught by rallies only serve to strengthen my conviction that trading is not worth it when you're not set up to be anything else than a casual investor.

Bet you wouldn't be able to show you've done it successfully over the long term, now, would you?

[zanezane]

I'm just continue to hold my BTC and I have trust with BTC if the time will come like this. Its not possible but also its not possible that it will recover immediately. I will buy more BTC if the price really goes heavily down. Its one great opportunity to buy again until it back to the price it should be. Probably a lot of people will get panic and sell their BTC but I will not. For me, holding is the best option rather than selling at low price. 

I would do the same because I do not have that much amount of bitcoin being hodled in the first place, the storm happens but we always know that it will end, how many times does it need for us to completely trust the power of bitcoin, in fact, this downtrend is an opportunity for many to buy bitcoin at a lower price and hodl to profit. Trading will be a different case because traders has bitcoin as their main source of income. I am surprised that the poll has convert to fiat at third, I was expecting it to be around the last place but I guess that's people's perspective for you, they really are differing and that is interesting.

[coolcoinz]

I'd never choose to convert to altcoins in such case. Altcoins would go down even deeper if Bitcoin lead the way. I'd also stay away from stablecoins. It's possible these will one day be the  cause of a big market crash. For late investors the smartest move would be to go back to fiat to save themselves from losses. For a long time holder like me it would have to drop down below 1k to make me scared. I'd most likely keep holding until the end.