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

[Silberman]

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

Even if this does not happen this month and important correction is needed since the price has grown significantly during the last months, I really think that this time around the crash can be even larger than last time, a great deal of institutional investors despite their claims are invested in bitcoin just to get profits, so if bitcoin begins to go down they will sell and many people knowing what happened in 2017 are not going to remain still and will sell as well generating an impressive flash crash in the process.

[nelson4lov]

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

As a trader, the goal is always to preserve the value of your capital and funds at all times. Here's how I'll handle the situation in case Bitcoin BTC goes the wrong way:

- Convert my funds to a stablecoin (eg: USDT)
- Wait till Bitcoin drops to a considerate amount
- Buy back in and end up with more BTC value than before.
- Keep DCA (Dollar cost average) if it continues to go down.

If anyone waits for Bitcoin to pump and then watch it go down too, then; it's safe to say he/she is an investor rather than a trader. Leaving it and not selling the top to buy again when it's lower means you're leaving money on the table and might not get so much out of the recent Bitcoin growth.

[dunfida]

For sure the recent correction where the price had gone down back in 29k where people had presumed already that this one is already the dump where some people been waiting.  

What i had done? I have already sold out my coins when it was still in 34 or 33k in price and waited for some pullback and it did really happen.It might not really be that too deep as anticipated
but i do able to buyback when it hits up in 29k which is a nice entry point.

If you do look at on the current price then that was a 2k in profits in a short span of time.Im an active trader most of the time and thats the beauty when your gut tell
you on when to enter and of course it will be corresponding into your own knowledge.

[jerry0]

But those of you who have btc and bought more... don't you only want btc to go down if you want to buy more?  Then again if you already have a lot of btc, wouldn't you want the btc price is go up?



Its like if you have little btc and want more... obviously you want price to go down so you can buy more.  But if you have enough btc... then obviously you want btc price to only go up.  But what about if you have btc but want to buy ... but still hold btc?  Its like okay go down in price when i want to buy... but don't go too down?  Or that doesn't matter if you are long term holding?

[JooBra]

But those of you who have btc and bought more... don't you only want btc to go down if you want to buy more?  Then again if you already have a lot of btc, wouldn't you want the btc price is go up?



Its like if you have little btc and want more... obviously you want price to go down so you can buy more.  But if you have enough btc... then obviously you want btc price to only go up.  But what about if you have btc but want to buy ... but still hold btc?  Its like okay go down in price when i want to buy... but don't go too down?  Or that doesn't matter if you are long term holding?

It all depends what is your idea of BTC and where you think it will go. If you think it will go to 100k its more or less same to buy yesterday or today. But if you look on less profit then you look on graphs and you can get pretty good idea when to buy...

[crzy]

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

I sold already and I will buy when I see the opportunity to have Bitcoin at a cheaper price, I know this is going to happen its just a matter of time. Don’t over confident with Bitcoin, what goes up will go down soon so the correction is inevitable as well with Bitcoin. Make a strategy now and save some funds so you can buy more Bitcoin when it becomes cheap again.

[DarkDays]

It is interesting to see how much people's perspective about BTC has changed in the past few weeks. It was surprising to see that most people feel strong about BTC and they'd be willing to hold it through good n' bad.

The one thing I would not do for sure is convert it to fiat. You will always need crypto to buy more crypto, you can't be in only for the ups, you'll miss a lot of opportunities.

[Shasha80]

If history repeats itself like 2017/2018, the price of Bitcoin will eventually fall very quickly. What I do as quickly as possible convert to stable coins,
after that wait until Bitcoin has dropped really deep. I will start buying back Bitcoin, because in my experience if we keep holding and don't
do anything it will take a long time for our losses to recover. Meanwhile, if we convert to fiat, we will accidentally use it to buy something, let alone
convert to altcoins where the losses will be even greater.

[TheUltraElite]

It all depends what is your idea of BTC and where you think it will go. If you think it will go to 100k its more or less same to buy yesterday or today. But if you look on less profit then you look on graphs and you can get pretty good idea when to buy...

100k is out of the realistic spectrum for now. Current price saw a downtrend from 34k to 30k - thats is a heavy resistance and selling pressure. The more realistic target would be the 35k USD provided the current floor pricing holds at 30k.

Making unrealistic claims to bitcoin price and holding till that is reached is being stubborn. 100k will take a long time to achieve and hold even with this bullrun - because when the bear run starts we dont know how low it will go and trust me, bear run will happen with time.

Hence you must sell at a 10% or so gains range. Then buy back at bear markets. This is not a hit and run game but a continuous grind.

[ethereumhunter]

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

If that happens, I will not panic and trying to calm down. I will buy more satoshi at a low price, and I am sure that I can get more amount in satoshi. Before that happens, I am sure the price will hit the highest price, which can help us sell some satoshi to prepare the price drops. If we can have more money, we will be able to buy many satoshi and hold it back again until the price can increase higher.

[bakasabo]

I see two options here. 1) exchange part of bitcoins into stable coins or fiat just to hold or at least "feel" that you have earned 2) just hold. Price historical chart might be a good proof that everything returns to ATH and grows further.

I'm a new guy in cryptocurrency world. I'm here since 2017. I've seen how the price went up to $20k and jumped in that train, saw how it went down to <$4k. Now I observe how it updates ATH. I'm more concerned that if price goes down heavily, it will recover in few years.

[Yatsan]

If ever such thing will happen again just like the scenario after the bull run in 2017-2018, I will still keep on holding into my Bitcoin since I have another source of income on my part so it won't be a cause of problem or panic but still I am considering to convert some into stable coins for a while and some parts to be taken into hold and since I have other source of income, I would spend some from my salary to buy more Bitcoin at a lower or cheaper price for we have been into many ups and downs and see Bitcoin undergo recovery so I would just be still and trust the process and take opportunity and advantage of the scenario to acquire more possible Bitcoin I can have to hold them until price recovers to gain profit from it.

[Janation]

It is not on the options.

I am saving some of my salaries for that and if ever, let's say it actually happens and drop to that point; obviously, I will be reinvesting. With the recoveries that happened in the history of Bitcoin, we should know that the lower the price drops, the higher it will come back giving us more profits in the process. Buy low sell/hold high.

[darewaller]

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

I think it is not going to be that difficult to actually get out, but wait out would be easier as well. Last time bitcoin reached 20k, there weren't really that many people who bought there, but even worse, we went to 3k, there were tons of people who bought over 3k, so everyone lost money, only very early birds didn't.

However this time around, the price went over 20k very quickly, we were all here before 20k, it was a loooong time before we broke over 20k, and we could say that even if it crashes to 20k, we are going to be fine, and if it stays above 10k+ there are tons of people who would be fine as well. So long story short I think people will be fine even if the price of bitcoin suddenly crashed and we will not have to do anything radical neither. I am not afraid honestly, it can drop to 13k and I would still be fine, which I doubt it would fall.

[Insanerman]

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

Have you ever heard of stop loss? If you ever had your BTC from 30K upto its above price, you should stop loss at 30K as well, same applies as to those who had it from 30K below, in which you would just take the profit and then return/buy on the dips. But honestly with the current uptrend and huge whales continuously coming to the crypto market, it is really impossible to break the support or half the current ATH. So selling it isn't really a good idea now, but accumulating is the best and safest way, whereas it is inevitable that the BTC would soon reach for maybe 1 USD per sat. Too impossible? Well think again.

[AakZaki]

Taking advantage when it reaches the highest ATH is now the choice I make. Convert to fiat and hold a few percent for prep when prices start getting high again. Converting to Fiat would secure my advantage. I've reached the target I wanted and that's enough. and when the price of bitcoin starts to fall I will buy it again when the price really drops. the 2017-2018 bearish cycle warns me that there will still be more shocks to wait and be patient. Better to take advantage of the targets that have been achieved than and that's enough, don't be too greedy.

[PhoenixZephyrus]

I think I'll actually keep holding, as if previous history is anything to go by, the price comes back up in a couple of years' worth of time. And selling recklessly isnt a good idea, as I've learnt firsthand lol. As blockchain technology is implemented in more mainstream uses, I believe that more people will get to know about bitcoin and thus as interest increases, its value will someday go back up, due to the limited supply.

As you can see from the graph below, search trends spikes in Google also correspond to price hike of bitcoin, and that just shows that more the people get to know, more is the benefit in long term for all of us, as strong market emotion towards bitcoin directly correlates to how its price changes.

[blckhawk]

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

Perhaps I might just do like what I had done before like buying at a cheap price. However, this also depends on my entry point, if I enter the market near its peak price then I might just hold it until the next rally because it will be a big loss if I will sell it right away so better if I hold it. If I enter a good spot where I already have a profit then I might just liquidate it and buy it again if it falls really hard. I won't place it into some altcoins because most of the altcoins are just following the track of Bitcoin, if it falls and so do the alts( Not entirely though because there are still some alts can be pretty good too).

[Ridwan Fauzi]

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

I'll look for some factor first which can make bitcoin price drop heavily. Panic selling should be accompanied by the factor not just following what other people do. We have seen many situation when bitcoin drop heavily then we will just in a few time its price will break the previous resistance, and make many people/trader regretted what have done by them. Exactly, I'll just intrust to the fundamental factor to assess that the uptrend market is end or just a decresing price is a correction only. So, technical analyst and fundamental analyst should be used simultaneously, either you are day trader, swing trader, or investor.

[Cling18]

I'll take it as another opportunity to buy and accumulate more again. We should take every market situation as an opportunity to earn instead of panicking. I'll also buy altcoins since the altcoin season will surely approach right after the ATH of Bitcoin. We shouldn't end things in selling but rather think of new ways to earn through investing again.