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

[Igebotz]

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

Still what I'm doing with it in 2021 BUY, SELL, USE, HODL. bitcoin is a currency and currency are meant to be spent, I remember Jan 2017 BTC was $927+ so if this opportunity repeat itself I think some of us are going to get more BTC and some of us are going to get broke imagine buying btc @ $32k and boom!! BTC crashed to 2017-2018 price of $927+ -$3k many businesses would crash also.

[Hamphser]

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

Still what I'm doing with it in 2021 BUY, SELL, USE, HODL. bitcoin is a currency and currency are meant to be spent, I remember Jan 2017 BTC was $927+ so if this opportunity repeat itself I think some of us are going to get more BTC and some of us are going to get broke imagine buying btc @ $32k and boom!! BTC crashed to 2017-2018 price of $927+ -$3k many businesses would crash also.

It all matters on how much risk you can put on and on what you do really need.It is really need to be spent but not all would really be willing on doing that
specially that they do know its potential when it comes to future prices thats why they do end up on holding up instead.
On the question on what would i do in this kind of situation? I would really make out some conversions to fiat and then buying up again when
i do saw if the price is really just right for me to get in.Its hard but this one will really be depending on someones experience and capability.

[Silberman]

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.

I do not think an altcoin season is going to happen right now, it is true that altcoins move more easily than bitcoin due to their lower market caps but the interest in bitcoin is so high right now that who in his right mind is going to exchange their fiat, stable coins or their bitcoin for altcoins that have been underperforming bitcoin for most of this movement? Altcoins had their turn during the past year, now it is the turn of bitcoin to grow and reach new heights.

[Ryker1]

I

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.

Well, that is right. Actually, there are two different people in cryptocurrency, one is the smart accumulator, and the other one waiting to cut the profit.
Those who had capital are waiting to accumulate if there is a downtrend but they will perhaps be sad if the price of bitcoin will rise. On the other hand, bitcoin seller, sell after they saw that their profit slowly melting due to the price incline. Holders should always think that bitcoin is good for holding long term, not for the short one, if you really want to make a good profit, you can start monitoring the market and watch when it will happen again.

[MCobian]

This is the reason why USDT has a higher volume than Bitcoin, because many people convert to stable coins to save the money they have when
Bitcoin suddenly drops. Then we can buy back Bitcoin when the Bitcoin price has reached a low price, I even often save my profit when trading
on stable coins. Because for me, saving money in stable coins can avoid a volatile market, so if I trade Bitcoin and altcoins I always use stable coin
pairing.

[TheUltraElite]

Currently, I don't have bitcoin on my holdings as I sold it early. If bitcoin goes down really fast then I will wait for it to be stable and then I will buy from there. Too scared to get caught in the hype now that bitcoin is almost at 40k.

It is normal to hold back from buying at this price. Indeed entering the market at wrong prices means having to suffer when not being able to sell at even higher price. It can happen that you might buy at 40k and sell at 45k but truly the >40k USD has not be achieved yet which makes it a more risky thing to bet on.

There are chances of bitcoin price falling as well on which case one needs to be ready to buy again. However the support levels for the new ATH have not been tested yet.

[Mpamaegbu]

Other:
That for me would be to sell (it won't necessarily be at the peak (for no one knows that) and then rebuy at intervals when there are signs of exhaustion to the downside, judging from technical analysis.

...and sell some towards the bottom again

But if you knew a bottom would come why would you not sell off before then? Well, it goes to explain that we all are mere speculators in this game. Even the early adopters can't say till date that they knew Bitcoin would be this valuable. This is the interesting part as the idea of Bitcoin keeps everyone on their toes. Who would've thought Bitcoin would see this phenomenal rise at a time like now that the world is in a big health & financial mess?

[poodle63]

I would spread my wealth to USDT, USDC or any reputable coins out there then cash out safely because in this scenario I could catch the glimpse of massive dumping otherwise I'd weep my tears because at such high rate and if it's to get dumped without me knowing I'd definitely missed the sky high profit.
But, I'd definitely set an alarm at certain price point just incase because always watching the market is not really my thing and will only makes me stressed out, moreover there's bot that automatically sell if the market got dumped.

[traderethereum]

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

If I am late to sell my bitcoin at the highest price, I will still buy more bitcoin because bitcoin is at a big discount if it repeats.
I can do that while I now have money to buy many bitcoin because I already sold my bitcoin.
It is hard to see if bitcoin will be back to the lowest price like what we saw before, but that could be possible.
If I can have many bitcoin, I will use them for trading and holding the bitcoin. With trading, I can increase my bitcoin amount more than what I have.

[KillHawk8]

I would spread my wealth to USDT, USDC or any reputable coins out there then cash out safely because in this scenario I could catch the glimpse of massive dumping otherwise I'd weep my tears because at such high rate and if it's to get dumped without me knowing I'd definitely missed the sky high profit.
But, I'd definitely set an alarm at certain price point just incase because always watching the market is not really my thing and will only makes me stressed out, moreover there's bot that automatically sell if the market got dumped.

USDT is getting sued .

https://news.bitcoin.com/tethers-stablecoin-dominance-drops-below-80-as-audit-controversy-lingers-on-on/

[Kong Hey Pakboy]

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

When bitcoin's price goes down heavily, the same as what happened in 2017 and 2018, I will hold my remaining bitcoin and waiting for its price to recover, and I will grab the opportunity to rebuy bitcoin while its price is low. Instead of panic selling, it would be terrible if I am already accepting the massive amount of losses, so it is better to take every chance than to escape it.

[JeffBrad12]

Convert it into a stable coin, waiting for the price of bitcoin to reach the bottom, and then try to buy back again. it's simple as that. I don't wanna only holding my bitcoin but i wanna try to get more bitcoin from my trades.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.

[el kaka22]

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.

I honestly believe people who do DCA will not really care about the price at all. I am happy that the price went high, for the first time ever I am not leaving anything to luck and doing something with strategy and it makes me feel better. Don't get me wrong I was one of the lucky ones who sold his coins at 18k+ btc back in 2017 peak time as well, but that was literally just one move that I did on the right time, but it wasn't a big amount and I got like 700 dollars, that's it, and obviously that was nothing.

Now however I have been putting my savings into bitcoin each month instead of going all in, that way I have been collecting bitcoin from almost all price points you may have seen, and it is profitable, with this notion I believe price can go back to 7k and I would still be happy, I know that I will profit in the end no matter what happens.

[Zanab247]

Nothing, keep holding will be the solution.
When the price of bitcoin went down unexpectedly in 2018, I keep holding my coins, until the price of bitcoin change positively to my satisfaction before I release them. With this season we are now, many customers are waiting for the price to decrease for them to buy and hold for future profit purpose.
Many people that hold their coins when the price of bitcoin fell in 2019, they got a massive smile when the price of bitcoin increase to $40k in 2021 before they release them to market.

[TheUltraElite]

Nothing, keep holding will be the solution.
When the price of bitcoin went down unexpectedly in 2018, I keep holding my coins, until the price of bitcoin change positively to my satisfaction before I release them.

The price got stuck at 6k USD for a long time. How did you even manage to sell at that price considering you bought at higher or even if bought at lower you missed an opportunity to make a bigger profit. Try not to use the "grapes are sour" statements to nurse your wounds. You missed a big point to buy when bitcoin dropped.

Many people that hold their coins when the price of bitcoin fell in 2019, they got a massive smile when the price of bitcoin increase to $40k in 2021 before they release them to market.

But only if they sold at the proper time. Currently the selling pressure has taken over and bitcoin dropped to 34k USD. 40k USD was touched and could not be held for long after briefly reaching 41k. While it might be pleasing to watch such prices the fact that they did not sell at the point means they lost this cycle's profitability.

[dre1982]

Convert it into a stable coin, waiting for the price of bitcoin to reach the bottom, and then try to buy back again. it's simple as that. I don't wanna only holding my bitcoin but i wanna try to get more bitcoin from my trades.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.

We can see what people are doing right at this moment. I think we just started a huge correction.

Converting to a stable coin could help a lot. Just buy bitcoin back when this is all over.

[Nhazwrath]

Nothing at all.  I will continue to mine it and hold since at this point is doesn't even cost me electricity on my old ASIC (free power location).  im also quite late to this game since I ignored crypto up until the big boys decided it was worth something.  The volatility doesn't bother me at all.  as i write this its dropped like 7kCAD in a day. people taking the money off the table prob.  tomorrow itll prolly jump again as they reinvest

[Lanatsa]

Convert it into a stable coin, waiting for the price of bitcoin to reach the bottom, and then try to buy back again. it's simple as that. I don't wanna only holding my bitcoin but i wanna try to get more bitcoin from my trades.
We will see what will be happening with bitcoin started from the next month.
The bearish trend that's happening a few years ago started in February.

We can see what people are doing right at this moment. I think we just started a huge correction.

Converting to a stable coin could help a lot. Just buy bitcoin back when this is all over.

How to know when its over? Some had already the impression that this might be a dead cat bounce but now we are seeing that price is stabilizing again in 34k at this moment.

It is really fast for the price to drop in last hours where I do presume that lots had panicked on that time and sorry for those who panic sell.

This is one of the things what makes it hard where we don't know on where the price could possibly dump.

[cryptolord2077]

Literally before our eyes, the question asked in this topic was realized. Bitcoin plunged $ 10,000 down, which means a lot of people have a story to tell.
Namely, how they behaved during this downward movement. Personally, I managed to transfer bts to usdt at a price of 40,500, just before the fall.

[Xxmodded]

I think when BTC price will go down heavily and fast I will buy back and keep believe will get much profit because have chance to but bitcoin with lower price, I know many people claimed me as crazy because wanna get big risk by investing on bitcoin during have lower price, how come your mind always buy bitcoin when reach higher price then when you will sell and always bitcoin keep higher price? I think no and good chance buy bitcoin during have lower price then when bitcoin up you can sell. Looks simple if you understand with bitcoin price and never make you panic for buying when bitcoin have reach higher price.