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

[Xxmodded]

Many trader get panic moment and bad information have to believe so their loss opportunity to get much profit with selling bitcoin on higher price, before bitcoin going above $40k many investor believe with bad news when MGTOX exchange market refund more than 15k bitcoin fund to their member, but just fake news there not refund balance and many investor have sold their bitcoin with lower price, now many people get bad news with on 20th January will get terrible price for bitcoin but I think never believe with fake news because they wanna make you panic and selling bitcoin with lower price.

[taufik123]

Many trader get panic moment and bad information have to believe so their loss opportunity to get much profit with selling bitcoin on higher price, before bitcoin going above $40k many investor believe with bad news when MGTOX exchange market refund more than 15k bitcoin fund to their member, but just fake news there not refund balance and many investor have sold their bitcoin with lower price, now many people get bad news with on 20th January will get terrible price for bitcoin but I think never believe with fake news because they wanna make you panic and selling bitcoin with lower price.

News like that is only FUD that is actually being spread to create panic and people start selling it for fear that Bitcoin will continue to fall. But in the end Bitcoin was able to go up to $ 40k in just a few days. After the FUD is successfully deployed and the price drops, it is time to make positive news about bitcoin which will cause the tremendous FOMO to push the bitcoin price back up and reach a new ATH.
Many market manipulations are carried out by several groups for their own interests, we as traders or investors must also be vigilant and have a strategy to deal with such incidents.

[Issa56]

When bitcoin price is pumping people FOMO, and when the price is dumping some people endup holding it why some people end up selling it off due to fear, why some people end up selling and buying back when the price is already very low. Currently bitcoin price is increasing massively, but If the price dump massively I will definitely sell off and convert my fund to a stable coin and later buy back when is dump already and I will hold.

[Kittygalore]

Keep holding is better than have sell with lower price because I think bitcoin always have bigger chance back to higher price and not worry for investing and keep holding bitcoin or altcoin. I think during bitcoin have lower price have many bigger investor wanna buy back bitcoin and they wanna get more profit after bitcoin pass correction price and going up, maybe many time bitcoin success pass correction price with higher price more than 20x before correction.

I think that at this year, it will be different so I have to agree with your strategy, back then there are little to no institutional investors that are buying boatloads of bitcoin, fast forward to the present, Grayscale, Microstrategy and other similar companies are buying tons of bitcoin and as we all know with the rule of supply and demand, price will go up as soon as the supply drops. This dips in prices are just a temporary down in prices, remember that many believes that 100k will be hit this year and bitcoin has been evidently proving itself doing some say impossible.

[fullhdpixel]

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

People will obviously not be super hyped about a crash if it goes down there, if the price crashed and went down, that literally means people sold their coins, how could we try to look for answers?

I mean sure there will be a lot of people who will keep their coins, there is no doubt about that, but just because we are talking about some people holding, it doesn't matter the mathematically proven fact that in order for bitcoin price to fall, there needs to be a ton of coins sold on the market around the same time, so if the price crashed that means the answer of this question for many people is "sell my coins" because if they didn't sell their coins, the price wouldn't have gone down. I personally would keep mine, because I always keep mine, no matter if it goes up or down, but the market has decided to sell if the price is a lot lower.

[saffira]

Considering bitcoin as regular currency, I'd rather just hold it no matter how much the price is. At the time that I need it the most, I am converting with the current price.
In case that bitcoin price goes down heavily, I will grab the chance to buy more btc.

[Xxmodded]

Considering bitcoin as regular currency, I'd rather just hold it no matter how much the price is. At the time that I need it the most, I am converting with the current price.
In case that bitcoin price goes down heavily, I will grab the chance to buy more btc.

Most impact when have any country make regular bitcoin as currency payment will have two ways bitcoin become up price or down, I think today become new beginning with new president for United State and waiting what respond from Joe Bidden with bitcoin, he will give regular and allowed bitcoin as currency transaction and become give way for bitcoin to be higher price, but when Bidden give bad announcement with bitcoin just waiting for with correction, nice for waiting what his looking with  bitcoin good or not for adopting in transaction on United State.

[dunfida]

Considering bitcoin as regular currency, I'd rather just hold it no matter how much the price is. At the time that I need it the most, I am converting with the current price.
In case that bitcoin price goes down heavily, I will grab the chance to buy more btc.

Majority of us would really be concerning on where we do able to buy those coins and when we are in need then we would surely consider to sell when we are above it.
We cant just sell it off directly without seeing on where we do able to get in because that would typically means that you are selling in loss. When we do saw
sudden price decline then its really hard to say that we wont really be on panic because we are just humans which are emotional when it comes to this.
Most likely people do shook off and sell in negatives while others do able to stand out into their position and do accumulate when its cheap.

[error08]

Everyone knows what they need to do, as our perspective and goal may be different.
I'm not using bitcoin as a regular currency on daily basis but buy and sell according to necessity and urgency. If bitcoin is about to burst then sell all of it and waiting for the bottom to buyback, it will maximize the profit and could accumulate more bitcoin into my wallet for sure.

[Xxmodded]

Everyone knows what they need to do, as our perspective and goal may be different.
I'm not using bitcoin as a regular currency on daily basis but buy and sell according to necessity and urgency. If bitcoin is about to burst then sell all of it and waiting for the bottom to buyback, it will maximize the profit and could accumulate more bitcoin into my wallet for sure.

Buy when bitcoin down because this great chance how to get much profit, I am waiting when bitcoin and altcoin down because looks happy for seeing red market and get chance to buy with lower price, but when bitcoin raise up I think many investor looks happy but they don't know how to get chance when market up, I have opinion with buying bitcoin or altcoin when have red or lower price later sell after bitcoin reaching on green market then have higher price.

[lixer]

That is where the real use of stable coins comes in because I would simply convert my Bitcoins into USDT and wait for the market to stabilize. I would not do this if the fall is around 2-5k USD but of the drop happens massively like you assumed then yeah I would convert into USDT and buy a chunk of Bitcoins at a lower price once the market becomes stable and the drop has ended.

Knowledge about when to sell and buy is what makes one a good trader and I have learned enough about these swings in couple of years of my Bitcoin journey that I am able to react to such swings such that I end up in profit more often than not.

[MrMcKinney]

Converting to stable is definitely the safest thing to do, its not like BTC wont go back to this price.

[saffira]

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

Hold and wait, the best is yet to come.That is what I have learned. Learn to control yourself and don't panic. In every investment, patient is the key. In the time that btc has very low value, that is the time that I should have bought more.But it is ok, I believe history repeats.

[culuuton]

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

I will convert to stable coin or convert to altcoins, some altcoins usually get better after the bitcoin crash but everything has exceptions. Stable coin remains a safe storage channel to start a new cycle.

[bakasabo]

I will convert to stable coin or convert to altcoins, some altcoins usually get better after the bitcoin crash but everything has exceptions. Stable coin remains a safe storage channel to start a new cycle.

Safe storage as long as you follow all necessary security measures. I've seen many times how cryptocurrency holders forget, lose, get hacked while long term holding. To be able to convert Bitcoin to stable coins quickly, you need to hold it on exchange, or face fact of paying huge commission for quick transaction. While your transaction gets confirmed, the price can jump back and you will lose a lot on fee.

That is why my suggestion is to hold only part of balance on exchange (which is not safe at all) to be able quickly exchange it to stable coin or fiat. Or simply hold. History shows, that the price will get back with time.

[Wawa2013]

I always invest in Bitcoin using the money that I can afford to lose, so when Bitcoin goes down I don't do anything just keep holding.
Because from the start, I used money that was not for my daily needs, So it is very safe for me to HODL for a long time though. Because
based on the results of my research, Bitcoin includes coins that recover very quickly, so usually it won't take long to wait for the price
to go up again. It has even become a habit for me to buy Bitcoin again when the price drops, so when the Bitcoin price went up, I hope
can get a bigger profit.

[tvplus006]

Everyone knows what they need to do, as our perspective and goal may be different.
I'm not using bitcoin as a regular currency on daily basis but buy and sell according to necessity and urgency. If bitcoin is about to burst then sell all of it and waiting for the bottom to buyback, it will maximize the profit and could accumulate more bitcoin into my wallet for sure.

If you do not use a stop loss, then you will not have a chance to sell bitcoin in time, which can lose up to 30% of its value in price, as we saw earlier. But even after such a drop, BTC can quickly recover in price and continue its growth. Therefore, everyone should set a price for bitcoin at which they are ready to sell it and subsequently do not regret the decision.

[Godday]

I have created 2 Portfolios for investment as well as trading. of course when there is a rapid decline if it hasn't hit Stop Lose I won't sell it. I think everyone has Stop Losing there is no way they will panic with the decline whereas it is a natural thing in a changing trend. For investment in the long term, I prefer to leave behind these assets because this is for the long term and I don't care about the price dropping. precisely when it touches the support point I will buy it

[mardaed]

In my case, I have chosen to convert to stable coins as it is the best option in order to secure the value of your assets. But I will do this kind of scenario only if I can see that the market is starting to shift already from bull into bear but if in case it is only a temporary crash that will likely to recover again in a couple of days or months then I will change my strategy.

Either, I will continue to buy in every dip of btc price until hitting it will reach to it's peak of the crash. In this way, I can secure my profit once the bitcoin will start to increase it's price again.

[jostorres]

I always invest in Bitcoin using the money that I can afford to lose, so when Bitcoin goes down I don't do anything just keep holding.
Because from the start, I used money that was not for my daily needs, So it is very safe for me to HODL for a long time though. Because based on the results of my research, Bitcoin includes coins that recover very quickly, so usually it won't take long to wait for the price to go up again. It has even become a habit for me to buy Bitcoin again when the price drops, so when the Bitcoin price went up, I hope can get a bigger profit.

Investing with the money you are willing to lose is the key part of investing, if you invest with your paycheck for example you will lose because you will need it and you will not be capable of holding as long as you need to. Benefits of being rich and investing and becoming richer is the fact that rich people invest with money they are not using everyday, they invest with money they have on the side, and the money they use everyday are not for investment, but since they are rich, they can put millions of dollars into something, wait 10 years and get richer.

We do not have that kind of luxury, but if you can save even 20-30 bucks a month, putting that into bitcoin every month is very important, but only if it is the money you can afford to lose. That means you will be capable of buying when it is low and selling when it is high and be capable of waiting in between.