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

[TedMosby]

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

should be an easy question to answer.
short selling bitcoin in an exchange platfrom that offer contract trading, and use the profit to buy bitcoin
you can get profit for both side market, bullish and bearish.

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[wiss19]

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. 

That is how you should be thinking as well if you are a good investor. Traders end up buying and selling constantly and that really hurts the chances of making money in crypto, but the reality is that if you end up with a crash, that means cheap bitcoins and you could buy more and more so that you could get richer in the future.

We are talking about something much bigger here, we are talking about 50k+ and even 100k happening, that means if I buy from 33k levels I am going to make a 3x return, however if I buy from 20k levels that means I am going to make 5x return and if by luck if bitcoin ever drops to 10k again (which I doubt will ever happen again) that means 10x returns. This is why people do not let bitcoin go down too much anymore, because when they see it go down they end up buying more and more which results with price going back up.

[Wulan_maniez]

I’m not sure yet if the historical assumption of BTC from 2017 to 2018 will repeat this year, as I haven’t seen bitcoin go down
very low like that year. Now bitcoin is just sideways with a reasonable decline that we would normally think of as a correction.
Right now because the price is still high enough I’m still going to  hold  bitcoin, not sell it  too fast. Anyway, I’ll see  first what
the market situation will be.

[TheUltraElite]

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.

Although it seems like a normal trend to do but that's not the case. Using stablecoins seems logical but many traders don't trust them completely. Either they will try to move to altcoins which are not stable or just hold bitcoin.

You can just sell for fiat and then hold fist while bitcoin drops. This might be difficult depending on your local currency exchange.

All in all, one needs to sell at the top and buy back at the dip. Otherwise they will not be able cycle their money.

[jaberwock]

Although it seems like a normal trend to do but that's not the case. Using stablecoins seems logical but many traders don't trust them completely. Either they will try to move to altcoins which are not stable or just hold bitcoin.

You can just sell for fiat and then hold fist while bitcoin drops. This might be difficult depending on your local currency exchange.

All in all, one needs to sell at the top and buy back at the dip. Otherwise they will not be able cycle their money.

Not trusting the stablecoins makes sense, after all it is just a company called tether and we are collectively believe that they are going to be fine with 20+ billion dollars of our money? Why would we want to believe that, I would rather not do that and I would rather just keep my money to myself, there is no reason why they should have it.

Hence I end up with my local exchange when I want fiat, there I do not have usdt or anything, it is just numbers showing how much fiat I have and with just one click it goes to my bank account whenever I want, and the  charge is like under 50 cents as well so it is nearly free, anytime I want I can spend under 1 dollars to withdraw to my bank account and send it back to exchange, all in fiat form. So long story short we are going to be capable of spending some time on the fiat world when trading, might as well get the real thing.

[oHnK]

Not trusting the stablecoins makes sense. Why would we want to believe that, I would rather not do that and I would rather just keep my money to myself, there is no reason why they should have it.
Hence I end up with my local exchange when I want fiat.

I also have the same choice. When bitcoin drops like the previous year, I won't choose any other stable coin because when Bitcoin goes down I don't trust the others. In these cryptocurrencies, I see that there is no coin that is stable and really safe. High liquidity makes the price of these coins very vulnerable to plummeting. Instead of looking for alternatives by choosing other cryptos, I prefer fiat or even I convert them to safer investments like gold, stocks, or mutual funds. Because I'm also just a penny player whose every penny is very valuable to my economy.

[Jesabela04]

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

We should be glad that we have stable coin right now, this is to protect our investment and make it a safe haven but I don't see the market crashing right now, but if there are bad news coming like what happen in pandemic, be ready to take action to protect your investment, stable coin has been the best option and I'd like to think it was created for this purpose.

Converting to stable coins would be the best option that we can do to gain a good profit continuously. If we're doubting, then we could buy Bitcoin and reinvest again at a lower price and hodl it and just trust your guts since Bitcoin has shown and proven its capability to rise at the best time. Take the risk if you trust your coin because the dump is always part of Bitcoin's volatility and we should always take advantage of it.

[ven7net]

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

Since I do not really like to take risks, I would rather wait until the BTC price goes up again. For me personally, this is the best choice, since at this stage I can do other things. Again, if BTC drops sharply, then it will be too late to sell it or exchange it, for example, for USDT, since you will probably lose on this. I still stick to the option that you just need to wait and sell when BTC reaches the price you want.

[FanEagle]

Everyone assumed something big would happen but the reality is that bitcoin never really shocks the world that much anymore, no matter what it does. I personally have seen plenty of times bitcoin did something huge, not just this huge increase in the last few months, I mean like daily as well, I have seen it move 20%+ in a single day as well, people are used to it by now.

What makes bitcoin so volatile is that there is no regulation of buying and selling, you could get together with few billionaires, and they could all buy at the same time to increase the price, they could then put orders to sell 10% of it every day for the next 10 days and they would get out without disturbing the market too much. That way they would get rich, try to do this for a stock in the stock market and you will not only be jailed, but also would have a huge fine as well in tens of millions.

[geegaw]

the step I have done is to buy quickly when the price is low and hold until the price is high. This is one of the most powerful ways to find significant and large target prices. So I thought I wouldn't miss this opportunity to get low and sell high.

Well, I feel that you are lacking in the preparatory steps for an unexpected event as bitcoin drops dramatically and I believe your plan to buy low sell high will not be possible when perhaps a large amount of your capitalization is falling on altcoins or unable to convert to USDT, an unexpected situation always delays everyone's actions and contains many errors. Therefore, a preparation step for this situation is necessary, setting a suitable price to convert to USDT or stop loss quickly is the way I always do, wait for a stabilization from the market and apply your strategy, the odds of winning will be higher if we know how to prepare

[militiariko]

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

I will ofcourse be investing in bitcoin once agains if it goes low and down towards a very cheap price; bitcoin is bullish on the long term; so ofcourse when it is very bearish; buying the bears comes to mind alot. Do your research and always find a good entry to buy bitcoin.

[sportclub2010]

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

Selling bitcoins in such a situation would certainly be foolish. Selling before Bitcoin drops would be great. And so there is only one option, hold and wait for better times.

[Smartprofit]

What can negatively affect the price of bitcoin? 

First, the segmentation of the Internet.  If the Internet is divided into many independent segments, then the functioning of the Bitcoin network will be difficult. 

Secondly, a hard fork, as a result of which two equal chains are formed, each of which will be supported by an equal number of miners and developers. 

Third, the successful attack on the network using a quantum computer, and fourth, the success of the Central Bank Currencies (CBDC) and the total ban on Bitcoin in all countries. 

Until one of these scenarios is implemented, Bitcoin does not need to be sold.

[virasisog]

I'll keep on buying BTC if BTC price goes down to its lowest. Chinese New year is near and the market goes down during this time, the market is now turning red. I'll consider it as a shopping discount to buy some of my favorite altcoin and BTC. I guess most of us are waiting to buy cheaper BTC since people are expecting the bull-market to be longer because of institutional investors.

[Stedsm]

I'd convert to Fiat, but will also buyback at specific points which I'll mark as support areas where buybacks generally happened before, and I won't go all-in but save and do it with timely intervals if I believe there's going to be more action downwards.

[JollyGood]

In short, when the price falls I will hold.

Here is an excellent chart that qwizzie posted to explain what has happened in the past and what inevitably will happen at some point in the near future as the cycle goes on and on....


Source : https://www.reddit.com/r/Bitcoin/comments/a4yrux/bitcoin_is_a_game_of_accumulation/

I have put that set of data into a bar chart and extended the data set :



Link: (When The Inevitable Happens With The Dump - What Will Bitcoin Be Worth?) https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

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

[Morenod]

I'll keep on buying BTC if BTC price goes down to its lowest. Chinese New year is near and the market goes down during this time, the market is now turning red. I'll consider it as a shopping discount to buy some of my favorite altcoin and BTC. I guess most of us are waiting to buy cheaper BTC since people are expecting the bull-market to be longer because of institutional investors.

why should it go it lowest sure actual price is not natural and I withdraw to my crypto ownr card

[Rruchi man]

At this point, I will hold because we have seen the price of bitcoin fall and then go up to set new all time highs. I do not see a dim future for the price value of btc, the future is very bright.

[vennali]

In short, when the price falls I will hold.

Here is an excellent chart that qwizzie posted to explain what has happened in the past and what inevitably will happen at some point in the near future as the cycle goes on and on....

Source : https://www.reddit.com/r/Bitcoin/comments/a4yrux/bitcoin_is_a_game_of_accumulation/

I have put that set of data into a bar chart and extended the data set :

Link: (When The Inevitable Happens With The Dump - What Will Bitcoin Be Worth?) https://bitcointalk.org/index.php?topic=5307664.msg56135292#msg56135292

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

Good and concise data. I'm going to do the same as I always do. HODL. HODL until I absolutely need fiat for expenses. I assume most of the forum members are the same in this case. We know that BTC will get back to or even higher price after a crash. Crashes are the best time to buy even more haha.

[Betaj00]

You asked a good question on this forum and i want to share my comment with you. When i see and understand that Bitcoin price is not stable or it price will dump then i convert my bitcoin as usdt. Becouse we know that Usdt is stable coin. And also i stop my trading when i see that the bitcoin price isn’t stable.