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

[Sayeds56]

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

Good question and my starlight answer is , I will never sell it because It is very precious digital asset and worth holding as long as you can.  History has shown that it always bounces back and breaks its Previous  All time high. BTC never disappoints its Long term Investors.

[barbara44]

I do not see bitcoin dump as "inevitable" anymore, I understand that we are in a pump right now and there could be a "correction" but I am not entirely convinced that price could fall 80%+ anymore, or at least not again. I get that it is easier to think like this during a pump, many people think like this during a pump so I might be wrong, and I get that, but the fact is that we are not doing that bad right now and the difference compared to all other dumps and this period is that we have super rich people going into bitcoin, grayscales and microstrategies and now tesla all going into bitcoin could be a factor that bitcoin may never drop again like that.

I am not saying we will never drop, we will of course have drops, I am saying we may never have 80%+ crash again, dump and 80%+ crash are very two different things and one is possible while other looks more difficult each day.

[menoiazei]

Every great dip is followed by an even greater pump history has shown

[mico.serge]

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

I will still $HODL my Bitcoin 

[XZERO1]

I never go all in at once at a fixed price so I definitely wouldn't sell what I already bought higher, since I can simply just keep averaging down and layer small buys on the way down, that's the key to not panicking and keep holding what you believe has higher value that the current price.

As for the future price of Bitcoin when correction starts, I personally think $10k would be the Bitcoin's new $3k, so I see that as a very unlikely scenario that Bitcoin goes lower than $10,000 anytime soon and that's good for the market and more specially for good quality altcoins that are not just money grabs, I really think interest in cryptocurrencies are increasing by a good amount and because of that I don't think it's a very possible scenario that we experience long bear markets like a few that we already had again.

[alfredlachance]

i will buy more bitcoin it it will go down fast because it does only mean that its in the correction.
As of this writing BTC price is $44966.2 Few hours ago its $48K

If you have bought Bitcoin few hours ago, you could have made so much lost
however try to hodl it till it reach new ath again!! then you will gain profit!!

once the price dumps again u should buy a whole lot more!
You can try buying on Kucoin Exchange   this is highly credible exchange, they also support fiat to crypto so it would be convenient for you to buy coins there! 

[isaac_clarke22]

~

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.

Not really at all people though. Some would consider selling a bit right now because of the price surge we got recently. I do both selling and holding cause why not? You never know if you're gonna reach your breakeven again in your net coins held at this moment.
For those who just jumped into the train just now, for sure holding is the best option for now.

[Janation]

When a big dump occurs, of course we will analyze it based on Technical Analysis. I will not sell if the strongest support bitcoin still cannot be passed. Many people end up being hit by Fomo or hype when bitcoin has decreased or increased. they are too hasty to make a buying or selling decision without having a definite basis for why they buy. The high volatility in the bitcoin market is able to move prices up and down rapidly

This depends on what is happening.

Obviously, there will be a huge reason why the price is falling down. There is no way that the price will just fall down hard with the kind of market we are having now. Depending on is happening, I will either reinvest and tkae that as an opportunity or just keep on holding. I will never sell my Bitcoin because of that fall.

[Smartvirus]

My little idea of the best moves to take when Btc price goes down is functional as i know it when you've got your Btc on an exchange but then, an exchange is a risk enveloped environment to have your Btc stalked. Hence, there is the possibility of transferring your Btc to an exchange during such peril times and its going to come at a price too. The idea is, while your Btc is on an exchange, you just swap it for a stable coin and have its value relatively constant at that price until Btc rises. You can also, trade it for some profits should you have the expertise.

[fullhdpixel]

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....

Honestly you are right with the chart that it had a lot bigger highs and then higher lows as well.

For example, it went from 35 to 2 dollars, and it never reached 2 dollars again but after the next increase, that means it never reached 35 neither, the low was 45 dollars, the high was 1140 dollars in 13 and it crashed to 150 bucks which is under 260 which breaks the cycle, but then it was nearly 20k and dropped to 3.5k which is over 1140 dollars (nearly 3 times).

This means we have broke over 47k+ once again, so if we ever have a crash I think we are not going to drop to under 20k, because that was the last ATH price, but in order for us to drop 80%+ and still be over 20k that means this increase needs to end with 100k+ price, first we need to become 100k+ then drop 80%+ and still be over 20k as well in order for this crash to be similar to the previous ones.

[GeorgeJohn]

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

Is obvious that their will be excessive profit in cryptocurrency market via me in particular, I have no option than using the bitcoin to trade in order to make more additional values of already existing cryptocurrency that I hold since 2017 and 2018, so with such capable trading I will make values via my coin

[qwertyup23]

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

This depends upon the circumstances surrounding the reason on why the price of BTC dropped.

As for me personally, I would definitely purchase more BTC and HODL it for long-term. Any opportunity that makes its price lower in the market is also an opportunity for me to earn them. Another thing, I do think that people are taking for granted the technology of the blockchain and its application in the world. That is why I do think that prices of BTC will definitely skyrocket AGAIN in the upcoming future.

[geegaw]

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

This depends upon the circumstances surrounding the reason on why the price of BTC dropped.

As for me personally, I would definitely purchase more BTC and HODL it for long-term. Any opportunity that makes its price lower in the market is also an opportunity for me to earn them. Another thing, I do think that people are taking for granted the technology of the blockchain and its application in the world. That is why I do think that prices of BTC will definitely skyrocket AGAIN in the upcoming future.

We are appreciating blockchain technology and its applications just because we are investors, we are users and we are compelled to trust the product we are tracking, the fact is that most people don't look down on bitcoin or blockchain technology, they just don't believe in the profits it can bring, I've never believed it either but I like to follow the trends of the crowd. And when bitcoin falls, at least I'll wait for a market trend to manifest, being hasty to invest and hold will make us lose more profit.

[MWesterweele]

This depends upon the circumstances surrounding the reason on why the price of BTC dropped.

As for me personally, I would definitely purchase more BTC and HODL it for long-term. Any opportunity that makes its price lower in the market is also an opportunity for me to earn them. Another thing, I do think that people are taking for granted the technology of the blockchain and its application in the world. That is why I do think that prices of BTC will definitely skyrocket AGAIN in the upcoming future.

I do also believe that the necesseties of hodling or selling a bitcoin once a huge price correction happens again was it's all depend upon the circumstances of the sorrounding and of course primarily, does your family needs a money matter in the next few months. I am admitted that bitcoin do help me alot to overcome these pandemic we have encountered worldwide and its great to think that despite the pandemic bitcoin made its way to top, to reach its new ATH but i do still have the fear that i couldn't accurately utter that bitcoin will always in good value as time passes by.

[bitgolden]

We are appreciating blockchain technology and its applications just because we are investors, we are users and we are compelled to trust the product we are tracking, the fact is that most people don't look down on bitcoin or blockchain technology, they just don't believe in the profits it can bring, I've never believed it either but I like to follow the trends of the crowd. And when bitcoin falls, at least I'll wait for a market trend to manifest, being hasty to invest and hold will make us lose more profit.

I can't say that price could drop too much at this point, of course there could be a lot of drops if things go sour but I believe it is not going to happen anytime soon, it looks decent to me honestly. However buying right now part is the one that I am hanged up the most, you think making "hesty decision" would be buying bitcoin and that is not really the correct thing to say right now. Think about it this way, when it was 20k dollars and was trying to break over the ATH and go over 20k+ there were a lot of people who said "it is too high right now, it is not smart to go in now that it is so high" and the price did x2.5 more after that.

So, I do not agree that there is a wrong time to buy bitcoin, there is only time where you buy bitcoin and make profit slower than others, sometimes some people buy bitcoin and make profit in a day, some people buy and wait for years, but in the end you can't be wrong to buy bitcoin at any time.

[MIner1448]

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

t depends on what price it will drop, if it is less than $ 10,000, then it is definitely necessary to purchase it for the long term. But I think this will not happen, it will constantly grow, especially since Tesla is already selling its products for bitcoins.

[blue_nexus15]

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

Sometimes the calculation will fail on its MA. The most important trade to me is the profit key. I would convert Usdt if it goes beyond the defensive MA light bar on my performance. Of course, I just rely on the plan on trading or stop loss if ready, not investing.

[boyptc]

t depends on what price it will drop, if it is less than $ 10,000, then it is definitely necessary to purchase it for the long term. But I think this will not happen, it will constantly grow, especially since Tesla is already selling its products for bitcoins.

The demand will increase and that's the right action if we happen to see bitcoin's price dropping. There's no other action that we have to do but to buy and keep more bitcoin while we can.

It's not only the other investors are our competitors in buying but also the bigger institutions this time.

[iv4n]

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

Profitable currency for investing in Bitcoin has market position and a lot of demand from other currencies bitcoin prices go up a lot based on its demand but if the price of Bitcoin drops a lot then it is better to convert USDT. Even if the price goes down, you don't have to face losses the market is going up a lot so the price will not go down too much.

The point is to convert to a stable coin before the drop, and if you short it successfully, you can make a nice profit! As I stated in some of my previous comments here, I expect that correction since we passed $20k! Now that sounds funny, but here we are over $40k for some time!
In the last week or more, transaction fees are crazy for Bitcoin and Ethereum, and I think that is a sign that correction is getting closer! It's what happened last time. First fees go higher, and then a nice correction! I am ready for that, and I have dollars ready for buying!

[Inkdatar]

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

I choose to hold if bitcoin will suddenly drops and it is also the chance for believers to buy more btc. We can't predict as to where it will heading. For sure it will bounce just like what happen before. Also, many news happening on bitcoin that it is continue growing. Assuming the history will repeat we have an option to take an action on our asset, weather to convert to usdt to be safe our funds or hold until price can recover.