What is your end game if BTC crashes overnight?

[kelsey]

All the reason i need was the recession that hit around the world in 2003 roughly that people forgot about quickly.

what recession  oh wait I'm aussie we didn't have one 

[kelsey]

I'm indifferent to the price of cryptos vs fiat as i don't trade out to fiat, so no real crashes imo, just inta crypto trading opportunities, ups downs need them both......ups wouldn't be ups if it werent for the downs 

[s1gs3gv]

I think Bitcoin is moving exactly as I thought it would this year, probably going to hit the $200 and then there will be a massive buy frenzy from the big traders.

Bitcoin prices will trend towards the cost of mining bitcoin + 7%. There will be a massive frenzy, but it won't be a buying frenzy. Spend it now while it is worth something.

Use of malicious negative trust to suppress free speech discredits the bitcoin community

[zedicus]

 

bitcoin does one of two things .. crashes then it rally's!!
 If its not doing one its doing the other so...


prepare your fiat and plant yourself right in the middle of these two events and you will be grinning ear to ear!
Luck favors the well prepared so  ..

when it crashes i "buy".. and when it "rallys" i cash out some so i can buy the next time it crashes!



Wait, you guys are buying low and selling high right? 
 

[Bit_Happy]

....
The rats will jump ship:

Many rats are secretly buying more cheap coins, while they post FUD all over the forum.

Lol of course you are correct! Price chart is flattening and tightening now, so soon we may see those mega-rats buy in and pump.

Me, I'm already all in.... I guess we're all rats deep down.

I'm all in too...
These days I "buy more" doing various types of work for BTC.

[evoked22]

I stopped reading after the word Ripple

[ilccoin]

just wait. there have been a lot of crashes. btc came around every time.

[brooklynite]

As the title states. Do you take the loss or move it into different investments that would still have a good BTC ratio?

I think I'll put all of my BTC into Ripple for these reasons:

- It has strong financial backing (Google, Andreessen Horowitz etc)
- Disruptive technology without the Gov't heat (Bitcoin exchanges in China are closing, while Ripple gateways in China are opening)
- The technology is everything bitcoin but more (faster, more secure, more functions etc)
- From the above reasons, a high likely-hood of success/ price rise (therefore, making back my losses)

Have you been tricked into thinking Ripple is a scam? http://crypt.la/2014/01/22/unexposing-the-ripple-scam-rebutting-ripplescam-org/


Anyway, those are my reasons. What's your end game?

BTC Hits sub $400 I will use all my cash to buy BTC
Hits sub $300 I will use all my savings to buy BTC
Hits sub $200 I will mortgage our home to buy  more BTC
Goes above 10,000 I will retire.

[frobley]

just wait. there have been a lot of crashes. btc came around every time.

it hasn't been possible to take short positions previously

[CryptoClub]

just wait. there have been a lot of crashes. btc came around every time.

it hasn't been possible to take short positions previously

True, but if they knock it much below 400usd they will break their new toy, people might buy Alts or silver. Hence, BTC 400-600 for quite some time into the future. Pump and dump coin? Although people could just hold and not sell, buy and not sell, but they would have to stop falling for every press release and rumor first. Perhaps work on adding new ideas to Bitcoin could help make it more mainstream. (I like "mBTC" for wallets and such to help with mass adoption)

As for end game, if it is just to be manipulated to death: I have a lot of DRK and in some BTC store of value alternatives like BC, and the network advantage of Myriadcoin is fascinating. Not selling into fiat no matter what, personally.

[whaSasd]

No exit strategy. All in.  Just like early adopters that were paying electricity from their pockets.

[Spoetnik]

All the reason i need was the recession that hit around the world in 2003 roughly that people forgot about quickly.

what recession   oh wait I'm aussie we didn't have one  

Ya we in Canada fared pretty good too

also when i go to places like coindesk i see a seriously huge amount of good news and support vs the odd bad news story.
and these good news stories are very very very reputable !
there is so many new Bitcoin start ups with people actually investing huge amounts of money and time and energy etc.

Altcoins on the other hand are in a precarious position i think though.. that is a whole other game going on there. (yet linked i think we agree)

edit:
What matters now is...
Microsoft announced the Windows Start menu was coming back (and showed video of it at a keynote) for windows 8.. so hell froze over so.... that means...
Bitcoin to 10 grand is coming soon i am sure
I would like to formerly register my "I TOLD YOU SO" to all the mouthy MS cheerleaders out there that said it's "never" coming back lol
I told you so lol

PS: windows 8 sucks !

[NWO]

Well diversified in crypto coins and crypto businesses. Including Ripple.

[TR8888]

buy buy buy, hold hold hold.

[SlipperySlope]

Looking for the exits.

Yet another negative sentiment indicating that bitcoin is nearing the bottom of the November 2013 bubble.

I have been steadily buying fractional coin from my local Robocoin ATM. Should bitcoin crash down to say $380 as some envision, then I would be happily be buying more.

My GPU mining rigs are currently leased to scrypt-miners. New scrypt ASICs will make me migrate to scrypt-N by this fall I think.

[BitOnyx]

Ripple ? nah

[FruitRollUp]

It's always better to just shut up and hodl your bitcoin.  
Because one day, they will become valuable the rarer they become.

And thats when Bitcoin will become just like gold, a universally  accepted currency.

[gustav]

i think before btc crashes fiat does

[thefunkybits]

MAXCOIN

that is all...

[NWO]

MAXCOIN

that is all...

Sounds like a bagholder response