In the case of a large percentage drop

[brainape]

I think the people are wise and they are foresighted in the modern times first they think to the currency after that they invested in this currency So for my information the people will not drop the bitcoin and instead of all this they will choose bitcoin among the other crypto currencies for the businesses and profits. If the large percentage drops then the other people will come to join and buy bitcoin.

yes that is true that bitcoin is now getting good support from the people. in fact now they have become aware about the importance of bitcoin and they are even having bad news in the market they are now letting bitcoin price down and that is really too good and in favour  of traders, in fact people are still too much confident about the price of bitcoin that it will continue increasing for a long long time. and hopefully in next few months the price of bitcoin will cross 30000$.

[zorchy]

I will try to reduce my losses in the short term, if this fails, you can invest in ico for a while, as one option.

[vv181]

That is why its essential to put your stop-losses order on a major support. The only thing if we already losses a huge amount of Bitcoin is either to hold it or to cut your losses. In my opinion, holding it is the wisest choice because I'm sure Bitcoin will going to rise in the future.

[Geoll29]

In the case of a large percentage drop I won't sell my crypto. In fact I think this is the best time to buy more cryptos. When it goes up again you will earn more and will be able to recover your lost from the first investment.

[dhka]

I will prefer holding it until atleast it goes back up the the point I bought
Because I still believe there is long way ahead, a lot of room to grow
Unless you are a pro daytrader, I think holding is the best way to be profitting from bitcoin

[fancypretty]

In my own personal experience, it is better to hold because better opportunities would come and saving in the long-term woulld guarantee larger benefits than short-terms.

[Ranly123]

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

Before investing in bitcoin, you already know how risky this blockchain is. So when it go down you already prepared yourself for the worse, but this is what makes investment in bitcoin more exciting. The ups and downs make people think twice without even knowing what factor affects the fork on each cryptocurrency. I can advise you to just relax and keep your calm to avoid panic selling and lose your investment.

[ihaveaquestion]

No,i wouldn't sell all my bitcoins or cryptos, or whatever i have on that moment, i do not want to sell anything because no one knows what is really going to happen to the entire market in a few months or even weeks from now. Maybe it crashes, and at the next day it makes a x2.

[bribed]

In the case of a larger percentage drop I just keep calm and control my emotions. I've learned the hard way that in cryptomarkets its all about patience and not rushing decisions. I suffered quite some losses when panic selling after the price went down and my portfolio value decreased. Well, I guess one learns from mistakes.

[orions.belt19]

Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments

In most cases, experienced traders and investors out there are hoping for Bitcoin to drop in value. This is for a short while. The reason is that they want Bitcoin to be cheaper at the moment so that they could purchase more Bitcoin at a lower price. So when Bitcoin crashed or drop tremendously in value, buy. Do not hesitate because Bitcoin will recover quickly.

But when the big cash happens investors will wait to buy at an even lower price because let's face it, after the big crash we are going to go into a period of maybe 1 or 2 years of decline in which time BTC will decline back to under $10,000. This is almost guaranteed because this amount of gains cannot be sustained for such long periods of time.

Just like before, the price of bitcoin has dropped significantly and at a long period of time but it rose after.

It would be up to you to determine whether it's time for you to cut your losses or continue to believe. When Bitcoin crashes or drops in value tremendously, it may be possible that the bubble has already popped. If the events that occurred would contribute to the popping of the bubble such as the tell-tale signs of panic sellers and profit gainers, then it may dictate that bitcoin has reached its end. However, if it seems like bitcoin still has a future then continue to hodl.