My strategy for when Bitcoin price is going down

[Swordsoffreedom]

I just keep buying from the weak hands and welcome the price drop. this is a gift at these and possibly lower levels. I would have never thought that btc would be $450 in August 2014 though

It's a good price but I do admit that I was a bit saddened that it wasn't a significant amount higher right now
Still for an entry price for a new investor into Bitcoin and for ones that are a bit veteran and experienced in it
This is not a bad entry range.

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[DavidHume]

I just keep buying from the weak hands and welcome the price drop. this is a gift at these and possibly lower levels. I would have never thought that btc would be $450 in August 2014 though

You must be doing well today then. Are you going to cash out now and wait for another crash?

How high do you think bitcoin will go this time?

[itsAj]

I just keep buying from the weak hands and welcome the price drop. this is a gift at these and possibly lower levels. I would have never thought that btc would be $450 in August 2014 though

In theory this would be a great plan, however you really don't know when the price is "low" and when it is "high" as the price can do many things over short periods. If everyone knew when the price was lower then it should be then it would never get that low in the first place.

[Buo]

Sometimes buying when the price is going down is risky but the rewards are usually higher than holding.

[LiteCoinGuy]

my plan:

[BeeTeeSea]

Buy is the strategy.

[iluvpie60]

BTC will recover, its pretty stable in my opinion. Just wait for a week more.

BTC is not stable... 22% in only 1 week :/

That's not much really, prices will hold from 400$-800$ for a couple more months until the next boom. Mark my words.

I don't know when it will exactly, but my prediction for december 2014 is over 1500$.

so many people predict it will be that. but it doesnt really have to be. most likely it will be a stable going up as mining costs go up more and more. usually the price of a bitcoin is tied with how much it takes to mine them.

[johny08]

If it would rise to $1500 It would be fantastic, we are all waiting for this so much, hope your words will become true. I was about to invest decent amount in BTC and I think It is the right time to buy.


EDIT: BTCmaster3, how do you know that the target price will be $350-$400?

at the price of $500 for one BTC, there is every month about $62 Mill. new BTC coming on the market and about $650 Mill. a year. The investment capital into bitcoin ecosystem will be about $250 Mill. this year, so we are pretty good right now. There is no need this year to go higher as $500 level. From the speculative point of view on $680 there is a very strong chart technical resistant line, the same a strong support zone at $450 and $380-$350. And thats great.

So, my strategy for when Bitcoin price is going down, is buying and when its going up selling. Thats an anticyclic speculation strategy, vis-a-verse works too.

[johny08]

BTC will recover, its pretty stable in my opinion. Just wait for a week more.

BTC is not stable... 22% in only 1 week :/

That's not much really, prices will hold from 400$-800$ for a couple more months until the next boom. Mark my words.

I don't know when it will exactly, but my prediction for december 2014 is over 1500$.

so many people predict it will be that. but it doesnt really have to be. most likely it will be a stable going up as mining costs go up more and more. usually the price of a bitcoin is tied with how much it takes to mine them.

Hello, what nonsence. Bitcoin Mining is binded to Murphys Law, due to using computerchips: Double the speed every 18 months. In sha-2 mining, its every 6 months! The difficulty is not rising fast enough as mining costs are dropping down. We will see a drop in elec. costs up to 5x in the next years for sure. the difficulty has to 5-fold first.

[Chompa]

The title of this thread suggests you are speculating that it's going down more, following a trend, but the fact is that it already has gone down.
Take it from the brighter side, it may go back up as well just have patience.

[giveBTCpls]

This price of downtrend only means larger opportunity to get it. You'll look back to threads like this in tears if you did not get at least a some BTC.

[Dyklotz]

The correct strategy is to sit back and relax, as it will go up again eventually.

[Ayers]

that's a good attitude, but it's better that there are no weak hands, the price would be better, even if we need that someone sells, otherwise the trade can't move

[botany]

The correct strategy is to sit back and relax, as it will go up again eventually.

Or you could take advantage of lower prices and buy some more (if you are not fully invested). 

[bitcasino]

Bitcoin 2014 ytd return is negative..

[stash]

If current bottom is valid, we will see $1200 on next jump.

[botany]

I sure hope it crosses $1000 at the next peak.

[sandykho47]

I think this strategy is very classic
Most people do this when price down

This time still also great time to but/sell when the price still unstable

[botany]

I think this strategy is very classic
Most people do this when price down

This time still also great time to but/sell when the price still unstable

It is a good strategy as long as the price increases in the long run and you don't run out of money to invest.

[DataStorm]

Buy is the strategy.

This. I dollar cost average my purchase so am buying x dollars worth at the same time each week. From there I do spend some. I guess I don't change strategy based on price change. Bitcoin is a buy for me, unless something major happens. (edited to answer OP)