It's not the value which is most important.
Thats true , but I am sure, not everyone here would like to lose money just holding on to the technology.
Hello Everyone here
That's a question I always ask myself, weather its in the morning when I wake up, during the day as I read all those negative BTC reviews or even at night as I stay up contemplating weather or not my BTC will be worth less by the time I wake.
I came to a simple 3 point solution.
- Stay informed (News is key to staying ahead of any future price dips)
- Prepare for future scenarios (Hedge the risk of any possible adverse market conditions by having exit/re-entry strategies)
- Take immediate action (When the market falls get out before the panic erupts. Do not be a Bitcoin romantic. Emotional attachment will cost you.)
I'm not fear mongering here, Im simply being realistic. We all know the concept of Bitcoin is still pretty new and as we have seen with other bubbles, some burst and some float to great heights.
Thanks
Maybe, you could convert the bitcoin to something else , like Webmoney or Neteller for the time being.
Trading would be a risk also. Every choices we made has its risk so all we can do is try to minimize the risk we do with our bitcoin. So in order t protect the value of bitcoin don't do something reckless that you would be regretting.
