Quote from: Apened on February 24, 2017, 08:22:00 AM

Quote from: BitHodler on February 23, 2017, 02:16:54 PM

Quote from: Qartada on February 23, 2017, 01:46:11 PM

When the price is over $1200, a fall of $100 is almost nothing.

It highly depends. If you just have 0.1BTC then such a decrease in price won't impact you, but if you have thousands of coins, then it's completely different.

It's well known that the more you own, the more you potentially lose. In the latter case an 8% decrease results in your coins losing hundreds of thousands of $ in value. Definitely not what I consider to be *almost nothing*.

If you have many coins, the 6% drop is still a small percentage.

Most of us have only little amount of capital to start with. I agree high volume trading when prices increase by even 1% is profitable if you sell your coins. But then most people here are not willing to trade high volumes since they are having low amount to start trading with.

Its important to build up your capital slowly and then start to sell it slowly. Not sell everything since then you cant easily return to the market again.

Quote

I think you are wrong. 6% is very high if that guy has a big amount of Bitcoin or cryptocurrency. I am holding more 3 Bitcoin and if the price is $1200 and drop 6%, I will lose more than a hundred dollar. Therefore, please do not speak about things that you do not dully understand about it
thanks

I dont know what price you bought the coins but seriously speaking if you have bought it at prices 1200$+6%, I dont know when you can get the chance to sell it off. I know prices will rise if future so good luck.