Quote from: Jating on September 13, 2017, 07:49:37 PM

Quote from: aardvark15 on September 13, 2017, 07:23:26 PM

Quote from: Iranus on September 13, 2017, 06:52:58 PM

Quote from: HeRetiK on September 13, 2017, 04:40:38 PM

That post was written when BTC was down by more than 60% from USD 1180,-. Right now we're down by maybe 25%.

In the bear market as a whole, the value dropped from $1180 to below $200. $1180 to $200 is a reduction of roughly 83%, so you would be losing more than four fifths of your coins' value if you held throughout that period. In some BTC bear markets it's been even worse.

The trick is putting your coins (the ones that you're not using regularly) in cold storage somewhere that it would take a while to access them, so it takes a lot of thought to dump them and it's not subject to short-term emotions from price movements.

If you have enough savings that you can still live comfortably if you lose all the coins, HODLing shouldn't be too difficult.

I'm just going to hold and ride it out. That drop to $200 was a few years ago and I think Bitcoin has a bunch of new investors since then. Hopefully they won't all panic sell to make the price drop 83%. I guess less than a 50% drop from peak price.

If it drops below $3000 I might regret that I didn't sell but the hard thing is that we didn't know if the price would go to $7000 before a correction even though we knew a drop would eventually come. It's too hard to predict sometimes but I see the drop as a chance to buy more Bitcoins if it does go below $3000.

True. But holding is the logical choice because like everyone else's here, we are still positive that bitcoin can recover from all of this shenanigans created by those who want's to manipulate the price. We may regret not selling when the price is $4700 but who knows, after everything is straighten out we might see the light at the end of the tunnel. So I will hold and buy from this dip, simple as that.

Yes. That's right. We all here on the forum are bitcoin's supporters and believers and I don't think there will be something like: "I will not HODL". I'm also planning to hold my founds till I desperately need it. I suppose when the panic around Chinese exchangers will pass everything will come back on it's place.