Post
Topic
Board Bitcoin Discussion
Re: what will you do if the bitcoin exchange rate is pennilished?
by
audaciousbeing
on 30/10/2017, 05:09:07 UTC
The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?
2. Do you continue to use bitcoins or vice versa?

Issues like this have been discussed over and over again but for the sake of emphasis, anyone in bitcoin expecting price to always be on the increase is either living in ignorance or believe something else other than bitcoin. Price is erected to swing both ways yesterday, I saw price high as $6178 this morning dripped to $6151. Something must have happen and someone somewhere has panicked thereby sold.

In determining what to do in the case of falling price, the question is are you comfortable at that price. If I am comfortable, I will sell but if I am not, I will hold because its goes down, it will swings back up just like now that its up, expect it to also swing down.