Post
Topic
Board Speculation
Re: What do you do when price falls?
by
yousbabtle
on 01/12/2018, 07:48:29 UTC
As you see, bitcoin's price felt from 6500 to 3700. From the very first day, there was panic and fall was very intense. In situations like this one, how do you act? Do you sell bitcoins, wait a little for more fall and then buy more with same cash? Or so you fully support bitcoin and hold it?
I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
That depends at the time, if the price is going to fall much and I don’t want to lose that much at the time of it falling, I will just withdraw the funds I have in wallet and exchange it to fiat. But if it’s at a time I’m ready to lose, then I would hold the assets no matter, cause I’m sure it’s going to be temporary and after a while it will go up again. At times when I withdraw my funds, I wait for the market to drop a price I know would likely be the bottom price and then I’d purchases from then.