Quote from: btc78 on December 20, 2024, 07:05:02 PM

Quote from: krishnaverma on December 20, 2024, 03:08:23 PM

How much drop in Bitcoin price in 24 hours is enough to convert into weak hands ? We all have some trigger point ? Even if you are a firm believer in crypto, it can be hard to remain invested if there is major correction in price over very short period of time .

what do you mean?

are you asking if i’ll lose belief in bitcoin if it drops a certain price? well i do not think so to be frank if bitcoin’s price drops the first thing i would do is buy more because i have been meaning to do so though if it drops all of a sudden i would try to understand first why and then decide whether to continue buying or is the project dead (very unlikely)

There are very less chances of bitcoin project to get completely dead one day. It is possible in only in some rare cases like some very advanced and better technology coming and replacing bitcoin anytime. It will require some very talented minds to make something like that possible. Realistically speaking, I do not see that happening in my lifetime and thus I will not become weak hand with any drop in bitcoin prices. If it drops by quite good amount, I will see it as a buying opportunity.