Post
Topic
Board Bitcoin Discussion
Re: How much of drop in Bitcoin price is enough to convert you to weak hands ?
by
Shishir99
on 25/12/2024, 11:02:56 UTC
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 .

If you asked me the same question a few years ago, I would say If I saw the market crashing more than 15% a day, Probably I would sell on the first day of the crash. But I believe I understand the market very well compared to how I understood it a couple of years ago. If Bitcoin dumps 30% a day and I have fiat, believe me, I won't miss that opportunity to buy cheap Bitcoins.

I did some DCA when the market crashed. The problem is, I do not hold much fiat as well. I mostly spend my salaries within the first ten days and I save my signature income. Sometimes I sell Bitcoin to buy some alts which may give a better return. But as I said, no matter how much it drop, probably I will buy more.