What will you do if Bitcoin price drop 1000$ after you already buy it at 6000$?

[Babubu609 0]

If Bitcoin price will drop from 7000$ to 1000k$ after purchasing it at 6000$ I suggest to my own opinion I will borrow money to buy it and hold and I know the price will not be stable at that price, I will wait for the price to rise and sell a little of  it then sell and pay the money I borrowed. 

But to your own suggestion what will you do if this happens?

[rekter 8129]

14 minutes ago, Babubu609 said:

If Bitcoin price will drop from 7000$ to 1000k$ after purchasing it at 6000$ I suggest to my own opinion I will borrow money to buy it and hold and I know the price will not be stable at that price, I will wait for the price to rise and sell a little of  it then sell and pay the money I borrowed. 

But to your own suggestion what will you do if this happens?

I wouldn't recommend lending money in any case for cryptos. If the price would suddenly hit to 1k now, that would mean that something is really wrong.

 

People always say that they would buy it at the bottom, but they never do. Why i know this? Because most people didn't buy bitcoin when it was under $400 or even under $4000 on the last drop. They are always scared that it will drop more and most likely wait or panic sell. Best way for a normal person to buy bitcoin (if you are not buying leverage contracts) is to average your buy in and keep buying within a longer time frame and stop chasing the bottom. In that way you can relax too.

Edited April 19, 2020 by rekter

[Shahud 1319]

if i buy bitcoin at 6000$ and  price crashed  down to at 1000$ then again i  will buy more  at the 1k dollar price because i know the future of th botcoin and i am very much sure about its price within some months

[koussai999 1986]

5 hours ago, Babubu609 said:

If Bitcoin price will drop from 7000$ to 1000k$ after purchasing it at 6000$ I suggest to my own opinion I will borrow money to buy it and hold and I know the price will not be stable at that price, I will wait for the price to rise and sell a little of  it then sell and pay the money I borrowed. 

But to your own suggestion what will you do if this happens?

Welcome my friend
What I will do is accept the matter, because trading is profitable and has a loss. I think the matter is not over yet. Bitcoin may return to very high levels above the hundred thousand

[Babubu609 0]

20 hours ago, rekter said:

I wouldn't recommend lending money in any case for cryptos. If the price would suddenly hit to 1k now, that would mean that something is really wrong.

 

People always say that they would buy it at the bottom, but they never do. Why i know this? Because most people didn't buy bitcoin when it was under $400 or even under $4000 on the last drop. They are always scared that it will drop more and most likely wait or panic sell. Best way for a normal person to buy bitcoin (if you are not buying leverage contracts) is to average your buy in and keep buying within a longer time frame and stop chasing the bottom. In that way you can relax too.

Although is not a good decision spending all your money just for one opportunity is good we make good analysis on how to use it by dividing it in to to halfs and use them at the right time.

15 hours ago, koussai999 said:

Welcome my friend
What I will do is accept the matter, because trading is profitable and has a loss. I think the matter is not over yet. Bitcoin may return to very high levels above the hundred thousand

Yes but you didn't understand what I am saying I was just assuming on what can we do if the price draw back to 1000$  after you purchased it at 6k$.

[Jessica Karren 1242]

My suggestion is not to borrow money from others to invest in cryptocurrencies, you will never able to pay them back. If I am in this situation then surely I will wait and hold my coins until the price of btc rise again. What is other option except this?

[Babubu609 0]

16 hours ago, Ngetpa said:

I will definitely do the holding as that event happen. I will not do some panic selling because it will only leads to a bigger loss. I believe that it will eventually be up again. 

So you rather hold it than selling it I think patient should be the best thing to do at that time

[bliznec 22267]

Most likely, bitcoin, if it falls at a low price, it is unambiguous to wait until the price rises again. It’s best to wait and not sell bitcoin at a low price. 

[DavCrypto 298]

This is not possible in my opinion, it cannot decrease to this extent, it can decrease until the 5000 but not less than that and then it will return to rise and I will wait for that.

[CryptoMaxim 3829]

My decision will depend on many aspects. For example, I will look at the capitalization and conclude that it is still worth buying in the hope of price growth. And how long I can delay the payment. It is impossible to answer unequivocally. I wish everyone good earnings and that no one is in this situation.

[BTC Future 3946]

You need to have a plan before you buy and consider your options on what you want to do. If you want to invest, 5-6K was a great opportunity. If you want to hold for a few days and take profits then perhaps you have to take them. Tell us what your plan was and why are you confused now.

[NevermindNe 549]

I will just wait for its price to increase since it is very stupid to sell such a popular coin at a loss since it will be in demand for several more years. 

[qua186386 226]

I didn't think this is possible that Bitcoin going reduction too much as pleasure on $1k.

suppose this is happend then crypto market crash completely and universal invester suffer from huge loose

[bachnhuc8273 231]

23 hours ago, sumitshet said:

I will hold, it will make uprising trend in the future of crypto currency market, then I will sell it probably for higher price, then I expected to sell

like you, The best thing to crutch in a circumstance suppose this is to definetly restrain on to my coin and adultery for the prices to rise which it will for sure rise in future and make a interest therefore don't let your self panic in situations suppose thi

[ComeBackIsrael 185]

I will just wait until the price rises back to the price of 6000 dollars and sell it so as not to lose a penny from such a failed investment. 

[Babubu609 0]

18 hours ago, Jump said:

I think that is a bit unfortunate because you bought Bitcoin at a higher price then it deflates immediately. I think that is sad because you water so many money that you should not waste but you wasted it by having no patience.

This is of big loose but actually I found it so difficult to say it I rather keep it or hold it till when it rise that was the solution.

19 hours ago, Jump said:

I think that is a bit unfortunate because you bought Bitcoin at a higher price then it deflates immediately. I think that is sad because you water so many money that you should not waste but you wasted it by having no patience.

This is of big loose but actually I found it so difficult to say it I rather keep it or hold it till when it rise that was the solution.

[iloveyobit 6599]

I think that this will be a real tragedy because you will have lost a large part of your capital first and the biggest calamity is that you have bought other currencies.

[Saboor 511]

The best option to do is just for you to hold into that coin you bought and you should never gave up, and this won't be a problem because bitcoin is volatile and always recovery

[bitcoinb 1359]

On 4/19/2020 at 12:02 PM, Babubu609 said:

But to your own suggestion what will you do if this happens?

@Babubu609  I have been in cryptocurrencies since 2014 and i saw big prices dumps several times. In the past, I saw BTC price goes from $1200 to $200.... Firstly, if I buy $6000 of BTC, I will activate the "stop-loss" order (available on some platforms) to minimize the risk of big losses. Secondly, I will just stay patient...

[Babubu609 0]

7 hours ago, bitcoinb said:

@Babubu609  I have been in cryptocurrencies since 2014 and i saw big prices dumps several times. In the past, I saw BTC price goes from $1200 to $200.... Firstly, if I buy $6000 of BTC, I will activate the "stop-loss" order (available on some platforms) to minimize the risk of big losses. Secondly, I will just stay patient...

That's is really bad time  mate but the use of stoploss will really help in controling the lose as you said but what causes this is high expectations we always hope that the price will go more higher than the current price.

[melikf78 987]

first i will be sad and angry but i will continue holding and if i had money i would buy more btc and wait till price increase again although i think btc price will never be 1000 usd its impossible and if it happens a lot of miners will quit mining.

[malik6314193 5449]

I will keep trading and will cover this loss. And if i didn't do so then i will wait to come up tge price. But first one is good as compared to second. 

[IamLeader12 682]

I will then just wait for the price of bitcoin to return to normal and sell it as soon as it reaches 6,100 dollars or higher

[jacker 1095]

of course I couldn't do anything because it was because I bought it for $ 6000. This means I spend more to buy but I can't blame anyone else because I lack recognition and analysis. I had a similar experience, very sad but it was my fault. As for borrowing money to buy me, I won't do it. This is extremely risky.

[Kamila 291]

I will simply place a sell order on the exchange at a price of $ 6050 and just forget about it , then after the price reaches this level, I will simply exchange the money received for other coins.