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Will you quit if Bitcoin falls back to $15k range?

Joseph

Joseph

New member
BTC have seen a dramatic crash since February after Bybit was hacked. It has BTC crash from $105k+ back down to $81k today. Do you think it's going to fall back to $15k+ range it was last 2 years ago?

Will you quit of Bitcoin falls back to $15k range?
 
It is definitely going to be something of a serious concern should Bitcoin fall from the range of $85,000 it is currently at down to $15,000. Older investors will definitely lose hope in BTC and cryptocurrency in general.
 
This is definitely not going to happen, maybe the lowest it can fall back to is $50k. If it should fall lower than that then it is the end for cryptocurrency.
 
I wouldn't mind because some times few years ago, Bitcoin fell from around $60k or so to $18k or $19k. If it falls to $15k, I will buy more and wait to see what will happen.
 
I don't think that I am going to stop trading should such a situation occur. It is just normal and what I should have expected to have happened considering the high volatility nature of Bitcoin.
 
I've never been into buying and holding BTC to appreciate before I sell. I only trade on cryptocurrency exchange site Futures using my USDT. I will trade BTC at any price it drops or hikes to.
 
Jeff said:
I've never been into buying and holding BTC to appreciate before I sell. I only trade on cryptocurrency exchange site Futures using my USDT. I will trade BTC at any price it drops or hikes to.
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You are not a holder, so you are not actually affected that much. If it is someone that has bought for the king term they will definitely feel it.
 
Kennysplash said:
You are not a holder, so you are not actually affected that much. If it is someone that has bought for the king term they will definitely feel it.
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It's very risky being a cryptocurrency holder because when coins dip and take too long to recover, there's always the temptation to sell off and be over with it.
 
There is no point quitting. I am going to keep riding the wave till that moment and won't be tired of doing so. I have traded some ranges and will also do so once such get to happen.
 
I don't think Bitcoin would ever come back down to $15k looking at where the price is currently but if that should happen, I would categorically call it the end of cryptocurrency.
 
TraderFX said:
i would sell everything to buy more hope that day comes soon lol
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This is exactly what I would do too because it's the opportunity we have all been praying for to come and when it does come, I'll make sure to take advantage of it.
 
Kennysplash said:
That means you are already selling at a huge loss. Why don’t you just keep holding on to it?
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I think you probably misunderstood what he was trying to say. I believe he was trying to say that he's going to sell everything that he has and use the money to invest in Bitcoin, hoping that the price will increased as soon as possible.
 
BTC might not fall back to $15 but if it ever did, some people will make use of the opportunity to buy more coins. Even if I'm not an investor, many people will lost in BTC and cryptocurrency because falling from higher to lower is just like being bankrupt.
 
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