Bitcoin Drops to $70k: What Now?

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alex23Legendary
Posts: 23 · Reputation: 5978
#1Feb 16, 2018, 06:31 PM
So bitcoin’s chilling at $70k right now... for those who bought it when it hit $90k or $100k, what’s the plan? Are you selling and taking a loss or holding on, hoping it bounces back? Seriously, check Bitcoin's history before you decide anything.
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silentgasLegendary
Posts: 1 · Reputation: 5168
#2Feb 16, 2018, 09:14 PM
It might get worse before we see a recovery.
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dave_s3edNewbie
Posts: 17 · Reputation: 23
#3Feb 17, 2018, 01:27 AM
This drop feels kinda orchestrated, not gonna lie. Demand drives the market, and with gold catching more eyes lately, I bet a lot are gonna shift towards BTC soon. But yeah, DCA is the move. I’m still stacking.
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CalmMinerFull Member
Posts: 554 · Reputation: 784
#4Feb 17, 2018, 04:39 AM
Bitcoin’s at $70k, but it already dipped to 69k. Remember when everyone was happy at 69k? People predicted 150k or even 250k... could happen, but maybe not this cycle. If you’ve been here long enough, you know we go through these bear phases.
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nonce_cipherFull Member
Posts: 45 · Reputation: 260
#5Feb 17, 2018, 05:28 AM
If your cash flow allows, now’s probably the time to grab some BTC at this price. No panic selling needed, especially for those who bought high. Just think smart about future purchases.
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b34r2013Senior Member
Posts: 80 · Reputation: 1819
#6Feb 18, 2018, 10:16 AM
Same ol' bitcoin, right? People refused to sell over 100k and now they’re sweating. Selling at a loss? Just dumb. It’s like getting lowballed on your car after you paid full price. If you bought BTC at 100k, are you really gonna take 70k now?
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GrimWh4leNewbie
Posts: 28 · Reputation: 11
#7Feb 18, 2018, 12:20 PM
Bear season is what everyone is waiting for, right? Many are gearing up to load up on BTC for the long haul. At 69k, it’s prime time to keep accumulating. Sure, it might dip lower, but it’s all part of the game.
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pr0to88Member
Posts: 1222 · Reputation: 235
#8Feb 18, 2018, 01:45 PM
I copped two today. Gonna keep buying this year.
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noty0urkeysSenior Member
Posts: 64 · Reputation: 834
#9Feb 19, 2018, 08:35 AM
Bitcoin's dropped a ton, definitely not a good time to panic sell unless you’re in a bind. Buying now? That’s a personal choice but usually, the trend is leaning towards accumulation.
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Posts: 65 · Reputation: 28
#10Feb 19, 2018, 02:52 PM
It's actually down to 65k now. Prices are wild. Selling at a loss? No thanks. Holding and buying more while the price is low sounds like the plan to me.
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Posts: 186 · Reputation: 80
#11Feb 19, 2018, 03:18 PM
Let’s channel our buying energy right now. While some are upset, others are stoked about finally getting a buying opportunity. Could go as low as 60k by month’s end, so might as well buy more and not take losses.
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sigma_nodeSenior Member
Posts: 94 · Reputation: 1851
#12Feb 19, 2018, 08:38 PM
As of your post, it’s down to 64.8k today. Rapid drop. Holding tight and buying the dip is my strategy, just wish I had more cash to buy more.
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markgasNewbie
Posts: 4 · Reputation: 32
#13Feb 19, 2018, 11:48 PM
Man, BTC is heading down to 65K. It could hit 60k too. But this is a unique opportunity to buy more. Last time it was this low was over a year ago. Think buying, not selling.
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basedbyteNewbie
Posts: 54 · Reputation: 7
#14Feb 20, 2018, 04:08 AM
Best time to buy is when it’s down; around 66k now. Fact is, negativity spikes during bear markets. But if you believe in Bitcoin long-term, ignore the noise and keep buying. History shows it pays off.
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alpha2020Senior Member
Posts: 45 · Reputation: 895
#15Feb 20, 2018, 05:15 AM
If you bought high, don’t sell. Just hold your ground. Holding is key to avoiding losses, and this drop is a chance to buy the dip.
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0xLaserFull Member
Posts: 252 · Reputation: 641
#16Feb 20, 2018, 09:43 AM
I'm not selling either. I barely touch my BTC, and I’m focused on accumulating more, especially now. New investors should see this as a buying chance.
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kevin_atlasFull Member
Posts: 178 · Reputation: 589
#17Feb 20, 2018, 10:41 AM
We could see a bounce soon, but right now it’s looking dicey. The 200 week moving average is nearby, and I expect we’ll revisit that soon as a check-in.
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orbit_2015Senior Member
Posts: 11 · Reputation: 863
#18Feb 20, 2018, 04:36 PM
Anyone with a long-term view won’t even consider selling now. Time to stack and hold. Bitcoin has shown it can bounce back after dips.
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Posts: 4 · Reputation: 26
#19Feb 20, 2018, 07:09 PM
Sick of the doom and gloom. Bitcoin always has these cycles. If you’re still shocked by the crash, that’s on you. It’s just another cycle like 2014, 2017, and 2021.
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Posts: 65 · Reputation: 15
#20Feb 20, 2018, 09:20 PM
It’s unpredictable as ever. Can’t believe the drop since November. Some folks are saying BTC will hit 300k this year. I just don’t know what to think anymore.
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