What To Do When The Bitcoin Price is Going Down

in bitcoin •  7 years ago 

You check the price all the time. You’re worried. You have hope. And then you worry again.

What to do when the price is going down?

image

HODL

Hold on, and listen to this song:

And you’ll feel like this again:

image

Susanne

bitcoin cryptocurrency norway life blog
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$86.07
  • Past Payouts $86.07
  • - Author $68.59
  • - Curators $17.48
35 votes
13
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    That is a exactly the way to hold bitcoin :) Lightning Network is in testing stage right now as we speak, and you guys can all test it on testnet right now. BTC will come back, and when it does... when it does......


    https://www.reddit.com/r/Bitcoin/comments/7kv04t/you_can_try_a_testnet_bitcoin_lightning/

    @kiimo

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.18
    • Past Payouts $1.18
    • - Author $1.06
    • - Curators $0.12
    3 votes
    [-]
      ·  7 years ago (edited)

    @sussane, what you are describing is a very real concern.

    There are two main buying statgies:

    1. Buy low and sell high - This has the greatest reward, but you can lose out if you start freaking out.
    2. Buy the same amount (in fiat) per month. This way your average purchase over the course of a set time frame will even out. This is great for a HODL strategy.

    When emotions start running wild, we have to step back and take a few deep breaths.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.03
    • Past Payouts $0.03
    • - Author $0.02
    • - Curators $0.01
    1 vote
    [-]
      ·  7 years ago 

    listen to bob marleys song and then hodl hodl hodl

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  7 years ago 

      True that. Thank you for stopping by me lil ol posts. Cheers to HODL that ZEN.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  7 years ago 

        That bitcoin though... taking us through a wild rollercoaster ride 😅

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          [-]
            ·  7 years ago 

          You are right, Actually you meditate, and cool off from the heat. This post is funny

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            [-]
              ·  7 years ago 

            LOL, @susanne! I look at prices each day, and have been sticking with the recommendations from my newsletter subscription on crypto investments... My mind is blown by finding my center and knowing that the path is unfolding before our eyes! This world has become a place for the success of entrepreneurs!

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            $0.00
              [-]
                ·  7 years ago 

              Same here!!!
              Like Bob Marley sings "No woman no cry"..."everything's gonna be alright" !!!

              Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

              • Disagreement on rewards
              • Fraud or plagiarism
              • Hate speech or trolling
              • Miscategorized content or spam

              Submit
              $0.00
                [-]
                  ·  7 years ago 

                Good post @susanne !!!! It's pure adrenaline

                Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                • Disagreement on rewards
                • Fraud or plagiarism
                • Hate speech or trolling
                • Miscategorized content or spam

                Submit
                $0.00
                  [-]
                    ·  7 years ago 

                  Susanne, Thank You for being on Steemit.
                  Delighted to be sharing your tasty smoothie in this week's
                  JTS SteeMagazine.

                  Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                  • Disagreement on rewards
                  • Fraud or plagiarism
                  • Hate speech or trolling
                  • Miscategorized content or spam

                  Submit
                  $0.00
                    [-]
                      ·  7 years ago 

                    Great advice! You could se that yesterday when BTC spiked just 1000 USD there was some panic in alts. If you have active trades now stop loss is a must in my opinion. Always good to hodl some decent % btc and eth. But also the x10 potential in alts is greater than btc at this point thats why i think diversifying is good. What @Kiimo wrote could see serious gains in btc too but the x 10 and beyound is greater in alts imho.

                    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                    • Disagreement on rewards
                    • Fraud or plagiarism
                    • Hate speech or trolling
                    • Miscategorized content or spam

                    Submit
                    $0.00
                      [-]
                        ·  7 years ago (edited)

                      Diversify (y) Woop woop! What's better than staring at 1 red number; staring at 10 red numbers :D

                      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                      • Disagreement on rewards
                      • Fraud or plagiarism
                      • Hate speech or trolling
                      • Miscategorized content or spam

                      Submit
                      $0.00
                        [-]
                          ·  7 years ago 

                        Hold and sell right before the crash...whenever that will be :D

                        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                        • Disagreement on rewards
                        • Fraud or plagiarism
                        • Hate speech or trolling
                        • Miscategorized content or spam

                        Submit
                        $0.00