foreseeing a plunge of price, what would you do?

[electronicash]

let says you have just bought today because the price already dip down to $63k a few hours ago and then a post somewhere like this topic says that price may dump more down to $40k.



maybe the price has to dip that low in order for the market to have a good momentum in the next bull run, would you dump your coins and wait for the dump to buy at $40k on spot or would you rather go shorting on futures?

[Rruchi man]

let says you have just bought today because the price already dip down to $63k

Someone who just bought cryptocurrency like bitcoin today and already experiencing a dip in price is fairly inexperienced, and has a higher chance of responding to their emotions to sell.

 More experienced investors know patience in the market and have better mastered their emotions. They know market behaviour and understand that the market dips and will also peak, it all just in a matter of time. Rather than selling, change to a stable coin and wait for the market.

[electronicash]

let says you have just bought today because the price already dip down to $63k

Someone who just bought cryptocurrency like bitcoin today and already experiencing a dip in price is fairly inexperienced, and has a higher chance of responding to their emotions to sell.

 More experienced investors know patience in the market and have better mastered their emotions. They know market behaviour and understand that the market dips and will also peak, it all just in a matter of time. Rather than selling, change to a stable coin and wait for the market.

this is exactly option one.
dump/trade them to usdt and buy $40k. the one thing that is wasted however is that this is an opportunity to make money in the future market when you short.

say someone like you whose been a seasoned trader already and then got the info about the possible dump and you analyzed it and confirmed to be a right signal.  you still be on spot?

[akeemqaz]

If Bitcoin drop to 40k, I'm buying more on spot market. I cant short because I don't expect Bitcoin to go below $59k because of the buying pressure surrounding it. Although your analysis looks realistic, this is crypto. There are different factors that determine price movements.

[jeraldskie11]

Personally, I will not sell my assets just because of a seeing a thread somewhere saying that the price will go deeper. I believe that no one can predict the price and it's too far to be able to analyze what will happen next to the price of Bitcoin. But if ever the price comes to that price I will only keep buying everytime the price goes deeper, and it's what we called DCA.

[Jamal Aezaz]

I think if someone buys Bitcoin at a certain price then he should not regret it when the price goes down because there is a solution to it which is to increase your target of selling and your target always depends on your buying price. If you have bought Bitcoin at 63k$ and suddenly it reduces to 40k$ then there is nothing to worry about because you can invest more at the cost of 40k$ and continue your investment until your target gets completed.

We should not wait for a specific value to buy bitcoin because we don't know when it will happen so we can miss  many chances of making money therefore it will be useful if someone buys Bitcoin when his accumulation of money gets completed.

[milewilda]

Personally, I will not sell my assets just because of a seeing a thread somewhere saying that the price will go deeper. I believe that no one can predict the price and it's too far to be able to analyze what will happen next to the price of Bitcoin. But if ever the price comes to that price I will only keep buying everytime the price goes deeper, and it's what we called DCA.

It would be better to be observant rather than on making  yourself to be a believer but it isnt really that bad to make yourself having those kind of approach that you might considering on applying into your own analysis. Yes, there's no one would really be able to predict the future and this is why it would really be tons of speculations and predictions that would really be flying around.
It would really be just that depending on you whether you would really be that applying into your own or would be sticking with your own.

[yhiaali3]

Although I do not think - As I hope - that the price will not fall to 40K$, but it is a possibility. In such a case, if I am sure that the price will fall, I prefer to sell at the current price in the spot market and then wait for the decline in order to buy at a lower price.

I do not prefer short selling in futures because I simply do not like trading futures because I think it is too risky so I prefer to sell spot and wait for the drop to buy from below.

[electronicash]

Although I do not think - As I hope - that the price will not fall to 40K$, but it is a possibility. In such a case, if I am sure that the price will fall, I prefer to sell at the current price in the spot market and then wait for the decline in order to buy at a lower price.

I do not prefer short selling in futures because I simply do not like trading futures because I think it is too risky so I prefer to sell spot and wait for the drop to buy from below.

if i have to make it sound moderately maybe around $51k. that's sort of a drop for the market to be oversold. its doesn't sound so bad if you have sold recently when the signal was received. the sentiment change will probably make people panic imo, which means those guys will keep dumping to minimize the loss if it really goers to worse.

for the few of saw the price dive coming and switched to futures, it must be worth satisfying. 

German government dumps 50, 000 BTC and MtGox users to receive 143,000 BTC which are likely to be sold cheaper.
i can only assume German government is about to buy back the coins the Mtgoxc users are going to sell for cheap price.

[SamReomo]

Bitcoin dumped very badly the last week and it's still below $60k if those who opened a short position after reading your post then they would have made some good profits from it. I'm not sure that Bitcoin will face another dump or not but surely those who have proper knowledge about some altcoins can make some profits by buying those altcoins cheaper due to Bitcoin's recent DIP.

[Zed0X]

It's interesting to see the chart from Coingecko showing that the market cap continues to fall in the last 24H while the trading volume is going up. Are we likely to see a little reversal soon?

I think $40K is too low but, hey, we've seen dumps like that before.

[MrSpasybo]

It's interesting to see the chart from Coingecko showing that the market cap continues to fall in the last 24H while the trading volume is going up. Are we likely to see a little reversal soon?

I think $40K is too low but, hey, we've seen dumps like that before.

We might be witnessing a BTC price manipulation event to allow whales to accumulate more tokens before the bullrun. The high trading volume indicates that there are always investors willing to buy tokens at the current price zone. As you suggested: we might be about to see a trend change: from re-accumulation to growth.

I also don't think BTC can retest the $40K zone even though it's the Fibo 0.382. If this happens, I'm afraid many ALTS will have new lows and the market will be plunged into fear. I hope we will see a market breakout after ETH Spot ETFs are officially traded!

[yhiaali3]

if i have to make it sound moderately maybe around $51k. that's sort of a drop for the market to be oversold. its doesn't sound so bad if you have sold recently when the signal was received. the sentiment change will probably make people panic imo, which means those guys will keep dumping to minimize the loss if it really goers to worse.

Yes, 50-51 thousand dollars seems acceptable. Yesterday, Bitcoin fell to 58 thousand, so it is a very possible scenario for it to fall to 50 K, since we are now in the fifties area.

Many people will now start to panic and abandon Bitcoin due to their lack of experience and impatience. They will leave their precious Bitcoin to be eaten by whales, and then they will regret it later because they do not know that a major correction is followed by a major rise.

[LogitechMouse]

let says you have just bought today because the price already dip down to $63k a few hours ago and then a post somewhere like this topic says that price may dump more down to $40k.
~
maybe the price has to dip that low in order for the market to have a good momentum in the next bull run, would you dump your coins and wait for the dump to buy at $40k on spot or would you rather go shorting on futures?

Neither of the two.
Panic selling is not in my vocabulary, and futures trading isn't my thing as well.

I will not dump my coins and instead, I will buy more if that happens. I will not do shorting on futures as well because instead of making money, I might lose even more if I do it. TBH, I'm a bit surprised with how the market is moving right now, but just a few hours ago, it seems like the market is starting to go up again after that massive selling pressure. For me, it's a good time to buy not only Bitcoin, but other altcoins as well.

[Husires]

dump more down to $40k currently seems far away as the Fibonacci retrenchment level is at $56,213 and both the RSI and AO are below levels of 50 and zero.
Therefore, if the current price levels are broken, the price will rebound before it reaches $56,213, and if that happens, it still needs a lot to see $40k.
I see that the worst has already happened and we will be at these levels until the end of this month.