If bitcoin price down, will you hold or cut your loss?

[toptrader]

If you buy bitcoin at a high price and bitcoin price goes down what will you do guys? Will you cut your losses or hold it?

 

[jbreher]

Bitcoin is a very volatile rollercoaster, with a very strong up trend in the long term. There are only ~30 days in Bitcoin's history that you might have bought in, and found yourself today holding Bitcoins that have lower value than your buy-in. This should tell you all you need to know to answer the question for yourself.

(hint: HODL)

 

[toptrader]

Bitcoin is a very volatile rollercoaster, with a very strong up trend in the long term. There are only ~30 days in Bitcoin's history that you might have bought in, and found yourself today holding Bitcoins that have lower value than your buy-in. This should tell you all you need to know to answer the question for yourself.

(hint: HODL)

Yes, I agree with you. The cost of bitcoin is constantly increasing, so there is nothing to be afraid of.