The present disclosure relates to tip-down devices used in fishing and particularly adapted for use in ice fishing. In various exemplary embodiments, the tip down includes a pivoting rod holder wherein the fishing rod pivots between two positions and automatically moves away from intermediate positions, the two positions differing in the tip of the fishing rod being held upward or downward. In various exemplary embodiments, the disclosed tip-down includes a line clip, which is used to temporarily hold the fishing line in place (e.g., at a point between the reel and the first eye of the fishing rod). The disclosed tip-down the fishing rod to be set up in a way that allows a fish to take the bait and attempt to swim away without resistance from the fishing line or rod while still indicating a strike and allowing the user, who may be remote from the fishing rod, time to respond.