Although many will not find it easy to bear it in my case I think I will just move on with my job as usually I believe in life there always a trial and when this trial comes it is left for us to choose our options is it to go back to a low life or to focus on a bigger life ahead of us.
Bitcoin has helped many life's today so we do not pray for it downfall
Topic: What will you do if bitcoin crash? (Read 1746 times)
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Unless what you meant is that if today there is nothing like bitcoin anymore. Then I look for a good altcoin and continue. Or do you mean the crash of cryptocurrency as a whole. That wouldn't be possible of course, unless you have to shutdown the internet.
Unless what you meant is that if today there is nothing like bitcoin anymore. Then I look for a good altcoin and continue. Or do you mean the crash of cryptocurrency as a whole. That wouldn't be possible of course, unless you have to shutdown the internet.
If any critical problem will destroy bitcoin, then no altcoin can stand on its place, as for at the moment. Bitcoin still is perceived like all crypto for too many, so its safety impacts all crypto. Maybe someday some other projects can become enough independent, but that day hasn't come yet. That's why it is so important for bitcoin devs to be very attentive and careful and even sometimes conservative. Bitcoin's success is important for all of us.
If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
It all depends on your definition of crash. Bitcoin has crashed so many times but after every crash it finds its way back to the bull track. Bitcoin has died so many times in the thinking and understanding of many. But after each death it resurrects again.
So, if bitcoin crashes today I will simply seize the opportunity to buy more bitcoins.
Unless what you meant is that if today there is nothing like bitcoin anymore. Then I look for a good altcoin and continue. Or do you mean the crash of cryptocurrency as a whole. That wouldn't be possible of course, unless you have to shutdown the internet.
If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
I buy Bitcoin as a long term investment and I am not willing to give my money to anyone else. I will hold bitcoins in my own wallet. If the bitcoin crash happened today, my fortune would be blown. Because I had the opportunity to buy some bitcoins. I want Bitcoin to crash but the reality is different. That is never possible. btc was already above $30k there is no shortage of buyers to buy at 28 or 29k so how can i expect bitcoin crash. At the moment I am a Bitcoin holder and when the price of BTC drops again as a buyer I will try to buy btc as much as possible. So don't expect anything that doesn't correspond to reality. Even if the price of BTC goes down, my attraction to BTC will never decrease. If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
This is not the only investment channel for me, although it can be said that it is my favorite market regardless of what I have invested in and made a profit or a loss. I find that a market crash won't make me poorer either, because my life is really simple and nothing has changed after many years, maybe a little economic change personally, but it didn't freak me out either. I still have a piece of land for farming and provide myself with the essentials of daily living.Before I knew about crypto I was just an ordinary person and even if I no longer participate in this market, I suspect I will still keep a simple lifestyle or may be considered poor for many people.
I will never assume bitcoin to crash yet when every other cryptocurrencies are still existing, bitcoin being the most reliable digital currency is made complete by Satoshi Nakamoto because he happens to be the first to succeed in this long term journey many had been into, not only that, bitcoin is a digital currency and cannot crash because it's an acceptable means of legal tender and people are adopting it's acceptabilities everywhere because they want financial freedom.
If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
Being rich or poor is only a state of mind. You can be rich right now even just you're building with it.
So if you ask whether I will become rich or poor, I will remain rich. Because of the fact that I already accepted the risk of investing in crypto. Means whatever I put in it, I already deemed it as 0$ investment loss. I am willing to loose because it's normal.
The thing is IF BITCOIN CRASH? I will only lose money because I will not sell my position out of fear. Instead, I will go buy more in lower prices. It's in a discounted prices as it is crashing so why not DCA and Invest more. I am here the long game so I don't mind momentary drops in prices. That is the advantae of having a investment plans and sticking with it. You're less likely to get into your emtion and make emotional decisions. Instead we create a reasonable decision and create greater wealth in the future. Because BTC is the future.
If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
Situation will change its never remain same so if bitcoin crash then instead of taking tension and become helpless we can do something which keep us calm and focus on situations. First thing is try to stay calm, just need to have some patience, we need to act with a cool head. Don't make any emotional decisions, especially when trading, rarely results in anything good happening. If we became panic this time and start trading in such situation then we may lose everything which we have.
Just do my usual work and I can be fine.
There’s a lot of uncertainty with Bitcoin, and if you depend on that much you’re probably on a big trouble once this market collapse. Going all in is not advisable at all regardless of your reason, because for me its greed and being greedy can’t help you that much. If Bitcoin crashes today, many will surely happen but you can save yourself if you’ll do something now to assess your exposure with Bitcoin, just take the risk you can afford.
There’s a lot of uncertainty with Bitcoin, and if you depend on that much you’re probably on a big trouble once this market collapse. Going all in is not advisable at all regardless of your reason, because for me its greed and being greedy can’t help you that much. If Bitcoin crashes today, many will surely happen but you can save yourself if you’ll do something now to assess your exposure with Bitcoin, just take the risk you can afford.
Agree with you A person should invest some amount in Bitcoin but he should think that bitcoin will enhance the value as well as it can also destroy his financial status so putting overall amount in a single coin is not advisable as market does not guaranteed your profit.
There are lots of people who when notice increase in price and get benefit from it then they think that there is no other thing which can offer them huge profit like this and in this way they sell all their useful and precious things to buy bitcoin. They forget about the thing that the price of house cannot decrease but it will provide you shelter but on the other hand bitcoin can make you poor by doing wrong decision. This is a type of greed so when we are interested in investment so we should get rid of this behaviour as greed can destroy our future.
Good point as you need to really do your research before putting a huge amount of investment with this market, if you follow your greed then the chance to go broke is possible, like with your example, if you think you already know the possible outcome and you go all in, just one major dump that will take place the sure thing that will happen is you will panic and sell the remaining balance, things that cannot be avoided when you made a wrong decision making while investing to this market.
If bitcoin crashes, I'd be good. I'd try to cash out whatever was left of my bitcoin savings, and get on with my life because I have diversified my investments, from crypto to real estate, and had also made sure that I could only invest what I could afford to lose, so whatever money that was lost to me is fine, I could recuperate and recover one way or another without selling all my stuff on craigslist.
Bitcoin crashing is something that we couldn't really expect nowadays considering how "stable" bitcoin's value is at the moment, and how positive the uptrend of bitcoin's value is thus far. But if it does happen, I'm ready. I'm not gonna go dirt-poor.
Bitcoin crashing is something that we couldn't really expect nowadays considering how "stable" bitcoin's value is at the moment, and how positive the uptrend of bitcoin's value is thus far. But if it does happen, I'm ready. I'm not gonna go dirt-poor.
Just do my usual work and I can be fine.
There’s a lot of uncertainty with Bitcoin, and if you depend on that much you’re probably on a big trouble once this market collapse. Going all in is not advisable at all regardless of your reason, because for me its greed and being greedy can’t help you that much. If Bitcoin crashes today, many will surely happen but you can save yourself if you’ll do something now to assess your exposure with Bitcoin, just take the risk you can afford.
There’s a lot of uncertainty with Bitcoin, and if you depend on that much you’re probably on a big trouble once this market collapse. Going all in is not advisable at all regardless of your reason, because for me its greed and being greedy can’t help you that much. If Bitcoin crashes today, many will surely happen but you can save yourself if you’ll do something now to assess your exposure with Bitcoin, just take the risk you can afford.
Agree with you A person should invest some amount in Bitcoin but he should think that bitcoin will enhance the value as well as it can also destroy his financial status so putting overall amount in a single coin is not advisable as market does not guaranteed your profit.
There are lots of people who when notice increase in price and get benefit from it then they think that there is no other thing which can offer them huge profit like this and in this way they sell all their useful and precious things to buy bitcoin. They forget about the thing that the price of house cannot decrease but it will provide you shelter but on the other hand bitcoin can make you poor by doing wrong decision. This is a type of greed so when we are interested in investment so we should get rid of this behaviour as greed can destroy our future.
If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
At first, I would call your attention to the phrase which is popular onboard this platform
" invest what you can afford to loose" this is where many miss out in making investment decision in bitcoin. Another thing I noticed off lately is the rate at which complaints have been on the air partaining to bitcoin related investment. Many are still ignorant of the ethics in bitcoin investment while some are adamant to hid to advise not until they see what is about to befall them.
As for me I have nothing to loose because I do not believe bitcoin would crash as I do not have that reasoning mentality like you to think that bitcoin would crash. If it does may be it is likely to be a price drop so it would be an avenue to accumulate more bitcoin while waiting for the bull run.
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Thus, owning Bitcoin directly or without getting exposure to a centralized service implies much lower risk than depending on that service.
Thus, owning Bitcoin directly or without getting exposure to a centralized service implies much lower risk than depending on that service.
It's correct, but even if we hold our savings on our own address there is a risk anyway: losing control over keys is possible not depending on how cautious we with their safety. So bitcoin can stay safe, not crash any how and we still can lose our savings. To keep in mind this probability is not what should be paranoid but what should motivate us for cautiousness each time we work with crypto. And to diversify our savings is not so bad idea even if we hope that bitcoin is not going to crash in the near future.
If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
People who put all their savings in one basket are surely risking the lifestyle of themselves and their children. Bitcoin used to be a good investment and is supposed to continue this way for a few years, but that doesn't deny risk is always associated with every investment.
The example you mentioned lost his money to a service that offers exposure to Bitcoin and crypto currencies, not in Bitcoin itself, and these two cases are completely different. When someone deposits money to a centralized service, they should consider the possibility of this service turning into a scam or getting terminated by the government, so Bitcoin has no guilt in this case. In the same context, we witnessed the shut down of many crypto exchanges, in which people lost millions of dollars and they haven't been compensated till now. On the other hand, Bitcoin is still running and fluctuating in price. Thus, owning Bitcoin directly or without getting exposure to a centralized service implies much lower risk than depending on that service.
As long as you can cater your allocated budget for your investment, top 10 alts or staying with both Bitcoin and ETH if you think that it will bring decent benefits in the long-run then go and invest, there are lots of factors in terms of market movement, patience and knowledge with the business you are investing will be a big help to achieve your goals.
Just don't place your investment blindly always has enough time to DYOR and for sure it will help you to recognize what kind of investment that will going to fit with the type/class of investor you are.
If we are considering investing in altcoins, in case if bitcoin crash, then this option will probably not be very good for us, because if something like this happens to bitcoin, then very difficult times will also come for altcoins.Just don't place your investment blindly always has enough time to DYOR and for sure it will help you to recognize what kind of investment that will going to fit with the type/class of investor you are.
At the initial stage of investing, those who do not have very large capital will tend to more risky investments, this is normal, and often the risks justify themselves. But when the capital reaches significant values, then it is worth considering how to diversify our investment portfolio. it is difficult to predict what failures may await us, but if we distribute the risks, then our chances of success will increase.
If Bitcoin Crash will certainly be a problem for many people, millions of people work in Bitcoin and all things that are related to cryptocurrencies, if Crash certainly increases unemployment, especially now it is increasingly difficult to make money because of the problem of global economic recession.
If bitcoin crashes of course I will focus on running a business, right now I have a small business that is producing and marketing clothes, I pay 3 employees, but because there are still not many sales results, I use my free time for crypto trading.
I can't really imagine if bitcoin crashed and lost its value. Though let's just say now that i think it is okay for me because I don't always go all in on one investment, which is why I don't go broke, and also for those investors who know the risk, it is okay for them because they already know the risk. Though speaking the truth and letting's not imagine it, this is not possible unless there is no internet, no electricity, and war in the world.
"what if bitcoin crashes today", well I just do what humans are best known for which is adaptation. I guess as you said we all cant imagine such a situation happening in today modern world as bitcoin itself is not control by any individual so the likely possibility of its crashing is very low, the only situation that could actually lead to such thing happening is when the entire global network shuts down which is very much impossible to happen except a war fought with nuclear weapons occur. I think these points of yours given are the only way bitcoin could actually crash because no one controls and everyone also controls it, so it's going to be hard to imagine such thing happening. 
This will be so serious. It will affect alot of people. Most millionaires may likely turn to zeronaire. But for me I don't think it will have much effect on me since I don't have much of it.
even though we have placed bitcoin as an investment in cryptocurrency with the lowest risk, but I personally also want bigger profits, so I also choose safe altcoins to invest. eth and bnb are safe investment choices in altcoins, both of them have a high level of trust by investors, so diversification needs to be done so that our profits increase but also does not leave the risk safety factor in investing. for my long term investment needs eth and bnb for 25% each and the rest for bitcoin. sometimes I also use small money to buy new altcoins, just as a testament to luck
Nice portfolio with a combination of Bitcoin, ETH, BNB and new altcoins, but I'm ignoring new altcoin options because it's too risky to invest and 3 coins are enough to hold long term, I don't worry if the market crashes because those 3 coins definitely have high potential to achieve a high price recovery in the halving period. We expect that after or before the halving there will be a significant increase for bitcoin so that some other altcoins will have the same increasing effect and we can't wait to achieve maximum profit in the future.the most important thing if you do go for long term.Speaking about Bitcoin crash, then how many times we've been able to witness this? If you've been here on this market for a while now
then it wont really be that shocking anymore for you to see thins condition.Instead you would be making yourself that in panic, you would rather see up these things
to be that an opportunity for you to buy more if you are really that going for long term.
As long as you can cater your allocated budget for your investment, top 10 alts or staying with both Bitcoin and ETH if you think that it will bring decent benefits in the long-run then go and invest, there are lots of factors in terms of market movement, patience and knowledge with the business you are investing will be a big help to achieve your goals.
Just don't place your investment blindly always has enough time to DYOR and for sure it will help you to recognize what kind of investment that will going to fit with the type/class of investor you are.
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