What will you do if bitcoin crash? - page 10.

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Quote from: Cling18 on February 24, 2023, 11:23:27 AM

If that happens, I will still stand firm and try my luck with other investments but knowing Bitcoin, I know for sure that it will not crash as others think. It has been through different market cycles and has been through lots of challenges so it will not fall that easy. For now, my focus is to buy and invest more Bitcoin while I'm still capable because I still want to grab the profitable chance of earning when the bull market happens.

Bitcoin crash won't also happen in a just blink of an eye. It surely goes with a process and lots of resistance will be breached first before the actual big crash. I also don't see any reason why bitcoin should crash to the point that it will go no value.

A global pandemic already happened where we experienced a once-in-a-lifetime economic crash to the bottom but cryptocurrency, especially Bitcoin, remains standing strong and in fact, even shows bullish activity during the pandemic.

Just trust Bitcoin and forget this stuff about the total crash.

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Quote from: QuinielaPosible on February 24, 2023, 10:48:28 AM

If bitcoin crashed i would rapidly move on to the next thing and keep building Grin

The question is, why do you have to move on to the next thing too quickly because in general you yourself also don't know whether there will be an advantage in the next thing or you will also experience the same thing as now. My advice is don't move too quickly and judge something very badly when you haven't made a profit or something like that on Bitcoin, because when you want profits on Bitcoin, you also have to be able to hold it very patiently and well.

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Quote from: Issa56 on February 24, 2023, 05:17:02 PM

If Bitcoin crash, I will still be holding my bitcoin, the only thing that will crash is the price and the bitcoin am holding will still remain the same. You said a man in your area invested in BARAZAR? actually I don't really know what it's all about but it might be a ponzi scheme, you don't have to compare those investments with bitcoin investment. Bitcoin have faced lots of challenges previously, by now bitcoin should have been dead, but the only thing that do happen is crash in price and bitcoin is always bouncing back hardly, so even bitcoin crashes just hold it will bounce back.

Comparing bitcoin with investment scam is very imprecise, I didn't know BARAZAR before and maybe it's a ponzi scheme investment because he wanted instant profit that's why he sold the house to invest in BARAZAR, last year many people lost because of investment for trading robots and they suffered big losses . Bitcoin has existed for more than 14 years without any fraud accusations so don't attribute external factors to the scam project, because bitcoin investment is much better than other investments.

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Quote from: molsewid on February 24, 2023, 04:16:43 PM

If it happens, my life will still the same, working too hard in corpo and don't have investments. Right now I only have small amount of Bitcoins because I am budgeting my salary, other people already posted this kind of question online in different social media,

The same as me, I'll just continue working in the corporate world but this time it's no longer the same as before that I've got no investments. I've got some investments that I've managed to earn and establish through my profits in bitcoin and probably it will make my life easier as it generates some profit enough to cover some of my bills.

Quote from: molsewid on February 24, 2023, 04:16:43 PM

but i will not believe that bitcoin will gone as well as other cryptocurrency, many people still call it scam if it crashes and gone it can bring them joy at last.

It's here to stay and it won't be gone just now in an instant. It's like the blue-chip stocks that we've got in the stock market.

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Quote from: so98nn on February 24, 2023, 01:27:13 PM

If bitcoin is crashing in terms of value just like bear or something then I would go and buy more at discounted prices. Move most of the bitcoin in a cold storage and forget about them until next bull run comes by. If bitcoin crash continues further the bought range then I will buy more so that can I start doing dollar cost averaging and shifting my BEP to far lower rates to keep my portfolio in the positive side.

I would do the same if it is just another part of the Bitcoin cycle but if Bitcoin is crashing for good to he point of worthlessness, the I think I will be selling at a lost than end up bagholding worthless coins. Though it looks like it is impossible to happen today but cryptocurrency market is crazy so we better be prepared for it.

There is no point of holding worthless coins so better cash out and move on.

Issa56

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Quote from: uche6215 on February 16, 2023, 04:49:30 PM

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?

If Bitcoin crash, I will still be holding my bitcoin, the only thing that will crash is the price and the bitcoin am holding will still remain the same. You said a man in your area invested in BARAZAR? actually I don't really know what it's all about but it might be a ponzi scheme, you don't have to compare those investments with bitcoin investment. Bitcoin have faced lots of challenges previously, by now bitcoin should have been dead, but the only thing that do happen is crash in price and bitcoin is always bouncing back hardly, so even bitcoin crashes just hold it will bounce back.

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Quote from: uche6215 on February 16, 2023, 04:49:30 PM

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?

That person has a fate in Bitcoin. He believes that investing in Bitcoin gives him more profit rather than running a business but such kind of decision is not a smart decision for me ( and could be the others). I'd see a huge sacrifice on his part, he actually can afford to lose a huge amount but we're not sure as well if this is the only business he had or if there is another owned business that is why he is not afraid to sell them for the sake of Bitcoin investment.

If Bitcoin will crash today? Then many will lose their money...but no regrets because I was already prepared for such a thing if ever it happens.

molsewid

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Quote from: uche6215 on February 16, 2023, 04:49:30 PM

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?

If it happens, my life will still the same, working too hard in corpo and don't have investments. Right now I only have small amount of Bitcoins because I am budgeting my salary, other people already posted this kind of question online in different social media, but i will not believe that bitcoin will gone as well as other cryptocurrency, many people still call it scam if it crashes and gone it can bring them joy at last.

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Quote from: Cling18 on February 24, 2023, 11:23:27 AM

If that happens, I will still stand firm and try my luck with other investments but knowing Bitcoin, I know for sure that it will not crash as others think. It has been through different market cycles and has been through lots of challenges so it will not fall that easy. For now, my focus is to buy and invest more Bitcoin while I'm still capable because I still want to grab the profitable chance of earning when the bull market happens.

It is not today Bitcoin had been crashing so I am already used to Bitcoin crash and it will not affect me if it happens again. The market is full of surprises so if I see thiw kind of thing happening I know we are already used to it. It will be the newbies that are not that used to the system that would be disappointed with fears to sell there holdings. Cryptocurrency is very volatile and we need to be prepared for the worse and if the worse does not happen then the other way will be the case. Let's keep doing what works for us so that we can get what we want.

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Quote from: QuinielaPosible on February 24, 2023, 10:48:28 AM

If bitcoin crashed i would rapidly move on to the next thing and keep building Grin

Yeah, that seems like a good move. Move on to the next thing and if that next thing crashes also, I bet you would then move on to the next best big thing. Then when you’re all out of funds, you would then realize that the next thing you keep moving to could also fail and crash.
If you so rapidly move on to the next thing, I would advise you take it slow and easy. The next big thing could very well turn out to be a scam and would help themselves to all or most of your money.

so98nn

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If bitcoin is crashing in terms of value just like bear or something then I would go and buy more at discounted prices. Move most of the bitcoin in a cold storage and forget about them until next bull run comes by. If bitcoin crash continues further the bought range then I will buy more so that can I start doing dollar cost averaging and shifting my BEP to far lower rates to keep my portfolio in the positive side.

However, if you are saying bitcoin crash in a sense where its gonna go off, then definitely I will sell my bitcoins until time persist. But I would imagine by that time there wont be any "buyer" since it will be useless to buy bitcoin if it is gone. In that case I would just watch my bitcoins, my miners and ledger. I might just put them in showcase so that my grand children can ask about it in the future. Tongue

Cling18

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If that happens, I will still stand firm and try my luck with other investments but knowing Bitcoin, I know for sure that it will not crash as others think. It has been through different market cycles and has been through lots of challenges so it will not fall that easy. For now, my focus is to buy and invest more Bitcoin while I'm still capable because I still want to grab the profitable chance of earning when the bull market happens.

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If bitcoin crashed i would rapidly move on to the next thing and keep building Grin

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Quote from: romero121 on February 22, 2023, 06:59:09 PM

Quote from: RockBell on February 22, 2023, 03:46:52 PM

First and foremost, bitcoin is not a ponzi scheme through which you can get rich quick. Since most people find it difficult to tell the difference between the two, your mind may be wandering to the point of believing that bitcoin will crash. The annoying part is that people never learn because we are all so desperate and never certified as humans always looking for cheap opportunities.

Agreed, once people had such a thinking. Slowly that had faded away and people have begun to understand the reality of bitcoin and its need. Crash is part of any investment, so we need to keep ourselves prepared to meet the worst. This will keep ourselves on the safer side in all critical circumstances. Apart, better understanding and learning is a must. The wrong understanding too lands people into scam projects and experience loss as we were able to see good number of projects with the name bitcoin added to it.

Crash is actually not just a natural part of it, but also a benefit to you if you know what you are doing. If you invest accordingly, any crash could be the main reason why you got rich. You have some money right now? Invest and wait for the bull run and when that happens you are going to turn a few thousand dollars into millions of dollars.

First bitcoin will make you a lot of money, then other coins will, and then from your profits you could invest into many tiny small things and could turn that money into a huge wealth. I am not saying that it is a guaranteed method, of course many lose because of this, but crash could at least give you a chance to try this.

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Quote from: uche6215 on February 16, 2023, 04:49:30 PM

If bitcoin crash today, what will be your fate?

It will be a great beginning of the wealthy life for us bros cos we will get a chance to buy bitcoin CHEAP. So the only answer to all questions like "what would you do if bitcoin will go down" is that we will buy it.
And it can't die anyway so it's impossible for bitcoin to crash to 0, its value in its technology.

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Quote from: RockBell on February 22, 2023, 03:46:52 PM

Quote from: uche6215 on February 16, 2023, 04:49:30 PM

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?

First and foremost, bitcoin is not a ponzi scheme through which you can get rich quick. Since most people find it difficult to tell the difference between the two, your mind may be wandering to the point of believing that bitcoin will crash. The annoying part is that people never learn because we are all so desperate and never certified as humans always looking for cheap opportunities.

Agreed, once people had such a thinking. Slowly that had faded away and people have begun to understand the reality of bitcoin and its need. Crash is part of any investment, so we need to keep ourselves prepared to meet the worst. This will keep ourselves on the safer side in all critical circumstances. Apart, better understanding and learning is a must. The wrong understanding too lands people into scam projects and experience loss as we were able to see good number of projects with the name bitcoin added to it.

tiCeR

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Quote from: justdimin on February 22, 2023, 08:58:15 AM

Quote from: turneps on February 21, 2023, 10:06:23 PM

For me personally, Bitcoin is the king of the crypto market, just like the collapse of Luna had a huge impact on the market. This is just hypothetical if Bitcoin crashes, then I think other cryptocurrencies and the whole market will crash, so I won't invest anymore.
Actually, I personally still believe and bet on Bitcoin, I also think like you, believe that long-term investment will bring quite high returns.

That's not even a guess, it's a fact. If bitcoin crashes then all of the other coins will crash as well and there is no way around it, the crypto market as a whole would look terrible.

I do not believe that it will though, I think bitcoin already crashed and this is all it can do, there is no scenario where bitcoin is gone, it's going to be here as long as we live and I think it's quite important to know that difference as well, going down a lot like we did in 2022 and going down to nothing are two very different things and I believe that we are not going to be nothing. However, I agree that if we ever do, it will be bad news for every single coin.

Right it already had its crash if we talk about major price declines. Of course it could go lower from here, but I agree that a crash like losing another 60 - 70% from here is not likely. There could be unexpected events though that nobody knows about yet, of course, otherwise they wouldn't be unexpected. Wink

But all the bad indicators that the market has discovered to potentially have a negative impact on the price should also be priced in by now already. Regulation is always an issue, but I think if any important government would have planned something bad that also could come into effect shortly, the market would know about it and react accordingly. Since nothing is waiting just around the corner that could be considered horrible news, I expect the price to be sort of stable.

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Quote from: uche6215 on February 16, 2023, 04:49:30 PM

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?

First and foremost, bitcoin is not a ponzi scheme through which you can get rich quick. Since most people find it difficult to tell the difference between the two, your mind may be wandering to the point of believing that bitcoin will crash. The annoying part is that people never learn because we are all so desperate and never certified as humans always looking for cheap opportunities.

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Quote from: uche6215 on February 16, 2023, 04:49:30 PM

I ask again if bitcoin crashed today what will be your description rich or poor?

Bitcoin investors and traders know the rule (invest in what you can lose well), so even if the value of Bitcoin crashed, and this is unlikely because Bitcoin showed flexibility and solidity and overcame many complex events during the previous years, its holders will not be poor because they have already lost money over their needs and bet on it in Bitcoin, the value of Bitcoin or any other currency can be crashed, and this is normal in this volatile market, and it can happen due to global and regulatory events and market demand, so Bitcoin is, yes, the safest currency in the market and the most popular, but we must not forget to evaluate and manage risks and invest our funds wisely, and even if something happens, we can hold on again.

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Quote from: rby on February 22, 2023, 09:03:12 AM

If bitcoin crashes today, I'll buy more bitcoin at cheap and discounted price. The crash of bitcoin is an opportunity to make millionaires. Not a misery. Anyone investing in volatile assets should invest what they are able to lose. I don't want to read the crap that people sold their properties and invested all in a platform that is not even a bitcoin platform.

I thought of the same plan, I'll buy more then.

While the others will for sure abandon bitcoin because they think that it's no longer going to recover. We've seen this countless times that it has recovered no matter how low it may get.

And about my situation, I was able to produce other assets with my profits through bitcoin. That's what I do, I don't spend it on worthless things but I do spend it another income generating asset.

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