Topic: What will you do if bitcoin crash? - page 15. (Read 1746 times)

If this one talks about getting almost to zero then it would be an another story on which there's really something wrong with it.We dont know on how other people been thinking or having that kind of approach.

If there's a crash then we would be normally seeing this as an opportunity to buy but if this do really happens then are you really that too confident or really could still trust to buy btc if ever that time comes?

Im not so sure if people would be having that positivity on that way but im sure that there would be those people who would really be that taking a risk despite
of the situation but of course it wont really be giving out an assurance.

Surely it would suck, But I know better than to invest my life savings on something as volatile as crypto. Bitcoin has been a great part of my life and if not for it I wouldn't be where I am at today, but if it does crash tomorrow? I think I'd be good. I'm skillful, I don't invest anything that I couldn't afford losing, and I have enough savings to boot that will help me get by for the next couple years. That said I surely hope it doesn't crash to the ground. Just that being ready for it is something that cryptocurrency investors should be practicing because bitcoin won't be here forever, well technically it could but something in the future that is so much better and more powerful will succeed it. That I know for sure.

I think most here will agree with me that a bitcoin crash isn't their first rodeo and anything like this to come won't shake them either..

If you must know bitcoin is like riding a bike.. you fall off it get up and get back right on it and continue the journey... It's all about not having a quitters mindset!

Besides bitcoin is cyclical in nature and a crash or is it a dip is very normal as this helps it build the momentum to moon.

Define "crash" please.

I have a lot of bitcoin (double digits), most of it from 2014-2016 so I still hold coins that I bought for $500. I also took some profit over the years, can't say how much because I had coins bought at different price levels.

If we crashed another 50% from here I'd still have over 20x of what I've invested, so I'm not afraid of 12k Bitcoin at all. If by crash you mean 0, I'm not afraid of it too because it's not going to happen. I'm betting a lot of money on it and I'm 100% confident that I will never see $1k bitcoin again in my life.

That said, I don't feel rich. This is my retirement and something to leave to my children. I'm not saving up for a Lambo, but it doesn't mean I won't buy one if we ever go above $100k. A used one though, I don't like to overpay. 

Bitcoin crashing might remain a hypothesis but what if it happens i will simply move on to the next technology. The fact is nothing just happens under the sun. Something must have triggered the dump, and in the case of Bitcoin it will require holders pulling out their funds with massive sell. And before this happens there should be another promising offer better than the current so for me i will join the early birds to embrace the next era of both digital asset and innovation if it ever happens. We keep evolving even in the world of technology and innovations.

Buy more? Many people will say that, and many will say they will just go about their regular life without anything else. We have to realize that bitcoin is not the only thing that is keeping us alive, I mean I have been involved with crypto for so long and faced so many crashes and nothing really changed in my life when that happened, so that means I won't be really bothered about it anyway.

I know many people think of something much worse, like poverty or something, and even heard people who hurt themselves when price went down, but it's simply because they made wrong moves when buying, bought with money they can't afford to lose, that's the reason, not the crash.

The rule is never to invest all you have, only invest what you can lose, it is not advisable to invest your whole life savings, because you never can tell, what the future holds, investing your whole savings is like you collecting loan from bank to invest. And I know people have understood it very well now, so I don't think people still do same mistake by investing the wrong way, which is the aspect of investing all their life savings. Like you said if Bitcoin crashes one day they will become poor.

Bitcoin can crash at any time, yesterday the price rose by more than 12% but today the price dropped by more than 3%, this is normal because the decentralized system depends on demand and stock in the market, when demand increases the price will rise and vice versa, and it should be the most important thing is to get profit from the moment the price goes up or down.

Average. If Bitcoin literally crashes to 0, I still have some precious metals (gold and silver) and fiat currency and my apartment.

The number of private and corporate bankruptcies will be insane if Bitcoin collapses.

Of course, like any investment that have invest that fail, then you might feel bad about it. That's human nature reaction to anything in life. As for the description of being rich or poor, it's up to you, whether you are willing to take that risk and invest most of your money in bitcoin so be it. And so if it will fail then it will obviously take a hit on your finances and you have to think how you can bounce back again. That's life for you, we don't know what will be the outcome in the future.

Thanks that risk, but you should know the consequences of your action.

If like you said about a man in your area, you have invested all you have on Bitcoin and for some unknown reason Bitcoin crashes as you insinuated  then you are probably going to be poor for that period butas you must have known if you have followed the rules in Bitcoin, Do not invest what you cannot afford to lose which means, not investing everything you have which I believe most OGs understand so I don't think most people here have invested their life savings.

If you are a clever investor, you will never go all-in on a high risk investment like Bitcoin. You will have a balanced portfolio with a good mix between low/medium/high investment options. So, when Crypto crash, you will still be able to rely on your low and medium risk investments.

I have some coins that I trade with, but I use stop losses to prevent disastrous losses, when there might be a crash scenario. I always try to sell, before it reach those levels. (so you manage your risk) 

that's why when you are going to invest, don't pour out all the assets you have.  Shouldn't we know from the start that if we jump into the world of investment there must be consequences which can make us gain or lose.  thinking things through carefully is the most appropriate step so when we experience a loss we already know what we will do.

I don't know about the BARAZAR project you are referring to, maybe it's a Ponzi project that promises high interest, so you can't compare it to bitcoin. Bitcoin has been around for 14 years and will continue to exist as long as we have demand for it, it is not a shitcoin project just to pump and dump. Bitcoin is the revolution of decentralized currency, of new technology, don't compare it to any junk project.
As an investment, there will always be risks, so invest only the money you can lose. For me, it would not be wise to invest all my assets in bitcoin or any other investment.

I would feel a bit stressed for a day or two and then I would continue with my life as usual, if the price is the right one, I would even consider to buy more Satoshis to harden my position in the market, in the long term. Otherwise, I guess I would only save some FIAT and keep an eye on the price to see what happens.

Still, Bitcoin has proven itself to be a cyclical and resilient asset these last years. The community won't just go away if the price decreases.

Just like with any asset I own, if it were in fact to “shoot” it’s way all the way down to zero, I would be fine. I would be fine because I understand the importance of diversification. Bitcoin is also far too volatile to hold too much of one’s assets in, as you need a well rounded portfolio.  Not to mention Bitcoin inherently isn’t even an investment, it’s a virtual currency/commodity.

actually in bitcoin investment there will definitely be times when you experience losses. in investing you must be prepared to lose, and get ready to profit. depending on how much we invest it, but I think in investing in bitcoin we will not be very poor if the price goes down.

Define rich or poor based on what you think.

If bitcoin will crash today, to the point that no value, then we will just return to our usual daily life activity during the time crypto wasn't even born yet. If we are currently holding bitcoins then suddenly being no value, no choice but to accept that it's a financial loss and try our best to move on with that situation.

But don't worry, if bitcoin will really crashes, don't expect that it will happen overnight. You can still prepare for that possible scenario. Although for me, I don't see Bitcoin being crashed at this point even we count for several decades.

If crypto crashed, I would focus more on physical assets.

Or perhaps try to expand my digital finance game.

People are always searching for the next bitcoin. Wanting to be an early adopter on the next big thing. While those who lived in past eras might only have one big opportunity available to them in their lives. Today modern people are lucky enough to have access to multiple opportunities during their lives. We simply do not try as hard to make the most of them. While a big crash could be a negative event. Hopefully, it might also have some positive effect. There would be an upside to it which could be difficult to quantify.

Hopefully, everyone is diversifying between digital and hard assets. While digital assets are very convenient in terms of them being electronic, there have been many attempts to destroy the internet over the years. DNS servers have been mass DDOS'ed. There have been attempts to sever portions of the internet backbone. It is known that nuclear warheads detonated over the surface of the earth can produce an EMP effect, which would neutralize electronic devices. There certainly is no shortage of scenarios for digital assets being lost. In which case, hard assets that are physical must be a necessity to any investment strategy.

Whatever happens I'll always treasure that I was lucky enough to see and be a part of bitcoin's golden age.

It won't affect me much, because I don't have big holding of bitcoin. I'm hard believer of bitcoin, but I was not in a situation to invest. What I earn gets used for regular needs. I've been trying for a long to hold something for long term and I wasn't able to do it. Hope by 2024 I'll make something and when you have the ability to hold, there is nothing to worry on Bitcoin crash.