What will you do if bitcoin crash? - page 16.

dunfida

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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 ever it would crash out and make my holdings goes to zero, then what would you do? Of course you should be moving on.There's no other way you could do because if you do look back
then it is really something that a risky investment since from the start.There's no way that you could really assure out when it comes to profitable investment.If it goes to zero then
theres might something wrong or for sure there is another much better than bitcoin is currently existing or there are some total ban out of crypto in that case.
We can think off lots of probabilities if ever this one happens.

hatshepsut93

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That would be very bad for me, because Bitcoin is a large share of my net worth, well over 50%. But I used the profits from the last bull market to buy other assets, so it wouldn't be a complete disaster for me. I hope to see at least one bull market with prices over $50k to get more money out of Bitcoin and into other assets to further diversify my portfolio.

2double0

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The best answer to your questions could be diversification. If an investor carefully understands the risks associated with his investment and invests accordingly without the requirement to go all in on a single asset and investing your total or more than total portfolio, then there is zero chance that an investor will feel bad for their investments. And the type of crash you expect from btc is not possible now because times were different when only the retail money controlled btc but now, big giants have betted their money on crypto so that crash is not an easy task to take place.

tabas

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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.

I am one of those people that have most of my life savings in the form of bitcoin. It's a bet of my lifetime that will surely change my life or should I say that it has already changed my life and that's why I'm trusting more bitcoin as my investment and put a lot on it than saving it on a bank that will just take inflation's hit.

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

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.

Well, comparing that investment to bitcoin, we can conclude that bitcoin is totally out of this world and far from that sketchy name that man has invested.

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

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

I'll still be in good condition I guess as I've got other investments that are already quite good and making me money.

makishart

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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.

What platform? Are you talking by yourself? You didn't even spesifically mentioning what platform it is. How can you say people used all of their life savings to bitcoin?

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

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?

Why don't you tell him to get a real job? Get a real job. You won't be rich or poor. Even if bitcoin crashes to zero value and nothing happens to you. Only dump people who used all of what they had to invest in the volatile assets.

GideonGono

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If Bitcoin crash down today it wouldn't really affect me much since I only invest what I could, I didn't put up too much to it and I didn't depend too much on it.
It would only affect my side hustle but it wouldn't affect my main source of income.

Oceat

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First of all, Bitcoin will be more likely not to crash if the support from the community continue.

However, if you want to see the results of someone if ever Bitcoin ever crash like the rest of those typical scam you see then, I'll just continue to live and try again next time. I don't want to risk my assets or house just to buy something that I don't know just like what that person you've mentioned. He probably thought that it's going to change his life because someone persuade him although he didn't have enough knowledge of the things he's going to invest thus, giving him a life long lesson.

dothebeats

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I'd still go to work and probably hold on whatever coins I have. I'm at the point wherein bitcoin is a nice investment to have, but not a necessity to me since my job pays for my needs and some wants anyways. I haven't devoted a lot to bitcoin except for my time and some $$$ that is not too serious compared to others who bet on their life savings on it.

If all hell breaks loose in bitcoin tomorrow, I'd be one of the lucky ones who only lost time and some hundreds of $$$ to it based on what I have right now lol.

Scripture

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If you’re exposed with Bitcoin with all your resources then expect worst, but stop overthinking because Bitcoin will not collapse this year and I’m very certain of this because Bitcoin is able to survive a lot of financial crisis, and the pandemic.

This is just a reminder as well that you should not spend your savings, your own house just to get Bitcoin, stay within your limit and live peacefully while waiting for your time to take profit with Bitcoin.

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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?

This is an almost impossible hypothesis, and there is no point in raising topics that include almost impossible scenarios. Do you have a clear vision of how this could happen today, tomorrow, or at any time?
Comparison between Bitcoin as a project and the project in which someone you know invested in is not permissible.
When you lose in any project, this means that you have often been subjected to a process of fraud in one way or another. Bitcoin is a working base for all these projects, and the collapse of Bitcoin necessarily means the collapse of those projects.

goaldigger

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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.

Hamphser

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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?

You wont be poor if you have invested on the money you can afford to lose.
You wont be poor as long you dont realize those losses on your portfolio
You wont be poor as long you dont panic sell.

On the time that you had decided on making up some investment towards this market then you should make yourself that embrace on things that might encounter along the way specially with volatility.
There's no way that we could really be able to know on what would be ahead.If ever Bitcoin would crash today then i would definitely be finding some sources for me to accumulate more.
As long the demand and interest is intact on bitcoin then chances or tendency for some recovery is really that likely.So better buy on the bottom as always.

uche6215

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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?

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