If Bitcoin crashes, I would continue living my usual life and wont even regret for money lost, because that was one of an experience. An experience that taught not to hesitate, take risky decisions and try something new. Of course I will search for other opportunities to earn parallel having a regular full time job.
I think with Bitcoin crash not many will be disappointed much (except investors). Those who coded will always find a different job. Those who traded crypto will switch to trading something else. Those who mined will find another project to invest in. Besides, they can always mine something else than Bitcoin.
Topic: What will you do if bitcoin crash? - page 3. (Read 1746 times)
OP, you should understand this are natural events of life, we do not expect it to last forever but in as much as that, one need to always invest what you can bear the loss if eventually happens. If human can die and expired on earth, is it coins that will stay forever? NO. But while it last let us enjoy the privileges and benefits that is involved.
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especially since scam cases from crypto are currently getting massive
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especially since scam cases from crypto are currently getting massive
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Pupular FUD topic. How some altcoins scam is connected with bitcoin? There are many scams which use fiat currencies but I haven't heard fiat currencies are being banned because of that. Criminals still rather use fiat currencies than bitcoin, because blockchain of bitcoin is fully transporent and criminals are much more familiar with different schemas with fiat.
If some idea is widespread it doesn't mean that it is correct. Don't spread FUD about criminals and bitcoin. We all are interested in clean bitcoin and it is more clean than fiat.
I personally probably wouldn't be affected much if something the OP mentioned happened. because I manage my finances pretty neatly. for high risk assets like bitcoin i don't use much of my total wealth. but indeed from time to time the amount that I accumulated more and more. but it's still within the limits that I can tolerate if something bad happens to bitcoin.
Every good investor should always think and prepare for backup. If for instance bitcoin crashes today, i wont be rich but i will never be poor because bitcoin investment is not my only source of income. When i invested in bitcoin, i did not
invest with all my savings.
Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.
you say the right things and I support your thoughts.I also never focus on just one asset,because anything can happen at any time.There should always be various reserves in various sources that can provide additional guarantees for our investments and income.And the sooner people realize this,the better it will be.invest with all my savings.
Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.
Of course we hope that bitcoin can continue to shine, but as humans we have to be realistic because change can happen at any time, especially since scam cases from crypto are currently getting massive so that they can anger the country one day, if bitcoin crashes then I will do the things that are routinely done and everything will not be disturbed because the bitcoin assets that I hold are no more than 0.1% of offline assets.
When Bitcoin crashes the newbies panic sell all their holdings, they can't endure seeing their portfolio loses 30% in value without freaking out, lol, tell me, how are these type of people ever going to get rich? I guess they can't. The best crypto play is going long term.
If bitcoin crashes then nothing will change in my life, since I was not very active in crypto from 2018 then I no longer want to save assets into crypto including bitcoin, and until now I have never bought bitcoin or crypto with money, everything I got from free.
What I did before, buy more how much I can and whenever I can. My target and goal to sell is in 2025 minimum, even if we already have a boom in this year of 2023 which i think is very possible.
it's never a good idea to invest more than you can afford to lose. While some people have made significant profits from Bitcoin investments, others have lost money. It's impossible to predict with certainty whether Bitcoin will crash or not, but it's important to be prepared for the possibility and not invest more than you can afford to lose.
Investment work is a very relaxing job and one must really understand the risks and how to do it so that everyone can easily enjoy what they are investing in. It's true, invest according to the abilities we have and don't push it too much so that we can still live in peace when we face risks that we don't want in these investments.Quote
If someone has put all of their life savings into Bitcoin and it crashes, they could potentially lose everything. It's always wise to diversify investments across different asset classes to spread risk and protect against potential losses.
Spreading money into several investments is sometimes a very good idea to avoid excessive losses, but you also need to realize that every investment always carries risks and there are always opportunities for losses and profits. So it is very important to choose the right investment, even if not too much, rather than spreading more money into investments that are inherently risky and not necessarily all of them can be very good.
it's never a good idea to invest more than you can afford to lose. While some people have made significant profits from Bitcoin investments, others have lost money. It's impossible to predict with certainty whether Bitcoin will crash or not, but it's important to be prepared for the possibility and not invest more than you can afford to lose.
If someone has put all of their life savings into Bitcoin and it crashes, they could potentially lose everything. It's always wise to diversify investments across different asset classes to spread risk and protect against potential losses.
If someone has put all of their life savings into Bitcoin and it crashes, they could potentially lose everything. It's always wise to diversify investments across different asset classes to spread risk and protect against potential losses.
Every good investor should always think and prepare for backup. If for instance bitcoin crashes today, i wont be rich but i will never be poor because bitcoin investment is not my only source of income. When i invested in bitcoin, i did not
invest with all my savings.
Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.
you say the right things and I support your thoughts.I also never focus on just one asset,because anything can happen at any time.There should always be various reserves in various sources that can provide additional guarantees for our investments and income.And the sooner people realize this,the better it will be.invest with all my savings.
Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.
Every good investor should always think and prepare for backup. If for instance bitcoin crashes today, i wont be rich but i will never be poor because bitcoin investment is not my only source of income. When i invested in bitcoin, i did not invest with all my savings.
Backup? Is Bitcoin investment your main asset?It will be safer if Bitcoin investment is only one of your assets and it is not your main asset. I assume many people invest in Bitcoin just for their additional investment. And the money you invest in Bitcoin is just less than a quarter of your total wealth (below 25%). So, when Bitcoin crashes or can't get good profits, it won't give a big impact on your financial stability.
Anyway, you did a good decision to not invest all your savings. You need to spare your money, don't rely on Bitcoin only. You must have savings and other real investments that have smaller risks.
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?
Bitcoin has spent the last 10+ years going through different size boom and bust cycles, it's still undecided where it's correct value lies. It does seem to be somewhat connected with the success of the wider global economy and when money is cheap it can flow into these more extreme assets looking for a return. If you want stability then you should look for a diversified portfolio as it is the only way to avoid the very worst of the excesses, however you may not get rich quickly. One thing to consider is that the higher bitcoin goes, the market cap grows exponentially and that makes it much harder to push higher, at it's peak of around $60k it had a market cap of around $2 trillion so for Bitcoin to reach $120k that brings the value of all bitcoin to $4 trillion, absolutely huge numbers.
Every good investor should always think and prepare for backup. If for instance bitcoin crashes today, i wont be rich but i will never be poor because bitcoin investment is not my only source of income. When i invested in bitcoin, i did not
invest with all my savings.
Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.
you say the right things and I support your thoughts.I also never focus on just one asset,because anything can happen at any time.There should always be various reserves in various sources that can provide additional guarantees for our investments and income.And the sooner people realize this,the better it will be. invest with all my savings.
Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.
Every good investor should always think and prepare for backup. If for instance bitcoin crashes today, i wont be rich but i will never be poor because bitcoin investment is not my only source of income. When i invested in bitcoin, i did not
invest with all my savings.
Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.
invest with all my savings.
Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.
If bitcoin crash today, what will be your fate?
This is something I haven't thought of but, i supposedly nothing. What else could I have done other than move on to the next phase of life. Definitely, poverty is far from it as I've got my own thing going but, it wouldn't be very appealing after having all these hopes of a future where cryptocurrency runs the show, haven't invested early and the gradual accumulation turning into a security for a future we not yet know and then, it crashes...! Bad, but not the end of life.Ponzi schemes already took its piece of us and still, here we are with the advent gone. Even with people still falling victims of schemes like this, we already unto the next with cryptos and should we be fated to crash which I don't see how, it's definitely unto the next.
Let's study and grow instead. It's time to evaluate our company plans, risk tolerance, and money allocation. We must always monitor security.
Blockchain powers cryptocurrencies. This infant can disrupt finance, healthcare, and logistics. Cryptocurrencies and blockchain technologies will survive Bitcoin's collapse.
If one day Bitcoin crashes even worthless, all the lives that I experienced will be normal, indeed since the presence of Bitcoin, it can increase income, by doing simple and easy things in this forum bounties then we can get additional income, if one day bitcoin crash then I will look for other sources of internet income.
If bitcoin crash today, what will be your fate?
This is something I haven't thought of but, i supposedly nothing. What else could I have done other than move on to the next phase of life. Definitely, poverty is far from it as I've got my own thing going but, it wouldn't be very appealing after having all these hopes of a future where cryptocurrency runs the show, haven't invested early and the gradual accumulation turning into a security for a future we not yet know and then, it crashes...! Bad, but not the end of life.Ponzi schemes already took its piece of us and still, here we are with the advent gone. Even with people still falling victims of schemes like this, we already unto the next with cryptos and should we be fated to crash which I don't see how, it's definitely unto the next.
If bitcoin falls, and you fall too, it means you weren't prepared for it. therefore, right now it's best to create some businesses that can support your life when bad things happen. besides, there are many examples of people who invest in coins that become a scam, but they try to survive, and rise to a better life after that.
So I ask again if bitcoin crashed today what will be your description rich or poor?
I will not be that extremely poor but it will affect me but I don't believe that it will crash. Bitcoin is my secondary source of income and if it crashed I will still be on feet because the money Invested in bitcoin is just about 20% of my wealth, the remaining 80% are into physical business which today am doing fine it and also is my primary source of income.
It's a good idea to only keep bitcoins with 20% total assets, but I think 20% is a great value, I suggest reducing it again to a maximum of 10%, I also don't mind if bitcoin crashes one day, because of the value of bitcoins and altcoins that I save in wallets and exchanges no more than $1000.
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