Topic: What will you do if bitcoin crash? - page 4. (Read 1746 times)

it's true what you mean, but in response to what is the main topic, I think it's correct that if the current bitcoin price collapses, then we better buy it in bulk and according to the assets we have.
because, in my opinion, you don't need to think much about buying bitcoin, because whenever the price of Bitcoin will increase again, even if we buy it at a very low value.

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.

Even though investing a small amount but needs to analyze the market so he can conclude the right time to buy bitcoin, a wise investor will not rush to invest and always analyze the market opportunity to buy at a correction price, the opportunity to invest in a correction market will get high profits for the future . However, they are also not frustrated if the market crashes again because they are buying bitcoin at a low price.

Small investment won't hurt you if market crashed as long as you understand what you are doing and you are willing to risk the money that you spare with bitcoin investment. The market is unpredictable and if you aim for good amount of profits you need to hope that it will pump hard and you will see the value of your small amount to grow and be satisfying to sell out.

More on your set trget and your trust to overcome the crash that's possible to happen.

I never thought that bitcoin could last forever, technological changes would always appear and sometimes destroy the previous system, if bitcoin crashes then I will focus on real business and of course doing hobbies or activities that I like like cycling in the morning and evening.

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 you invest a small amount it won't have any impact on market movements, but unfortunately the market prediction is currently in a phase to get bullish in the next month, so when the market increases significantly you don't get the maximum profit because you have little crypto investment, so it's better to market correction in the following quarter then you apply the DCA method to increase your investment before the bullish.

I assume you only invest a small amount of your money in Bitcoin and make it as a side investment only. Your main investment and your main job are in real life, so you don't rely on Bitcoin investment for your life. Well, this is the right way, you won't get a significant impact if Bitcoin price crashes at any time. However, you won't get significant profits when Bitcoin price skyrockets. There is nothing wrong with your way, it is safe for your money and your life.

I will spend the coffers of funds that I have to buy bitcoin again. If the price of Bitcoin is currently falling, I will buy as much as possible according to the funds I have to collect in my bitcoin wallet. I'm sure it would give me a big advantage if it happened this time

It's natural for people who make such crazy investments in my opinion to experience ruin and become poor instantly.
For me, those who invest don't take the risk between life and death in one asset, here it is important to manage risk and use money to invest, which is the safest money to use or in other words, has nothing to do with needs or emergency funds.
I myself will not experience poverty if bitcoin crashes because I do not play gambling and use existing assets like the person you are telling me about.


We don't know that bitcoin will become obsolete or even better, It's something that people can't do normally when they have a loss like what the OP talked about because it will affect mentality and of course it's quite depressing, It will definitely happen even though we have diversified our investments into many sectors, but maybe when you have diversification there won't be such a bad depression.

it depends on how much I invest in bitcoin, if I invest more than half of the assets I have then it is possible that I will fall into poverty, but my current investment in Bitcoin is only half of the assets I have and of course if the price of bitcoin falls I will return to add more much more of my investment is in bitcoin, and i will be rich if the price goes back to normal.

This is one of the most common advise and also one that you should consider the best. People keep forgetting about the risks attached when money is involved specially when we talk about investments, and sadly they will go all the way for the sake of "high risk, high reward" kind of strategy, but is that really the best way to minimize losses? I also don't think that's the best way to invest but instead it can be called gamble. Yes, I also admit that I often do this things not because I'm bored or just to experience the thrill of "all or nothing", but because I do want to earn bigger by risking big, but it is not really an advisable way to do this kind of investing.

the current decline in bitcoin is not like the decline that occurred in 2018, at which time there was a lot of panic from investors, whereas now it seems calmer, because many people already have knowledge about the characteristics of bitcoin, so there is no need for significant panic. in the current position it is better to buy and hold it until we at least sell it in the previous ATH area, but many think that they will form a new ATH. personal analysis may be better for target setting

The Bitcoin not affect my personal noney. But, it's important to remember that any investment carrias risk, and it important to diversify one's portfolio to having that risk.

In our lives we must be realistic, before knowing Bitcoin everything goes normally, the presence of Bitcoin gives additional income, if later Bitcoin crash then we must be normal and never disturbed anything, from now on we must always be ready if that happens, technology and development will always be Changed, the Bitcoin system that currently looks good and convincing will be an obsolete thing one day

Bitcoin is going to go up even though the market eventually  rawh just like many persons are agitating about what will happen if Bitcoin crash. This would not be the first time Bitcoin would crash since the launch of Bitcoin. The market had been crashed far back and going up back to balance the momentum is needs to gather. I sincerely but more position if this happens so that I can make more money from the market. The price if Bitcoin is down now and those investors that know what they are doing and how to invest are busy buying and holding their Bitcoin.

If you invest amount that you can spare to lose and you are aiming for long-term investment then you don't need to do anything when the market collapse for a while knowing that from the experienced the value will bounce back, unless you are not prepared and you are afraid of your investment then the most common practice is sold to avoid more losses.

It's always depends on how investors do their research and educate themselves before investing in this industry.

When we were beginners we were taught only to invest what we can afford to lose, so even if bitcoin crash people won't be poor for the fact that they only invest what they can afford to lose. Bitcoin has come to stay , it is not like the meme coins that don't have value. You don't need to invest all the money you have in bitcoin all in the name to make profit. The purpose of bitcoin is not to make people rich or for people to invest all their earnings to become rich. Bitcoin is volatility and it has always been advisable to people to invest only what they can afford to lose.

Your experience with Bitcoin may not be pleasant, but that doesn't mean you should consider Bitcoin a bad investment because Bitcoin is still much better than other cryptocurrencies. You are not at all wrong if you want to make other cryptocurrencies your big investment, but you may be doing a little mistake by putting less money in Bitcoin that you should be putting more in Bitcoin and less in other cryptocurrencies.

Because other cryptocurrencies can also experience a more severe decline when Bitcoin starts to lower its price in the market and you won't get profits easily if Bitcoin price conditions are not improving. So try to think again before you put your money in another cryptocurrency.


I think what you say is more appropriate for @Ngewex Yuk to understand, because he still thinks that other cryptocurrencies can be better when Bitcoin is declining. Even though from experience in the past it was also very clear that other cryptocurrencies also experienced a simultaneous price drop when Bitcoin did not get a better price increase in the market.

And for a duration of six months it is a very short duration for investors who have been in the crypto space for a long time so it is also very natural that it should be said to be normal, because price recovery in Bitcoin after a decline has also always existed in the market which it is always proven on Bitcoin.

Judging from the growth that Bitcoin has had from year to year, of course, the estimated value of a holder fluctuates in the exchange they own.
if today the price of bitcoin falls what I feel is the slight loss that I experience because I have a little bit of assets in the form of BTC, but because of the falling price I will try to buy it again more than what I currently have. the collapse of the BTC price is no longer a burden for me because there must be more movement in the future