Topic: What will you do if bitcoin crash? - page 5. (Read 1746 times)
If the Bitcoin were to crash, some people may experience significant losses, while others may have already cashed out their investments or diversified their portfolios enough to mitigate the impact of a potential issue. the outcome of a Bitcoin crash would vary from person to person, and it is important for eyerone to carefully take the risks before investing in any asset.
For those who have large assets in bitcoin, of course they are worried if bitcoin crashes, the threat of crashes can occur at any time due to many factors, but the thing that makes bitcoin stronger in my opinion is due to the influence of exchanges, top exchanges like crypto.com, coinbase and so on are very active in campaigning.
If bitcoin crash today, what will be your fate? Poor or rich. So I ask again if bitcoin crashed today what will be your description rich or poor?
I'd be totally fine, mentally, emotionally and financially if bitcoin crashes today. Absolutely nothing to be worried about. I have a great life outside the cryptocurrency ecosystem. Business even though small is going great. I got other skills that are in high demand too. Bitcoin isn't my life; it is life one of my side hustles. If it crashes, I'd take whatever I have learned and apply it somewhere else. 
There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.
Keeping all money or assets in one place or one type is stupid, let alone saving all money in bitcoin in the hope that prices will continue to rise, as investors and we have known bitcoin for more than 2 years, of course we understand the risks, I have also experienced losing more money from 50% within 6 months because the price continues to decrease, since then I only make bitcoin as an additional investment with a small portion.
It depends on what asset he invests in, if he only invests in a pump and dump project its better to keep all the funds in Bitcoin, losing money 50% in a few months is normal in crypto just don't lose from any scam attempt such phishing, fake project, etc. and also don't afraid when Bitcoin losing 50% in few months since not only Bitcoin that drop that much but stock can happen too.
There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.
Keeping all money or assets in one place or one type is stupid, let alone saving all money in bitcoin in the hope that prices will continue to rise, as investors and we have known bitcoin for more than 2 years, of course we understand the risks, I have also experienced losing more money from 50% within 6 months because the price continues to decrease, since then I only make bitcoin as an additional investment with a small portion.
It depends on what asset he invests in, if he only invests in a pump and dump project its better to keep all the funds in Bitcoin, losing money 50% in a few months is normal in crypto just don't lose from any scam attempt such phishing, fake project, etc. and also don't afraid when Bitcoin losing 50% in few months since not only Bitcoin that drop that much but stock can happen too.
There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.
Keeping all money or assets in one place or one type is stupid, let alone saving all money in bitcoin in the hope that prices will continue to rise, as investors and we have known bitcoin for more than 2 years, of course we understand the risks, I have also experienced losing more money from 50% within 6 months because the price continues to decrease, since then I only make bitcoin as an additional investment with a small portion.
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Or everyone started to use government digital currencies, and bitcoin just became uninteresting.
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Or everyone started to use government digital currencies, and bitcoin just became uninteresting.
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If you compare modern bank system and bitcoin in terms of usability I'd say that bank system is much more comfortable. So I don't think that CBDC can change an attitude to bitcoin. Main feature of bitcoin is not its usability, it's about control over own money what is based on decentralization. If you trust your money to bank they get a control over it. The only difference for CBDC is that you trust control over your money not to a commercial bank and then to government but to government directly, but they'll still decide if you can operate your savings. Those who understand what bitcoin is will never refuse bitcoin in favor of CBDC.
and we should bare up into our mind that everything does have the risks when it comes to crypto investment. This is why its always been ideal that you should invest on the amount
which you can afford to lose.
Based on the topic of this thread, I comment and I see this as "falacy of misconception" in the real sense, it is not real and I think it can never happen that bitcoin will crash. Now I ask when you say crash, what do you mean by that? Because there are lots of meanings based on your ascertion and would want to know what you really mean by the word crash.
Well I will assume you are talking about price drop but however, if that should happen, I see that as an opportunity to bag more bitcoin because I know it would definitely rise back. So I do not think I would be worried about it
Yes for me personally, I don't see bitcoin going to fall in the meaning of the word "collapse", but if it is a deep drop in price of course bringing bitcoins into our wallets would be the best option at that time. It doesn't need to be far, when bitcoin is at its lowest price lately, it is one of the opportunities to buy bitcoin.Well I will assume you are talking about price drop but however, if that should happen, I see that as an opportunity to bag more bitcoin because I know it would definitely rise back. So I do not think I would be worried about it
But not everyone can do that, because many people ask, can bitcoin still hit the lowest price? that question we often hear when bitcoin is in a bear market. I think it's better for us to take real action than just asking questions that no one can answer with certainty.
I don't believe Bitcoin will crash, but if it does, as you might imagine, I can't really say whether I will be poor or rich because it is not only Bitcoin I invested my savings; all I know is that it will affect me because 25% of my savings that is there. Even though I can afford to lose the money, I might still be demoted because 25% of my savings are there. The best way to protect your investments is to stow them away so you may have backup in case something goes wrong. If it weren't for eagerness, I doubt anyone would invest almost all of their savings in the cryptocurrency industry.
If we are talking about today, yeah it's unlikely because the price is only showing the opposite thing but I think the OP is only making a scenario there. Each of us is investing according to our preference so unlikely that you will not know if what happens to you in case BTC fails. You said you only invest 25 percent in BTC? Well, that means you won't be totally become poor because you still have 75 percent of your money in other assets.You will only become poor if you all in your wealth in BTC. All of us that invest in BTC are eager to earn a profit but not all are dumb to put all their savings on it. We know that BTC is too volatile and then there are other factors which can affect its value or developments.
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Or everyone started to use government digital currencies, and bitcoin just became uninteresting.
...
Or everyone started to use government digital currencies, and bitcoin just became uninteresting.
...
If you compare modern bank system and bitcoin in terms of usability I'd say that bank system is much more comfortable. So I don't think that CBDC can change an attitude to bitcoin. Main feature of bitcoin is not its usability, it's about control over own money what is based on decentralization. If you trust your money to bank they get a control over it. The only difference for CBDC is that you trust control over your money not to a commercial bank and then to government but to government directly, but they'll still decide if you can operate your savings. Those who understand what bitcoin is will never refuse bitcoin in favor of CBDC.
There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.
Based on the topic of this thread, I comment and I see this as "falacy of misconception" in the real sense, it is not real and I think it can never happen that bitcoin will crash. Now I ask when you say crash, what do you mean by that? Because there are lots of meanings based on your ascertion and would want to know what you really mean by the word crash.
Well I will assume you are talking about price drop but however, if that should happen, I see that as an opportunity to bag more bitcoin because I know it would definitely rise back. So I do not think I would be worried about it
Well I will assume you are talking about price drop but however, if that should happen, I see that as an opportunity to bag more bitcoin because I know it would definitely rise back. So I do not think I would be worried about it
Remember that cash is king whenever a market crashed happen, the price movement of the bitcoin is becoming good in these past days and the chances of crash is really really small but let's say there's a crash happen because there's always uncertainty in the market. 1st of all, I'll be not be affected big time because I have stop losses and good risk management. I predefine my risks so I'll only lose small amount of my capital if crash happen. During the crash, I'll not get position because it is like catching a falling knives, remember that there are a lot of fear, panic and many negative emotion during crash so the volatility will be crazy. The best thing to do is to watch where you will convert all of your asset in to USDT or any other stable coins. If the volatility becomes normal, start acquiring but remember to create a solid plan regarding where will you make an entry, cut loss, and of course how much usd will you put in that trade or investment.
I agree that "cash is king". Though, I worry about the monetary system's future. Financial infrastructure should evolve with the globe. Bitcoin is volatile, but it might revolutionize value storage and transfer.The current monetary system is unsuitable for the future. A decentralized, secure, and flexible payment system for individuals and businesses is needed. Of course, Bitcoin may be our answer! Blockchain-based currencies eliminate intermediaries, cut transaction fees, and assure openness and anonymity.
Bitcoin investing involves planning and risk management. Stop losses and predefined risks are critical for market crashes. Yet, fear and panic should not guide our decisions. Instead, we should buy Bitcoin cheaply and keep it long-term. "Be fearful when others are greedy and greedy when others are fearful," said Warren Buffet.
In total I'm online and managing cryptocurrencies maybe only about 3 hours per week, and total bitcoin + altcoins assets are currently only around $380, if one day bitcoin crashes of course I'm not too bothered, I've been reducing cryptocurrencies assets since 2018 because I understand the risks, although at the moment it looks promising but I can always control and collect bitcoins or altcoins from bounties.
Many misinterpreted price crash with bitcoin volatility, as I've understood the entire thing, they were both different and bitcoin cannot crash, it's very rare for a genuine and acceptable currency to crash down and exist no more, people say this about bitcoin because they were yet to accept and see it as a currency all because they never adopt the whole system with a decentralized network and either they like it or not, it has come to stay.
Bitcoin crashes of course can happen at any time even though today it is up more than 4% but there is no guarantee it will last for a long time, as investors of course we have to be prepared and not stress if one day bitcoin crashes, but as long as bitcoin is still valuable then we can use it to the fullest profit.
It is definite that my net worth will diminish a lot and it may affect me emotionally too. I have a job at hand, so if anything happens I fall back on my salary and see what comes next for me.
If Bitcoin crashes and all of your investment was put up in all there then you would definitely be having that financial devastation which would really be resulting into that emotionally and mentally be affected which i would say it would be normal but it would really be that impossible for there are no altcoins would be taking its place.If we do speak overall on crypto failure or really going to the floor then there's nothing we cando but to switch up into our traditional jobs and focus into it or would really be focusing more into our side investment.This is why its really important that we should really diversify our businesses
while we do still have the money.
7 things you could do after a crypto crash:
There’s no doubt that if the price of BTC were to fall 10 times, it would be a disaster for the entire crypto industry. But there are very few chances that BTC will suddenly crash in this way. Even though some things could make BTC’s price go down over time, it would take big changes in the economy and government, as well as the destruction of the Bitcoin network, for BTC’s price to drop quickly to ~$2k.
- Remain calm
- Understand why the market is falling
- Learn about dealing with market volatility
- Don’t panic-sell
- Consider buying the dip
- Stay diversified
- Focus on the long term.
There’s no doubt that if the price of BTC were to fall 10 times, it would be a disaster for the entire crypto industry. But there are very few chances that BTC will suddenly crash in this way. Even though some things could make BTC’s price go down over time, it would take big changes in the economy and government, as well as the destruction of the Bitcoin network, for BTC’s price to drop quickly to ~$2k.
It is definite that my net worth will diminish a lot and it may affect me emotionally too. I have a job at hand, so if anything happens I fall back on my salary and see what comes next for me.
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?
I have been taught before in terms of investment, my friend told me that investing should be done in quality altcoins and investments need to be made with full monitoring for success, he said. in my mind there are only quality Bitcoin and Ethereum and have more brilliant potential in the future. so with advice like that I try to invest a little with the assets I have in Ethereum, and Btc. until finally I get the benefits of the investment.
well, the question is what if Bitcoin falls? I will remain a loyal investor in bitcoin and will never get out even if the bitcoin price falls.
But if at this time the price of bitcoin falls, then I will return to adding my investment in it with all the assets that I am currently carrying.
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