What will you do if bitcoin crash? - page 7.

ilovealtcoins

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Quote from: |MINER| on March 19, 2023, 03:38:24 AM

Quote from: uche6215 on February 16, 2023, 05:49:30 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?

Firstly I don't think that it will ever happen. Bitcoin should not be thought of as all other alt-coins. Those who come to the market swell up and then crash . And investment in cryptocurrency is always risky, those who invest here should keep this in mind. So even if you are going to invest, you must invest keeping in mind that you should invest as much as you can afford to lose. And if I speak for myself, I will say that if I lose the amount of funds that I have invested in bitcoin or cryptocurrency, it will be a loss, but it will not be like sitting on the road.

We are bitcoin investors, so obviously no one wants it to crash. But no one can predict the future, and bitcoin is still a risky asset, so it's important to have a backup plan should that happen. If bitcoin crashes, I will also be quite sad and lose quite a lot of wealth, but given the profit, it gives me, it is totally worth the trade-off. I hope it doesn't crash, but I've always prepared for the worst.

|MINER|

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Quote from: uche6215 on February 16, 2023, 05:49:30 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?

Firstly I don't think that it will ever happen. Bitcoin should not be thought of as all other alt-coins. Those who come to the market swell up and then crash . And investment in cryptocurrency is always risky, those who invest here should keep this in mind. So even if you are going to invest, you must invest keeping in mind that you should invest as much as you can afford to lose. And if I speak for myself, I will say that if I lose the amount of funds that I have invested in bitcoin or cryptocurrency, it will be a loss, but it will not be like sitting on the road.

Retainly_Collie

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First of all, when the BTC crash occurs, it means that we will not need to care about the assets invested with them, sometimes comfort comes rather than burden the investment.
I think then I will be the same, life goes on, but what is around us is for us to observe.

However, let's get rid of this negative thought, and instead it will benefit people's lives, and we believers will always accompany and support.

speedy963

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Quote from: Inwestour on March 18, 2023, 03:17:44 PM

Quote from: lizarder on March 18, 2023, 12:53:55 PM

No one is able to avoid the process of correction or recovery in bitcoin, rising and falling prices are processes that we will encounter in the market, for some people who are familiar with bitcoin, rising and falling prices are natural because of fluctuations. So stay calm and don't worry about this problem, because the power of bitcoin has been proven to be able to recover prices in following cycles.

The concept of bitcoin runs by itself and decentralization is a way of working that makes it more dominant, starting from the utilization of investments to maintaining the value of the investment you make.

At least it has always been like this before this time, the movement of bitcoin has always been cyclical and we are used to it, so everyone is waiting for the cycles to repeat further. But we still don’t know how long all this can be permanent, the cryptocurrency market is still very young, we are only on the initial path of its development.

I probably would not be scared if something affected bitcoin so that it would crash, it would be something like a covid dump for me, but this is something that has already happened before.

As long as there are people who believe on the existence of bitcoin, it wont crash that badly, not unless there is something big that will happen that heavily involves bitcoin on a negative scale, that's the time we will some big crash. I am also not worried about bitcoin crashing due to previous events that happened so far that only made bitcoin more stronger.

Even if as of now, there are only few countries who happen to legally tenderize bitcoin, it is still on the early stages in development and there will be more to come in the near future. We could already feel the slight changes and slow but steady adaptation of bitcoin from various fields in our economy.

Twentyonepaylots

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Quote from: lizarder on March 18, 2023, 12:53:55 PM

No one is able to avoid the process of correction or recovery in bitcoin, rising and falling prices are processes that we will encounter in the market, for some people who are familiar with bitcoin, rising and falling prices are natural because of fluctuations. So stay calm and don't worry about this problem, because the power of bitcoin has been proven to be able to recover prices in following cycles.

The concept of bitcoin runs by itself and decentralization is a way of working that makes it more dominant, starting from the utilization of investments to maintaining the value of the investment you make.

I agree with this, we have seen how bitcoin manage to soar a high price then eventually crash to its current value. I think this is normal since cryptocurrencies are known to be volatile, so if ever the price crashes, you just have to assess why is it happening. Since, at the first place, you should be employing the rule to yourself that any money that you invest in cryptos are those money you should afford to lose. Crashes won't really affects you rather it would be a great opportunity to buy since bitcoin is known to recover from this crashes. So, it would all boils down to how great you plan your finances since if you don't put all your money in investing bitcoin, it won't be a problem when this happens.

bestcoins1

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Quote from: capedbaldy on March 18, 2023, 03:49:11 PM

Many people have missed the low price moment in the past few days as a result of bitcoin has crashed at $19k and now the price has recovered significantly, if bitcoin will crash in the next cycle then many investors will add assets because many predict that this year will be bullish even though there are some corrective movements because the price of bitcoin has not stabilized to reach high prices.

I still want to see another increase in Bitcoin this month to a higher price than now, because the price of Bitcoin is now not too far from $ 30K and I believe that will be achieved if the buying power can continue to increase again this month and nothing more next big correction in the near future in Bitcoin.

An increase in the price of Bitcoin sometimes also occurs due to several influences such as the incident that happened to the central bank so that investors and bank customers no longer put their money into the bank, but they trust more to put it into Bitcoin. And if in the following days there are more investors who will put their money into Bitcoin again, the increase in Bitcoin price will be much more significant than now.

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maybe my strategy when bitcoin crashes I will collect as much money as possible to buy bitcoin at a discounted price when else to buy bitcoin very cheap.

sulendra12

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Quote from: uche6215 on February 16, 2023, 05:49:30 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.

If people does think and actually do that(I'd assume most people out there do that for "bigger" return), I can only say I'm really sad to hear that.

Quote from: uche6215 on February 16, 2023, 05:49:30 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?

What is Barazar? If it's some kind of altcoins, then comparing to Bitcoin is just really misleading because it's completely different.
If you are dealing with Bitcoin as the investment, then you should be aware about what happen in the future especially the worst case possible for example if the price is dumped to the ground.

Just please, invest with money that you can afford. Even if it's small, it's much better than using your life savings into something volatile.

alastantiger

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Quote from: uche6215 on February 16, 2023, 05:49:30 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?

Hypothetically speaking, If bitcoin crashes today, I will be sad for one minute and the next minute, will go on with my day. I will have no single iota of worry because I have played my cards right. The most important being that I diversified my investment- real estate, precious metals etc. Besides, as long as it is not human life that has crashed, where there is life there is hope and for those who will be affected just like we saw with the case of SBF, it will only take a while and people will recover and get back on their feet. Humans are so resilient and the human spirit is unbreakable.

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Quote from: Inwestour on March 18, 2023, 03:17:44 PM

I probably would not be scared if something affected bitcoin so that it would crash, it would be something like a covid dump for me, but this is something that has already happened before.

Many people have missed the low price moment in the past few days as a result of bitcoin has crashed at $19k and now the price has recovered significantly, if bitcoin will crash in the next cycle then many investors will add assets because many predict that this year will be bullish even though there are some corrective movements because the price of bitcoin has not stabilized to reach high prices.

Inwestour

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Quote from: lizarder on March 18, 2023, 12:53:55 PM

No one is able to avoid the process of correction or recovery in bitcoin, rising and falling prices are processes that we will encounter in the market, for some people who are familiar with bitcoin, rising and falling prices are natural because of fluctuations. So stay calm and don't worry about this problem, because the power of bitcoin has been proven to be able to recover prices in following cycles.

The concept of bitcoin runs by itself and decentralization is a way of working that makes it more dominant, starting from the utilization of investments to maintaining the value of the investment you make.

At least it has always been like this before this time, the movement of bitcoin has always been cyclical and we are used to it, so everyone is waiting for the cycles to repeat further. But we still don’t know how long all this can be permanent, the cryptocurrency market is still very young, we are only on the initial path of its development.

I probably would not be scared if something affected bitcoin so that it would crash, it would be something like a covid dump for me, but this is something that has already happened before.

erep

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Quote from: lizarder on March 18, 2023, 12:53:55 PM

No one is able to avoid the process of correction or recovery in bitcoin, rising and falling prices are processes that we will encounter in the market, for some people who are familiar with bitcoin, rising and falling prices are natural because of fluctuations. So stay calm and don't worry about this problem, because the power of bitcoin has been proven to be able to recover prices in following cycles.

Everyone already knows the pattern of fluctuations in the crypto market, so price fluctuations will never be stable at a certain price in the long term, so there's nothing to worry about market price movements because crypto market movements won't really fall even in bullish periods, we just had a bearish season last year and this year will be the start of a recovery and we are poised to hit a bullish high.

lizarder

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No one is able to avoid the process of correction or recovery in bitcoin, rising and falling prices are processes that we will encounter in the market, for some people who are familiar with bitcoin, rising and falling prices are natural because of fluctuations. So stay calm and don't worry about this problem, because the power of bitcoin has been proven to be able to recover prices in following cycles.

The concept of bitcoin runs by itself and decentralization is a way of working that makes it more dominant, starting from the utilization of investments to maintaining the value of the investment you make.

naikturun

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when bitcoin goes down, people who invest in crypto will be affected, because bitcoin is like the king and is related to altcoins.
that's why investing with all your total money seems risky or for those who already know it, they will accept the consequences.

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Quote from: Stable090 on March 18, 2023, 07:46:57 AM

You are right, lots of people have there life savings on bitcoin, some people depend on only bitcoin for survival which is very wrong, incase if bitcoin goes to zero most of those people will be going to start from scratch again, we shouldn’t leave all our funds in bitcoin or we shouldn’t sell our properties just to invest in bitcoin, we should invest any amount we can afford to lose.

Well I won't say am shocked to hear people planning ahead to whether bitcoin will crash or not. Well am not a pro in the crypto ecosystem but I have heard my fair share of experience which I boldly say bitcoin won't be crashing anytime soon cause the whole concept of bitcoin staying alive and is based on the use of it by people in the world so its adorption by world population is what gives it more strength in staying alive as the number currency and I feel there is nothing like investing more than you loose. Bitcoin is here to stay and not crashing anytime soon or ever so a massive or little investment is always welcome.

pergola

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Lower the price to some extent the price will bounce back up. Bitcoin increases in value cyclically and the latter bottom is always higher than the previous one. Bitcoin was born to save the banking and financial system and fight against the monetary policy, so don't worry too much after every drop.
What is reasonable will exist, what exists will be reasonable. Bitcoin already exists and scales bigger so rest assured about that.

Dr.Bitcoin_Strange

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With past events that have happened, I assume people are more knowledgeable about their investments and fund management these days. There is a popular saying, "Never carry your eggs in one basket".

I don't have all my money on Bitcoin, I have other little investments somewhere, I have my business and I am also an employee. If anything happens to Bitcoin, it means one source of my income has closed, so I have to focus on another, but offcus I will feel bad. Who loses their investment and feels happy? IMO, people don't need to only have Bitcoin as their source of income. It is not right to only have your hope in one thing so that when things go wrong, you always have a plan B.

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Quote from: ringgo96 on March 18, 2023, 10:07:11 AM

Currently there are indeed very many people who are tempted by the value of Bitcoin and they want to feel the benefits of Bitcoin as has been felt by investors who have long known Bitcoin,

Diversification is the trick.

Quote from: uche6215 on February 16, 2023, 05:49:30 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 doubt that most people were that reckless.

ringgo96

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Currently there are indeed very many people who are tempted by the value of Bitcoin and they want to feel the benefits of Bitcoin as has been felt by investors who have long known Bitcoin, if you want to invest in Bitcoin using the money from the sale of assets that we have, of course this is a big mistake, because the value of Bitcoin is always changing then the risk is very large, So to invest in Bitcoin just use money that we have not used for other things such as savings or other assets and which we use only as a way to reduce risk if things we do not want to happen, such as the value of Bitcoin falling but we do not fall into poverty.

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It not really affect me because i dont have any asset on bitcoin/cryptocurrency. I think everyone now we should not invest on one basket if something like that happen we not losing so much. Also, there are some people will use that situation to buy more.

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