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?
Many people have used Bitcoin ti become something for life, and many people is not depending on the existence of Bitcoin, so what I'm emphasizing on, is that if bitcoin happened to crashed today it will not really affect everybody but the people that be affected mostly is the investors who place their investment into long run, while people who have no investment in Bitcoin will not be affected. So from my perspective it will be vice versa to the people who invest in Bitcoin and people who doesn't concur that Bitcoin is in the existence. 
Topic: What will you do if bitcoin crash? - page 9. (Read 1746 times)
I didn't do anything when the Japanese yen collapsed. I didn't do anything when the yuan collapsed. I didn't do anything when bitcoin crashed 
I simply did not store funds in such assets. Or exchanged them, before the fall, into more stable assets. There is such a thing as asset diversification. A very helpful approach! Helps to minimize the risks of major losses. But even this will not save you from a sharply "falling" value of some asset - you are simply not able to follow everything that happens. At least if you are not a professional stock player, and your whole life and work is a game on the stock exchange.
I simply did not store funds in such assets. Or exchanged them, before the fall, into more stable assets. There is such a thing as asset diversification. A very helpful approach! Helps to minimize the risks of major losses. But even this will not save you from a sharply "falling" value of some asset - you are simply not able to follow everything that happens. At least if you are not a professional stock player, and your whole life and work is a game on the stock exchange.
Simple, don't do that, don't leave your money in one place, if bitcoin crashes, what will you do? jump off the bridge?
Common sense, spread money, diversify investments, never risk more than you can spend.
Honestly, I don't believe that any smart trader left his money in just 1 investment
What you say is indeed quite logical to think about, because in living that life money must always be placed in different places and in different income cycles. So it would be very wrong if someone just put all their money in one place and they have to endure hunger when they need money in their life. But if someone has put some of his money in the bank, in his house and also in the wallet that he manages every day. Common sense, spread money, diversify investments, never risk more than you can spend.
Honestly, I don't believe that any smart trader left his money in just 1 investment
I don't think it would be wrong if he also puts some of his money in a Bitcoin investment because he has saved some of it for living and can also be used to run other small businesses in life. So the advice you say does look quite logical, but not everyone who invests in a place is wrong because maybe they have considered it more carefully before doing it.
I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
Bitcoin is very hard to crash, but that doesn't mean it will never crash, anything is possible. I also thought about this problem and I also prepared myself for it even though I didn't expect it to happen. Every investment has risk, so we shouldn't invest with money we can't lose and need to diversify our investments. Do not trust or put all your trust in a single property. I invest mainly in bitcoin but if it crashes I still don't fall, I will always find a way to overcome that pain.I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
It means that we have a realistic bottom, could be as low as 5k who knows, and a realistic top, which could be 100k to 200k these days. Those are what we consider realistic, anything above or below would be "technically" possible but it would be impossible in reality. We shouldn't focus on things that are this much dangerous, it just doesn't make sense.
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?
Simple, don't do that, don't leave your money in one place, if bitcoin crashes, what will you do? jump off the bridge?
Common sense, spread money, diversify investments, never risk more than you can spend.
Honestly, I don't believe that any smart trader left his money in just 1 investment
hero member
Activity: 1036
Merit: 933
Find your Digital Services at- cryptolibrary.pro
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 wanna say that don't put your all money or savings in trading whether it Bitcoin or any other top alt coin. Always know and follow the first rule of trading while trading, "Trade or invest as much as you can afford to loose." And whenever you break this rule of trading, there is a risk automatically creates on your fund no matter how good and safe the coin is and No need to crash Bitcoin or the investment source to lose funds and face losses through trading. And I don't think bitcoin will ever crash because none of the vulnerabilities needed to crash are noticeable in bitcoin yet.
I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
Bitcoin is very hard to crash, but that doesn't mean it will never crash, anything is possible. I also thought about this problem and I also prepared myself for it even though I didn't expect it to happen. Every investment has risk, so we shouldn't invest with money we can't lose and need to diversify our investments. Do not trust or put all your trust in a single property. I invest mainly in bitcoin but if it crashes I still don't fall, I will always find a way to overcome that pain.
The phenomenon of cryptocurrencies can no longer be stopped, but in everyday life you need to be prepared for everything, so you need to try to diversify risks. This means that you cannot invest all your funds in the cryptocurrency market, there are still many assets that will allow you to distribute the deposit: gold, real estate, shares. But I am 100% sure that we will never see the collapse of bitcoin.
Diversify is the right thing to do, we don't know what future will bring to us though most of us believe (if not all,) that this market will continue to grow and with the experienced, investment as long-term asset is for Bitcoin. Crash may still happen. We don't know how deep it can be, but a major collapse might not take place after surviving this long.
Again, there's no assurance, but if you are into investment, better to have other options, diversifying your spare money to a different
assets/industry that can provide decent profits.
I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
Bitcoin is very hard to crash, but that doesn't mean it will never crash, anything is possible. I also thought about this problem and I also prepared myself for it even though I didn't expect it to happen. Every investment has risk, so we shouldn't invest with money we can't lose and need to diversify our investments. Do not trust or put all your trust in a single property. I invest mainly in bitcoin but if it crashes I still don't fall, I will always find a way to overcome that pain.
The phenomenon of cryptocurrencies can no longer be stopped, but in everyday life you need to be prepared for everything, so you need to try to diversify risks. This means that you cannot invest all your funds in the cryptocurrency market, there are still many assets that will allow you to distribute the deposit: gold, real estate, shares. But I am 100% sure that we will never see the collapse of bitcoin.
I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
Bitcoin is very hard to crash, but that doesn't mean it will never crash, anything is possible. I also thought about this problem and I also prepared myself for it even though I didn't expect it to happen. Every investment has risk, so we shouldn't invest with money we can't lose and need to diversify our investments. Do not trust or put all your trust in a single property. I invest mainly in bitcoin but if it crashes I still don't fall, I will always find a way to overcome that pain.
I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
FTX essentially has nothing to do with Bitcoin. Being a huge exchange and making some bad headlines still doesn't have to do anything with Bitcoin. It is what it is, but this was rather a centralized banking problem than a decentralized currency problem.
The truth that one guy was able to get control over so much money is actually comedy. It became so absurd that it could become absurd that it was too absurd for anyone to notice and find out the truth.
We have had that with banks, and we had it now with crypto. Perhaps it is going to happen again, but the basic concept of Bitcoin will survive: not your keys, not your coins.
I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.
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?
No one should ever invest their entire money in Bitcoin. Everyone should invest their entire assets in different things. So if one of them is completely crushed or destroyed so that person does not become completely destitute. If Bitcoin crashes today, it won't hurt me much because I invest only 5% of my total assets in Bitcoin. And the remaining 95% I calculated for various things. So even if Bitcoin pumps high I won't be a big man overnight and I won't be broke even if it crashes. This is my own investment strategyIt should be taken into account that choosing your investment needs to study well, it's not advisable to place everything into one asset, there are many available investment aside from bitcoin, it's good to have some but you also needed to consider the risk and if worse things happen where Bitcoin completely crash to the point that it won't be able to continue.
You still have other options and you still have remaining investment, unlike if you place everything. Make sure that you are done with your research before considering the amount of investment that you are willing to allocate with this asset.
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?
No one should ever invest their entire money in Bitcoin. Everyone should invest their entire assets in different things. So if one of them is completely crushed or destroyed so that person does not become completely destitute. If Bitcoin crashes today, it won't hurt me much because I invest only 5% of my total assets in Bitcoin. And the remaining 95% I calculated for various things. So even if Bitcoin pumps high I won't be a big man overnight and I won't be broke even if it crashes. This is my own investment strategy If bitcoin is crashing in terms of value just like bear or something then I would go and buy more at discounted prices. Move most of the bitcoin in a cold storage and forget about them until next bull run comes by. If bitcoin crash continues further the bought range then I will buy more so that can I start doing dollar cost averaging and shifting my BEP to far lower rates to keep my portfolio in the positive side.
However, if you are saying bitcoin crash in a sense where its gonna go off, then definitely I will sell my bitcoins until time persist. But I would imagine by that time there wont be any "buyer" since it will be useless to buy bitcoin if it is gone. In that case I would just watch my bitcoins, my miners and ledger. I might just put them in showcase so that my grand children can ask about it in the future.
However, if you are saying bitcoin crash in a sense where its gonna go off, then definitely I will sell my bitcoins until time persist. But I would imagine by that time there wont be any "buyer" since it will be useless to buy bitcoin if it is gone. In that case I would just watch my bitcoins, my miners and ledger. I might just put them in showcase so that my grand children can ask about it in the future.
Bitcoin will stay a topic no matter what.
If it crashes, it is the price that might hurt us all who are holding onto it, but the discussion it entails will stay. Bitcoin is a creation we all need to be thinking about in the back of ours heads. Decentralized, global money. Is that something we can let go off? No, even the youngest of the youngest ask what Bitcoin is about.
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.
I have no problem during the bearish season or during the Bitcoin crash. I am not a person who invests all the money/wealth in Bitcoin, I think it is the wrong idea. In my understanding, we only invest the amount of money that we can afford to lose. So, even if our Bitcoin investment fails or difficult to achieve the expected profits, it won't impact our financial.Anyway, the man who sold his house for Bitcoin is crazy, it is untrue. Unless he has many houses, it is okay to sell one of the houses for Bitcoin investment.
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 don't think it's a good idea to always value bitcoins based on the current market price. At least for me bitcoin is a longterm investment and I don't feel like my personal net worth is changing daily with the bitcoin price. For some investors it might be different, they are looking for the short term profit and would sell their coins during a crash. Only after selling your coins you will realise a gain or loss from the trade and your bankroll will change. In my opinion it's better to sit out a crash and wait for prices to recover instead of panic selling. Crypto currencies move in cycles and we should worry less about price changes.
Most people on the platform have submitted all their life savings to bitcoin investment.
I seriously doubt that's true, not even for the members who've been here for years.And if you've been into crypto for a while, you'll know that crashes have happened before--and really big ones at that--and they'll happen again. Me? If bitcoin were to crash to $1k today, I'd sit back and watch the drama unfold. That's because I've seen what the market has done and could do without warning, and I don't have what little wealth I've accumulated all in btc.
That would be an extremely risky thing to do, even if you're young. These people who've gone all-in on bitcoin are a little bit nutty if you ask me.
Bitcoin gives you good return but there are some risks also associated with Bitcoin investment. As an investor I must be ready for both gain and loss. We cant predict about future but the point where bitcoin is standing at the moment tells the story that its very much mature now. If you are investing in Bitcoin then first thing you need to do is overcome the fear that bitcoin will cease to exist in future. If you have this fear with you then better not to invest in bitcoin.
I think it is never right to invest out of fear. If you invest in Bitcoin and wait, then you can make a lot of money. If an investor ever loses his sense of investment, it will be very difficult to make a profit. There will be a possibility of losing money in the environment. So before investing, you have to think about profit and loss and then invest after that. Then the investor can make a profit by trading. If bitcoin is crashing in terms of value just like bear or something then I would go and buy more at discounted prices. Move most of the bitcoin in a cold storage and forget about them until next bull run comes by. If bitcoin crash continues further the bought range then I will buy more so that can I start doing dollar cost averaging and shifting my BEP to far lower rates to keep my portfolio in the positive side.
I would do the same if it is just another part of the Bitcoin cycle but if Bitcoin is crashing for good to he point of worthlessness, the I think I will be selling at a lost than end up bagholding worthless coins. Though it looks like it is impossible to happen today but cryptocurrency market is crazy so we better be prepared for it.
There is no point of holding worthless coins so better cash out and move on.
It's far now from worrying about major collapse that will put Bitcoin to worthless asset, though we can't conclude but just assume to what would be the possibilities, if it's still part of the cycle then buying is the appropriate thing to do while if there's a big reason/influence that Bitcoin will completely collapse then selling is your way to move forward.
There's no sense in keeping something that has already been concluded as a failed investment.
It's on you to decide if how you analyze the situation and how will you react to any possible next market movement.
My investment in Bitcoin does not reach 10% of my total wealth assets. so if that happens then I think it won't affect me much. I only invest from the money that I set aside from my business profits. because I know that investing in bitcoin is a high risk and high potential investment. so I have to be prepared with all kinds of possibilities.
but I have another thought that is if the price of bitcoin falls drastically. I might actually buy in bulk.
but I have another thought that is if the price of bitcoin falls drastically. I might actually buy in bulk.
Jump to: