What if bitcoin crash, could you put your money in another currency to be safe?

[ambisyon]

In my views, I don't think bitcoin could crash and no other coin could replace the original cryptocurrency which is btc. People should not be carried away for every huge dips since bitcoin is volatile in nature, normally such bear market could happen anytime but will recover again.

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[Driggers95]

For example, if bitcoin is going to crash and I exchanged it into $1200 Ethereum lets say. And it goes down to $800 USD, will the Ethereum value go down?

Could you exchange your bitcoin into another currency to be protected from a crash?
I think Coins like Doge, LTC , USDCOIN all of these are 99.9% stable always in the same price, 0.01% prob that you are very very very unlucky and it drop when you buy but I don't think it will happen.

What do you think ?

If the bitcoin collapses, I think investors will certainly be scared and withdraw from the crypto market. Because bitcoin is the soul of the crypto. if the bitcoin collapses, crypto also will die

[Vendetta666]

For example, if bitcoin is going to crash and I exchanged it into $1200 Ethereum lets say. And it goes down to $800 USD, will the Ethereum value go down?

Could you exchange your bitcoin into another currency to be protected from a crash?
I think Coins like Doge, LTC , USDCOIN all of these are 99.9% stable always in the same price, 0.01% prob that you are very very very unlucky and it drop when you buy but I don't think it will happen.

What do you think ?

What I will do is stay hold. Especially I believe the bitcoin price will increase in the next few years. So the best thing to do is take advantage of the price of bitcoins while its price is still cheap. Because I'm sure I'll be able to earn a lot of money here and get rid of all my losses.

[xandra]

For example, if bitcoin is going to crash and I exchanged it into $1200 Ethereum lets say. And it goes down to $800 USD, will the Ethereum value go down?

Could you exchange your bitcoin into another currency to be protected from a crash?
I think Coins like Doge, LTC , USDCOIN all of these are 99.9% stable always in the same price, 0.01% prob that you are very very very unlucky and it drop when you buy but I don't think it will happen.

What do you think ?

If the bitcoin collapses, I think investors will certainly be scared and withdraw from the crypto market. Because bitcoin is the soul of the crypto. if the bitcoin collapses, crypto also will die

That's what I've been thinking too mate and I agree with your thoughts. Probably investors will withdraw all their money in crypto if ever bitcoin will collapse or die because I also believe that btc is the soul of crypto and it will affect all the alternate coins if ever that will happen.

[Remainder]

This is also what i'm afraid to happen and I hope not, but we should take extra precautions for whatever happen to bitcoin, for now my bitcoin still as is on my bitcoin wallet and i'm not selling it for this current bitcoin price and i think their will be a signal for everyone of us here if bitcoin will go crash anyway, but i trust bitcoin that are going to moon in this coming few weeks or month.

[eternalgloom]

For example, if bitcoin is going to crash and I exchanged it into $1200 Ethereum lets say. And it goes down to $800 USD, will the Ethereum value go down?

Could you exchange your bitcoin into another currency to be protected from a crash?
I think Coins like Doge, LTC , USDCOIN all of these are 99.9% stable always in the same price, 0.01% prob that you are very very very unlucky and it drop when you buy but I don't think it will happen.

What do you think ?

If the bitcoin collapses, I think investors will certainly be scared and withdraw from the crypto market. Because bitcoin is the soul of the crypto. if the bitcoin collapses, crypto also will die

That's what I've been thinking too mate and I agree with your thoughts. Probably investors will withdraw all their money in crypto if ever bitcoin will collapse or die because I also believe that btc is the soul of crypto and it will affect all the alternate coins if ever that will happen.

Define 'collapse' first, then we can talk. If Bitcoin really goes to zero, another coin will just take its place.
Too many projects are already running on the Ethereum chain for it to fail. Well, it can still fail of course but it's just very unlikely.

The market will probably lose a lot of investments, but not everything, there will be opportunists waiting to invest more.

[Golftech]

This is also what i'm afraid to happen and I hope not, but we should take extra precautions for whatever happen to bitcoin, for now my bitcoin still as is on my bitcoin wallet and i'm not selling it for this current bitcoin price and i think their will be a signal for everyone of us here if bitcoin will go crash anyway, but i trust bitcoin that are going to moon in this coming few weeks or month.

If you trace back the time period of this post, for sure you will still appreciate how bitcoin did, from that time bitcoin arises to $1200 considering that the right now can fall to same level we also see the same thing will happen to other alts which are still leaning with how bitcoin succeed, keeping your bitcoin and wait for another blow out would be the best thing to do, even it will take more months or years again.

[BulbaLord]

No . All i can do is hold my money in bitcoin . Because i believe that bitcoin will rise again , always remember bitcoin is always change ang not stable . So i think the price today , can change tommorow . We do not know when . We just need to wait .

[walemil]

How does someone know a Cryptocurrency whose price is going to crash and move away from it? If you run from bitcoin and move to ethereum, how sure are you that ethereum won't crash too? We won't have such a good market if anyone has specific answers to the above questions.

[[ProTrader]]

For example, if bitcoin is going to crash and I exchanged it into $1200 Ethereum lets say. And it goes down to $800 USD, will the Ethereum value go down?

Could you exchange your bitcoin into another currency to be protected from a crash?
I think Coins like Doge, LTC , USDCOIN all of these are 99.9% stable always in the same price, 0.01% prob that you are very very very unlucky and it drop when you buy but I don't think it will happen.

What do you think ?

If Bitcoin crash all altcoin will follow including Ethereum. The only safe way to prevent from losing is if you convert it to fiat and buy at low price. The only question is if you are aware when will be the next pump  of bitcoin because if the price goes up and you didn't buy, you might end up losing too. 

[Shinpako09]

What happens to the top crypto will also happen to altcoin. So if the btc price goes down, expect that alts will show the same movement. For example the recent fall, see others also in red. So i'll ask you, why would you put your money into other currency if the same situation is happening with them? Btc is capable of recovering from hundred to thousand of bucks in a short period of time while alts are not. Think of it, that's why others is just holding.

[xuan87]

If you plan to put your Bitcoin into alt when Bitcoin crash then that is a wrong move, usually when Bitcoin fall, the alt will also fall down, if you know Bitcoin will fall the safest option is to exchange it to Fiat or usdt, usdt is the most stable coin, but most people will choose fiat

[dewi91]

I think that may be good option to move your bitcoins into Etherum or another crypto currency. It would help to save at least some money. I'm just wander about wouldn't the fall of bitcoin affect on other crypto currencies to fall?

I don't think that option will help us to safe our money when bitcoin crash because all crypto currency are volatility, there is no coins can stay in the same price for a long time. when bitcoin crash we can hold it and do not need worry too much because bitcoin price will increase again and we can sell it in the higher value.

[Duzter]

I believe in bitcoin and the same doesn't let me think about the crash of bitcoin. I used to diversify my earnings which assures me added security on the investment. Nothing to worry about, because bitcoin along with the cryptocurrencies were the future for each and every transaction. So, at any point there is no need of thinking about crash or failure.

[brooklynian]

Nobody can authoritatively claim that a certain cryptocurrency will be very good to always maintain an uptrend. It is not possible. For example, if one leaves bitcoin for another altcoin, such person may be faced with the same challenge he was previously trying to avoid. Even if bitcoin price is down right now, you will have to understand that the price will still go up.

[dreico]

I believe in bitcoin and the fact that even if he falls he will still be able to recover, but what about their savings they are scattered on different coins

[bitcoin31]

If bitcoin crash more the price. I will buy more altcoins and the altcoin that I buy most is the ethereum because that coin is posisble to become next bitcoin. But right now even bitcoin already crash the value it will pump again so it's good to buy also bitcoin and altcoins.