Bitcoin has soared to new Heights , Now the Crash is starting , R U READY?????

[spazzdla]

As someone who bought at the "peak" in 2013 and should of sold out when BTC was at $1500 and "had a chance to get my money back"  YAAA I am holding.  Is BTC $5,200.00 Canadian?  Oooh why yes yes it is.
WITH THAT SAID.. if you think this shit is going straight to $500,000.00 and no dips in between.. get out now.  There is a high chance we dip back down to $1-2000 for years.

[stupid_seb]

Risk of losing 50% vs today (still on profit territory for most?)

vs.

Chances of getting a x10 to x50 (balls of steel required)



-> Choose your camp...
(Alts are proably a good way to hedge your game)

[Samarkand]

Risk of losing 50% vs today (still on profit territory for most?)

vs.

Chances of getting a x10 to x50 (balls of steel required)



-> Choose your camp...
(Alts are proably a good way to hedge your game)

I highly doubt that alts are a good hedge. Most are heavily correlated to the BTC price.
This is especially true for all of the more than 1000 altcoins, who are not even traded
for fiat directly and are exclusively traded against Bitcoin.

If BTC would crash tomorrow, you would see a bloodbath in altcoins as well.

A better hedge might be something else than fiat or cryptocurrency (precious metals, real estate, stocks...).

[AK47-]

Risk of losing 50% vs today (still on profit territory for most?)

vs.

Chances of getting a x10 to x50 (balls of steel required)



-> Choose your camp...
(Alts are proably a good way to hedge your game)

I highly doubt that alts are a good hedge. Most are heavily correlated to the BTC price.
This is especially true for all of the more than 1000 altcoins, who are not even traded
for fiat directly and are exclusively traded against Bitcoin.

If BTC would crash tomorrow, you would see a bloodbath in altcoins as well.

A better hedge might be something else than fiat or cryptocurrency (precious metals, real estate, stocks...).

Even the top ones like ETH tends to follow variations of Bitcoin market. Altcoin market depend more than what we think, on Bitcoin. Added to that Altcoins are quite risky a bet. Many have encountered loss in Altcoin trading because of the decentralized and unregulated nature of the market. Many things that are considered illegal in centralized and regulated market(Forex and stock market) are prevalent in Altcoin market(pumps and dumps being the major). It is really hard to predict market and hence, becomes the reason for loss. Bitcoin on other hand is the best investment in terms of risks and returns.

[Koadharber]

Risk of losing 50% vs today (still on profit territory for most?)

vs.

Chances of getting a x10 to x50 (balls of steel required)



-> Choose your camp...
(Alts are proably a good way to hedge your game)

I would probably go for (balls of steel required)  Since im a hodler then selling my bitcoin on any pricepoints wont be possible as of now unless if i see soaring prices already on bitcoin. It doesnt stop to amaze us anytime on the potential peak prices that it do gives this is why i do really believe on this coin no matter what happen im still accumulating coins as many as i can and at the same time i do make hedging on altcoin to make more side income.

[olubams]

Only a newbie who is just coming fresh into bitcoin and not only the forum, should be asked to prepare for a crash but unfortunately several people who been long enough and even aware display such level of ignorance. Everyday, I live with the possibility that a crash might happen and that's exactly what everyone should do and be prepared everyday and with that, you won't need to be notified of any preparation.

[BChydro]

Looking at the steady price i do not foresee any crash in the coming weeks,it is still soaring high and we might have seen the price crashing down in the past but things have changed a lot from that situation,with every price dip there are more buyers and so you wont see that big of a fall at this phase.

[Kunlejoe0]

Looking at the steady price i do not foresee any crash in the coming weeks,it is still soaring high and we might have seen the price crashing down in the past but things have changed a lot from that situation,with every price dip there are more buyers and so you wont see that big of a fall at this phase.

I am really good at forecasting in traditional investment
 But crypto is a lot difficult to do

[joshy23]

Looking at the steady price i do not foresee any crash in the coming weeks,it is still soaring high and we might have seen the price crashing down in the past but things have changed a lot from that situation,with every price dip there are more buyers and so you wont see that big of a fall at this phase.

I am really good at forecasting in traditional investment
 But crypto is a lot difficult to do

I'm into trading stocks and yes, crypto is a lot different and hard to predict. Crypto is really more of a speculative market and one negative news will have a big impact to the market.

Looking at the steady price i do not foresee any crash in the coming weeks,it is still soaring high and we might have seen the price crashing down in the past but things have changed a lot from that situation,with every price dip there are more buyers and so you wont see that big of a fall at this phase.

Totally agreed, the market landscape has change now. You won't see any big market crash anymore as compared a few years ago. Investors are really quick in putting a lot of orders when they see that the price is going down. I speculate than maybe 10% dip is already huge for some to really enter the market market. And there are a lot still waiting from the outside willing to put a lot of cash into the ecosystem. So I doubt that there will be a crash coming soon.