Let's prepare for the worst

[deisik]

I don't think that we are currently are having situation that would need preparation for the worst case scenario. Still every good investor and trader has a back up plan and escape strategy for rainy days. But I don't expect some deep dump and bigger problem on the market so I don't think this will be necessary

As long as there is no "fair price", crypto will remain completely unpredictable

Many posters at first had been seriously thinking that Bitcoin couldn't crash below 6k as that was considered the ultimate lower limit determined by the profitability of mining. I don't know if the real mining costs (averaged) were close to that figure but we crashed almost two times below 6k without taking into account this consideration (and then Bitcoin miners started to sell out their mining rigs for the lack of profits)

In this way, any price is speculative or even random (think a random walk here). It is not determined by real use and adoption which would prevent sudden dumps, and as such there is nothing that could potentially arrest "the worst case scenario" if it is set to happen

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[2chase]

For me, there is no difference - is Bitcoin 4000 now worth it, or can it cost $ 2,500 in a month or one and a half, I am a long-term investor and at the moment is set up exclusively for a long wait. I am ready to wait a few years if need be. No negative news can shake me in my intention.

[livingfree]

For me, there is no difference - is Bitcoin 4000 now worth it, or can it cost $ 2,500 in a month or one and a half, I am a long-term investor and at the moment is set up exclusively for a long wait. I am ready to wait a few years if need be. No negative news can shake me in my intention.

It doesn't matter for long term holders. And this should be the attitude of most long term holders and I think everyone is learning to not depend with such news, FUD or anything that can change our way of making decision.

I think you created this thread so the people will be panic, there is a lot of thread who are saying bad feedbacks about bitcoin and you what we do that we ignore it because it can't help to the bitcoin. Look tje price now is for sure you will say to yourself oh wrong prediction to the bitcoin price because now is $4000 .

People who love to spread FUD are everywhere. It's better to ignore people who do this.

[Idrisu]

For me, there is no difference - is Bitcoin 4000 now worth it, or can it cost $ 2,500 in a month or one and a half, I am a long-term investor and at the moment is set up exclusively for a long wait. I am ready to wait a few years if need be. No negative news can shake me in my intention.

Those that has made it very big has the same mind you have and the wise investor said "buying when others are fearful and sell when they are greed is the best investment process" if you can keep holding no matter what happened to the market there is no way you will not make it because the good bitcoin price is still yet to come.

[XbladedThanos]

Any serious fall in the market will not be tolerated easily am sure such will hit the market hard that it might become unbearable for everybody and nobody will want to hear that To me i think that huge downfall is really impossible

[deisik]

For me, there is no difference - is Bitcoin 4000 now worth it, or can it cost $ 2,500 in a month or one and a half, I am a long-term investor and at the moment is set up exclusively for a long wait. I am ready to wait a few years if need be. No negative news can shake me in my intention.

Those that has made it very big has the same mind you have and the wise investor said "buying when others are fearful and sell when they are greed is the best investment process" if you can keep holding no matter what happened to the market there is no way you will not make it because the good bitcoin price is still yet to come

If I'm not mistaken, that wise investor was Warren Buffett

But you should keep in mind that blindly buying something in the down market is no guarantee of success. On the contrary, it is in fact a recipe for disaster. What Warren Buffett meant is that valuable assets in such a market are heavily oversold and undervalued, so you can buy them really cheap, that's true indeed, but valuable asset is not equal any asset. Thus, you should first find such an asset and distinguish it from other assets, i.e. do what every wise investor does all the time