What will you do if bitcoin crash?

[awik p]

In total I'm online and managing cryptocurrencies maybe only about 3 hours per week, and total bitcoin + altcoins assets are currently only around $380, if one day bitcoin crashes of course I'm not too bothered, I've been reducing cryptocurrencies assets since 2018 because I understand the risks, although at the moment it looks promising but I can always control and collect bitcoins or altcoins from bounties.

Bitcoin is going to go up even though the market eventually  rawh just like many persons are agitating about what will happen if Bitcoin crash. This would not be the first time Bitcoin would crash since the launch of Bitcoin. The market had been crashed far back and going up back to balance the momentum is needs to gather. I sincerely but more position if this happens so that I can make more money from the market. The price if Bitcoin is down now and those investors that know what they are doing and how to invest are busy buying and holding their Bitcoin.

the current decline in bitcoin is not like the decline that occurred in 2018, at which time there was a lot of panic from investors, whereas now it seems calmer, because many people already have knowledge about the characteristics of bitcoin, so there is no need for significant panic. in the current position it is better to buy and hold it until we at least sell it in the previous ATH area, but many think that they will form a new ATH. personal analysis may be better for target setting

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[speedy963]

Bitcoin would not affect my personal wealth. However, it's important to remember that any investment carries risk, and it's important to diversify one's portfolio to mitigate that risk.

This is one of the most common advise and also one that you should consider the best. People keep forgetting about the risks attached when money is involved specially when we talk about investments, and sadly they will go all the way for the sake of "high risk, high reward" kind of strategy, but is that really the best way to minimize losses? I also don't think that's the best way to invest but instead it can be called gamble. Yes, I also admit that I often do this things not because I'm bored or just to experience the thrill of "all or nothing", but because I do want to earn bigger by risking big, but it is not really an advisable way to do this kind of investing.

[abralzain17]

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?

it depends on how much I invest in bitcoin, if I invest more than half of the assets I have then it is possible that I will fall into poverty, but my current investment in Bitcoin is only half of the assets I have and of course if the price of bitcoin falls I will return to add more much more of my investment is in bitcoin, and i will be rich if the price goes back to normal.

[bangjoe]

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?

It's natural for people who make such crazy investments in my opinion to experience ruin and become poor instantly.
For me, those who invest don't take the risk between life and death in one asset, here it is important to manage risk and use money to invest, which is the safest money to use or in other words, has nothing to do with needs or emergency funds.
I myself will not experience poverty if bitcoin crashes because I do not play gambling and use existing assets like the person you are telling me about.

In our lives we must be realistic, before knowing Bitcoin everything goes normally, the presence of Bitcoin gives additional income, if later Bitcoin crash then we must be normal and never disturbed anything, from now on we must always be ready if that happens, technology and development will always be Changed, the Bitcoin system that currently looks good and convincing will be an obsolete thing one day

We don't know that bitcoin will become obsolete or even better, It's something that people can't do normally when they have a loss like what the OP talked about because it will affect mentality and of course it's quite depressing, It will definitely happen even though we have diversified our investments into many sectors, but maybe when you have diversification there won't be such a bad depression.

[mulia sabee]

I will spend the coffers of funds that I have to buy bitcoin again. If the price of Bitcoin is currently falling, I will buy as much as possible according to the funds I have to collect in my bitcoin wallet. I'm sure it would give me a big advantage if it happened this time

[nurilham]

I'd be totally fine, mentally, emotionally and financially if bitcoin crashes today. Absolutely nothing to be worried about. I have a great life outside the cryptocurrency ecosystem. Business even though small is going great. I got other skills that are in high demand too. Bitcoin isn't my life; it is life one of my side hustles. If it crashes, I'd take whatever I have learned and apply it somewhere else.

I assume you only invest a small amount of your money in Bitcoin and make it as a side investment only. Your main investment and your main job are in real life, so you don't rely on Bitcoin investment for your life. Well, this is the right way, you won't get a significant impact if Bitcoin price crashes at any time. However, you won't get significant profits when Bitcoin price skyrockets. There is nothing wrong with your way, it is safe for your money and your life.

[erep]

I assume you only invest a small amount of your money in Bitcoin and make it as a side investment only. Your main investment and your main job are in real life, so you don't rely on Bitcoin investment for your life. Well, this is the right way, you won't get a significant impact if Bitcoin price crashes at any time. However, you won't get significant profits when Bitcoin price skyrockets. There is nothing wrong with your way, it is safe for your money and your life.

If you invest a small amount it won't have any impact on market movements, but unfortunately the market prediction is currently in a phase to get bullish in the next month, so when the market increases significantly you don't get the maximum profit because you have little crypto investment, so it's better to market correction in the following quarter then you apply the DCA method to increase your investment before the bullish.

[Mr.right85]

If bitcoin crash today, what will be your fate?

This is something I haven't thought of but, i supposedly nothing. What else could I have done other than move on to the next phase of life. Definitely, poverty is far from it as I've got my own thing going but, it wouldn't be very appealing after having all these hopes of a future where cryptocurrency runs the show, haven't invested early and the gradual accumulation turning into a security for a future we not yet know and then, it crashes...! Bad, but not the end of life.

Ponzi schemes already took its piece of us and still, here we are with the advent gone. Even with people still falling victims of schemes like this, we already unto the next with cryptos and should we be fated to crash which I don't see how, it's definitely unto the next.

[Paul Pogba]

I never thought that bitcoin could last forever, technological changes would always appear and sometimes destroy the previous system, if bitcoin crashes then I will focus on real business and of course doing hobbies or activities that I like like cycling in the morning and evening.

[Fredomago]

I assume you only invest a small amount of your money in Bitcoin and make it as a side investment only. Your main investment and your main job are in real life, so you don't rely on Bitcoin investment for your life. Well, this is the right way, you won't get a significant impact if Bitcoin price crashes at any time. However, you won't get significant profits when Bitcoin price skyrockets. There is nothing wrong with your way, it is safe for your money and your life.

If you invest a small amount it won't have any impact on market movements, but unfortunately the market prediction is currently in a phase to get bullish in the next month, so when the market increases significantly you don't get the maximum profit because you have little crypto investment, so it's better to market correction in the following quarter then you apply the DCA method to increase your investment before the bullish.

Small investment won't hurt you if market crashed as long as you understand what you are doing and you are willing to risk the money that you spare with bitcoin investment. The market is unpredictable and if you aim for good amount of profits you need to hope that it will pump hard and you will see the value of your small amount to grow and be satisfying to sell out.

More on your set trget and your trust to overcome the crash that's possible to happen.

[erep]

Small investment won't hurt you if market crashed as long as you understand what you are doing and you are willing to risk the money that you spare with bitcoin investment. The market is unpredictable and if you aim for good amount of profits you need to hope that it will pump hard and you will see the value of your small amount to grow and be satisfying to sell out.

More on your set trget and your trust to overcome the crash that's possible to happen.

Even though investing a small amount but needs to analyze the market so he can conclude the right time to buy bitcoin, a wise investor will not rush to invest and always analyze the market opportunity to buy at a correction price, the opportunity to invest in a correction market will get high profits for the future . However, they are also not frustrated if the market crashes again because they are buying bitcoin at a low price.

[Chilwell]

So I ask again if bitcoin crashed today what will be your description rich or poor?

I will not be that extremely poor but it will affect me but I don't believe that it will crash. Bitcoin is my secondary source of income and if it crashed I will still be on feet because the money Invested in bitcoin is just about 20% of my wealth, the remaining
80% are into physical business which today am doing fine it and also is my primary source of income.

[abralzain17]

Small investment won't hurt you if market crashed as long as you understand what you are doing and you are willing to risk the money that you spare with bitcoin investment. The market is unpredictable and if you aim for good amount of profits you need to hope that it will pump hard and you will see the value of your small amount to grow and be satisfying to sell out.

More on your set trget and your trust to overcome the crash that's possible to happen.

Even though investing a small amount but needs to analyze the market so he can conclude the right time to buy bitcoin, a wise investor will not rush to invest and always analyze the market opportunity to buy at a correction price, the opportunity to invest in a correction market will get high profits for the future . However, they are also not frustrated if the market crashes again because they are buying bitcoin at a low price.

it's true what you mean, but in response to what is the main topic, I think it's correct that if the current bitcoin price collapses, then we better buy it in bulk and according to the assets we have.
because, in my opinion, you don't need to think much about buying bitcoin, because whenever the price of Bitcoin will increase again, even if we buy it at a very low value.

[Pejoh Asu]

So I ask again if bitcoin crashed today what will be your description rich or poor?

I will not be that extremely poor but it will affect me but I don't believe that it will crash. Bitcoin is my secondary source of income and if it crashed I will still be on feet because the money Invested in bitcoin is just about 20% of my wealth, the remaining
80% are into physical business which today am doing fine it and also is my primary source of income.

It's a good idea to only keep bitcoins with 20% total assets, but I think 20% is a great value, I suggest reducing it again to a maximum of 10%, I also don't mind if bitcoin crashes one day, because of the value of bitcoins and altcoins that I save in wallets and exchanges no more than $1000.

[Dr.Osh]

If bitcoin crash today, what will be your fate?

This is something I haven't thought of but, i supposedly nothing. What else could I have done other than move on to the next phase of life. Definitely, poverty is far from it as I've got my own thing going but, it wouldn't be very appealing after having all these hopes of a future where cryptocurrency runs the show, haven't invested early and the gradual accumulation turning into a security for a future we not yet know and then, it crashes...! Bad, but not the end of life.

Ponzi schemes already took its piece of us and still, here we are with the advent gone. Even with people still falling victims of schemes like this, we already unto the next with cryptos and should we be fated to crash which I don't see how, it's definitely unto the next.

yes, we can't possibly be down forever because if something bad happens. as humans, we need to move on with life, and look for alternatives to the failures we have had. Besides that, even though it may give anxiety and stress to many people, we still need to try to improve ourselves and maybe learn from the failures we receive.
If bitcoin falls, and you fall too, it means you weren't prepared for it. therefore, right now it's best to create some businesses that can support your life when bad things happen. besides, there are many examples of people who invest in coins that become a scam, but they try to survive, and rise to a better life after that.

[Sir Legend]

If one day Bitcoin crashes even worthless, all the lives that I experienced will be normal, indeed since the presence of Bitcoin, it can increase income, by doing simple and easy things in this forum bounties then we can get additional income, if one day bitcoin crash then I will look for other sources of internet income.

[slapper]

If bitcoin crash today, what will be your fate?

This is something I haven't thought of but, i supposedly nothing. What else could I have done other than move on to the next phase of life. Definitely, poverty is far from it as I've got my own thing going but, it wouldn't be very appealing after having all these hopes of a future where cryptocurrency runs the show, haven't invested early and the gradual accumulation turning into a security for a future we not yet know and then, it crashes...! Bad, but not the end of life.

Ponzi schemes already took its piece of us and still, here we are with the advent gone. Even with people still falling victims of schemes like this, we already unto the next with cryptos and should we be fated to crash which I don't see how, it's definitely unto the next.

Cryptos are fascinating. It's dangerous and unpredictable. Buyers like you and me will be devastated if the big Bitcoin crashes. But terror can't guide our lives or finances, right?

Let's study and grow instead. It's time to evaluate our company plans, risk tolerance, and money allocation. We must always monitor security.

Blockchain powers cryptocurrencies. This infant can disrupt finance, healthcare, and logistics. Cryptocurrencies and blockchain technologies will survive Bitcoin's collapse.

[Alphakilo]

Every good investor should always think and prepare for backup. If for instance bitcoin crashes today, i wont be rich but i will never be poor because bitcoin investment is not my only source of income. When i invested in bitcoin, i did not
invest with all my savings.

 Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.

[nimogsm]

Every good investor should always think and prepare for backup. If for instance bitcoin crashes today, i wont be rich but i will never be poor because bitcoin investment is not my only source of income. When i invested in bitcoin, i did not
invest with all my savings.

 Most newbies who don't know really understand bitcoin investment pattern will want to invest all their money without any side hustle and become so stranded when bitcoin crashes.

you say the right things and I support your thoughts.I also never focus on just one asset,because anything can happen at any time.There should always be various reserves in various sources that can provide additional guarantees for our investments and income.And the sooner people realize this,the better it will be.

[Fortify]

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?

Bitcoin has spent the last 10+ years going through different size boom and bust cycles, it's still undecided where it's correct value lies. It does seem to be somewhat connected with the success of the wider global economy and when money is cheap it can flow into these more extreme assets looking for a return. If you want stability then you should look for a diversified portfolio as it is the only way to avoid the very worst of the excesses, however you may not get rich quickly. One thing to consider is that the higher bitcoin goes, the market cap grows exponentially and that makes it much harder to push higher, at it's peak of around $60k it had a market cap of around $2 trillion so for Bitcoin to reach $120k that brings the value of all bitcoin to $4 trillion, absolutely huge numbers.