What will you do if bitcoin crash?

[kawetsriyanto]

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.

Backup? Is Bitcoin investment your main asset?
It will be safer if Bitcoin investment is only one of your assets and it is not your main asset. I assume many people invest in Bitcoin just for their additional investment. And the money you invest in Bitcoin is just less than a quarter of your total wealth (below 25%). So, when Bitcoin crashes or can't get good profits, it won't give a big impact on your financial stability.

Anyway, you did a good decision to not invest all your savings. You need to spare your money, don't rely on Bitcoin only. You must have savings and other real investments that have smaller risks.

[1715259915]

1715259915

[1715259915]

1715259915

[1715259915]

1715259915

[CODE200]

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.

I think splitting your money to different investment is a must. We should not only focus on one investment because we arent 100% sure on the things that may happen. If bitcoin crash today I wont be that poor because I know how to save. I dont invest all my money in bitcoin because I know that there's still possibility of something bad that may happen on its value given the fact that its a volatile currency.

[alexkut987]

 it's never a good idea to invest more than you can afford to lose. While some people have made significant profits from Bitcoin investments, others have lost money. It's impossible to predict with certainty whether Bitcoin will crash or not, but it's important to be prepared for the possibility and not invest more than you can afford to lose.

If someone has put all of their life savings into Bitcoin and it crashes, they could potentially lose everything. It's always wise to diversify investments across different asset classes to spread risk and protect against potential losses.

[CageMabok]

it's never a good idea to invest more than you can afford to lose. While some people have made significant profits from Bitcoin investments, others have lost money. It's impossible to predict with certainty whether Bitcoin will crash or not, but it's important to be prepared for the possibility and not invest more than you can afford to lose.

Investment work is a very relaxing job and one must really understand the risks and how to do it so that everyone can easily enjoy what they are investing in. It's true, invest according to the abilities we have and don't push it too much so that we can still live in peace when we face risks that we don't want in these investments.

If someone has put all of their life savings into Bitcoin and it crashes, they could potentially lose everything. It's always wise to diversify investments across different asset classes to spread risk and protect against potential losses.

Spreading money into several investments is sometimes a very good idea to avoid excessive losses, but you also need to realize that every investment always carries risks and there are always opportunities for losses and profits. So it is very important to choose the right investment, even if not too much, rather than spreading more money into investments that are inherently risky and not necessarily all of them can be very good.

[utybbas2]

What I did before, buy more how much I can and whenever I can. My target and goal to sell is in 2025 minimum, even if we already have a boom in this year of 2023 which i think is very possible.

[Kodok Bencot]

If bitcoin crashes then nothing will change in my life, since I was not very active in crypto from 2018 then I no longer want to save assets into crypto including bitcoin, and until now I have never bought bitcoin or crypto with money, everything I got from free.

[FirmWars]

When Bitcoin crashes the newbies panic sell all their holdings, they can't endure seeing their portfolio loses 30% in value without freaking out, lol, tell me, how are these type of people ever going to get rich? I guess they can't. The best crypto play is going long term.

[Kadal Ijo]

Of course we hope that bitcoin can continue to shine, but as humans we have to be realistic because change can happen at any time, especially since scam cases from crypto are currently getting massive so that they can anger the country one day, if bitcoin crashes then I will do the things that are routinely done and everything will not be disturbed because the bitcoin assets that I hold are no more than 0.1% of offline assets.

[EarnOnVictor]

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.

I think splitting your money to different investment is a must. We should not only focus on one investment because we arent 100% sure on the things that may happen. If bitcoin crash today I wont be that poor because I know how to save. I dont invest all my money in bitcoin because I know that there's still possibility of something bad that may happen on its value given the fact that its a volatile currency.

You are so right, and I've read from many Bitcoin lovers on this forum that advice anyone that cares to listen to have another source of investments aside from the coin. This is because everyone should be prepared for eventualities of any sort. This does not necessarily mean that the coin would crash or be outdated, but the price at times might not be favourable for the plan of the holders.

[BRINIRHA]

I personally probably wouldn't be affected much if something the OP mentioned happened. because I manage my finances pretty neatly. for high risk assets like bitcoin i don't use much of my total wealth. but indeed from time to time the amount that I accumulated more and more. but it's still within the limits that I can tolerate if something bad happens to bitcoin.

[jokers10]

...
especially since scam cases from crypto are currently getting massive
...

Pupular FUD topic. How some altcoins scam is connected with bitcoin? There are many scams which use fiat currencies but I haven't heard fiat currencies are being banned because of that. Criminals still rather use fiat currencies than bitcoin, because blockchain of bitcoin is fully transporent and criminals are much more familiar with different schemas with fiat.

If some idea is widespread it doesn't mean that it is correct. Don't spread FUD about criminals and bitcoin. We all are interested in clean bitcoin and it is more clean than fiat.

[Greggry]

OP, you should understand this are natural events of life, we do not expect it to last forever but in as much as that, one need to always invest what you can bear the loss if eventually happens. If human can die and expired on earth, is it coins that will stay forever? NO. But while it last let us enjoy the privileges and benefits that is involved.

[bakasabo]

If Bitcoin crashes, I would continue living my usual life and wont even regret for money lost, because that was one of an experience. An experience that taught not to hesitate, take risky decisions and try something new. Of course I will search for other opportunities to earn parallel having a regular full time job.

I think with Bitcoin crash not many will be disappointed much (except investors). Those who coded will always find a different job. Those who traded crypto will switch to trading something else. Those who mined will find another project to invest in. Besides, they can always mine something else than Bitcoin.

[Xcode7]

don't expect too much from bitcoin, we don't know how long bitcoin will last. In my opinion, what will greatly impact the fall of bitcoin are investors or miners whose almost all of their assets are placed in bitcoin.
for me, I don't really think about the impact of the fall of bitcoin because I use it as a search for knowledge in the crypto world, meaning that I only save part of my assets in bitcoin.
Because in my opinion the safest investment or savings tool is gold and bank savings.

[Litzki1990]

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

Investing in home selling can never be a good decision. A responsible conscious person would never do such a thing.  Investments have gains and losses. Today you sell your house and invest and after selling your house you lose all your wealth due to volatility in the market then you will be on the road with your family. Investing is good but emotional investing is never good. Invest as much as you can afford to invest. No platform should be trusted so much that you end up losing everything later on. So before taking such a decision one must think about the family and also think about the future after the investment and then take such a decision.

[Dzwaafu11]

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?

The one thing I learned from these forums is that when it comes to investing in bitcoin/cryptocurrency, I should invest the amount I can afford to lose. Even though it will have an impact on me, it doesn't mean that I will experience financial difficulties because there are other ways that I used them before I started my bitcoin business. I won't regret it if bitcoin crashes because I don't rely on it to be my only financial means of living my daily life.

[Altryist]

Investing in home selling can never be a good decision. A responsible conscious person would never do such a thing.  Investments have gains and losses. Today you sell your house and invest and after selling your house you lose all your wealth due to volatility in the market then you will be on the road with your family. Investing is good but emotional investing is never good. Invest as much as you can afford to invest. No platform should be trusted so much that you end up losing everything later on. So before taking such a decision one must think about the family and also think about the future after the investment and then take such a decision.

Right thoughts, our investments should be aimed at creating an opportunity for us to buy everything we need, including real estate. It is wrong to act the other way around, the investment may be unsuccessful, in which case I don’t even know how long it will take to earn the lost money. Always appreciate the risks, it is better to start small and increase your investment portfolio gradually, if your investments are successful, you will increase the capital and it will be much safer. Before investing that much money, you first need to see how good you are with small funds, investing is not as easy as it seems.

[Aanuoluwatofunmi]

If you'd asked that what will i do if altcoins crashed, i would have provided you with an accurate answer on what next step i would take, but you leaving the whole networks of altcoins uncrashed and assume bitcoin for that seems you're taking it from the opposite direction, before bitcoin can crash, everyone other altcoins would have been entirely dead, bitcoin so far is the only recognized digital currency while others aren't because they constitute many unrealistic dreams on their projects or coins.

[bitzizzix]

As long as I buy it from money I can afford to lose and also not out of my own money, I won't be worried if bitcoin crashes. In every investment there must be a risk that may occur unexpectedly and we must think about this first, and the question is whether you only have one bitcoin asset, and if so it should not happen.
and in my opinion having savings is a thing that must be done and also a priority that must be done from every investment because the savings function will be useful throughout your journey, and patent your investment goals for the long term but if the investment gives you the opportunity to get profits there is nothing wrong transfer some of the profits to savings and stay that way and also continue to make small purchases or money that you can afford to lose gradually, especially when prices fall.
and in my opinion investing in bitcoin must have patience and also strong belief to do so because with this you will not worry about crashes, and only have faith and be patient that bitcoin will rise again without thinking about how long it will take because bitcoin is a long term investment in my opinion will always give good results but that does not mean it is prioritized.

[I_RodimusPrime]

If the Bitcoin market crashes, it could have ripple effects on the global economy and financial markets, which could have indirect consequences for me, you and society as a whole. The level of impact would depend on the severity and duration of the crash.

In terms of personal advice, I would suggest that no one should never invest more than they can afford to lose in anything, and it's always wise to diversify one's investment portfolio. Investing in Bitcoin or any other cryptocurrency, stocks should be done with caution and thorough right research. Then you may find when to enter and when to leave. Also too much greed always make you fail.