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Author Topic: What will you do if bitcoin crash?  (Read 1892 times)
Oneandpure
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March 31, 2023, 03:57:03 PM
 #281

Talking about fate if bitcoin crashes, the first thing I will see is is it just the price crash or crash due to conflict with the government? If the price crashes, surely one day it can rise but if it sack with government that is dangerous. But I'm also not too sad because I don't save or invest a lot in bitcoin.Honestly, my main goal is to become a bounty hunter and if bitcoin crashes, it will definitely have a big impact on the bounty campaign and I don't want that to happen. I still want to be here until I get rich.

Just a suggestion for all friends
Its okay for us to invest, trade, or bounty campaigns while crypto still exists and is worth it. But do it wisely, with calculation, and don't be in a hurry just because hype of the 1 coin that is being talked about on social media platforms. Do the research carefully, with a small number first it's okay, it's sure to be safe.
Bitcoin faced many time conflict with government and drop drastically but always have chance for recovery back to higher price, I don't sure how serious conflict between Bitcoin and government because always have chance for up to higher price. I sure with cryptocurrency keep exist for longer time after more than ten years release to public until right now many people enthusiast for investing in Bitcoin.

Don't be afraid with many wrong argument about Bitcoin will crash and back to zero price, many people and investor waiting for if Bitcoin really have lower price they are preparing invest with huge amount later. Not clearly argument using when talking about Bitcoin possibility crash and have lower price one day later, have been last several years with this issues talking but Bitcoin keep stable on higher price.

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March 31, 2023, 04:06:09 PM
 #282

I can't really imagine if bitcoin crashed and lost its value. Though let's just say now that i think it is okay for me because I don't always go all in on one investment, which is why I don't go broke, and also for those investors who know the risk, it is okay for them because they already know the risk. Though speaking the truth and letting's not imagine it, this is not possible unless there is no internet, no electricity, and war in the world.
Fakhrulenclix
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March 31, 2023, 06:31:24 PM
 #283

I personally don't really care about my life.
Because I don't invest too much in bitcoin.
but I can't imagine the investors who put a lot of money in bitcoins and who are looking to make money on bitcoins.
If bitcoin crashes of course crypto will fall too.
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March 31, 2023, 07:08:45 PM
Merited by fillippone (1), $anounimus$ (1)
 #284

I can't imagine bitcoin will crash or completely go to zero, but if it happens, I'll lose trust in other cryptocurrencies as well, because bitcoin is the mother of all crypto. Bitcoin is volatile and you must know what you are investing into. As an Investor, I only risk money that I'm willing to lose and on things that I understand. I will stay calm and assess the situation and accept it. No one can predict what's going to happen in the future but If it happens out of nowhere, I have to find other alternatives because if that crash will happen, other opportunities will come.

As long as Bitcoin has fans, its value will exist and it is very difficult to go to zero. Because something that already has a price will always be assessed better by looking at the developments that already exist in Bitcoin itself. Investors who really believe in Bitcoin will also not worry about this because they always have faith in Bitcoin which will continue to be valuable as long as there are still many people who really like it and are still being bought and also traded on the market.

And I think the only disaster that can make Bitcoin lose its value is when the whole world can no longer access the internet which makes it impossible for everyone to buy Bitcoin in the market. But until now I also have never seen this kind of disaster ever happen in the past, because it will not affect the value of Bitcoin if only one country cannot access the internet, but if the internet network is disrupted for the whole world, it loses value for Bitcoin I think it's very possible.

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April 01, 2023, 02:27:39 PM
 #285

I can't really imagine if bitcoin crashed and lost its value. Though let's just say now that i think it is okay for me because I don't always go all in on one investment, which is why I don't go broke, and also for those investors who know the risk, it is okay for them because they already know the risk. Though speaking the truth and letting's not imagine it, this is not possible unless there is no internet, no electricity, and war in the world.

There are several possible (but very unlikely) events which can lead to if not crash but too big problems:
  • if someday computing power will beat crypto protection of bitcoin before its devs could prevent it;
  • if there will be found some critical bug in bitcoins core which hasn't been found until now and some intruder will use if before it can be patched;
  • if majority of governments of top economies will actively ban bitcoin, its usage, its holding, etc.
Of course anything of this will hardly come true, but probability theory says that even event with the lowest probability can happen.

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rokok lokal
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April 01, 2023, 02:46:23 PM
 #286

If bitcoin crashes today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment.

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

If you have a long-term investment horizon and believe in the long-term potential of Bitcoin, it may be worthwhile to hold on to your investment and wait for the market to recover. On the other hand, if you have realized significant returns from your Bitcoin investment, you may want to consider taking profits and reallocating your funds to other assets.

Regarding the possible Bitcoin crash, it is important to stay calm and avoid making hasty decisions based on emotion. Panic selling can often lead to significant losses, and it is important to remember that markets are subject to cyclical trends.

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 shot down and now he doesn't have a cottage. So I ask again if bitcoin crashes today what will be your description rich or poor?

This is a cautionary tale about the risks associated with investing in any asset, including cryptocurrency.

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nur rochid
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April 01, 2023, 04:06:22 PM
 #287

I can't imagine bitcoin will crash or completely go to zero, but if it happens, I'll lose trust in other cryptocurrencies as well, because bitcoin is the mother of all crypto. Bitcoin is volatile and you must know what you are investing into. As an Investor, I only risk money that I'm willing to lose and on things that I understand. I will stay calm and assess the situation and accept it. No one can predict what's going to happen in the future but If it happens out of nowhere, I have to find other alternatives because if that crash will happen, other opportunities will come.

As long as Bitcoin has fans, its value will exist and it is very difficult to go to zero. Because something that already has a price will always be assessed better by looking at the developments that already exist in Bitcoin itself. Investors who really believe in Bitcoin will also not worry about this because they always have faith in Bitcoin which will continue to be valuable as long as there are still many people who really like it and are still being bought and also traded on the market.

And I think the only disaster that can make Bitcoin lose its value is when the whole world can no longer access the internet which makes it impossible for everyone to buy Bitcoin in the market. But until now I also have never seen this kind of disaster ever happen in the past, because it will not affect the value of Bitcoin if only one country cannot access the internet, but if the internet network is disrupted for the whole world, it loses value for Bitcoin I think it's very possible.
even though we have placed bitcoin as an investment in cryptocurrency with the lowest risk, but I personally also want bigger profits, so I also choose safe altcoins to invest. eth and bnb are safe investment choices in altcoins, both of them have a high level of trust by investors, so diversification needs to be done so that our profits increase but also does not leave the risk safety factor in investing. for my long term investment needs eth and bnb for 25% each and the rest for bitcoin. sometimes I also use small money to buy new altcoins, just as a testament to luck
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April 01, 2023, 10:28:29 PM
 #288

even though we have placed bitcoin as an investment in cryptocurrency with the lowest risk, but I personally also want bigger profits, so I also choose safe altcoins to invest. eth and bnb are safe investment choices in altcoins, both of them have a high level of trust by investors, so diversification needs to be done so that our profits increase but also does not leave the risk safety factor in investing. for my long term investment needs eth and bnb for 25% each and the rest for bitcoin. sometimes I also use small money to buy new altcoins, just as a testament to luck
Nice portfolio with a combination of Bitcoin, ETH, BNB and new altcoins, but I'm ignoring new altcoin options because it's too risky to invest and 3 coins are enough to hold long term, I don't worry if the market crashes because those 3 coins definitely have high potential to achieve a high price recovery in the halving period. We expect that after or before the halving there will be a significant increase for bitcoin so that some other altcoins will have the same increasing effect and we can't wait to achieve maximum profit in the future.

Oilacris
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April 01, 2023, 10:37:59 PM
 #289

even though we have placed bitcoin as an investment in cryptocurrency with the lowest risk, but I personally also want bigger profits, so I also choose safe altcoins to invest. eth and bnb are safe investment choices in altcoins, both of them have a high level of trust by investors, so diversification needs to be done so that our profits increase but also does not leave the risk safety factor in investing. for my long term investment needs eth and bnb for 25% each and the rest for bitcoin. sometimes I also use small money to buy new altcoins, just as a testament to luck
Nice portfolio with a combination of Bitcoin, ETH, BNB and new altcoins, but I'm ignoring new altcoin options because it's too risky to invest and 3 coins are enough to hold long term, I don't worry if the market crashes because those 3 coins definitely have high potential to achieve a high price recovery in the halving period. We expect that after or before the halving there will be a significant increase for bitcoin so that some other altcoins will have the same increasing effect and we can't wait to achieve maximum profit in the future.
Not really that a bad idea if you do really make some stash on top #10 ranking coins in the market as long your finances would able to suit out but if not then going for BItcoin and ETH would be
the most important thing if you do go for long term.Speaking about Bitcoin crash, then how many times we've been able to witness this? If you've been here on this market for a while now
then it wont really be that shocking anymore for you to see thins condition.Instead you would be making yourself that in panic, you would rather see up these things
to be that an opportunity for you to buy more if you are really that going for long term.

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April 02, 2023, 01:55:22 AM
 #290

Bitcoin crash, of course it makes us sad because we are not yet rich from bitcoin, for those who have got great wealth from bitcoin of course it is not a problem anymore, for me it is of course a small problem because at this time I plan to invest in bitcoin and I will increase the portion of purchases per month.
fuer44
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April 02, 2023, 03:06:08 AM
 #291

Talking about fate if bitcoin crashes, the first thing I will see is is it just the price crash or crash due to conflict with the government? If the price crashes, surely one day it can rise but if it sack with government that is dangerous. But I'm also not too sad because I don't save or invest a lot in bitcoin.Honestly, my main goal is to become a bounty hunter and if bitcoin crashes, it will definitely have a big impact on the bounty campaign and I don't want that to happen. I still want to be here until I get rich.

Just a suggestion for all friends
Its okay for us to invest, trade, or bounty campaigns while crypto still exists and is worth it. But do it wisely, with calculation, and don't be in a hurry just because hype of the 1 coin that is being talked about on social media platforms. Do the research carefully, with a small number first it's okay, it's sure to be safe.
Bitcoin faced many time conflict with government and drop drastically but always have chance for recovery back to higher price, I don't sure how serious conflict between Bitcoin and government because always have chance for up to higher price. I sure with cryptocurrency keep exist for longer time after more than ten years release to public until right now many people enthusiast for investing in Bitcoin.

Don't be afraid with many wrong argument about Bitcoin will crash and back to zero price, many people and investor waiting for if Bitcoin really have lower price they are preparing invest with huge amount later. Not clearly argument using when talking about Bitcoin possibility crash and have lower price one day later, have been last several years with this issues talking but Bitcoin keep stable on higher price.
I'm not too worried about it mate, because bitcoin started from a low value too. What I'm worried about is if the government's conflict with bitcoin occurs and the effect is access denied to crypto either to exchanges or wallets in all countries in the world, that's what I'm afraid of.

I hope not, but if that happens will all the members here and all bitcoinners in the world boycott?

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April 02, 2023, 08:22:19 AM
 #292

even though we have placed bitcoin as an investment in cryptocurrency with the lowest risk, but I personally also want bigger profits, so I also choose safe altcoins to invest. eth and bnb are safe investment choices in altcoins, both of them have a high level of trust by investors, so diversification needs to be done so that our profits increase but also does not leave the risk safety factor in investing. for my long term investment needs eth and bnb for 25% each and the rest for bitcoin. sometimes I also use small money to buy new altcoins, just as a testament to luck
Nice portfolio with a combination of Bitcoin, ETH, BNB and new altcoins, but I'm ignoring new altcoin options because it's too risky to invest and 3 coins are enough to hold long term, I don't worry if the market crashes because those 3 coins definitely have high potential to achieve a high price recovery in the halving period. We expect that after or before the halving there will be a significant increase for bitcoin so that some other altcoins will have the same increasing effect and we can't wait to achieve maximum profit in the future.
Not really that a bad idea if you do really make some stash on top #10 ranking coins in the market as long your finances would able to suit out but if not then going for BItcoin and ETH would be
the most important thing if you do go for long term.Speaking about Bitcoin crash, then how many times we've been able to witness this? If you've been here on this market for a while now
then it wont really be that shocking anymore for you to see thins condition.Instead you would be making yourself that in panic, you would rather see up these things
to be that an opportunity for you to buy more if you are really that going for long term.

As long as you can cater your allocated budget for your investment, top 10 alts or staying with both Bitcoin and ETH if you think that it will bring decent benefits in the long-run then go and invest, there are lots of factors in terms of market movement, patience and knowledge with the business you are investing will be a big help to achieve your goals.

Just don't place your investment blindly always has enough time to DYOR and for sure it will help you to recognize what kind of investment that will going to fit with the type/class of investor you are.

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April 06, 2023, 10:34:48 PM
 #293

This will be so serious. It will affect alot of people. Most millionaires may likely turn to zeronaire. But for me I don't think it will have much effect on me since I don't have much of it.

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April 06, 2023, 10:46:49 PM
 #294

I can't really imagine if bitcoin crashed and lost its value. Though let's just say now that i think it is okay for me because I don't always go all in on one investment, which is why I don't go broke, and also for those investors who know the risk, it is okay for them because they already know the risk. Though speaking the truth and letting's not imagine it, this is not possible unless there is no internet, no electricity, and war in the world.
"what if bitcoin crashes today", well I just do what humans are best known for which is adaptation. I guess as you said we all cant imagine such a situation happening in today modern world as bitcoin itself is not control by any individual so the likely possibility of its crashing is very low, the only situation that could actually lead to such thing happening is when the entire global network shuts down which is very much impossible to happen except a war fought with nuclear weapons occur. I think these points of yours given are the only way bitcoin could actually crash because no one controls and everyone also controls it, so it's going to be hard to imagine such thing happening.
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April 07, 2023, 03:17:02 PM
 #295

If bitcoin crashes of course I will focus on running a business, right now I have a small business that is producing and marketing clothes, I pay 3 employees, but because there are still not many sales results, I use my free time for crypto trading.
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April 08, 2023, 07:33:14 AM
 #296

If Bitcoin Crash will certainly be a problem for many people, millions of people work in Bitcoin and all things that are related to cryptocurrencies, if Crash certainly increases unemployment, especially now it is increasingly difficult to make money because of the problem of global economic recession.
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April 08, 2023, 08:24:03 AM
 #297

As long as you can cater your allocated budget for your investment, top 10 alts or staying with both Bitcoin and ETH if you think that it will bring decent benefits in the long-run then go and invest, there are lots of factors in terms of market movement, patience and knowledge with the business you are investing will be a big help to achieve your goals.

Just don't place your investment blindly always has enough time to DYOR and for sure it will help you to recognize what kind of investment that will going to fit with the type/class of investor you are.
If we are considering investing in altcoins, in case if bitcoin crash, then this option will probably not be very good for us, because if something like this happens to bitcoin, then very difficult times will also come for altcoins.

At the initial stage of investing, those who do not have very large capital will tend to more risky investments, this is normal, and often the risks justify themselves. But when the capital reaches significant values, then it is worth considering how to diversify our investment portfolio. it is difficult to predict what failures may await us, but if we distribute the risks, then our chances of success will increase.

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April 08, 2023, 11:02:52 PM
 #298

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?

People who put all their savings in one basket are surely risking the lifestyle of themselves and their children. Bitcoin used to be a good investment and is supposed to continue this way for a few years, but that doesn't deny risk is always associated with every investment.
The example you mentioned  lost his money to a service that offers exposure to Bitcoin and crypto currencies, not in Bitcoin itself, and these two cases are completely different. When someone deposits money to a centralized service, they should consider the possibility of this service turning into a scam or getting terminated by the government, so Bitcoin has no guilt in this case. In the same context, we witnessed the shut down of many crypto exchanges, in which people lost millions of dollars and they haven't been compensated till now. On the other hand, Bitcoin is still running and fluctuating in price. Thus, owning Bitcoin directly or without getting exposure to a centralized service implies much lower risk than depending on that service.


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April 09, 2023, 07:18:09 AM
 #299

...
Thus, owning Bitcoin directly or without getting exposure to a centralized service implies much lower risk than depending on that service.

It's correct, but even if we hold our savings on our own address there is a risk anyway: losing control over keys is possible not depending on how cautious we with their safety. So bitcoin can stay safe, not crash any how and we still can lose our savings. To keep in mind this probability is not what should be paranoid but what should motivate us for cautiousness each time we work with crypto. And to diversify our savings is not so bad idea even if we hope that bitcoin is not going to crash in the near future.

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April 09, 2023, 02:34:59 PM
 #300

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?

At first, I would call your attention to the phrase  which is popular onboard this platform         
" invest what you can afford to loose" this is where many miss out  in making investment decision in bitcoin.  Another thing I noticed off lately is the rate at which complaints have been on the air partaining to bitcoin related investment. Many are still ignorant of the ethics in bitcoin investment while some are adamant to hid to advise not until they see what is about to befall them.

As for me I have nothing to loose because I do not believe bitcoin would crash as I do not have that reasoning mentality like you to think that bitcoin would crash. If it does may be it is likely to be a price drop so it would be an avenue to accumulate more bitcoin while waiting for the bull run.

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