What will you do if bitcoin crash?

[_BlackStar]

I've been through period of high bitcoin prices where in 2021, and I'm actually seeing the highest ATH there.
Because of this, I would never run from bitcoin even if it crashes at 80% of its ATH, and am sure to accumulation as much of it as I can.
I'm not afraid of price volatility because as long as bitcoin has real interest and use cases, then as long as it too has the possibility to get more expensive and more expensive. Increased adoption will be a supporting factor as to why I need to be ready to invest, so there's no reason why I should run when it crashes.

You and everyone else only lose the value of your investment if you hold on during the crash, while you will gain if you are willing to wait for the rise. Know something here, bitcoin has good potential to be more expensive in the future.

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[molsewid]

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?

If bitcoin crashes, I'm still a person like when it is still okay. I don't know why I can't answer this but I always believe in bitcoin no matter how many times people doubted it and it is also drop a lot but still I'm holing my bitcoin. If the moment that bitcoin crashes so herd and goes back to a single digit then I think my career and journey in crypto might end as well.

[jakelyson]

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?

I am invested in bitcoin but not fully. I still have money invested on regular investment and not just cryptocurrency. So, if ever bitcoin crashes today, I will still be fine. I will lose some, but I will still be financially stable.

And what is good with bitcoin, it crashes from time to time but it still recovers. Just give it time and if you are a hard-core bitcoin investor, you will take that opportunity to invest more.

You and everyone else only lose the value of your investment if you hold on during the crash, while you will gain if you are willing to wait for the rise. Know something here, bitcoin has good potential to be more expensive in the future.

You are right, the potential is always there regardless of what the naysayers say. There is always someone shooting down bitcoin but it have stayed strong through these years. It crashes from time to time due to negative news, but it always recovers.

[JoyMarsha]

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.

If bitcoin crashed today (which I know is impossible), my fate in it wouldn't write me off as a poor or rich being, but rather as a moderate being (not rich nor poor) who isn't completely dependent on bitcoin for sustenance and isn't putting life savings on bitcoin.

Most people on the platform have submitted all their life savings to bitcoin investment.

Avoid generalizing. Just a few numbers can invest their entire life wealth in bitcoin. The majority of those who can try that are newbies. newbies with false information about bitcoin that bitcoin is a get rich scheme.

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?

You don't compare altcoin with bitcoin. Altcoin can crash within a short period but bitcoin tends not to crash. Even if it crashes in price, there's every possibility that it skyrocket in price. To avoid losing your money, it is advisable to invest in bitcoin rather than an altcoin.

[isaac_clarke22]

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?

Neither.
I never invested to Bitcoin just for the sake of getting rich. If it is crashes, then whatever, I would just take the advantage of being able at the lowest price. People think that Bitcoin is all just a money generator needs to reconsider their reasoning of being here. I know that there are returns and stuff, but knowing that you're investing in something that has volatile price should at least give you a hint that you should not invest including those that you cannot afford to lose.

[bittick]

crash of bitcoin is the same as crash of the market if you think you gonna leave unscathed because you simply invested in altcoins you're wrong. so I guess we'll become broke, but actually there are many that diversify their investments across btc and stocks I guess some people might still have good financial condition even after series of bitcoin crashes.

[DOH!]

If all that happened.  I will also have a normal life, just will be a bit sad because of the many months and years of savings that I bought, I bought and accumulated bitcoins and a few for altcoins.  If back to the bitcoin crash issue, the entire market would probably crash as well.  And there's nothing to worry about, because it won't happen.

[trendcoin]

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?

I don't know if the BARAZAR project is ponzi and I don't quite understand what you mean when you say if Bitcoin crashes one day, but if it suffers a 51% attack one day (yes, I know it's almost impossible) I'll wait for it to get back up. I'm sure there are thousands more who will continue to wait like me. Bitcoin does not crash and does not disappear. It is our consensus. Maybe one day, transactions and blocks will be damaged temporarily, but Bitcoin will continue to be our common idea. Anyway, in short I'll try to buy more if it crashes one day.

[sulendra12]

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?

Well, I started from nothing and until today I just invest with money that I can afford to lose and I have nothing to regret if had ever crashed. I can't say I'm rich but at least it's maintainable. If you invest your life savings just for Bitcoin, then I hope they need to think again before proceed to do that because it's really dangerous if they lose some or all of their earnings in matter of seconds.

[virasisog]

If that happens, I wouldn't be rich or poor but I can sustain our needs and still live a normal life through my stable job and enough savings from crypto opportunities. It will cause negative things to us crypto enthusiast but we should always be prepared if ever worst and unexpected things happen. Investing and saving is too important because we all know what the future may bring in the world of crypto but at least we are earning through the opportunities that it offers so we must take advantage of it.

[bettercrypto]

what kind of bitcoin crash do you mean? is it falling to its zero value? because if this is what you are referring to it is not realistic.

      Then as time passes the bitcoin value continues to increase so it is a good long term investment

[Lida93]

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 possibility of bitcoin crashing is something many would argue that it's not possible literally. I am one of those who don't have so much investment in bitcoin and on the other hand bases on my status quo I won't say am rich right now, so should bitcoin crash down today or anytime from now my status quo won't be affected as it would should it have a crazy bull run any moment from now. Don't forget, countries like El Salvador would experience a great financial reck on its economy should there be a crash based on how massive the country has invested into bitcoin.

[wiss19]

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?

I don't have all my assets or wealth stored in Bitcoin, so, if that actually happens, which doesn't sound possible to me, I should be fine even after that.

As they say, never put all your eggs in one basket, and this is exactly why they say things like that. Always diversify your investments, not only in crypto, but in other stuff like gold, silver and real estate, which are some of the best options for those who have savings to invest.

In theory, for Bitcoin to crash to an extent which would make a rich become poor due to it if he has everything in Bitcoin, almost every entity, every exchange, every service and company will need to dump their coins and immediately stop using Bitcoin. The blockchain should stop and there should be no transactions. And, none of that sounds possible to me. So that's definitely not happening.

[Findingnemo]

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?

Don't put all your eggs in one basket that is the only basic thumb rule when it comes to investment so if someone failed and went bankrupt because of one asset failed completely with their investment knowledge.

Never take risk money which is affordable to lose, for now I diversified my portfolio which importantly consists gold and real estate so if bitcoin fails and went to zero I won't be on the street but as far as my instincts says what you're saying its highly unlikely to happen.

[Altryist]

Don't put all your eggs in one basket that is the only basic thumb rule when it comes to investment so if someone failed and went bankrupt because of one asset failed completely with their investment knowledge.

Never take risk money which is affordable to lose, for now I diversified my portfolio which importantly consists gold and real estate so if bitcoin fails and went to zero I won't be on the street but as far as my instincts says what you're saying its highly unlikely to happen.

That's right, that's what I'm talking about, you don't have to put all your money into one deal. Divide it into as many directions as possible, buy real estate, open a business, or even better several, buy bitcoin and enjoy life. You need to learn how to earn income from as many sources as possible, then you will never lose. Crises always happen, the black swan can wait for you anywhere, but if you know how to distribute risks, then you can always avoid critical losses.

[Lubang Bawah]

As investors we must always be prepared for any conditions, I have been scammed several times in business or when investing in altcoins, and I think opportunities for crashes from bitcoin or cryptocurrencies can also happen at any time, there are many things that can cause it and if that happens then we shouldn't ever cry, before that happens then do a rethink whether you dare to take risks or not, if you don't dare to take risks then it's better to leave from now on.

[lienfaye]

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?

If you follow the rule to only invest what you can afford to lose then even the outcome is not good for your investment you will still be fine. Hence, if Bitcoin crash (though I doubt it will happen) it doesn't affect me financially since the money I invested in Bitcoin is the money that I can live without. Moreover, I have other investments to count on, that's the importance of diversifying because even the other failed, I still have other to look forward for the future.

So don't be complacent and always have an alternative plan just incase. Because regardless how good the investment is, don't forget that there's always risk.

[Marvell1]

As investors we must always be prepared for any conditions, I have been scammed several times in business or when investing in altcoins, and I think opportunities for crashes from bitcoin or cryptocurrencies can also happen at any time, there are many things that can cause it and if that happens then we shouldn't ever cry, before that happens then do a rethink whether you dare to take risks or not, if you don't dare to take risks then it's better to leave from now on.

Indeed, if you can't take the risk and can't lose that money, it's best not to invest. Not only with bitcoin but all other investments are risky, and the higher the risk, the higher the return. No one knows what bitcoin will look like tomorrow, but since it can be highly profitable, people are willing to take the risk. If bitcoin crash entirely, it will be my biggest regret, but it will never affect my life as I am investing with money ready to lose.

[Jawhead999]

I will keep buying Bitcoin, I might spend more money to buy during crash because it's the best time to accumulate more Bitcoin. A wise Bitcoin investor wouldn't scared if crash happen, actually they're waiting for this event since they know Bitcoin have a high possibility will recover and reach new ATH. As long as you invest what you can afford to lose, there's nothing should be worried since you still have money to survive for the next few years.

[Jody.Drummer]

I will keep buying Bitcoin, I might spend more money to buy during crash because it's the best time to accumulate more Bitcoin. A wise Bitcoin investor wouldn't scared if crash happen, actually they're waiting for this event since they know Bitcoin have a high possibility will recover and reach new ATH. As long as you invest what you can afford to lose, there's nothing should be worried since you still have money to survive for the next few years.

Nice move. As long as it can still be bought and feel confident about the profit it holds for another day then do buy even though there has been enough upside right now and it's at $24k it's still something worth considering especially if the price drops back later.
I'm also doing this and admittedly I'm still not planning to stop until the price is close to $ 28k / $ 30k because I still believe there will be more returns than buying now.
Maybe for some people, waiting is still a good thing, but I don't want to be too bothered by it because I still feel that as long as I can afford it, I will buy it.