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Author Topic: What will you do if bitcoin crash?  (Read 1750 times)
CageMabok
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February 20, 2023, 08:35:34 AM
 #81

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.
Who do you recommend now? Personally, I have never been afraid of the decline that has occurred in Bitcoin because I have a lot of faith in Bitcoin and have even started to ignore any altcoins recently. Risks in investing are commonplace and this is of course understood by every investor before they invest. And to avoid scams, you just need not to trust everyone easily if you want to make an investment safely and comfortably.

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February 20, 2023, 08:51:15 AM
 #82

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.
Who do you recommend now? Personally, I have never been afraid of the decline that has occurred in Bitcoin because I have a lot of faith in Bitcoin and have even started to ignore any altcoins recently. Risks in investing are commonplace and this is of course understood by every investor before they invest. And to avoid scams, you just need not to trust everyone easily if you want to make an investment safely and comfortably.

In investing in Bitcoin, why are you still trusting anyone? I mean, are they involved in your investment? I think not, right? It is only your own will and research if and when or where you will be investing, and no one else is involved in it unless you need some info from those who have experience. I think if anyone is involved with you, it is some sort of Ponzi scheme or HYIP. Investment is really risky, which is why you should always invest what you can afford to lose.
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February 20, 2023, 08:59:39 AM
 #83

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 made people rich and some don't know what's Bitcoin till today, so if bitcoin Falls today or crash today the people it will affect is the people that i know quit well that  feed from Bitcoin investment and Bitcoin business, many people who got rich Bitcoin will not be poor they will divert to another kind of investment that will give them money, some can go for real estate management or landed properties,  the people that it will really affect much is the people that started newly for cryptocurrency investment.
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February 20, 2023, 09:38:53 AM
 #84

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.
I think having an alternative plan is definitely a good idea, but at the same time when you are a long term investor like me, it's not really a must be done type of deal for many people, it just doesn't matter. I am going to hold bitcoin if it is 100k or if it is 100 dollars, all the same for me, and I am going to keep buying it whatever the price is, that's my plan.

When you have a plan like this, you do not really need a backup plan, because this includes every possible outcome, what else could it be? What could happen that is not covered in my plan? I include everything and it should be good enough for everyone to follow and do the same thing if you ask me.

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February 20, 2023, 03:32:33 PM
 #85

OP this is a very good question. But the only thing is that bitcoin will not crash. Bitcoin is not a Ponzi scheme like MMM or your so call BARAZAR, those Ponzi schemes were controlled by people but bitcoin is a decentralized system so to what extent bitcoin will crash? The only bad effect pro bitcoiners will face the flustration of the market or the price. If someone buy or invest on bitcoin at the rate of $67,790 and suddenly bitcoin is reduced to $10,000 for years then the person will lose very well.

That is why you are not to put all your eggs in one pot. But split them to different investment both in physical and legit online business. Don't invest what you can't lose.









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February 20, 2023, 08:38:12 PM
Merited by Nheer (2)
 #86

Bitcoin is not the spam or scam coin,it had very huge history over a decade.So people with good knowledge surely keep their holding in bitcoin for long term.Even the new people will choose the stable coin as bitcoin for the investment on safe site.Only draw back in bitcoin is,you need to hold huge to get huge profit.Since the price of bitcoin is very high as compared to the 99 percentage of coin in the market.Actually two years back,the price of the bitcoin had top the market.Few project are launched by targeting the price of bitcoin and earned some customers also.
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February 20, 2023, 09:42:48 PM
 #87

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.
Who do you recommend now? Personally, I have never been afraid of the decline that has occurred in Bitcoin because I have a lot of faith in Bitcoin and have even started to ignore any altcoins recently. Risks in investing are commonplace and this is of course understood by every investor before they invest. And to avoid scams, you just need not to trust everyone easily if you want to make an investment safely and comfortably.
If Bitcoin crashes, I will sell my holding and buy it again when the price of Bitcoin come up again. I will keep buying Bitcoin as the market goes down and come up. That is how real traders do there thing. We are in the market to make profits not to watch others on how they are holding there coin. If I buy now I will plan to sell and buy again.

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February 21, 2023, 02:27:44 AM
 #88

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.

The mainstay of cryptocurrency is Bitcoin.  A lot of people have invested in Bitcoin, including owners of various big organizations and outsiders, including this Bitcoin forum.  If this Bitcoin crashes then the only way for billions of people will be death.  Normally you'd think that the drop in bitcoin price would have led to thousands of people getting in the way and portfolios getting lighter.  If the Bitcoin market crashes, billions of people will commit suicide.  People invest 50 to 60 percent of their income in Bitcoin.

If this bitcoin crashes when I say my own, I will surely die.  I can never bear to lose my wealth.

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February 21, 2023, 03:05:06 AM
 #89

If bitcoin crash today, what will be your fate? Poor or rich.
Whether Bitcoin crashes or not, I'm neither poor or rich at all. Smiley

I'll just say that I'm at the middle of it. I'm not rich like the businessmen here, or a millionaire, but at the same time, I'm not like the beggars on the street waiting for food to come on their plastic cups that's been place in front of them. I'm still at the middle whether Bitcoin crashes or not. I'm not affected that much because I'm not all in into Bitcoin, and I will not do that. Too risky for a very risky type of investment

Most people on the platform have submitted all their life savings to bitcoin investment.
That's the problem with some of the investors right now.

The thing that's on their mind is the fact that they can earn profits in a shorter amount of time compare to some traditional assets out there like the stock market that's why they went all in into Bitcoin not knowing the possible risks that they may face. For sure, there are many investors who lost their money last year because of what happened. I just hope that they're still ok and didn't do any bad decisions and remained patient.

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.
Too unfortunate for him I guess.

So I ask again if bitcoin crashed today what will be your description rich or poor?
Still an Average Joe just sipping a cup of coffee in our terrace. Neither rich nor poor. Cheesy

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February 21, 2023, 03:33:40 AM
 #90

Yes, I will be rich if such happen because right from my day one in Bitcoin investment,I don't invest all my money in decentralized currency based on what people have experienced in the market that made the  price of Bitcoin in the market to remain low through  the year and some months. Those that invested all their money in Bitcoin at the moment find it difficult to feed  that caused their family to loss so many things at that period, because they didn't believe that Bitcoin price can crash in that way. If the crash happen in this season, I will remain rich, because I still have other business that is bringing me money in the environment.

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February 21, 2023, 05:13:36 AM
 #91

People invest in Bitcoin with greater risk based on the fact that people have a little more trust in Bitcoin than other coins. But one should not take so much risk that it takes away the ability to turn around later. I don't see any reason to invest by selling the house. No matter where you invest there is no guarantee that you will earn Hundet percentage, the money you invest will always be at risk so investing in any platform by selling houses is a big mistake.

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turneps
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February 21, 2023, 06:20:50 AM
 #92

Bitcoin is unlikely to collapse completely, as many people still see the value of this currency, but it is difficult for Bitcoin to rise again at the high price it used to be. If Bitcoin crashes, I probably won't invest any more money in crypto.

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February 21, 2023, 09:06:49 AM
 #93

Yes, I will be rich if such happen because right from my day one in Bitcoin investment,I don't invest all my money in decentralized currency based on what people have experienced in the market that made the  price of Bitcoin in the market to remain low through  the year and some months. Those that invested all their money in Bitcoin at the moment find it difficult to feed  that caused their family to loss so many things at that period, because they didn't believe that Bitcoin price can crash in that way. If the crash happen in this season, I will remain rich, because I still have other business that is bringing me money in the environment.
I would suggest to keep that going if you believe that will happen, but you can't get rich from bitcoin going down unless you short it, if you are not shorting it, you can't "get rich" when bitcoin crashes, you need to be rich already.

In this case, you are not saying you are shorting it, which means you can't get rich from such crash, and it's good that you have other incomes, I do not, because I believe that bitcoin is all there is for me and won't be changing anytime in the future for me neither. I will always invest all I have into bitcoin, and if it crashes then I will just keep on working and earning money, and keep buying more from the crashed price.

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February 21, 2023, 10:07:08 AM
 #94

Bitcoin is unlikely to collapse completely, as many people still see the value of this currency, but it is difficult for Bitcoin to rise again at the high price it used to be. If Bitcoin crashes, I probably won't invest any more money in crypto.

As you say, many people still believe and see the value of bitcoin, so why be pessimistic that bitcoin will never rise again? There is no proof or indication that bitcoin will not rise again, and if you also invest in bitcoin, don't be too pessimistic, it's not in your favor.

I agree that investing in bitcoin is risky but we should trust our choice. If you can't take risks, your whole life will never be successful, even if you engage in any other investment or business activities. Where there is a risk, there is always opportunity.

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February 21, 2023, 12:32:02 PM
 #95

I want to explain a little about the risks of investing in bitcoin, literally no one will guarantee that bitcoin will crash or not, but if someone is already involved in investing, then in general it shouldn't worry them. Currently there is a lot of support and facts that have proven that bitcoin is the best asset in the long term.

If bitcoin crash today, what will be your fate? Poor or rich.
How big is the involvement of people in bitcoin and how many assets, it will answer what will happen.

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.
Really very unlucky life of the person you mentioned. That's why people must have knowledge before investing, so they can recognize the impact on the investment decisions they make. If someone understands how to invest properly, then at least he knows how to minimize risk.

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Smack That Ace
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February 21, 2023, 12:57:37 PM
 #96

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.

The mainstay of cryptocurrency is Bitcoin.  A lot of people have invested in Bitcoin, including owners of various big organizations and outsiders, including this Bitcoin forum.  If this Bitcoin crashes then the only way for billions of people will be death.  Normally you'd think that the drop in bitcoin price would have led to thousands of people getting in the way and portfolios getting lighter.  If the Bitcoin market crashes, billions of people will commit suicide.  People invest 50 to 60 percent of their income in Bitcoin.

If this bitcoin crashes when I say my own, I will surely die.  I can never bear to lose my wealth.

Bitcoin is just money, it's not everything, without it we will have another way to make money, there are many ways to make money, not only bitcoin. It is foolish to put all your trust or bet your fate on something, even if it is not bitcoin. I also invest a lot in bitcoin and crypto, but I will still smile if it crashes one day. I am not stupid enough to place my life and that of my family in a volatile asset and uncertain future.

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February 21, 2023, 01:03:01 PM
 #97

Let's not talk about the impossibilities for bow rather, we should face and embrace the future that has come in through bitcoin global adoption and avoid scaring people away from enjoying the benefits of bitcoin, this is a digital currency and just as I don't believe a total crash of the fiat currency, same as i never expect bitcoin to crash down and cease to exist since bitcoin is as well a digital decentralized currency well acceptable for the people to use.

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Davian144
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February 21, 2023, 01:08:30 PM
 #98

Bitcoin is unlikely to collapse completely, as many people still see the value of this currency, but it is difficult for Bitcoin to rise again at the high price it used to be. If Bitcoin crashes, I probably won't invest any more money in crypto.
Difficult to rise does not mean it will not be able to rise forever, because Bitcoin always needs time to rise to a higher price so everyone who still believes in Bitcoin must always be patient waiting for this. And as for the investment issue, I think it's each individual's decision to run it and it doesn't have to be in the crypto space either because now there are many places you can choose to invest in as long as the investment can be very profitable for you.
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February 21, 2023, 04:03:25 PM
 #99

It looks like Bitcoin will not crash now. But since you want to know how you would be if bitcoin crashes now. I'm not currently invested much in bitcoin so if bitcoin crashes now it probably won't affect me too much. But there are a lot of people who have invested a lot in bitcoin and have sold their wealth and land to invest in bitcoin. So before investing in any site, you must think about the positive and negative aspects of that site.
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February 21, 2023, 09:37:28 PM
 #100

Bitcoin is unlikely to collapse completely, as many people still see the value of this currency, but it is difficult for Bitcoin to rise again at the high price it used to be. If Bitcoin crashes, I probably won't invest any more money in crypto.
What do you mean by "collapse completely"? Do you mean Bitcoin to lose its value at all? Well, I don't see any reason that Bitcoin to lose its value, it just decreases its value because of the bearish season. When the bullish season returns, the price of Bitcoin will come back to the previous season (like the season in 2021). The price of Bitcoin even can be bigger than the last ATH ($68k-$69k). People predict that Bitcoin price probably reaches $100k in the next bullrun season (2024-2025). So, why do you assume the price will be difficult to be as big as previously?  Huh


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