What will you do if bitcoin crash?

[browsiek]

that's why when you are going to invest, don't pour out all the assets you have.  Shouldn't we know from the start that if we jump into the world of investment there must be consequences which can make us gain or lose.  thinking things through carefully is the most appropriate step so when we experience a loss we already know what we will do.

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[Kakmakr]

If you are a clever investor, you will never go all-in on a high risk investment like Bitcoin. You will have a balanced portfolio with a good mix between low/medium/high investment options. So, when Crypto crash, you will still be able to rely on your low and medium risk investments.

I have some coins that I trade with, but I use stop losses to prevent disastrous losses, when there might be a crash scenario. I always try to sell, before it reach those levels. (so you manage your risk) 

[Henrobakkara]

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 like you said about a man in your area, you have invested all you have on Bitcoin and for some unknown reason Bitcoin crashes as you insinuated  then you are probably going to be poor for that period butas you must have known if you have followed the rules in Bitcoin, Do not invest what you cannot afford to lose which means, not investing everything you have which I believe most OGs understand so I don't think most people here have invested their life savings.

[TravelMug]

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?

Of course, like any investment that have invest that fail, then you might feel bad about it. That's human nature reaction to anything in life. As for the description of being rich or poor, it's up to you, whether you are willing to take that risk and invest most of your money in bitcoin so be it. And so if it will fail then it will obviously take a hit on your finances and you have to think how you can bounce back again. That's life for you, we don't know what will be the outcome in the future.

Thanks that risk, but you should know the consequences of your action.

[chmod755]

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?

Average. If Bitcoin literally crashes to 0, I still have some precious metals (gold and silver) and fiat currency and my apartment.

The number of private and corporate bankruptcies will be insane if Bitcoin collapses.

[19Nov16]

that's why when you are going to invest, don't pour out all the assets you have.  Shouldn't we know from the start that if we jump into the world of investment there must be consequences which can make us gain or lose.  thinking things through carefully is the most appropriate step so when we experience a loss we already know what we will do.

Bitcoin can crash at any time, yesterday the price rose by more than 12% but today the price dropped by more than 3%, this is normal because the decentralized system depends on demand and stock in the market, when demand increases the price will rise and vice versa, and it should be the most important thing is to get profit from the moment the price goes up or down.

[Queentoshi]

If like you said about a man in your area, you have invested all you have on Bitcoin and for some unknown reason Bitcoin crashes as you insinuated  then you are probably going to be poor for that period butas you must have known if you have followed the rules in Bitcoin, Do not invest what you cannot afford to lose which means, not investing everything you have which I believe most OGs understand so I don't think most people here have invested their life savings.

The rule is never to invest all you have, only invest what you can lose, it is not advisable to invest your whole life savings, because you never can tell, what the future holds, investing your whole savings is like you collecting loan from bank to invest. And I know people have understood it very well now, so I don't think people still do same mistake by investing the wrong way, which is the aspect of investing all their life savings. Like you said if Bitcoin crashes one day they will become poor.

[el kaka22]

Buy more? Many people will say that, and many will say they will just go about their regular life without anything else. We have to realize that bitcoin is not the only thing that is keeping us alive, I mean I have been involved with crypto for so long and faced so many crashes and nothing really changed in my life when that happened, so that means I won't be really bothered about it anyway.

I know many people think of something much worse, like poverty or something, and even heard people who hurt themselves when price went down, but it's simply because they made wrong moves when buying, bought with money they can't afford to lose, that's the reason, not the crash.

[Zilon]

Bitcoin crashing might remain a hypothesis but what if it happens i will simply move on to the next technology. The fact is nothing just happens under the sun. Something must have triggered the dump, and in the case of Bitcoin it will require holders pulling out their funds with massive sell. And before this happens there should be another promising offer better than the current so for me i will join the early birds to embrace the next era of both digital asset and innovation if it ever happens. We keep evolving even in the world of technology and innovations.

[darkangel11]

Define "crash" please.

I have a lot of bitcoin (double digits), most of it from 2014-2016 so I still hold coins that I bought for $500. I also took some profit over the years, can't say how much because I had coins bought at different price levels.

If we crashed another 50% from here I'd still have over 20x of what I've invested, so I'm not afraid of 12k Bitcoin at all. If by crash you mean 0, I'm not afraid of it too because it's not going to happen. I'm betting a lot of money on it and I'm 100% confident that I will never see $1k bitcoin again in my life.

That said, I don't feel rich. This is my retirement and something to leave to my children. I'm not saving up for a Lambo, but it doesn't mean I won't buy one if we ever go above $100k. A used one though, I don't like to overpay. 

[Woodie]

I think most here will agree with me that a bitcoin crash isn't their first rodeo and anything like this to come won't shake them either..

If you must know bitcoin is like riding a bike.. you fall off it get up and get back right on it and continue the journey... It's all about not having a quitters mindset!

Besides bitcoin is cyclical in nature and a crash or is it a dip is very normal as this helps it build the momentum to moon.

[panganib999]

Surely it would suck, But I know better than to invest my life savings on something as volatile as crypto. Bitcoin has been a great part of my life and if not for it I wouldn't be where I am at today, but if it does crash tomorrow? I think I'd be good. I'm skillful, I don't invest anything that I couldn't afford losing, and I have enough savings to boot that will help me get by for the next couple years. That said I surely hope it doesn't crash to the ground. Just that being ready for it is something that cryptocurrency investors should be practicing because bitcoin won't be here forever, well technically it could but something in the future that is so much better and more powerful will succeed it. That I know for sure.

[carlfebz2]

I think most here will agree with me that a bitcoin crash isn't their first rodeo and anything like this to come won't shake them either..

If you must know bitcoin is like riding a bike.. you fall off it get up and get back right on it and continue the journey... It's all about not having a quitters mindset!

Besides bitcoin is cyclical in nature and a crash or is it a dip is very normal as this helps it build the momentum to moon.

If this one talks about getting almost to zero then it would be an another story on which there's really something wrong with it.We dont know on how other people been thinking or having that kind of approach.

If there's a crash then we would be normally seeing this as an opportunity to buy but if this do really happens then are you really that too confident or really could still trust to buy btc if ever that time comes?

Im not so sure if people would be having that positivity on that way but im sure that there would be those people who would really be that taking a risk despite
of the situation but of course it wont really be giving out an assurance.

[bestcoins1]

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?

Before I answer your question or before we talk further, it's better if BARAZAR is not equated with Bitcoin. OK, if there was a crash in Bitcoin like last year, what would be more visible would be people not making any profits in the past year because most Bitcoin holders are selling half of their assets to not suffer a bigger loss.

And on the other hand there are also many people who take advantage of low prices by buying as much as possible for better profits in the near future, because Bitcoin always has more potential to increase after a price decline. So if Bitcoin falls like I saw it last year and in 2018, I only see the less fortunate, not the rich getting poor.

[AmoreJaz]

I think most here will agree with me that a bitcoin crash isn't their first rodeo and anything like this to come won't shake them either..

If you must know bitcoin is like riding a bike.. you fall off it get up and get back right on it and continue the journey... It's all about not having a quitters mindset!

Besides bitcoin is cyclical in nature and a crash or is it a dip is very normal as this helps it build the momentum to moon.

if there will be crash, then just wait for the btc market to recover before you sell anything. but just to answer OP's question, won't affect me much. as i have my other assets other than btc. this is the reason why you always need to diversify your portfolio. you can never be sure of your investments. so if something goes awry with one, you still have another back up. don't put all your savings in one asset.

[Fivestar4everMVP]

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?

Though i am hoping that there will never be a reason as to why bitcoin should crash and never rise again, because i know that I have almost all my investments on bitcoin and some other altcoins, infact, 95 percent of my live investments is in crypto currencies, so in as much as it is hard to say or believe, I would agree that, if bitcoin crashes today, which also will affect the entire cryptocurrency market, then I consider myself poor , this is all that there is to it, there is no need beating about the bush, Bitcoin, as well as cryptocurrencies in general controls my business, if it crashes, it simply means my business has crashes, but yeah, i believe it never will, this is an imaginative question with imaginative answer.

[zaki12]

that's why when you are going to invest, don't pour out all the assets you have.  Shouldn't we know from the start that if we jump into the world of investment there must be consequences which can make us gain or lose.  thinking things through carefully is the most appropriate step so when we experience a loss we already know what we will do.

Bitcoin can crash at any time, yesterday the price rose by more than 12% but today the price dropped by more than 3%, this is normal because the decentralized system depends on demand and stock in the market, when demand increases the price will rise and vice versa, and it should be the most important thing is to get profit from the moment the price goes up or down.

Yes that's right, Crypto didn't crash like a business, it just lost X% of its value. i stick around for the long haul when Bitcoin and crypto markets are down, i panic buy not sell.

What will you do if bitcoin crashes? it's like we listened to people like that 10 years ago, many of us are millionaires today. For me Bitcoin trading is the best investment anyone can make. Because it can make you rich in the blink of an eye as long as you don't panic sell.

[BitDane]

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 only invest my money that I can afford to lose so basically Bitcoin crashing won't affect me much.  I never sold a house or any asset just to buy Bitcoin in huge sum.  So I can say that I am among the people who won't mind if Bitcoin crash today since I can just consider and think that I lost in a gambling games.  Besides, if Bitcoin crash today, I am sure it will surely recover in the next days.  

Btw, we only incur losses if we sell our Bitcoin but holding it and waiting for the next ATH, so better not too impatience and wait for the Bitcoin market to recover and surge before cashing out.

[Yatsan]

The right thing to do is to sell and jinvest again at the bottom. It is just a matter of taking advantage of what is happening in relation to its nature of market price volatility. The crash won't be from $24k to $10k in a snap so I guess there would be a safe exit. Than to just hold because of pride, and wait for another bullish trend. In such way, profit qould be bigger but I won't judge those who are into long term investment. They are the ones who would hold no matter what happen 'coz it is still profitable given that based on charts the market price of Bitcoin is consistently increasing over years. But as I've said, if you are into bigger profit then move as in line with price volatility.

[lovesmayfamilis]

You describe the situation as the collapse of a lifetime. What will happen to your destiny? A very loud statement. I do not keep all my assets in bitcoin, and I do not make a religion out of it, so if something can happen, it will not be a global catastrophe. The idea is always supported not to keep all the money in high-risk assets; only greedy people who think about eternal profits go to buy bitcoin, investing all their money, without thinking at all that if such a situation happens, they need to think about what they will be left with.