What will you do if bitcoin crash?

[leonair]

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?

No one should ever invest their entire money in Bitcoin.  Everyone should invest their entire assets in different things. So if one of them is completely crushed or destroyed so that person does not become completely destitute. If Bitcoin crashes today, it won't hurt me much because I invest only 5% of my total assets in Bitcoin. And the remaining 95% I calculated for various things. So even if Bitcoin pumps high I won't be a big man overnight and I won't be broke even if it crashes. This is my own investment strategy

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[Fredomago]

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?

No one should ever invest their entire money in Bitcoin.  Everyone should invest their entire assets in different things. So if one of them is completely crushed or destroyed so that person does not become completely destitute. If Bitcoin crashes today, it won't hurt me much because I invest only 5% of my total assets in Bitcoin. And the remaining 95% I calculated for various things. So even if Bitcoin pumps high I won't be a big man overnight and I won't be broke even if it crashes. This is my own investment strategy

It should be taken into account that choosing your investment needs to study well, it's not advisable to place everything into one asset, there are many available investment aside from bitcoin, it's good to have some but you also needed to consider the risk and if worse things happen where Bitcoin completely crash to the point that it won't be able to continue.

You still have other options and you still have remaining investment, unlike if you place everything. Make sure that you are done with your research before considering the amount of investment that you are willing to allocate with this asset.

[Cryptomultiplier]

I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.

[tiCeR]

I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.

FTX essentially has nothing to do with Bitcoin. Being a huge exchange and making some bad headlines still doesn't have to do anything with Bitcoin. It is what it is, but this was rather a centralized banking problem than a decentralized currency problem.

The truth that one guy was able to get control over so much money is actually comedy. It became so absurd that it could become absurd that it was too absurd for anyone to notice and find out the truth.

We have had that with banks, and we had it now with crypto. Perhaps it is going to happen again, but the basic concept of Bitcoin will survive: not your keys, not your coins.

[fuguebtc]

I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.

Bitcoin is very hard to crash, but that doesn't mean it will never crash, anything is possible. I also thought about this problem and I also prepared myself for it even though I didn't expect it to happen. Every investment has risk, so we shouldn't invest with money we can't lose and need to diversify our investments. Do not trust or put all your trust in a single property. I invest mainly in bitcoin but if it crashes I still don't fall, I will always find a way to overcome that pain.

[summonerrk]

I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.

Bitcoin is very hard to crash, but that doesn't mean it will never crash, anything is possible. I also thought about this problem and I also prepared myself for it even though I didn't expect it to happen. Every investment has risk, so we shouldn't invest with money we can't lose and need to diversify our investments. Do not trust or put all your trust in a single property. I invest mainly in bitcoin but if it crashes I still don't fall, I will always find a way to overcome that pain.

The phenomenon of cryptocurrencies can no longer be stopped, but in everyday life you need to be prepared for everything, so you need to try to diversify risks. This means that you cannot invest all your funds in the cryptocurrency market, there are still many assets that will allow you to distribute the deposit: gold, real estate, shares. But I am 100% sure that we will never see the collapse of bitcoin.

[Fredomago]

I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.

Bitcoin is very hard to crash, but that doesn't mean it will never crash, anything is possible. I also thought about this problem and I also prepared myself for it even though I didn't expect it to happen. Every investment has risk, so we shouldn't invest with money we can't lose and need to diversify our investments. Do not trust or put all your trust in a single property. I invest mainly in bitcoin but if it crashes I still don't fall, I will always find a way to overcome that pain.

The phenomenon of cryptocurrencies can no longer be stopped, but in everyday life you need to be prepared for everything, so you need to try to diversify risks. This means that you cannot invest all your funds in the cryptocurrency market, there are still many assets that will allow you to distribute the deposit: gold, real estate, shares. But I am 100% sure that we will never see the collapse of bitcoin.

Diversify is the right thing to do, we don't know what future will bring to us though most of us believe (if not all,) that this market will continue to grow and with the experienced, investment as long-term asset is for Bitcoin. Crash may still happen. We don't know how deep it can be, but a major collapse might not take place after surviving this long.

Again, there's no assurance, but if you are into investment, better to have other options, diversifying your spare money to a different
assets/industry that can provide decent profits.

[Crypto Library]

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?

Firstly I wanna say that don't put your all money or savings in trading whether it Bitcoin or any other top alt coin. Always know and follow the first rule of trading while trading, "Trade or invest as much as you can afford to loose."
And whenever you break this rule of trading, there is a risk automatically creates  on your fund no matter how good and safe the coin is and No need to crash Bitcoin or the investment source to lose funds and face losses through trading. And I don't think bitcoin will ever crash because none of the vulnerabilities needed to crash are noticeable in bitcoin yet.

[ogamibr]

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?

Simple, don't do that, don't leave your money in one place, if bitcoin crashes, what will you do? jump off the bridge?

Common sense, spread money, diversify investments, never risk more than you can spend.

Honestly, I don't believe that any smart trader left his money in just 1 investment

[tygeade]

I have given a thought to this even before encountering this post. I have strong believe that Bitcoin is also among the top leading coins in the crypto currency space. If it crashes, it might affect how the others perform, because users will loose hope or faith in the crypto world. FTX was just an eyeopener, imagine what happens if it concerns Bitcoin.
I certainly don't want to think about the negatives because so much will be lost, more than just the coins, but for those who have relied on its earnings for survival in these times.

Bitcoin is very hard to crash, but that doesn't mean it will never crash, anything is possible. I also thought about this problem and I also prepared myself for it even though I didn't expect it to happen. Every investment has risk, so we shouldn't invest with money we can't lose and need to diversify our investments. Do not trust or put all your trust in a single property. I invest mainly in bitcoin but if it crashes I still don't fall, I will always find a way to overcome that pain.

It is impossible for it to crash. If we are talking about "technically it can crash" then technically it can be one billion dollars each too, but we all know that it won't be a billion dollars per bitcoin right? So, we also know that it won't be zero dollars per bitcoin neither, or 10 dollars, or even 100 dollars.

It means that we have a realistic bottom, could be as low as 5k who knows, and a realistic top, which could be 100k to 200k these days. Those are what we consider realistic, anything above or below would be "technically" possible but it would be impossible in reality. We shouldn't focus on things that are this much dangerous, it just doesn't make sense.

[CageMabok]

Simple, don't do that, don't leave your money in one place, if bitcoin crashes, what will you do? jump off the bridge?

Common sense, spread money, diversify investments, never risk more than you can spend.

Honestly, I don't believe that any smart trader left his money in just 1 investment

What you say is indeed quite logical to think about, because in living that life money must always be placed in different places and in different income cycles. So it would be very wrong if someone just put all their money in one place and they have to endure hunger when they need money in their life. But if someone has put some of his money in the bank, in his house and also in the wallet that he manages every day.

I don't think it would be wrong if he also puts some of his money in a Bitcoin investment because he has saved some of it for living and can also be used to run other small businesses in life. So the advice you say does look quite logical, but not everyone who invests in a place is wrong because maybe they have considered it more carefully before doing it.

[DrBeer]

I didn't do anything when the Japanese yen collapsed. I didn't do anything when the yuan collapsed. I didn't do anything when bitcoin crashed
I simply did not store funds in such assets. Or exchanged them, before the fall, into more stable assets. There is such a thing as asset diversification. A very helpful approach! Helps to minimize the risks of major losses. But even this will not save you from a sharply "falling" value of some asset - you are simply not able to follow everything that happens. At least if you are not a professional stock player, and your whole life and work is a game on the stock exchange.

[GeorgeJohn]

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?

Many people have used Bitcoin ti become something for life, and many people is not depending on the existence of Bitcoin, so what I'm emphasizing on, is that if bitcoin happened to crashed today it will not really affect everybody but the people that be affected mostly is the investors who place their investment into long run, while people who have no investment in Bitcoin will not be affected. So from my perspective it will be vice versa to the people who invest in Bitcoin and people who doesn't concur that Bitcoin is in the existence.

[kawetsriyanto]

No one should ever invest their entire money in Bitcoin.  Everyone should invest their entire assets in different things. So if one of them is completely crushed or destroyed so that person does not become completely destitute. If Bitcoin crashes today, it won't hurt me much because I invest only 5% of my total assets in Bitcoin. And the remaining 95% I calculated for various things. So even if Bitcoin pumps high I won't be a big man overnight and I won't be broke even if it crashes.

It is crazy if we invest the entire money. 
Yep. We must be wise to spend money, they are not for investment only, there are many other things that need money as well. We ideally divide the money for several purposes (daily needs, savings, investment, urgent needs, etc). Because there are many things that require money, I personally never use more than 25% of the entire money for investment/trading. We must limit the amount of money for Bitcoin investment, it is very necessary. Bitcoin price is unpredictable, it can rise up significantly and can drop severely. If we only use 25% of our money, BTC crashing (BTC price drop) won't impact much on our daily life at least.

[EFS]

How can a person be rich if Bitcoin crash? Unless they already have a big short position and exchanges pay that money honestly. Not only for Bitcoin but for all investment tools, you shouldn't put all your money. If Bitcoin crash today that would definitely hurt my finance but I won't be poor. I believe in Bitcoin more than our national reserve. I feel safer. When Bitcoin was more volatile years ago it was harder to sleep comfy at night but now I don't even care about its price because I know it will be around for a long time and will reach new highs.

[AnonBitCoiner]

Bitcoin is a good token for your value to be saved but one thing is to remember that always make proper planning for your money to be used in a worthy way. Always think about fact that with benefit there always bad situations with it hence we should have knowledge about all these facts.

You just think about bitcoin profit but avoids its harmful effect. Its reality that thinking should be complete and do not think with little knowledge. Always know that if it reduces then what will be your profit and what will be your loss.

your choice of making money to invest your daily based money is not good in my opinion. It will be better if extra amount from daily uses are to be put in volatile industry as revenue is not necessarily valued.

[cryptoknightt]

maybe when bitcoin crashes I will buy more bitcoin at a discounted price when else to buy bitcoin at a higher price I'm sure bitcoin will give me a very big profit this is just my opinion

[rhodelmabanal]

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 think only few investors will become poor, investors are practical they don't invest a money that they cant afford to loss, and i believe that as long as bitcoin has a value it will surely rise back just like what happen today, we need to be practical in investing specially when it comes to bitcoin or in any other coin that has an unstable prices.

[Unbunplease]

If bitcoin will crash, another cryptocurrency will take its place. Cryptocurrencies are already so closely integrated into our lives that it is difficult to imagine conditions under which cryptocurrencies could be completely banned. Yes, strict regulatory laws can be passed, but no more than that.

[GeorgeJohn]

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?

No one should ever invest their entire money in Bitcoin.  Everyone should invest their entire assets in different things. So if one of them is completely crushed or destroyed so that person does not become completely destitute. If Bitcoin crashes today, it won't hurt me much because I invest only 5% of my total assets in Bitcoin. And the remaining 95% I calculated for various things. So even if Bitcoin pumps high I won't be a big man overnight and I won't be broke even if it crashes. This is my own investment strategy

Actually your statement or point is encouraging to someone who is up coming in cryptocurrency investment and especially bitcoin. Investing you have in bitcoin is a wrong plan indecencies that it might result out good for the Investment or neither be bad. So bitcoin investment its acknowledged to invest in bitcoin with your reserved money without budget so that when the investment venture into negative or disadvantages it will caused the investors  a depression.