What will you do if bitcoin crash?

[VRExpress]

People around the world already understand how valuable Bitcoin is, if there is ever going to be a massive dump it won't last long, you will only be left with blames if you failed to take actions, I will surely buy all I could and wait for a recovery, because in the end of every crash, Bitcoin always pumps.

[Paul Pogba]

People around the world already understand how valuable Bitcoin is, if there is ever going to be a massive dump it won't last long, you will only be left with blames if you failed to take actions, I will surely buy all I could and wait for a recovery, because in the end of every crash, Bitcoin always pumps.

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True, everyone knows that holding bitcoin means you have to be willing to lose money, and I also believe that changes will continue to occur so that one day the price of bitcoin crashes and is worthless, yesterday's little test was FTX, if top exchanges like binance, kucoin, huobi go bankrupt or get hacked then the market will shake.

[lizarder]

Everyone already knows the pattern of fluctuations in the crypto market, so price fluctuations will never be stable at a certain price in the long term, so there's nothing to worry about market price movements because crypto market movements won't really fall even in bullish periods, we just had a bearish season last year and this year will be the start of a recovery and we are poised to hit a bullish high.

That will be especially fun for some who are familiar with bitcoin, because panicking does nothing and worrying too much is unnecessary. Bitcoin has found a recovery point from the previous year's correction process and is currently showing significant progress, so that traders can take advantage of it according to the investment pattern that is being run.

At least it has always been like this before this time, the movement of bitcoin has always been cyclical and we are used to it, so everyone is waiting for the cycles to repeat further. But we still don’t know how long all this can be permanent, the cryptocurrency market is still very young, we are only on the initial path of its development.

I probably would not be scared if something affected bitcoin so that it would crash, it would be something like a covid dump for me, but this is something that has already happened before.

There is no certainty about the price of bitcoin, because price cycles and fluctuations will always repeat itself, but I remain optimistic that this year bitcoin will progress, even though the correction process may occur repeatedly. If we calculate the four-year cycle process, then this year's opportunity should be a recovery process and next year is a step towards achieving ATH.

Bitcoin price fluctuations may experience delays or acceleration towards a four-year cycle and there is no precise prediction with an accuracy rate above 90% in making predictions.

Since, at the first place, you should be employing the rule to yourself that any money that you invest in cryptos are those money you should afford to lose. Crashes won't really affects you rather it would be a great opportunity to buy since bitcoin is known to recover from this crashes. So, it would all boils down to how great you plan your finances since if you don't put all your money in investing bitcoin, it won't be a problem when this happens.

There is no chance of loss if you take investment opportunities in bitcoin, you just need to use the right concepts, stay calm and don't panic, then you will not lose money from investments made in bitcoin. Unless you invest in some other crypto and I don't have the knowledge to explain it, because as far as I know bitcoin's power to retain value has been proven to date.

[Vaskiy]

Months back the price of bitcoin was around $17k. By the time everyone feared the market would move down to $10k and what happened now. The price have crossed $28k, people who bought earlier have made profits whereas the one who thought of buying low or feared of the market recovery missed the opportunity and even now haven't invested. People create a mentality to get adopted to the situation and move on. Same happens if there takes place massive bitcoin crash. At the beginning it'll be hard to accept, slowly people gets used to it and find alternate ways to move on.

We should also know this isn't a market that is similar to the monetary system where the government have the control and use different techniques to print currency of their own. With bitcoin the market is predicted out of the demand to supply which won't let it to crash to the deep.

[Moeda]

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?

Yes. Bitcoin investment is indeed promising, and is a long-term investment. But if you choose the wrong investment method, it can lead to disaster. Never sell a house regardless of its condition, because that's the only place we take shelter. Make an investment with an amount that you can afford to lose. Do it in the safest ways. Don't sell your house or take credit at the bank. Because we are not able to accurately analyze Bitcoin price movements.

[Dragonfund]

People around the world already understand how valuable Bitcoin is, if there is ever going to be a massive dump it won't last long, you will only be left with blames if you failed to take actions, I will surely buy all I could and wait for a recovery, because in the end of every crash, Bitcoin always pumps.

You understand how the market work, and what follows is regret when you see opportunity and refused to take it. Like the last time when FTX crashed, it dump so bad, the Bitcoin market becomes laughing investment by the media. that is what they love about bitcoin, they are always interested in the failure but the bitcoin has now bounce back but no media is talking about it, they are afraid of people making profits and do you know people that are scared of Bitcoin growth? It is the tradfi.

[KaliLinux]

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, people are different, not everyone in Bitcoin invested every one of their savings in Bitcoin and people should never forget not to invest what they can't afford to lose. That said, I understand that anything can happen but as for me, until it happens. Bitcoin has endured a lot of FUD thus far and is still here and will probably be here way more than you think but if what you think happens, those that know to take profits interval wouldn't worry. 

[MiF]

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?

In investing there is always a rule never invest an amount that you can't afford to loss or never take a loan and use it to invest crypto because that was so risky, another is you will not going to loss or to become poor when you will not sell at loss sell it at a very high price and buy it on dip so you will not going to become poor, also always have patience and learn to hold and control emotion and you will surely earn profit.

[jokers10]

...
and I also believe that changes will continue to occur so that one day the price of bitcoin crashes and is worthless
...

Why should it be so? Doesn't matter which are rates of bitcoin to any fiat currency, 1 BTC stays 1 BTC. It doesn't lose or acquire qualities depending on which amount of USD can you exchange 1 BTC. So bitcoin can be crashed only in two cases: if everyone will distrust it (I can hardly imagine that) or if there will be found some significant technical bug (very low probability). Otherwise it will withstand nearly any problems, including rates lowering. Bitcoin is a decentralized financial system by itself, it can work even without fiat in the world at all.

[Rupok]

A Bitcoin crash would definitely be a huge loss for everyone.  Many people invest in Bitcoin in many ways, some are investing all their money by selling houses and some are investing a small amount of their wealth.But now it is impossible to see an investor who invests all his wealth.We can only speculate about this. But no one can say for sure that Bitcoin will crash.  Because Bitcoin price dynamics are getting better these past days. Our volatility is one of the reasons for our fear.  So we should avoid greed and restlessness.

[CageMabok]

People around the world already understand how valuable Bitcoin is, if there is ever going to be a massive dump it won't last long, you will only be left with blames if you failed to take actions, I will surely buy all I could and wait for a recovery, because in the end of every crash, Bitcoin always pumps.

Only those who believe and dare to buy at every crash to get profits after the crash is over on Bitcoin, because the crash moment is only used by people who have the capital and have the courage to buy as much as they can. And I would really appreciate it if you also have the courage to buy Bitcoin when it crashes then wait for the moment of improvement to take profits.

True, everyone knows that holding bitcoin means you have to be willing to lose money, and I also believe that changes will continue to occur so that one day the price of bitcoin crashes and is worthless, yesterday's little test was FTX, if top exchanges like binance, kucoin, huobi go bankrupt or get hacked then the market will shake.

FTX is not a test to make the market go bad although it can be an example of the big exchanges having an influence on the state of the market when it crashes. And being willing to lose money doesn't mean that everyone will throw their money into a useless place, because if you just hold Bitcoin it must be considered a waste of money, it means you don't have the courage to hold Bitcoin at all and are not fit to be in the crypto space which is full of risks.

[SOKO-DEKE]

I don't believe Bitcoin will crash, but if it does, as you might imagine, I can't really say whether I will be poor or rich because it is not only Bitcoin I invested my savings; all I know is that it will affect me because 25% of my savings that is there. Even though I can afford to lose the money, I might still be demoted because 25% of my savings are there. The best way to protect your investments is to stow them away so you may have  backup in case something goes wrong. If it weren't for eagerness, I doubt anyone would invest almost all of their savings in the cryptocurrency industry.

[autumnleaf]

I did have some bitcoin, but it wasn't even close to 1 BTC, but I was just holding it because I don't really rely on it. I have a job, and my partner and I are working hard to grow our business. Don't invest all of your money in bitcoin, I suppose, if you want to avoid a crash.

[cafee_orange]

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 have been taught before in terms of investment, my friend told me that investing should be done in quality altcoins and investments need to be made with full monitoring for success, he said. in my mind there are only quality Bitcoin and Ethereum and have more brilliant potential in the future. so with advice like that I try to invest a little with the assets I have in Ethereum, and Btc. until finally I get the benefits of the investment.
well, the question is what if Bitcoin falls? I will remain a loyal investor in bitcoin and will never get out even if the bitcoin price falls.
But if at this time the price of bitcoin falls, then I will return to adding my investment in it with all the assets that I am currently carrying.

[bosede1]

It is definite that my net worth will diminish a lot and it may affect me emotionally too. I have a job at hand, so if anything happens I fall back on my salary and see what comes next for me.

[OpenCEX]

7 things you could do after a crypto crash:

• Remain calm
• Understand why the market is falling
• Learn about dealing with market volatility
• Don’t panic-sell
• Consider buying the dip
• Stay diversified
• Focus on the long term.

There’s no doubt that if the price of BTC were to fall 10 times, it would be a disaster for the entire crypto industry. But there are very few chances that BTC will suddenly crash in this way. Even though some things could make BTC’s price go down over time, it would take big changes in the economy and government, as well as the destruction of the Bitcoin network, for BTC’s price to drop quickly to ~$2k.

[dunfida]

It is definite that my net worth will diminish a lot and it may affect me emotionally too. I have a job at hand, so if anything happens I fall back on my salary and see what comes next for me.

If Bitcoin crashes and all of your investment was put up in all there then you would definitely be having that financial devastation which would really be resulting into that emotionally and mentally be affected which i would say it would be normal but it would really be that impossible for there are no altcoins would be taking its place.If we do speak overall on crypto failure or really going to the floor then there's nothing we can
do but to switch up into our traditional jobs and focus into it or would really be focusing more into our side investment.This is why its really important that we should really diversify our businesses
while we do still have the money.

[Bitcoin2009]

Bitcoin crashes of course can happen at any time even though today it is up more than 4% but there is no guarantee it will last for a long time, as investors of course we have to be prepared and not stress if one day bitcoin crashes, but as long as bitcoin is still valuable then we can use it to the fullest profit.

[Aanuoluwatofunmi]

Many misinterpreted price crash with bitcoin volatility, as I've understood the entire thing, they were both different and bitcoin cannot crash, it's very rare for a genuine and acceptable currency to crash down and exist no more, people say this about bitcoin because they were yet to accept and see it as a currency all because they never adopt the whole system with a decentralized network and either they like it or not, it has come to stay.

[Paul Pogba]

In total I'm online and managing cryptocurrencies maybe only about 3 hours per week, and total bitcoin + altcoins assets are currently only around $380, if one day bitcoin crashes of course I'm not too bothered, I've been reducing cryptocurrencies assets since 2018 because I understand the risks, although at the moment it looks promising but I can always control and collect bitcoins or altcoins from bounties.