What will you do if bitcoin crash?

[slapper]

Remember that cash is king whenever a market crashed happen, the price movement of the bitcoin is becoming good in these past days and the chances of crash is really really small but let's say there's a crash happen because there's always uncertainty in the market. 1st of all, I'll be not be affected big time because I have stop losses and good risk management. I predefine my risks so I'll only lose small amount of my capital if crash happen. During the crash, I'll not get position because it is like catching a falling knives, remember that there are a lot of fear, panic and many negative emotion during crash so the volatility will be crazy. The best thing to do is to watch where you will convert all of your asset in to USDT or any other stable coins. If the volatility becomes normal, start acquiring but remember to create a solid plan regarding where will you make an entry, cut loss, and of course how much usd will you put in that trade or investment.

I agree that "cash is king". Though, I worry about the monetary system's future. Financial infrastructure should evolve with the globe. Bitcoin is volatile, but it might revolutionize value storage and transfer.

The current monetary system is unsuitable for the future. A decentralized, secure, and flexible payment system for individuals and businesses is needed. Of course, Bitcoin may be our answer! Blockchain-based currencies eliminate intermediaries, cut transaction fees, and assure openness and anonymity.

Bitcoin investing involves planning and risk management. Stop losses and predefined risks are critical for market crashes. Yet, fear and panic should not guide our decisions. Instead, we should buy Bitcoin cheaply and keep it long-term. "Be fearful when others are greedy and greedy when others are fearful," said Warren Buffet.

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[CryptSafe]

Based on the topic of this thread, I comment and I see this as "falacy of misconception" in the real sense, it is not real and I think it can never happen that bitcoin will crash. Now I ask when you say crash, what do you mean by that? Because there are lots of meanings based on your ascertion and would want to know what you really mean by the word crash.
Well I will assume you are talking about price drop but however, if that should happen, I see that as an opportunity to bag more bitcoin because I know it would definitely rise back. So I do not think I would be worried about it

[Unbunplease]

There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.

[jokers10]

...
Or everyone started to use government digital currencies, and bitcoin just became uninteresting.
...

If you compare modern bank system and bitcoin in terms of usability I'd say that bank system is much more comfortable. So I don't think that CBDC can change an attitude to bitcoin. Main feature of bitcoin is not its usability, it's about control over own money what is based on decentralization. If you trust your money to bank they get a control over it. The only difference for CBDC is that you trust control over your money not to a commercial bank and then to government but to government directly, but they'll still decide if you can operate your savings. Those who understand what bitcoin is will never refuse bitcoin  in favor of CBDC.

[savetheFORUM]

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.

If we are talking about today, yeah it's unlikely because the price is only showing the opposite thing but I think the OP is only making a scenario there. Each of us is investing according to our preference so unlikely that you will not know if what happens to you in case BTC fails. You said you only invest 25 percent in BTC? Well, that means you won't be totally become poor because you still have 75 percent of your money in other assets.

You will only become poor if you all in your wealth in BTC. All of us that invest in BTC are eager to earn a profit but not all are dumb to put all their savings on it. We know that BTC is too volatile and then there are other factors which can affect its value or developments.

[Jody.Drummer]

Based on the topic of this thread, I comment and I see this as "falacy of misconception" in the real sense, it is not real and I think it can never happen that bitcoin will crash. Now I ask when you say crash, what do you mean by that? Because there are lots of meanings based on your ascertion and would want to know what you really mean by the word crash.
Well I will assume you are talking about price drop but however, if that should happen, I see that as an opportunity to bag more bitcoin because I know it would definitely rise back. So I do not think I would be worried about it

Yes for me personally, I don't see bitcoin going to fall in the meaning of the word "collapse", but if it is a deep drop in price of course bringing bitcoins into our wallets would be the best option at that time. It doesn't need to be far, when bitcoin is at its lowest price lately, it is one of the opportunities to buy bitcoin.
But not everyone can do that, because many people ask, can bitcoin still hit the lowest price? that question we often hear when bitcoin is in a bear market. I think it's better for us to take real action than just asking questions that no one can answer with certainty.

[Fatunad]

...
Or everyone started to use government digital currencies, and bitcoin just became uninteresting.
...

If you compare modern bank system and bitcoin in terms of usability I'd say that bank system is much more comfortable. So I don't think that CBDC can change an attitude to bitcoin. Main feature of bitcoin is not its usability, it's about control over own money what is based on decentralization. If you trust your money to bank they get a control over it. The only difference for CBDC is that you trust control over your money not to a commercial bank and then to government but to government directly, but they'll still decide if you can operate your savings. Those who understand what bitcoin is will never refuse bitcoin  in favor of CBDC.

We cant really deny that the current banking system is indeed that comfortable plus it could really be applied just the way what we are dealing nowadays.It is really just that there are fellas who are really that having huge support when it comes to it and this is why they are really that positive when it comes to its relevance on upcoming years to come. Speaking about crashes and dumps then it wont really be that surprising
and we should bare up into our mind that everything does have the risks when it comes to crypto investment. This is why its always been ideal that you should invest on the amount
which you can afford to lose.

[Ngewex Yuk]

There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.

Keeping all money or assets in one place or one type is stupid, let alone saving all money in bitcoin in the hope that prices will continue to rise, as investors and we have known bitcoin for more than 2 years, of course we understand the risks, I have also experienced losing more money from 50% within 6 months because the price continues to decrease, since then I only make bitcoin as an additional investment with a small portion.

[LastKiss]

There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.

Keeping all money or assets in one place or one type is stupid, let alone saving all money in bitcoin in the hope that prices will continue to rise, as investors and we have known bitcoin for more than 2 years, of course we understand the risks, I have also experienced losing more money from 50% within 6 months because the price continues to decrease, since then I only make bitcoin as an additional investment with a small portion.

It depends on what asset he invests in, if he only invests in a pump and dump project its better to keep all the funds in Bitcoin, losing money 50% in a few months is normal in crypto just don't lose from any scam attempt such phishing, fake project, etc. and also don't afraid when Bitcoin losing 50% in few months since not only Bitcoin that drop that much but stock can happen too.

[fauzan Ichsan]

There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.

Keeping all money or assets in one place or one type is stupid, let alone saving all money in bitcoin in the hope that prices will continue to rise, as investors and we have known bitcoin for more than 2 years, of course we understand the risks, I have also experienced losing more money from 50% within 6 months because the price continues to decrease, since then I only make bitcoin as an additional investment with a small portion.

It depends on what asset he invests in, if he only invests in a pump and dump project its better to keep all the funds in Bitcoin, losing money 50% in a few months is normal in crypto just don't lose from any scam attempt such phishing, fake project, etc. and also don't afraid when Bitcoin losing 50% in few months since not only Bitcoin that drop that much but stock can happen too.

investing in pump and disposal projects is very risky, considering that as if we are playing with the capital we have, the project will be very vulnerable to manipulation, it is different with bitcoin which is the leader in the cryptocurrency world, where a 50% decrease in bitcoin will be easier to buy and hold on to it, instead of buying other coins, because if bitcoin goes down then others will too and vice versa

[mvdheuvel1983]

If bitcoin crash today, what will be your fate? Poor or rich.  So I ask again if bitcoin crashed today what will be your description rich or poor?

I'd be totally fine, mentally, emotionally and financially if bitcoin crashes today. Absolutely nothing to be worried about. I have a great life outside the cryptocurrency ecosystem. Business even though small is going great. I got other skills that are in high demand too. Bitcoin isn't my life; it is life one of my side hustles. If it crashes, I'd take whatever I have learned and apply it somewhere else.

[Pujangga]

For those who have large assets in bitcoin, of course they are worried if bitcoin crashes, the threat of crashes can occur at any time due to many factors, but the thing that makes bitcoin stronger in my opinion is due to the influence of exchanges, top exchanges like crypto.com, coinbase and so on are very active in campaigning.

[jenny56]

If the Bitcoin were to crash, some people may experience significant losses, while others may have already cashed out their investments or diversified their portfolios enough to mitigate the impact of a potential issue. the outcome of a Bitcoin crash would vary from person to person, and it is important for eyerone to carefully take the risks before investing in any asset.

[kak uli]

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?

Judging from the growth that Bitcoin has had from year to year, of course, the estimated value of a holder fluctuates in the exchange they own.
if today the price of bitcoin falls what I feel is the slight loss that I experience because I have a little bit of assets in the form of BTC, but because of the falling price I will try to buy it again more than what I currently have. the collapse of the BTC price is no longer a burden for me because there must be more movement in the future

[CageMabok]

Keeping all money or assets in one place or one type is stupid, let alone saving all money in bitcoin in the hope that prices will continue to rise, as investors and we have known bitcoin for more than 2 years, of course we understand the risks, I have also experienced losing more money from 50% within 6 months because the price continues to decrease, since then I only make bitcoin as an additional investment with a small portion.

Your experience with Bitcoin may not be pleasant, but that doesn't mean you should consider Bitcoin a bad investment because Bitcoin is still much better than other cryptocurrencies. You are not at all wrong if you want to make other cryptocurrencies your big investment, but you may be doing a little mistake by putting less money in Bitcoin that you should be putting more in Bitcoin and less in other cryptocurrencies.

Because other cryptocurrencies can also experience a more severe decline when Bitcoin starts to lower its price in the market and you won't get profits easily if Bitcoin price conditions are not improving. So try to think again before you put your money in another cryptocurrency.

It depends on what asset he invests in, if he only invests in a pump and dump project its better to keep all the funds in Bitcoin, losing money 50% in a few months is normal in crypto just don't lose from any scam attempt such phishing, fake project, etc. and also don't afraid when Bitcoin losing 50% in few months since not only Bitcoin that drop that much but stock can happen too.

I think what you say is more appropriate for @Ngewex Yuk to understand, because he still thinks that other cryptocurrencies can be better when Bitcoin is declining. Even though from experience in the past it was also very clear that other cryptocurrencies also experienced a simultaneous price drop when Bitcoin did not get a better price increase in the market.

And for a duration of six months it is a very short duration for investors who have been in the crypto space for a long time so it is also very natural that it should be said to be normal, because price recovery in Bitcoin after a decline has also always existed in the market which it is always proven on Bitcoin.

[Rockstarguy]

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?

When we were beginners we were taught only to invest what we can afford to lose, so even if bitcoin crash people won't be poor for the fact that they only invest what they can afford to lose. Bitcoin has come to stay , it is not like the meme coins that don't have value. You don't need to invest all the money you have in bitcoin all in the name to make profit. The purpose of bitcoin is not to make people rich or for people to invest all their earnings to become rich. Bitcoin is volatility and it has always been advisable to people to invest only what they can afford to lose.

[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?

When we were beginners we were taught only to invest what we can afford to lose, so even if bitcoin crash people won't be poor for the fact that they only invest what they can afford to lose. Bitcoin has come to stay , it is not like the meme coins that don't have value. You don't need to invest all the money you have in bitcoin all in the name to make profit. The purpose of bitcoin is not to make people rich or for people to invest all their earnings to become rich. Bitcoin is volatility and it has always been advisable to people to invest only what they can afford to lose.

If you invest amount that you can spare to lose and you are aiming for long-term investment then you don't need to do anything when the market collapse for a while knowing that from the experienced the value will bounce back, unless you are not prepared and you are afraid of your investment then the most common practice is sold to avoid more losses.

It's always depends on how investors do their research and educate themselves before investing in this industry.

[Bushdark]

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.

Bitcoin is going to go up even though the market eventually  rawh just like many persons are agitating about what will happen if Bitcoin crash. This would not be the first time Bitcoin would crash since the launch of Bitcoin. The market had been crashed far back and going up back to balance the momentum is needs to gather. I sincerely but more position if this happens so that I can make more money from the market. The price if Bitcoin is down now and those investors that know what they are doing and how to invest are busy buying and holding their Bitcoin.

[Wong Gendheng]

In our lives we must be realistic, before knowing Bitcoin everything goes normally, the presence of Bitcoin gives additional income, if later Bitcoin crash then we must be normal and never disturbed anything, from now on we must always be ready if that happens, technology and development will always be Changed, the Bitcoin system that currently looks good and convincing will be an obsolete thing one day

[jenny56]

The Bitcoin not affect my personal noney. But, it's important to remember that any investment carrias risk, and it important to diversify one's portfolio to having that risk.