Kakashi2020 Posted November 30, 2018 Share Posted November 30, 2018 What if suddenly Bitcoin crashes, what's the first thing you'll do? Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/ Share on other sites More sharing options...
Bravosi Posted November 30, 2018 Share Posted November 30, 2018 1 hour ago, Kakashi2020 said: What if suddenly Bitcoin crashes, what's the first thing you'll do? Well... I suppose it will be too late to ask for refund. Should Bitcoin drop extremely low then I'll buy as much as I can, but if it crashes completely, then it's an entirely different story. Perhaps switch to another cryptocurrency, or just forsake it for good. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-2940 Share on other sites More sharing options...
axl2468 Posted December 1, 2018 Share Posted December 1, 2018 Nothing I could do. I would just wait and see if it rises a bit again, but if it doesn't rise I'll be forced to abandon it. I don't invest most of my money into bitcoin, so it's all fine. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-2989 Share on other sites More sharing options...
Kakashi2020 Posted December 2, 2018 Author Share Posted December 2, 2018 On 11/30/2018 at 7:10 PM, Bravosi said: Well... I suppose it will be too late to ask for refund. Should Bitcoin drop extremely low then I'll buy as much as I can, but if it crashes completely, then it's an entirely different story. Perhaps switch to another cryptocurrency, or just forsake it for good. If Bitcoin crashes then Woe to those who've invested their life savings. While for those like me who just invested a modest amount, it would be charged to experience. Sometimes you win and sometimes you lose that's the truth in investments. But I won't stop investing in other Cryptocurrencies. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3007 Share on other sites More sharing options...
focusedwriter10 Posted December 3, 2018 Share Posted December 3, 2018 On 12/2/2018 at 4:17 AM, Kakashi2020 said: If Bitcoin crashes then Woe to those who've invested their life savings. While for those like me who just invested a modest amount, it would be charged to experience. Sometimes you win and sometimes you lose that's the truth in investments. But I won't stop investing in other Cryptocurrencies. I like this. Two important lessons, you should only invest your extra cash, and secondly, every investment is all about risk. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3080 Share on other sites More sharing options...
Kakashi2020 Posted December 4, 2018 Author Share Posted December 4, 2018 19 hours ago, focusedwriter10 said: I like this. Two important lessons, you should only invest your extra cash, and secondly, every investment is all about risk. No pain no gain right? Every investment that goes wrong is charged to experience. But one thing remains constant the riskier the investment, the bigger the gains and the smaller the risk, the smaller the gains. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3114 Share on other sites More sharing options...
Kakashi2020 Posted December 4, 2018 Author Share Posted December 4, 2018 On 12/1/2018 at 8:38 PM, axl2468 said: Nothing I could do. I would just wait and see if it rises a bit again, but if it doesn't rise I'll be forced to abandon it. I don't invest most of my money into bitcoin, so it's all fine. If it does crashes and if I didn't have the chance to bail out sooner then i'll just ride the wave and wait for it to appreciate again, even if it take years of waiting. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3116 Share on other sites More sharing options...
focusedwriter10 Posted December 4, 2018 Share Posted December 4, 2018 Just now, Kakashi2020 said: No pain no gain right? Every investment that goes wrong is charged to experience. But one thing remains constant the riskier the investment, the bigger the gains and the smaller the risk, the smaller the gains. This is a good one, although at times you might take a bigger risk and make small gains. All in all, risking is a must in any business. That's the only way you learn more about your business investment because you will encounter challenges, which comes with loses and gains. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3117 Share on other sites More sharing options...
Alymae Posted December 5, 2018 Share Posted December 5, 2018 (edited) If it crashes, then so be it. I am not that worried because I didn't invest everything into bitcoin. The problem will be for those people who invested much or all of their money to bitcoin. It would certainly be bad for them. Edited December 5, 2018 by Alymae Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3155 Share on other sites More sharing options...
janie1984 Posted December 5, 2018 Share Posted December 5, 2018 If Bitcoin crashes there won't really be anything to do. Maybe buy some bitcoin just to see if the prices go up again? But in reality if it crashes, it's dead there's no money to be made and anyone who invested in it will be out their investment. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3161 Share on other sites More sharing options...
JPK0007 Posted December 5, 2018 Share Posted December 5, 2018 Well if the Bitcoin crashes drastically in the coming days then it will be a great dissappointment for all Bitcoin investors in the World. However i think that such a thing wont happen in the near future. Eventhough the value of Bitcoin has come down considerably i dont think it will crash down further more. I think that i will invest some money to get Bitcoins if they crash suddenly and then hope for there quick recovery which is bound to happen after a crash. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3169 Share on other sites More sharing options...
Caguioa747 Posted January 4, 2019 Share Posted January 4, 2019 What would I do? my answer is NOTHING. Because I know that once the price of bitcoin crashes it will still go back up and I don't think that the price of bitcoin will never go down to a $1,000. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3761 Share on other sites More sharing options...
Rathiel Posted January 4, 2019 Share Posted January 4, 2019 I haven't invested too much on bitcoin, and what I did earned me a fair amount of money already. My holdings had been minimal when the prices crashed down to around the value of $3000, and I've mostly divested myself of cryptocurrency at the moment. There's just too much risk. I don't put money I can't bear to lose into investments, even if I can still earn it back. I've kept a fair amount of money into bitcoin, probably around a month's salary worth, at the moment. If price crashes, then I'll take it as a lesson learned. If it goes up, then it's a good investment. Risk is part of any investment plan. No use crying over spilled milk if it goes awry. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3831 Share on other sites More sharing options...
Alania Posted January 4, 2019 Share Posted January 4, 2019 I didn't invest much at Bitcoin, around $1000 worth, but still, would be ashame. It's 1/5 of my yearly savings. Bitcoin won't crash though, it's the best cryptocurrency out there. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-3834 Share on other sites More sharing options...
axel Posted January 12, 2021 Share Posted January 12, 2021 Bitcoin is quite precarious, one minute it's value is high then the value goes down in one minute, so it's quite fluctuating. So if it crashes, then I wouldn't be surprised, but I would not sell my funds, but instead wait for the value to rise again. Quote Link to comment https://slingbank.com/forums/topic/1770-what-would-you-do-if-bitcoin-crashes/#findComment-12576 Share on other sites More sharing options...
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