Post
Topic
Board Speculation
Re: Is it possible to lose all your money invested Bitcoin in 2021?
by
cryptomaniac_xxx
on 23/06/2021, 06:11:02 UTC
Its not likely to possible to lose all your money invested in bitcoin 2021 because its not possible to destroy bitcoin. The price of Bitcoin can ups or down its entirely depend on people attitude means how positively people accept or reject bitcoin. Also there are some economical term related to price movement that is supply and demand. Actually total supply of bitcoin is fixed at 21 million so if demand increase then price of bitcoin automatically grow. One the other hand bitcoin is more volatile but if nobody wants to accept Bitcoins as a payment any more then it will be worthless and possible to destroy. But this is not likely to happen in the case of Bitcoin because already lots of payment method is available for accepting bitcoin. So what is your opinion regarding this topic let us learn your valuable information.
Well if you choose to panic because the price is going down and you sell everything you have then literally you have lose all your money right? But the question is do you really need to dump everything just because the market is worsening? Or you can just keep calm and wait for the market to settle down. We still have like six months before the end of the year, so a lot of wiggle room for the market to improve. I'll be optimistic that in the last quarter, we might see a good bounce back and hit another all-time-high.