Post
Topic
Board Speculation
Re: Is it possible to lose all your money invested Bitcoin in 2021?
by
DU18
on 23/06/2021, 11:11:23 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.
I personally lost almost half the estimated money I have in the market today, and to be honest I'm not worried about it, because the volatile nature of crypto certainly makes crypto prices still have the possibility of going up and of course what I feel right now may also be felt by other people.
In here  there are many traders, but of course traders have their own ways of dealing with price declines like now and maybe some even cut losses in anticipation of worse things that could happen, but for me personally, Hold is the step I take in market conditions like now this and I strongly believe the market will improve in the future.