Post
Topic
Board Speculation
Re: Is it possible to lose all your money invested Bitcoin in 2021?
by
New.in.trading
on 23/06/2021, 11:23:24 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 dont think you would loose all your money, but the question is: Can you sit out an 90% correction? Because I think more and more, this is whats coming up next, in BTCUSD. Look at all the prev ATHs, and then look what happened the next 6-18 months... HODL to death for some ppl. and once pain becomes to strong, they sell their BTC what makes price drop even more... We shall see. I would not like a 90% correction, but I think its quite likely we will see that again... Remember 2018?