Quote from: Rockstarguy on Today at 05:05:38 PM

Quote from: uche6215 on February 16, 2023, 09:49:30 PM

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.