Post
Topic
Board Economics
Re: What will you do if bitcoin crash?
by
Fortify
on 28/03/2023, 20:50:34 UTC
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?

Bitcoin has spent the last 10+ years going through different size boom and bust cycles, it's still undecided where it's correct value lies. It does seem to be somewhat connected with the success of the wider global economy and when money is cheap it can flow into these more extreme assets looking for a return. If you want stability then you should look for a diversified portfolio as it is the only way to avoid the very worst of the excesses, however you may not get rich quickly. One thing to consider is that the higher bitcoin goes, the market cap grows exponentially and that makes it much harder to push higher, at it's peak of around $60k it had a market cap of around $2 trillion so for Bitcoin to reach $120k that brings the value of all bitcoin to $4 trillion, absolutely huge numbers.