Post
Topic
Board Nigeria (Naija)
Re: imagine say Bitcoin crash what nest?
by
Hewlet
on 07/03/2024, 04:19:48 UTC
we all know that Bitcoin is so broad that coming to crash is so minimal, but the big question is  what if it crash?

it is so obvious that majority of the world is totally dependable on Bitcoin.
but I think that in anything we do we should try as much as having a plan b, there is nothing wrong if we invest in other business as plan b.
for example I have seen most men who are international staffs in an oil companies taking a huge amount of money at every end of the month not knowing that nothing last forever more especially money.
so am on the opinion that every Bitcoin miner should have a plan b of investing in other business to avoid the story that touch.

bitcoin can't crash, it's possible that the value can drop at some point which is even good for those coming into the market but thinking about the possibility of Bitcoin crashing is not close to any reality at the moment.

But then, it's also good not to put all our eggs in one basket or to overly rely on one sector while working or investing for our future and I totally agree with you on that but trying to create a back up of investment options shouldn't push you to investing into unprofitable things that will end up scattering all your hard earned money into the air. If you've seen a good and reliable asset to invest in, it's best to concentrate there rather than trying everything that looks like an opportunity out.