Will individuals assume “I have to dump my bitcoin as a result of I want that cash proper now” and trigger BTC to crash additional?
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Only a thought that crossed my thoughts.
Will individuals assume “I have to dump my bitcoin as a result of I want that cash proper now” and trigger BTC to crash additional?
​
Only a thought that crossed my thoughts.
The price of Bitcoin is not important
Not me. I just picked up a night shift to pay off debt and keep my head above water. Selling investments at a loss is more costly than working a bit harder and losing some sleep.
if the economy crashes that means your currency is worth zero. why would you sell bitcoin for worthless paper?
Yes, some people will. Price will go much lower. This will be a test for bitcoin.
I kicked myself for years for never buying BTC when I could have bought it for less than $500.
These prices have [me](https://giphy.com/gifs/kanye-west-sunday-service-keyboard-2UtegbQgkGyQOjMSko)
Has the thought that Bitcoin IS money crossed your mind?
Maybe in the western world. But developing countries with volatile currencies and access to cheap power will see the value proposition, which will speed adoption globally. However small they may be, the more central banks that start to lose their grip on fiat currencies, the better.
If that happens just think of it as more of an opportunity to stack
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Stay on a job, put aside a portion to DCA, life goes on.
Maybe for some people. With investing you should only use money you don’t need so you don’t have to sell unless you want to. So even if it crashes, as long as you don’t need to sell, you won’t have a loss.
Of course it’s going to get worse. Imagine the Great Depression, just worse. That’s what we have to ‘look forward to’.