many investors fall poor because bitcoin prices are down

[PedroSuketteki]

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins

[musharaf]

it is true that with this down prices many people suffer and if some one not says it can not be hide from any one and investors came for a reason if they are not satisfied they sold their investment and they go for other opportunities in the past few months they are very disappointed and they know that the potential of growth is stopped they want to sell if they faces losses they are still ready.

[sorrysteve1]

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins

All altcoins follow bitcoin in general. That's because the whole market is still so dependent on it. I wouldn't say that maybe people have become poor because of BTC. If they were irresponsible enough to invest all their money in to something then they were going to become poor either way, if bitcoin didn't get them something else would. They became poor because of their own actions.

[jointherevolution]

Investors should not depend upon crypto prices. The best to do for your income is try to have multiple sources of it. And if you want income from investment only, it is fine, but you should invest in other not crypto stuff too. To make sure that in case a very long bear market happens like this is turning out, you will not care for the loss and can wait it out.

[thankyoulord]

bitcoin indeed affects the price of all other alt coins, that is why whenever bitcoin price goes down, the price of other alt coins goes down. It is a pity so many investors have lost so much this period, some ended up being poor as they sold all they had to invest in bitcoin and other altcoins whose value has reduced greatly but then, better days are ahead.

[playboy654]

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins

The price of every coins just based on their demand so bitcoin have nothing to do with the altcoins prices but when people investing on bitcoin then more people will come to increase on altcois as well so simple logic behind it and yes bitcoin indirectly affect altcoins prices.

[twa]

I feel poor with crypto currency if it happens because of lack of patience and confidence I think you might be careless

[KingScorpio]

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins

bitcoins influence on altcoin value is diminishing

[aoluain]

Well you only loose if you sell at a loss, obvious statement i know but so
many people are bound to have lost big time out of fear and not being
knowledgeable about crypto trends.

There was a lit of fear being spread to make weak holders sell, and they
did, hopefully they have learned that bitcoin isnt dead or isnt going to $1000

[adzino]

Well, they knew about the risks before joining I assume. Investing on crypto currencies comes along with high risks. They were willing to take the risks to make those handsome profits. Now it is totally useless to regret over those losses.
And yes, the price of bitcoin does affect the price of altcoins. When we see the price of bitcoin falling, we will see most of the altcoin dropping sharply. The same is true when the price rises. But in this case, the price of altcoin rises slowly compared to bitcoin.

[mu_enrico]

1. The word "investors" lately become so low that any unemployed or uneducated person who bought cryptocurrency can use that name. Investors should not be poor for their investment failure since they usually had many profitable businesses.

2. Bitcoin affects the price of all altcoins since it uses bitcoin for the medium of trade (i.e., BTC/ALTCOIN pair).

[qualitywork]

I agree a lot of investors have suffered with massive losses which was never expected, the hope for the investors everytime comes only in the last quarter but BTC failed this time which was a big disappointment however things will settle down quickly and I hope the market will turn hot again.

[anodyne]

No doubt, about that. That would happen for a lots of investors because of the downfall of the Bitcoin price in the crypto market. Even simple crypto people like us that keep on holding Bitcoin make a huge loss in our liabilities.

[Twentyonepaylots]

No doubt, about that. That would happen for a lots of investors because of the downfall of the Bitcoin price in the crypto market. Even simple crypto people like us that keep on holding Bitcoin make a huge loss in our liabilities.

 One should note that Investment need  a lot of learning, it is a process which everybody must know. The in's and out of Crypto Market, Market stricture, fundamental and the stability. With all of this indicators known to an investors, he can develop to have a market strategy before the final investment. YES, a lot of Bitcoin investors loses huge amount because of the down turn on the market...but should not be the case if your protect your investment, have time to monitor the market then make a quick decision if you see signs of weak market...Know the process.

[krishnaverma]

This has happened with the new investors.  Investors who invested at the end of 2017 are at huge losses because they are the ones who invested at highest prices.  Old investors are already in profit as they sold when prices we're at their peaks.

[BitcoinHunt3r]

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins

I don't think if investors will be poor because of crypto. Because naturally investor must be ready to any condition of their investment. If someone loss and regret about their investment, i think he should study more.

[kamudd]

Sometimes they are not interconnected but when the price of bitcoin starts to fall there will be panic in the market so many investors also sell their altcoins.

[Moxivuki]

The fall in bitcoin prices has affected the entire market, with investors and hunters suffering varying degrees of damage. What I am worried about is that this decline will last for a long time.

[passwordnow]

That's very true that bitcoin price do affect altcoin prices. Why you didn't noticed that even before?

There's a sure thing that bitcoin is the major mover of the price of the market and if its because of bitcoin these alts will not move. If the price moving upwards, these alts will also do the same thing.

[MetalGear]

It doesn't mean that when the price of bitcoin is falling you will become poor. I think you will become with bitcoin if the price become 0 or become bubble. On the other hand, the price of bitcoin rise soon so to all people who have bitcoin that you can become rich.