bitcoin goes down, no new rich people anymore

[marcbitcoins]

because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha ​​haahaa

Well, no one will get rich either if the Bitcoin price is very expensive already therefore the price falls will be an opportunity to those who want to become rich as the Bitcoin price is becoming much cheaper to purchase again in which its looks like it was just introduced 10 years ago.

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[Aying]

Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.

You are damn right about this. A little decrease in the value provides haters with the chance to say nonsense about bitcoin and the market. FUD is indeed a normal thing for old investors for sure. If these coins have been able to make it till today, they are the future. Anyone who truly understands the potential of bitcoin and good altcoins, is safe and new comers should follow steps of bitcoin holders.

Old bitcoin holders are the one's who knows the flows of the market. they exactly know on how to multiple your funds in just observing the market and we think that the current situation didn't make a richer one? we are wrong because there are traders that will achieve of being rich because they are wiser and smarter. because they are willing and able to focus and get what they want. with unique ideas and strategies you will aim that richness.

[Naida_BR]

because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha ​​haahaa

Well, no one will get rich either if the Bitcoin price is very expensive already therefore the price falls will be an opportunity to those who want to become rich as the Bitcoin price is becoming much cheaper to purchase again in which its looks like it was just introduced 10 years ago.

Exactly. The price seems to be stabilized and i think that now it is very difficult to grow in value a lot.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.

[Sithara007]

Exactly. The price seems to be stabilized and i think that now it is very difficult to grow in value a lot.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.

One the price stabilizes, it will start the upward journey. Theoretically, the exchange rate of Bitcoin will never be stable, because the USD is a currency that is prone to inflation and BTC is a currency which is protected against inflation. So ideally the exchange rate for BTC should increase with time. Also, another thing to remember here is that the number of new users is increasing at a rate of 80% to 100% per year, while the number of coins is increasing at a rate of <3% per year (and will be even lower next year, thanks to the block reward halving).

[cotton ball]

Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.

You are damn right about this. A little decrease in the value provides haters with the chance to say nonsense about bitcoin and the market. FUD is indeed a normal thing for old investors for sure. If these coins have been able to make it till today, they are the future. Anyone who truly understands the potential of bitcoin and good altcoins, is safe and new comers should follow steps of bitcoin holders.

Old bitcoin holders are the one's who knows the flows of the market. they exactly know on how to multiple your funds in just observing the market and we think that the current situation didn't make a richer one? we are wrong because there are traders that will achieve of being rich because they are wiser and smarter. because they are willing and able to focus and get what they want. with unique ideas and strategies you will aim that richness.

Richest with bitcoin is easy just hold bitcoin for long term about two or three years and re open for your assets raise with higher price, only investing with bitcoin and never use your money for investing with ethereum because too risk when price down, I can give good promise when you invest your money with altcoin.

[Yatsan]

because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha ​​haahaa

Well, no one will get rich either if the Bitcoin price is very expensive already therefore the price falls will be an opportunity to those who want to become rich as the Bitcoin price is becoming much cheaper to purchase again in which its looks like it was just introduced 10 years ago.

Even though the price is dropping, you can still have a profit. Imagine if you sell at the right time before the drop, and buy after it hits rock bottom it will give you a lot of profit. A lot of people see the dump as the end of the world or losing of money, but for me, it's an opportunity for a good trade. The long term investment is still a thing, but what I like more is day trading, dump or pump if you are good and have some luck you can make a ton of money.

[logicgate]

Speaking that no risk is wrong, in history we have cases of several countries that were the total bankruptcy along with its fiat (Venezuela and an example).

 We shall stop this blame game instead focus on adopting technology that has best results for our economy. As per now since every country is in the race of securing important position in world economy, we shall look for means that generate high revenues and are easy to use. Bitcoin and the whole crypto market fulfill these requirements. Even if fiat is doing great in state, still adoption of latest technology is must to stay in race.

[doomloop]

Exactly. The price seems to be stabilized and i think that now it is very difficult to grow in value a lot.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.

One the price stabilizes, it will start the upward journey. Theoretically, the exchange rate of Bitcoin will never be stable, because the USD is a currency that is prone to inflation and BTC is a currency which is protected against inflation. So ideally the exchange rate for BTC should increase with time. Also, another thing to remember here is that the number of new users is increasing at a rate of 80% to 100% per year, while the number of coins is increasing at a rate of <3% per year (and will be even lower next year, thanks to the block reward halving).

Or we can say that the time is far away from present when bitcoin will become stable. stability is also not the demand of present time. We all want bitcoin to be as volatile as it can because that is the only way with which profits can be earned. The number of users were expected to increase from the beginning because the we cannot stop beneficial innovations from getting fame. The future of bitcoin is indeed a bright one.

[Silberman]

In Contrary to you point above, there are people who are still making good money from trading Bitcoin and crypto currency in general if you are not aware. Traders do make profit from both upward trend and a downward trend, expecially those who are good in trading crypto currency.

It seems many people do not know you can make money regardless of the direction the market moves, if you believe the market will go down then it is a good idea to short the market, a good trader does not need the price to go up he only needs the market to move at all, but I must say that shorting the market is a very high risk proposition in which only the most expert traders should engage since we know the tendency this market has to go up very rapidly by no apparent reason.

Going up with no apparent reason, the traders could easily spot out what’s happening may be because someone is manipulating it or too much hype that leads to fear of missing out. It is just a matter of teaching yourself about how to he a good trader by reading and listening especially to those expert trader then learn from actual experiences. You could start at a low capital just to get a grasp of how to trade and how the market moves. You should dedicate your time if you’re going for a short term since the market is very volatile.

Listening to other traders is a waste of time, and this is because it is very easy to find a trader that thinks that the price is going to go up and then he exposes your arguments to you and then you get convinced about his theories but then you take the time to listen to another trader and he'll have very good arguments of why the price should go down, and you'll be very confused about what to do, the only solution to this is to try to figure out by yourself what the market will do without the help of anyone.

[Vishnu.Reang]

Listening to other traders is a waste of time, and this is because it is very easy to find a trader that thinks that the price is going to go up and then he exposes your arguments to you and then you get convinced about his theories but then you take the time to listen to another trader and he'll have very good arguments of why the price should go down, and you'll be very confused about what to do, the only solution to this is to try to figure out by yourself what the market will do without the help of anyone.

It is your money and you are the one who should be making the call. No one has successfully predicted the Bitcoin prices on a consistent basis, ever since the first coins were mined in 2009. Because it is pure speculation. It is very difficult to predict the supply and demand for the future, given the added layer of anonymity that Bitcoin provides to the users.

[cutesgirl]

Bear or Bull market, new millionaires are been created from bitcoin trade and its market. People that do buy heavily invest in bitcoin when the price retracts and sell when it bounces back are making thousands of dollars from the volatility. Friend bitcoin still make people rich than our traditional institutions despite the bearish market.

When bitcoin goes down altcoin allow for going down and not people become rich anymore where bitcoin price still down. Have moment for waiting when bitcoin going up and make all altcoin price will increase to higher price and give chance for investor become rich with their investing in bitcoin or altcoin, we need time when bitcoin and altcoin up to give moment for investor get profit.

[tambok]

Bear or Bull market, new millionaires are been created from bitcoin trade and its market. People that do buy heavily invest in bitcoin when the price retracts and sell when it bounces back are making thousands of dollars from the volatility. Friend bitcoin still make people rich than our traditional institutions despite the bearish market.

When bitcoin goes down altcoin allow for going down and not people become rich anymore where bitcoin price still down. Have moment for waiting when bitcoin going up and make all altcoin price will increase to higher price and give chance for investor become rich with their investing in bitcoin or altcoin, we need time when bitcoin and altcoin up to give moment for investor get profit.

I don't agree that if Bitcoin goes down that there will be no new rich people, let's take into consideration that there are other ways to earn crypto and not just by holding it long term, there's a short trader out there that are taking advantage with buying the dip and selling when it goes up for 2-5%, and they repeating it almost everyday depending on the market, they are watching closely with the price, so imagine how much profit they are getting from it.

[Silberman]

I don't agree that if Bitcoin goes down that there will be no new rich people, let's take into consideration that there are other ways to earn crypto and not just by holding it long term, there's a short trader out there that are taking advantage with buying the dip and selling when it goes up for 2-5%, and they repeating it almost everyday depending on the market, they are watching closely with the price, so imagine how much profit they are getting from it.

Not only that, you can also short the market which is nothing more but a trader saying that he thinks a particular coin is going down in value and earning money in the process, this can be very profitable because as we know it takes a long time to build a bull market and it takes very little time for the price of most coins to crash, if anything this is an even better time for traders since they love the fast profits they can get in a crashing market.

[cotton ball]

I don't agree that if Bitcoin goes down that there will be no new rich people, let's take into consideration that there are other ways to earn crypto and not just by holding it long term, there's a short trader out there that are taking advantage with buying the dip and selling when it goes up for 2-5%, and they repeating it almost everyday depending on the market, they are watching closely with the price, so imagine how much profit they are getting from it.

Not only that, you can also short the market which is nothing more but a trader saying that he thinks a particular coin is going down in value and earning money in the process, this can be very profitable because as we know it takes a long time to build a bull market and it takes very little time for the price of most coins to crash, if anything this is an even better time for traders since they love the fast profits they can get in a crashing market.

Although invest with altcoin we have waiting moment for bitcoin back higher price, I think when bitcoin down no new rich people anymore because altcoin have lower price too, now we need with bitcoin when have higher price and can be on the top for making altcoin back to usually higher too.

[the rise]

I think this will be an opportunity for people who play with margins, even the lowest bitcoin price is the most awaited at this time, it is likely that bitcoin will not fall back below $ 5k, and they will only go long at current prices while suppressing liquidation lowest possible price. If bitcoin touches $ 11 thousand or more, you can imagine how many hundred percent it receives. There are still many ways to get rich, risk management will make you more familiar with the situation.

[cutesgirl]

I think this will be an opportunity for people who play with margins, even the lowest bitcoin price is the most awaited at this time, it is likely that bitcoin will not fall back below $ 5k, and they will only go long at current prices while suppressing liquidation lowest possible price. If bitcoin touches $ 11 thousand or more, you can imagine how many hundred percent it receives. There are still many ways to get rich, risk management will make you more familiar with the situation.

When bitcoin below $5k many people become poor, how many time bitcoin always have lower price but why can't back to higher price again, what problem faced by bitcoin without news banned from many country but bitcoin still down, does bitcoin have public in economic world meeting to make bitcoin can back to higher price again or not.

[Pamadar]

I think this will be an opportunity for people who play with margins, even the lowest bitcoin price is the most awaited at this time, it is likely that bitcoin will not fall back below $ 5k, and they will only go long at current prices while suppressing liquidation lowest possible price. If bitcoin touches $ 11 thousand or more, you can imagine how many hundred percent it receives. There are still many ways to get rich, risk management will make you more familiar with the situation.

When bitcoin below $5k many people become poor, how many time bitcoin always have lower price but why can't back to higher price again, what problem faced by bitcoin without news banned from many country but bitcoin still down, does bitcoin have public in economic world meeting to make bitcoin can back to higher price again or not.

We need to consider those traders who are playing with short term trades, many investors find this venue for quick benefits, imagine if big holders
kept his assets and not being bothered to trade while the demands of bitcoin due to adoptions is ongoing. There's no certainty but the chances that it will bounce is always possible. There's new aspirant and new possible investors they are just studying and waiting for some good opportunities.

[Assface16678]

because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha ​​haahaa

The price of the bitcoin today is not stable because it came from a peak of over 9100 dollars the price falls. Most of us are getting scared and tries to panic selling because they are afraid of the profit and the money they already invest. I think the bitcoin is still stable for now because it is supporting that the people hold their coin and waiting for the price burst up or we called a pump, by the end of the month I hope it will happen because of the new year is coming for the peak season.

[Shasha80]

In my opinion the current price of bitcoin is not exactly down, because the price of bitcoin in May 2019 at $ 4000 is still more lower than
current prices. The current price of bitcoin is still fairly stable, if it drops slightly from the price of $ 9,000 I think still fairly reasonable.
And if because of bitcoin is now down a resulting in many people bankrupt means these people do not follow the rules in investing. One
of them is investing money that we can afford to lose, if you follow that rules I think that investor is not likely to go bankrupt. Regarding
the problem if the price of bitcoin goes down there is no rich person who appears, in my opinion it has a point. But the price of bitcoin prices
go down won't last long, so from it is not necessary for us to worry. Sooner or later the price of bitcoin will rise again and there will be more
new rich people again. So what we need to do when bitcoin prices go down is just be patient and always believe that bitcoin will go towards
prices peak again.

[Driggers95]

In my opinion the current price of bitcoin is not exactly down, because the price of bitcoin in May 2019 at $ 4000 is still more lower than
current prices. The current price of bitcoin is still fairly stable, if it drops slightly from the price of $ 9,000 I think still fairly reasonable.
And if because of bitcoin is now down a resulting in many people bankrupt means these people do not follow the rules in investing. One
of them is investing money that we can afford to lose, if you follow that rules I think that investor is not likely to go bankrupt. Regarding
the problem if the price of bitcoin goes down there is no rich person who appears, in my opinion it has a point. But the price of bitcoin prices
go down won't last long, so from it is not necessary for us to worry. Sooner or later the price of bitcoin will rise again and there will be more
new rich people again. So what we need to do when bitcoin prices go down is just be patient and always believe that bitcoin will go towards
prices peak again.

Indeed, the current decline is only at a relatively low level, it is still not a level that is terrible and cannot return, and even everyone thinks this is necessary, a cumulative period to create more surprises in the end of the year. And one thing is undeniable, when we engage in bitcoin, our wealth is quite dependent on its value but it is only a certain part, if we have accumulated enough depth and know how to make money from a variety of methods under different conditions, Bitcoin's decline cannot stop us from getting rich