bitcoin goes down, no new rich people anymore

[Japinat]

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

I think the rich people are still here and they are all still investing on the top coins right now because of the price being low at the moment. They're only waiting for the right time to sell for huge profits.

Rich people can also be short term investors, they can move the price the way they want if they can manipulate the market.
Actually, I want real adoption, rich people or the whales makes this market hard to progress as they will play the pump and dump.
If the time will come that more investors will come and use crypto, the control will not be the rich people anymore but on the volume of small investors.

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[Afnan_faizah]

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

I hope those who suffer financial losses in cryptocurrency investment will get their money back. Yes, it is dangerous to buy bitcoin when the price is pumping too much. We should analyze the price chart first before we buy bitcoin. A cryptocurrency expert said that when bitcoin price pump the next thing that will be happen is panic selling then pump again. I sell bitcoin when the price start to fall because the price will continue to fall and I will buy when the price start to rise. This is about the right strategy.

[shoreno]

people can be rich with or without bitcoin/cryptos  . there are also rich people because of cryptos and i think thier profit is already converted to cash so whatever happens on the price of bitcoin /cryptos those rich people will stil remain rich  because thier money is already safe from the risk of the volatile market of bitcoin/cryptos  .

[nak02]

Wise and rich people are calm and they have strategy to gained again some money in crypto. You don't know that they already know what would be the next step to gain easily, and people who are rushing things will be suffer big and giving up.

[creeps]

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

I'm I reading this one correctly? I don't know why but bitcoin are still on a good price now and still making new rich people. Rich will not announce it anyway so don't expect to hear a rich people saying he earns a lot. People got bankrupt because of mismanage money, they don't suffer for big loss because of bitcoin. This thread will not make panic for sure,  try to do better because as we can see in the market bitcoin are still pumping.

[andriarto]

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

I'm I reading this one correctly? I don't know why but bitcoin are still on a good price now and still making new rich people. Rich will not announce it anyway so don't expect to hear a rich people saying he earns a lot. People got bankrupt because of mismanage money, they don't suffer for big loss because of bitcoin. This thread will not make panic for sure,  try to do better because as we can see in the market bitcoin are still pumping.

on the other hand there are still many people who make a lot of money from trading bitcoin, using high fluctuations. but right now I also see that bitcoin is approaching $ 6000, and this is a good development in my opinion, so there is nothing to worry about, people doing business certainly have risks, and that is normal

[fasdorcas]

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

Do you think we still need rich people in this community ?
Because I really don't think so. Talk about these rich people,  what good do they bring to this community ?

To be sincere, it's quite nothing. All they do is come to fill in their pockets and get richer. They come and they invest billions of dollars and cause the market price to run up and when it reaches their target profit,  they will withdraw their money and the market will fall again. They have gotten and made a lot of us here to lose our money,  and of course,  the lucky ones do gain from the bubble. But, these rich guys are only making themselves more rich and they don't care about this community.

[newgal2017]

Those people are the one that are new to investment and doesn't know how the market works to tell you the truth even if the price of the bitcoin or any cryptocurrency drops we can still earn from it, the market is not just full bullish and full bearish we know that there's a swing from it while the dumping there are many times that it would go up right? and from that we can earn, I don't know technically if my answer is correct but I think the correct term of that kind of trading is Swing trading or day trading.

[okala]

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

AFAIK this theory only applies to holdlers who are waiting for the price to grow their money while it's seated in the bank!

On the contrary Traders out there can make money and become rich from either bitcoins upward or downward price movement.

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That is the fact we have two set of people in cryptocurrency those that hold bitcoin and expecting the proto rise before they sale and those that are the real users those traders that make profit from the price volatility. This set of traders are busy making huge profits while the market keep growing.

[Faxmate]

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

I think the rich people are still here and they are all still investing on the top coins right now because of the price being low at the moment. They're only waiting for the right time to sell for huge profits.

Yeah no doubt there are so many rich people who are buying and investing without any problem of market condition, we simply have to buy even if the price of bitcoin goes down because bitcoin has allot of profit for us we always have a chance to become rich even if the price is down, as where there is bitcoin there is hope to become rich.

[LeGaulois]

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

Do you think we still need rich people in this community ?
Because I really don't think so. Talk about these rich people,  what good do they bring to this community ?

To be sincere, it's quite nothing. All they do is come to fill in their pockets and get richer. They come and they invest billions of dollars and cause the market price to run up and when it reaches their target profit,  they will withdraw their money and the market will fall again. They have gotten and made a lot of us here to lose our money,  and of course,  the lucky ones do gain from the bubble. But, these rich guys are only making themselves more rich and they don't care about this community.

Rich people hold and speculate, they don't use Bitcoin. And whatever you say, we do the same when we trade BTC for x,y,z we're only doing it for a profit. Yes, they do it with millions, I can't blame people for being millionaire, I would do probably the same. You are not rich if you don't convert it to fiats or for another asset.

[Findingnemo]

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

If you choose bitcoin to become rich then you are not going to reach your goal in very short terms,it take decades to be one of the millionaires.

But the price decline you are talking about didn't take too long now the price increase is in the process.

[akram143]

The chances of creating the new people who are rich in the future is available because they are the value Trump will helpful for the people to put investment and made their future to be brighter that is the thing that happened today situation

[GregH37]

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

funny that you made this comment and after 2 days the price increased to  $5800. about your comment, all people when they decide to buy cryptos should be aware that the price may drop a lot. This should not be a surprise to anyone. just think:

If something goes up from $ 1000 to $ 20,000 in a year, then that same thing can drop from $20,000 to $1000 in a year.

I think getting rich from cryptocurrency was not achieved with a short time and then said that no one is rich just because prices fall. while many people take advantage of this moment to buy, so that they could get rich at other times, and we know the current price going up and maybe some people can get rich with it?

For the fact that the value of the currency dropped from where it used to be doesn’t mean that it has made those who invested in it poor, many people usually confused Holding to Leverage in trading.

It is only leveraging that I know that when the market is going against one, and one cannot take it any longer, they stop the trade and whatever point they stop the trade, there will be a loss and no matter how green the market becomes again, they might never recover such losses again, but this is not the case of HOLDING, no matter how dip the value might have gone, it will sure recover their investment back when the market picks up again.

[whiteblue]

The chances of creating the new people who are rich in the future is available because they are the value Trump will helpful for the people to put investment and made their future to be brighter that is the thing that happened today situation

I think in the future no one will know how the world economy is, it is possible that before touching the future all rich people have other choices besides bitcoin, they might consider bitcoin not too good anymore, but from the total supply of bitcoin I am very sure bitcoin can do price increases.

[hawkins]

The chances of creating the new people who are rich in the future is available because they are the value Trump will helpful for the people to put investment and made their future to be brighter that is the thing that happened today situation

I think in the future no one will know how the world economy is, it is possible that before touching the future all rich people have other choices besides bitcoin, they might consider bitcoin not too good anymore, but from the total supply of bitcoin I am very sure bitcoin can do price increases.

I think there are some people who use this to get profits. well, that is a natural thing. we cannot say that when the price of bitcoin goes down, all users will lose. I think that this can be used as a time to collect assets for those who like to use the bear market.

[Betwrong]

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

Do you think we still need rich people in this community ?
Because I really don't think so. Talk about these rich people,  what good do they bring to this community ?

To be sincere, it's quite nothing. All they do is come to fill in their pockets and get richer. They come and they invest billions of dollars and cause the market price to run up and when it reaches their target profit,  they will withdraw their money and the market will fall again. They have gotten and made a lot of us here to lose our money,  and of course,  the lucky ones do gain from the bubble. But, these rich guys are only making themselves more rich and they don't care about this community.

I think they shouldn't. Bitcoin is not something so weak that it won't survive without caring of some rich people or whoever. Can you imagine Apple Inc. counting on support of a group of people? Bitcoin is way better. It will thrive regardless of this or that group of people intentions and actions. It is those groups who will suffer from not adopting Bitcoin in the end, not Bitcoin itself. To me Bitcoin is like the Internet. There are still groups of people that restrain themselves from using the Internet, but it is them who are suffering from that, not the Internet.

[bitbunnny]

That depends on defintion of being rich that might vary from person to person. But to my opinion rich people are only early Bitcoin adopters who kept their coins long enough.
Anyway, if you set your goal to get rich with Bitcoin this is kind of utopia from my point of view. You might get decent profit if you stay involved in Bitcoin long enough but be also prepared for occasional losses. I think that big majority who expects great deal of money ends disappointed.

[PedroSuketteki]

I understand your intention why you posted this and that is to make fun of the holders and investors of bitcoin mostly those who have lost a lot because of investing at the wrong time. First, you're wrong that the price of bitcoin dropped, you are still sticked to the prices of all time high and if you have seen the price few months ago, it was $3k-ish and that's the low. No new rich people arrived? means that no big whales? come on, if there's a whale that will invest, do you think that it will be announced? Make fun of investors and holders but I don't know what you'll say when the market rises suddenly.

Im sorry that just my opinion...😊😊

[Pattart]

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

I think the rich people are still here and they are all still investing on the top coins right now because of the price being low at the moment. They're only waiting for the right time to sell for huge profits.

Yeah no doubt there are so many rich people who are buying and investing without any problem of market condition, we simply have to buy even if the price of bitcoin goes down because bitcoin has allot of profit for us we always have a chance to become rich even if the price is down, as where there is bitcoin there is hope to become rich.

crypto-rich people mean that they have skills and experience in the crypto market, if the price falls they will certainly know that and avoid it so that they are not affected. not everyone will go bankrupt when prices fall, only people know when to quit and in, those who will survive.