bitcoin goes down, no new rich people anymore

[dat.ho12492]

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 there are still some people who become wealthy even though bitcoin have been in this situation because Bitcoin is not the only way where they get their money but in various ways such as Forex trading and investment. Besides, bitcoin is not falling right now as a matter of fact it is now rising up.

Of course, agreeing that the number of people who will become rich is not as high as when bitcoin goes up, but the new wealthy still appears, the rate may not be too high because when bitcoin comes down, people are unlikely to achieve the most optimal profit. However, as you say, some people do not rely on bitcoin's value, they rely on altcoin, they use altcoin as a tool, and trading becomes a path to wealth when bitcoin comes down

[1714568490]

1714568490

[1714568490]

1714568490

[1714568490]

1714568490

[Barbut]

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.

Funny topic generally, so funny that its not even trolling, its comedy. If price was $0 and after sometime price goes to $1,000 who ever picked it up when it was 0 is a rich man, as price goes higher, person gets richer. I think some of this newbies are just eager to be rich, price is not doing them a favor and they flame everywhere around. Its not the first time, for sure its not the last.

[hahay]

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

There are bearish market periods and bullish markets, such things are common in an active market. When they have a good view of every movement that occurs in a market, they still have the opportunity to become rich as they dreamed of. But for people who are pessimistic like you, whatever happens then you will not have a good chance for your life, which only expects to be suddenly rich without a good struggle before.

[el kaka22]

I think if we focus on the "ha ha" part of OP it is clear that the intentions are people who got rich thanks to bitcoin are still a target for people who have not become super rich thanks to bitcoin.

There are people out there who envy people who made it big thanks to bitcoin and they want to see them go down and lose all their money, why would someone be rich when you can't be rich, that is their thought. That is why anytime bitcoin goes down we see these kinds of people who come up and say "what you feel now! ha ha" but this one just reacted a bit on a bad time since bitcoin is on a decent bull run for the past month.

If he did that during January when bitcoin hit as low as 3400 or so from 20 thousand dollars of previous year than he would have been at the right moment but today we are on a big run so its not the proper time to do this.

[popolite11]

we do not know whether there will be new rich people or not when the price of bitcoin decreases, but for those who can take advantage of those moments, I think it can make him rich. well, we don't know that, because people who profit from this won't show it off

People can become rich without Bitcoin. Simply, with the help of cryptocurrencies, they can do it faster. Additionally, I am sure that BTC is going to grow faster now - and this is the positive news.

[rijaljun]

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 curious what was you smoking? Bitcoin was just a little bit dumped because of FUD and investors didn't really care about that. Now Bitcoin is flying slowly. I think no one has lost their money, but gained profit instead!

[1Referee]

If he did that during January when bitcoin hit as low as 3400 or so from 20 thousand dollars of previous year than he would have been at the right moment but today we are on a big run so its not the proper time to do this.

He assumes that people can only make money when the price is going up. That might apply to noobs, but most well thinking traders know how to utilize downtrends and make money in the process. There are enough platforms where you can short the price of most top tier coins, so there is no excuse to not make money during crashes.

People like OP are usually those who rekt themselves, then hope that others rekt themselves too. It's like 'if I don't make profit, you shouldn't too'. Silly.

[Sum24]

we do not know whether there will be new rich people or not when the price of bitcoin decreases, but for those who can take advantage of those moments, I think it can make him rich. well, we don't know that, because people who profit from this won't show it off

I took that advantage of low price I bought some coins at low price now I am happy for holding all my coins because in my neighborhood some people are now suffering because of selling at low price as they were greedy to become rich faster, I am holding with patience because I know price is down selling does not suits me at the moment.

[Kiweikoo]

as long as I observe at this time, bitcoin has entered a resistant area, and if this area breaks down, there will be many new rich people once again. therefore we wait for the results after this, hopefully the resistance area will break and cause an uptrend

As it has always been,  there's going to be a bull run anytime from now. We just don't know when it's going to be,  but whenever these whales starts to buy ,the price of bitcoin and altcoins will as well start to increase. Only these smaller altcoins are going to suffer, cause lots of people are going to dump their altcoins to buy bitcoin and other top coins like litecoin, eth, ripple and the rest of them (the top ten) and that will make smaller altcoins to drop in price and suffers it most. Some of them will even seize to exist.

[guoyu78]

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

OP was posted on may 01 and from then until now we already saw some growth. It is not always necessary for rich peoples to get into cryptocurrencies to make the price go up but even daily huge volume trades can make the price for bitcoins go up.

There are a lot of FUDers like OP who are always on the negative side but instead why don't you change your mind and think something positive and calmly invest into most of the top coins? The number of peoples who had profits is greater than the number of peoples who had loss. Facing loss into cryptocurrencies is always because of our false knowledge and good knowledge can always give us immense profits.

[Hypnosis00]

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

OP was posted on may 01 and from then until now we already saw some growth. It is not always necessary for rich peoples to get into cryptocurrencies to make the price go up but even daily huge volume trades can make the price for bitcoins go up.

There are a lot of FUDers like OP who are always on the negative side but instead why don't you change your mind and think something positive and calmly invest into most of the top coins? The number of peoples who had profits is greater than the number of peoples who had loss. Facing loss into cryptocurrencies is always because of our false knowledge and good knowledge can always give us immense profits.

I believe also that he is one of the FUDers in here and it for sure nothing right with him/OP.
I don't know what is his basis why he says that the market is down, in fact, we are experiencing huge growth since the day of this post. He already shows his true colors and to know that he is not in favor of crypto existence.

[goaldigger]

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

Theres no millionaire for this time because we cant deny that the price is still cheap. Wait until the moon will come again and let us laugh at you with our lamborghini. Theres no rich people who got rich with just a snap. All things made by hard work.

[Vishnu.Reang]

Bitcoin made a lot many millionaires in 2013, when the prices went up by 120x, from $10 per coin to around $1,200 per coin. The same was repeated on a smaller scale in 2017, when the prices went up from $900 per coin to $20,000 per coin. If you compare the two bull runs, it can be seen that the percentage rise is getting lower. So I expect the next bull run to be more mild when compared to the previous ones.

[FlightyPouch]

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

Theres no millionaire for this time because we cant deny that the price is still cheap. Wait until the moon will come again and let us laugh at you with our lamborghini. Theres no rich people who got rich with just a snap. All things made by hard work.

We don't need millionaires here since there is a lot of them hiding and we don't even know that our friends are one of them,that is because they are not that stupid to only rely on Bitcoin, obviously they have a lot of other assets, other investments and if Bitcoin fell, there are other investments they can focus on at that time. They are suffering losses but always remember, they are still a millionaire. Don't mind the OP, he didn't know this for sure. I think he just invested on Bitcoin and brag about it to his friends and when it fell, his friends laugh at him that is why he's like that.

[BeGoods]

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?

[Osarman]

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 there are still some people who become wealthy even though bitcoin have been in this situation because Bitcoin is not the only way where they get their money but in various ways such as Forex trading and investment. Besides, bitcoin is not falling right now as a matter of fact it is now rising up.

Of course, agreeing that the number of people who will become rich is not as high as when bitcoin goes up, but the new wealthy still appears, the rate may not be too high because when bitcoin comes down, people are unlikely to achieve the most optimal profit. However, as you say, some people do not rely on bitcoin's value, they rely on altcoin, they use altcoin as a tool, and trading becomes a path to wealth when bitcoin comes down

I don't really agree that the number of peoples who have turned rich is not high in the bull markets. There are a lot of peoples who are waiting for bitcoins or any other altcoin to reach the dip so that they can fastly fill their profits and sell at the peak. It always isn't that easy task but the ones who are able to do so are the one's who have already turned billionaires.

The margins to become rich are always much higher in cryptocurrencies rather than any other investment field as even there is the absence of taxation in the decentralized markets so we don't need to pay anything from our earnings to the government. Altcoins have also proven to be a major way to have profits by trading with them for short as well as long term.

[StarofBTC]

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 don't know if this is a post of sarcasm but all I know is that these people that is rich is not that stupid to stop and only rely on Bitcoin and other crypto currencies. It is obvious that they also have a lot of other investments and that is not only Bitcoin. If you will be asking me, they may suffer a loss this time but I know they are taking this opportunity to buy again since the price now is getting higher and higher.

Probably he thinks people who are investing in bitcoin are newbies, everyone has been in the system, they have learnt a lot from the past and would not just jump into investment without getting a clear signal, they all know that bitcoin price will always go up and down, but the confidence in Bitcoin is higher than any other investment, because bitcoin has never remain stagnant for too long.

I was in a bank today and I over head the banker’s conversation with a customer, asking if he has opened a particular product of the bank, the man flared up and said he is even planning to close down his account because the share he bought with them since 1986 has yet grown or him being able to even have access to it, that I almost 30 years man, has bitcoin ever delayed even more than 5 years in rewarding its holder?

[Gaff]

Bitcoin made a lot many millionaires in 2013, when the prices went up by 120x, from $10 per coin to around $1,200 per coin. The same was repeated on a smaller scale in 2017, when the prices went up from $900 per coin to $20,000 per coin. If you compare the two bull runs, it can be seen that the percentage rise is getting lower. So I expect the next bull run to be more mild when compared to the previous ones.

Indeed, we might not see bull run just like before but still I am preserving that trust towards Bitcoin as we all headed for the great journey. The price might stay unpredictable as it develop a much reliable momentum prior getting larger scope of demand in the next months to go. Don't lose hope, and instead of selling you old asset just hold and wait until what tommorow brings.

[Bezobraznike]

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

   You sound like all of those people from national TV news who always make fast conclusions after every price's move.
Bitcoin didn't drop. It's just the correction of the price after constant growth during of last few days.
   If you call yourself as a bitcoiner you should learn such stuff. But that fact that you are a newbie excuses you.

[Indamuck]

IF you already rich whats the point of taking on all the additional risk that crypto provides.  If I was a billionaire I would keep my money in solid investments like property and companies.  Going for really high risk investments is more for poor people since they don't have much to lose.