bitcoin goes down, no new rich people anymore

[TIDOVEE]

i want to believe there is a regulation behind it, the market value is improving but the token value is not complementing the growth,sincerely for now, i don't think anyone is getting really rich as we have thought it should  be. i still think that status quo is temporary, since we have not experienced another bull run

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[BitBustah]

Most wealthy people haven't even touched crypto yet.  Trust me, there is a ton of room for new investors.  Just look at how much wealth the gold market captures and if bitcoin just capture a fraction of that it will grow to a new all time high.

[Sithara007]

You don't incur any losses until you sell your coins. The main problem with investing in Bitcoin or alts is that everyone expects BTC to make them super-rich overnight. They are not ready to wait. People are ready to wait for 3-4 years to get returns from stocks, they are ready to wait for 5-6 years to get returns from bullion and they are even ready to wait for up to 20 years to get returns from treasury bonds. But waiting for 2 years with crypto-currency seems so hard.

[Siti Nurbaya]

It's time to hold on to the OP thinks that bitcoin is down no new rich people. It's a ridiculous title, but we can see this and a lot of panics. To see this we need time so that bitcoin moves up and can benefit people to add to the coffers of wealth.

[Genamant]

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

where do you get your datas? did you do a survey hahaha your so funny
or maybe you are one of those soar looser
go and study your risk management , and for sure traders are happy with this up and down market

[Horas1976]

A thought that looks superficial, seeing bitcoin go down does not mean that no new rich person is in the stage of adjusting and staying in control of the assets they have. As time goes on, there will definitely be a good chance to continue collecting crypto.

[ausbit]

We are not crazy, we know bitcoin now are going up the value so why did you said that!? Because of the growing value of bitcoin again many people now again become new rich people and those people become richer because they can get more profit because they purchased bitcoin last 2018. You are not become rich for sure because you give wrong informartion to the bitcoin.

I think we really need this cryptocurrency space for both the Smart ones and the ones not smart, how do you think the whales, who I see to be very smart people makes cool money from these crypto space?Because they take money from the ones not smart to enrich themselves, if the market is full of all smart people, then volatility will not be there for people to make money.

Everyone will be very smart to watch each other’s movement, it is not only the whales that are also smart, the smart ones in this industry also exhibit some characteristics that make the wealth of the weak ones to be transferred to them, so we also have the smart less people in this market that is making the market fun.

[stitch101]

Unlike the market trend there are more and more people getting succes through the cryptocurrency trading platform. This can be of luck or through the skills one holds. Trading is the best source to make people rich, maybe it is little complicated but the outcome is good when you have got the mind to learn and make yourself an expert.

Even though i'm still a newbie I am aware on the current situation of the market, and as a newbie I always make some time and effort to learn and enhance my knowledge so I can make wise decision. Just like some other newbies i'm in doubt whether to take the opportunity or not its is a difficult decision because its hard to take some risk when you don't know the possible outcomes of your actions. We can either earn or lose some money, some of you had experience it and I know that its the worst some of you regret your decisions but actually losing is also part of being a trader. It will be your choice if still want to continue despite of the things that happened to you. As of now i'm looking for an exchange and I want a good one, my friend suggested darb exchange which I am not familiar about. I have decided to look for some information about it and it turns out good. It is a good trading platform that help newbies to trade well because of their demo account, it has fast transaction in transferring funds and assets. It can also be a crypto wallet and has high security level, well those are the things that I am looking for on a good exchange but i'm going to look for more details to make sure.

[Xising]

The richest people are richer because they own more bitcoins like the whales accumulate more. As for people going bankrupt, I'm not surprised but it's a reminder for everyone to repeat Bitcoin is not an investment. I guess some need to learn it the hard way.
Now you say the price goes down, yes if we compare to 2018-2019, but it went from $4k to 5,5k the last 6 months so I would say the price is going up instead

Well, if you are talking in the parlance and language of investing in cryptocurrency, then I guess you have a point. Those early adapters and those who are risk-takers in terms of investing in the market are the ones that really capitalized in earning through the cryptocurrency market; however, despite Bitcoin falling down in value, it is not really assured that it would stay down and won't get back up again. One of the characteristics of cryptocurrency, especially Bitcoin, is the fact that it can regain and surge up in value. So, saying that no more people would be rich and gain from it is, in fact, premature as there will always be more chances for it to gain value.

[jak3]

If rich people invest because of price rising then they are stupid. Smart people will wait for the lowest point in the market so when the price drops its an opportunity to earn even more and if you can do a correct analysis of the market then you can even encounter trends which can yield you high profits like 3-5% of your invested money in that coin. Patience is the key while trading.

[shesheboy]

If rich people invest because of price rising then they are stupid.

No they arent.  That is only what you call a strategy   . they are infact smart because they discovered this risky strategy  . once bitcoin price increase or pump , there is a chance that the increase will continue  so why tire yourself waiting for the dip when you can start buying at highs and expecting to earn a quick profits  ?  

seeing bitcoin go down does not mean that no new rich person is in the stage

Right meyt  . rich people are still here and they are still hodling or waiting for the right time to enter and to make a move  .  one example is a bitcoin whale ,  they are rich and they wont leave the bitcoin scene no matter what happens with the price  .

[smyslov]

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

It's like an April 1 fool's day post to me, I'm checking the price of Bitcoin in the market and see what is really happened but this post do not have relevancy in the market movement, everything seems going fine in the market, and there are new people getting richer daily, because of the price upward movement.

[arwani1985]

It's time to hold on to the OP thinks that bitcoin is down no new rich people. It's a ridiculous title, but we can see this and a lot of panics. To see this we need time so that bitcoin moves up and can benefit people to add to the coffers of wealth.

The usual thing in my opinion is that there is a downward trend in bitcoin now and if we look at many people who still benefit from cryptocurrency

[usorin]

omg, almost got heart attack when I saw your thread's title because 1 hour ago price was well. Why did you create this thread? According to coindeks, bitcoin has +1% rise as for now, so why do you discuss about thing that's not happening now? Bitcoin doesn't go down, if it was going in past, that's a whole different subject and similar threads were alrrady opened at times when it was really happening.

You are not the only one with market stress issues. This kind of title can make a man go wild.

[Carreuh]

Maybe not everyone suffered a loss because the price of bitcoin fell a few years ago even now there are those who become rich with bitcoin and other altcoins, in Bitcoin this is not Mulu because the price is expensive, but most importantly how we invest and trade in bitcoin and  This altcoin, if we are a clever person in both of these things, we might not experience any loss at all

[bonker]

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

but it will not be end for cryptocurrency and Bitcoin so we need to wait for sometimes to see the changes definitely from this situation there will be lots of chances available for a good development so no one will be worried about the current situation

[btc_angela]

Maybe not everyone suffered a loss because the price of bitcoin fell a few years ago even now there are those who become rich with bitcoin and other altcoins, in Bitcoin this is not Mulu because the price is expensive, but most importantly how we invest and trade in bitcoin and  This altcoin, if we are a clever person in both of these things, we might not experience any loss at all

How can you say that? Majority of investors are into bitcoin, so it's pretty obvious they have lost a lot since the price went down hard, as much as 80% lost since it's last all time high. Yes, there could be people who also got rich with altcoins. but remember that almost all pairing do rely on bitcoin. So before they can see the price goes up again, they need to look at bitcoin ecosystem first.

[Netnox]

Maybe not everyone suffered a loss because the price of bitcoin fell a few years ago even now there are those who become rich with bitcoin and other altcoins, in Bitcoin this is not Mulu because the price is expensive, but most importantly how we invest and trade in bitcoin and  This altcoin, if we are a clever person in both of these things, we might not experience any loss at all

No losses from altcoins? I am tired of these noobs spreading stupidity in this forum. There are close to 10,000 different alts and tokens in existence right now. Out of that more than 90% are not being traded actively. They are effectively dead and those who had invested money in to them have lost their capital. Of the remaining 10%, the vast majority have suffered losses ranging from 80% to 99% during the past 1-2 years. I can give several examples, such as Deep Onion (-99%), BitSend (-98%) and Gbyte (-98%).

[Idrisu]

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

Are you saying all of us the traders has no rich people among us and we are all poor people?  I don't think so.  Bitcoin is in a bearish conditions an as such the weak hands will continue selling at the wrong time and the strong hands will keep expanding in riches through gain.

[imstillthebest]

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

Are you saying all of us the traders has no rich people among us and we are all poor people?  I don't think so.  Bitcoin is in a bearish conditions an as such the weak hands will continue selling at the wrong time and the strong hands will keep expanding in riches through gain.

He didnt say all but he only said many  .

Bitcoin is in a bearish conditions an as such the weak hands will continue selling at the wrong time and the strong hands will keep expanding in riches through gain.

 Thats true  . only weak handed and emotional people are selling their coins but that does not mean that they are poor or they will become poor after doing it  although some maybe especially if they put all their lifetime money on cryptos  . while other rich individuals wil continue to become more rich because they are patient enough to hodl  .