bitcoin goes down, no new rich people anymore

[Cosbycoin]

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 can see you're really confused. How exactly has Bitcoin gone down in price please? Are you sure you're not drunk, because I'm very sure that Bitcoin has been going up since April, which everyone is sure of?. Today the price has gotten to $6000 and it doesn't seem like it is stopping there,cause it is still moving upwards.

Next target after this $6000 is $7000, which is likely to happen in the next two months. Bitcoin us doing fine and nobody is going bankrupt, The only time people are going to have a big problem is after this bull run, cause there is going to be a heavy fall.

[1713502563]

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[1713502563]

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[Google+]

You don’t understand crypto at all. You only know how to write such pessimistic news. As a crypto user, I'm not upset that bitcoin is falling or rising. I always use crypto, and not chasing speculation.

I think you use cryptocurrency as a long term means you use this method to save and wait until the price of bitcoin can be very expensive so you can get a lot of profit when the price of bitcoin goes up and it's a very smart choice.

[EMS_REP]

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

lol people go bankrupt because of there own mistakes not because of bitcoin price.crypto is all about patience if you don't have then you will suffer losses for sure.

[serjent05]

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

lol people go bankrupt because of there own mistakes not because of bitcoin price.crypto is all about patience if you don't have then you will suffer losses for sure.

Indeed, they are those who never do their research before jumping to cryptocurrency.  Most people that went bankrupt bought the hype and panic sell at a lost when Bitcoin crashed.  And if they happen to buy Bitcoin last year, it will take years to turn those investment to huge profit.  All they need to do is hodl until Bitcoin is worth $100k or more.  I am sure we can still see new rich people because they invest in bitcoin in the years to come but not today.

[Tervelatuk]

You don’t understand crypto at all. You only know how to write such pessimistic news. As a crypto user, I'm not upset that bitcoin is falling or rising. I always use crypto, and not chasing speculation.

I think you use cryptocurrency as a long term means you use this method to save and wait until the price of bitcoin can be very expensive so you can get a lot of profit when the price of bitcoin goes up and it's a very smart choice.

if use bitcoin as speculation asset to be rich , this is not correct at all.don't ever thinking if we buy and hold bitcoin we will automaticly be rich man.this is wrong opinion that already set in investor mindset.

[Wayan_Pedjeng]

Bitcoin has already created its share of rich people. During the 2013 bull run, a lot of the early adopters became filthy rich, as the exchange rates rose from $0.10 to $1,200. Now events such as this one occurs once in a blue moon, and we can't expect it to repeat again and again. My opinion is that even if you make an investment in BTC right now, you will be able to get good returns. But don't expect the sort of returns that we had back in 2013 and 2017.

I still believe that bitcoin will continue to create rich people but not in a blink of an eye. Of course with hardworks and patience in bitcoin, it will surely pays off in the end. Even if bitcoin price is not that high anymore like what we have experienced at the end of 2017 but we can also say that today's market price is starting to recover and its now growing already.

My point was that we can no longer expect 100x or 500x returns from Bitcoin. BTC is already having a market cap in excess of $100 billion. So obviously there is a certain threshold, up to which it can increase. Don't ask me to quantify this threshold, but I can assure that we may not get the kind of returns that we had in 2013 and 2017.

[Lumi3004]

That is what is called investment, does not escape the risk that has never been unexpected,
This is the same as bitcoin investment which all know analysis, graphs can change every time in minutes.
But this is not always like this, I'm sure in the coming year there will be a lot of rich people because of bitcoin.

[Sum24]

Even if bitcoin will drop the price so much its that mean o new people rich about that. Actually whenever the bitcoin drop the price or not many rich people going to invest on it. It is normal on when the bitcoin drop the price and not all the time bitcoin are always increase the prices of it.

bitcoin is not tool to make us rich instantly.much people thinking if they buy and hold bitcoin they will be rich man after that.wrong perception now in people thinking about bitcoin.this is just as investment portofolio that will give us return .and if we could be rich man it just bonus for us.

Yes it is not possible to become rich at once not only in crypto currency but all around the world we really need to work hard and wait for our luck to shine, I know bitcoin has little low price now a day but don’t be worry just invest when price is down and hold until the price rises once again, so volatility of crypto currency will give us chances to become rich always this process will never end.

[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

I can see you're really confused. How exactly has Bitcoin gone down in price please? Are you sure you're not drunk, because I'm very sure that Bitcoin has been going up since April, which everyone is sure of?. Today the price has gotten to $6000 and it doesn't seem like it is stopping there,cause it is still moving upwards.

Next target after this $6000 is $7000, which is likely to happen in the next two months. Bitcoin us doing fine and nobody is going bankrupt, The only time people are going to have a big problem is after this bull run, cause there is going to be a heavy fall.

But no one on Earth can say when exactly the fall will happen, at $7,500 or at $27,500. Also, when Bitcoin starts falling it's unclear whether it is not a "bear trap", so to speak. It can start falling at any point only to rise much more in the nearest future. Something like that happened in August-September 2017 when Bitcoin went from $2,720 to $4,740, and then dropped to $3,670 (in the middle of September) only to rise to $19,500 in the nearest future.

[playboy654]

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

Bitcoin is unstable currency so the future will not be unpredictable by anyone if it was been not successful only then the opportunity will came but Bitcoin is already play an important role in cryptocurrency field show the possibility of new entry was little bit low.

[bitgolden]

It is true that many people became rich during the 2017 bull run, so if the price of bitcoin goes down then many other people would definitely get poor, but the situation is totally different now.

Those who became rich during the 2017 did not have 2 heads, the same head they have is the same head the losers had too, but the difference between them is that they were just smarter enough to follow the rules.

I could remember vividly when I bought bitcoin at around $1500 then in April 2016 and I bought about 5 Bitcoin, I started the Bull run with bitcoin and when I had done my thorough research to see that there will surely be a dump in future, I sold my coin at $15,000, many of my friends who believe bitcoin was heading to $150,000, blamed me for doing so and they kept on pushing further even after seeing the signs, right now, they are still among those that lost out after the bitcoin price dumped hard on them, so who do you balm for their losses? The system or them?

[JohnBitCo]

You don’t understand crypto at all. You only know how to write such pessimistic news. As a crypto user, I'm not upset that bitcoin is falling or rising. I always use crypto, and not chasing speculation.

The overall sentiment in the market is positive in the market about bitcoin and crypto. Bitcoin nearly touched 6900$ today and it is looking bullish. Altcoins are bleeding red but we do not need to worry as when bitcoin dominance will decrease, alt season will start and it will be a massive alts pump season.

[viananda2525]

You don’t understand crypto at all. You only know how to write such pessimistic news. As a crypto user, I'm not upset that bitcoin is falling or rising. I always use crypto, and not chasing speculation.

The overall sentiment in the market is positive in the market about bitcoin and crypto. Bitcoin nearly touched 6900$ today and it is looking bullish. Altcoins are bleeding red but we do not need to worry as when bitcoin dominance will decrease, alt season will start and it will be a massive alts pump season.

altcoins season will coming after bitcoin demand reach the peak and investors taking profit on it.maybe we need to patient more to see this happen.but overall market movement very satisfied to us when all major coins rise.

[repear7]

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

A few weeks ago I bought bitcoin at a price of 5200 $ and now it has risen by around 6800 $, does the new rich suddenly arrive? in my opinion not because I only buy part of the income and the amount is not much

[amonymous]

What do you think man? Now bitcoin price have rise $6700, so it is low? I want to say you need to change your thoughts. Because Bitcoin price has started rising so far now it is still rising. So I'm hopefully this year bitcoin can give us satisfied price.

[CTRLX]

Although difficult to perform, it is possible to make big money in cryptoda with investment, risk taking and patience at the right time. We don't forget that the crypto market is new market and the most optimal market for growth and development in next years.

[IPVPIRL]

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 quite understand what is the laughter about. Your comment belongs in the past. Markets have circles, prices go up and down.So unless you think Bitcoin is a scam or a ponzie with no product or value, you should realize the potential in it. Price fluctuates as people are greedy and it is hard to regulate a universal market like this. People went bankrupt because they probably went all-in the wrong time without proper risk management. I'm suggesting anyone that thinks he went bankrupt not to write-off cryptocurrency investements.
If you want to learn about Bitcoin price, I suggest you watch the video bellow:

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

[CASTIEL05]

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

Bitcoin dropped not becauae there is no rich people or had bankrupted because of hype. Maybe, some of them are just waiting for the hike of bitcoin since it may goes up in a long run. Bitcoin is special because people have already knew what its worth in our economy.

[aioc]

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 guy should be embarrassed for posting here, he is not login since the early week of May, made the right decision to leave this forum, he does know what he is posting about, did not do research and an ignorant about Bitcoin its history and potential.

[Shinpako09]

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 guy should be embarrassed for posting here, he is not login since the early week of May, made the right decision to leave this forum, he does know what he is posting about, did not do research and an ignorant about Bitcoin its history and potential.

He really is complete ignorant. Price are doing fine and yet, he/she said that. How come they are not rich anymore just because the price goes down. Also, people who suffer losses will always be there, it's their own fault for making wrong decision. Not all, will become successful, like you op.