bitcoin goes down, no new rich people anymore

[KennyR]

Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.

[ngusmin]

Don't overdo it hoping to get rich from holding bitcoins, bitcoin always changes its value and when there is a decline, it will make you panic to death.

[TurboRyzen]

Do you know of any people that went bankrupt because of crytos? I read an old thread on Bitcoin talk, after Googling the subject, and this one guy lost like $400,000 of his retirement. Hadn't told his wife yet. But this was many years ago, so hopefully he hoarded some Bitcoins and recouped.

[millgates]

Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.

One thing that we should have is patient. I am sure that those who buy bitcoin at $10.000 - $20.000 could get their money back and even more. The bitcoin price swing is give bigger size of opportunity for people to buy bitcoin at low price. So there will be many new rich people in this cryptocurrency investment in the future.

[sulendra12]

Well, I guess it's not. New rich people is coming :^)

Do you know of any people that went bankrupt because of crytos? I read an old thread on Bitcoin talk, after Googling the subject, and this one guy lost like $400,000 of his retirement. Hadn't told his wife yet. But this was many years ago, so hopefully he hoarded some Bitcoins and recouped.

That's why you shouldn't shit through Bitcoin, even though it has a potential. Keep in mind, that Bitcoin market is really risky and by doing that you are agree to take the risk and responsibility.

[jhonjhon]

~snip...

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.

He is not an ignorant man but he is probably out of his mind. I feel bad for this person, maybe he lose his BTC before and put his blame into crypto. It probably he just want other to be not in crypto but sadly he fails. People already know and have trusted this coin, they don't even bothered if prices falls down, in fact, they'll buying more in the preparation for the next bull run.

[awik p]

Well, I guess it's not. New rich people is coming :^)

Do you know of any people that went bankrupt because of crytos? I read an old thread on Bitcoin talk, after Googling the subject, and this one guy lost like $400,000 of his retirement. Hadn't told his wife yet. But this was many years ago, so hopefully he hoarded some Bitcoins and recouped.

That's why you shouldn't shit through Bitcoin, even though it has a potential. Keep in mind, that Bitcoin market is really risky and by doing that you are agree to take the risk and responsibility.

of course it would be better to use free money to invest in bitcoin, because basically this market is at high risk. although it is a pension fund, it is not yet free, because the wife does not know. and I am sure your psychological condition must be interrupted at this time

[kodtycoon]

Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.

it seems that not all people who have that much money and again have a very low percentage if you say people in third world countries have that much money to invest. well, even though bitcoin goes down it does not mean there is no more opportunity for bitcoin investors and holders to become rich, because the opportunity to become rich in this industry is huge if you are indeed clever to do it so that it can produce something good

[iv4n]

One more thread, from one more guy that regrets for missed opportunity, again. We had so many similar threads here, in the beginning I felt sorry for this guys, but now I say who fuck them! They lose money, they miss good chance, and than they come here (or on other places) and they are trying to poison us with their negativity. Just don`t pay too much attention on them, this world is full with similar people, they will always try to pull you down, you need to get away from them, rise above them, when you do that you will have more chances to succeed in your life.

[adzino]

Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.

Your title says one thing and your main post says some other thing. You are only thinking about the people who are getting rich through bitcoin and other crypto currencies, but what about the people who are losing shit tons of money while investing on crypto currencies? And gambling is just a way of getting rich by carrying a huge risk over your shoulder. The price of bitcoin was just around $4,000 USD in January this month. They just doubled their investment, doesn't mean they became rich overnight.

[geegaw]

Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.

it seems that not all people who have that much money and again have a very low percentage if you say people in third world countries have that much money to invest. well, even though bitcoin goes down it does not mean there is no more opportunity for bitcoin investors and holders to become rich, because the opportunity to become rich in this industry is huge if you are indeed clever to do it so that it can produce something good

The value of bitcoin goes down is not a problem that we should care about, what we should pay attention to is the profit from bitcoin and the markets around bitcoin, it is still making a profit for the participants or it has stopped, and people are probably very easy to see that these areas are constantly making profits. That has told us that the opportunity to become rich still does not disappear, but as you say, we need to be smart enough to recognize this opportunity, the new rich will continue to be born but the number will decrease.

[fullhdpixel]

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.

LOL, don’t kill him yet, just let him be with his trouble, why would he not leave the forum when he has completely lost out of the train because I am sure as at the point he created the fUD news, he would have thought that it will make people panic to sell and then price dump for him to buy dip, because I am sure he is not a complete hater of bitcoin, and if he is, that is his own business.

He must have been disappointed by now seeing bitcoin reaching this high shortly after he created the post. The people he referred to were people that mistaken bought high during the last ATH and they have to wait for next ATH before they correct their mistake and start investing again.

[Tervelatuk]

Well, I guess it's not. New rich people is coming :^)

Do you know of any people that went bankrupt because of crytos? I read an old thread on Bitcoin talk, after Googling the subject, and this one guy lost like $400,000 of his retirement. Hadn't told his wife yet. But this was many years ago, so hopefully he hoarded some Bitcoins and recouped.

That's why you shouldn't shit through Bitcoin, even though it has a potential. Keep in mind, that Bitcoin market is really risky and by doing that you are agree to take the risk and responsibility.

of course it would be better to use free money to invest in bitcoin, because basically this market is at high risk. although it is a pension fund, it is not yet free, because the wife does not know. and I am sure your psychological condition must be interrupted at this time

if we have bounty campaign we must use our own money to invest.although we get no certinity about bounty reward atleast we do best effort to make money in crypto.the same condition happened to investors.they spend their money that maybe could suffere loss.

[Fredomago]

Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.

it seems that not all people who have that much money and again have a very low percentage if you say people in third world countries have that much money to invest. well, even though bitcoin goes down it does not mean there is no more opportunity for bitcoin investors and holders to become rich, because the opportunity to become rich in this industry is huge if you are indeed clever to do it so that it can produce something good

If you are really focus and you have the capabilities to adopt, chances to make a good outcome from this industry is still big, many investors who learned to create good system from this investment venue are still surviving and they are still in the process of haunting those opportunities for them, there's still sets of possibilities if you are willing to work worth your knowledge.

[princeyeboah]

It's quite unfortunate how OP is very pessimistic about Bitcoin, perhaps OP lacks adequate knowledge on crypto investment, trading and its utilization in other fields to patronize goods and services online. If Bitcoin was able to rise from $3.8K to $8K within some few weeks, what prevents it from rising again? Bitcoin will definitely rise.

[Ayiranorea]

Bitcoin after several price fluctuations have stood strong and after a long the price have been increasing from the month of April. Now we have crossed $8000 which is the ath of the year. Further we can see more growth in the upcoming days. Rich through bitcoin still happens, people who invested by January have now could have taken back the profit.

[Oilacris]

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

Why wont you consider for those people who do took profit on btc bigtime would comeback again on BTC? Arent you aware on the price
progress of btc itself,considering that it did dropped down to 3k and now we are on 8k range.I do much prefer on seeing these gradual
price increase than on huge spikes.It doesn't really need completely to have those rich people but we do need more on adoption worldwide.

[bravehearth0319]

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, that maybe in your mind and opinion dude. But as the price of Bitcoin, it is actually closed to 10k$ each, probably this things could possibly happen by the month of June I think. Although, it is indeed true and correct that lot of community got loss their coins but those people are the one who became impatience on holding their coins.

[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

I don't think it is like that before starting the investment with crypto currency, I think we already know the risk that we will get, one of the future developments will be rich in crypto currency investment, meaning investors are good at taking advantage of investment opportunities.

That is right. Doesn't mean the price of bitcoin dumps, they lost a lot. Loss is inevitable in investing and that is normal, and not be laughed about. I think the OP laughing about this means he knows nothing and what he only know is that the price drops and people will be regretting we invest in it. The OP posted this on May 1, as far as I know, the price of btc at that time is still lower, the price since then pumps and I think the OP is embarrassed by this.

[sirminesalot]

I think in terms of investment or a loss trader it is a risk that not always the btc price will continue below, I take advantage if btc falls time to buy and hold until the price rises