bitcoin goes down, no new rich people anymore

[wahyu wida]

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.

I think it depends on where we are. when the price goes down, if we just let go of assets, we profit. when the price drops if we start looking for a position to buy, it means we are just starting to enter the market and get a low price, have more profit opportunities

[Vishnu.Reang]

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

I never recommend purchasing coins when the prices are going down. It should be done only when the prices stabilize. Else, what will you do in case the exchange rate continues to go down? In the end, you will become desperate and may be forced to sell your coins at a loss. IMO, the best thing to do when the prices go down is to remain calm and hold on to your coins.

[Distinctin]

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

Holding is the most effective method in becoming rich.
But I tell you, better not expect to be rich so you will not be able to get greedy, just be calm and maybe set a long term goal before selling.
With that, whatever the market movement is, you will not be affected as you are strong in belief that market will recover and you will benefit on your investment.

[abeecrypto]

During bear or bull run, people still make lots of profit. Some who were acclaimed to have gone bankrupt during the intense bear Market are reaping the profit of HODL. And I believe there is still be to come as the market is still trying to hit its gear to a huge bull run. Right Now,  Bitcoin is still trying to surpass the $8k mark and it will. Patience is one of the virtues of those who will make gains in this flunctuaing market

[otong]

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

before starting an investment with crypto currencies or altcoins, of course, investors must know all the risks that will be obtained and be able to get rich by investing in crypto currencies is a fortune that is very extraordinary

[Vaculin]

During bear or bull run, people still make lots of profit. Some who were acclaimed to have gone bankrupt during the intense bear Market are reaping the profit of HODL. And I believe there is still be to come as the market is still trying to hit its gear to a huge bull run. Right Now,  Bitcoin is still trying to surpass the $8k mark and it will. Patience is one of the virtues of those who will make gains in this flunctuaing market

Yes. The market is really gaining a good price increase as of this moment and hopefully it it will reach a high peak again in the next few days. If you are patient enough to hold your coins until you see your goal price to sell, you will surely make huge gains but if you are not patient and won't take risks in crypto, you will surely end up losing too.

[sempak]

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

before starting an investment with crypto currencies or altcoins, of course, investors must know all the risks that will be obtained and be able to get rich by investing in crypto currencies is a fortune that is very extraordinary

The average person who gets a big loss is those who really can't do management with good investment. and tends to be passionate about the increase in the altcoin. at this time we know that the more losses that occur as a result of this.

[Kimonoe]

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

before starting an investment with crypto currencies or altcoins, of course, investors must know all the risks that will be obtained and be able to get rich by investing in crypto currencies is a fortune that is very extraordinary

The average person who gets a big loss is those who really can't do management with good investment. and tends to be passionate about the increase in the altcoin. at this time we know that the more losses that occur as a result of this.

wrong strategy to cause price loss. with a wrong analysis of course you have to decide on the next step. we must be able to survive in all market conditions. when we are bearish we also have to make a profit

[adamlillian]

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

that's just a slight adjustment and now its price has increased to $ 8600. This is definitely not your pleasure. haha
Best of all, you should find ways to invest in the right time and manage risk instead of just investing by word of mouth.

[Yukyzu]

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

before starting an investment with crypto currencies or altcoins, of course, investors must know all the risks that will be obtained and be able to get rich by investing in crypto currencies is a fortune that is very extraordinary

The average person who gets a big loss is those who really can't do management with good investment. and tends to be passionate about the increase in the altcoin. at this time we know that the more losses that occur as a result of this.

most of those who were harmed yesterday were people who held back for so long, and did not take advantage of opportunities to sell their assets when prices were high. however it is a common thing on the internet. however, falling prices are also an advantage for investors who are waiting for low prices. maybe that can make them profitable. price reductions also do not guarantee that people become a 100% loss because of volatile prices.

[iged_war]

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

before starting an investment with crypto currencies or altcoins, of course, investors must know all the risks that will be obtained and be able to get rich by investing in crypto currencies is a fortune that is very extraordinary

The average person who gets a big loss is those who really can't do management with good investment. and tends to be passionate about the increase in the altcoin. at this time we know that the more losses that occur as a result of this.

wrong strategy to cause price loss. with a wrong analysis of course you have to decide on the next step. we must be able to survive in all market conditions. when we are bearish we also have to make a profit

many people make basic mistake in trading or investment.they didnt selll their assets when they know it will be down sharply.and now we heard many people shouting they suffered alot of loss ,asset value decrease alot and not patience to wait till market recovered.

[shannelcoin]

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

Maybe you are not serious about Cryptocurrency or about bitcoin well its sad that you write a thread like this to spread fud. Well nothing in this earth will be forever but as long that have opportunity grab it like in crypto. Bitcoin will be useful as long people used it and as long people invest or buy bitcoin it will not bankrupt because it's not centralized.

[suryati]

that's just a slight adjustment and now its price has increased to $ 8600. This is definitely not your pleasure. haha
Best of all, you should find ways to invest in the right time and manage risk instead of just investing by word of mouth.

yes I think so, the market price movements certainly come down and up so that before making an investment you have to know the momentum when to buy and when you have to sell it, I am always optimistic that the bitcoin price will reach it's highest level.

[legenduim]

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.

A lot of people managed to enlarge their capital even if they invested in Bitcoin this year. Let us say they spend tens of thousands for BTC when it was about 4K, and later, they sold it for 8K, now they are waiting for the next investment.

[LUCKMCFLY]

It is not that it no longer rises, at some point it must go down and up, the market is currently in an accumulation stage where a large amount of purchases is present in the market, this means that there are new investors entering the market. This has as a direct consequence that the market is entering a large amount of purchases and there are many buyers who do not care about the price.

Now there is a lot of new investors, maybe because of the BAKKT, who already have the green light to be able to be legally because they have the supervision of the SEC, for now I do not think I'll even make a correction, what comes for now it is possible that a lateralization of the market may arise and may continue to rise, since the volumes that have been seen are pure purchases.

[Netnox]

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.

A lot of people managed to enlarge their capital even if they invested in Bitcoin this year. Let us say they spend tens of thousands for BTC when it was about 4K, and later, they sold it for 8K, now they are waiting for the next investment.

Looking at the volumes, it is clear that a lot of the investors are currently accumulating Bitcoin (and the other cryptocurrencies such as Ethereum and Bitcoin Cash). They will be setting targets such as $15,000 per coin or $20,000 per coin. So the impact from those users who are booking profit at 8K levels will be more or less neutralized.

[breathlessz]

I think everything comes from the moment. how for those who have sold when the price is at the peak, they are already rich first before the price drops. and now of course looking for a moment to buy back

[Dimas99]

The actual market movement can still generate profits for traders in down or up conditions. but indeed when down the trend occurs most will cover losses due to a decrease in the price of bitcoin before getting their profits. some people actually enjoy in a rising or falling market situation because indeed this has become the nature of fluctuating cryptocurrency

[uneng]

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.

A lot of people managed to enlarge their capital even if they invested in Bitcoin this year. Let us say they spend tens of thousands for BTC when it was about 4K, and later, they sold it for 8K, now they are waiting for the next investment.

Indeed. There are always chances for new people getting rich with bitcoin. This situation you mentioned at the beginning of this year is a good example: bitcoin was near 3500-4000 dollars, then now, after some months we are already heading to 9000 dollars, it's more than 120% profit in few months!
And the market is still very optimistic, so this percentage can increase even more! Crypto currency is full of surprises, we shouldn't underestimate its potential.

[Greed Dev]

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

Yes, but it will not affect too many investors. Currently whales and manipulators hold a lot of Bitcoin and when its price goes down, that will be the strategy of the whales. This is the black market and everything can happen.