bitcoin goes down, no new rich people anymore

[princeyeboah]

The idea that Bitcoin when the price of Bitcoin goes down, there are no new people making fortune from it is a misconception. The fact is, bear market and bull market can equally be utilized to make profit only if the participant knows the strategies to do so. Trading is one of the ways to earn during bear and bull markets because traders do not need huge spikes in prices in order to make a choice (buy or sell).

[Altero]

The idea that Bitcoin when the price of Bitcoin goes down, there are no new people making fortune from it is a misconception. The fact is, bear market and bull market can equally be utilized to make profit only if the participant knows the strategies to do so. Trading is one of the ways to earn during bear and bull markets because traders do not need huge spikes in prices in order to make a choice (buy or sell).

I'd love to see those people went down and thinking negative when the market goes down and in the later part they're turning back again. They are just stupid and nothing to prove that they are worthy for this investment.

Anyway, there is no need to hold them and force them to believe bitcoin. As to know that,  only risk takers will survive in crypto investment and they are not among of them(us).

[coin-investor]

The idea that Bitcoin when the price of Bitcoin goes down, there are no new people making fortune from it is a misconception. The fact is, bear market and bull market can equally be utilized to make profit only if the participant knows the strategies to do so. Trading is one of the ways to earn during bear and bull markets because traders do not need huge spikes in prices in order to make a choice (buy or sell).

I'd love to see those people went down and thinking negative when the market goes down and in the later part they're turning back again. They are just stupid and nothing to prove that they are worthy for this investment.

Anyway, there is no need to hold them and force them to believe bitcoin. As to know that,  only risk takers will survive in crypto investment and they are not among of them(us).

For me every time Bitcoin goes down and experiences a bear trend there will soon be new millionaires coming, this is an opportunity for people who came in late believe in the potential of Bitcoin an dwait for the right time to enter the market, and this is a huge opportunity for them and history proves it right.

[Best Dreams]

Except if bitcoin is dead then no one will become rich from bitcoin.

It cant be dead since it always can be used.
It is never the perfect moment if you fear the drops, buy inn with steps up and downwards and time will tell if you get rich.

One way or another, a cryptocurrency market is a ratio of risk, experience and good income.  Very often, the risk is at odds with good results, but only an experienced user can draw real conclusions in order to get a good result of their activities.

I am agree with you crypto currency will never die it will be there in market always because it has become so long that we are using crypto currency and we are taking so many advantages of it, so if it is down it will surely get higher because of volatile nature so wait for right time but keep trusting your investments, one day all holders will become rich people of our country.

[Hemady17]

I don't know if I'm going to laugh sarcastically or laugh for real. Why would you depend your success here, also one thing why successful people became rich because they are wise. I don't think also the price of btc will go down up to zero. It will bull and bear. Its a matter on how you get a perfect timing.

[Prettyme]

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

We can't say that because still especially the people who do mining is still rich there are still existed. I think only those bounty hunters is now gradually fading because a lot of campaigns now are all scam and and all shitcoin that's why they are fading.

[boyptc]

No one will really get rich in a market like this but hopefully this is just a temporary fall down that the bullish market was just interrupted due to stolen BTC that are now being sold in the market but once the selling is completed then expect a price pump soon as lower BTC price means an opportunity to buy more cheaper BTC.

I thought you are telling that no one will become rich to this market as a whole. With the market condition of being on a bearish trend, don't remove that kind of possibility. You don't know exactly how whales and traders move during this frustrating market.

While it looks frustrating for most but for them it's accumulation time and if there will be a small pump, you can take care of few profits depending on how much your capital is.

[jrrsparkles]

If you thought that bitcoin is going to make your rich then you have wrong understanding about it,it is not made to for the people to get richer its just to create value for the curreny which is something not in control of anyone.

If you are holding any bitcoins at the moment and don't think bitcoin is going to give any benefits in future just quit now.

[Wallflower28]

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 does not mean that bitcoin declined, it has no more people that buying it. Maybe, whales are just having fun in manipulating the market. And since whales can control the market, they can easily pull the prices. It just need more time for them to return back.

In short, not all times bearish period is covering the market. And also, a lot of factors affecting the prices of the coin. Most of the time, demand affects it. But we cannot conclude that if the price goes down, no more investors are interested to buy bitcoin.

[Baofeng]

Technically, bitcoin is not a get rich scheme. If you are not an early adopter and a bagholder, then you have to wait for several years before you became rich. I think the best time to accumulate hundreds if not thousand of bitcoin is around 2010-2011. But that opportunity doesn't exist anymore. Price is very expensive for casual joes, and if you wanted to became rich a good five years of holding and having that mental toughness not to sold your coins is needed, very difficult though but it's doable if you set your mind with your goals.

[Alert31]

Bitcoin price hike already and the value of it is always depends on the market demands. It's value is up and down of course and people still can be rich if they know how to invest there bitcoins or do trading. But if you talk about holding,I think it is difficult to become rich now because you can buy bitcoin with a higher price unlike before like year 2009 where bitcoin started that you can buy bitcoin in a very low price.

[Dontme]

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

How did people got bankrupt with just a little price drop? 6 months ago, bitcoin`s price was only ranging $4k to $7K dollars and ranges $9k-$13k this month. So what I see is that Bitcoin did not drop but got up. They could always hodl bitcoin and surely bitcoin will reach it`s peak again this year.

[Findingnemo]

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

This thred proves that prices of Bitcoin will never fall to the level that people can make no profit from it.just wait for your turn to become more rich don't follow others or you will lose.

[Rufsilf]

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

This thred proves that prices of Bitcoin will never fall to the level that people can make no profit from it.just wait for your turn to become more rich don't follow others or you will lose.

Right, the price may go down a few hundred or thousand dollars but most of the time investors had profit already or they can hold it a little longer and wait for the price to spike up again because based on previous bitcoin price after a fall it will always go up, bitcoin has find its way to go up no matter what so there will still be rich people despite of the bitcoin going down.

[STT]

If you thought that bitcoin is going to make your rich then you have wrong understanding about it,it is not made to for the people to get richer its just to create value for the curreny which is something not in control of anyone.

Yep exactly, value is a result of utility and the enablement of trade especially where that trade would not exist in a conventional FIAT system.   If BTC can really do that then its going to be massive.
    Society favours systems of exchange which benefit it not us, if dollar fails it doesnt have to help BTC it can just use a different system.  Bitcoin has a real long road ahead to justify this speculation of being a future useful and reliable system, yea its some use now but I think far more is required or we get replaced.   It always happens, a better product will replace BTC or anything else ( I dont count the clones/forks as that replacement)

[Findingnemo]

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

This thred proves that prices of Bitcoin will never fall to the level that people can make no profit from it.just wait for your turn to become more rich don't follow others or you will lose.

Right, the price may go down a few hundred or thousand dollars but most of the time investors had profit already or they can hold it a little longer and wait for the price to spike up again because based on previous bitcoin price after a fall it will always go up, bitcoin has find its way to go up no matter what so there will still be rich people despite of the bitcoin going down.

I read somewhere that the prices of Bitcoin keeps increasing for most of the time then how much they were decreasing which itself show that how profitable the Bitcoin to be invested but only people who know how to handle it can make profits others are going to just blame it and make nothing from it.

[EdenHazard]

The Bitcoin investment is always so don't think about Getting Rich in quicktime it is all about luck and time for getting good success in Crypto investment otherwise you can definitely make the profit in this situation also but being and with its economy is little bit difficult here in this situation.

Btc will help people to make money provided they stay invested and bought at reasonable rates during bear market and not at high prices during bull run . This will help people to stay invested and get best returns on their investment .

Bitcoin is not magic place to help some people get rich but it depends on themselves. Usually, only for those people who have a high knowledgeable to cryptocurrency and the patient is so importan in this matter. The right time to buy, know they have to hold and sell at the right time it is really needed. But for those people who argue bitcoin can help them get rich with an instant way then they will never get it. They will haste to decide sell when bitcoin price increasing and haste to sell when bitcoin price decreasing. That is an illness for some people in all investment place and that is caused by their knowledge is not much.

[joromz1226]

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 you are just a moron for real or just pretending just for you to have a post here only in the forum.
Don't you know the world of "Volatile"? and this is one of bitcoin characteristic even all crypto currencies. The price performance of
bitcoin for a couple o weeks was actually giving a good in the market even there is a bit upside down happened in terms of its
price but still it recovered it immediately.

[Dobolen]

Bitcoin's price reduction does make a lot of people lose. But with the pump going on Bitcoin in a few months it has made a positive impact. You should be able to trade well. Bitcoin does price have to go back down because we can buy it again at a low price. And certainly the price of Bitcoin will also be back pumping and at that time we can sell it again.

[ancafe]

Bitcoin's price reduction does make a lot of people lose. But with the pump going on Bitcoin in a few months it has made a positive impact. You should be able to trade well. Bitcoin does price have to go back down because we can buy it again at a low price. And certainly the price of Bitcoin will also be back pumping and at that time we can sell it again.

well, when the bitcoin price drops, chances are no one will benefit from it, and the possibility of panic sell occurs. however, I think this is an opportunity for them to buy large amounts of bitcoin. This is like the price of bitcoin going down to $ 4000, and returning to prices above $ 11,000. it certainly makes a rich person new to those who store large amounts of bitcoin.