bitcoin goes down, no new rich people anymore

[nasipadang]

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

Your way of thinking is normal which is the truth, many users don't get much profit and some even lose, but if you think about it when prices are falling and cheap, then there are people who buy and prices go up much higher then the rich suddenly arrived will return. Many say pro traders and genius investors blah blah, whatever the current conditions are very difficult for them to make a profit in the face of the current conditions.

[Polo7]

Rich people are rich just coz they know how to use whole Economic system for they advantage!
Knowledge is for free anyone can go to Library / use internet google.

Get knowledge and become rich too, im not rich yet but im definately on my way to there:) 

[djselery]

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, most people know already that Bitcoin's price is so volatile, and going up and down all the time almost. So it is expected as the market is red actually that BTC price dropped as well as other cryptocurrencies. It is a matter of time, until BTC and the whole crypto market will recover again.

[doomistake]

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

They are not literally went bankrupt as the price of bitcoin continue to go down, they just lost some profits they could have when they sold it way back December 2017, they could only went bankrupt if they are going to feed it to the whales by making a sell on a bearish market, but as long as they have the bitcoins in their wallet, the odds are still with them, they just have to wait for the bullish market to come and that is all to it.

it could only be a pain in the neck if they invested all of their money on it and didn't have any savings left, that is a critical move for them, because they will have no choice but to sell it whatever price bitcoin's have if they need it so badly.

[bitbunnny]

Well, you can never know how Bitcoin price will develope in the future and if we might have similar situation like 2018 and 20000$ or more. Also, definition of being rich is not the same for everyone in every part of the world.
Still, despite the fact that many are disappointed because Bitcoin will not help their dream to become rich over night there are many nice opportunities to make decent profit, people just need to use them and to set some realistic goals. To become rich is not one of them.

[Btcvilla]

Rich peeson not only come from with bitcoin investment but also many rich person use their money in bitcoin, growing up bitcoin and altcoin far away with 100% altcoin can raise up and bitcoin only can higher about 40%, if you have money better buy good altcoin than bitcoin because your profit higher with investing in altcoin.

[Andrews193]

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

If you are a longtime investor in Cryptocurrency, you'll know that the market is volatile and it goes up and goes down, not because Bitcoin is going down, it doesn't mean that people are going to be poor, and not because Bitcoin is going up and people are going to get rich, it's not always the end of the game everytime Bitcoin goes up and down, market is volatile every situation presents new opportunities.

The market situation in recent days is probably a reference to whether the value of bitcoin will increase or decrease, it still does not affect the number of people who can become rich every day because every bitcoin change is an opportunity from the perspective of investors and traders. As is the case today, bitcoin is falling but the altcoin is still giving off a dazzling green, people can through this situation make a lot of money, even many people may gain super profits and wealth in just a few days when bitcoin drops, altcoins increase

[strunberg]

Rich peeson not only come from with bitcoin investment but also many rich person use their money in bitcoin, growing up bitcoin and altcoin far away with 100% altcoin can raise up and bitcoin only can higher about 40%, if you have money better buy good altcoin than bitcoin because your profit higher with investing in altcoin.

picking up altcoin that will give us lot of profits was not easy at all.we must deeply research to many coins in cryptocurrency market.looks like holding altcoin could give us profits, but its not totally true.in the face many altcoin portofolio value now decrease alot since bitcoin has high dominance in market.except we hold only major altcoin such as ethereum, ripple , binance coin or other major altcoin.

[Sithara007]

Sometimes I think that it is a good thing that the prices are going down. The insane price rise in 2017 had attracted a lot of less serious users to Bitcoin. And these people think that Bitcoin is some sort of magic wand that can make them uber-rich in a month or two. These people always spread FUD about Bitcoin and they are responsible for most of the instances of panic selling. The exchange rate is going to rise only if this group of users quit using Bitcoin. If the prices stay low for 2-3 years, then we can get rid of these noobs. And those who remain will be serious investors, who has the patience to wait for long-term to get good returns from Bitcoin.

[Faxmate]

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

If you are a longtime investor in Cryptocurrency, you'll know that the market is volatile and it goes up and goes down, not because Bitcoin is going down, it doesn't mean that people are going to be poor, and not because Bitcoin is going up and people are going to get rich, it's not always the end of the game everytime Bitcoin goes up and down, market is volatile every situation presents new opportunities.

This is one of the basic properties of crypto currencies that they are highly volatile in nature. No crypto coin has ever showed stability in prices including bitcoin. This market is full of surprises, ups and downs in prices and opportunities. People have earned enormous money from bitcoin over short time period because they never gave up on it in dumps. This is what we have to do right now.

[Spaffin]

Despite the fact that the capitalization of the cryptocurrency has decreased by 40% over the past few months, the volume of capitalization of the cryptocurrency market is still quite large (200 billion).  What is happening on the market is most likely a very huge price manipulation, despite quite positive news regarding Bitcoin or Ethereum.  I mean the trading of bitcoin futures and the new features of ethereum, where resources place ethereum as a means of payment for goods.  Based on this, I believe that not only speculators, but also large whales are manipulating the market.  Although I admit that in recent years, quite rich investors in cryptocurrency have not been observed.

[boltz]

Looks like someone envy the rich people who got their bitcoin on the lowest prices. Just calm down a little mate , some of us didn't took the opportunity to buy when the price was under 1k$ or even if we did we cashed out back in 2017 during the pump days ( not me tho  ) Also the rich guys are still rich but not like in 2017 I can tell you that because they had multiple occasions to increase their bitcoin wallet because they price swing from a price to another for a long time.
For those who invested over 15k$ btc price , you're right , they are no more rich guys and probably they're crying right now but if they are smart they will hold and will not sold any piece of them and simply accumulate more if they have cash to spare. For those who did big investments during the bull run ...well....no one forced them to enter during that price...so they can manage their loss I'm sure.

[Jorge158]

The idea that Bitcoin goes down hence no new rich people is a fallacy. For the traders, the last four days drop back to $7.7K and now at $8.5K is a massive rise to make the huge profit only if one could buy at the dip. This is how cryptocurrency trading works, more profits for those who are courageous to buy the dip.

[carriebee]

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 this time they are  suffering because of losses but I think they are not so fool to be bankrupt. We know how the market is volatile specially bitcoin so it's up to us how to manage well our assets. And it's not funny to see others suffer because of losses, some of them invest to grow their money which is not good too because they see only Bitcoin as a investment which its not only investment platform. People need to study deeply about bitcoin so they understand clearly what is bitcoin and the benefit of this coin.

[Inkdatar]

The idea that Bitcoin goes down hence no new rich people is a fallacy. For the traders, the last four days drop back to $7.7K and now at $8.5K is a massive rise to make the huge profit only if one could buy at the dip. This is how cryptocurrency trading works, more profits for those who are courageous to buy the dip.

This is usually happening in crypto that price of bitcoin goes down but doesn’t mean no chance for people to earn big and to become rich. Exactly for those who have the courage to buy btc at down price it will have a greater chance to have more profit in the future once price goes to moon. Expect the volatility price in the market it will not continuously goes down and let us be positive throughout our investment.

[Palider]

Not totally bankrupt, because Bitcoin price has never been 0 value. And of course we know that bitcoin prices are not just rising and this is what we have to understand. Investing in bitcoin requires petience and waiting because of this we make big money and we can become rich.

[dengpei]

When BTC goes down it in fact creates new rich people...those who buy the dip and hold. Even those who hold BTC when it goes down only suffer a loss when they decide to sell!

[yurekaa]

last two years maybe if the percentage of bitcoin holders may indeed be a lot of losses compared to the profit. but this does not mean investing in bitcoin is not profitable anymore. in fact I think these two years are opportunities for people who don't have bitcoin to have them. and in early 2019 when bitcoin was worth $ 3k, it was the best time to buy. and now the price of bitcoin is $ 8.5k for those who bought when $ 3k is now the new rich. and it's never too late to buy bitcoin. if you have money buying bitcoin now is the right decision. before the price reaches $ 10k.

[desticy]

Do not you think that those people who have a sufficient amount of bitcoin did not take profit in the dollar when it was necessary?
If you constantly keep assets only in bitcoin, this is fraught with a constant change in their value due to the frequent fluctuation of the price of bitcoin.
Those who were rich thanks to Bitcoin, remained rich. Those who wanted to get rich are waiting in line.

[Edraket31]

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 not one way that can provide wealth in a short time. before we dive into this field, you must first understand the movement of market prices, demand and supply of many people, one of the causes of the rise and fall of bitcoin prices. most people believe that bitcoin is very appropriate if used as a long-term investment, therefore it requires extra patience to be able to get many benefits by making bitcoin into a promising form of long-term investment.

Bitcoin is really unpredictable, there is no certain in a very short period of time, some people dropped their investment because of impatience and that they thought Bitcoin's price will go crazy again, without considering the value of it might decline. That is why it is very important to consider not to give all our hard earned money in investing, we should also consider some ways to earn money and not just thru investing bitcoin or any other cryptocurrency.