bitcoin goes down, no new rich people anymore

[owengtam09]

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 happened last Dec 2017, bitcoin hit the highest ATH's and drops so hard so fast that's why the result of it is, rich people back from being poor after getting rich in a short time because of the market. It is really hard to expect more. I've known one person who does have 2 BTC in his wallet and after hitting the highest ATH's, he doesn't sell anything and waiting for the price to rise more and become greedy that time, but after that, all of his dreams are also gone so fast as well.

[1715176962]

1715176962

[kapalmabur]

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.

People should always remember that. Most of the people when it comes to investing is they don't do diversification because they think that their one investment will do all the magic for them but they are wrong because when it shutdown then it is the end for them. Always build other stream of income just like business, investing in stock market, buying and rental business through real estate.

it's not wrong to invest in bitcoin and it's not over yet, bitcoin is still young for that,
indeed the price of bitcoin was still $ 1 and now it's $ 8000 and some people say the price is very high now and it's late,
but for me the opportunity is still there, so don't be pessimistic

[matchi2011]

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 patience and waiting because of this we make big money and we can become rich.

The idea of getting profits while investing inside this market have two impacts, for those who are thinking of easy access to become rich will suffer the great loss as they make wrong decisions when seeing the market bleeding, while those who are still patiently waiting will be the gainers, they will wait and they will
succeed in the long run. You need to choose your own fate by keeping your knowledge to guide you while investing to this market.

[supercanada1]

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.

Bitcoin has always created rich people and this is totally absurd to say that bitcoin is not going to generate rich people. This could be the joke of the year. Bitcoin is a volatile currency and this is normal for it to go through pumps and dumps. Right now it is having serious dump but that does not mean; it is not going to have a splendid pump. I am sure new rich people will be there soon.

[NewRanger]

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!

each accidents will always bring positive impact to another people.some people lost their money ,and some people get much profits from  bitcoin  crashing.nature law will happen to cryptocurrency market.only smart investor that could survive from any condition.they recognized bearish market as golden opportunity to earn much profits.and buying on dip be their strategy,they let many people panic with price.

[febriyana]

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.

People should always remember that. Most of the people when it comes to investing is they don't do diversification because they think that their one investment will do all the magic for them but they are wrong because when it shutdown then it is the end for them. Always build other stream of income just like business, investing in stock market, buying and rental business through real estate.

That is right!
I make Bitcoin as another sources of investment.
There is many people want rich ASAP! They think with buying Bitcoin now, next month will get profit.
Yes if the price is still bullish, but if bearish that people will get depression. Because they buy bitcoin with their saving and hope Bitcoin will make them rich.
That is also reason, people dont get what function of Bitcoin. Actually Bitcoin can we make as tool to buy something then sell that item, make profit! 

[gabbie2010]

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 patience and waiting because of this we make big money and we can become rich.

The idea of getting profits while investing inside this market have two impacts, for those who are thinking of easy access to become rich will suffer the great loss as they make wrong decisions when seeing the market bleeding, while those who are still patiently waiting will be the gainers, they will wait and they will
succeed in the long run. You need to choose your own fate by keeping your knowledge to guide you while investing to this market.

The era of becoming rich with bitcoin has come and gone for good except  early investors who bought bitcoin at a very low price and sold at ATH ever since the possibility of becoming rich again has proved abortive no thanks to the massive drop in the price of btc, some speculators predicted that the price could drop down further so that they can buy at a very low price however the price could not go below $3300, the available option now is to buy low and hodl thus make some profits while selling at high this could be done repeatedly with any qualm.

[Xxmodded]

Rich person not come from only with bitcoin but also many rich person invest money with altcoin or ICO, they have know altcoin can raise up higher than bitcoin only take with 10% to 20% of higher price, for altcoin you can find higher more than 100% and you have run the moment with altcoin to be rich person by getting much profit.

[ReiMomo]

It doesn't mean that if bitcoin goes down there will be no more new rich people. As we all know the price of bitcoin is volatile is it may rise or fall from time to time so if you want to get rich now you just need to invest now because the price drop down so you'll be able to buy it at a lower price, Then all you need to do is to just wait for its value to rise again before you will sell it in order for you to be able to earn big and get rich. You must need to be patient first and don't do the panic selling.

[ecnalubma]

Lets wait for another pump then we all get rich again just make sure we have enough load. Only few people really want to become rich some are just contented just to sustain a living, there a lot of options to invest and not only Bitcoin can make you rich, its the good mindset that really make people rich.

[ongkok87]

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!

Bitcoin decline should be a moment for everyone to be able to take the opportunity to benefit from these investments. and as it is now that we ourselves should start investing when prices are falling to become rich later,agree with your opinion that there is still a chance if we want to

[DBronze98]

No, many people are still rich because they make short on margin trading. I really like this type of trading and it is a huge financial lever, it can help ordinary people get rich in just a few months.
Someone once earned $ 5,000 just by $ 100 in 5 days. So, whatever bitcoin trends, there will still be rich people.

[yulionoo]

actually bitcoin is not a rich quick scheme overnight. bitcoin is a cryptocurrency that was created to be a solution during an economic crisis. and because of the fluctuating value of bitcoin finally bitcoin is not only a currency but also an investment tool. and investing in profits and losses is common. and bitcoin has a trend there is an upward trend and there is a downward trend. at the moment we are on a downtrend. but I am always optimistic that the price of bitcoin will rise again. we just need to be patient and wait.

[secretgirl]

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's very wrong you say it like that. Try to look at the market now, you will see the price of bitcoin begin to rise again. I realize if you're still a beginner if you can laugh like that. indeed people who buy when prices are high will suffer losses when prices get lower. but people who are still sure to be able to get income from bitcoin, will never think as you think. in my opinion, there are still ways to get income with the current circumstances. try to do daily trading, by trading you mean working for income. try to look for new innovations, and look for good motivation so that we remain eager to find income under any circumstances. don't just laugh which I feel is of no use.

[BennyK]

Who says Bitcoin is going down? Check the current price of Bitcoin and one will realize the recent surges Bitcoin has been making. Now, Chinese president Xi Jinping has expressed his interest in Blockchain and Bitcoin and this is a major turn over for the entire crypto space.

[bitzizzix]

Who says Bitcoin is going down? Check the current price of Bitcoin and one will realize the recent surges Bitcoin has been making. Now, Chinese president Xi Jinping has expressed his interest in Blockchain and Bitcoin and this is a major turn over for the entire crypto space.

Chinese President Xi Jinping only wants to implement blockchain technology and has nothing to do with bitcoin and that can only affect the movement of bitcoin or cryptocurrency.
and the President of China plans to launch blockchain technology on October 24, and indeed the news is good news because it affects bitcoin or cryptocurrency which is currently increasing and hopes to continue to increase to reach the highest prices.

[huu78]

Not also all wealthy people happen as a result of Bitcoin rising. Many hunters are rich because they promote nice coins well and right.
And they paid off the short-term investment money and played it properly. If it relies solely on Bitcoin, yes it is just waiting for the right moment to get rich.

[YOSHIE]

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

Ha, ha, that's just your mind, your words are misleading and 100% wrong, can't be held.

A few examples for your words,
I say in 2019 many people are already rich.

You will definitely remember December 2018 and continue to enter February and March 2019, the price of Bitcoin at 4,135 $, many people bought at that time, slowly going up until the peak of July 2019 at 10,695 $ and down again a little until holding at 8,057 $ now rises again daythis is 9,269 $.

So, in a situation like this there is a new rich person or not, there must be.
For your answer no new rich person is misleading.

My question,
If, you buy Bitcoin at a price of $ 4,135, for example (5) btc a few months have passed, you hold it for a moment and sell now, what percentage of your wealth.
Can you get called a new rich person.

[juperos]

This is a good economic topic. To be rich and to step on the path of financial freedom is very difficult and hard but nothing is impossible
1: First of all we have to understand the law of money, its flow.
2: Secondly, you must have a lot of knowledge about society, economy, people, ...
3: Third, you must have a retirement plan and a plan for your future.
-Money is a tool and a diligent slave who can work for you when you are sleeping or not working ... such as real estate investment, house for rent, invest crypto, loan for interest ....
-Before you want to make a lot of money, you need to have experience and knowledge by reading books, learning from people who older, better than you ... when you were young, you should take advantage of this method because it is beneficial for you about future.
- Having a clear plan helps you to be motivated to work more, you work harder and harder because you work purposefully.

[AicecreaME]

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

Ha, ha, that's just your mind, your words are misleading and 100% wrong, can't be held.

A few examples for your words,
I say in 2019 many people are already rich.

You will definitely remember December 2018 and continue to enter February and March 2019, the price of Bitcoin at 4,135 $, many people bought at that time, slowly going up until the peak of July 2019 at 10,695 $ and down again a little until holding at 8,057 $ now rises again daythis is 9,269 $.

So, in a situation like this there is a new rich person or not, there must be.
For your answer no new rich person is misleading.

My question,
If, you buy Bitcoin at a price of $ 4,135, for example (5) btc a few months have passed, you hold it for a moment and sell now, what percentage of your wealth.
Can you get called a new rich person.

I get your point that you are looking on the bright side, but there are also people who lost and indeed went to bankruptcy because they bought in the wrong time. I'm also going to give an example:

Person A bought bitcoin when its price is $4,000 while Person B is having doubts that time, so he just watched Person A, after months, Person A made a lot of profits and that is when Person B decided to buy bitcoin (too late), which is not recommended, Person B might be able to make some profits but not as big as Person A.

If Person B borrowed his capital to a bank or to someone, and he agreed to pay it with interest, he might not be able to pay it up on time because he missed the chance that Person A didn't miss.