bitcoin goes down, no new rich people anymore

[Linkkoin]

Bitcoin goes down much - smart people buy it then and sell it when it goes up significantly, then wait for huge correction and repeat the process.

[Edraket31]

No need to panic, the price of Bitcoin behaves perfectly. It seems to me that a little more and Bitcoin will overcome the price limit of 10 thousand dollars. Any asset always rises and falls in price. The increase cannot be eternal, nor can the fall. Enough panic, fasten your seat belts, maybe Bitcoin is going to the moon.

Panic has nothing to do, so what if no rich people this year? we don't have any info right, as we don't know people, so let's calm down, no need to wait for new rich people, we must focus on our own way how are we going to be a millionaire.

Bitcoin goes down, up, down up, if some people can find the advantage of it, why not all of us, just let's make our time wise especially in investing. We are able to make our self to make rich, just stay focus and believe in what we are doing.

[CarnagexD]

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

Even the price of bitcoin goes down there are still rich people because they not only hold bitcoin they also hold different cryptocurrencies. What do you mean bankrupt? it will totally become bankrupt if the price of bitcoin will go down to zero and as you can see the price of bitcoin is now slowly recovering so expect in the next few years all their losses will regain. Lastly, just wait and you can see how bitcoin will really go to the moon again and after that many people will become rich.

[huige007]

Are you talking about those people who gets bankrupt because suddenly bitcoin dumps so bad? Then you're right there are people who are suffering losses right now because of the dump of bitcoin, but do you think that there is also some people who are holding multiple bitcoins right now?
Bitcoin is almost $9,000 to $9,400 and we are seeing some people who have a lot of bitcoins then we can consider them as millionaires or rich people because they are still having those numbers of bitcoins.
Let's wait until the bitcoin goes to the moon and we will be seeing again a lot of people who are getting rich because of bitcoin.

Maybe you are right regarding to those people who went bankrupt and quit away they are no longer interested, but in terms of new investment
chances that those rich people are just waiting for the right time before investing inside, trying to carefully research and do good assessment
before jumping in. MArket situation might also affects them, rich people always trying to be in the safe side so expect them to completely ride
once they see or being convinced that they already understand everything.

If people are waiting for the right time to invest in bitcoin at present then I am afraid that they wont be able to find that right time. The wait will last forever. Bitcoin is about to rise and now is the last chance for investors to buy it at low rates. The pump has been predicted so they wont have to wait for years also. Getting rich with the help of bitcoin is easy if someone gives it an honest trustworthy try.

[princehandsome]

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

yeah that is a risk, sometimes we can get rich suddenly or go bankrupt without money at all. today the story is different from last year where a lot of new people got rich when the price of Bitcoin skyrocketed and now if you want to be rich you have to work hard. somehow I miss, miss on the heyday of Bitcoin in years 2017 ago because I could getting rich suddenly.

[suvo05]

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 frustration is clearly showing in your above statement. I think you did't trust the bitcoin earlier or you lost the opportunity of buying it in the beginning.

The only people, who brought bitcoin over 10000$ are in loss now. Maximum of them were treating bitcoin as a money multiplier. On the contrary, you can find lots of bitcoin HODLer here in this forum who didn't panic during the price drop and trusted bitcoin forever. They were never in loss and they are still rich.

[cotton ball]

Are you talking about those people who gets bankrupt because suddenly bitcoin dumps so bad? Then you're right there are people who are suffering losses right now because of the dump of bitcoin, but do you think that there is also some people who are holding multiple bitcoins right now?
Bitcoin is almost $9,000 to $9,400 and we are seeing some people who have a lot of bitcoins then we can consider them as millionaires or rich people because they are still having those numbers of bitcoins.
Let's wait until the bitcoin goes to the moon and we will be seeing again a lot of people who are getting rich because of bitcoin.

Maybe you are right regarding to those people who went bankrupt and quit away they are no longer interested, but in terms of new investment
chances that those rich people are just waiting for the right time before investing inside, trying to carefully research and do good assessment
before jumping in. MArket situation might also affects them, rich people always trying to be in the safe side so expect them to completely ride
once they see or being convinced that they already understand everything.

If people are waiting for the right time to invest in bitcoin at present then I am afraid that they wont be able to find that right time. The wait will last forever. Bitcoin is about to rise and now is the last chance for investors to buy it at low rates. The pump has been predicted so they wont have to wait for years also. Getting rich with the help of bitcoin is easy if someone gives it an honest trustworthy try.

Rich and poor person in bitcoin too close like your white and black eyes, some time you can be with richest person position but one hours later you can be poor person because your bitcoin and altcoin assets have down. We can be rich person in short time and become poor with few second, when bitcoin have down many people stop become richest person because their assets have lower price.

[jakoylantern]

For me, the bitcoin price rate right now is not that high if you compared its value on the ATH moment of bitcoin. But even the price of bitcoin is low at the moment there is still some ways that you can do to become rich will the help of bitcoin. The ppl that become wealthy because they trust bitcoin's capability, they don't panic sell, they do there calculations, etc. But right now, there are so many TA showing up that bitcoin's price will increase and might reach another ATH or 22k.

[agentx44]

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 should keep in mind that bitcoin is not the only mean to become rich. It may help you become rich easily, you shouldn't still rely your complete living on it. Never ever invest all your money in bitcoin because it very risky. You should also find a stable job, a real one so that you can earn money that has a real assurance. Maybe it's true that there are no new rich people anymore since the price hasn't fully recovered yet but sooner or later, as it regain its high value, lots of rich people will show up again.

[Ayiranorea]

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 should keep in mind that bitcoin is not the only mean to become rich. It may help you become rich easily, you shouldn't still rely your complete living on it. Never ever invest all your money in bitcoin because it very risky. You should also find a stable job, a real one so that you can earn money that has a real assurance. Maybe it's true that there are no new rich people anymore since the price hasn't fully recovered yet but sooner or later, as it regain its high value, lots of rich people will show up again.

Once it served to be a way to become rich for the early adopters. Then onwards as the price skyrocketed it became a way to get rich for the people who are financially free to invest in large scale. There are people who have benefited investing small amounts, but now this is truly a big price for middle class people. More and more people are getting rich out of bitcoin, but those are already rich. Then onwards new rich people need to emerge from low price coin investments, and surely this will happen over the falling years.

[Pamadar]

For me, the bitcoin price rate right now is not that high if you compared its value on the ATH moment of bitcoin. But even the price of bitcoin is low at the moment there is still some ways that you can do to become rich will the help of bitcoin. The ppl that become wealthy because they trust bitcoin's capability, they don't panic sell, they do there calculations, etc. But right now, there are so many TA showing up that bitcoin's price will increase and might reach another ATH or 22k.

People who are staying and continue investing already learned things like that. They are assuming that since there's a lots of news regarding to crypto bitcoin will rise and will try to reach new ATH. Though it's still speculations but believers who experienced those good things that happened last time the market turned to strong bull, will desire to experience the same thing and will keep holding till they see the pumped again.

[Tungsten-1]

No need to panic, the price of Bitcoin behaves perfectly. It seems to me that a little more and Bitcoin will overcome the price limit of 10 thousand dollars. Any asset always rises and falls in price. The increase cannot be eternal, nor can the fall. Enough panic, fasten your seat belts, maybe Bitcoin is going to the moon.

Even if we look at markets that deal with concrete assets, they suffer from bearish market as well. There are many scenarios where gold market went down. There is no market that can avoid volatility or prices. Since bitcoin market is based on the principle of volatility, we shall not fear this thing rather like successful traders make use of it for profits. For now, bitcoin is expected to reach 10,000 $ plus by December.

[supercanada1]

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

Even the price of bitcoin goes down there are still rich people because they not only hold bitcoin they also hold different cryptocurrencies. What do you mean bankrupt? it will totally become bankrupt if the price of bitcoin will go down to zero and as you can see the price of bitcoin is now slowly recovering so expect in the next few years all their losses will regain. Lastly, just wait and you can see how bitcoin will really go to the moon again and after that many people will become rich.

First of all, bitcoin is not going down and it does not plan to vanish ever. Secondly, the world of crypto currencies depend on bitcoin. All the altcoins have made to this day due to bitcoin. They literally have no chances of surviving without the king. Bitcoin is the backbone of digital market, the first digital coin which laid foundation of crypto coins. Bitcoin is they key to become rich.

[mdgabrielzim]

Speaking that no risk is wrong, in history we have cases of several countries that were the total bankruptcy along with its fiat (Venezuela and an example).

[Vishnu.Reang]

Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.

[panganib999]

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 a very volatile coin so itbwill surely go up and down from time to time since its stability depends on how much or strong it was being used and demanded in the market. And your claim is obviously baseless. You seems like one of those people who failed at handling bitcoin because of the impatience about the volatility, the type that would panic and sell things out out of high influence of emotions and now being pessimiastic over everything at the crypto space especially about bitcoin.

[Clement Kaliyar]

Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.

There is no point in selling the coins when you see the market going red and if you are an experienced trader you will understand that these volatility in the market is momentary and it will recover in the next few days. I have seen reports about the last rally that it was manipulated by a few players and some are claiming that the team behind Bitfinex is behind these manipulation, if you are a smart trader you will make a profit in any market situation.

[Memminger]

In Contrary to you point above, there are people who are still making good money from trading Bitcoin and crypto currency in general if you are not aware. Traders do make profit from both upward trend and a downward trend, expecially those who are good in trading crypto currency.

It seems many people do not know you can make money regardless of the direction the market moves, if you believe the market will go down then it is a good idea to short the market, a good trader does not need the price to go up he only needs the market to move at all, but I must say that shorting the market is a very high risk proposition in which only the most expert traders should engage since we know the tendency this market has to go up very rapidly by no apparent reason.

Going up with no apparent reason, the traders could easily spot out what’s happening may be because someone is manipulating it or too much hype that leads to fear of missing out. It is just a matter of teaching yourself about how to he a good trader by reading and listening especially to those expert trader then learn from actual experiences. You could start at a low capital just to get a grasp of how to trade and how the market moves. You should dedicate your time if you’re going for a short term since the market is very volatile.

[supercanada1]

Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.

You are damn right about this. A little decrease in the value provides haters with the chance to say nonsense about bitcoin and the market. FUD is indeed a normal thing for old investors for sure. If these coins have been able to make it till today, they are the future. Anyone who truly understands the potential of bitcoin and good altcoins, is safe and new comers should follow steps of bitcoin holders.

[hahay]

Basically when bitcoin goes down then that's when there are lots of people who will become new rich people because with falling prices they will buy more bitcoin and then will only be hold long term to become a new rich person when prices reach the moon later. This market is no longer something new so it is likely that the potential for the next increase will be even higher. So as long as there is progress being made then the fall in prices is not something scary because the market will continue to fluctuate until eventually it will reach the highest value.