bitcoin goes down, no new rich people anymore

[Blackdeath]

Bitcoin's price is still low that it has difficulties to increased it's value and reach it's price to 20k USD again, but it doesn't mean that bitcoin is not profitable anymore that it can't make new bitcoin user to get rich. It only just takes a long time for a new bitcoin user to earn good income from their investment, all they need is patience to wait for bitcoin's price to increased for them not to have any regrets from buying bitcoin.

[Oneandpure]

Bitcoin's price is still low that it has difficulties to increased it's value and reach it's price to 20k USD again, but it doesn't mean that bitcoin is not profitable anymore that it can't make new bitcoin user to get rich. It only just takes a long time for a new bitcoin user to earn good income from their investment, all they need is patience to wait for bitcoin's price to increased for them not to have any regrets from buying bitcoin.

Although bitcoin difficult reached above $20k I think many rich people never can't be stop because get profit on cryptocurrency not only from bitcoin but also come from altcoin investing, altcoin can increase higher price more than bitcoin with lower salary we can raise about 100% profit by investing on altcoin, for bitcoin you have much salary before investing with bitcoin assets.

[NewRanger]

Bitcoin's price is still low that it has difficulties to increased it's value and reach it's price to 20k USD again, but it doesn't mean that bitcoin is not profitable anymore that it can't make new bitcoin user to get rich. It only just takes a long time for a new bitcoin user to earn good income from their investment, all they need is patience to wait for bitcoin's price to increased for them not to have any regrets from buying bitcoin.

Although bitcoin difficult reached above $20k I think many rich people never can't be stop because get profit on cryptocurrency not only from bitcoin but also come from altcoin investing, altcoin can increase higher price more than bitcoin with lower salary we can raise about 100% profit by investing on altcoin, for bitcoin you have much salary before investing with bitcoin assets.

rich people will not created from bitcoin price only. In cryptocurrency market we see many ways to earn profits , for example if we have skill in mining and analizing coins we could start build our own rig. It also will give us huge earning. Another way , we could trading altcoin . there are more than 3000 altcoin in market , and if we could pick best of them i am sure we will earn much profits.

[ningrum]

Currently the price of Bitcoin is quite good and not too down, Bitcoin is indeed a correction but the corrections are not too deep, I hope there is no continuous correction and Bitcoin will go up soon. Circumstances like this are great for taking advantage if you're trading in a short period of time, such as weekly trades for example.
To be rich from crypto  you have to be smart to take advantage of the current situation, don't let your guard down and miss the moment when we have to buy and when to sell.

not too deep? look bitcoin down too deep now, all the support for Bitcoin to back bull has passed,
it will end badly in my opinion, I don't know how the next bitcoin is going until the market is completely calm

[enwi]

yeah ... now the price of bitcoin is down when compared to 2 years ago when the price of bitcoin went up very high and many people are getting rich, but if they want to be patient maybe there will be rich people again

[DevilSlayer]

Yes, whales (rich people) are currently dumping cryptocurrencies in exchange markets. Almost all cryptocurrencies are falling by -5%, some of them have already dropped by -10%. Perhaps this is a good opportunity to buy BTC coins in the current dip at the price of $7600, although it may decline slightly. In my opinion, after the mining reward is halved, Bitcoin will cost at least $6500, because large BTC holders want to maintain mining difficulty at a high level to prevent a possible successful 51% attack on the network.

Whales are the one who manipulating the market because they posses large amount of bitcoins. The bitcoin goes down again and manipulation is one of the factors. Whales are making money in swing high and swing low of the bitcoin.

[cutesgirl]

Have tired waiting for bitcoin when come back above $16k many investor have move their investment from crypto, I think is possible disappointed with bitcoin investing because they have lost much money with bitcoin where buy price above $15K last 2017, right now bitcoin have down and no new rich people by investing with bitcoin and altcoin but still available become rich person by investing on real estate or gold investment.

[marcous]

Many people were already rich from Bitcoin when 2017 I guess. because last year was very different from now. where we realize Bitcoin on the market today is so much manipulation with fake news also pros and cons that make the price of Bitcoin crashes quickly.  it's the time for traders and investors to be careful in managing investments in Bitcoin.

[Vishnu.Reang]

When bitcoin below $5k many people become poor, how many time bitcoin always have lower price but why can't back to higher price again, what problem faced by bitcoin ?

Bitcoin is a very volatile asset and it may go up or down by as much as 20% in a single day. The thing to remember here is that you are not incurring a loss until you sell your coins. And another thing to remember is that panic selling is not advisable at any point of time. My take is that we need to wait for some more time, to get the optimal prices for our coins.

[huige007]

Bitcoin's price is still low that it has difficulties to increased it's value and reach it's price to 20k USD again, but it doesn't mean that bitcoin is not profitable anymore that it can't make new bitcoin user to get rich. It only just takes a long time for a new bitcoin user to earn good income from their investment, all they need is patience to wait for bitcoin's price to increased for them not to have any regrets from buying bitcoin.

Although bitcoin difficult reached above $20k I think many rich people never can't be stop because get profit on cryptocurrency not only from bitcoin but also come from altcoin investing, altcoin can increase higher price more than bitcoin with lower salary we can raise about 100% profit by investing on altcoin, for bitcoin you have much salary before investing with bitcoin assets.

rich people will not created from bitcoin price only. In cryptocurrency market we see many ways to earn profits , for example if we have skill in mining and analizing coins we could start build our own rig. It also will give us huge earning. Another way , we could trading altcoin . there are more than 3000 altcoin in market , and if we could pick best of them i am sure we will earn much profits.

But if we look at the millionaires of this industry, they are bitcoin holders. Only bitcoin has given us young rich guys. Most of them simply achieved their present status by investing in bitcoin when the prices were low. There was a time when bitcoin was available for almost ten dollars. Earlier birds were luckiest ones. Coming towards altcoins, only few can return profits and that too not as big as of bitcoin.

[onrise]

When bitcoin below $5k many people become poor, how many time bitcoin always have lower price but why can't back to higher price again, what problem faced by bitcoin ?

Consider it as a buying opportunity as when people had bought at 3.5 k and sold at 9 or 10k people have already made good money with this rise and not a real complain ideally one should do it because each fall is a good buying time .

[TIDOVEE]

Those who became poor are actually those who do not have enough before, those very rich people may feel the dump as market may not move so well as expected but they are still richly taking advantage of the time to buy and store coin. This period is seized by the rich to conserve resources codedly for the future.

[kro55]

omg, almost got heart attack when I saw your thread's title because 1 hour ago price was well. Why did you create this thread? According to coindeks, bitcoin has +1% rise as for now, so why do you discuss about thing that's not happening now? Bitcoin doesn't go down, if it was going in past, that's a whole different subject and similar threads were alrrady opened at times when it was really happening.

Maybe for the sake of creating a post without sense, if we compare the price it really a better one compare to the price way back couple of months that is playing around 3500$. Also it is good for creating a profit because the movement of value really helps the trader to had a profit.

The current scenario was heading up and it is obviously a good sign for us to become one of the newest millionaire who patiently keep optimist and determined to engage positivity for every shortcoming that market has filled off. People who hold their asset as this time will claim massive profits and became successful for their investments. So I prefer to wait more time until it will hit the desirable peak.

Those who the courage to buy when everything is red for months are the ultimate winners. I dont know when people will understand that to be millionaire you have to buy in current bearish market. Current bearish market is giving opportunity to become a millionaire but not all are wise enough.

[Searing]

omg, almost got heart attack when I saw your thread's title because 1 hour ago price was well. Why did you create this thread? According to coindeks, bitcoin has +1% rise as for now, so why do you discuss about thing that's not happening now? Bitcoin doesn't go down, if it was going in past, that's a whole different subject and similar threads were alrrady opened at times when it was really happening.

Maybe for the sake of creating a post without sense, if we compare the price it really a better one compare to the price way back couple of months that is playing around 3500$. Also it is good for creating a profit because the movement of value really helps the trader to had a profit.

The current scenario was heading up and it is obviously a good sign for us to become one of the newest millionaire who patiently keep optimist and determined to engage positivity for every shortcoming that market has filled off. People who hold their asset as this time will claim massive profits and became successful for their investments. So I prefer to wait more time until it will hit the desirable peak.

Those who the courage to buy when everything is red for months are the ultimate winners. I dont know when people will understand that to be millionaire you have to buy in current bearish market. Current bearish market is giving opportunity to become a millionaire but not all are wise enough.

Yep! That is the way BTC has worked since I got into this in 2013. Every major crash you were better off in HODL mode or selling stuff out of the attic on eBay and buying as much as

possible. I dumped $2k into BTC a couple of days ago at around $7.5K. I figure it is  due to miner capitulation with the majority of miners gonna fall off the difficulty cliff (60% IMHO) being

Bitmain s9's or equivalent units. Thus with halving coming up next year, figure it is more of the same. So my mental 'framework' is all BTC I buy now will eventually, someday, get back

to $10k BTC. If not I should have sold my BTC hoard now and missed it, thus not sweating any 'dust' amount of BTC I'm buying at this price dump of BTC.

Again, if we NEVER go back to $10k BTC, IMHO, all of BTC/Crypto as it exists now is doomed anyway, to have some kind of adoption in the world it at least has to get to $10k BTC

IMHO or adoption and use will stagger to a halt and the BTC/Crypto NON-government currencies are doomed. So wtf, its only money, right? So it is treating this as a 'buy' opportunity

as in the past, or I should sell the works now for $$$. Not going to do that, so buying now. Put up or Shut up, don't ya know.

Anyway, how my feeble mind is rationalizing buying as much BTC dust as possible on this down leg in price, it too shall pass! (knock wood)

Bitcoin: Always Drama!

later

Brad

[Polo7]

If btc goes down more then more investors will join in.
But not more investors but just Old the same investors with bigger Capital.





But Take a look the FED and eu Central bank... And australian bank they have printed massive ammount of money! 

The money must end Up somewhere

[Silberman]

Have tired waiting for bitcoin when come back above $16k many investor have move their investment from crypto, I think is possible disappointed with bitcoin investing because they have lost much money with bitcoin where buy price above $15K last 2017, right now bitcoin have down and no new rich people by investing with bitcoin and altcoin but still available become rich person by investing on real estate or gold investment.

No offense but while it is true that you can make profits with real estate or gold that is going to take you decades if you want to obtain results that are similar to what you can get in this market, if you had bought bitcoin at 3000 you could have sold it for at least three times that amount just a few months later, can you obtain that in the real estate market or with gold? And even if you could this particular year has not as being as good as some of the previous ones so it is likely that during the next years we will obtain even bigger profits.

[cutesgirl]

Many people were already rich from Bitcoin when 2017 I guess. because last year was very different from now. where we realize Bitcoin on the market today is so much manipulation with fake news also pros and cons that make the price of Bitcoin crashes quickly.  it's the time for traders and investors to be careful in managing investments in Bitcoin.

Every one have invest before 2017 in bitcoin or altcoin become rich people but for investor begin buy bitcoin after 2017 have been poor because price bitcoin down extremely, they have small chance to get much profit with three years after bitcoin raise up above $15k until today bitcoin still down and always with lower price, not chance to get new rich person right now with bitcoin and altcoin price still down.

[owengtam09]

When bitcoin below $5k many people become poor, how many time bitcoin always have lower price but why can't back to higher price again, what problem faced by bitcoin ?

Consider it as a buying opportunity as when people had bought at 3.5 k and sold at 9 or 10k people have already made good money with this rise and not a real complain ideally one should do it because each fall is a good buying time.

That's true, but to those who buy when the price is at $18k and now the price is lower than $9k are now get lost, they lost their capital because they are thinking that the value of bitcoin will increase more but it didn't happen so that a lot of investors turn their back to bitcoin that is also the reason why the bitcoin value dump even more and more.

[Visbay]

Many people were already rich from Bitcoin when 2017 I guess. because last year was very different from now. where we realize Bitcoin on the market today is so much manipulation with fake news also pros and cons that make the price of Bitcoin crashes quickly.  it's the time for traders and investors to be careful in managing investments in Bitcoin.

Every one have invest before 2017 in bitcoin or altcoin become rich people but for investor begin buy bitcoin after 2017 have been poor because price bitcoin down extremely, they have small chance to get much profit with three years after bitcoin raise up above $15k until today bitcoin still down and always with lower price, not chance to get new rich person right now with bitcoin and altcoin price still down.

This is a crypto world so we must be ready to face price rise and fall. In 2017 price rise up to a huge extent and it made a lot of investors because of huge price but then many people sold their coin at that time so price did not rise that huge again so people are little hopeless now but I think they should wait I am sure good time will surely come after few years.

[Polo7]

I think btc is too expensive.
No new investors no new Capital.
All this institutional money and hype... But the Reality is capital is Not in crypto.

If no new investors ponzi scheme Will collapse.
Halving is Not pushing Up btc Price If the capital Not invested and If there is no signifant need for btc


Btc was needed years ago by black market...

Now what is the btc purpose?