bitcoin goes down, no new rich people anymore

[Savemore]

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.

2017 is the year of the cryptocurrencies where there are high flyers and parabolic movement. In that year there are a lot  of cryptocurrencies that achieved ath but now the market is bear and most of the people are still hoping that their coin will go up again. I let go all of my coins because for me there are still a lot of opportunities. I'm a day trader and there are a lot of opportunities that I can get from it.

[1714848507]

1714848507

[asus09]

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.

2017 is the year of the cryptocurrencies where there are high flyers and parabolic movement. In that year there are a lot  of cryptocurrencies that achieved ath but now the market is bear and most of the people are still hoping that their coin will go up again. I let go all of my coins because for me there are still a lot of opportunities. I'm a day trader and there are a lot of opportunities that I can get from it.

although many other chance investing on crypto like invest with altcoin, ICO and IEO I think not give opportunity to get much profit because bitcoin price keep down and have lower price, altcoin and many investing other project in crypto depend with bitcoin price, when bitcoin down many site investing project like IEO and ICO have lower price and keep down.

[Polo7]

The Problem is very simple! 

There is no any new investors who will invest into bitcoin.


Only Thing what can help us If the usdt usdc pax or other coins will be minted! 

[yehestielsiburian]

It doesn't matter,if you are really trader you will have thousands ways to not lose, dan I'm sure bitcoin will be go to the moon later, I'm very optimistic about bitcoin.
The times will help increase the price of bitcoin.

[boris singer]

what caused bitcoin to enter $ 10k a few months ago is inseparable from the influence of Bakkt, and what followed was an instant effect of premature price increases. It needs to be re-thought that to bring in new investors, more affordable prices are needed as a lighter. what is called the new rich are those who patiently buy assets from the lowest price, and not those who enter when the trend begins to reverse.

[Searing]

what caused bitcoin to enter $ 10k a few months ago is inseparable from the influence of Bakkt, and what followed was an instant effect of premature price increases. It needs to be re-thought that to bring in new investors, more affordable prices are needed as a lighter. what is called the new rich are those who patiently buy assets from the lowest price, and not those who enter when the trend begins to reverse.

My fear is that BTC does not have enough adoption happening vs HODL and Whales. In other words the ATH was like 18k then went down to 3.8k or some such. This last round the

high was 13k and dumped to around 6.8k. Well, assuming adoption is not keeping up and the miner capitulasation that we have with miners and halving coming up. We could

potentially 'hover' around 4k BTC again after it all settles out.

Not saying this is gonna happen, but it seems whenever we got around 10K or more a lot of HODL'ers dumped coin..I would hate to see this trickle down effect continue

over the next hear until halving.

Anyway, fears are many with BTC/Crypto..that is my concern.

Brad

[Polo7]

If the BITCOIN NOT GOOD AT THIS MOMENT


Its GOOD time to invest in other coins!
Some coins Volatility is around 20% Up/down in 24h by the time When bitcoin Will be back we Can just play with other coins!

[dimox]

its not depend on bitcoin price, as long as you can take the advantage from crypto, like trading, investing, or maybe mining, you can be rich. what you need is hardwork.
i think, what you mean is no new rich people instantly.

[Silberman]

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.

There is not really a lot of people that bought at 18000, to begin with that is very the close to the top of the bubble in which many investors began to realize that the price of bitcoin was simply too high and it was time to get out of the market, also I really don't think that they kept holding their coins until the price went all the way down to 3000 because those people were not really long term holders they wanted fast profits, then is more likely to think that they sold their coins after bitcoin lost a few thousand dollars.

[Rana590]

We should not be worried about the price. Price can up or down as it is the rules of crypto currency. We should wait for pump the price. Don't be panic at the time of falling price.

[TitanGEL]

People are keep ranting and worrying about the price of the bitcoin, they doing that because they stuck their where their portfolio are negative. They did not cut loss their positions and it is the reason why they still hoping for pump. Most of them do averaging down and for me it is not good strategy.

[bitbunnny]

I know there are some disappointed users who thought that Bitcoin will give them opportunity to get rich over night in a easy way. Reality is not that simple and maybe only early adopters who kept their Bitcoins long enough we can call rich people. But they are only few and there is no need for dreaming of.impossibe.
Bitcoin still gives opportunities for decent profit as long as you have realistc goals and know how to trade and invest smart.

[ancafe]

I know there are some disappointed users who thought that Bitcoin will give them opportunity to get rich over night in a easy way. Reality is not that simple and maybe only early adopters who kept their Bitcoins long enough we can call rich people. But they are only few and there is no need for dreaming of.impossibe.
Bitcoin still gives opportunities for decent profit as long as you have realistc goals and know how to trade and invest smart.

yes, apart from that, it seems like many people think that falling prices for bitcoin make crypto users poor. Well, I just want to clarify that it's an opportunity for those who are late for the train. many people speculate that prices will be high, and when that happens, I believe that a lot of bitcoin holders will become new riches. Most people are just impatient and want instant results

[drlukacs]

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

Yes, this has happened to veteran traders in this market. Many people were fascinated by fomo and led them into a spiral of heavy losses. someone I know, made a million dollars from the crypto market in 2017 but 2018 made him lose over $ 1 million. Therefore, we need to have in-depth knowledge and solid psychology before the storms of the crypto market. People who are not alert enough will quickly become poor in a short time. So this is the perfect time for us to learn more about financial markets.

[Oneandpure]

Almost a year without new rich people because bitcoin price still down and have impact to altcoin keep stay with lower price, many time bitcoin look lower price and never once time we can see bitcoin keep stable with higher price, without bad news but bitcoin can raise to higher price and look have control with bitcoin to keep down and not go back to higher price.

[Polo7]

Cryptocurrency trading is working pretty much same way as stock market

There is FUD and FOMO.
FUD is used against newbies and small players like this:

Btc price goes 10 k.  We Will read about GOOD news and big FOMO... Then suddenly it Will drop to 7000 usd. 

[Kambal2000]

Cryptocurrency trading is working pretty much same way as stock market

There is FUD and FOMO.
FUD is used against newbies and small players like this:

Btc price goes 10 k.  We Will read about GOOD news and big FOMO... Then suddenly it Will drop to 7000 usd. 

That's the advantage and disadvantage of crypto market and it depends on us how we are going to embrace and to accept and take this for granted, if you are really investor and knows what you are doing then for sure you are benefiting from it that most whales are doing, so we should be very cautious and think well with our actions, make sure we are making the right decisions in order for us to get rich someday, let's not be manipulated by whales, just go with the flow.

[meliodas]

Cryptocurrency trading is working pretty much same way as stock market

There is FUD and FOMO.
FUD is used against newbies and small players like this:

Btc price goes 10 k.  We Will read about GOOD news and big FOMO... Then suddenly it Will drop to 7000 usd. 

That's the advantage and disadvantage of crypto market and it depends on us how we are going to embrace and to accept and take this for granted, if you are really investor and knows what you are doing then for sure you are benefiting from it that most whales are doing, so we should be very cautious and think well with our actions, make sure we are making the right decisions in order for us to get rich someday, let's not be manipulated by whales, just go with the flow.

If we will just go with the flow then we are letting the other people especially the whales to manipulate our emotions by creating different market scenarios. We should not go with the flow and we should instead try to see the market at a bigger picture so we can have an idea on what should we really do in order to take advantage of the current situation.

[huige007]

its not depend on bitcoin price, as long as you can take the advantage from crypto, like trading, investing, or maybe mining, you can be rich. what you need is hardwork.
i think, what you mean is no new rich people instantly.

If you have the skills you can make money with trading and that means you need to invest in the market, mining is a heavy investment thing and it is not that easy to invest in mining unless you have the resources and the space and you need to invest a huge amount of money if you are planning to invest in mining bitcoin and you cannot expect to get rich instantly with any market.

Mining is no doubt the dream job of crypto holders because it brings the most benefits but to accomplish this, a person needs to either have a quantum computer or a great mine of electronic devices that actually do this job. First these tools need to be bough, then configured and a cooling environment needs to be set up too to keep them calm, which eventually gives huge electricity bills.

[ilovealtcoins]

what is this all about?
sarcasm?
it's quite rude anyway.
Anything that go up too fast, will soon corrupt as fast.
and I don't think cryptocurrency is one of them, cause after 90% lose compare ATH, but still some value left, and I think from now on, the real value will go on, continue to define the truth what it be, this kind of tech is really have potential to change the world, or at least, it's application will widely spread.