bitcoin goes down, no new rich people anymore

[Jiyens3]

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 you alright. many people get bankrupt, it makes hundreds of people i think they are leave crypto world  and move to offline jobs. beside that they are dissappointed with the market now bitcoin price for the right now. yeah cryptocurrency is unpredictable so profit and get rich suddenly or lose their fund and get bankrupt is normally things

[julius caesar]

It might open another opportunities to those people who loves trading. All they need to do is to try to have some bitcoin while the price of it is currently low. After that, sell it when the price of it became high. With that note, you will be able to gain profit since you bought it when the price of it is low and then sell it when the price of it is high.

[huige007]

I think you're talking about people who had invested when it was all time high and trying to hold their way through these dumps. I don't think any rich people are investing at this level.. they have already invested in the low dumps of 3k$ and they have become richer.

Investing into bitcoin at any price keeps you in the list of those who are going to earn some good profit. One thing is sure about bitcoin that it does increases in value after every almost a year and in between it shows some fluctuations as well to give people chances of making small profits. I believe rich are actually those people who literally invest into bitcoin at damn low prices and sell it during hard pumps.

[iamsheikhadil]

Lol, why would anyone be bankrupt by investing in a currency which is so volatile and is bound to go back up as the demand increases and supply becomes shortage day by day so holding would be the best option rather than to sell at a loss fot the investors.

[ChronoLite]

In around a year or two there will be a full on bull run again like we had during/after the previous bitcoin halvings.

did you actually check the price when it was halving dude? there is no difference between pre-halving and post-halving the price was still remain the same as far as i know, there was no actually significant movement on that day. look at the graph before actually talking.

When bitcoin goes to the new all time high again, there will be a period of a few months when we see everyone making money out of longs again doesn't matter where they buy in. And after that there will be rekt people again who will long the top and the cycle will repeat.

don't know what do you mean by that

[Desscount]

There is no new rich people because we haven't seen the next full bull cycle yet. In around a year or two there will be a full on bull run again like we had during/after the previous bitcoin halvings. When bitcoin goes to the new all time high again, there will be a period of a few months when we see everyone making money out of longs again doesn't matter where they buy in. And after that there will be rekt people again who will long the top and the cycle will repeat.

just waiting for the time alone, I'm sure Altcoin can go up 2-4x,
all hope that the dominance of bitcoin soon decreases, because that's what makes altcoin can go up

[Triffin]

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

No matter, did you forget BTC price down from 19k to 3.5k last year! i think not. So sometime market will up and sometimes down, there is nothing to heart attack hear. Those who want to invest here have to more patience as market is too much volatile

Yes for taking good profit you need to have good patients and when you have no abilities of patients then I think gaining the good profit from crypto currencies is very hard, and yeah you right the crypto market is so volatile no need to be worried about your investment so now the market is going to increase and all thing will be gonna to fine.

[Kevondo]

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

No matter, did you forget BTC price down from 19k to 3.5k last year! i think not. So sometime market will up and sometimes down, there is nothing to heart attack hear. Those who want to invest here have to more patience as market is too much volatile

Yes for taking good profit you need to have good patients and when you have no abilities of patients then I think gaining the good profit from crypto currencies is very hard, and yeah you right the crypto market is so volatile no need to be worried about your investment so now the market is going to increase and all thing will be gonna to fine.

Patience is the key to success in the world of crypto currencies because currencies take time to increase and decrease in value. There is no way that any coin will increase within day in value. It is a gradual process and patience is important because most of the times people because of impatient nature, give up on coins just a couple of days before the massive increase in values and suffer from huge losses then.

[wack slacker]

There will still be new rich people. They are margin traders, not coin holders. Take a look at bitmex top deals and top profits. If we lose money, someone will make money from us. When the whole market has gone down to a record low the sharks will actually plunge into foraging. I call it bottom fishing, this market with lots of money will make more money and we're just fat anchovies for them.

[doomloop]

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

No matter, did you forget BTC price down from 19k to 3.5k last year! i think not. So sometime market will up and sometimes down, there is nothing to heart attack hear. Those who want to invest here have to more patience as market is too much volatile

Yes for taking good profit you need to have good patients and when you have no abilities of patients then I think gaining the good profit from crypto currencies is very hard, and yeah you right the crypto market is so volatile no need to be worried about your investment so now the market is going to increase and all thing will be gonna to fine.

Patience is the key to success in the world of crypto currencies because currencies take time to increase and decrease in value. There is no way that any coin will increase within day in value. It is a gradual process and patience is important because most of the times people because of impatient nature, give up on coins just a couple of days before the massive increase in values and suffer from huge losses then.

Apart from being patient, one has to be vigilant as well. One shall have good command over nerves and must be able to manage stress. People usually out of panic take wrong decisions of buying and selling. For such people, it is good that they don’t visit market on daily basis and even if they do, select one hour only in a whole day to do so. The more time they spend watching prices changing, the more they panic.

[judaspriest]

There is no new rich people because we haven't seen the next full bull cycle yet. In around a year or two there will be a full on bull run again like we had during/after the previous bitcoin halvings. When bitcoin goes to the new all time high again, there will be a period of a few months when we see everyone making money out of longs again doesn't matter where they buy in. And after that there will be rekt people again who will long the top and the cycle will repeat.

the key is in halving bitcoin this year, if halving has an impact on prices we will see history repeat itself, of course patience will produce results, and don't forget risk, always use wise strategies  

[Savemore]

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

No matter, did you forget BTC price down from 19k to 3.5k last year! i think not. So sometime market will up and sometimes down, there is nothing to heart attack hear. Those who want to invest here have to more patience as market is too much volatile

Yes for taking good profit you need to have good patients and when you have no abilities of patients then I think gaining the good profit from crypto currencies is very hard, and yeah you right the crypto market is so volatile no need to be worried about your investment so now the market is going to increase and all thing will be gonna to fine.

Patience is the key to success in the world of crypto currencies because currencies take time to increase and decrease in value. There is no way that any coin will increase within day in value. It is a gradual process and patience is important because most of the times people because of impatient nature, give up on coins just a couple of days before the massive increase in values and suffer from huge losses then.

Apart from being patient, one has to be vigilant as well. One shall have good command over nerves and must be able to manage stress. People usually out of panic take wrong decisions of buying and selling. For such people, it is good that they don’t visit market on daily basis and even if they do, select one hour only in a whole day to do so. The more time they spend watching prices changing, the more they panic.

The 100 moving average is now becoming a support, if the price surpass the 200 moving average then the bearish trend will finally over. The price is no recovering, it is a tough months of bearish trend. I'm glad to say that we manage to survive despite of the obstacles and challenges that we are facing. We handled the risks before, I am sure that the price of the bitcoin will now increase because of the uptrend.

[Omega Weapon]

There is no new rich people because we haven't seen the next full bull cycle yet. In around a year or two there will be a full on bull run again like we had during/after the previous bitcoin halvings. When bitcoin goes to the new all time high again, there will be a period of a few months when we see everyone making money out of longs again doesn't matter where they buy in. And after that there will be rekt people again who will long the top and the cycle will repeat.

What those people are not understanding is that those that eventually become wealthy through cryptocurrencies harvest their profits on the bull run but they sow those profits when the market is flat or when it is going down, if anyone is trying to become rich when the price of bitcoin is already in the middle of a bull run then that person will be lucky to get any profits, the ones that really make money are those that invest when the market seems to be doing nothing for a long time.

[Visbay]

There is no new rich people because we haven't seen the next full bull cycle yet. In around a year or two there will be a full on bull run again like we had during/after the previous bitcoin halvings. When bitcoin goes to the new all time high again, there will be a period of a few months when we see everyone making money out of longs again doesn't matter where they buy in. And after that there will be rekt people again who will long the top and the cycle will repeat.

What those people are not understanding is that those that eventually become wealthy through cryptocurrencies harvest their profits on the bull run but they sow those profits when the market is flat or when it is going down, if anyone is trying to become rich when the price of bitcoin is already in the middle of a bull run then that person will be lucky to get any profits, the ones that really make money are those that invest when the market seems to be doing nothing for a long time.

You are right we take advantage of the fallen market and never get worried about situations change, profit from crypto matters on persons thinking and planning as if we will plan well to buy at the dip and sell high it will be a good strategy. Being rich does not mean to get a high market all the time but it means to get an opportunity for buying a low price then profit depends on us that how long we keep waiting without panic selling.

[Omega Weapon]

There is no new rich people because we haven't seen the next full bull cycle yet. In around a year or two there will be a full on bull run again like we had during/after the previous bitcoin halvings. When bitcoin goes to the new all time high again, there will be a period of a few months when we see everyone making money out of longs again doesn't matter where they buy in. And after that there will be rekt people again who will long the top and the cycle will repeat.

What those people are not understanding is that those that eventually become wealthy through cryptocurrencies harvest their profits on the bull run but they sow those profits when the market is flat or when it is going down, if anyone is trying to become rich when the price of bitcoin is already in the middle of a bull run then that person will be lucky to get any profits, the ones that really make money are those that invest when the market seems to be doing nothing for a long time.

You are right we take advantage of the fallen market and never get worried about situations change, profit from crypto matters on persons thinking and planning as if we will plan well to buy at the dip and sell high it will be a good strategy. Being rich does not mean to get a high market all the time but it means to get an opportunity for buying a low price then profit depends on us that how long we keep waiting without panic selling.

Just take a look at what it is happening in the market right now, there are many that want the price of bitcoin to go above 9000 and most likely they bought just a few days ago, but those that were smart bought when bitcoin was below 7000 and by now they have profits between 25% to 35% in just a few weeks while those that bought recently are hoping they will get some profits, that is the difference, those that bought weeks ago do not really care if the price keeps going up or not they are already obtaining profits and that is enough for them.