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.
Topic: bitcoin goes down, no new rich people anymore (Read 3797 times)
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.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. 
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
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 
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
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.
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
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
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
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
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.
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. 
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.
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 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
I think people get rich depending on how they try to make it happen, even though the price of bitcoin is down right now, but actually I think the price of bitcoin is still high, so if you can read the market opportunity well then you can still get rich
The opportunity of getting rich is not zero.
There are a lot of opportunities to become rich, Bitcoin is just one of them. Always remember that the only one that will make us rich is ourselves. We need to educate ourselves, we should not stick with one investment if we want to get rich, but also remember that we should be not be so greedy on investing since that will also be your downfall.
I think people get rich depending on how they try to make it happen, even though the price of bitcoin is down right now, but actually I think the price of bitcoin is still high, so if you can read the market opportunity well then you can still get rich
The opportunity of getting rich is not zero.
There are a lot of opportunities to become rich, Bitcoin is just one of them. Always remember that the only one that will make us rich is ourselves. We need to educate ourselves, we should not stick with one investment if we want to get rich, but also remember that we should be not be so greedy on investing since that will also be your downfall.
If the SEC allows trading Bitcoin-ETF, then the cryptocurrency industry will pour really big money. The growth will be an inevitable phenomenon. Just do not forget about the approaching halving. When people stop resting for the Christmas holidays, I think there may be a gradual increase in Bitcoin due to this upcoming event.
It might be difficult for bitcoin to be approved by the SEC because we all know that the ETF request has been submitted a lot of times already and the SEC keeps on declining it. With or without the ETF, bitcoin can still rise and dominate the world and that is through spreading the application of blockchain technology. 
If the SEC allows trading Bitcoin-ETF, then the cryptocurrency industry will pour really big money. The growth will be an inevitable phenomenon. Just do not forget about the approaching halving. When people stop resting for the Christmas holidays, I think there may be a gradual increase in Bitcoin due to this upcoming event.
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