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Topic: bitcoin goes down, no new rich people anymore - page 12. (Read 3797 times)

hero member
Activity: 756
Merit: 507
sad, but true!
And those were the times, when half of youtube channels were filled with clips, where young man bought for yourself new lambo, remember?  where are those lambos now?  Grin and those rich young people? rhetoric questions..  funny thing is, that when comes this so called bad times, there would be persons, who will make huge money on such low market.
and they would become a rich people

legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
People needs to realize that Bitcoin is not some magic potion which will create tens of thousands of new billionaires every year. Every asset has the potential to make people filthy rich, in case they invest in the beginning. The best example is that of the dot com boom. Those who invested in the beginning (1994/95) in stocks such as DELL and YAHOO saw their investments grow by 100x or in some cases even 1,000x. But those who invested in the end (1999/2000) lost almost all of their investment and ended up as bankrupt.

In case of Bitcoin it is very difficult to predict whether the peak prices have been already achieved or they are yet to come. But I would say one thing. We can no longer expect 100x or 200x spike in the prices, like what we had in 2013. Bitcoin has already grown to more than $100 billion in market cap, and any future spikes will be milder when compared to the previous ones.
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
When bitcoin go down no rich people anymore but many poor people with investment money in bitcoin, for me its not have to worried with bitcoin still lower price because bitcoin can back to higher price again just few months later, you can use maximum chance with bitcoin on lower price to start investing again with bitcoin.
sr. member
Activity: 1071
Merit: 253
In my own point of view, if bitcoin started to goes down it doesn't mean that there will be no new rich people because not everyone become rich are just from investing in bitcoin and crypto. But it's true that a lot of people become rich because of bitcoin, even i solved my financial problems with the help of bitcoin that i don't have any problems in paying all of my bills today thanks to it.
Indeed, that is true. Bitcoin has given world new millionaire and only this crypto currency was capable of achieving this. If bitcoin is anything, it is nothing other than financial improvement and huge gains within a small period of time. For this e people who think that it is done and cannot grow, they should do some research before making such predictions or else just sit behind and watch it progressing.
sr. member
Activity: 630
Merit: 265
In my own point of view, if bitcoin started to goes down it doesn't mean that there will be no new rich people because not everyone become rich are just from investing in bitcoin and crypto. But it's true that a lot of people become rich because of bitcoin, even i solved my financial problems with the help of bitcoin that i don't have any problems in paying all of my bills today thanks to it.
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
Don't worry, rich people will remain rich and poor also will remain poor, and this is the nature of the economic system. But when the price is low then don't you think that the rich in this platform is sitting idle, they are waiting for this moment and they are collecting Bitcoin at a low rate and when the market jump out then they will sell at a high price, this is one of the simple tricks for rich people. it's not a surprising matter for me when I see the price of Bitcoin is going down, Volatility is becoming the nature of the cryptocurrency platform so it's getting a common scene that people are losing and gaining within a very short time. So don't laugh at when people in danger, Who knows when this turn on you...?
sr. member
Activity: 1078
Merit: 354
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

I don't know why anyone would start a thread specifically to laugh at other people. Perhaps you yourself invested at a bad time and want to take out your frustrations on other people?
I feel sorry for those who invested in good projects but at a bad time, but I think they should be confident that their coins will recover and they will see profit. People who bought Bitcoin at $20k, people who bought Ethereum at over $1k... these are very solid projects with a huge future, there is no need to panic if you are holding for the long-term.
hero member
Activity: 1498
Merit: 586
i think people don't lose hope but indeed for situations like this we are required to be patient, if we value the process, it will definitely be calmer in dealing with all conditions. not an easy one but we can get adapt to it from now on
Yes indeed ! We may be sad or sometimes we lose hope but we stand again and waiting for the bitcoin to rise again. Many people become rich because of bitcoin, therofore they are already prepared when somethings happen, when bitcoin goes down again. It is normal and we must endure that
full member
Activity: 403
Merit: 100
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, but it is not entirely true. In my country, some people made a lot of money at trade or bounty in 2017, they withdrew money to buy land and didn't hold coins anymore. most of the people around me are because they believe that a market based on manipulation will have a bad ending.
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
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

It is an opportunity to buy at lesser price. If you have been to crypto for a few years now or even before the bull market, then welcome to the real crypto market cycle. If you think that crypto is just about the increase in the market price, than crypto is not for you.
sr. member
Activity: 1344
Merit: 270
Rich person have stop for a while because bitcoin still down and there are no show off from bitcoin earning, but keep hold your bitcoin because just few month later bitcoin back to higher and fantastic price, don't worry you will get much profit if keep patient for holding your bitcoin assets waiting for raise up above $15K.
sr. member
Activity: 1246
Merit: 255
Should it be because of the rich people that are investing increasingly in Bitcoin? Well, it may be part, but your chat has revealed there is a constraint that needs to be overcome. Everyone still have good chances of making it out of the status quo, but not out of greed. With little patience and good sensitivity to the market.
full member
Activity: 462
Merit: 100
      That's not an issue..well bitcoin suddenly down, but most of the time, bitcoin would really want to up or to increase and I know it.
      Some part of it, its not an easy to push your self to become a rich, there's a chance to have it when your really work hard to get this.
legendary
Activity: 2982
Merit: 1028
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

I don't believe it, because even market is falling down, still  we keep on fighting because we have still a chance to earn money here. And there are lots of people still here because they found out there's a lot of opportunities here to have income and profit. Still this is my life to have income and savings for the coming price increase everyone is benefiting the good future of bitcoin. So still l saw rich people here in bitcoin world.
There's always a chance for people who wanted to continue its journey inside this market. It's no longer that easy, like what happened last 2017 where when you are lucky, you'll be able to be rich in one blast as many alts aside from bitcoin really pumped that hard. Right now, you have to work hard if you still wanted to earn out from this industry.

Not an easy passage to richness, but still can be a good venue to invest your money and succeed  with decent benefits.
full member
Activity: 674
Merit: 101
I am hired and not own by any Team!
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

I don't believe it, because even market is falling down, still  we keep on fighting because we have still a chance to earn money here. And there are lots of people still here because they found out there's a lot of opportunities here to have income and profit. Still this is my life to have income and savings for the coming price increase everyone is benefiting the good future of bitcoin. So still l saw rich people here in bitcoin world.
hero member
Activity: 3010
Merit: 629
If you really know how to move and play along in this market, in whatever market situations we are in (bullish/bearish), no doubt that you can still make yourself rich, assuming you have a big capital to spend in the market to begin with. But it seems that people here doesn't have the patience, or no longer interested when the market is in a bearish trend. But remember that this market never rest, so as traders or speculators you should also take advantage of every situation to make a profit, it doesn't matter if it's just a small percentage, it's the total accumulation that counts.
Indeed there's a way to take advantage the market regardless if it is bearish or bullish, its just depend on our strategy.

For this year btc managed to recover from 3000$ to 10000$ currently so if you buy btc early of this year (like what I did) you probably earn by this time. But the situation is different when it comes to altcoins because alts are struggling and only those who can bear the situation has a chance to gain if ever alts recover.

If you know how to deal with your investment then you can think of way to not stay negative and become patient to wait for the right chance to take profit.
legendary
Activity: 3080
Merit: 1353
If you really know how to move and play along in this market, in whatever market situations we are in (bullish/bearish), no doubt that you can still make yourself rich, assuming you have a big capital to spend in the market to begin with. But it seems that people here doesn't have the patience, or no longer interested when the market is in a bearish trend. But remember that this market never rest, so as traders or speculators you should also take advantage of every situation to make a profit, it doesn't matter if it's just a small percentage, it's the total accumulation that counts.
jr. member
Activity: 266
Merit: 4
CurioInvest [IEO Live]
Although Bitcoin has the highest market dominance of about 70% yet it is not the only coin on the market making investors rich. If one really understand how cryptocurrency works and how some altcoins function especially when it comes to their service provision, then one will appreciate some altcoins with great potentials. There are always some altcoins bulling irrespective of the Bitcoin price status. At the moment, coins like DIVI, Bitrue, KNC etc are gainers on the market.
full member
Activity: 674
Merit: 101
I am hired and not own by any Team!
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 bitcoin is going down so big whalers are quiting because they have no profit at all they don't want to stock their money waiting for the pump. So l think thats one of the reason why market is not growing up. Its just our hope remains for waiting for the price pump.
full member
Activity: 567
Merit: 148
It does not seem like it, even though prices are falling, but for those who can take advantage of opportunities, they are actually enjoying the benefits and divert to other investments. on the other hand there are also those who are waiting to buy at lower prices. so even though prices are falling I don't think everyone suffers, so learning about trading is very important
We will earn on Bitcoin. Actually, in 10-15 years, BTC will become the basis of a new financial system. Those guys who are still hesitating about joining the Bitcoin community are perhaps missing the chance for a better life. However, we all understand that this cryptocurrency is very volatile. Therefore, you need to be very patient when dealing with it and bear its great falls when they happen.
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