bitcoin goes down, no new rich people anymore - page 14.

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Quote from: jrrsparkles on June 12, 2019, 02:39:52 AM

If you thought that bitcoin is going to make your rich then you have wrong understanding about it,it is not made to for the people to get richer its just to create value for the curreny which is something not in control of anyone.

Yep exactly, value is a result of utility and the enablement of trade especially where that trade would not exist in a conventional FIAT system. If BTC can really do that then its going to be massive.
Society favours systems of exchange which benefit it not us, if dollar fails it doesnt have to help BTC it can just use a different system. Bitcoin has a real long road ahead to justify this speculation of being a future useful and reliable system, yea its some use now but I think far more is required or we get replaced. It always happens, a better product will replace BTC or anything else ( I dont count the clones/forks as that replacement)

Rufsilf

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Quote from: Findingnemo on July 04, 2019, 02:12:32 PM

Quote from: PedroSuketteki on May 01, 2019, 03:06:49 PM

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

This thred proves that prices of Bitcoin will never fall to the level that people can make no profit from it.just wait for your turn to become more rich don't follow others or you will lose.

Right, the price may go down a few hundred or thousand dollars but most of the time investors had profit already or they can hold it a little longer and wait for the price to spike up again because based on previous bitcoin price after a fall it will always go up, bitcoin has find its way to go up no matter what so there will still be rich people despite of the bitcoin going down.

Findingnemo

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Quote from: PedroSuketteki on May 01, 2019, 03:06:49 PM

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

This thred proves that prices of Bitcoin will never fall to the level that people can make no profit from it.just wait for your turn to become more rich don't follow others or you will lose.

Dontme

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Quote from: PedroSuketteki on May 01, 2019, 03:06:49 PM

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

How did people got bankrupt with just a little price drop? 6 months ago, bitcoin`s price was only ranging $4k to $7K dollars and ranges $9k-$13k this month. So what I see is that Bitcoin did not drop but got up. They could always hodl bitcoin and surely bitcoin will reach it`s peak again this year.

Alert31

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Bitcoin price hike already and the value of it is always depends on the market demands. It's value is up and down of course and people still can be rich if they know how to invest there bitcoins or do trading. But if you talk about holding,I think it is difficult to become rich now because you can buy bitcoin with a higher price unlike before like year 2009 where bitcoin started that you can buy bitcoin in a very low price.

Baofeng

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Technically, bitcoin is not a get rich scheme. If you are not an early adopter and a bagholder, then you have to wait for several years before you became rich. I think the best time to accumulate hundreds if not thousand of bitcoin is around 2010-2011. But that opportunity doesn't exist anymore. Price is very expensive for casual joes, and if you wanted to became rich a good five years of holding and having that mental toughness not to sold your coins is needed, very difficult though but it's doable if you set your mind with your goals.

Wallflower28

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Quote from: PedroSuketteki on May 01, 2019, 03:06:49 PM

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 does not mean that bitcoin declined, it has no more people that buying it. Maybe, whales are just having fun in manipulating the market. And since whales can control the market, they can easily pull the prices. It just need more time for them to return back.

In short, not all times bearish period is covering the market. And also, a lot of factors affecting the prices of the coin. Most of the time, demand affects it. But we cannot conclude that if the price goes down, no more investors are interested to buy bitcoin.

jrrsparkles

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If you thought that bitcoin is going to make your rich then you have wrong understanding about it,it is not made to for the people to get richer its just to create value for the curreny which is something not in control of anyone.

If you are holding any bitcoins at the moment and don't think bitcoin is going to give any benefits in future just quit now.

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Quote from: marcbitcoins on June 10, 2019, 02:23:42 AM

No one will really get rich in a market like this but hopefully this is just a temporary fall down that the bullish market was just interrupted due to stolen BTC that are now being sold in the market but once the selling is completed then expect a price pump soon as lower BTC price means an opportunity to buy more cheaper BTC.

I thought you are telling that no one will become rich to this market as a whole. With the market condition of being on a bearish trend, don't remove that kind of possibility. You don't know exactly how whales and traders move during this frustrating market.

While it looks frustrating for most but for them it's accumulation time and if there will be a small pump, you can take care of few profits depending on how much your capital is.

Prettyme

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Quote from: PedroSuketteki on May 01, 2019, 03:06:49 PM

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

We can't say that because still especially the people who do mining is still rich there are still existed. I think only those bounty hunters is now gradually fading because a lot of campaigns now are all scam and and all shitcoin that's why they are fading.

Hemady17

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I don't know if I'm going to laugh sarcastically or laugh for real. Why would you depend your success here, also one thing why successful people became rich because they are wise. I don't think also the price of btc will go down up to zero. It will bull and bear. Its a matter on how you get a perfect timing.

Best Dreams

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Quote from: Wolfwar on June 09, 2019, 09:55:34 AM

Quote from: klaaas on June 09, 2019, 05:37:07 AM

Quote from: iMark on June 09, 2019, 03:39:46 AM

Except if bitcoin is dead then no one will become rich from bitcoin.

It cant be dead since it always can be used. Wink

It is never the perfect moment if you fear the drops, buy inn with steps up and downwards and time will tell if you get rich.

One way or another, a cryptocurrency market is a ratio of risk, experience and good income. Very often, the risk is at odds with good results, but only an experienced user can draw real conclusions in order to get a good result of their activities.

I am agree with you crypto currency will never die it will be there in market always because it has become so long that we are using crypto currency and we are taking so many advantages of it, so if it is down it will surely get higher because of volatile nature so wait for right time but keep trusting your investments, one day all holders will become rich people of our country.

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Quote from: Altero on June 10, 2019, 10:35:33 PM

Quote from: princeyeboah on June 10, 2019, 09:27:24 PM

The idea that Bitcoin when the price of Bitcoin goes down, there are no new people making fortune from it is a misconception. The fact is, bear market and bull market can equally be utilized to make profit only if the participant knows the strategies to do so. Trading is one of the ways to earn during bear and bull markets because traders do not need huge spikes in prices in order to make a choice (buy or sell).

I'd love to see those people went down and thinking negative when the market goes down and in the later part they're turning back again. They are just stupid and nothing to prove that they are worthy for this investment.

Anyway, there is no need to hold them and force them to believe bitcoin. As to know that, only risk takers will survive in crypto investment and they are not among of them(us).

For me every time Bitcoin goes down and experiences a bear trend there will soon be new millionaires coming, this is an opportunity for people who came in late believe in the potential of Bitcoin an dwait for the right time to enter the market, and this is a huge opportunity for them and history proves it right.

Altero

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Quote from: princeyeboah on June 10, 2019, 09:27:24 PM

The idea that Bitcoin when the price of Bitcoin goes down, there are no new people making fortune from it is a misconception. The fact is, bear market and bull market can equally be utilized to make profit only if the participant knows the strategies to do so. Trading is one of the ways to earn during bear and bull markets because traders do not need huge spikes in prices in order to make a choice (buy or sell).

I'd love to see those people went down and thinking negative when the market goes down and in the later part they're turning back again. They are just stupid and nothing to prove that they are worthy for this investment.

Anyway, there is no need to hold them and force them to believe bitcoin. As to know that, only risk takers will survive in crypto investment and they are not among of them(us).

princeyeboah

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The idea that Bitcoin when the price of Bitcoin goes down, there are no new people making fortune from it is a misconception. The fact is, bear market and bull market can equally be utilized to make profit only if the participant knows the strategies to do so. Trading is one of the ways to earn during bear and bull markets because traders do not need huge spikes in prices in order to make a choice (buy or sell).

Naughty Princess

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Quote from: semobo on June 09, 2019, 01:38:09 PM

The Bitcoin investment is always so don't think about Getting Rich in quicktime it is all about luck and time for getting good success in Crypto investment otherwise you can definitely make the profit in this situation also but being and with its economy is little bit difficult here in this situation.

I agree. There is no easy way to get risk, you have to work hard for it and face different risk and when you survive then you get success. Investment is not always gaining profit, it is always losing and you have to study the market when to get profit. No more rich because price drops but when it recovers, many are waiting for it to gain high.

bitcoinisbest

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Quote from: semobo on June 09, 2019, 01:38:09 PM

The Bitcoin investment is always so don't think about Getting Rich in quicktime it is all about luck and time for getting good success in Crypto investment otherwise you can definitely make the profit in this situation also but being and with its economy is little bit difficult here in this situation.

Btc will help people to make money provided they stay invested and bought at reasonable rates during bear market and not at high prices during bull run . This will help people to stay invested and get best returns on their investment .

marcbitcoins

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No one will really get rich in a market like this but hopefully this is just a temporary fall down that the bullish market was just interrupted due to stolen BTC that are now being sold in the market but once the selling is completed then expect a price pump soon as lower BTC price means an opportunity to buy more cheaper BTC.

Rheachan1425

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Quote from: PedroSuketteki on May 01, 2019, 03:06:49 PM

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

Bitcoin price down but not all have a result of loss.
Other bitcoin holder watch the price of bitcoin every day. If it goes down or up on price. So they know when to hold or go their bitcoins.
For those who invest they just manage to hold a bit because they don't have choice but to hope that the price of bitcoin will go up again.

semobo

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The Bitcoin investment is always so don't think about Getting Rich in quicktime it is all about luck and time for getting good success in Crypto investment otherwise you can definitely make the profit in this situation also but being and with its economy is little bit difficult here in this situation.

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