bitcoin goes down, no new rich people anymore - page 15.

RamBahadur.Gurung

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Quote from: candra raditya on June 09, 2019, 10:57:53 AM

Maybe you better think in the long run, so you don't lose direction in every drop. In the long run there is still a chance that bitcoin will pump up, and hold on to the profits you want.

Yes. The future prospects are pretty good, because the user-base continues to expand. Despite all the exchange hacks and FUD we had so far this year, the number of users continue to increase across the globe. And also, the market share of Bitcoin has increased to around 55%. That means that some of the users have shifted to BTC from the alts.

candra raditya

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Maybe you better think in the long run, so you don't lose direction in every drop. In the long run there is still a chance that bitcoin will pump up, and hold on to the profits you want.

eaLiTy

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Quote from: Sithara007 on June 08, 2019, 06:02:43 AM

According to it only around 350,000 people own more than 1 BTC (the data is from 2014, and the numbers will be even lower now). The number of users owning more than 1,000 BTC is only around a thousand.

The question will be, how they came to that conclusion that only 35000 people own bitcoin, what if they analyzed different wallets that holds one bitcoin or less and if that is the case the number of people holding bitcoin during 2014 will be much lesser as people usually store their coins in multiple wallets and many store their coins in exchanges and other wallets online, so it is a difficult task to get the exact prediction when it comes to those numbers.

Wolfwar

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Quote from: klaaas on June 09, 2019, 04:37:07 AM

Quote from: iMark on June 09, 2019, 02:39:46 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.

klaaas

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Quote from: iMark on June 09, 2019, 02:39:46 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.

michellee

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I don't think so because I am sure that there are rich people who can make money from bitcoin and they still produce more and more money from cryptocurrency. In cryptocurrency, we know that we have many ways to earn more, and it's not just from bitcoin only, but we also have the chance to make money from altcoin. If that person wants to make money and he can try to search in many ways, I am sure that he has a chance to be rich people.

Xampeuu

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Quote from: iMark on June 09, 2019, 02:39:46 AM

Quote from: blueteam09 on June 08, 2019, 12:58:48 AM

Quote from: PedroSuketteki on May 01, 2019, 02:06:49 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 is a funny story I read today. Bitcoin prices have doubled in 2019, so any reduction will not affect it. It was possible to add a lot of newly rich people when they invested in Bitcoin in early 2019. Don't try to create negative and against Bitcoin because this makes you criticized.

Except if bitcoin is dead then no one will become rich from bitcoin. but for price down it will not make a problem,precisely many people
use it to buy more? thats our chance to come in again? don't always see a falling prices from the negative side only dude.

I agree. every condition is an opportunity. when the price is peaked, of course many people have taken advantage. and when the price is below, it's time for them to plant again, and wait for the harvest to arrive

iMark

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Quote from: blueteam09 on June 08, 2019, 12:58:48 AM

Quote from: PedroSuketteki on May 01, 2019, 02:06:49 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 is a funny story I read today. Bitcoin prices have doubled in 2019, so any reduction will not affect it. It was possible to add a lot of newly rich people when they invested in Bitcoin in early 2019. Don't try to create negative and against Bitcoin because this makes you criticized.

Except if bitcoin is dead then no one will become rich from bitcoin. but for price down it will not make a problem,precisely many people
use it to buy more? thats our chance to come in again? don't always see a falling prices from the negative side only dude.

Sithara007

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Quote from: pixie85 on June 08, 2019, 03:46:52 PM

I've seen the estimations and there are many different but people still agree on one thing. You won't need to own 1 Bitcoin to be rich! Now 1 is still within your grasp and many of us here on this forum have 1 or more but when people around the world start using it and will need at least a few satoshis to do it everyone who has even 0.3 BTC will be a very rich man. By that time we won't even have 18 million of available coins which is a very very low number.

Charlie Lee (creator of Litecoin) once said that everyone should try to own one Bitcoin, before it becomes too expensive to buy. I agree with him. IMO, if you want to get rich from BTC, you need to own at least BTC1.00 in your wallet. I have no doubt that in future the price of BTC would multiply by manifold. Even then, I don't think that anything less than 1 BTC would give you the financial freedom to quit your full time job.

yusupjatigumilar

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That I think is only a reasonable market correction, when the price of bitcoin is rising significantly naturally it will experience a correction because of the behavior of market participants who take profits to buy their bitcoins at a previous low price, then they sell when there is a difference between the purchase price and the selling price for profit, this is what makes the price of bitcoin undergo correction and the cycle will continue to occur as long as there is still buying and selling activities in a market.

Clark05

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The people who invested became rich if fhey sold their bitcoin so if the price goes down like 2018 they are not affected.

For now because bitcoin rising up they have again new millionaires and I think you are envy of them because you will not able to rich because you do not have bitcoin.

Im not rich but the important I earn money from the bitcoin and have little hope that crypto turn as too as rich person like them.

fortunecrypto

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Quote from: PedroSuketteki on May 01, 2019, 02:06:49 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

The only people who go bankrupt are those ICO investors who picked the wrong project, and those who invested in Bitcoin on its all-time high back 2017 and sell it at a loss when the bear trend occurs, but so far investors are doing great and still making money on stable coins in the market, I wonder where you are coming with this kind of post.

Carreuh

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If people are smart in investing and trading, the price doesn't feel too big with the results, but even though the price is as high as the sky but we don't know how to invest in bitcoin then you will become new poor because of the losses you get

bettercrypto

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Quote from: PedroSuketteki on May 01, 2019, 02:06:49 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

Sorry you are in the wrong expectation. Bitcoin has many supporters. Imagine, it can easily beat its previous price or double the price. Bitcoin is the most popular cryptocurrency in the world. In fact, some of my neighbors here known bitcoin while they did not know the altcoins. Bitcoin can surprise us. Do not underestimate its capability

pixie85

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Quote from: Sithara007 on June 08, 2019, 06:02:43 AM

How many rich people have been created by Bitcoin so far? For that we need to know about the distribution of coins by the users. And the only information that I could find about this topic is an old thread here in Bitcointalk:

https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

According to it only around 350,000 people own more than 1 BTC (the data is from 2014, and the numbers will be even lower now). The number of users owning more than 1,000 BTC is only around a thousand.

I've seen the estimations and there are many different but people still agree on one thing. You won't need to own 1 Bitcoin to be rich! Now 1 is still within your grasp and many of us here on this forum have 1 or more but when people around the world start using it and will need at least a few satoshis to do it everyone who has even 0.3 BTC will be a very rich man. By that time we won't even have 18 million of available coins which is a very very low number.

blockman

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Quote from: Sithara007 on June 08, 2019, 06:02:43 AM

How many rich people have been created by Bitcoin so far? For that we need to know about the distribution of coins by the users. And the only information that I could find about this topic is an old thread here in Bitcointalk:

https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

According to it only around 350,000 people own more than 1 BTC (the data is from 2014, and the numbers will be even lower now). The number of users owning more than 1,000 BTC is only around a thousand.

Don't take him seriously, he didn't came to discuss but just to mock everyone who holds bitcoin.

You shouldn't feed the troll.

Best Dreams

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Quote from: slashz9 on June 07, 2019, 11:36:12 AM

now down, but it will up again, come on it not first time btc dump, but you looking happy maybe someone you know already bought at top then dump now.
but soon or late it will rise again dont worry, dont expected too much Grin

It is because of crypto currency nature, price will rise and low we only have to use it wisely with the right content, we should only buy at low price and sell it at high price, so I think it helps us to get out of those risks to become poor and financial crises, investing with crypto currency will give you opportunity to become rich no matter how low the market price is, one day it will totally recover.

Sithara007

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How many rich people have been created by Bitcoin so far? For that we need to know about the distribution of coins by the users. And the only information that I could find about this topic is an old thread here in Bitcointalk:

https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

According to it only around 350,000 people own more than 1 BTC (the data is from 2014, and the numbers will be even lower now). The number of users owning more than 1,000 BTC is only around a thousand.

Seeker#9

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Bitcoin will not make you rich overnight even it is going up unless you own a significant amount of it and wait for its recovery. Going down is a part of price cycle of any cryotocurrency and it is also the right time when you can able to buy coins at affordable prices. Once the bear market is over, prices will go up again just like now. At present, the bitcoin is still going up but not expected to break its 2017 all-time high.

blueteam09

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Quote from: PedroSuketteki on May 01, 2019, 02:06:49 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 is a funny story I read today. Bitcoin prices have doubled in 2019, so any reduction will not affect it. It was possible to add a lot of newly rich people when they invested in Bitcoin in early 2019. Don't try to create negative and against Bitcoin because this makes you criticized.

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