If you have capital, you can always earn money on arbitrage, or you can go to cloud mining like me ; )
I wouldn't say I'm "rich" but I'm close.
Topic: bitcoin goes down, no new rich people anymore - page 17. (Read 3759 times)
To my opinion only true rich Bitcoin users are early adopters who kept al least some of their coins long enough. Everyone else were several times in position to get very good profit and improve their financial situation but not also to get really rich.
But that doesn't mean that Bitcoin investment isn't profitable but profit apetite should be put into reasonable expectations.
But that doesn't mean that Bitcoin investment isn't profitable but profit apetite should be put into reasonable expectations.
Bitcoin is now more than 10 years old. So someone investing in BTC at this point of time can't be classified as an early adopter. So it is only logical to say that 100x and 200x returns are no longer possible with Bitcoin. If you want that sort of returns, then you should go for some little known altcoin (at your own risk). We need to be realistic with the returns from BTC.
I agree that 100x and 200x returns may look rather unrealistic, but actually we should not exclude that possibility. Many wise people are saying that Bitcoin is unpredictable, and rightly so, and that's why as much as we shouldn't exclude the possibility of BTC going 99% down, we shouldn't exclude the positive trend either.
"No new rich people anymore?" There are now around 36 million millionaires in the world. If half of them will decide to invest in Bitcoin, we are going to the moon.
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
Did that thing made you happy? If yes, then why not you speculate the current markets and I am sure after doing so you would cry and regret for not investing into bitcoins and for laughing for such times. There are peoples like you who do under-estimate bitcoins but each time bitcoins shows its real importance and majority of peoples do start believing in bitcoins. Also if we consider rich peoples, we may call them big whales over here and they never vanish instead they hide in bushes and wait for bitcoins to settle on a dip before the pump where they could invest most of their capital to harvest sweet fruits ahead. 
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
not only investments with crypto currencies that can benefit and experience losses and before participating in an investment with a crypto currency that understands and knows all the risks that will be obtained and no one becomes poor because of investments in crypto currencies as long as investors are conscientious and good at utilizing every opportunity to make a profit 
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
that's just a slight adjustment and now its price has increased to $ 8600. This is definitely not your pleasure. hahaBest of all, you should find ways to invest in the right time and manage risk instead of just investing by word of mouth.
Now, if we talk some serious stuff then I do not really think that any of the peoples have went bankrupt due to the price drop and even if any individual went through this then he might surely have been panic sold his coins or done something like this. The number of peoples who have major profits is always greater as compared to the number of peoples who went bankrupt.
One more thread, from one more guy that regrets for missed opportunity, again. We had so many similar threads here, in the beginning I felt sorry for this guys, but now I say who fuck them! They lose money, they miss good chance, and than they come here (or on other places) and they are trying to poison us with their negativity. Just don`t pay too much attention on them, this world is full with similar people, they will always try to pull you down, you need to get away from them, rise above them, when you do that you will have more chances to succeed in your life.
LOL, take it easy man, you advise people not to pay much attention to them and now you are the one getting yourself worked up over issue that is nothing, me I have learnt to simply just ignore people like that since I am already aware of their tactics, so what I do is just to laugh over it when I see one, and then continue creating my positive news about cryptocurrency and what it stands for to the world out there.He would have also been field with so much regret now because it seems bitcoin end up attract more rich people after his post, so let’s see the excuse he is got to give now that the trend is going up again.
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
well its market place and thats how it works, when the price go down there is nothing you can do, and i do believe it also happen to stock investors. I do think market is recovery and will touch a new high so there is no reasons to be worriedwill get good profits after, this venue of investment is for those who can analyze and can take the risk.
Do deeper research and make your investment works for you.
This post is very funny. Friend try to study the paradigm shift and understand the time we are now and where we are headed. Only if you understand the technology behind bitcoin and how the world is fed up with the current banking system, you will do all you can to acquire even if it's just 1BTC.
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
well its market place and thats how it works, when the price go down there is nothing you can do, and i do believe it also happen to stock investors. I do think market is recovery and will touch a new high so there is no reasons to be worried 
I think everything comes from the moment. how for those who have sold when the price is at the peak, they are already rich first before the price drops. and now of course looking for a moment to buy back
The lowest point of bitcoin was reached in the past and now the progress of bitcoin shows a significant increase. this will be a pretty good thing for us to wait for the increase in bitcoin which is expected by many people even though the increase is quite good at this time 
Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.
A lot of people managed to enlarge their capital even if they invested in Bitcoin this year. Let us say they spend tens of thousands for BTC when it was about 4K, and later, they sold it for 8K, now they are waiting for the next investment.
Looking at the volumes, it is clear that a lot of the investors are currently accumulating Bitcoin (and the other cryptocurrencies such as Ethereum and Bitcoin Cash). They will be setting targets such as $15,000 per coin or $20,000 per coin. So the impact from those users who are booking profit at 8K levels will be more or less neutralized.
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
If you are not careful with your investment you would end up loosing your money and it is not a big surprise, always have some sort of calculation and market knowledge before investing, if not you will end up loosing and it is not a big surprise. If you enter at a good valuation and plan to hold for a longer period of time irrespective of the market situation right now, you will end up in a profit, there is nothing to be sarcastic about it as i understand that you never got a chance to invest at a lower price 
. 
Bitcoin is now more than 10 years old. So someone investing in BTC at this point of time can't be classified as an early adopter. So it is only logical to say that 100x and 200x returns are no longer possible with Bitcoin. If you want that sort of returns, then you should go for some little known altcoin (at your own risk). We need to be realistic with the returns from BTC.
~I think the OP laughing about this means he knows nothing and what he only know is that the price drops and people will be regretting we invest in it. The OP posted this on May 1, as far as I know, the price of btc at that time is still lower, the price since then pumps and I think the OP is embarrassed by this.
That's right, the maximum price on May 1 was $5,400, and today, even after falling -1.39% in the previous 24 hours, it is still $8,690+. OP would better invest in BTC that day instead of laughing, he could have some good profits by now.
Also we don't need rich people buying Bitcoin for it to go up. I'm sure, there are hundreds of millions of potential adopters, who will join the game sooner or later. The sooner the better for them, but, on the other hand, it's never too late to start adopting technologies of the future.
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 will not affect too many investors. Currently whales and manipulators hold a lot of Bitcoin and when its price goes down, that will be the strategy of the whales. This is the black market and everything can happen. 
Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.
A lot of people managed to enlarge their capital even if they invested in Bitcoin this year. Let us say they spend tens of thousands for BTC when it was about 4K, and later, they sold it for 8K, now they are waiting for the next investment.
And the market is still very optimistic, so this percentage can increase even more! Crypto currency is full of surprises, we shouldn't underestimate its potential.
The actual market movement can still generate profits for traders in down or up conditions. but indeed when down the trend occurs most will cover losses due to a decrease in the price of bitcoin before getting their profits. some people actually enjoy in a rising or falling market situation because indeed this has become the nature of fluctuating cryptocurrency
I think everything comes from the moment. how for those who have sold when the price is at the peak, they are already rich first before the price drops. and now of course looking for a moment to buy back
Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.
A lot of people managed to enlarge their capital even if they invested in Bitcoin this year. Let us say they spend tens of thousands for BTC when it was about 4K, and later, they sold it for 8K, now they are waiting for the next investment.
Looking at the volumes, it is clear that a lot of the investors are currently accumulating Bitcoin (and the other cryptocurrencies such as Ethereum and Bitcoin Cash). They will be setting targets such as $15,000 per coin or $20,000 per coin. So the impact from those users who are booking profit at 8K levels will be more or less neutralized.
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