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Topic: bitcoin goes down, no new rich people anymore - page 23. (Read 3785 times)

sr. member
Activity: 1246
Merit: 250
The chances of creating the new people who are rich in the future is available because they are the value Trump will helpful for the people to put investment and made their future to be brighter that is the thing that happened today situation

I think in the future no one will know how the world economy is, it is possible that before touching the future all rich people have other choices besides bitcoin, they might consider bitcoin not too good anymore, but from the total supply of bitcoin I am very sure bitcoin can do price increases.
legendary
Activity: 1302
Merit: 1037
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

funny that you made this comment and after 2 days the price increased to  $5800. about your comment, all people when they decide to buy cryptos should be aware that the price may drop a lot. This should not be a surprise to anyone. just think:

If something goes up from $ 1000 to $ 20,000 in a year, then that same thing can drop from $20,000 to $1000 in a year.
I think getting rich from cryptocurrency was not achieved with a short time and then said that no one is rich just because prices fall. while many people take advantage of this moment to buy, so that they could get rich at other times, and we know the current price going up and maybe some people can get rich with it?
For the fact that the value of the currency dropped from where it used to be doesn’t mean that it has made those who invested in it poor, many people usually confused Holding to Leverage in trading.

It is only leveraging that I know that when the market is going against one, and one cannot take it any longer, they stop the trade and whatever point they stop the trade, there will be a loss and no matter how green the market becomes again, they might never recover such losses again, but this is not the case of HOLDING, no matter how dip the value might have gone, it will sure recover their investment back when the market picks up again.
full member
Activity: 1106
Merit: 166
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The chances of creating the new people who are rich in the future is available because they are the value Trump will helpful for the people to put investment and made their future to be brighter that is the thing that happened today situation
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
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 choose bitcoin to become rich then you are not going to reach your goal in very short terms,it take decades to be one of the millionaires.

But the price decline you are talking about didn't take too long now the price increase is in the process.
copper member
Activity: 2940
Merit: 4101
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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
Do you think we still need rich people in this community ?
Because I really don't think so. Talk about these rich people,  what good do they bring to this community ?

To be sincere, it's quite nothing. All they do is come to fill in their pockets and get richer. They come and they invest billions of dollars and cause the market price to run up and when it reaches their target profit,  they will withdraw their money and the market will fall again. They have gotten and made a lot of us here to lose our money,  and of course,  the lucky ones do gain from the bubble. But, these rich guys are only making themselves more rich and they don't care about this community.
Rich people hold and speculate, they don't use Bitcoin. And whatever you say, we do the same when we trade BTC for x,y,z we're only doing it for a profit. Yes, they do it with millions, I can't blame people for being millionaire, I would do probably the same. You are not rich if you don't convert it to fiats or for another asset.
sr. member
Activity: 1071
Merit: 253
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 think the rich people are still here and they are all still investing on the top coins right now because of the price being low at the moment. They're only waiting for the right time to sell for huge profits.
Yeah no doubt there are so many rich people who are buying and investing without any problem of market condition, we simply have to buy even if the price of bitcoin goes down because bitcoin has allot of profit for us we always have a chance to become rich even if the price is down, as where there is bitcoin there is hope to become rich.
full member
Activity: 980
Merit: 114
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
AFAIK this theory only applies to holdlers who are waiting for the price to grow their money while it's seated in the bank!

On the contrary Traders out there can make money and become rich from either bitcoins upward or downward price movement.
.
That is the fact we have two set of people in cryptocurrency those that hold bitcoin and expecting the proto rise before they sale and those that are the real users those traders that make profit from the price volatility. This set of traders are busy making huge profits while the market keep growing.
member
Activity: 337
Merit: 15
Those people are the one that are new to investment and doesn't know how the market works to tell you the truth even if the price of the bitcoin or any cryptocurrency drops we can still earn from it, the market is not just full bullish and full bearish we know that there's a swing from it while the dumping there are many times that it would go up right? and from that we can earn, I don't know technically if my answer is correct but I think the correct term of that kind of trading is Swing trading or day trading.
hero member
Activity: 798
Merit: 527
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
Do you think we still need rich people in this community ?
Because I really don't think so. Talk about these rich people,  what good do they bring to this community ?

To be sincere, it's quite nothing. All they do is come to fill in their pockets and get richer. They come and they invest billions of dollars and cause the market price to run up and when it reaches their target profit,  they will withdraw their money and the market will fall again. They have gotten and made a lot of us here to lose our money,  and of course,  the lucky ones do gain from the bubble. But, these rich guys are only making themselves more rich and they don't care about this community.
sr. member
Activity: 1344
Merit: 253
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'm I reading this one correctly? I don't know why but bitcoin are still on a good price now and still making new rich people. Rich will not announce it anyway so don't expect to hear a rich people saying he earns a lot. People got bankrupt because of mismanage money, they don't suffer for big loss because of bitcoin. This thread will not make panic for sure,  try to do better because as we can see in the market bitcoin are still pumping.
on the other hand there are still many people who make a lot of money from trading bitcoin, using high fluctuations. but right now I also see that bitcoin is approaching $ 6000, and this is a good development in my opinion, so there is nothing to worry about, people doing business certainly have risks, and that is normal
full member
Activity: 742
Merit: 144
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'm I reading this one correctly? I don't know why but bitcoin are still on a good price now and still making new rich people. Rich will not announce it anyway so don't expect to hear a rich people saying he earns a lot. People got bankrupt because of mismanage money, they don't suffer for big loss because of bitcoin. This thread will not make panic for sure,  try to do better because as we can see in the market bitcoin are still pumping.
full member
Activity: 512
Merit: 100
Wise and rich people are calm and they have strategy to gained again some money in crypto. You don't know that they already know what would be the next step to gain easily, and people who are rushing things will be suffer big and giving up.
full member
Activity: 1750
Merit: 118

people can be rich with or without bitcoin/cryptos  . there are also rich people because of cryptos and i think thier profit is already converted to cash so whatever happens on the price of bitcoin /cryptos those rich people will stil remain rich  because thier money is already safe from the risk of the volatile market of bitcoin/cryptos  .
full member
Activity: 798
Merit: 182
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 hope those who suffer financial losses in cryptocurrency investment will get their money back. Yes, it is dangerous to buy bitcoin when the price is pumping too much. We should analyze the price chart first before we buy bitcoin. A cryptocurrency expert said that when bitcoin price pump the next thing that will be happen is panic selling then pump again. I sell bitcoin when the price start to fall because the price will continue to fall and I will buy when the price start to rise. This is about the right strategy.
hero member
Activity: 3052
Merit: 685
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 think the rich people are still here and they are all still investing on the top coins right now because of the price being low at the moment. They're only waiting for the right time to sell for huge profits.
Rich people can also be short term investors, they can move the price the way they want if they can manipulate the market.
Actually, I want real adoption, rich people or the whales makes this market hard to progress as they will play the pump and dump.
If the time will come that more investors will come and use crypto, the control will not be the rich people anymore but on the volume of small investors.
member
Activity: 531
Merit: 10
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 think the rich people are still here and they are all still investing on the top coins right now because of the price being low at the moment. They're only waiting for the right time to sell for huge profits.
hero member
Activity: 1834
Merit: 523
We are not crazy, we know bitcoin now are going up the value so why did you said that!? Because of the growing value of bitcoin again many people now again become new rich people and those people become richer because they can get more profit because they purchased bitcoin last 2018. You are not become rich for sure because you give wrong informartion to the bitcoin.
hero member
Activity: 1666
Merit: 502
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
Do you know that rich people from bitcoin are those who have more expertise and knowledge in cryptocurrency, not everyone here is rich because they buy at the price of pizza and sell at the price of the moon, they be rich people because their expertise and knowledge in crypto things "investment in crypto is only for smart people".
hero member
Activity: 2660
Merit: 551
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

funny that you made this comment and after 2 days the price increased to  $5800. about your comment, all people when they decide to buy cryptos should be aware that the price may drop a lot. This should not be a surprise to anyone. just think:

If something goes up from $ 1000 to $ 20,000 in a year, then that same thing can drop from $20,000 to $1000 in a year.
I think getting rich from cryptocurrency was not achieved with a short time and then said that no one is rich just because prices fall. while many people take advantage of this moment to buy, so that they could get rich at other times, and we know the current price going up and maybe some people can get rich with it?

Unless you are a big whale who can pump the price in millions of dollars then you can be richer by doing that, but that is a big risk. But if you really wanted to be rich here, bitcoin is the only way, no need to invest on altcoins. Although they can gain huge percentage as compare to bitcoin, BTC is still the king and the only coin that can give you large amounts of profits in years.
sr. member
Activity: 2506
Merit: 368
IF you already rich whats the point of taking on all the additional risk that crypto provides.  If I was a billionaire I would keep my money in solid investments like property and companies.  Going for really high risk investments is more for poor people since they don't have much to lose.
Millionaires and billionaires are already doing that investing thing and that's how they will get richer while the poor will become poorer because believe it or not, money is everything. People should think again if they thought that Bitcoin is an investment because afaik it is being used as payment for any kind of services.
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