Topic: bitcoin goes down, no new rich people anymore - page 7. (Read 3799 times)
I think this will be an opportunity for people who play with margins, even the lowest bitcoin price is the most awaited at this time, it is likely that bitcoin will not fall back below $ 5k, and they will only go long at current prices while suppressing liquidation lowest possible price. If bitcoin touches $ 11 thousand or more, you can imagine how many hundred percent it receives. There are still many ways to get rich, risk management will make you more familiar with the situation.
I don't agree that if Bitcoin goes down that there will be no new rich people, let's take into consideration that there are other ways to earn crypto and not just by holding it long term, there's a short trader out there that are taking advantage with buying the dip and selling when it goes up for 2-5%, and they repeating it almost everyday depending on the market, they are watching closely with the price, so imagine how much profit they are getting from it.
Not only that, you can also short the market which is nothing more but a trader saying that he thinks a particular coin is going down in value and earning money in the process, this can be very profitable because as we know it takes a long time to build a bull market and it takes very little time for the price of most coins to crash, if anything this is an even better time for traders since they love the fast profits they can get in a crashing market.
I don't agree that if Bitcoin goes down that there will be no new rich people, let's take into consideration that there are other ways to earn crypto and not just by holding it long term, there's a short trader out there that are taking advantage with buying the dip and selling when it goes up for 2-5%, and they repeating it almost everyday depending on the market, they are watching closely with the price, so imagine how much profit they are getting from it.
Not only that, you can also short the market which is nothing more but a trader saying that he thinks a particular coin is going down in value and earning money in the process, this can be very profitable because as we know it takes a long time to build a bull market and it takes very little time for the price of most coins to crash, if anything this is an even better time for traders since they love the fast profits they can get in a crashing market. Bear or Bull market, new millionaires are been created from bitcoin trade and its market. People that do buy heavily invest in bitcoin when the price retracts and sell when it bounces back are making thousands of dollars from the volatility. Friend bitcoin still make people rich than our traditional institutions despite the bearish market.
When bitcoin goes down altcoin allow for going down and not people become rich anymore where bitcoin price still down. Have moment for waiting when bitcoin going up and make all altcoin price will increase to higher price and give chance for investor become rich with their investing in bitcoin or altcoin, we need time when bitcoin and altcoin up to give moment for investor get profit.I don't agree that if Bitcoin goes down that there will be no new rich people, let's take into consideration that there are other ways to earn crypto and not just by holding it long term, there's a short trader out there that are taking advantage with buying the dip and selling when it goes up for 2-5%, and they repeating it almost everyday depending on the market, they are watching closely with the price, so imagine how much profit they are getting from it.
Bear or Bull market, new millionaires are been created from bitcoin trade and its market. People that do buy heavily invest in bitcoin when the price retracts and sell when it bounces back are making thousands of dollars from the volatility. Friend bitcoin still make people rich than our traditional institutions despite the bearish market.
When bitcoin goes down altcoin allow for going down and not people become rich anymore where bitcoin price still down. Have moment for waiting when bitcoin going up and make all altcoin price will increase to higher price and give chance for investor become rich with their investing in bitcoin or altcoin, we need time when bitcoin and altcoin up to give moment for investor get profit. 
Listening to other traders is a waste of time, and this is because it is very easy to find a trader that thinks that the price is going to go up and then he exposes your arguments to you and then you get convinced about his theories but then you take the time to listen to another trader and he'll have very good arguments of why the price should go down, and you'll be very confused about what to do, the only solution to this is to try to figure out by yourself what the market will do without the help of anyone.
It is your money and you are the one who should be making the call. No one has successfully predicted the Bitcoin prices on a consistent basis, ever since the first coins were mined in 2009. Because it is pure speculation. It is very difficult to predict the supply and demand for the future, given the added layer of anonymity that Bitcoin provides to the users.
In Contrary to you point above, there are people who are still making good money from trading Bitcoin and crypto currency in general if you are not aware. Traders do make profit from both upward trend and a downward trend, expecially those who are good in trading crypto currency.
It seems many people do not know you can make money regardless of the direction the market moves, if you believe the market will go down then it is a good idea to short the market, a good trader does not need the price to go up he only needs the market to move at all, but I must say that shorting the market is a very high risk proposition in which only the most expert traders should engage since we know the tendency this market has to go up very rapidly by no apparent reason.
Exactly. The price seems to be stabilized and i think that now it is very difficult to grow in value a lot.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.
One the price stabilizes, it will start the upward journey. Theoretically, the exchange rate of Bitcoin will never be stable, because the USD is a currency that is prone to inflation and BTC is a currency which is protected against inflation. So ideally the exchange rate for BTC should increase with time. Also, another thing to remember here is that the number of new users is increasing at a rate of 80% to 100% per year, while the number of coins is increasing at a rate of <3% per year (and will be even lower next year, thanks to the block reward halving).
Speaking that no risk is wrong, in history we have cases of several countries that were the total bankruptcy along with its fiat (Venezuela and an example).
We shall stop this blame game instead focus on adopting technology that has best results for our economy. As per now since every country is in the race of securing important position in world economy, we shall look for means that generate high revenues and are easy to use. Bitcoin and the whole crypto market fulfill these requirements. Even if fiat is doing great in state, still adoption of latest technology is must to stay in race. 
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, no one will get rich either if the Bitcoin price is very expensive already therefore the price falls will be an opportunity to those who want to become rich as the Bitcoin price is becoming much cheaper to purchase again in which its looks like it was just introduced 10 years ago.
Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.
You are damn right about this. A little decrease in the value provides haters with the chance to say nonsense about bitcoin and the market. FUD is indeed a normal thing for old investors for sure. If these coins have been able to make it till today, they are the future. Anyone who truly understands the potential of bitcoin and good altcoins, is safe and new comers should follow steps of bitcoin holders.Old bitcoin holders are the one's who knows the flows of the market. they exactly know on how to multiple your funds in just observing the market and we think that the current situation didn't make a richer one? we are wrong because there are traders that will achieve of being rich because they are wiser and smarter. because they are willing and able to focus and get what they want. with unique ideas and strategies you will aim that richness.
Exactly. The price seems to be stabilized and i think that now it is very difficult to grow in value a lot.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.
One the price stabilizes, it will start the upward journey. Theoretically, the exchange rate of Bitcoin will never be stable, because the USD is a currency that is prone to inflation and BTC is a currency which is protected against inflation. So ideally the exchange rate for BTC should increase with time. Also, another thing to remember here is that the number of new users is increasing at a rate of 80% to 100% per year, while the number of coins is increasing at a rate of <3% per year (and will be even lower next year, thanks to the block reward halving).
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, no one will get rich either if the Bitcoin price is very expensive already therefore the price falls will be an opportunity to those who want to become rich as the Bitcoin price is becoming much cheaper to purchase again in which its looks like it was just introduced 10 years ago.
Exactly. The price seems to be stabilized and i think that now it is very difficult to grow in value a lot.
The market has been saturated and the investors know the exact value of Bitcoin. Only a rare event - war, economic crisis - might raise the bitcoin price higher than the already reached levels now.
Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.
You are damn right about this. A little decrease in the value provides haters with the chance to say nonsense about bitcoin and the market. FUD is indeed a normal thing for old investors for sure. If these coins have been able to make it till today, they are the future. Anyone who truly understands the potential of bitcoin and good altcoins, is safe and new comers should follow steps of bitcoin holders.Old bitcoin holders are the one's who knows the flows of the market. they exactly know on how to multiple your funds in just observing the market and we think that the current situation didn't make a richer one? we are wrong because there are traders that will achieve of being rich because they are wiser and smarter. because they are willing and able to focus and get what they want. with unique ideas and strategies you will aim that richness.
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, no one will get rich either if the Bitcoin price is very expensive already therefore the price falls will be an opportunity to those who want to become rich as the Bitcoin price is becoming much cheaper to purchase again in which its looks like it was just introduced 10 years ago.
Basically when bitcoin goes down then that's when there are lots of people who will become new rich people because with falling prices they will buy more bitcoin and then will only be hold long term to become a new rich person when prices reach the moon later. This market is no longer something new so it is likely that the potential for the next increase will be even higher. So as long as there is progress being made then the fall in prices is not something scary because the market will continue to fluctuate until eventually it will reach the highest value.
Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.
You are damn right about this. A little decrease in the value provides haters with the chance to say nonsense about bitcoin and the market. FUD is indeed a normal thing for old investors for sure. If these coins have been able to make it till today, they are the future. Anyone who truly understands the potential of bitcoin and good altcoins, is safe and new comers should follow steps of bitcoin holders. In Contrary to you point above, there are people who are still making good money from trading Bitcoin and crypto currency in general if you are not aware. Traders do make profit from both upward trend and a downward trend, expecially those who are good in trading crypto currency.
It seems many people do not know you can make money regardless of the direction the market moves, if you believe the market will go down then it is a good idea to short the market, a good trader does not need the price to go up he only needs the market to move at all, but I must say that shorting the market is a very high risk proposition in which only the most expert traders should engage since we know the tendency this market has to go up very rapidly by no apparent reason.Even today, the exchange rates went down by 5%. With every dip, there comes a fresh round of FUD being churned out through various social media channels. Experienced users already know about this and they are holding on to their coins. On the other hand, some of the new users may be prompted to sell their coins at a heavy loss.
There is no point in selling the coins when you see the market going red and if you are an experienced trader you will understand that these volatility in the market is momentary and it will recover in the next few days. I have seen reports about the last rally that it was manipulated by a few players and some are claiming that the team behind Bitfinex is behind these manipulation, if you are a smart trader you will make a profit in any market situation. 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 is a very volatile coin so itbwill surely go up and down from time to time since its stability depends on how much or strong it was being used and demanded in the market. And your claim is obviously baseless. You seems like one of those people who failed at handling bitcoin because of the impatience about the volatility, the type that would panic and sell things out out of high influence of emotions and now being pessimiastic over everything at the crypto space especially about bitcoin. Jump to: