Topic: bitcoin goes down, no new rich people anymore - page 8. (Read 3799 times)
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.
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).
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
Even the price of bitcoin goes down there are still rich people because they not only hold bitcoin they also hold different cryptocurrencies. What do you mean bankrupt? it will totally become bankrupt if the price of bitcoin will go down to zero and as you can see the price of bitcoin is now slowly recovering so expect in the next few years all their losses will regain. Lastly, just wait and you can see how bitcoin will really go to the moon again and after that many people will become rich.No need to panic, the price of Bitcoin behaves perfectly. It seems to me that a little more and Bitcoin will overcome the price limit of 10 thousand dollars. Any asset always rises and falls in price. The increase cannot be eternal, nor can the fall. Enough panic, fasten your seat belts, maybe Bitcoin is going to the moon.
Even if we look at markets that deal with concrete assets, they suffer from bearish market as well. There are many scenarios where gold market went down. There is no market that can avoid volatility or prices. Since bitcoin market is based on the principle of volatility, we shall not fear this thing rather like successful traders make use of it for profits. For now, bitcoin is expected to reach 10,000 $ plus by December. 
For me, the bitcoin price rate right now is not that high if you compared its value on the ATH moment of bitcoin. But even the price of bitcoin is low at the moment there is still some ways that you can do to become rich will the help of bitcoin. The ppl that become wealthy because they trust bitcoin's capability, they don't panic sell, they do there calculations, etc. But right now, there are so many TA showing up that bitcoin's price will increase and might reach another ATH or 22k. 
People who are staying and continue investing already learned things like that. They are assuming that since there's a lots of news regarding to crypto bitcoin will rise and will try to reach new ATH. Though it's still speculations but believers who experienced those good things that happened last time the market turned to strong bull, will desire to experience the same thing and will keep holding till they see the pumped 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
We should keep in mind that bitcoin is not the only mean to become rich. It may help you become rich easily, you shouldn't still rely your complete living on it. Never ever invest all your money in bitcoin because it very risky. You should also find a stable job, a real one so that you can earn money that has a real assurance. Maybe it's true that there are no new rich people anymore since the price hasn't fully recovered yet but sooner or later, as it regain its high value, lots of rich people will show 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
We should keep in mind that bitcoin is not the only mean to become rich. It may help you become rich easily, you shouldn't still rely your complete living on it. Never ever invest all your money in bitcoin because it very risky. You should also find a stable job, a real one so that you can earn money that has a real assurance. Maybe it's true that there are no new rich people anymore since the price hasn't fully recovered yet but sooner or later, as it regain its high value, lots of rich people will show up again.
For me, the bitcoin price rate right now is not that high if you compared its value on the ATH moment of bitcoin. But even the price of bitcoin is low at the moment there is still some ways that you can do to become rich will the help of bitcoin. The ppl that become wealthy because they trust bitcoin's capability, they don't panic sell, they do there calculations, etc. But right now, there are so many TA showing up that bitcoin's price will increase and might reach another ATH or 22k.
Are you talking about those people who gets bankrupt because suddenly bitcoin dumps so bad? Then you're right there are people who are suffering losses right now because of the dump of bitcoin, but do you think that there is also some people who are holding multiple bitcoins right now?
Bitcoin is almost $9,000 to $9,400 and we are seeing some people who have a lot of bitcoins then we can consider them as millionaires or rich people because they are still having those numbers of bitcoins.
Let's wait until the bitcoin goes to the moon and we will be seeing again a lot of people who are getting rich because of bitcoin.
Maybe you are right regarding to those people who went bankrupt and quit away they are no longer interested, but in terms of new investmentBitcoin is almost $9,000 to $9,400 and we are seeing some people who have a lot of bitcoins then we can consider them as millionaires or rich people because they are still having those numbers of bitcoins.
Let's wait until the bitcoin goes to the moon and we will be seeing again a lot of people who are getting rich because of bitcoin.
chances that those rich people are just waiting for the right time before investing inside, trying to carefully research and do good assessment
before jumping in. MArket situation might also affects them, rich people always trying to be in the safe side so expect them to completely ride
once they see or being convinced that they already understand everything.
because bitcoin prices dropped as a result no new rich people arrived suddenly. . . on the contrary, many people go bankrupt because they suffer losses ... haha haahaa
The frustration is clearly showing in your above statement. I think you did't trust the bitcoin earlier or you lost the opportunity of buying it in the beginning.
The only people, who brought bitcoin over 10000$ are in loss now. Maximum of them were treating bitcoin as a money multiplier. On the contrary, you can find lots of bitcoin HODLer here in this forum who didn't panic during the price drop and trusted bitcoin forever. They were never in loss and they are still rich.
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
yeah that is a risk, sometimes we can get rich suddenly or go bankrupt without money at all. today the story is different from last year where a lot of new people got rich when the price of Bitcoin skyrocketed and now if you want to be rich you have to work hard. somehow I miss, miss on the heyday of Bitcoin in years 2017 ago because I could getting rich suddenly. 
Are you talking about those people who gets bankrupt because suddenly bitcoin dumps so bad? Then you're right there are people who are suffering losses right now because of the dump of bitcoin, but do you think that there is also some people who are holding multiple bitcoins right now?
Bitcoin is almost $9,000 to $9,400 and we are seeing some people who have a lot of bitcoins then we can consider them as millionaires or rich people because they are still having those numbers of bitcoins.
Let's wait until the bitcoin goes to the moon and we will be seeing again a lot of people who are getting rich because of bitcoin.
Maybe you are right regarding to those people who went bankrupt and quit away they are no longer interested, but in terms of new investmentBitcoin is almost $9,000 to $9,400 and we are seeing some people who have a lot of bitcoins then we can consider them as millionaires or rich people because they are still having those numbers of bitcoins.
Let's wait until the bitcoin goes to the moon and we will be seeing again a lot of people who are getting rich because of bitcoin.
chances that those rich people are just waiting for the right time before investing inside, trying to carefully research and do good assessment
before jumping in. MArket situation might also affects them, rich people always trying to be in the safe side so expect them to completely ride
once they see or being convinced that they already understand everything.
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
Even the price of bitcoin goes down there are still rich people because they not only hold bitcoin they also hold different cryptocurrencies. What do you mean bankrupt? it will totally become bankrupt if the price of bitcoin will go down to zero and as you can see the price of bitcoin is now slowly recovering so expect in the next few years all their losses will regain. Lastly, just wait and you can see how bitcoin will really go to the moon again and after that many people will become rich. 
No need to panic, the price of Bitcoin behaves perfectly. It seems to me that a little more and Bitcoin will overcome the price limit of 10 thousand dollars. Any asset always rises and falls in price. The increase cannot be eternal, nor can the fall. Enough panic, fasten your seat belts, maybe Bitcoin is going to the moon.
Panic has nothing to do, so what if no rich people this year? we don't have any info right, as we don't know people, so let's calm down, no need to wait for new rich people, we must focus on our own way how are we going to be a millionaire.
Bitcoin goes down, up, down up, if some people can find the advantage of it, why not all of us, just let's make our time wise especially in investing. We are able to make our self to make rich, just stay focus and believe in what we are doing.
Bitcoin goes down much - smart people buy it then and sell it when it goes up significantly, then wait for huge correction and repeat the process.
No need to panic, the price of Bitcoin behaves perfectly. It seems to me that a little more and Bitcoin will overcome the price limit of 10 thousand dollars. Any asset always rises and falls in price. The increase cannot be eternal, nor can the fall. Enough panic, fasten your seat belts, maybe Bitcoin is 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
Ha, ha, that's just your mind, your words are misleading and 100% wrong, can't be held.A few examples for your words,
I say in 2019 many people are already rich.
You will definitely remember December 2018 and continue to enter February and March 2019, the price of Bitcoin at 4,135 $, many people bought at that time, slowly going up until the peak of July 2019 at 10,695 $ and down again a little until holding at 8,057 $ now rises again daythis is 9,269 $.
So, in a situation like this there is a new rich person or not, there must be.
For your answer no new rich person is misleading.
My question,
If, you buy Bitcoin at a price of $ 4,135, for example (5) btc a few months have passed, you hold it for a moment and sell now, what percentage of your wealth.
Can you get called a new rich person.
I get your point that you are looking on the bright side, but there are also people who lost and indeed went to bankruptcy because they bought in the wrong time. I'm also going to give an example:
Person A bought bitcoin when its price is $4,000 while Person B is having doubts that time, so he just watched Person A, after months, Person A made a lot of profits and that is when Person B decided to buy bitcoin (too late), which is not recommended, Person B might be able to make some profits but not as big as Person A.
If Person B borrowed his capital to a bank or to someone, and he agreed to pay it with interest, he might not be able to pay it up on time because he missed the chance that Person A didn't miss.
Rich person not come from only with bitcoin investment but also many of rich person in crypto come from with altcoin investment, bitcoin reached up until 30% but with altcoin investing can increase profit more than 200%, now many investor move from investing with bitcoin to altcoin investment because they have waiting too long with bitcoin price still down and lower.
There are still people who remain rich in a down market because they are trading on Bitmex, which many people actually benefit from. besides this year there are also many other options that make people earn huge profits. like IEO at the beginning of the year many get huge profits. including myself who was able to say this because I tried it
Let us keep in our mind, that rich people does not just relying on holding of Bitcoin, they don't waste time, instead of just holding they are also investing in some altcoins and they are also doing trading, and other non crypto related business too. Those who wanted to become rich are not just relying on luck, but they are building their own destiny in different ways.
at least they are trying to continue to return their assets that are drastically reduced. Many new people have been trapped in the previous BTC halving moments, and this time they are sure to prepare everything confidently, true wealth is the result of long-term processes that have accumulated from increased experience, current bitcoin prices are not final, and market curiosity will always moving up. Jump to: