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Topic: many investors fall poor because bitcoin prices are down - page 8. (Read 1185 times)

full member
Activity: 602
Merit: 100
Yes, the prices of all coins are falling and they are all significantly lower than the price that was during the ICO. But if we keep our coins until the market recovers, we will not lose our money. Therefore, if we want to make a profit in the future, we must count on long-term storage of our coins.
full member
Activity: 924
Merit: 106
homt.net
And not only Bitcoin investors are poor, when Bitcoin crashed, also Nvidia and AMD are loosing because they produce gpu cards for mining, but mining is not profitable. So thats why Nvidia stocks crashed by 54% Cheesy.
hero member
Activity: 1568
Merit: 511
yeah, because most people bought it during ATH, bought it during the peak
$20,000 is definitely a 60-70% loss if you bought it that price compare to now

However, if you believe the supply tend to be overtake by the demand and it could be the revolution, why sell it when it drop when it can go higher?
Right
legendary
Activity: 3416
Merit: 1225
Enjoy 500% bonus + 70 FS
Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh

2018 is a big reason why you should only invest what you can afford to lose and you should do a research and to study the right time to invest and to exit, there are a lot of losers now but I'm pretty sure 2019 is a big turn around from what happened this year just like what a big turn around 2018 from what happened in 2017.
hero member
Activity: 3052
Merit: 651
Yes.
It is like the USD of all the altcoins while bitcoin is being converted always at a USD price.

You will notice it always. As bitcoin price goes up then same with ETH and other ERC20 tokens.
Both are leaninng with each other.

Now about those losses on ICO's, most of it is because they are not really investors. Investing takes time and it doesnt just end when the token is listed in an exchange. That is a trader's habit, not an investor.
member
Activity: 784
Merit: 10
Yes because as we can see the market and current prices of cryptocurrency, all is down within just five months the coins decresed by 75 percent and by this the crypto investors would have deficit or no profit.
member
Activity: 504
Merit: 14
Miracle Tele
       Yes, the Bitcoin price affects most altcoins, but it's more like Ethereum. Indeed, it was not a year of profits, but people lost their investment unless they chose to do so, withdrawing their money under the investment price, or at worst if the currency project broke down. Poverty from crypto market comes from lack of patience and because of misinformation.
member
Activity: 392
Merit: 10
yes is true, because all investments use Bitcoin and Ethereum if the two centers experience bad things, it will also affect who uses it.
member
Activity: 364
Merit: 10
Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh
There is a saying in crypto world that we should only invest what we can afford to lose because it is so risky in here and anything could happen. We should put that in our mind always so that we can't blame anyone else but ourselves.
member
Activity: 177
Merit: 50
My Dream Comes True
Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh
A few days ago I read an article from my country that due to market crypto is getting worse and that make more unemployment. It reminds me that there are many traders who resign from their office and choose traders as the main profession. But for whales maybe financial can still be covered even if they loss because I'm sure they have a lot of strategy. That must be so worried about not them but small trader. We should be more thorough and careful invest in altcoin because if it fell then there would be no funds for backup from the bottom.
member
Activity: 322
Merit: 10
That is really the reality affecting now, not just the investors but almost all that are connected to cryptocurrency ,are affected by this current market falldown , the bounty projects ,the ICOs ,the members ,the customers are all affected  by  the current price falldown of coins.
sr. member
Activity: 714
Merit: 250
It doesn't mean that when the price of bitcoin is falling you will become poor. I think you will become with bitcoin if the price become 0 or become bubble. On the other hand, the price of bitcoin rise soon so to all people who have bitcoin that you can become rich.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
That's very true that bitcoin price do affect altcoin prices. Why you didn't noticed that even before?

There's a sure thing that bitcoin is the major mover of the price of the market and if its because of bitcoin these alts will not move. If the price moving upwards, these alts will also do the same thing.
member
Activity: 294
Merit: 10
Fast, Smart, Trustworthy
The fall in bitcoin prices has affected the entire market, with investors and hunters suffering varying degrees of damage. What I am worried about is that this decline will last for a long time.
full member
Activity: 466
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
Sometimes they are not interconnected but when the price of bitcoin starts to fall there will be panic in the market so many investors also sell their altcoins.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh
I don't think if investors will be poor because of crypto. Because naturally investor must be ready to any condition of their investment. If someone loss and regret about their investment, i think he should study more.
full member
Activity: 1470
Merit: 108
This has happened with the new investors.  Investors who invested at the end of 2017 are at huge losses because they are the ones who invested at highest prices.  Old investors are already in profit as they sold when prices we're at their peaks.
sr. member
Activity: 1932
Merit: 370
No doubt, about that. That would happen for a lots of investors because of the downfall of the Bitcoin price in the crypto market. Even simple crypto people like us that keep on holding Bitcoin make a huge loss in our liabilities.


 One should note that Investment need  a lot of learning, it is a process which everybody must know. The in's and out of Crypto Market, Market stricture, fundamental and the stability. With all of this indicators known to an investors, he can develop to have a market strategy before the final investment. YES, a lot of Bitcoin investors loses huge amount because of the down turn on the market...but should not be the case if your protect your investment, have time to monitor the market then make a quick decision if you see signs of weak market...Know the process.
full member
Activity: 518
Merit: 100
No doubt, about that. That would happen for a lots of investors because of the downfall of the Bitcoin price in the crypto market. Even simple crypto people like us that keep on holding Bitcoin make a huge loss in our liabilities.
member
Activity: 280
Merit: 12
I agree a lot of investors have suffered with massive losses which was never expected, the hope for the investors everytime comes only in the last quarter but BTC failed this time which was a big disappointment however things will settle down quickly and I hope the market will turn hot again.
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