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Topic: many investors fall poor because bitcoin prices are down - page 9. (Read 1185 times)

copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
1. The word "investors" lately become so low that any unemployed or uneducated person who bought cryptocurrency can use that name. Investors should not be poor for their investment failure since they usually had many profitable businesses.

2. Bitcoin affects the price of all altcoins since it uses bitcoin for the medium of trade (i.e., BTC/ALTCOIN pair).
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Well, they knew about the risks before joining I assume. Investing on crypto currencies comes along with high risks. They were willing to take the risks to make those handsome profits. Now it is totally useless to regret over those losses.
And yes, the price of bitcoin does affect the price of altcoins. When we see the price of bitcoin falling, we will see most of the altcoin dropping sharply. The same is true when the price rises. But in this case, the price of altcoin rises slowly compared to bitcoin.
legendary
Activity: 2464
Merit: 1387
Well you only loose if you sell at a loss, obvious statement i know but so
many people are bound to have lost big time out of fear and not being
knowledgeable about crypto trends.

There was a lit of fear being spread to make weak holders sell, and they
did, hopefully they have learned that bitcoin isnt dead or isnt going to $1000
sr. member
Activity: 1470
Merit: 325
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

bitcoins influence on altcoin value is diminishing
twa
full member
Activity: 320
Merit: 100
BitSong is a decentralized music streaming platfor
I feel poor with crypto currency if it happens because of lack of patience and confidence I think you might be careless
member
Activity: 546
Merit: 32
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
The price of every coins just based on their demand so bitcoin have nothing to do with the altcoins prices but when people investing on bitcoin then more people will come to increase on altcois as well so simple logic behind it and yes bitcoin indirectly affect altcoins prices.
jr. member
Activity: 475
Merit: 1
Tackling Climate Change Using Blockchain
bitcoin indeed affects the price of all other alt coins, that is why whenever bitcoin price goes down, the price of other alt coins goes down. It is a pity so many investors have lost so much this period, some ended up being poor as they sold all they had to invest in bitcoin and other altcoins whose value has reduced greatly but then, better days are ahead.
jr. member
Activity: 229
Merit: 3
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Investors should not depend upon crypto prices. The best to do for your income is try to have multiple sources of it. And if you want income from investment only, it is fine, but you should invest in other not crypto stuff too. To make sure that in case a very long bear market happens like this is turning out, you will not care for the loss and can wait it out.
full member
Activity: 294
Merit: 107
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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

All altcoins follow bitcoin in general. That's because the whole market is still so dependent on it. I wouldn't say that maybe people have become poor because of BTC. If they were irresponsible enough to invest all their money in to something then they were going to become poor either way, if bitcoin didn't get them something else would. They became poor because of their own actions.
full member
Activity: 364
Merit: 100
it is true that with this down prices many people suffer and if some one not says it can not be hide from any one and investors came for a reason if they are not satisfied they sold their investment and they go for other opportunities in the past few months they are very disappointed and they know that the potential of growth is stopped they want to sell if they faces losses they are still ready.
newbie
Activity: 28
Merit: 0
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
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