Post
Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
thejaytiesto
on 07/01/2017, 13:07:59 UTC
If it keeps dumping like this that dream will never come for any of us.

This is true but its right now going up and down real fast so its hard to predict what is happening right now, I think that its stil possible and the price is still pretty high.
the current price is difficult to predict. we do not know the price will go up or down for the moment. better to stay calm and do proper analysis. there may be many people who become rich because pump up to $ 1,100

Well a simple piece of advice to you guys, if you are aiming to become rich with bitcoin. You don't have to panic when there is a price dump that is happening. New to the industry will certainly be scared when that happened but if you are going to be tough enough you can just like those early adopters who became successful because of their belief that bitcoin will going to keep on pumping.
I agree. Being patient is very important if you really want to earn some money with Bitcoin. Cause there are too many panic sellers, the prices have been reduced to about $950 in less than 2 hours. However, as you can see, the prices decreased sharply and what we have learnt from this event is that Bitcoin price will definitely rise again.

The price did really fall and it is now $872 but still my dream of getting rich with bitcoin is not going to be affected just because seeing the price to fall. That's true when there is dump usually there is a pump and vice versa. So I'm already used to this type of event as it has been happening for so many months and years way back then.


We hit a 812 dollar bottom a couple hours ago in bitstamp, right now it has climbed all the way up to 888 dollars... the question is of course: was 812 really the bottom? are we going to keep descending while having those ups and downs, or is the 800-900 area going to be the trading zone for some time before we go beyond the new ATH in a new rally? we'll see. It's tempting to short now hoping for another 800ish correction, but I dont want to lose my moon tickets so i will not gamble it.