Post
Topic
Board Economics
Re: bitcoin goes down, no new rich people anymore
by
Ayiranorea
on 07/11/2019, 11:31:05 UTC
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.
Once it served to be a way to become rich for the early adopters. Then onwards as the price skyrocketed it became a way to get rich for the people who are financially free to invest in large scale. There are people who have benefited investing small amounts, but now this is truly a big price for middle class people. More and more people are getting rich out of bitcoin, but those are already rich. Then onwards new rich people need to emerge from low price coin investments, and surely this will happen over the falling years.