Post
Topic
Board Economics
Re: bitcoin goes down, no new rich people anymore
by
Driggers95
on 20/11/2019, 13:05:43 UTC
In my opinion the current price of bitcoin is not exactly down, because the price of bitcoin in May 2019 at $ 4000 is still more lower than
current prices. The current price of bitcoin is still fairly stable, if it drops slightly from the price of $ 9,000 I think still fairly reasonable.
And if because of bitcoin is now down a resulting in many people bankrupt means these people do not follow the rules in investing. One
of them is investing money that we can afford to lose, if you follow that rules I think that investor is not likely to go bankrupt. Regarding
the problem if the price of bitcoin goes down there is no rich person who appears, in my opinion it has a point. But the price of bitcoin prices
go down won't last long, so from it is not necessary for us to worry. Sooner or later the price of bitcoin will rise again and there will be more
new rich people again. So what we need to do when bitcoin prices go down is just be patient and always believe that bitcoin will go towards
prices peak again.
Indeed, the current decline is only at a relatively low level, it is still not a level that is terrible and cannot return, and even everyone thinks this is necessary, a cumulative period to create more surprises in the end of the year. And one thing is undeniable, when we engage in bitcoin, our wealth is quite dependent on its value but it is only a certain part, if we have accumulated enough depth and know how to make money from a variety of methods under different conditions, Bitcoin's decline cannot stop us from getting rich