Post
Topic
Board Economics
Re: bitcoin goes down, no new rich people anymore
by
Visbay
on 24/12/2019, 19:57:20 UTC
We should not be worried about the price. Price can up or down as it is the rules of crypto currency. We should wait for pump the price. Don't be panic at the time of falling price.
This is way easier said than done, if you have not invested a single dollar in this market then I agree with you it will be very easy to see the price going up and going down and not being worried about it, but if you are like many people here in this forum and you have invested a significant amount of money and time in order to acquire your bitcoin then you are going to be worried when the price goes up and goes down in a significant way because no human being alive wants to lose money.

yes, of course, most people will worry if they have put a lot of money into bitcoin and see the price movements increasingly decline. This is indeed the usual behavior of many people who feel afraid to lose the money that has been invested, but do not let the falling market prices panic can come up to us, of course it can have a negative impact on the investments we make
Till date users who have risked their hard earnings have succeeded out of the risk making a huge income. When one decides to go invest on cryptocurrencies should not get into temptation or invest fast. Need to take time analyzing, and when we analyse with full concentration it is an easy task to predict which is good for the moment. When one does in such a way and if luck accompanies profiting happens with ease.
The higher the risks, the higher the returns and also the harder the analyzation and studying. You cannot invest on something that you do not fully understand. You need to allocate your time in researching first before you out something. People are losing money in making investment with bitcoins because they do not consider the risks.
There are not any risks with bitcoin as such. One simply needs to check the time he or she can spend with bitcoin in order to gain the returns they want rather simply calling it a risk. Risks are with altcoins or new projects which often turn out to be scams. Bitcoin is a legit project which is known all over the world for producing great returns. With bitcoin, one simply needs to check time and money.
Yeah, profit earning from bitcoin depends on the time of selling and time of buying so we should remain careful before buying or selling our coins. When the market is dump we simply should buy and if the market is green we can sell. So good time will come very soon it’s just a temporary fall of the price that will not take much time to recover again so keep holding.