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Title: Why so few millionaires? Post by: bitbit on April 10, 2013, 05:16:31 AM Why are there so few millionaires investing in Bitcoin? Millionaires are rich because of their smart investments. If Bitcoin were such a great investment, we would expect more rich people to be attracted, right?
Title: Re: Why so few millionaires? Post by: BTC Books on April 10, 2013, 05:21:40 AM Why are there so few millionaires investing in Bitcoin? Millionaires are rich because of their smart investments. If Bitcoin were such a great investment, we would expect more rich people to be attracted, right? How do you know this? Title: Re: Why so few millionaires? Post by: gmiwenht on April 10, 2013, 05:21:48 AM Just because millionaires don't spend their day talking shit on the speculation boards doesn't mean they are not investing in Bitcoin.
Title: Re: Why so few millionaires? Post by: mccorvic on April 10, 2013, 05:22:20 AM Just because millionaires don't spend their day talking shit on the speculation boards doesn't mean they are not investing in Bitcoin. lulz this +1 Title: Re: Why so few millionaires? Post by: Sage on April 10, 2013, 05:24:33 AM Quite an assumption you're making.
Title: Re: Why so few millionaires? Post by: solex on April 10, 2013, 05:26:08 AM Quite an assumption you're making. The sudden move from $195 to $200 looked very much a (multi)millionaire scooping up 5000 coins. Title: Re: Why so few millionaires? Post by: Crazy on April 10, 2013, 05:26:38 AM As did $120 to $140
Title: Re: Why so few millionaires? Post by: PachucoBro on April 10, 2013, 05:27:59 AM Millionaires that are say 35+ would not see BitCoin as a wise investment... Millionaires in their 20's probably would.
Title: Re: Why so few millionaires? Post by: Jutarul on April 10, 2013, 05:28:58 AM Just because millionaires don't spend their day talking shit on the speculation boards doesn't mean they are not investing in Bitcoin. lulz this +1 Title: Re: Why so few millionaires? Post by: zoinky on April 10, 2013, 05:59:35 AM Pretty sure we got to the billions some how :P
Title: Re: Why so few millionaires? Post by: piramida on April 10, 2013, 06:00:54 AM Also, anybody with 5k coins is a millionaire by definition, so I can assure you that you are wrong - more than enough millionaires in bitcoin :)
Title: Re: Why so few millionaires? Post by: Zaih on April 10, 2013, 06:22:26 AM Good question tbh. Probably too risky/volatile for them?
Title: Re: Why so few millionaires? Post by: zeroday on April 10, 2013, 06:30:31 AM Millionaires that are say 35+ would not see BitCoin as a wise investment... Millionaires in their 20's probably would. Trust me, there are enough 35+ millionaires who are seeking to invest in bitcoin. Also, there are plenty of 20+ who became millionares because of bitcoin. Title: Re: Why so few millionaires? Post by: 600watt on April 10, 2013, 06:32:16 AM calm down. relax. there will be plenty of millioniars soon here. it will be us. a bubbly millionaire bubble.
Title: Re: Why so few millionaires? Post by: lebing on April 10, 2013, 06:40:14 AM Millionaires that are say 35+ would not see BitCoin as a wise investment... Millionaires in their 20's probably would. Trust me, there are enough 35+ millionaires who are seeking to invest in bitcoin. Also, there are plenty of 20+ who became millionares because of bitcoin. Not everyone over 35 is inept. Cypher is a boomer and he is probably swimming like scrooge mcduck at the moment. Title: Re: Why so few millionaires? Post by: granolageek on April 10, 2013, 06:54:15 AM Not everyone over 35 is inept. Cypher is a boomer and he is probably swimming like scrooge mcduck at the moment. +1 Title: Re: Why so few millionaires? Post by: odolvlobo on April 10, 2013, 06:58:24 AM Being a millionaire isn't what it used to be a few years ago. Because of inflation, anyone today with a good job and good investments can become a millionaire in a decade.
Title: Re: Why so few millionaires? Post by: MikeH on April 10, 2013, 07:00:09 AM you wouldn't even notice if millionaires invested - they're likely to put down $10k down not huge amounts and that makes me more confident in bitcoin surviving hacking scares and the like - a lot of people investing small amounts for the long term.
Title: Re: Why so few millionaires? Post by: desper on April 10, 2013, 08:02:19 AM I'm sure they are gradually starting to invest as Bitcoin becomes more widely known and understood.
Title: Re: Why so few millionaires? Post by: BTC Books on April 10, 2013, 11:00:46 AM Millionaires that are say 35+ would not see BitCoin as a wise investment... Millionaires in their 20's probably would. Trust me, there are enough 35+ millionaires who are seeking to invest in bitcoin. Also, there are plenty of 20+ who became millionares because of bitcoin. Not everyone over 35 is inept. Cypher is a boomer and he is probably swimming like scrooge mcduck at the moment. No, not all of us are inept. I'm older than cypherdoc, and while I'm not doing as well as he is (not anywhere near as well), I'm not unhappy. Keep in mind that we boomers did, after all, invent and create the 'net - so it would follow that there's at least a few of us who have a clue... Title: Re: Why so few millionaires? Post by: proudhon on April 10, 2013, 11:02:07 AM Why are there so few millionaires investing in Bitcoin? Millionaires are rich because of their smart investments. If Bitcoin were such a great investment, we would expect more rich people to be attracted, right? Bingo. Bitcoin is too risky for serious money right now. Title: Re: Why so few millionaires? Post by: BTC Books on April 10, 2013, 11:04:15 AM Why are there so few millionaires investing in Bitcoin? Millionaires are rich because of their smart investments. If Bitcoin were such a great investment, we would expect more rich people to be attracted, right? Bingo. Bitcoin is too risky for serious money right now. AAANNNNND the contrarian indicator pipes in. I'm quite certain I'm not doing anywhere near as well as proudhon, either. Title: Re: Why so few millionaires? Post by: wopwop on April 10, 2013, 11:04:48 AM I wonder if there have been many people being able to withdraw their real money to their bank accounts yet.. from mtgox
Wouldn't be surprised to see MtGox saying 'good bye yall' when people starting to withdraw real money en masse Title: Re: Why so few millionaires? Post by: ManBearPig on April 10, 2013, 11:47:19 AM Just because millionaires don't spend their day talking shit on the speculation boards doesn't mean they are not investing in Bitcoin. This. Title: Re: Why so few millionaires? Post by: 600watt on April 10, 2013, 11:50:53 AM I wonder if there have been many people being able to withdraw their real money to their bank accounts yet.. from mtgox Wouldn't be surprised to see MtGox saying 'good bye yall' when people starting to withdraw real money en masse buy japan air shares. there will be a lot of bitcoiners travelling to japan to try to pick up their cash... |