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Bitcoin => Bitcoin Discussion => Topic started by: Zanab247 on November 19, 2020, 07:34:04 PM



Title: Can bitcoin make someone the richest in the world?
Post by: Zanab247 on November 19, 2020, 07:34:04 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Charles-Tim on November 19, 2020, 07:53:21 PM
Fiat has been the currency these richest people are using because it is what is accepted by the government earlier, but know that fiat itself is an inflationary currency subjeced to depreciation by governmental manipulations, although the manipulations can be due to what could favour the country in a way foreign currencies are reserved, but devaluing the worth of the riches. Fiat does not have the opportunity bitcoin gives, you can hold fiats and the money will becoming depreciating, but unlike bitcoin, your money will appreciate.

But, know that these richests you are talking about, it is not that they deal with fiats, they make use of fiats as an exchange for goods and services, not fiats that increase their wealth and worth, it is their business that increased it. And as bitcoin is going mainstream, they will also make use of bitcoin and many other cryptocurrencies  as their payment methods.

In Africa, Aliko Dangote is the richest with $15 billion worth or so now but not amount the first 100 richest in the world again, what caused it?  It is because Nigeria government have to preserve their foreign reserve during economy recession in 2016 or so, at the time, US dollar to Nigeria Naira was 169 naira, but now at 480 naira. Dangote was able to be the 23rd richest in 2016 in the world with the worth of $23 billion but governmental manipulations to preserve their foreign reserve depreciated Naira and Dangotes worth reduced and not among the richest in the first 100 listsb since then. If Dangote have some of his worth in Bitcoin, this would have not happened, because assets did not devalue, it is the Naira that could devalue. If bitcoin had gone mainstream and dangote s using it and have some of is funds in bitcoin, he would have increased more in wealth now, and able to bypass the government manipulations to an extent and also bitcoin would have multiplied his wealth.

Bitcoin is money, and deflationary money, while fiat is money too but inflationary (depreciating), bitcoin can appreciate the value of someone's wealth, while fiat can devalue it. But know that not fiat makes those people the richest, if not for their assests and businesses they have, they will not be rich like that, and money is just a means of exchange which bitcoin can do if gone mainstream like fiats.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: bitbollo on November 19, 2020, 08:05:18 PM
bitcoin is pretty new on the market despite classic currency or asset. Satoshi Nakamoto has been ranked in top 100 by Forbes (44th position).
with a net worth of 19.4 billions of USD in 2017.
I am not sure it can bring people to be the richest in the world, but for sure as nature " deflationary " it can be something interesting in a speculation perspective.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: lionheart78 on November 19, 2020, 08:27:25 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Possibly no because:

1. Bitcoin has a limited supply and the majority of its supply had been mined so there is a very slim chance that one person will own half of the coins.
2. Bitcoin price is highly volatile, it can crash anytime or skyrocket anytime thus making good sense investors hesitant of going all in to this cryptocurrency.
3.  Knowledgeable investors always diversify.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: hatshepsut93 on November 19, 2020, 08:40:40 PM
Jeff Bezos' networth is 190 billion. Satoshi Nakamoto could be owning around 1 million Bitcoins. If 1 Bitcoin would cost more than $190,000 than his networth would be more than that of Jeff Bezos', assuming it won't change, for the sake of argument. There are other individuals who hold a lot of coins, but still much less than a million coins, so Bitcoin would need to cost millions of dolllars for them to become the richest person in the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: blockman on November 19, 2020, 08:42:44 PM
A rich person can invest in bitcoin but to make someone the richest in the world, it is possible but if you'll make it like that, there are a lot of other contenders if that's the category. Making someone rich through bitcoin is possible. Going with the plain category of making someone rich through bitcoin, this is much better to say because the richest people have their own technology that made them part of the richest. Zuckerberg, Bezos, Gates ,etc.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Baofeng on November 19, 2020, 08:50:02 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

If bitcoin price goes on to six digits, maybe there could be known or unknown individuals who can become billionaires, so theoretically it's possible. But then again, like any other investment instruments, you should really know how to play and take advantage of the market to at least make a profit here. Just remember though that bitcoin is not the answer to poverty or instant solution to someone to make a lot of money in short amount of time. It is not a magic bean.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: pixie85 on November 19, 2020, 09:06:45 PM
Of course it can. If it could make teenagers into millionaires it can also make a millionaire a billionaire and so on.

These rich guys who were very early into Bitcoin like Richard Branson will only climb higher on the ladder of the richest people in the world.

It's even easier for a millionaire to become a billionaire with bitcoin than it is for any other person because for you a million dollars is a lot but for them it's somethimes only 1% of what they own. If they lose it's nothing but for you to lose a million would be devastating.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Asuspawer09 on November 19, 2020, 09:16:11 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

I guess with high volume investment, investing in the right time, and at the same time selling your investment at the right timing or Bullrun I guess you could be pretty close.

With the amount of money that you could make it could easily make you rich, for example investing up to hundreds of bitcoin when the market price of bitcoin is around 20$-1000$ the profit that you are gonna make is high.

But still investing in bitcoin is not a constant profit you could probably make a profit after years of waiting compared to a company like apple or google so I don't think so.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Cling18 on November 19, 2020, 09:21:09 PM
It's possible but there's still no guarantee. Bitcoin is not a shortcut to success because it still needs hard work and lots of effort. Rich people didn't get rich instantly because most of them invested their time, money, and effort to earn more and that's just the same with Bitcoin. You still need good capital plus skills and effort. You might earn more if you'll hold and wait for the best time to sell. There are really lots of things that you have to invest in if you want to get rich through Bitcoin and I swear that it's never that easy.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: oktana on November 19, 2020, 09:31:36 PM
I keep wondering when we'll stop looking at bitcoin as some sort of investment scheme and use it for its main purpose. If we keep on this way instead of seeing it as a currency, I'm sure thing can go super badly. Cause when people start to feel that their 'Investment' is going wrong(volatility), they'll definitely pull back and to me, this can lead to a big crash of bitcoin (both as an investment and as a currency).


Title: Re: Can bitcoin make someone the richest in the world?
Post by: mangsitin on November 19, 2020, 09:50:17 PM
yes, of course you can.  it depends on how mentally he is in investing in bitcoin and also his predictions.  But don't worry, when bitcoin falls, it's an opportunity to invest, imagine! in March 2020, bitcoin price was $ 3200.  and now $ 18,000.  If in March you invested just 1 bitcoin, then your profit today is $ 14800.  extraordinary.  How if you invest 1,2,3,4 bitcoin, the greater your profit.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: DoublerHunter on November 19, 2020, 10:01:01 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
^ There are too many ways to make us richest, not only in bitcoin and also not only in fiat. It will depend on us how to manage our investment will grow faster and earn massive profit in a short period of time. Probably he is good at managing business and investing in crypto compared to physical investment are the same risk and also the same need to manage so that it will work. Nevertheless, there was a thread before that there is a young boy who owned hundreds of bitcoin that came from his grandma, as a birthday gift when the boy was young. Do you think he is not one of the richest people by now?


Title: Re: Can bitcoin make someone the richest in the world?
Post by: SaShiRaJaVu on November 19, 2020, 10:27:34 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
If you are intelligent enough to understand a business model and incorporate bitcoin then you can make money but the amount of money you are going to make depends upon the idea and the execution.

For example, I do not see Jack Ma the owner of Alibaba Group as the brightest individual and i came to this conclusion after listening to a few interviews and the dumb fold ideas he is having gives you that idea because he is naive in some of the common things and if you look at his business models what he did is copy from other companies and that made him a billionaire.

Basically what i am telling is, you do not need to be brightest individuals but investing at the right time can make wonders ;).


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Oceat on November 19, 2020, 10:44:34 PM
To make someone as one of the richest man in the world, it's either they enter the trading profession of stocks or crypto market but having this kind of profession doesn't mean you will gonna be rich in the future, it still depends on how you handle your job and money plus minimizing the risk. So in other words you will have to work hard before you attain the title as one of the richest man in the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: cryptopediabd on November 19, 2020, 10:58:26 PM
Untilled now it wasn’t. But in future u will see bitcoin holders are the richiest in the world. Hope that well will be alive at the time. But the bitcoin price should touch 1m dollar.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: JeffBrad12 on November 19, 2020, 10:59:00 PM
It should be the only satoshi who can enter the list of the richest people in the world because he's owned 1 million bitcoin. Crypto is still speculative and it's not an impossible thing to make people possible to be the richest people in the world.
Sky is the limit and bitcoin can worth maybe 200k or even more in the next decade. no one knows about this but this looks possible because crypto is still on early adoption.
When crypto worth more and more value, there will always be the new richest people.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Oasisman on November 19, 2020, 11:01:18 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Bruh, Bitcoin is like 10+ years old and nobody has the risk tolerance in putting all his net worth to Bitcoin since day 1.
If somebody has like 1million Btc equivalent to the current value, still that ain't enough to be called the richest man in the world or even in a single country.
For sure, the richest man in every country doesn't came from Bitcoin investment but came from  hard work combined with intelligence through business.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: FinneysTrueVision on November 19, 2020, 11:05:02 PM
Currently it is not possible. Jeff Bezos net worth is more than half of bitcoin's market cap. It would be too difficult for any one person to acquire such a large percentage of the total supply. Maybe in a decade from now we will see Satoshi Nakamoto himself at the top of the Forbes richest list. It is assumed he is the largest holder and it would be nearly impossible for anybody today to surpass him so if the price was high enough for someone to be the richest person alive, then Satoshi is the only one who could claim that title.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Hydrogen on November 19, 2020, 11:07:00 PM
I think the terminology to answer this question invokes: potential profit.

"Do bitcoin and cryptocurrency sectors offer enough potential profit to conceivably make someone richer than Jeff Bezos, Warren Buffett or Bill Gates?"

There are many legitimate scenarios where an altcoin like THETA appreciates 1,000%+ in value within the span of a few months. Based on this, I think the answer is yes.

https://i.imgur.com/KdcZvXn.jpg

If someone could make good market trades and harness the high growth potential of bitcoin/crypto, they could conceivably become the richest in the world.

The biggest difference between established players like Warren Buffett and crypto millionaires. Warren Buffett has been investing since 1950 and had more than 70 years to grow his wealth. While bitcoin and crypto investors have had a far shorter window to invest. It is possible that bitcoin and crypto investors will eclipse traditional finance gurus when they've had the benefit of multiple decades to work with.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Rengga Jati on November 19, 2020, 11:12:35 PM
The richest people in the world are commonly those who have their big business for not only ten years, but for tens of years, maybe even hundreds because the wealth may also be part of his inheritance. From the amounts of the years, it also gives influence how the richest people are here (although there are also some cases where they are new rich men in the world, it is small amounts).

Second, it relates to the business and industries that they concern. they may have a business that can include many things that are used by many people in this world and the products are not limited or limited but can be developed so that the business seems like there will be no end.

As what @lionheart78  said:
1. Bitcoin has a limited supply and the majority of its supply had been mined so there is a very slim chance that one person will own half of the coins.
2. Bitcoin price is highly volatile, it can crash anytime or skyrocket anytime thus making good sense investors hesitant of going all in to this cryptocurrency.
3.  Knowledgeable investors always diversify.
I also think so. '

However, can we really determine the richest person in the world doesn't involve in  Bitcoin? Or they only hide it?


Title: Re: Can bitcoin make someone the richest in the world?
Post by: milewilda on November 19, 2020, 11:20:19 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

We can see wealth rankings on the net for those most richest people in the world but you wouldnt know that there are people who are just more richer than you but do decide to keep quiet
and doesnt boast out on how much money they had owned but for sure they will surpass to those people on current rankings.
Asking if bitcoin would able to do so? It will involved multi millions or billions but only mentioning to those top or richest bitcoin wallet addresses excluding to those which are
owned by exchangers.
How much more if the price had reached out to the rooftop? that would create wealth even more.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Kelvinid on November 19, 2020, 11:25:32 PM
They are rich already before Bitcoin exist. If they will hear about Bitcoin, possibly they will just ignore it because they are also much preferred to Fiat money.
If you are a clueless person, no knowledge about trading, and investment, Bitcoin isn't able to make you rich either. But those who are already engaged in some business, run for many years, might consider Bitcoin as a long-term investment but not a thing also that could make them richer than before. They will still relying on their business than this volatile market.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: concept2 on November 19, 2020, 11:36:57 PM
Rich people invest in many different places, not a single asset. Moreover, most of them have their own companies with lots of useful product. Apple, alphabet, Amazon, etc, owners of these companies have billions of dollar from their own country valuable.

Bitcoin can make a person rich, but it is hard to make the richest person in the world. If investing was the only way to success, we would all be rich by now. Efforts, hard-work and many other elements are required to be the best of the best.

I do not need to be the richest man on this planet. I just need to have money that I can use for my daily needs. And bitcoin is a best solution. Being wealthier is people' dream, not become the richest.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Shasha80 on November 19, 2020, 11:37:36 PM
For now it is impossible to become the richest person in the world just relying on investing in Bitcoin alone,
because Bitcoin itself is new and Bitcoin users are still in the minority today. After all, to become the richest
person in the world you must have income from many sources. You cannot rely on only one source of income,
so there is always the term don't put all eggs in one basket. Which means we have to invest in many assets.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: TopT3ns on November 19, 2020, 11:39:22 PM
bitcoin can make people rich but you must know that not only is bitcoin capable of making us rich, if you have money then you can divide it for long-term investments, for example some 50% for bitcoin and the rest for companies that are needed by many people so it will make a lot of profit when the sales increase.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: uneng on November 20, 2020, 12:13:50 AM
You can't be the richest man in the world by doing something there are many other people also doing, in other words, by investing in bitcoin.
Richest guys in the world are in this position for some unique reasons that common people like us don't have access. I believe you can be rich with bitcoin investment, as I have seen already some people, but you can't be the top 1 in the world.

I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
I see the richest guy in africa nowadays is from Nigeria. He is a company owner which produces cement, sugar, gas, steel, oil, etc...
That is a practical example of what I told above. Not everyone is able to have access to such activities. These unique opportunities make this guy able to be the richest one.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: seoincorporation on November 20, 2020, 12:19:00 AM
This is totally possible, and more if we think about the million of bitcoins that satoshi is holding... Isn't hard for him to become the richest man in the world if the Bitcoin price goes up to $100,000 dollars. I know $100k sounds as a fantasy, but is possible if bitcoin gets a huge market cap like Apple's market.

But the sad part of this is it only applies to Satoshi Nakamoto, and only for him because he is the only one holding 1 million Bitcoins.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: romero121 on November 20, 2020, 12:38:51 AM
This is totally possible, and more if we think about the million of bitcoins that satoshi is holding... Isn't hard for him to become the richest man in the world if the Bitcoin price goes up to $100,000 dollars. I know $100k sounds as a fantasy, but is possible if bitcoin gets a huge market cap like Apple's market.

But the sad part of this is it only applies to Satoshi Nakamoto, and only for him because he is the only one holding 1 million Bitcoins.
Right now we're far in terms of marketcap compared to lot many large companies. Satoshi is the only person who has got the opportunity to be the richest of the world through bitcoin. On the other side Satoshi is not gonna reveal it, and this isn't gonna happen. He believes revealing himself to the community could affect the market.

We also need to think of the large scale price fluctuation which easily makes a person to the top and could get him back to the bottom list in no time. This too is stated as a reason why large scale corporate networks avoid holding their reserve in terms of bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: kentrolla on November 20, 2020, 02:37:38 AM
No, not everyone can get rich of Bitcoin it is new to the world and has a value but you can't differentiate a common business man and BTC. The core system of BTC is transacting payment without third party involvement, it's not a investment scheme.

Who knows many might be holding BTC more than Satoshi, stuff happens in the modern world. But trust me it gives opportunity for sure.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Genemind on November 20, 2020, 03:39:56 AM
No, Bitcoin cannot make you the richest man in the world. It could make you rich but not the richest, however, we all know the risk of investing in Bitcoin, anything can go side-ways. Knowledge, patience, creative idea, and hard work can make you rich.

The richest man in the world had worked hard and wise to reach the pinnacle, if Bitcoin can make anyone the richest person, everyone who had invested in it should've been rich by now.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Swopon on November 20, 2020, 05:40:46 AM
Bitcoin is a virtual money which has high demand for its limited supply. If you hold it now, it may increase later and you will be benefited for this. By this way, if you hold a huge percentage of total supply then you may considered as a richest person in the world very soon. The demand is getting high nowadays.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: sayaya17 on November 20, 2020, 05:55:02 AM
One can indeed become rich from bitcoin by taking profits from trading and investing in bitcoin. The principle of investing or trading is to buy cheap and sell at a high price.
But in reality, applying this principle would be difficult if someone was new to the world of bitcoin. Therefore, it is necessary to do research first.
Crypto currencies offer unique investment opportunities, but that doesn’t mean a person can be free of all their risks. I think all businesses have risks, and in bitcoin.
So if you want to get rich from investing in bitcoin it could be, even being the richest person from investing in bitcoin, it’s also possible.
Multiply your knowledge of bitcoin and understand all the risks until you will invest or trade Bitcoin.
Never invest or trade without the basis of knowledge and just follow others, and want to be rich instantly.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Mpamaegbu on November 20, 2020, 05:58:58 AM
Bitcoin is money, and deflationary money, while fiat is money too but inflationary (depreciating), bitcoin can appreciate the value of someone's wealth, while fiat can devalue it. But know that not fiat makes those people the richest, if not for their assests and businesses they have, they will not be rich like that, and money is just a means of exchange which bitcoin can do if gone mainstream like fiats.
Certainly, those who bought Bitcoin at ATH in 2017 will disagree with you vehemently. It's true that Bitcoin may make a few lucky ones easily rich, it's the same way it has wrecked a lot of people. We should always remember that Bitcoin and the entire crypto industry is as unstable as running waters.


A few years ago, the dude who held the highest share of Ripple rose astronomically to wealth when XRP got to $3+ ATH. Therefore, it's the same way those who hodl various tokens expect to hit it big once the tokens they hodl rise in value. If we do a little calculation around the rumoured 1,000,000 Bitcoin Satoshi Nakamoto hodls multiplied by the current price of $18,000+, that should give us an idea of the reality in affirmation to the title of this thread.

Yes, Bitcoin can!


Title: Re: Can bitcoin make someone the richest in the world?
Post by: davis196 on November 20, 2020, 06:45:33 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Yes,Bitcoin can make someone the richest man in the world,but why should we care about this?
Bitcoin is supposed to make the community of Bitcoin users and investors rich,not just a single man.
I don't think that someone is going to dethrone Jeff Bezos from his top 1 position.
Satoshi Nakamoto(if he is still alive) has the biggest chance to become the richest man in the world,but the BTC price will have to reach at least 200K USD,which is highly unlikely to happen.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Oshosondy on November 20, 2020, 07:01:30 AM
It is not about bitcoin to let holders be the richest in the world, it is about bitcoin appreciating in value and making holders getting richer, what fiat can not do. Fiats and bitcoin are not comparable, fiat can devalue and devalue without appreciating while bitcoin may devalue but appreciate or increase more than it decrease over time. If some of the richests in the world now deal with bitcoin, especially those from Africa and from countries where their fiat devalue more than normal, their worth will be more than today.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: btctalk123 on November 20, 2020, 07:04:53 AM
these thoughts are still mostly like fairy tale yes he can but now seems like it should be decent investment, you can not make millions out of nothing


Title: Re: Can bitcoin make someone the richest in the world?
Post by: maxreish on November 20, 2020, 07:12:09 AM
When a man own many bitcoins, of course he'll gonna be the richest man in the world in just a snap of fingers when huge price hike occurs , like that of the man who invested in fiat. I've found interesting fact about bitcoin millionares who owns millions of it, probably enjoying the fruit of profits by now because he got that bitcoins early years;
 
 

 As per data from BitInfoCharts, there are currently 25,031 Bitcoin addresses with a balance of $1 million or above.

 And we can't say if one person owned multiple btc addresses from that data but the fact that they are btc millionaires is an eye opener that btc can definitely make you rich or even the richest.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ethereumhunter on November 20, 2020, 07:33:18 AM
these thoughts are still mostly like fairy tale yes he can but now seems like it should be decent investment, you can not make millions out of nothing

If he can have 1k of bitcoin, and the bitcoin price can increase high more than $20k, then yes, he can become the richest person in his city or the world. But that is if he sells his bitcoin at a high price. If he doesn't sell his bitcoin at a high price, he will not become the richest person because he still holds bitcoin. We use fiat to buy something, and bitcoin can help us to have more money from holding it. If you can make more bitcoin and hold it for some time, you can become rich if you sell bitcoin at the highest price.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: adzino on November 20, 2020, 08:01:50 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
This makes no sense. It is not like that person became the richest by holding fiat currency. He become rich by investing in probably different stocks or business. Its the same way he can become rich by investing in bitcoin. If someone keeps on investing in bitcoin, does not fall for stupid scams and keeps holding until his profit goals are reached, then yeah he will be able to make profit and become rich.
But don't think it is going to be really easy. If you make mistakes, you might become the poorest person in the world. So like all other investment, invest only what you can afford to lose.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: crypticj on November 20, 2020, 08:05:14 AM
Winklevoss browsers may become the richest brothers in the world because they own a lof of btc and even own exchange


Title: Re: Can bitcoin make someone the richest in the world?
Post by: shide2020 on November 20, 2020, 08:33:08 AM
bitcoin can make people rich but you must know that not only is bitcoin capable of making us rich, if you have money then you can divide it for long-term investments, for example some 50% for bitcoin and the rest for companies that are needed by many people so it will make a lot of profit when the sales increase.


yes, bitcoin can be a source of you to be a rich man in the world but only bitcoin will not makes you to be a rich man in the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Bitstar_coin on November 20, 2020, 08:44:42 AM
I think this would have been possible 10 years back if you have bought btc at $0.01 then bought millions of it and then be able to hold it from that period till now that the price is $18,249.93  ;D, i think this is how anyone can be richest in world with btc, but this is no longer possible, many people sold their btc at different price at different stage and i don't there is any wallet who hold such huge amount of btc.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: abderrazak belkhir on November 20, 2020, 09:01:07 AM
I keep wondering when we'll stop looking at bitcoin as some sort of investment scheme and use it for its main purpose. If we keep on this way instead of seeing it as a currency, I'm sure thing can go super badly. Cause when people start to feel that their 'Investment' is going wrong(volatility), they'll definitely pull back and to me, this can lead to a big crash of bitcoin (both as an investment and as a currency).
I agree with you but the reason that make people think this way is the huge profits that some bitcoin believers made
Those people who bought hundreds of bitcoins when the price was cheap and hold them i think they are super lucky


Title: Re: Can bitcoin make someone the richest in the world?
Post by: matchi2011 on November 20, 2020, 09:19:10 AM
I think this would have been possible 10 years back if you have bought btc at $0.01 then bought millions of it and then be able to hold it from that period till now that the price is $18,249.93  ;D, i think this is how anyone can be richest in world with btc, but this is no longer possible, many people sold their btc at different price at different stage and i don't there is any wallet who hold such huge amount of btc.

Those old days where early holders really changed their lives after the bull run wayback 2017. if you do able bought millions of bitcoin
back then and you able to sell it up maybe you can be one of those richest.

But now, with bitcoin current state, it's not possible since there are many players who can overbuy bitcoin and easily manipulate
the value, there are competitions with billionaires that will interfere for being the richest man in the whole world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Vaskiy on November 20, 2020, 09:54:07 AM
With 55 bitcoin in his wallet he can be a millionaire, but to be the richest of the world require the same bitcoin in millions. Most users have mentioned the true fact of bitcoin, one can be rich through bitcoin but the same can't make him the richest. Maybe the people who are in the richest list can move their holdings to bitcoin. In such a way based on the price change one can be on the throne for some time period.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Gotumoot on November 20, 2020, 10:13:03 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Richest man in the world?
I don't think Bitcoin could do it the current richest man have a $190 BN so how many Bitcoin would that person or how many crypto would that person needs to over take that spot.
Do you think that it would be enough and how about the market volatility it would affect their Net worth so I guess it would be hard.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: GeorgeJohn on November 20, 2020, 10:51:53 AM
Already it's obvious that cryptocurrency especially bitcoin is money irrespective the way we humans comprehend it, normally we have different kinds of richness, so it's base on the area of the person's concentration in business, because looking of bitcoin traders and miners some are millionaires through trading stuff, so from my perspective or views I seems like bitcoin is what will make humans being most richest person in the world based on the person strategies and focus via cryptocurrency transactions or business if its well planned.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: CyberKuro on November 20, 2020, 11:13:24 AM
Jeff Bezos' networth is 190 billion. Satoshi Nakamoto could be owning around 1 million Bitcoins. If 1 Bitcoin would cost more than $190,000 than his networth would be more than that of Jeff Bezos', assuming it won't change, for the sake of argument. There are other individuals who hold a lot of coins, but still much less than a million coins, so Bitcoin would need to cost millions of dolllars for them to become the richest person in the world.

A long way to go, bitcoin may reach that price within 3-5 years I guess, considering stable price growth over time, it is possible.
Nevertheless, bitcoin belongs to Satoshi Nakamoto is considered as 'lost coins'. We don't know what happen to him all this time, whether he is still alive or he has thrown the coin away for good, delete the private keys. in this case, no one besides Satoshi Nakamoto could become the richest man in the world by holding so many bitcoins.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: imstillthebest on November 20, 2020, 11:58:24 AM
the only way to become richest in the world with the help of btc is to hodl more btc like you can imagine .

hundred thousand or millions of btc can already make you comparable to those fiat millionaires and you can be richer than them if the value of btc became a million dollar per piece .

 so far theres are only small number of millionaires with a small number of millions here on btc than compare to the fiat millionaires because btc was late to be created but if it happens that btc exist the year fiat exist , btc millionaires can be more powerful


Title: Re: Can bitcoin make someone the richest in the world?
Post by: nemey on November 20, 2020, 12:08:34 PM
of course, by investing in bitcoin someone can get multiple benefits, depending on how they become a smart investor. the advantage can make someone instantly rich.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ice098 on November 20, 2020, 12:15:32 PM
I think this would have been possible 10 years back if you have bought btc at $0.01 then bought millions of it and then be able to hold it from that period till now that the price is $18,249.93  ;D, i think this is how anyone can be richest in world with btc, but this is no longer possible, many people sold their btc at different price at different stage and i don't there is any wallet who hold such huge amount of btc.

Salute to those hodlers way back 10 years ago where bitcoin started at a market value of $0.01. You would wondering how these people predict the future of bitcoin. And to be honest yeah, these people were considered rich already but i dont think so if these people were belong to the list of forbes magazine of richest man around the world. If i have only a 10 bitcoin in my account in exchange in our fiat i am definitely millionaire now.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Dewi89 on November 20, 2020, 12:17:36 PM
We have a small community about bounties, one of my friends has started trading for 5 years and participated in many bounties, he gave us a small estimate that we have already earned $60k for his hard work. Can he be categorized as the new rich in cryptocurrency?


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Smartprofit on November 20, 2020, 12:39:29 PM
If the price of Bitcoin continues to rise, then in the ranking of the richest people in the world (Forbes), Bitcoin holders will take first places. 

This will be the most global redistribution of capital in human history.  Wealth will move from business people to IT specialists.  Thus, investing in bitcoins is a chance for every user of our forum. 

We are currently reformatting our world.  The world is going digital.  And Bitcoin is an important part of this new world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ultrloa on November 20, 2020, 12:44:50 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

It's hard to became a richest man in the world by just investing with bitcoin only since you need a multiple resource before you can achieve that standings, but you can possibly change your life and became rich with bitcoins so give it a try and learn the things that needed to do and be informed on scams and legit way to earn.

See the top 5 bitcoin millionaires on the link below

https://www.investopedia.com/articles/people/083016/who-are-top-5-bitcoin-millionaires.asp


Title: Re: Can bitcoin make someone the richest in the world?
Post by: AniviaBtc on November 20, 2020, 01:24:14 PM
You don't need bitcoins, but a head on your shoulders and a working strategy. The richest people always diversify their assets, they do not put all their eggs in one basket, this allows them to receive income from different sources, even if one of them stops working. Bitcoin can make you rich either through trade or hold. Think about it.

Bitcoin is not that really effective in making profits because it is not always bullish in the market.

We all know that bitcoin is volatile and it shouldn't be your no. 1 priority when it comes on looking for a good source of profits. Look for other sources of profits so that money will come to you in different ways. Don't rely on bitcoin only, still, having a professional job is necessary because the salary that you are getting from that is really stable compared to bitcoin which is doubtful when it comes to its price.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: plvbob0070 on November 20, 2020, 01:39:14 PM
Bitcoin is not mandatory to become rich, they become rich through their hard work and effort in growing their money even before bitcoin was created.  And there's a lot of ways these people know how they are going to multiply their money like investing and such. But since now that Bitcoin is quite actually doing good in the market, it can help rich people to grow their money by investing in it. However, there's no guarantee that they can be the richest person in the world. The richest man alive can invest in bitcoin but his profit from it might just be a small portion of his actual profit.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: tsaroz on November 20, 2020, 01:52:29 PM
It's been rumored that the creator of bitcoin who goes by the name of satoshi nakamoto holds a fortune of 1.1 million bitcoins. Which at the moment is valued at just 18 billion but as hoped by most, if the price of bitcoin keeps on rising, the creator of bitcoin could be the richest man in the world and we would still not know who it is or is the person still able to utilize that wealth. With so much of institutional interest, we can safely say most of the richest people in the world are already directly or indirectly using bitcoin to increase their wealth.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: taufik123 on November 20, 2020, 01:53:05 PM
when referring to current prices it is difficult to fight FIAT to make someone the richest in the world. But if the price of bitcoin can reach the price of 1 billion peritcoin, it probably will. but I do not know how much the highest price of bitcoin is, but it is very difficult to make bitcoin holders the richest people.
Bitcoin is new and still 11 years old, a young age with a limited supply of only 21 million. while the dollar will continue to print and make the richest person in the world own more than bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Subbir on November 20, 2020, 01:57:05 PM
Bitcoin may not make anyone the richest person in the world but you can make money by investing in Bitcoin. It takes patience and long-term waiting to have a good idea of ​​when the price will go up. Every rich person has worked hard to achieve success. Bitcoin investing is not possible if you do not have enough capital. Therefore, in order to become rich you have to look for other jobs and use your knowledge and intellect to work hard and move forward according to the plan the biggest tool to get rich is hard work.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: sarmrakib on November 20, 2020, 02:02:11 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Its really tough to say that a bitcoin investor became the richest in the world .I have strong believe that in future we can find someone who will be the richest in the world and being a investor in bitcoin and crypto world as well .There is still a chance that we can someone who are in the top can invest in bitcoin now lets see what happen in the next few year .


Title: Re: Can bitcoin make someone the richest in the world?
Post by: mnporter2001 on November 20, 2020, 02:07:20 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Holding a lot of Bitcoin today will bring many opportunities for you to become a billionaire but the richest in the world, I am not sure. You will have the opportunity to partner with large financial funds to perform investment missions or possibly manipulate the market. The richer the rich, the more opportunities they will have to make money as well as become a celebrity and have a great influence on the public. These are things that a lot of Bitcoin holders certainly have. ;)


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Yamifoud on November 20, 2020, 02:10:23 PM
Bitcoin may not make anyone the richest person in the world but you can make money by investing in Bitcoin.
But possible the richest people will invest in Bitcoin and get richer.

It takes patience and long-term waiting to have a good idea of ​​when the price will go up. Every rich person has worked hard to achieve success. Bitcoin investing is not possible if you do not have enough capital. Therefore, in order to become rich you have to look for other jobs and use your knowledge and intellect to work hard and move forward according to the plan the biggest tool to get rich is hard work.
Those who are willing to risk and wait for the right time will actually gain profit but for those impatient individuals, the crypto investment could be their nightmare. This is why investing isn't for everyone (even in the stock market) and for the reason that investment won't give us an instant return. This will be a long-term investment, we have to wait months, a year, or even more just to have the result unless if we are engaged in trading.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: usekevin on November 20, 2020, 02:33:00 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Actually people will not share it,if they became a richest man by the investment in bitcoin.Because they need to pay the tax ,if the bitcoin is legalised and monitor by the government where he belong to.Many rich shot had invested money in cryptocurrency.So most investing people won't share it to all.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Anonylz on November 20, 2020, 02:48:47 PM
I think this would have been possible 10 years back if you have bought btc at $0.01 then bought millions of it and then be able to hold it from that period till now that the price is $18,249.93  ;D, i think this is how anyone can be richest in world with btc, but this is no longer possible, many people sold their btc at different price at different stage and i don't there is any wallet who hold such huge amount of btc.

Salute to those hodlers way back 10 years ago where bitcoin started at a market value of $0.01. You would wondering how these people predict the future of bitcoin. And to be honest yeah, these people were considered rich already but i dont think so if these people were belong to the list of forbes magazine of richest man around the world. If i have only a 10 bitcoin in my account in exchange in our fiat i am definitely millionaire now.

Ohh man, if I can turn back the hands of time to do one thing in life, it would definitely be to flip back to 10 years ago and buy me some millions of btc and wait for 2020  8) no need to do any hardwork or anything whatsoever,
Yeah the btc early investors were damn lucky,  but I believe most of them never thought they will see btc at this price, otherwise you know what would have happened  one person owning half of btc entire supply ...... sick  :P.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: FlightyPouch on November 20, 2020, 03:04:13 PM
I don't think so. With the volatility of bitcoin, it would be really funny to see that guy going up and down the list of the richest men in the world. Bitcoin can make someone rich but I don't think that kind of heights as the richest in the world unless that person or individual is already on the list and then he invested in bitcoin or other crypto currencies as well.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Inkdatar on November 20, 2020, 03:08:26 PM
Bitcoin may not make anyone the richest person in the world but you can make money by investing in Bitcoin. It takes patience and long-term waiting to have a good idea of ​​when the price will go up. Every rich person has worked hard to achieve success. Bitcoin investing is not possible if you do not have enough capital. Therefore, in order to become rich you have to look for other jobs and use your knowledge and intellect to work hard and move forward according to the plan the biggest tool to get rich is hard work.
Those richest in the world did a hard work to earned money and it took them years to what they are today. Even in bitcoin it is not a quick scheme profit that others think when they adopt and invest their money they will become rich right away. Indeed, it requires patience, determination and hard work but of course in bitcoin a lot of opportunities and possibilities they can get.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: pinggoki on November 20, 2020, 03:23:53 PM
Of course yes, bitcoin can make people rich but I doubt on the opinion about the richest thing all over the world because even though you have so many bitcoin then you will sell it to make money, many banks will ask you where did you get all those things and you can't answer them by just telling from bitcoin so they will doubt on where you get those things. Unlike on what you have been said that
Those richest in the world did a hard work to earned money and it took them years to what they are today. Even in bitcoin it is not a quick scheme profit that others think when they adopt and invest their money they will become rich right away. Indeed, it requires patience, determination and hard work but of course in bitcoin a lot of opportunities and possibilities they can get.
What we are pointing here guys it is just bitcoin is not an key in order for you to become rich in an instant life span but you need to be more knowledgeable also and it will took some years of hard works and hardship in order for you to become rich or millionaire. Those richest person all over the world also takes the path of being poor but they work hard and strive hard in order to obtain their position in life.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: kolbalish on November 20, 2020, 03:36:32 PM
Maybe this will possible over more years. But now it is not possible yet. May be the owner of BTC enters the list of a rich person soon. But BTC is at a growing level when it will gather its experienced and make a position then nothing will be impossible for that. For this BTC should have to go a long run and have to cross all the difficulties.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Majharul Saiif on November 20, 2020, 06:04:46 PM
It is conceivable if you seek. It is also possible to become the richest person by bitcoin. All it puts up with is patience and concentration. Frivolity is fulfilled effortlessly, it seizes duration. If you squeeze into Bitcoin and conserve the strategy, then it is apparent to be in a good position or richest person.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: sapnu on November 20, 2020, 06:10:08 PM
Bitcoin may not make anyone the richest person in the world but you can make money by investing in Bitcoin. It takes patience and long-term waiting to have a good idea of ​​when the price will go up. Every rich person has worked hard to achieve success. Bitcoin investing is not possible if you do not have enough capital. Therefore, in order to become rich you have to look for other jobs and use your knowledge and intellect to work hard and move forward according to the plan the biggest tool to get rich is hard work.
Those richest in the world did a hard work to earned money and it took them years to what they are today. Even in bitcoin it is not a quick scheme profit that others think when they adopt and invest their money they will become rich right away. Indeed, it requires patience, determination and hard work but of course in bitcoin a lot of opportunities and possibilities they can get.
It is indeed true, those people who are rich right now are the people that are responsible in so many ways because they cannot achieve that goal just by dreaming, they are inserting some effort and hard work to do every task/work possible to make their dream true. Not only that, we all know that knowledge is important to success, they have the eagerness to achieve more and more by studying what they need to be able to invest their money. Everyone in here can be the richest man in the world, bitcoin can do that to you. The only thing is that you should do it yourself using the knowledge you have right now.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Kulkhan on November 20, 2020, 06:22:07 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
I am Agrss with you. I think Bitcoin is world famous digital currency. Now a days it is hot product in digital currency market. Few days ago Bitcoin price was mear about 3200$ But Now 18600? So i told that A person to be a richest man by trading Bitcoin or hold Bitcoin. And Bitcoin is a perfect things for to be a Richest man.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Rexler on November 20, 2020, 06:30:15 PM
I guess someday it might, bitcoin is still new and gaining attraction as each day goes by, with time it's going to be popular and be able to make someone one of the richest man in the world, and before you compare don't forget this people you mentioned started investing with fiat a long time ago, Aliko Dangote in particular has been in business for over 30+ years now and I believe same thing goes for Jeff, this guys have been using fiat for over three decades now, so we shouldnt start comparing bitcoin and fiat, let's give bitcoin more than to grow.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: shield132 on November 20, 2020, 06:34:32 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Why does he has to be a bitcoin user? Owning of bitcoin doesn't mean that you'll become rich. Check whitepaper at first to understand what was the idea behind creating of bitcoin!
To invest bitcoin in what? Do you mean to invest in bitcoin and become the richest man? If you would mine/buy bitcoins in 2009-2010 and sell them when price was high, buy them when price was low and wouldn't make mistakes, then - yes. If you hack the network, then maybe - yes.
You can't become a rich by just doing everything fine, there is another life behind being a rich and you have to succeed in it. You have to be strong to keep your property or someone will take it away from you!


Title: Re: Can bitcoin make someone the richest in the world?
Post by: goldade on November 20, 2020, 06:46:06 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

I think you ask this question because you do not understand what bitcoin really is. I'd advise you go through the nine pages of bitcoin's white paper and you'd realize that bitcoin was made to be a currency. Currency meant to be spent just like the US dollar and other fiats.
What you're asking is equivalent to asking if the US dollar can make one the richest man.
True, one can make money by trading in the crypto market just like the forex market but you'd realize these people don't trade to become the richest person in the world but to make a living


Title: Re: Can bitcoin make someone the richest in the world?
Post by: CODE200 on November 20, 2020, 06:55:03 PM
Any investment could make anyone the richest. But I guess Bitcoin won't make me the richest. One reason is circumstances, in order to earn huge profit from investment, you need to have a big capital to make it to the top. Especially in this technology wherein there's no consistency with the profit, which will be a struggle if your aim is to be the richest. I'd say diversify your investment in order to climb to that peak, because in such way you will generate bigger profit.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: thesmallgod on November 20, 2020, 08:26:48 PM
If you understand how long the fiat currency that these rich men have been using to invest compare to crypto you will not necessarily ask this question. This is because in a diverse world rich people make hale while the sunshine. Many of them might consider crypto as an alternative means of investment as time passed by when crypto is generally accepted worldwide because that is what matters. Some rich men that invest in financial institutions are already making use of crypto


Title: Re: Can bitcoin make someone the richest in the world?
Post by: famososMuertos on November 20, 2020, 09:26:17 PM
OP:
What is the point here (!! / ??), there is a tendency to measure bitcoin by its intrinsic value in fiat currency, it is obvious our economic mediocrity leads us to the simplicity of measuring ourselves around to the dollar. but...(e.g.) and if we think differently, bitcoin is bitcoin, one day the reference may be bitcoin.

Here you have to open your mind in the same way that the fortunes of the richest people on the planet are measured, many of the fortunes mentioned are only referenced in dollars but such amount does not exist physically in Fiat currency, there is something called assets, liabilities that generates capital assets, to make it simple without going into details that leads to for such amounts in billions of dollars of some individuals that are mentioned in different lists.

If you are lost in my idea, if you take the fortune of the richest man in the world and convert it into bitcoin at the current price, it gives you a relationship that 21 million fall short, they do not reach, because there is a real limit in quantity and price, but If you forget that you can quantify it at today's price it would be more but that much more than 21 million BTC.

With the above I only try to take you to the point that in the practical reality of the value of bitcoin, millionaires also have their bubble because their fortune does not depend on the reality of cash in a bank or on the reality of having such an amount of cash.

So it is very possible that the largest holder of bitcoin has in practice with the value of yours bitcoin in fiat more money than some of these millionaires.

G.B.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: kawetsriyanto on November 20, 2020, 09:32:51 PM
Why not? It is possible, right?
Bitcoin is one of the promising assets to make people be rich. But yes, at the same time, Bitcoin also has a bigger risk than other assets. That's because the price of Bitcoin can increase significantly but also can drop suddenly as well. Yep, the volatility of Bitcoin price can be the advantage and disadvantage of this digital asset. It depends on how smart the holders manage their BTC assets. If the holder knows very well how to take advantage of Bitcoin, then it is possible for him to the richest one. IMO


Title: Re: Can bitcoin make someone the richest in the world?
Post by: barbara44 on November 21, 2020, 05:12:44 PM
The top richest men in the world became billionaires without Bitcoin, and most of them have been billionaires before Satoshi even thought of creating Bitcoin. I can’t tell for sure whether bitcoin can make anyone the richest man, but being the richest man requires a lot of work. Maybe Bitcoin can help in boosting your wealth to the top, but you still have to be investing in other assets and also have a business that you’re doing.

Just check the richest men they all have businesses that they are in charge that’s bringing in a huge stream of income; Bill Gates has Microsoft, Jeff Bezos owns Amazon, Zuckerberg has Facebook, and even the African richest man you’re talking about has a big company, one of the biggest in Africa, and these businesses are getting them steady income on a daily, which is unlike Bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Wysi on November 21, 2020, 05:41:50 PM
Bitcoin might or might not make someone the richest person in the world but it have the potential to change the life of someone from below poverty line to an average household pay, When I say bitcoin will improve the standard of living for some people I mean it through the opportunity Bitcoin has created through various channels including the signature campaigns here. At some or the other point, the richest will use and adopt bitcoin and it's not bitcoin which needs richest or make someone richest rather it's the richest who needs bitcoin and it's other people who need bitcoin to improve their standard of living, control over their money rather than regulators having access to their asset.

Again Bitcoin is not a ponzi get rich quick scheme it was designed to make our life and transactions easier but it's used as an investment medium. 


Title: Re: Can bitcoin make someone the richest in the world?
Post by: acener on November 21, 2020, 05:43:59 PM
If Bitcoin alone then no because it have a limited supply but with the help of other crypto then there is a chance.
But who would risk their Billion Net Worth on crypto?
Billionaire's wouldn't put everything they have in crypto so I don't think that crypto could make someone the richest person in the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: zasad@ on November 21, 2020, 08:22:09 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
It's too early to do research. Bitcoin was seriously talked about in 2017, before that it was not interesting for most investors.
For example, if you read this book, you will learn a lot about people who became millionaires by investing in cryptocurrencies.
https://www.amazon.fr/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X


Title: Re: Can bitcoin make someone the richest in the world?
Post by: emrecemsan on November 21, 2020, 09:11:22 PM
Actually, Bitcoin can make someone the richest in the world I think. Because it is a volatile cryptocurrency like others. It was worthless once but now we are talking about 18-19k dollars. I think it has the potential to do much better than this. So, we could see the richest person in the world who will make it with Bitcoin in the future.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Yatsan on November 21, 2020, 10:34:46 PM
Probably that thought is possible but hard to tell and make be evident because mostly those billionaires have already existed in the world even before Bitcoin comes to existent. Also, those billionaires are now becoming interested on purchasing and holding Bitcoin due to its value making them become even more richer than before. So, if you wanted to become the richest people in the world with Bitcoin, then you must be the one who have very patiently hold your earned quantity of Bitcoin since it was established at a low price for it is now very pricey to have even 1Bitcoin on your account. There could be a possibility that one of the richest man could be produced by Bitcoin but still it could not be fast enough to make happen for the fact that fiat billionaires take time before they have attained and achieved the position they are currently in to.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: EdenHazard on November 21, 2020, 11:49:08 PM
Probably that thought is possible but hard to tell and make be evident because mostly those billionaires have already existed in the world even before Bitcoin comes to existent. Also, those billionaires are now becoming interested on purchasing and holding Bitcoin due to its value making them become even more richer than before. So, if you wanted to become the richest people in the world with Bitcoin, then you must be the one who have very patiently hold your earned quantity of Bitcoin since it was established at a low price for it is now very pricey to have even 1Bitcoin on your account. There could be a possibility that one of the richest man could be produced by Bitcoin but still it could not be fast enough to make happen for the fact that fiat billionaires take time before they have attained and achieved the position they are currently in to.
And holding bitcoin for very long time is like mission impossible as whenever the price marking new ATH you'll get lured to sell some of it and you might ended up with very little amount of bitcoin or even hold nothing anymore when the price did really reached the moon at millions dollar or so. Unless if you are satoshi who holding 1 million bitcoin until now , then everything is possible to become the richest man in the world as individual.

Still .. relying to become richest man in the world on bitcoin investment alone it's mission impossible for me, you need to have a real (multi-national) businesses running to support .


Title: Re: Can bitcoin make someone the richest in the world?
Post by: LogitechMouse on November 22, 2020, 12:15:53 AM
Is there any way someone can use bitcoin to invest and become the richest in the world?
If you bought Bitcoin when it is at its lowest price of at least you are mining at that time and holding of your Bitcoins up until now then you might be "ONE" of the richest in the world but not the richest one.

After all it will depend on how you trusted Bitcoin and how much did you invest. Bitcoin can be used to be rich but still there are some factors in it like how good are you in investing or at least trading since it is easier to get rich there.

Businessmen don't depend on a single investment only, its just that the one you investigated doesn't have any investments on Bitcoin at all but maybe in the future who knows and now that more institutions are investing into it he might think of investing too.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Faisalul on November 22, 2020, 02:56:32 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
The answer is yes. Crypto trading can be richest you. So, Trade on bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: taufik0911 on November 22, 2020, 03:37:08 AM
I think it is impossible for someone to become the richest person in the world because of bitcoin at this time
At the current price of bitcoin you need to have at least around 20 million bitcoins to match Jeff Bezos' wealth
but it is different if what you highlight is altcoins it is very possible that there are people who can become the richest people in the world because they do not depend on 1 asset


Title: Re: Can bitcoin make someone the richest in the world?
Post by: carlisle1 on November 22, 2020, 05:00:35 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
This is the problem with you people,You are comparing Bitcoin to any business though this is far different from each other.

Bitcoin is a currency and must be use as payment method,The problem is the nature in which the early adopters Made big Money just by Holding thats why People inside crypto tend to Keep holding for a chance of becoming instant millionaire.

But your point is correct that Richest people might not know or not investing in crypto But they continue to get richer.
While people inside this market are still seeking for a Jackpot that their coin will Go mooning and their Money will multiplied by hundreds.

Start having a life outside this market,Just use this for investing and work and progress outside.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Akash1243 on November 22, 2020, 08:19:02 AM
I dont think anyone will become richest person in the world just by investing in bitcoin, you have to think why would anyone put all his money in one place with soo much volatility.Currently Jeff Bezos richest man in the world have net worth of 190 billion dollars you would need atleast 10 to 11 million bitcoins to match that price and I dont think that much bitcoin would be with a individual.All the top rich persons have business and investments in many fields, with bitcoin you might can become rich but not the richest.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: malikg18 on November 22, 2020, 09:52:03 AM
Bitcoin can make rich not richest.yes if someone invested before 2016 and forgotten about his investment, Now he is richest.Actually when we see greenery in market we take profit and do not wait further which is a good method.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: GDragon on November 22, 2020, 10:45:41 AM
Man, I'm sure the richest of the rich in this world became rich because of business and multiple investments from different platforms, maybe some invested in bitcoin too. And I think someone can be rich here, but I'm also sure he will try to create business in fiat too just to be among one of the richest. Capitalism makes them rich too btw, in bitcoin or in fiat, it will be the same.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ChrisPop on November 22, 2020, 11:44:20 AM
The act of holding Bitcoin is considered an investment by itself and taking into account the ROI multiples one can make in just a few years I'd say that one can become very rich without leveraging their Bitcoins on other investments.

Of course that you could get a loan using BTC as collateral and use that money for other profitable endeavors, but this way you increase the risk.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: MCobian on November 22, 2020, 02:05:55 PM
If we can analyze Bitcoin price movements, then we can buy Bitcoin when the price is cheap and sell it when the price is high.
Bitcoin should theoretically be able to make someone the richest in the world. But this is when the practice is difficult and requires
luck for everything to run smoothly and according to plan.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: minhkhoa on November 22, 2020, 02:35:22 PM
I think since bitcoin was born. It has changed many aspects of our life such as trading, technology and it is bringing many changes and opportunities for young people to enter the crypto market. They invest in Bitcoin and bring wealth than other fields are real. but we should understand that not everyone can become rich if he does not have a clear understanding of Bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ChrisPop on November 22, 2020, 02:39:11 PM
I think since bitcoin was born. It has changed many aspects of our life such as trading, technology and it is bringing many changes and opportunities for young people to enter the crypto market. They invest in Bitcoin and bring wealth than other fields are real. but we should understand that not everyone can become rich if he does not have a clear understanding of Bitcoin.

I think the term we should use here is WEALTHY, not rich. Someone can win the lottery and be rich, but someone like that will likely slowly lose its net worth because he does not know how to manage that kind of money. He will most likely buy a mansion and two-three super-expensive cars.

Someone who holds Bitcoin long enough is not the kind of man who sells everything for a house because if he was, he would not hold it for higher profits once he has the necessary amount to buy the last series 8 bmw, or ferrari. :)


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Josefjix on November 22, 2020, 02:41:40 PM
If eventually one person sells 13 million bitcoins today he/she would overtake Jeff Bezoz to be the world richest person. That will be very fatal to Bitcoin and the economy. So Bitcoin can't make anyone the richest person but it can definitely make you rich with volatility from the previous price you bought it.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: posi on November 22, 2020, 04:06:22 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
The richest man in Africa maybe a businessman but it certain that he diverse his investment commodity and the last time i checked most of the billionaires prefer Gold above fiat. However, if he investment in Bitcoin he won't tell you because 90% of Bitcoin whales don't publicly declare they are Bitcoin enthusiast or investors.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: k@suy on November 22, 2020, 11:01:43 PM
Man, I'm sure the richest of the rich in this world became rich because of business and multiple investments from different platforms, maybe some invested in bitcoin too. And I think someone can be rich here, but I'm also sure he will try to create business in fiat too just to be among one of the richest. Capitalism makes them rich too btw, in bitcoin or in fiat, it will be the same.

Its undoubtedly that having a single token of bitcoin was a real high worth if it would exchange in fiat. But knowing the richest man alive on earth could possibly be by just dealing full time in bitcoin i bet would take for some time though it isn't impossible but the legalization of bitcoin would be a big factor for it. As far as i know becoming a richest man shouldn't have to focus in a one kind of platform of investment and that's how the richest man alive today does.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: chanler on November 22, 2020, 11:56:30 PM
If you are comparing the richest man from Bitcoin and other industries, of t-curse, the one from industry will be the winner. they have run the industries not only for several years. they are also developing their companies very well and also they have big investors. But in Bitcoin, the supply is limited and it cannot make anybody reach in the short time.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: aysha9853 on November 23, 2020, 12:57:44 AM
I don't think so, because the supply of bitcoin every few blocks or years has decreased due to halving, a person's wealth is not measured by money alone, maybe certain assets such as houses and cars and stocks will be counted as the richest person in the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: TitanGEL on November 23, 2020, 01:11:19 AM
I think since bitcoin was born. It has changed many aspects of our life such as trading, technology and it is bringing many changes and opportunities for young people to enter the crypto market. They invest in Bitcoin and bring wealth than other fields are real. but we should understand that not everyone can become rich if he does not have a clear understanding of Bitcoin.

I think the term we should use here is WEALTHY, not rich. Someone can win the lottery and be rich, but someone like that will likely slowly lose its net worth because he does not know how to manage that kind of money. He will most likely buy a mansion and two-three super-expensive cars.

Someone who holds Bitcoin long enough is not the kind of man who sells everything for a house because if he was, he would not hold it for higher profits once he has the necessary amount to buy the last series 8 bmw, or ferrari. :)
A lot of people are having misconception wherein they think that being wealthy and being rich is the same and the truth is they are not the same where they have different ideas to each other. How can you say you are wealthy or rich? You can yourself rich if you have a lot of cash wherein it measures on how much money do you have unlike wealthy it measures about time wherein how many days will you survive. I learn this by reading a lot of financial books. You can be wealthy even if you are not yet rich. I also like to comment wherein a lot of people who are becoming rich because of lottery are suddenly losing all of it because they do not have right financial education. There is statistics that saying that more than 90% of people that are winning in lottery are becoming poor again. There are now a lot of people who became wealthy wherein they protect the money that they gain in the market wherein they build empire and they have passive income.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: bounceback on November 23, 2020, 02:09:47 AM
Bitcoin could make you rich and poor because if wrong prediction you will loss all your money when bitcoin go down, but if you get correct prediction price you will be rich with bitcoin and altcoin investing or trading. Now you have try how to get much money with bitcoin and lear every time how many possible for bitcoin back to higher price, do not entry when bitcoin have been on the top price, please be waiting when bitcoin have correction price to buy and sell bitcoin because will give impact for bitcoin to get good position and you can get much profit later, many people will be panic to buy when bitcoin have been on higher price but panic for selling when bitcoin dump.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: The cure on November 23, 2020, 02:31:44 AM
They became the richest person because they have multiple business scattered in different fields and maybe they had invested in crypto too, but bitcoin alone i think it couldn't be possible to happen. But Bitcoin can also give you wealth if you know how to ride the flow of fluctuations, we do not know to what extent bitcoin can thrive and what else it can bring us in the future.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: manfredmann on November 23, 2020, 02:49:34 AM
Yes, in bitcoin investment if this will keep coming up with bitcoin market all things will become possible. The rich man investing in bitcoin can become the richest or could surpass other rich people eventually due to the fact that profit earning investing in bitcoin could get a good return in just a few years of holding it. Imagine the last bull run was 2017 and now the current is 2020. In just 3 years bitcoin market had been making great. Aside from that the in just 2020 january where market had been crushing like falling down to 3K$ and it did make 6x market price increase just this year only.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Question123 on November 23, 2020, 03:59:02 AM
They have many people are became rich through the bitcoin but in the richest in the world I don't think so. We know richest person having hundreds billions of dollars. I do not know how much the highest profit that a person in the crypto made but for sure a lot of millionaire because their invested to the bitcoin only became billionaire.

The more investing you make to bitcoin before the high possibility for you to earn a lot of profit or become a rich person.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: proTECH77 on November 23, 2020, 04:49:13 AM
Yes, with the signs bitcoin is showing to the world by steady pumping show with time many richest will be coming from bitcoin. Since fiat money is more older than bitcoin in the world and many investors are use to fiat money in the area of investment. During the pandemic many investors, now know how good bitcoin is in the area of investment which anyone can can use to enrich his self in the country. Many currencies devalue during the lockdown which was causing bitcoin a serious pumping through out the pandemic that make many people rate it the best currency among other cryptocurrencies.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: carlisle1 on November 23, 2020, 04:51:30 AM
Business can help to reach a man very rich and very soon. On the other hand, business can destroy a man or any companies. So, it is dependent on luck. Bitcoin is also same thing, a man can be rich by using bitcoin and also destroyed by it.
nope business never rely in luck mate because this is not true.

Business must be something that we know,our passion and with willingness and dedication.

ALl that factor is what a Business owner must have,and also a Heart because running a business is not only by Mind and soul,But also with our heart.

Though OP's point at some part is indeed,You cannot find in Bitcoin what can amde you rich in a span of time.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: blckhawk on November 23, 2020, 06:15:48 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Well, Bitcoin is just new compared to fiat besides, fiat is more widely used across the world than Bitcoin. If Bitcoin does become popular and more accessible for everyone then I could say it is possible to make us the richest.
Personally, I don't think Bitcoin would be enough to make a person the richest in the world alone right now. Richest people do have a lot of business they run and that is why make them the richest. A single business alone would not be sufficient to make you the richest. It can make you wealthier yes but a single investment won't do.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Yamifoud on November 23, 2020, 08:03:24 AM
Yes, with the signs bitcoin is showing to the world by steady pumping show with time many richest will be coming from bitcoin. Since fiat money is more older than bitcoin in the world and many investors are use to fiat money in the area of investment. During the pandemic many investors, now know how good bitcoin is in the area of investment which anyone can can use to enrich his self in the country. Many currencies devalue during the lockdown which was causing bitcoin a serious pumping through out the pandemic that make many people rate it the best currency among other cryptocurrencies.

No, as I looked into that case, seeing Bitcoin pump its value, that would just in a certain period of time and it drops again making them poor.
Some people get a huge profit from Bitcoin but not literally it becomes them rich just like how those popular market creators do. It doesn't mean that if you have 1 BTC, you are already rich because that will just vanish after a short while. Maybe owning 100BTC makes it possible but only those millionaires/billionaires can have it, not the normal people just like us.

People can make good money in Bitcoin but not it makes them/us riches.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: shoreno on November 23, 2020, 10:07:37 AM
to be able to invest in bitcoin you need money ( fiat ) . if you now have a bitcoin and its value is now expensive you can invest that btc directly to other asset or you can pull out its value in fiat form and do same thing which is investing on other asset .

that way you can increase ypur wealth faster because you dont depend on btc alone and you can be soon the richest people in the planet . btc isnt all mined so even if you own all the mined part of btc i think this wont be enough to make you rich in the whole world


Title: Re: Can bitcoin make someone the richest in the world?
Post by: finaleshot2016 on November 23, 2020, 04:34:56 PM
Yes, if you invested a lot of money during the $5k before the quarantine occurs and waited for this bull run, you can become rich.
We aren't sure yet if it will be stuck at $20k maybe more than that.

If you just repeat the process of investing in cryptocurrency since it's guaranteed that it will pump, then it's possible to become the richest in the world because of bitcoin if it exists for the long term. The more you invest, the more you will gain but it's a huge risk if you're not wise on your investment.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Onuohakk on November 23, 2020, 05:11:06 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who uses fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
I know of someone in Africa that Bitcoin made him what he is today. He is mega-rich now. He invested hugely before the 2017 bull season. He's still trading on Bitcoin up to date
The level of richness depends on the opportunities that come your way and the way you utilized them.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: oprahwindfury on November 23, 2020, 06:01:41 PM
Fiat investment will bring benifit if business strategy and business runs properly. At bitcoin section it depends on bitcoin market and supplies,demads, trade volume, specially the price.2020 is an example , at the beginning  bitcoin price was like 3k usd but now it's a 18,353.80 usd today. A lot of people invested in bitcoin as this is the most popular crypto currency. So it is possible to be rich with bitcoin but of course it needs patience.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Rohitm2430 on November 23, 2020, 08:58:51 PM
Bitcoin (BTC) Price Analysis and Price Prediction 2021

ALT Coins- Ripple CTO (https://thenewscrypto.com/ripples-cto-david-schwartz-lost-300000-over-altcoins/) lost his crypto in Altcoins.

Bitcoin gained +2.6% in the last 30 days.
Bullish Bitcoin price prediction for October 2020 can go over $11200.
Conservative Bitcoin price prediction for 2021 is $7,000.
Bitcoin bullish price prediction for October 2021 is up to $22,000.

Read More: BTC Price prediction 2021 (https://coinquora.com/bitcoin-btc-price-analysis-and-price-prediction-2021/)


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Lorence.xD on November 24, 2020, 02:45:11 AM
Fiat has more leverage to be honest, there are more institutions that are more inclined to do business with fiat money and I think that leverage is a big problem for someone who wants to get rich via crypto currency. It is still possible although you will be facing a lot and the biggest one is volatility, like the bitcoin market volatility, your place as the richest in the world will also be volatile as your asset changes in prices every second. The other problem is that you will be a big sitting duck for financial institutions to criticize your assets and your business model, they also are lobbying with government officials which makes it harder for you as laws can bind you down whenever they want to conspire against you.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: iTradeChips on November 24, 2020, 05:38:38 AM
Even the Bitcoin millionaire Satoshi Nakamoto is not at the top of the richest peoples list. Also if you only have a limited amount of coins and you are not really "earning" so to speak then you are at the mercy of the market. Your one million can be worth billions or cents. So I think there would be no real crypto wealthy because they will diversify their money to other businesses and technologies and that will make them more wealthy. Bitcoin and a combination of assets and investments will make you wealthy at the top.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Tahamina321 on November 24, 2020, 10:47:17 AM
Already it is apparent that cryptocurrency, particularly bitcoin, is cash irrespective of the way in which we people realize it. Usually, we've different sorts of richness, so it is base on the realm of the individual's focus in the enterprise. As a result of trying of bitcoin merchants and miners, some are millionaires by buying and selling stuff, so from my perspective or views, I look like bitcoin is what's going to make people being richest individual on the planet based mostly on the individual methods and focus through cryptocurrency transactions or enterprise if it is properly deliberate.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: sitwac on November 24, 2020, 10:59:38 AM
Defice rich? Venezuela has the largest reserves in the world but it is not in the best economic conditions and without clearly highlighting the other high demand natural resources such as Cortan. Suppose that if in the future Bitcoin is in the highest valuation you could see that the one who managed to accumulate a large amount of btc will have a large amount of purchasing power compared to others.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: bryant.coleman on November 24, 2020, 11:05:02 AM
As per Forbes, Jeff Bezos is the richest person in the world, with a wealth measured at more than $180 billion. Now the question is, can someone own Bitcoin worth that much amount. Since the Bitcoin market cap is $350 billion , theoretically that is possible. However I am not sure that there is enough liquidity in the market to maintain the prices even after selling all or a part of these coins.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ZZ8ZZ on November 24, 2020, 11:11:21 AM
I do believe is possible however it's gonna be hard because of the liquidity in the market. I also think that many of the richest people in the world already own a decent amount of coins, so they'll just become more and more rich. BTC already made lots of normal people millionaires and it'll keep making new and new ones more and more often in the near future when the price continues to go higher.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: dificanovi on November 24, 2020, 11:57:43 AM
In general, the richest person in the world is a businessman, but there are some of them who invest in bitcoin. the richest people in the world must be working hard at jobs in the real world because they get the real results.
In my opinion, we will not be the richest people in the world if we only invest in bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: rodskee on November 24, 2020, 12:09:20 PM
There is no such thing mate because Bitcoin is a currency we have just misunderstand this and use wrongly,same reason why there are many negative approach on our precious coins as scammers have found this profitable for them also.

What i believe is Bitcoin can Help people become a millionaire by adopting the technology to their businesses and to Make the world easy living with the help of blockchain and cryptocurrencies.

I do believe is possible however it's gonna be hard because of the liquidity in the market. I also think that many of the richest people in the world already own a decent amount of coins, so they'll just become more and more rich. BTC already made lots of normal people millionaires and it'll keep making new and new ones more and more often in the near future when the price continues to go higher.
Wrong perception ,What OP is asking as like a regular Business that bitcoin can be comparable?the answer is a big NO.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: NelfiNovita on November 24, 2020, 12:34:02 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

it is not easy to become the richest person in the world because we need a lot of money, if we have a lot of money we will definitely open a business or business in the real world first. to date I haven't seen the richest person in the world just investing in bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: mezzaluna on November 24, 2020, 02:56:28 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Of course it would be possible. Bitcoin's versatility on how we can earn them is one of the best things about it. If that man can mine Bitcoin 24/7 with a proper mining equipment, that investment would return at a fast rate in which would yield greater profit. We can also work to gain Bitcoin and earning them now is easy but we need necessary knowledge to do that.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: jerrison on November 25, 2020, 09:43:55 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

The richest man in Africa and the world may not have made their fortunes through bitcoin but if you were to profile the bitcoin millionaires and the time frame taken amass the wealth and compare to the Richest men and the time it took them to get that same amount of wealth you will understand why time is of great importance to everyone and most importantly in business.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: CoinPeer on November 26, 2020, 04:18:53 AM
There is a stark difference between the rich and the rich all over the world.  You can be rich if you want.  But you can't be rich all over the world if you want to.  It requires you to have extraordinary knowledge.  Many people are able to live a better life by using Bitcoin.  Many people have got the opportunity to live a better life by investing in Bitcoin.  But they will never be the richest in the world.  The richest people in the world do not invest in Bitcoin, but they do support Bitcoin.  And the proof of this is Bill Gates.

      "BITCOIN IS EXCITING BECAUSE IT SHOWS HOW CHEAP IT(FINANCIAL TRANSACTION) CAN BE. BITCOIN IS BETTER THAN CURRENCY IN THAT YOU DON'T HAVE TO BE PHYSICALLY IN THE SAME PLACE AND OF COURSE FOR LARGE TRANSACTIONS CURRENCY CAN GET PRETTY INCONVENIENT"
 
            -BILL GATES
   co-founder of microsoft


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Vishnu.Reang on November 26, 2020, 07:14:07 AM
Time required for becoming a billionaire is coming down nowadays. Warren Buffett became a billionaire on 1990, when he was 60 years of age. On the other hand, Bill Gates became the youngest American billionaire at the age of 31 (1987). Then Mark Zuckerberg set a new record when he came a new billionaire at the age of 23. I am damn sure that the individual who overtakes Zuckerberg will be a Bitcoin billionaire (it may have already happened). 


Title: Re: Can bitcoin make someone the richest in the world?
Post by: fridrix21 on November 26, 2020, 08:42:19 AM
People who invested in bitcoin at the very beginning, in 2009, are now one of the richest people in the world, but now I don't think it will be possible to do that. Bitcoin will no longer grow hundreds of times. But he still makes money.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: bitterguy28 on November 26, 2020, 09:01:03 AM
Good point to tell people things that they don't need to expect in this cryptocurrency because many of us here receives wrong information about the use of crypto and they think that this is like a lottery that all you need is to bet and wait for the win.

Or a Dream that in an instant we can be a millionaire,But thisis not what bitcoin and this is not the way we must handle this.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Negotiation on November 26, 2020, 01:12:13 PM
You have to undertake to urge rich nobody are often rich without diligence people like Gates have found his success through diligence and you're now trying to assist me become the richest person within the world How can your help be adequate to my help that day i noticed that the newspaper seller was richer than me. Because he didn't await someone to become rich to assist People got to understand that the truly rich are those that have more abundant hearts than tons of It is extremely important to be truly rich.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: lifeforcepools on November 26, 2020, 01:53:42 PM
Unless you own most of all bitcoins, no. The money supply in the world is too large.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Debonaire217 on November 26, 2020, 02:32:25 PM
In the first place, you don't need to be acknowledged to be one of the richest man in the world if your area is on Bitcoin. You are free to do whatever you like and you are free not to disclose the number of Bitcoins you have. We might not know, there might be someone richer than those who are using Fiat money, they might be just practicing to master perfect holding of their Bitcoins.

Anyways, we cannot compare the wealth of a bitcoin holder to those who are using Fiat as the conversion of Bitcoin isn't permanent and not a good basis to really value bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: mezzaluna on November 26, 2020, 04:39:27 PM
Unless you own most of all bitcoins, no. The money supply in the world is too large.

I mean, the question is "can Bitcoin make someone the richest" is already a bit to broad so owning most of all the Bitcoin cannot still make you the wealthiest man on earth. It would only lift you as someone who has a great supply of Bitcoin and that someone might be the richest within the Cryptocurrency Industry and not the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Digitalbitcoin on November 27, 2020, 05:51:07 AM
I would like to mention that Bitcoin itself has a '0' value. But has great potential to make anyone rich.

Bitcoin is an excellent platform for investment and also provides great tools to enhance profit by diversifying your investments in other altcoins easily.

Using the right tools and platform to earn higher profit also requires knowledge, and experience including expertise.

But still, Bitcoin has the potential to make someone the richest in the world. And it requires patience.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Brugu software solutions on November 27, 2020, 11:57:19 AM
 Bitcoin has great potential to make anyone rich in the world.

In general, the richest person in the world is a businessman, but there are some of them who invest in bitcoin. the richest people in the world must be working hard at jobs in the real world because they get real results.

In my opinion, we will not be the richest people in the world if we only invest in bitcoin.

Bitcoin (BTC) and other cryptocurrencies have disrupted everything they have touched — including banking, hedge funds, law enforcement, health care, and real estate to name a few. Blockchain technology and cryptocurrencies are set to revolutionize many industries, yet this is only the beginning.

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Title: Re: Can bitcoin make someone the richest in the world?
Post by: Sparrow96 on November 27, 2020, 12:31:37 PM
Hey, mate. I believe a particular currency won't make you richest. You need hard work, proper plan etc. You will be able to make money on both Fiats and Cryptos. You should know how to use your fund. If Bitcoin price rise so high in the future, your portfolio will increase (in case you hodl BTC). But just hodling won't make you richest I think. Though Satoshi might be the richest if BTC price rise to $88,000 (https://www.google.com/amp/s/mashable.com/2017/12/12/bitcoin-satoshi-trillionaire.amp)


Title: Re: Can bitcoin make someone the richest in the world?
Post by: btctalk123 on February 08, 2021, 06:11:46 AM
if someone already has got money as elon musk does so yeas


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Ludmilla_rose1995 on February 08, 2021, 06:21:55 AM
Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: 0t3p0t on February 08, 2021, 06:28:51 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Anyone can be a rich one on any field depending on the effort and strategy they devote to it. Bitcoin actually made some peoples fortune changed. Fiat and any other assets do the same.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: btctalk123 on February 08, 2021, 06:58:00 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Anyone can be a rich one on any field depending on the effort and strategy they devote to it. Bitcoin actually made some peoples fortune changed. Fiat and any other assets do the same.
not the same I know people who bought btc with a few thousands of $ and then sold and bought a few houses now living almost free


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Kittygalore on February 08, 2021, 07:07:10 AM
Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.
Well in terms of the amount then we can consider someone the richest in the world. For example, satoshi could be the richest person if bitcoin were to hit 100k USD, but that will be far fetched because satoshi never sold the coins but right now, holding more than what satoshi owns is very difficult. And for the record the richest man of all time is not Elon Musk, that would just be the 1/10 of a scale for that person and that is Mansa Musa, the king of Mali Empire where he is so rich that he made an artificial inflation because he is buying a lot of souvenirs on his way to Mecca.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ololajulo on February 08, 2021, 07:16:10 AM
A rich person can invest in bitcoin but to make someone the richest in the world, it is possible but if you'll make it like that, there are a lot of other contenders if that's the category. Making someone rich through bitcoin is possible. Going with the plain category of making someone rich through bitcoin, this is much better to say because the richest people have their own technology that made them part of the richest. Zuckerberg, Bezos, Gates ,etc.
The interesting thing about the anonymous coin is the confidentiality of your wealth, your neighbors may not know your worth if you are the conservative type. Speculations in cryptocurrency states that 150k value of bitcoin will give more than half of the world billionaires. I think if the top coins can stay above trillion of dollars in coming months there will be more wealthy cryptocurrency traders.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: torrantz on February 08, 2021, 07:45:48 AM
Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.
in my opinion,the only chance of bitcoin making someone becomes the richest (by only investing) is once almost all of the people around the world already adopt bitcoin as payment method. By that the value could significantly increase and therefore also increase many of bitcoin holders worth.
Other than that, the only possible way is to create crypto company that generates revenue so big it competes with amazon, google or the likes but that also depends on cryptocurrency adoption aswell.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Renampun on February 08, 2021, 09:12:01 AM
*This is still a debate in economy class...
You could say Bitcoin is able to make someone the richest in the world but Bitcoin is still not recognized by the world government so it will be difficult to make claims. If we agree with Satoshi is the richest man because of his ownership of many Bitcoins then what about other crypto owners such as Vitalik, CZ, and Justin Sun.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: maculeth on February 08, 2021, 09:30:27 AM
possible, although the probability is only 7%. if someone bought the entire supply of bitcoin in 2009 and sells it now when the price goes up to the moon, wouldn't he have brought a lot of money?  ;D

that sounds funny, because there are so many platform owners and big world entrepreneurs who occupy that position.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: bryant.coleman on February 08, 2021, 10:00:11 AM
Does anyone know how many coins are owned by the Winklevii now? At one point, they were holding around 150,000 BTC. At current exchange rates, that would be close to $6 billion. For them to become the world's richest, Bitcoin prices need to rise by around 34x. Other large-scale individual holders include Garvin Andresen and Roger Ver. Both of them own more than $4 billion in BTC.

But the largest individual owner has to be Satoshi Nakamoto, and his stash is estimated at somewhere between BTC980,000 and BTC1,200,000. As per the current exchange rates, this stash would amount to $38 billion to $47 billion. Still a long way behind Jef Bezos ($195 billion).


Title: Re: Can bitcoin make someone the richest in the world?
Post by: 7788bitcoin on February 08, 2021, 10:11:42 AM
You could say Bitcoin is able to make someone the richest in the world but Bitcoin is still not recognized by the world government so it will be difficult to make claims. If we agree with Satoshi is the richest man because of his ownership of many Bitcoins then what about other crypto owners such as Vitalik, CZ, and Justin Sun.
You do not need a government to recognized to become a million when you book your profit. If you were lucky enough to invest in bitcoin during the initial years and then have the patience to hold the coin for a very long time, then you could become a millionaire and there are many that made millions in the cryptocurrency market and then are a exceptional few that made billions.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Pasnik on February 08, 2021, 10:13:19 AM
Of course yes they invest in bitcoin and manage it properly and now they are rich,some of rich are not totally have more bitcoin they not only invest in one but in many investment platform.As long you know to manage your money you will be rich in your own way. Look elon musk he have a small of amount of bitcoin but if you see his one of richest people.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: MyCryptoDomains on February 08, 2021, 10:28:52 AM
Maybe not bitcoin but cryptocurrency tech in general?


Title: Re: Can bitcoin make someone the richest in the world?
Post by: mano786 on February 08, 2021, 11:23:50 AM
A rich man can invest in bitcoin yet to make somebody the most extravagant on the planet, it is conceivable however on the off chance that you'll make it like that, there are a lot of different competitors if that is the class. Making somebody rich through bitcoin is conceivable. Going with the plain class of making somebody rich through bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Alucard1 on February 08, 2021, 01:40:52 PM
Fiat currency is still dominant over bitcoin and it will never be changed even in the future because the government won't still accept cryptocurrency and besides some countries are looking for bitcoin to get lost but it will never happen.
Being rich with the help of bitcoin is quite possible, imagine if you bought bitcoin way back in 2017 and hold it until now then for sure you are now rich especially if you bought a big amount of bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: geegaw on February 08, 2021, 02:55:05 PM
Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.
Indeed, a new and risky field, that turned out to be a tough challenge and restrained many from being the richest through bitcoin, but most recently Tesla reported investing over a billion dollars in bitcoin, the big bosses have started to notice, the price of bitcoin has skyrocketed, although I cannot say anyone will be richest with bitcoin but I can say many people are getting rich with bitcoin, Bitcoin created more rich people. However, perhaps many people will not disclose their finances with bitcoin as this is still an area where governments want to control and establish taxes.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: saffira on February 08, 2021, 03:46:14 PM
Almost all industries or businesses used fiat money. If they will use bitcoin, not all people will be their customers. Also, the volatility of bitcoin can affect businesses. Bitcoin also has limited supply, it may help us to become rich but not the richest man.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: bosede1 on February 08, 2021, 03:57:28 PM
I don't know about the claim of becoming the richest in the world with Bitcoin but I know that Bitcoin can make you rich. To become the world richest you should know that your investment must worth your aim of becoming the richest.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ninabobo on February 08, 2021, 04:15:33 PM
Obviously yes they put resources into bitcoin and oversee it appropriately and now they are rich, a portion of the wealthy don't thoroughly have more bitcoin they put resources into one as well as in numerous speculation stages. As long you know to deal with your cash you will be wealthy in your own specific manner. Look Elon musk has a modest quantity of bitcoin however in the event that you see his probably the most extravagant individual.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: velive08 on February 08, 2021, 04:48:40 PM
if someone is the richest person in the world it is impossible, because bitcoin is only limited to buying and selling without any development. but if you make the poor rich because bitcoin is there and real.
remember being the richest person is not as easy as having 1000 or 2000 bitcoins. You are required to always make innovations and developments according to the year like what Elon Musk did with his company's products. this is so amazing.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: natalia stark on February 08, 2021, 06:02:54 PM
it is true that bitcoin can make someone the richest man in the world but it is also a risk because the whole network is base on the internet and no one can trace the money back to you.
I can easily say it is worth the risk but do not invest everything in it unless you have nothing else. bitcoin can sustain your life for the time being like nowadays market is good. what if the bubble burst then what will you do if you need money?

it is safe but risky and life is all about taking big risks so....


Title: Re: Can bitcoin make someone the richest in the world?
Post by: 3meek on February 08, 2021, 06:10:01 PM
One might consider the example of the Winklevoss brothers... They once invested a large ($11M) amount in bitcoins! And now they are billionaires... And such a story is not the only one in the bitcoin era! ;)


Title: Re: Can bitcoin make someone the richest in the world?
Post by: xenodata on February 08, 2021, 06:37:58 PM
I'm not in love with Winklevoss brothers, but its nice to see recognizable people enter and stay in the space for years.

Gives me more confidence in their product which I guess they're going to be offering interest accounts soon.  Not super sure how I feel about those, but if they can guarantee deposits (or at least have a good plan on how to), it seems like a good product.



Title: Re: Can bitcoin make someone the richest in the world?
Post by: Rehan Zakir on February 08, 2021, 06:57:15 PM
Yes! It is possible. I think a person who buys Bitcoin in cents . Now, He is the billioner. If we go back ten years, the price of bitcoin is nothing. But now the price of Bitcoin has gone up a lot. Bitcoin has changed the lifes of peoples.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: TribalBob on February 08, 2021, 10:20:01 PM
To become the richest in the world I don't think you can, but the richest in one area of ​​residence could be, because.  Having 10btc alone can live in luxury and more than enough, even if it is processed properly it can support the children and grandchildren later


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Twentyonepaylots on February 08, 2021, 10:30:14 PM
Rich yes, but richest, I highly doubt it. There has to be a network of assets, business and enterprises that would allow anyone to even get the chance to be at the top 10 richest in the world. Bill Gates for example, is for certain not solely relying to his business at Microsoft to get the seat, he for sure has a lot of assets, businesses, and other more modesof income that gave the guy his rightful status.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: milani on February 10, 2021, 03:10:24 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

First of all rich people not always are public and they do not always share to the whole World their thoughts or all sources of their wealthy. The richest person in Africa is not the onliest one, there is a list of them - some of them invested in diamonds, oil and retail, some of them are industrials or owners of conglomerates or companies that made them rich.
And the second important thing - everyone tryes his own possibilities and moves his own way in order to reach something, and it may be metal, gold or oil, or it may be cryptocurrencies, finances and so on. And some people may become rich because of lucky circumstances 😉🙂 like lots of people who invested in Bitcoin at the very start, they even did not imagine that may wake up some day millionaires))) So it depends on the person and on what is more suitable personally to him.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: angrynerd88 on February 10, 2021, 03:20:02 PM
Numerically it has been demonstrated and conceivable that Bitcoin can make billionaires.If bitcoin cost goes on to six digits, perhaps there can be known or obscure people who can ended up billionaires, so hypothetically it's conceivable. But at that point once more, like all other speculation disobedient, you ought to truly know how to play and take advantage of the market to at slightest make a benefit here. Fair keep in mind though that bitcoin isn't the reply to destitution or instant arrangement to somebody to create a part of cash in brief sum of time.So patience,Planning, skills needed there.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: emmybd on February 13, 2021, 05:06:49 PM
These days, crypto is in the limelight and more and more people are preferring crypto more than traditional currencies to get rich quickly.
Now the question arises can we get rich by investing in crypto? Yes, one can get rich by investing in crypto, even if not the richest. But the interesting part is it fully depends on one's luck and correct analysis. One can be rich overnight. But he needs to do the proper analysis. He has to be aware every moment. One can't be rich overnight. He has to do a proper investment in proper crypto. Otherwise, he can also lose a lot of money too. Prices of crypto can go up anytime. At the same time, it can go down at any time. One has to be mentally prepared.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Pamadar on February 13, 2021, 05:20:30 PM
Have you already possessed a huge amount of BTC or maybe you're a talented hacker? Then yes, you have all perspectives to become one of the richest men on the earth with a help of BTC. In all the other cases you are a little bit late (for at least on 10 years). Today's price is too high to invest huge amount of BTC for a ordinary person with average salary. It’s good if you have an opportunity to hodl even one BTC.

For now, only rich person can take that advantage to earn more.

Rich people are capable in playing with this investment, they can convert their assets to this investment and earn a lot. with how this market  is working currently, and with those many institutional investors who also seeing the potential, becoming the richest person is achievable by means of Bitcoin only if all the people will also bring their investment to this market..


Title: Re: Can bitcoin make someone the richest in the world?
Post by: btctalk123 on February 16, 2021, 07:02:26 AM
it's already happened  look at Elon Musk


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Mistafreeze on February 16, 2021, 08:32:44 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
It has already made many billionaire. All founders of top 10 exchages, and so many anonymous whales all are rich because of Bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: jjdub7 on February 16, 2021, 09:06:06 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

In my opinion, at least in the near future, this is not very likely.

Even if Bitcoin reaches $ 100,000 next year, as some estimates suggest, this is still not very likely.

The largest wallet at the moment has 168,791 BTC.

And the richest man so far is Elon Musk with 188 billion, which is equal to 1 880 000 BTC (if the price is 100 000$/BTC)  ;D


Title: Re: Can bitcoin make someone the richest in the world?
Post by: zanezane on February 16, 2021, 09:46:33 AM
it's already happened  look at Elon Musk
No it didn't Elon was first introduced as the richest man before the Tesla's 1.5 billion USD bitcoin purchase. Technically if you own 5 million bitcoin, you can surpass Elon's network by around 2 folds so in technical aspect, bitcoin can make you the richest person in the world. The only problem is how can you cash out all those bitcoin to make more money to have your title as the richest person in the world stay.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: jonas5222000 on February 16, 2021, 01:12:59 PM
Investing in bitcoin is a gambling you cannot predict what will be the price in future or every year but Im pretty sure that its price gonna be hit a hundred thousand dollars ,as of now many influencer uses crypto and currently most influencer now enter in crypto example elon musk the man behind of tesla product there are some news about he was planning to use bitcoin for payment about his product and much at all he talking about doge so he gave an impact about the price of it just look at the market when he was started to post about it.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: okissabam on February 16, 2021, 01:33:11 PM
In my honest opinion, it could make someone the richest in the world but you would have a lot of money too in fiat to invest then because how will you buy bitcoin without fiat money. Just like Elon Musk, he bought bitcoin in a huge amount of money wherein no one with a mediocre status could have that amount to spend just to buy bitcoin because it is a gamble and an investment.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: GideonGono on February 16, 2021, 01:47:58 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
I think Bitcoin or crypto could make a person rich but not the richest in their country or in the world.
It could only happen if someone who is already super rich would convert their money or everything into Bitcoin and the price after they done it would go up.
But those rich person wouldn't just rely on it they would only invest partial of their whole asset into crypto they would rather have business that is way more secure on making profit than risking it all in investing in crypto.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: panganib999 on February 16, 2021, 01:58:36 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
I think Bitcoin or crypto could make a person rich but not the richest in their country or in the world.
It could only happen if someone who is already super rich would convert their money or everything into Bitcoin and the price after they done it would go up.
But those rich person wouldn't just rely on it they would only invest partial of their whole asset into crypto they would rather have business that is way more secure on making profit than risking it all in investing in crypto.

This idea is definitely a very possible because as we all know bitcoin is one of the most big deal thing today. Because of its value and all time high records, most of the people are amazed and want to invest to it right now. For me, it is not too late to invest in bitcoin but you need to have a good, better and enough understanding in order for you to have a meaningful, and profitable journey in bitcoin. If your goal is to become rich in bitcoin, you will not able to achieve it if you only focus on the profit or earnings, you must also improve yourself, decision making and as well as your savings. Be wise and be smart in everything and all of your hardwork will be harvest in the future. You will get rich.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: ukw on February 16, 2021, 04:10:53 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

With such jumps in the price of Bitcoin, any Bitcoin holder can become very rich. There are many people who gather wealth in various ways and cryptocurrencies will prove to be one of the newest ways to do this.

This can be seen in the growing interest in them BTCBTCBTC


Title: Re: Can bitcoin make someone the richest in the world?
Post by: jintruder on February 16, 2021, 04:15:10 PM
No doubts, by 2030 Satoshi Nakamoto will be the richest person in the world. We will live in a very interesting world, by that time Bitcoin will cost $1000000 and 1 satoshi will be $1.  8)


Title: Re: Can bitcoin make someone the richest in the world?
Post by: huff87 on February 16, 2021, 04:40:33 PM
If we are talking about investing now in bitcoin, I think it can't make someone richest in the world, because it is too expensive now to buy BTC for ~47k dollars, but if someone invested a lot of money in bitcoin like in 2009-2011 period, then it will be the richest in the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: AakZaki on February 16, 2021, 09:12:14 PM
Being the richest in the world with bitcoin, I don't think I can. Who will compete with Elon Musk as the richest person in the world today. Even the elon company Tesla bought $ 1.5 Million in Bitcoin.
To become the richest in your neighborhood or in your country you probably still can, but you must have a lot of bitcoins from the past when the bitcoin price was under $ 1 and can hold it to this day.

The richest people in the world do not only rely on bitcoin, but have made a lot of investment, they have built many companies, so it is not only from bitcoin that they are the source of their wealth. Bitcoin is only a small part according to them.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: CarnagexD on February 16, 2021, 10:55:46 PM
Bitcoin has only been in the market for about a decade, so we can safely say it's still in its infancy as of the moment. Nonetheless, what we could guarantee is that it will open doors for everyone who invests in it, especially now that more and more people are getting into the train. It may not make someone the richest person on the planet, but it can definitely aid in making everyone who invests in it rich. Which I believe is better than just having one person at the top.
Being the richest in the world with bitcoin, I don't think I can. Who will compete with Elon Musk as the richest person in the world today. Even the elon company Tesla bought $ 1.5 Million in Bitcoin.
To become the richest in your neighborhood or in your country you probably still can, but you must have a lot of bitcoins from the past when the bitcoin price was under $ 1 and can hold it to this day.

The richest people in the world do not only rely on bitcoin, but have made a lot of investment, they have built many companies, so it is not only from bitcoin that they are the source of their wealth. Bitcoin is only a small part according to them.
Such established individuals will do everything they can to retain their status and position in the society, that is a bigger problem for people who would want to become the richest through bitcoin in my opinion.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Quidat on February 16, 2021, 11:45:29 PM
So lets make some calculation.

Let say you do own 21M of Bitcoin on its current price then you would be having 1 Trillion US dollars but well this is impossible of owning those 21m coins.

Also those richest man in the world isnt really that too far off.

Rank   Billionaire   Wealth (Jan 6, 2021)
#1   Elon Musk   $188 billion
#2   Jeff Bezos   $184 billion
#3   Bill Gates   $132 billion
#4   Bernard Arnault   $114 billion


Title: Re: Can bitcoin make someone the richest in the world?
Post by: AakZaki on February 17, 2021, 07:34:22 PM
Bitcoin has only been in the market for about a decade, so we can safely say it's still in its infancy as of the moment. Nonetheless, what we could guarantee is that it will open doors for everyone who invests in it, especially now that more and more people are getting into the train. It may not make someone the richest person on the planet, but it can definitely aid in making everyone who invests in it rich. Which I believe is better than just having one person at the top.
~snip~
Such established individuals will do everything they can to retain their status and position in the society, that is a bigger problem for people who would want to become the richest through bitcoin in my opinion.
Elon Musk takes advantage of all kinds of opportunities to make himself more known and increase his wealth assets. For example, with Bitcoin. Ordinary people will not be able to become the richest in the world with just bitcoin because people above like Elons Musk do have to maintain their position. just look at his twitter followers has reached 46 million followers and that's amazing, he is able to control the price of bitcoin or other altcoins easily with just his twitter.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: N2CoinOfficial on February 23, 2021, 01:40:45 PM
yes of course, That person was Satoshi Nakamoto and the founder of bitcoin he was having more than billion of bitcoin in his hand.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Wipeout2097 on February 23, 2021, 03:16:32 PM
Ofcourse,But too be beyond any doubt hazard calculate moreover there, that turned out to be a intense challenge and controlled numerous from being the wealthiest through bitcoin, but most as of late Elon musk company detailed contributing over a billion dollars in bitcoin, the enormous bosses have begun to take note, the cost of bitcoin has skyrocketed, in spite of the fact that it cant claim anybody will be wealthiest with bitcoin but I can say numerous individuals are getting wealthy with bitcoin, Bitcoin made more wealthy individuals. In any case, maybe numerous individuals will not uncover their funds with bitcoin as this is often still an region where governments need to control and build up charges.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Momoamzad on February 23, 2021, 06:16:45 PM
Why not? already there are so many people having many more bitcoin on their hand and think how much $ USD they are belonging. Satoshi nakamoto  he himself has a lot of bitcoin . If you have BTC you are millinior oviusly


Title: Re: Can bitcoin make someone the richest in the world?
Post by: btctalk123 on August 19, 2021, 12:16:23 PM
 why not once this person withdraw money he will be the richest


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Elsaveronicha on August 19, 2021, 01:19:56 PM
Of course there are, there are already many people in this world who are rich because of investing in bitcoin.  if we look at the price of bitcoin at first it was only $ 1 but now the price of bitcoin has reached $ 45k.  it was so amazing.  People who have long invested in bitcoin are certain to become rich.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: conected on August 19, 2021, 02:34:54 PM
Of course there are, there are already many people in this world who are rich because of investing in bitcoin.  if we look at the price of bitcoin at first it was only $ 1 but now the price of bitcoin has reached $ 45k.  it was so amazing.  People who have long invested in bitcoin are certain to become rich.
- Not too many people store the first value of bitcoin until now, even they have spent as well as exchanged and given to anyone in the past as a gift, there is no retention criteria, Bitcoin rich people have only appeared in the last few years and honestly, probably only a few billionaires here with bitcoin, not the richest people in the world here, based on the market cap rate is enough for me to determine this problem, bitcoin needs to be higher for the next few years to bring in the richest king


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Semar Mesem on August 19, 2021, 02:46:15 PM
Of course there are, there are already many people in this world who are rich because of investing in bitcoin.  if we look at the price of bitcoin at first it was only $ 1 but now the price of bitcoin has reached $ 45k.  it was so amazing.  People who have long invested in bitcoin are certain to become rich.

The size of rich is different every place, if in the USA have $10 million not yet rich, but with $10 million in my country then already rich, with a price of $45k then bitcoin can make me rich if I have at least 200 btc, now I have around 0.0157 btc and wish I could rich if bitcoin price reaches at least $1 million.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: mrongoz_imut on August 19, 2021, 02:48:25 PM
can bitcoin make someone the richest person in the world,, in my estimation, someone can make people rich with bitcoin, because there is a lot of evidence that we see now, when bitcoin first appeared, it could be said that the price of bitcoin was very low, most likely people who bought bitcoin at that time, is now a rich person..


Title: Re: Can bitcoin make someone the richest in the world?
Post by: bitzizzix on August 19, 2021, 03:20:47 PM
Can bitcoin make someone the richest person in the world? if in the world it seems impossible because in this world many of the richest people are not because of bitcoin or only partially invest their wealth in bitcoin and but not entirely because of bitcoin.
if bitcoin can only make people change their lives for the better individually or can turn them into wealth, it is possible and should be able to distinguish the richest in the world and only the rich, but all of that requires a long process and hard work and intelligence in thinking, because nothing is instant and besides that the richest people in the world have this mindset of the richest people different from ordinary people.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: bosede1 on August 19, 2021, 04:34:26 PM
I can tell you is what you googled and see that you know, do you ever imagine someone who bought an amount of bitcoin back in 2009 and has never sold, you can't know because they didn't declare their values to the world to know. Is very much possible to become the richest in the world through bitcoin but I don't even care about the richest as far as we have examples of people who have become rich through Bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Shohanur on August 19, 2021, 07:11:07 PM
Is there any hesitation about it? Of course bitcoin makes a man rich and bitcoin has already proved it. If we think about the price of bitcoin on 5 years back then we will be able to find out the difference from current market place.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Sihab76 on August 19, 2021, 07:45:51 PM
If you consider the richest man in the world, elon musk a crypto currency investor . He a bitcoin and doge coin holder. He always improving dogecoin by different positive announcement. Satoshi nakamota 44th richest man in the world who the inventor of bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Mikayla Buckley on August 20, 2021, 09:01:21 AM
Yes, it can make you the richest person in the world.
It can also make you nothing. ;D


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Obito on August 20, 2021, 09:44:04 AM
maybe for the current price we can say it is impossible to make someone rich using bitcoin, but we can understand a few years earlier with the bitcoin price level reaching a very high price it is not a very impossible thing to make someone able become a millionaire from the investment results of the crypto world
I disagree, Satoshi has a million in bitcoin since he was the first miner of bitcoin and given the current price of bitcoin, I can already tell you that Satoshi is the richest person in the world right now because he would've around trillions of dollars.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: blue_nexus15 on August 20, 2021, 10:00:28 AM
Quote
Is there any way someone can use bitcoin to invest and become the richest in the world?
That is the ambition of everyone in this world. Not just investing in bitcoin but any other form of sustainability and the possibility of profit. we have heard about real estate, gold, stocks,...etc. Until bitcoin becomes a preferred type to look for opportunities. I came to bitcoin with that same hope, but it will take a long time to achieve, but I still follow my dream step by step. I don't hope to become the richest person in the world, I just hope it achieves a big change in my life. Lol


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Ucy on August 20, 2021, 10:14:41 AM
If you want to determine the richest person in the World, you should try to understand or know who owns this Earth. I think he/she/they should have the power to control the affair of the world. How are you sure he/she is not a Bitcoin user and cares alot about Bitcoin? I definitely think he/she exist and is a Bitcoin user.

By the way, the CREATOR of Heaven and Earth makes you Rich (True Riches) not Bitcoin


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Quidat on August 20, 2021, 10:37:57 AM
If you want to determine the richest person in the World, you should try to understand or know who owns this Earth. I think he/she/they should have the power to control the affair of the world. How are you sure he/she is not a Bitcoin user and cares alot about Bitcoin? I definitely think he/she exist and is a Bitcoin user.

By the way, the CREATOR of Heaven and Earth makes you Rich (True Riches) not Bitcoin
Lets skip about that divine manner and stick out on what we are talking about riches in terms of money and i dont really believe much about those rankings which we can see on world ranks.
There would really be those people who are more richer than on to those who are on the list and making someone richest in the world through bitcoin? Of course it could really make him
be on the ranks basing on how much he do possess and how much is the value of bitcoin but wont still be able to beat out into those people who are sitting on the elite ranking which
are totally anonymous or hadnt been known yet.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: macson on August 20, 2021, 10:54:08 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Cryptocurrency is a new thing and bitcoin is still not recognized in many countries so that holders with lots of assets find it difficult to enter the list of the world's richest people.  if cryptocurrencies are adopted and recognized globally then we will see millions of newly rich people from crypto enter the list of the richest people in the world, i'm pretty sure it will happen in the next few years.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: AicecreaME on August 20, 2021, 11:45:54 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

There are many other ways to be rich aside from bitcoin. While it is possible to become rich because of cryptocurrencies, you should know that there are many other people who are also aspiring to be wealthy with it. Hence, it's still better to diversify if you'll ask me. Many other sources of income is great if you really want to be on the list of top richest people in the world. Diversified fund allocation is a must. Different investment vehicles are of important to generate more money.

Also, please be reminded that bitcoin isn't a get-rich-quick type of scheme. It is volatile and you should know that its price value depends on what season the market is currently at. For someone to become the richest man in the world, first, he must have a lot of bitcoin to begin with. After that, he must wait for Bitcoin's value to mature and go up higher than the value when you compared to the net worth of the richest person and then divided by his number of bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: BobK71 on August 20, 2021, 01:56:09 PM
The word bitcoin was defined in a white paper published on 31 October 2008. So definitely we can say the bitcoin’s arrival is not so late. It is a decentralized digital currency that is why no one can not recognize him or her as the millionaire if he or she willingly express him/her self. But the way its price has gone up in the last few years makes it very clear that people have found huge profits from it. I think if all the countries of the world give legitimacy then we will get more richest man in the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: haleema on August 20, 2021, 05:02:39 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.


You are right, every business you can start with fiat even if you want bitcoin you need fiat or any other currency, in 2011 i don't know about Crypto currency but i always interested in new technologies so my friend given me 100 BTC in just 250$ and written in paper the wallet id's and ask me to safe it, in 2013 again he told me return it to me and i will pay you 500$ i said Ok and i am very happy that time but know i think why i sell.
Fiat is stable
Bitcoin All time high

   


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Mr.sprin on August 21, 2021, 05:18:30 AM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
can be friends, bitcoin investment can enter the richest person in the world as long as there is a lot of capital then now you invest and in the future you will be included in the list of the richest people in the world.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Hughes_Ryan on August 21, 2021, 06:10:54 AM
I think there will be a lot of people who can afford to invest and get rich in this market, but who knows if they will become billionaires, millionaires or not.  Firstly, people who get rich from bitcoin, they don't need to brag about it.  Second: with the risk nature they can accept.  No one can confirm this.  OP's story is no exception, they have many different categories/categories to get rich.  It is completely natural.  No one denies that we are here for profit, for profit taking and accumulating


Title: Re: Can bitcoin make someone the richest in the world?
Post by: caryoscar on August 21, 2021, 06:31:30 AM
Jeff Bezos' networth is 190 billion. Satoshi Nakamoto could be owning around 1 million Bitcoins. If 1 Bitcoin would cost more than $190,000 than his networth would be more than that of Jeff Bezos', assuming it won't change, for the sake of argument. There are other individuals who hold a lot of coins, but still much less than a million coins, so Bitcoin would need to cost millions of dolllars for them to become the richest person in the world.

Bitcoin and legal currency have one thing in common. They will not choose the rich and the poor. They can be used by anyone. Bitcoin is still in its infancy. Investing in Bitcoin and holding it for a long time will allow you to achieve wealth freedom. (The key point is still Are you rich in fiat currency). For those who are expected to realize the freedom of wealth, then accumulate your bitcoin amount little by little now and recharge your beliefs. This is the most effective way.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Zilon on August 21, 2021, 06:51:42 AM
We calculate wealth based on accumulated asset and investments. Bitcoin is not a generally accepted mode of investment and so can't be used to calculate the networth of the richest man. But the truth remains the richest men still have some block of bitcoin reserved in their wallets and once it becomes a generalized legal tender then it's would be used in calculating individuals networth.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: marilynmanson21 on August 21, 2021, 02:25:45 PM
why ,have bitcoins to be the richest in the world?.
I think every rich technology literate person will definitely have their investment in bitcoin. but not as much as their fiat and real treasures that they use on a daily basis.
bitcoin is not a measure of everyone's wealth because many aspects are seen and
there are plenty of other competitors if that's the category.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: electronicash on August 21, 2021, 02:49:15 PM

if you are one of the johnny-come-lately but still have the billions to invest in crypto, you still could be rich but perhaps not the richest through Bitcoin. there is a way like having your own crypto exchange and make it popular than binance, then it's possible to accumulate BTC through your exchange. this method will probably make you spend millions too and getting homeless might be the result if you can't make it popular than binance.

why not just limit your expectation like, you get richer than what you are once you invest in BTC. it's more attainable.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Kong Hey Pakboy on August 21, 2021, 03:15:16 PM
why ,have bitcoins to be the richest in the world?.
I think every rich technology literate person will definitely have their investment in bitcoin. but not as much as their fiat and real treasures that they use on a daily basis.
bitcoin is not a measure of everyone's wealth because many aspects are seen and
there are plenty of other competitors if that's the category.
You're not answering the question and also you need to learn grammar because no matter how much I want to read your sentences, they don't make sense. Now to answer the question, I think that if you have enough bitcoin and the price of bitcoin is just right, you can probably become the richest person in the world, I think about a million of bitcoin right now could make you a trillionaire.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: MIner1448 on August 21, 2021, 03:40:31 PM
He certainly won't make him the richest man in the world, but at least you can provide yourself for bread with black caviar if you invest in it correctly. The richest people in the world always adhere to different types of investments, cryptocurrency alone will not make a person the richest.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: 19Nov16 on August 21, 2021, 03:53:37 PM
He certainly won't make him the richest man in the world, but at least you can provide yourself for bread with black caviar if you invest in it correctly. The richest people in the world always adhere to different types of investments, cryptocurrency alone will not make a person the richest.

The size of rich is certainly different, in my country people who have an income of about $ 1 million per year are rich, bitcoin has the potential to make anyone rich, large profit opportunities up to hundreds of percent per year so many people have earned millions of dollars from bitcoin and he has become rich .


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Snappycoco on August 21, 2021, 04:44:01 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Unless you were one of the believers since 2011 or below, there's less probability that you will be rich only by investing in BTC. In the other hand, if you were one of believer then possibly it could make you rich. Think if you invest a thousand dollars back then, it could give you millions right. You might not be the richest but you will be there. Furthermore, it will take a lot of work to be the richest man in the world. Knowledge, experience and things like perseverance will lead to total financial freedom but only holding a BTC right now will not make you the richest.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: mojun7982 on August 21, 2021, 08:41:36 PM
I think this one is easy to be answered: If ever anyone becomes the richest person in the world with Bitcoin, it is probably Satoshi Nakamoto. I don't think there is a person or institution owning more than a million Bitcoin. In theory it could be possible though. If someone is a billionaire and slowly buying when Bitcoin was worth Cents, who knows. It is not entirely impossible. I am not exactly sure, but when Bitcoin was first traded on the very first exchanges I believe in 2010, it was traded for prices like $0.03. But that's is what I am trying to say, wouldn't that person be totally crazy when Bitcoin hit $1,000 to not sell? That is like 3,333 x, how can you even hold further?


Title: Re: Can bitcoin make someone the richest in the world?
Post by: verita1 on August 21, 2021, 09:08:02 PM
OP, poses a fair question in our crypto space, that of meeting the richest person in the world through bitcoin.

Perhaps we are not close to the annual list published by the American business magazine Forbes. For example the richest man is Jeff Bezos with $ 177 billion.

Also according to Forbes the richest men who have invested in their crypto businesses.

Brian armstrong
Net worth: $ 6.5 billion

Sam Bankman-Fried
Net worth: $ 4.5 billion

Chris Larsen
Net worth: $ 2.9 billion

Michael Saylor
Net worth: $ 2 billion

Changpeng Zhao ("CZ")
Net worth: $ 1.9 billion

To name a few, this list represents the 2020 stats we will likely see Michael Saylor improve his rating in this category for next year.

The big investments in bitcoin barely happened in those last two years, it is only the beginning and they will be noticed very soon.

https://www.forbes.com/sites/jeffkauflin/2021/02/02/meet-the-11-billionaires-cashing-in-on-bitcoins-wild-rise/?sh=86a43d66ba29 (https://www.forbes.com/sites/jeffkauflin/2021/02/02/meet-the-11-billionaires-cashing-in-on-bitcoins-wild-rise/?sh=86a43d66ba29)


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Kayum10029 on August 21, 2021, 10:08:02 PM
Many people from Bitcoin have been seen going to overnight but the richest in the world. C. Z. Allready, owner of the Binary Exchange, is one of the richest people in world.  He only earns money from cryptocurrencies.One of the richest people in the world today.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Wong Gendheng on August 22, 2021, 07:09:12 AM
Many people from Bitcoin have been seen going to overnight but the richest in the world. C. Z. Allready, owner of the Binary Exchange, is one of the richest people in world.  He only earns money from cryptocurrencies.One of the richest people in the world today.


Yes right, I believe Binance voter income is bigger than Jack Ma, every second there are thousands of transactions and that is a huge value, this creates strong pressure from the government so currently binance implements KYC verification.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Peanutswar on August 22, 2021, 07:30:56 AM
We don't need to become dependent on the cryptocurrency to become rich there's a lot of other ways to earn money as the statement given by the OP there is a lot of millionaire without having bitcoin and investment in crypto because they have the talent to handle and grow the money again the market of the crypto is volatile and if you are just starting with your business and other stuff to get rich it's better to invest in a secured path. The market change of the crypto is not for the people who become rich in just an instant holding a coin it's all about the strategy to handle the risk.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Shawn20 on August 22, 2021, 07:51:56 AM
Carrying or buying Bitcoin will never make anyone rich in the world. The person need to know the Trading thing and need to know when to invest because without the perfect timing, all of money will be in vein.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Kusman on August 22, 2021, 11:30:25 AM
It depends on the amount you invest into Bitcoin. The more the investment, the more money you get in the end. And by the way, I've heard that Satoshi Nakamoto is already the richest person in the world technically. Satoshi is continuing to hold their Bitcoins and I don't think that they will ever convert their coins to fiat.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Vishnu.Reang on August 22, 2021, 01:13:38 PM
Satoshi's coins (BTC980,000 according to most reliable estimates) are worth $48 billion as per current exchange rates. The richest person in the world, Jeff Bezos is now worth $177 billion (after his ex-wife took away around one-fourth of his wealth). It is a very simple calculation. If Bitcoin exchange rates increase by another 269%, then Satoshi Nakamoto will be the richest person on the earth. But there is a catch though. We still don't know whether Satoshi is alive or not. And even if he is alive, we don't know whether he is having the private keys to access his coins.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Qirtov on August 22, 2021, 01:18:21 PM
Bitcoin makes it very possible for someone to be rich, but to become the richest in the world it will be difficult. The richest people in the world are usually because they have their own innovation or technology. If you only follow Bitcoin investment, you may be left behind with people who have greater innovation. But Bitcoin really bears being able to change a person's fate, especially in terms of the economy, many of the traders who suddenly got rich by investing Bitcoin. So it doesn't matter not being the richest person in the world as long as your needs can be met and have additional income from Bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Shohanur on August 22, 2021, 11:48:09 PM
Yes bitcoin can make a person rich because it is most profitable. People are generating money by trading, holding and taking many advantages from bitcoin and thus people are getting rich by bitcoin.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: Sanugarid on September 08, 2021, 02:48:27 PM
I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

Investing in BTC could make you rich but it's not enough to make you the richest person in the world. You may be one if you managed to buy probably a million worth of BTC way back in 2010 but just as I've said it's not enough to compare to billionaires who generate billions of money every day and have made many investments that will generate more money.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: celot on September 08, 2021, 02:52:29 PM
It all depends on the amount of how much money you invest. If the value is very large, it might happen. However, usually someone who is the richest in the world will not publish his wealth in the community, perhaps there are many considerations other than security and comfort.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: adeyemirichard71 on September 08, 2021, 03:56:45 PM
Yes of course you can in a matter of time and likewise how financially you are, what i know is that if you get alot of money you can really invest and become more richer but for some people who aren't financially buoyant you can start from something and keep investing and get your interest.
If you are Rich you can only invest on Bitcoin and it only depend on how much large you go for it to be become Richer or Richest.


Title: Re: Can bitcoin make someone the richest in the world?
Post by: suboo112123 on September 08, 2021, 04:50:15 PM
If you can invest in BTC at right time then you will be rich definitely. My personal idea is that BTC prices are never down.