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Author Topic: millionaires of the world, be reminded...  (Read 1771 times)
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November 20, 2016, 03:59:52 PM
 #21

It is not that you need whole 1 bitcoin or that bitcoin is limited to only full units. I am wondering why Op is addressing his words to people who already are rich.
I would rather won't have current millionaires have bitcoin. What is wrong with ordinary working people having it instead?


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November 20, 2016, 04:39:52 PM
 #22

It is not that you need whole 1 bitcoin or that bitcoin is limited to only full units. I am wondering why Op is addressing his words to people who already are rich.
I would rather won't have current millionaires have bitcoin. What is wrong with ordinary working people having it instead?

Thus only millonaires can only have 1 btc or more? If you are determined to earn 1 btc per month or even for a year, i think it was really possible. Hardworking is the key to success to have at least 1 btc. A person can start a small investment and keep it rolling. I know its hard to earn 1 btc but if you are determined, you can think of another way to earn the certain amount that you wish to have.

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November 20, 2016, 05:28:52 PM
 #23

It is not that you need whole 1 bitcoin or that bitcoin is limited to only full units. I am wondering why Op is addressing his words to people who already are rich.
I would rather won't have current millionaires have bitcoin. What is wrong with ordinary working people having it instead?

that is my point: not enough whole bitcoins around even for the wealthy elite. not enough for them, not enough for us, not enough at all. on the other hand: currently one btc only costs $728,-

get them NOW... Wink
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November 20, 2016, 05:35:47 PM
 #24

dear milionaires,


the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.

there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.

edit: typo
There might be an economic crisis on the way, but what makes bitcoin a good investment now? Most millionaires are not stupid and they are very well prepared when it comes to hedging their money in anticipation of some sort of dramatic event, much like an economic collapse. The more you have, the better hedged you are.

Plus, if you look at the market right now, most are probably waiting for the trough. And the market looks really keen on giving them one.
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November 20, 2016, 05:46:57 PM
 #25

I think there is more than 16 millions millionaire. That's even sure. Just in Europe there is probably more than that.

I made a search on google to see how many millionaire on Europe and I found the following information on Wikipedia. You could verified the information by yourself at the following link.

https://en.wikipedia.org/wiki/Millionaire

High Net Worth Individuals.
Europe 3.41 million $10.9 trillion

I hope on my lifetime to be able to reach that status Wink

yeah but in the world, not in europe alone, and we should diversify by low millionare with 1 2 million nd higher millionare with plenty of millions or trillions

You don't have to be a millionaire,
anyone who has the ability to earn $750, even if it takes you weeks or months,
would be wise to invest in at least one Bitcoin.
Even if you have to save money by not going out as much, cooking meals at home instead of eating fast food, etc,
owning a little bit of digital currency is a wise investment.

yes but not everyone can actually buy it, because if everyone start to buy now the second buyers that buy one bitcoin will already need to pay $751 and so on, so in the end only millionare can buy the majority of bitcoin, remember that bitcoin is limited and the majority of bitcoin will not be sold at current price
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November 20, 2016, 06:06:04 PM
 #26

I think there is still a massive pump to come first, before we see a crash, they havnt rode this high enough yet
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November 20, 2016, 06:31:16 PM
 #27

dear milionaires,


the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.

there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.

edit: typo



It's never enough to remind people the importance of owning at least 1 full BTC. People can't perceive this because the price is still more or less affordable, but soon they will realize how much of a mistake it was to not buy BTC monthly, as much as possible, trying to buy and stock on them. 3 figure per Bitcoin will be soon a thing of the past and there will be a lot of depressed people when they realize their mistake. Those are the idiots that are constantly waiting for "the perfect price" instead of buying at whatever price, because all prices are good in the long term.
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November 20, 2016, 06:38:15 PM
 #28

But the issue that op is raising to millionaires I believe are those who dont know or who have no idea about Bitcoin because I am so certain that there is no millionaire who is on this forum or read what OP stated that is not already having at least 1 Bitcoin and then the issue is the others that are no here are those ones the message should be directed to...

Also the economic crises of 2008 came and went as well and the rich people were still standing, that was even before Bitcoin so if another should come I dont see their wealth eroded away simply because they did not invest in Bitcoin...

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November 20, 2016, 06:44:02 PM
 #29

Money doesn't make happy, but it's really hard to see a millionaire sad Smiley .

I guess most of btc millionaire (early adopter!) are already on forum just to see major change in the community or because they are running some service...

Perhaps we forget an important point... they can buy 1 btc at "every" price, it's not matter now is undervalued, if go up to 100k $ they could even buy without problem, I think this is only a problem for us.

But to attract new "rich man" , maybe some investment funds could create a portfolio that include also bitcoin!

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November 20, 2016, 06:51:01 PM
 #30

dear milionaires,


the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.

there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.

edit: typo



Somehow I do not get it.
What signs of economic crisis?
And why would it be difficult to achieve for a millionair to own whole bitcoin?
Am I missing something here?

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November 20, 2016, 08:03:08 PM
 #31



Somehow I do not get it.
What signs of economic crisis?
2008 type of crisis. too much debt. banks unhealthy, €-crisis, etc.  why do you think central banks risk everything in order get economies going? i do not think those central bankers ZIRP or even NIRP just for the fun of it.


And why would it be difficult to achieve for a millionair to own whole bitcoin?

not for a millionaire. for all of them.


there maybe are more millionaires than bitcoin existing. that is my whole point.




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November 20, 2016, 09:33:46 PM
 #32

Most millionaires are not stupid

While that is likely true, it is also likely true that most millionaires are absolutely ignorant about cryptocurrency. Heck, they are even probably mostly ignorant about the nature of our current partial reserve fiat monetary system.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

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November 20, 2016, 09:52:25 PM
 #33

Don't tell that millionares don't have BTC's. They are behind mining hardware companies. Imagine without millions and millionarea behind bitmain, how would they be able to achieve such a good progress? They have their own mining rigs, engineers and all staf which they need, also they have one of the greatest mining pool. That costs millions. I can say the same about bitfury.

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Doamader
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November 20, 2016, 09:59:59 PM
 #34

It is not that you need whole 1 bitcoin or that bitcoin is limited to only full units. I am wondering why Op is addressing his words to people who already are rich.
I would rather won't have current millionaires have bitcoin. What is wrong with ordinary working people having it instead?

that is my point: not enough whole bitcoins around even for the wealthy elite. not enough for them, not enough for us, not enough at all. on the other hand: currently one btc only costs $728,-

get them NOW... Wink
I really doubt the rich people will consider get bitcoin even for fun, i do understand your concern and i dont believe people doesnt wanna to buy bitcoin at this stage, Christhmas is coming and people are dumping some coins into the walls, but sure i do believe the price is cheap.
The Pharmacist
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November 20, 2016, 10:07:57 PM
 #35

There are only 1.3 million shares of Berkshire Hathaway stock. It is impossible for every millionaire own a share.
Yeah, that's crazy, isn't it?  Anyhow, I'm not concerned about the scarcity factor.  There's enough to go around, and right now demand isn't anywhere near where it could be.  I had 1 whole bitcoin at one point, but I sold some.  Don't think I made any money.  Just being stupid.

kanazawa
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November 21, 2016, 12:38:32 AM
 #36

Millionaires around the whole already had their own stuffs to be busy --- at least, I want to believe, that the majority build their own millions ---, so, Bitcoin is not their business. But, as it was said, the mining are advanced and Bitcoin is now like "in the final path" comparing with a gold mine, but, like gold, those millionaires can easily take their millions and buy OUR Bitcoin, even if you win x1000 the price you paid 10 years ago, they don't care, the fact is that if it clearly worth a good cash (like precious metal) they will buy and they will hold the same way people hold gold or silver bars. It will be sick to sell for "these" people, but, if you need money, you will sell it.


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outatime1
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November 21, 2016, 12:53:24 AM
 #37

There are more and more bitcoins lost every day, so that makes those that are not lost even more valuable. As the number created(mined) each year gradually drops, that also makes them more scarce and more valuable.
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November 21, 2016, 03:52:22 AM
 #38

For me, it's not an issue since I'm not a millionaire. But if I'm one of them, I would not worry about this issue because there are still other alternatives to earn money aside from bitcoin investment. Millionaires are millionaires. They do have many businesses that are really profitable that makes them rich. So I think it wouldn't be an issue for them if this will gonna be the status in bitcoin.
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November 21, 2016, 04:00:59 AM
 #39

For me, it's not an issue since I'm not a millionaire. But if I'm one of them, I would not worry about this issue because there are still other alternatives to earn money aside from bitcoin investment. Millionaires are millionaires. They do have many businesses that are really profitable that makes them rich. So I think it wouldn't be an issue for them if this will gonna be the status in bitcoin.

Indeed bitcoin is not the world.  Anyone can survive without it, though I admit that bitcoin help me in my financial capability, but it is just one of those thousand assets that can be traded daily.  If someone does not have bitcoin it is not the end of the world for them, they might missed the opportunity with bitcoin but then i bet they are already enjoying another opportunity.




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November 21, 2016, 05:03:11 AM
 #40

 in my opinion there are two groups of millionaires in regards to bitcoin: those who already know about bitcoin and they are already whales who have large amounts of it and have been making profit from bitcoin fluctuations.
and those who find bitcoin to tiny for their purposes and stick to bigger markets like stocks,... that they can make bigger investment and make even more.

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