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Author Topic: What do you think?  (Read 20110 times)
foxbat
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May 31, 2017, 02:04:16 PM
 #141

These people can have enthusiasm for bitcoins, yes. Normally rich people need to be constantly more rich, there isn't a point of confinement and bitcoin gives them this possibility. I don't know whether it's great or not, but rather it will happen. Great indicate is have more bitcoin clients and more influency to make more people utilize it, antagonistic indicate is have enormous financial specialists attempting to control bitcoin.

Precisely, this world has always existed a truth, the rich are always advantageous, they can easily make a profit from their available capital. Business profits are always faster than all the other jobs, but they always have risks, they are easier to get richer, but they are more risky.
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May 31, 2017, 02:15:20 PM
 #142

I personally think the idea behind bitcoin (decentralization) is more intriguing than the money to be made from it. Yet, I'm sure rich people have financial advisors that keep them in the loop on the next "big thing" that will bring them the best ROI. So yes, I think they would be very interested in using and learning more about Bitcoins. However, I think many of them will be looking for ways to build on top of the platform vs. creating their own adaptation of it. I feel it's only positive for Bitcoin when more wealthy people and celebrities get behind it because they have the power to influence the masses. That's great PR for Bitcoin and all other cryptocurrencies in general.
For a investor minded this is a great opportunity, well in fact this has a big advantage to earn so definitely all the investors are willing to invest here if they will just give time to do research and to study this crypto world. If I do have also lots of money I won't hesitate to invest it here, an effective way to earn money/bitcoin.
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May 31, 2017, 02:51:36 PM
 #143

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..
I dont think so. But there is possibility that they will become interested in bitcoin. I think that time is when they are bored or free time. Thats not negative for us small people because here in bitcoin we are all equal. But most of rich people doesn't have care on it because they know that they have much money to earn by their job than using bitcoin.
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May 31, 2017, 03:17:21 PM
 #144

It doesn't matter if a person is rich or not for him or her to be interested in using Bitcoin. Even if they are wealthy, if they get so curious on what bitcoin is, then they will surely find their way and start to learn about it.

There's nothing negative effect for us "normal people" if the rich ones will also get a hook in this kind of thing. We should be glad since the number of people who are using it will increase. And it is also a good thing if those elite ones will provide a better opportunity for bitcoin to be more recognizable in the world since they have the power and all.
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June 01, 2017, 07:22:13 AM
 #145

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

Some rich people are interested in using bitcoin and some are using it already, and I think if they will be using it more that's a good thing. Since it is very unlikely that any rich family would spend over $36 billion to acquire all BTC, I think we are safe.  Smiley

In fact rich persons using bitcoin are very few and they are way too skeptical so I don't think they are investing heavily in bitcoin. People who are from medium class I see are investing a lot, for medium class I say people who can afford to buy a new car when they want, have nice vacations when they want and don't mind hospital spendings, at least in my country this is what defines a medium class family. Person from these families or young people who are technology related are buying a lot of mining PC-s, I see in my country the RX 480 is out of stock in every major vendor of electronics.

I disagree with this. What about big mining farms with hundreds and sometimes with thousands of Antminers? Only very rich people can afford that. You can mine only altcoins other than Bitcoin with RX 480 these days and although I don't think it's a wrong move to mine them, we have to admit that Bitcoin mining more and more becomes a prerogative of the rich.

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June 01, 2017, 09:59:57 AM
 #146

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

Some rich people are interested in using bitcoin and some are using it already, and I think if they will be using it more that's a good thing. Since it is very unlikely that any rich family would spend over $36 billion to acquire all BTC, I think we are safe.  Smiley

In fact rich persons using bitcoin are very few and they are way too skeptical so I don't think they are investing heavily in bitcoin. People who are from medium class I see are investing a lot, for medium class I say people who can afford to buy a new car when they want, have nice vacations when they want and don't mind hospital spendings, at least in my country this is what defines a medium class family. Person from these families or young people who are technology related are buying a lot of mining PC-s, I see in my country the RX 480 is out of stock in every major vendor of electronics.

I disagree with this. What about big mining farms with hundreds and sometimes with thousands of Antminers? Only very rich people can afford that. You can mine only altcoins other than Bitcoin with RX 480 these days and although I don't think it's a wrong move to mine them, we have to admit that Bitcoin mining more and more becomes a prerogative of the rich.
A lot of people now are into mining because they see that altcoins are profitable for mining and most of the miners that i know that are only small timers only mine ethereum because it is on a high price right now and they are taking advantage of it before the ethereum turned into PoS so they can still have a chance to mine and hoard.
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June 01, 2017, 12:24:42 PM
 #147

Rich families are indeed possible to invest bitcoin. Even if they know how lucky it is if we have bitcoin.
With the wealth they may have they buy bitcoin in very large quantities. It might just happen.
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June 01, 2017, 12:34:41 PM
 #148

I think it will be great, more investor means more transaction and it will lead to a high price, it doesn't matter whether you are poor or rich if you can grab opportunity then you can become rich, the disadvantage of having rich people to join is they can become whale and controlling the price, but to that the person need a huge amount of money or the person can playing with alt coin
Well said...
When transaction will be higher, then opportunity will also higher. This is the platform where anyone can gain anything, if you have some saving in bitcoin then you can trade, lending or mining. If someone can be patient with some business then definitely good result must be come.
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June 01, 2017, 03:42:11 PM
 #149

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

Some rich people are interested in using bitcoin and some are using it already, and I think if they will be using it more that's a good thing. Since it is very unlikely that any rich family would spend over $36 billion to acquire all BTC, I think we are safe.  Smiley

In fact rich persons using bitcoin are very few and they are way too skeptical so I don't think they are investing heavily in bitcoin. People who are from medium class I see are investing a lot, for medium class I say people who can afford to buy a new car when they want, have nice vacations when they want and don't mind hospital spendings, at least in my country this is what defines a medium class family. Person from these families or young people who are technology related are buying a lot of mining PC-s, I see in my country the RX 480 is out of stock in every major vendor of electronics.

I disagree with this. What about big mining farms with hundreds and sometimes with thousands of Antminers? Only very rich people can afford that. You can mine only altcoins other than Bitcoin with RX 480 these days and although I don't think it's a wrong move to mine them, we have to admit that Bitcoin mining more and more becomes a prerogative of the rich

One swallow does not make a summer

Indeed, these farms have millions of dollars invested, and their owners cannot be called poor in any sense of the word. But the question seems to be more about those rich dudes who might be interested in Bitcoin as an investment asset. Given that, apart from the Winklevii twins, I for one don't know about any "rich" name linked to or involved in Bitcoin investments (i.e. about dudes like George Soros and Warren Buffett, or even someone of a smaller caliber). So the twins are sort of outliers, and we don't know how they feel about their Bitcoin investments now (after the SEC rejected their ETF application)

hawthelegend (OP)
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June 01, 2017, 05:19:47 PM
 #150

Most of you guys have great opinions about this,
And i agree to some, but by understanding people today,
I realized that almost everyone does something illegal or bad
habits that they do not want to be found out, specially the rich
and the famous. So, as we can see, bitcoins can make anyone
almost perfectly anonymous(that is if you know how to) right?

Now my point here is this, rich people who have bad vices or addictions,
Would obviously find it hard to stop what they have been used to be doing
or in some cases, impossible. And let's face it, lots of people are pedophiles,
Necrophiliac, etc. some even love watching live tortures with them giving
the commands on how to do it. And I'd be damned if rich people(specially the
famous ones) that are part of all the people that I have mentioned wouldn't do
everything in their powersto hide their true selves from their family and friends
or other people.

So i think its just fair to not rule out that lots of rich people will be into bitcoins
in the future(for all i know maybe lots of influential people have already been using
bitcoins). But not for the purpose of profit though, but instead, for
the sake of fulfilling their wants and desires anonymously.
bitbob82
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June 02, 2017, 06:36:13 AM
 #151

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..
I dont think so. But there is possibility that they will become interested in bitcoin. I think that time is when they are bored or free time. Thats not negative for us small people because here in bitcoin we are all equal. But most of rich people doesn't have care on it because they know that they have much money to earn by their job than using bitcoin.
but bitcoin is not created for earning money, we are just getting the advantage of its increasing price. bitcoin is creates as currency which is mostly to be use for online purpose. in future when the people of bitcoin will increase too much then there are more chances to use bitcoin as currency not only for online purpose but hope that we will use it in our local shops also.
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June 02, 2017, 08:55:04 AM
 #152

Do you think the richest families or personalities in the world would be interested in using bitcoins??

I think so, they are rich and when it comes to riches they will not let themselves in the last line, so it's a yes.

And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

For small people who are using bitcoin, it is a good thing as there are rich people investing to bitcoin but on the other part of it, they can manipulate the market.


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June 02, 2017, 09:21:26 AM
 #153

I imagined that I'am a billionaire, I can do what I want without problem on cash, I just hoping that it would happen in the future by the help of my job and by the help of the bitcoin. However, I was looking forward and I try my best to meets my dream come true.
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June 02, 2017, 09:51:26 AM
 #154

I don't know about the richest but a lot of wealthy people have already put a lot of money in bitcoin. Obviously they don't need it as a currency but its a very good asset and a nice addition to any investment portfolio. I think the more interesting question is if rich people will/are putting big sums into altcoins, i know there are a lot of altcoin whales but its unclear if that's new money or people who earned it big from bitcoin and previous altcoin pumps.
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June 02, 2017, 09:57:25 AM
 #155

No, i don't think the richest family care enough to know what bitcoin is and even if they know, they will treat it like speculative asset. And in my mind, the richest family tend to care more about real business and not some crypto.

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June 02, 2017, 10:11:26 AM
 #156

No, i don't think the richest family care enough to know what bitcoin is and even if they know, they will treat it like speculative asset. And in my mind, the richest family tend to care more about real business and not some crypto.
I also think rich families are only interested in real business, but many are also praising bitcoins like bill gates saying that Bitcoin is a remarkable technological achievement, we also don't know who is rich family which may be interested about bitcoin, and invest in bitcoin because as we know bitcoin is anonymous

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June 02, 2017, 10:21:55 AM
 #157

No, i don't think the richest family care enough to know what bitcoin is and even if they know, they will treat it like speculative asset. And in my mind, the richest family tend to care more about real business and not some crypto.
I also think rich families are only interested in real business, but many are also praising bitcoins like bill gates saying that Bitcoin is a remarkable technological achievement, we also don't know who is rich family which may be interested about bitcoin, and invest in bitcoin because as we know bitcoin is anonymous
So you don't think that bitcoin is not a kind of business? Because for me; business is where you can get money either active or passive income and you can also get that money from bitcoin because you can get active income from it if you will do trading regularly while passive income if you will just buy and hold for long term and a lot of rich families are now getting interested with bitcoin and the rich people like bill gates is one of the pioneer of it.
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June 02, 2017, 11:16:42 AM
 #158

Those rich family can do anything, I mean they are capable of doing something because of their money. Like you said, they can use bitcoin if they want. And besides they are rich already then why they are going to use it. If they will use it, then it would have a big impact on us small earners, maybe a good or bad impact.

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June 02, 2017, 11:24:42 AM
 #159

No, i don't think the richest family care enough to know what bitcoin is and even if they know, they will treat it like speculative asset. And in my mind, the richest family tend to care more about real business and not some crypto.
I also think rich families are only interested in real business, but many are also praising bitcoins like bill gates saying that Bitcoin is a remarkable technological achievement, we also don't know who is rich family which may be interested about bitcoin, and invest in bitcoin because as we know bitcoin is anonymous
People who are technology aspirants and successful in being rich through innovative technology and related services will gives consideration for investing into bitcoin. Same is the scenario with Bill Gates and other high profile personalities. Others who are being rich through businesses just couldn't have heard it as they focus on other things which is out of technology and innovation.

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Kray
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June 02, 2017, 11:25:43 AM
 #160

In investor/business side, this is good things which means bitcoin more valueable in the market and society, but once they dump price i guess you know what will  happen. It's a normal process if they can buy anything with their money, and as a small user we also get good impact because of them
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