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Author Topic: What do you think?  (Read 20100 times)
raven7886
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June 03, 2017, 09:07:24 PM
 #201

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.
I guess this is the beauty of the bitcoin that it provides a distinctive field of opportunities. We all know the fact that the bitcoin provides equal opportunities to all irrespective of the wealth and gender discrimination but think over it the poor becomes a user and start for collecting of the bitcoin while the rich becomes an investor directly. Now if we compare its marginal utility and marginal profit I am sure the rich people get a great share.
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June 03, 2017, 09:36:48 PM
 #202

I think they'd care. It's a way of making more money after all. So why wouldn't they?
Probably the only ones who wouldn't are those 2nd-3rd generation rich kids who only knows how to spend. Probably.  Cheesy

I don't believe that just because someone's rich, they wouldn't care about earning more. As for earning from bitcoin, they could do it themselves or just hire someone to manage it for them. Easy.






The issue is that bitcoin will tend to attract more rich people that are either very interested in technology or rich people that made their fortune trading stocks, if someone became rich by creating a product or something like that then it is unlikely they are going to get into bitcoin because they are not going to understand why they need bitcoin in the first place.

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June 03, 2017, 10:37:06 PM
 #203

I think they'd care. It's a way of making more money after all. So why wouldn't they?
Probably the only ones who wouldn't are those 2nd-3rd generation rich kids who only knows how to spend. Probably.  Cheesy

I don't believe that just because someone's rich, they wouldn't care about earning more. As for earning from bitcoin, they could do it themselves or just hire someone to manage it for them. Easy.






The issue is that bitcoin will tend to attract more rich people that are either very interested in technology or rich people that made their fortune trading stocks, if someone became rich by creating a product or something like that then it is unlikely they are going to get into bitcoin because they are not going to understand why they need bitcoin in the first place.

Well currently bitcoin has become more normal to the masses, which include both rich and 'poor' people. In the end it will do for what is was invented... just a currency and not so much an investment vehicle.
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June 04, 2017, 11:54:44 AM
 #204

I think they'd care. It's a way of making more money after all. So why wouldn't they?
Probably the only ones who wouldn't are those 2nd-3rd generation rich kids who only knows how to spend. Probably.  Cheesy

I don't believe that just because someone's rich, they wouldn't care about earning more. As for earning from bitcoin, they could do it themselves or just hire someone to manage it for them. Easy.

The issue is that bitcoin will tend to attract more rich people that are either very interested in technology or rich people that made their fortune trading stocks, if someone became rich by creating a product or something like that then it is unlikely they are going to get into bitcoin because they are not going to understand why they need bitcoin in the first place.
currently rich people may not be taking interest in bitcoin, may be because they are rich and do not need to earn money from trading, but in future when bitcoin will become more popular and every shops online as well s offline start earning bitcoin then they must take interest in bitcoin. because bitcoin is becoming the main currency of the world.
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June 04, 2017, 12:06:35 PM
 #205

I think they'd care. It's a way of making more money after all. So why wouldn't they?
Probably the only ones who wouldn't are those 2nd-3rd generation rich kids who only knows how to spend. Probably.  Cheesy

I don't believe that just because someone's rich, they wouldn't care about earning more. As for earning from bitcoin, they could do it themselves or just hire someone to manage it for them. Easy.

The issue is that bitcoin will tend to attract more rich people that are either very interested in technology or rich people that made their fortune trading stocks, if someone became rich by creating a product or something like that then it is unlikely they are going to get into bitcoin because they are not going to understand why they need bitcoin in the first place.
currently rich people may not be taking interest in bitcoin, may be because they are rich and do not need to earn money from trading, but in future when bitcoin will become more popular and every shops online as well s offline start earning bitcoin then they must take interest in bitcoin. because bitcoin is becoming the main currency of the world.

How are you sure Rich people are not interested with bitcoin, I think there are some millionaires or billionaires and have a knowledge in bitcoin can certainly have an interest in getting more richer than they ever had, bitcoin is free after all everyone can surely bathe themselves with this kind of currency and no one can surely stop them in gaining more bitcoin, and they are truly rich that means they can surely invest and invest or buy more and more bitcoin as much as they like.
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June 04, 2017, 01:19:29 PM
 #206

I dont think that Rich people will use bitcoins.Since they are already rich they will only use Bank accounts to use their money wiseley,But not all i think some rich people will also use that bitcoin for them to prepare for their future and for them to be more richer
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June 04, 2017, 06:53:48 PM
 #207

I think they'd care. It's a way of making more money after all. So why wouldn't they?
Probably the only ones who wouldn't are those 2nd-3rd generation rich kids who only knows how to spend. Probably.  Cheesy

I don't believe that just because someone's rich, they wouldn't care about earning more. As for earning from bitcoin, they could do it themselves or just hire someone to manage it for them. Easy.






The issue is that bitcoin will tend to attract more rich people that are either very interested in technology or rich people that made their fortune trading stocks, if someone became rich by creating a product or something like that then it is unlikely they are going to get into bitcoin because they are not going to understand why they need bitcoin in the first place.

Well currently bitcoin has become more normal to the masses, which include both rich and 'poor' people. In the end it will do for what is was invented... just a currency and not so much an investment vehicle.
Even if bitcoin effectively becomes a currency for the masses, I think bitcoin is never going to lose its appeal as an investment vehicle especially if we take into account that all the other currencies of the world are treated as investment vehicles as well the difference is there is so much money in those markets that making a big pump is almost impossible unlike bitcoin.

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June 06, 2017, 01:15:31 PM
 #208

Crypto world is for everyone being poor, or from elite doesnt matter once they join all wanna one thing be able to earn money with the investment. Sure the rich people will have lower interest into bitcoin then others classes but its normal why would they risk they money if they have already a good life, it just doesnt make any sense.
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June 06, 2017, 01:25:39 PM
 #209

For now, I am thinking about my subjects at school. Today is our first day of school . I am now a fourth year student and I am planning for my future. O what are the things that can help me to be rich in a short period of time. And those useful things and tasks that I will do in able to earn money .
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June 06, 2017, 01:42:28 PM
 #210

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)

I think they feel pretty good 'cause they earned $11 Million due to their investments in Bitcoin.  Smiley

Also there's a guy, Jered Kenna, who started investing in BTC when Bitcoins were only 20 cents per coin and he has earned over $30 Million by now.

Another big investor is Charlie Shrem, a well known to Bitcoin community person, who bought a big quantity of BTC when it was cheap, and now he has over $45 Million.

But I agree with you in general. Most of the famous rich people are not investing in Bitcoin, yet.

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June 06, 2017, 01:54:21 PM
 #211

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 don't think so. As log as a profitable involve and currency i think any one ca be involve in bitcoin community.
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June 06, 2017, 10:05:34 PM
 #212

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)

I think they feel pretty good 'cause they earned $11 Million due to their investments in Bitcoin.  Smiley

Also there's a guy, Jered Kenna, who started investing in BTC when Bitcoins were only 20 cents per coin and he has earned over $30 Million by now.

Another big investor is Charlie Shrem, a well known to Bitcoin community person, who bought a big quantity of BTC when it was cheap, and now he has over $45 Million.

But I agree with you in general. Most of the famous rich people are not investing in Bitcoin, yet.
For the truly rich buying bitcoin is just spare change, I’m not really sure why they don’t see the opportunity and take them, maybe they see bitcoin as a treat to the status quo and since they are happy with it and the way things are then they decide to reject bitcoin instead of seeing it as an opportunity to earn even more money and become even more powerful.

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June 06, 2017, 10:21:51 PM
 #213

The richest people in the world might be attracted to bitcoin if they know the bitcoin of a person who can explain well about bitcoin.
If any of the richest people who are interested in bitcoin to invest this is good news for bitcoin because they big investors will have a positive impact on bitcoin prices as we now feel the rising bitcoin prices are getting better.

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June 07, 2017, 01:03:37 AM
 #214

I think yes they may be interested and attracted in bitcoin because bitcoin is a good investment and they see its work and safe. They attract in bitcoin because they easily earn and get good profit in a short term but many curious. Its good that  they accept bitcoin. And i know they exciting its better currency and has a potential. And i think more is dreaming in bitcoin and they earn expect profit if invest in bitcoin. This is possible that they attract and they know that this a many advantages and its famous. Being rich they can made more money. They can be attract of these following characteristics its easy to set up and fast.
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June 07, 2017, 01:05:50 AM
 #215

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..
Of course yes. Bill Gates have already invested in bitcoins for your information as we can see he stated his opinion in bitcoin. Therefore, we can expect that a lot of rich families and personalities might invested already in bitcoin as it becomes more popular and people recognized it as legal investment.
then we can expect that many who are rich and personality because invested bitcoin has become the thing that especially so many people gather and seek more and more devotees are bitcoin due to his high value price
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June 07, 2017, 01:13:26 AM
 #216

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 think it's a little bit unreasonable for those rich personalities to engage in bitcoin. I don't think they need it anymore, except if they find it more accessible and more easy to use than cash. Or if there are things, gadgets or cars that can only be bought through bitcoin or exclusively for bitcoin. But they won't use it for earning purposes. Still, we don't know what is inside their minds.
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June 07, 2017, 02:05:59 AM
 #217

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..

Rich will keep getting Richier n they give no shits about BTC,  like a drop in a ocean for them

Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks Sad
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June 07, 2017, 03:03:49 AM
 #218

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 think everyone can do business in bitcoin, bitcoin business opportunities are created for public and there is no limit to either wealth, rank or age. Because they also must see the potential and business opportunities contained in bitcoin.dengan participate entrepreneurs and investors is a good signal For bitcoin which is certainly very useful for development, and this benefit can be felt for all bitcoin users.
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June 07, 2017, 10:37:57 AM
 #219

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..
Rich people would invest in bitcoins to become more rich.They may use it for money laundering.But they are not in desperate need of bitcoin like poor people.
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June 07, 2017, 11:32:18 AM
 #220

I think they'd care. It's a way of making more money after all. So why wouldn't they?
Probably the only ones who wouldn't are those 2nd-3rd generation rich kids who only knows how to spend. Probably.  Cheesy

I don't believe that just because someone's rich, they wouldn't care about earning more. As for earning from bitcoin, they could do it themselves or just hire someone to manage it for them. Easy.






The issue is that bitcoin will tend to attract more rich people that are either very interested in technology or rich people that made their fortune trading stocks, if someone became rich by creating a product or something like that then it is unlikely they are going to get into bitcoin because they are not going to understand why they need bitcoin in the first place.

Well currently bitcoin has become more normal to the masses, which include both rich and 'poor' people. In the end it will do for what is was invented... just a currency and not so much an investment vehicle.
Even if bitcoin effectively becomes a currency for the masses, I think bitcoin is never going to lose its appeal as an investment vehicle especially if we take into account that all the other currencies of the world are treated as investment vehicles as well the difference is there is so much money in those markets that making a big pump is almost impossible unlike bitcoin.
Sure, not only Bitcoin, rich people like altcoins too. We can see growth ETH, Ripple, NEM, DGB, STR ...  past 3 months. Many Trader take more profit from that, some traders become to new Billionaire Dollar on the World's Grin
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