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Author Topic: New rich people thanks to BTC  (Read 37819 times)
Schuyler
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June 02, 2017, 02:47:45 AM
 #21

Yeah this is all thanks to the ever increasing bitcoin price over the past few years. Even the guys who bought in at the 2013 all time high made a decent profit of over double their money if they sold at the all time high that was set this time. It's been a great ride for everyone.

However I don't think that it's in the community best interests to promote bitcoin as almost a sort of a get rich quick scheme. Btc goes up but down too.
Well, the folks that have become millionaires with bitcoin didn't grow their riches overnight. It took some years for the price to reach this level and clearly their patience of just holding paid off for them. I only got onboard over a year ago, but I regret not buying when I could have easily bought about two or three BTCs at $450. But that is life and there's no way I can go back in time to buy back at such prices and the only thing to do now is be patient and just hold whatever I can.


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June 02, 2017, 02:49:06 AM
 #22

Now you think if some body who got 500K Bitcoins with the cost of $5000 and is still holding them would ever donate(loan with no interest)18BTC to some body like me so that I could buy a small apartment with it and then pay him back 1 coin per month for 18 months or they will just look down to their dicks and then pointing it towards the monitor saying: Here is your 18BTC with a bunch of curses following?
Yes Of course Bitcoin has changed the world without the world even realizing it yet but people are the same people with no change, we only have every century or every 50 years some extraordinary individuals such as Einstein, Tesla, Bell, Satoshi, and other geniuses doing extraordinary yet pure works changing the world literally.

Yet you'll only be needing 100 Bitcoins 6-8 years from now to have a million dollar but by then you could only buy a laptop and a cell phone with a normal car with $1 million bucks.

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June 02, 2017, 03:46:16 AM
 #23

That is why i keep collecting bitcoin because i believe that the price of bitcoin will become higher and higher in the next few years and even just for 1 bitcoin is enough to become rich because the price can go up to $10,000 in 2020 because the big progress that can be done thru years.

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June 02, 2017, 03:53:39 AM
 #24

Yes, I believe on it, now mostly people are going to rich because of BTC.
Also i can include myself in this list who are getting rich now, may be in future i will be one of them, richest person behalf of bitcoin.
The reason is last 1 year i have started to hold my bitcoins because i want to come true my dream that i am a rich man.
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June 02, 2017, 04:19:51 AM
 #25

The rich people are likely to have cashed the coins out and placed their money in fiat so they can purchase something really fast instead of waiting for their transaction to confirm. Plus the people that may have gotten rich from Bitcoins may have cashed their money out because they think Bitcoin is done already.
They will not cashed out all of their money because the bitcoin still offer more on its value. If the price of bitcoin get steady increase and that means their money will growth everytime. A lot of people get rich caused by bitcoin.
There will be another millionaire in the future.

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June 02, 2017, 04:43:58 AM
 #26

The rich people are likely to have cashed the coins out and placed their money in fiat so they can purchase something really fast instead of waiting for their transaction to confirm. Plus the people that may have gotten rich from Bitcoins may have cashed their money out because they think Bitcoin is done already.
They will not cashed out all of their money because the bitcoin still offer more on its value. If the price of bitcoin get steady increase and that means their money will growth everytime. A lot of people get rich caused by bitcoin.
There will be another millionaire in the future.
There are always new millionaires, it isn't like that ever changes. Regardless of how you want to think about it, money will always flow up to the right people and they will be able to make a ton of money off of whatever they do. The people that work for Bitcoin in a capacity bigger than just freelance work and signature campaigns would be millionaires with or without Bitcoin, assuming their business had the same amount of work being done.
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June 02, 2017, 04:55:13 AM
 #27

The rich people are likely to have cashed the coins out and placed their money in fiat so they can purchase something really fast instead of waiting for their transaction to confirm. Plus the people that may have gotten rich from Bitcoins may have cashed their money out because they think Bitcoin is done already.
They will not cashed out all of their money because the bitcoin still offer more on its value. If the price of bitcoin get steady increase and that means their money will growth everytime. A lot of people get rich caused by bitcoin.
There will be another millionaire in the future.

I don't think so that they cashed out all that such big volume of BTC, Maybe they just play on gambling site and they are the Whales Gambler now, Because if I were them and holding huge volume of BTC that time, Then I will just put it on gambling or invest in trading, I believe there only few who cashed out because we are still experiencing many whales on gambling and investment.

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June 02, 2017, 07:00:42 AM
 #28

Yes, I believe on it, now mostly people are going to rich because of BTC.
Also i can include myself in this list who are getting rich now, may be in future i will be one of them, richest person behalf of bitcoin.
The reason is last 1 year i have started to hold my bitcoins because i want to come true my dream that i am a rich man.
Additionally it is because of benefits of bitcoin. Compare to the other currency like dollars, pounds, won, and soon it has a big difference. If you have dollars the price increase is low  but in bitcoin to become rich is not possible, they need to collect bitcoin then wait the right time for the right price.

And not for trading, investing, mining or etc. is the purpose of bitcoin, if you introduce it to other people they have a chance to become rich. It's also job, even people who are not proffesional can become rich with the help of bitcoin. All things here in the world may discover if you study that things
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June 02, 2017, 07:32:36 AM
 #29

Yes, I believe on it, now mostly people are going to rich because of BTC.
Also i can include myself in this list who are getting rich now, may be in future i will be one of them, richest person behalf of bitcoin.
The reason is last 1 year i have started to hold my bitcoins because i want to come true my dream that i am a rich man.
Additionally it is because of benefits of bitcoin. Compare to the other currency like dollars, pounds, won, and soon it has a big difference. If you have dollars the price increase is low  but in bitcoin to become rich is not possible, they need to collect bitcoin then wait the right time for the right price.

And not for trading, investing, mining or etc. is the purpose of bitcoin, if you introduce it to other people they have a chance to become rich. It's also job, even people who are not proffesional can become rich with the help of bitcoin. All things here in the world may discover if you study that things
researching and keep your focus with certain things that will gather your interest will allow you to succeed, like what happen to those people who believes that bitcoin will bring fortune to them they are now enjoying their success a lots of crypto traders and early birds are now rich for sure.

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June 02, 2017, 07:42:55 AM
 #30

The new rich people surely will find a way to spend their fortune. They know they become rich thanks to bitcoin. The problem is , us the people who are not yet in the million dollar club. What are our ideas of growing bitcoin, do we have the right patience to keep growing our stash and not being tempted to spend them ? If we do I think we are gonna reach that club after some time. Patience and perseverance is key in bitcoin.

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June 02, 2017, 07:49:22 AM
 #31

Early adopters are the one who have been profited big. Quite a very small percentage of rich people all around have invested into bitcoin and has become more richer. Now only more and more articles related to cryptocurrencies were getting published into the news papers and magazines helping the common public to start using bitcoin and benefit out of it.

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June 02, 2017, 07:52:23 AM
 #32

Mostly new rich people that caused by bitcoins usually invest more and roll their money on things that may help them get richer and richer,continues earnings are what they are aiming for



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June 02, 2017, 07:54:50 AM
 #33

These figures are interesting and at the same time I see it as a reflection of the future. The day is not too much far away from today when a person with mere 5 or 10 bitcoins will be a part of the million dollar club. However, I also see rapid growth in the usability of the bitcoin and other crypto currencies in businesses. I might sound fully optimistic but I believe a person with 5 bitcoins will be a millionaire in next 12 to 15 years.

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June 02, 2017, 07:57:20 AM
 #34

And the question is how far will it go, will we be talking about small or medium size bitcoin investors in 2017 being rich once we have reached 2018-2020? Or will the trend reverse? I like to hope the trend will continue and I'll be one of the new rich in 2020.
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June 02, 2017, 08:08:37 AM
 #35

I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.

This is the analisis I made:

On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd

On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd

On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd

Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD

That is amazing.

I wonder what are the new rich people doing right know? have they realised that they are rich yet.




Most of the people that have gotten rich from bitcoin are probably the ones that got in very early like early 2013 or before. The rest of us are trying to catch up.

Yeah. Same as you, I am trying to catch up with these people and I really have wished to know bitcoin early but still I am thankful that I encounter Bitcoin lately than joining the others very late. It is a matter of time, effort, and wise decision so soon I look forward in becoming a part of the millionaire league.  Grin

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June 02, 2017, 08:16:47 AM
 #36

It no gay saying that a lot of people have been made rich through bitcoin but the issue is that only few people would have held strong to witnessed this periods without selling coupled with the ups and down that bitcoin faces in between those periods references were made to. The remaining ones who held strong would have sold part of it that they won't be super rich today by selling whats left with them.

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June 02, 2017, 08:28:28 AM
 #37

I wonder what are the new rich people doing right know? have they realised that they are rich yet.

I think they can't still believe that because of bitcoin they are already rich by now. Most of them are just buying their own homes and cars that they are dreaming of. And others are diversifying their profit into investments as they are now big time. Most of the time for sure they are just enjoying their riches and travelling wherever they want.

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June 02, 2017, 08:48:40 AM
 #38



I wonder what are the new rich people doing right know? have they realised that they are rich yet.

They are living like a king ,they never think about any problem or should i say they are problem free cause they can have almost all they want. The only thing they do is to how to gain profit they want to be richer and richer,

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June 02, 2017, 08:54:04 AM
 #39

Yeah this is all thanks to the ever increasing bitcoin price over the past few years. Even the guys who bought in at the 2013 all time high made a decent profit of over double their money if they sold at the all time high that was set this time. It's been a great ride for everyone.

However I don't think that it's in the community best interests to promote bitcoin as almost a sort of a get rich quick scheme. Btc goes up but down too.
Well, the folks that have become millionaires with bitcoin didn't grow their riches overnight. It took some years for the price to reach this level and clearly their patience of just holding paid off for them. I only got onboard over a year ago, but I regret not buying when I could have easily bought about two or three BTCs at $450. But that is life and there's no way I can go back in time to buy back at such prices and the only thing to do now is be patient and just hold whatever I can

Yes, we shouldn't let such things disappoint us

Just think about the guy who bought a pizza for 10k bitcoins, and personally, I can't even imagine how he feels right now (unless he had a few other 10k bitcoins in his stash and he didn't spend them too early). That said, instead of regretting about the past we should try to learn from it. And the lesson is that right now we are likely missing another such opportunity that will be looked at in a few years in pretty much the same way as we look at Bitcoin now. That's what we should busy ourselves with, i.e. find and exploit that opportunity to the full

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June 02, 2017, 08:59:22 AM
 #40



I wonder what are the new rich people doing right know? have they realised that they are rich yet.

They are living like a king ,they never think about any problem or should i say they are problem free cause they can have almost all they want. The only thing they do is to how to gain profit they want to be richer and richer,

Not all of rich people are living like a king or any of what you have said, because even if they are super rich, they can't get all of what they want, they still can't get some things that they want, ir should I even call that a "thing". Some seeks power, some seeks more money, some seeks revenge, some seeks relationship and some seeks adventure.

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