New rich people thanks to BTC

[Sled]

bitcoin makes people rich because of the rise in bitcoin prices. for those who have a lot of money they see bitcoin as a good investment to do. bitcoin prices become very expensive and require a lot of money to buy bitcoin. so only rich people can buy bitcoin. rich people will become richer if they invest bitcoin .. they invest all their money to bitcoin.

I don't agree with your idea because if bitcoin is only for rich people then there will be no "new rich people" that is a result of bitcoin because even the poor people can invest their money in bitcoin and earn a lot of money after a long term waiting because that is the foundation of the way to get rich in bitcoin and that is to be patient in holding it for long term.

[llyfee4u]

Bitcoin has certainly enriched some.  I certainly wish i was one of those people however, unless you're one of the early adopters who mined, faucets or invested, i don't see how late comers could have amassed enough btc to have been able to cash in now btc is doing so well.  Personally, i concentrate on alt coins now, its the only for me to get a foothold without investing large sums of fiat.

[blackmagician]

Some are already rich or lets say millionaire because of bitcoin,  maybe they are the believers of bitcoin way back 2012 that chose to invest thier money on bitcoin that in gold.  I wish i can go back to the time when bitcoin is worth only 30$. Maybe im already a millionaire too.

[SportsbookBettor]

Some are already rich or lets say millionaire because of bitcoin,  maybe they are the believers of bitcoin way back 2012 that chose to invest thier money on bitcoin that in gold.  I wish i can go back to the time when bitcoin is worth only 30$. Maybe im already a millionaire too.

Because they are risk takers and not afraid of losing that's why they are millionaires now. I guess there are many of them that put their trust in bitcoin. If we don't trust our investment it won't work because if the price suddenly drops. The one that do not trust their investment will panic and sell them immediately but if you are risk taker you won't mind it and just continue with their life.

[Omega Weapon]

if someone has 100 BTC, he is a billionaire. so if someone currently has a lot of bitcoin, then he will be called a rich man, and he will thank to bitcoin.

Someone holding 100 BTC is not even a millionaire right now, but it is well on his way to get to that, probably the only person that is a billionaire is satoshi and the irony is that he cannot access any of those coins because if he does then everyone will try to track him and also that could undermine the confidence on bitcoin because that could be interpreted as a lack if trust in bitcoin coming from the founder.

I think it would depend on what country are you coming from. For some, 100 BTC is not enough to become a millionaire but for some its a lot of millions already. Bitcoin has given the people a hope of being rich one day and for those who are already rich, they are really lucky getting in early cause they don't know what the future will be and having a digital money before that has no value is kind of amazing. Many people wanted to go back to the time when bitcoin is still cheap but then it's better getting in late than not knowing it at all.

I was thinking in terms of dollars since that is the most common comparison that people make but you are right someone holding 100BTC may be a millionaire in his local currency, and since living standards vary from country to country everything could be cheaper there, from food to property, but even then I think it is too soon to spend our bitcoin this is still the time to accumulate all the bitcoin that you can.

[lixer]

bitcoin makes people rich because of the rise in bitcoin prices. for those who have a lot of money they see bitcoin as a good investment to do. bitcoin prices become very expensive and require a lot of money to buy bitcoin. so only rich people can buy bitcoin. rich people will become richer if they invest bitcoin .. they invest all their money to bitcoin.

You are right that you need a handsome amount in order to purchase Bitcoin in present day. But I think there is no doubt in it that Bitcoin has changed the lives of many people. It gave a lot of profit to the one who believed in it and invested in it. So, I agree with it that all the people who have become rich by investing in Bitcoin must be thank it.

[Omega Weapon]

Some are already rich or lets say millionaire because of bitcoin,  maybe they are the believers of bitcoin way back 2012 that chose to invest thier money on bitcoin that in gold.  I wish i can go back to the time when bitcoin is worth only 30$. Maybe im already a millionaire too.

Because they are risk takers and not afraid of losing that's why they are millionaires now. I guess there are many of them that put their trust in bitcoin. If we don't trust our investment it won't work because if the price suddenly drops. The one that do not trust their investment will panic and sell them immediately but if you are risk taker you won't mind it and just continue with their life.

Every person that achieved great results was because he took great risks, and you can see this everywhere, from business to explorers, many people climb the Himalayas every year, but the first person to do it took great risks by going where no one has been before and if you want to make a lot of money then you need to take similar risks or your results are going to be mediocre.

[deisik]

Some are already rich or lets say millionaire because of bitcoin,  maybe they are the believers of bitcoin way back 2012 that chose to invest thier money on bitcoin that in gold.  I wish i can go back to the time when bitcoin is worth only 30$. Maybe im already a millionaire too.

Because they are risk takers and not afraid of losing that's why they are millionaires now. I guess there are many of them that put their trust in bitcoin. If we don't trust our investment it won't work because if the price suddenly drops. The one that do not trust their investment will panic and sell them immediately but if you are risk taker you won't mind it and just continue with their life

For every millionaire, there are a thousand people who went bust

Who didn't get anything and likely died destitute under the bridge. Just being a risk taker and not being afraid of losing is not the genuine reason why some people might be millionaires by now. You either don't know or don't see quite a lot of more people who were no less risk takers and no less afraid of losing but which still ended up with nothing potentially losing all in the end. The people who became rich had been either insanely lucky or they had some knowledge which others didn't have. This is called selection bias

[Tubig]

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.

Many of them were already millionaries, they are just keeping their wealth safe in case fiat currencies plummet or an economic crisis takes place.

Or for them to save their wealth, to become safe to thieves and bank service fee. And for themselves to be safe, not to become obviously rich.

[Babyrica0226]

Unfortunately, I entered this exciting bitcoin world quite late and by now it is not so easy to purchase as many bitcoins as it was at the beginning.

However I am hoping that we are still at the beginning of this new era and bitcoin still has a lot to grow, so I will continue to accumulate the few bitcoins I can save while the price is still relatively accesible, even though perhaps only early adopters will have an enviable wealth that I will never be able to reach.

That's right mate, actually were still not late that's what I sense, even bitcoin now literally was too expensive but because many of the community believed it has a brighter, that's why most of the bitcoin fanatic hold their bitcoin in a long term for believing it will give them freedom financially, for them to become rich.

[Shomeare1932]

It's genuinely remarkable how this bitcoin issue transformed life virtually immediately. People early buyers of bitcoin are now taking pleasure in the fruits of people investments. But these are also impressive danger-takers. They purchased bitcoin when the status of bitcoin is not as substantial as now. Well, the cost before is not as big deal as it is now.

[intrader]

Mostly people dont have patience to wait they will sell their btc for 50 usd except you have forget your btc for years

[bitcoinmaniac52]

Mostly people dont have patience to wait they will sell their btc for 50 usd except you have forget your btc for years

Yeah the problem with holding is it is too tempting to take our huge profits as sometimes we would rather take 10x profit but we do not know in the future the profit will be far more.

[Hawkers7]

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.

It is good that you analyze and understand the usage and capabilities of bitcoin nowadays. This is truly amazing. Bitcoin changes people's lives. All you need to do is to maximize your knowledge in bitcoin and apply all those knowledge in order for you to be successful. Maybe some of those people who became rich in bitcoin is now happy and contented on their lives and families.

[Loope]

Yeah that's true that all personalities or even known, well known are giving thank's to bitcoin cause it is the reason why they are become rich and not suffering from poverty anymore..It is gonna be great that there is a lot of giving attention to bitcoin as a result there is a higher value..Eventually bitcoin has a power nowadays and has a future that want to succeed and help a lot to the poor.

[Succurs]

If I say that I am satisfied, then it truly is almost nothing to say. I am just in seventh heaven with contentment, from the truth that I had the prospect to turn out to be a little wealthy. The truth is that it helps me and my household. Practically right now, function with Bitcoin and the relaxation of the crypto forex is the major and only my type of earnings.

[intrader]

I sold all of my btc on january 2017, at that time I thought $1000 is a good price this made me very sick,later I have to spent 4x in order to buy back

[mel1978]

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.

Definitely, they are happy that they now rich because of bitcoins. Earning bitcoins help a lot of people in the industry and I am one of them. I really love bitcoins and enjoy the work online in order to earn this things. I hope I can still earn more bitcoins someday.

[Milo_Kidd]

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.

Definitely, they are happy that they now rich because of bitcoins. Earning bitcoins help a lot of people in the industry and I am one of them. I really love bitcoins and enjoy the work online in order to earn this things. I hope I can still earn more bitcoins someday.

Its for the eaners who store bitcoins for a long time and they use it when the price is high. They are millionaires now and bitcoin was the great key for thier success. I just wondering why I don't know bitcoins before. I dont have idea with this at first. I just knew it this year by my friend. So thingking about people who has it for a long time they are rich now.

[Nazmul012]

I'm just surprised. because the matter of wonder is that, they just bought bitcoin and hold their Bitcoin and thus they are able to get millionaire so quickly than imagination without  do anything. this is an unbelievable thing which is only possible with bitcoin. maybe they enjoying their life right now by visiting or something like that...