[2017-06-12] Is Bitcoin the Millionaire Maker Everyone’s Been Waiting For?

[tyz]

Is Bitcoin the Millionaire Maker Everyone’s Been Waiting For?

Is the Bitcoin price a bubble waiting to burst? Some seem to think so, and the drastic rise in the cryptocurrency’s price, which wasn’t expected to go up at this rate makes it quite plausible. But by the time the bubble bursts, or if bursts, there will be many who would have turned richer by at least millions, if not billions. An author made the prediction on one of the leading business publication.

http://www.newsbtc.com/2017/06/12/bitcoin-millionaire-maker-everyones-waiting/

[Slow death]

"At the same time, the monetary and market situation across the globe aren’t helping fiat’s cause either. Sudden changes in the monetary system, like in the case of Venezuela and even India have reduced confidence in government-backed currencies. Also, the geopolitical situation in many regions isn’t helping either. It might take a long time for all these issues to get resolved, and as long as it continues people will keep trying to find alternative investments, which will most likely be Bitcoin."

Well, I agree... it would be nice if you also had the option to request bitcoin debit card, I would get rid of those banks of my country and their burrocracy and control

[richardsNY]

Waiting bubble to burst? I am quite sure that I have seen many speculators say exactly the same at the time the price reached the $1000 level again, and look where we stand now.... Other than that, Bitcoin in its current form is still a speculative investment tool, from there it all depends on the people, and then precisely referred to their position in Bitcoin.

I don't believe that holding 1 BTC will be enough to do the job, but that might very well be with at least 10 BTC. This obviously implies that you will need to start collecting as many coins as possible as we speak. The longer you wait, the higher the price gets, and the less Bitcoins you will get for your fiat currencies.

#HODL

[Kprawn]

Bitcoin has already made 1000's of people Millionaires and this is going to multiply in the coming years. How many became Millionaires by using

other payment methods like PayPal / Fiat cash / Credit cards ? The fact is, Bitcoin have also protected some people's wealth, when their

governments and banks wanted to destroy it. {Greece / The 2012–2013 Cypriot financial crisis.........} 

[1Referee]

How many became Millionaires by using other payment methods like PayPal / Fiat cash / Credit cards ?

Not a good comparison. PayPal & Co are nothing more than services that allows people to transact with fiat in digital form, and that's really it. Fiat on its own will not do anything other than losing value, and thus make you end up with less wealth despite the quantity of your wealth being the same as before.

The fact is, Bitcoin have also protected some people's wealth, when their governments and banks wanted to destroy it. {Greece / The 2012–2013 Cypriot financial crisis.........}  

That I fully agree with. I personally have a large part of my wealth locked into Bitcoin for the sole purpose of keeping it outside the banking and governmental system.

[Minecache]

How many became Millionaires by using other payment methods like PayPal / Fiat cash / Credit cards ?

Not a good comparison. PayPal & Co are nothing more than services that allows people to transact with fiat in digital form, and that's really it. Fiat on its own will not do anything other than losing value, and thus make you end up with less wealth despite the quantity of your wealth being the same as before.

The fact is, Bitcoin have also protected some people's wealth, when their governments and banks wanted to destroy it. {Greece / The 2012–2013 Cypriot financial crisis.........}  

That I fully agree with. I personally have a large part of my wealth locked into Bitcoin for the sole purpose of keeping it outside the banking and governmental system.

Ditto. Stuff the grey faceless suits.

[Terraformer]

Bitcoin is not a bubble. It`s value grows gradually, with good and healthy responds to market situation. Etherium looks very bubbled. Such rapid growth..

[TravelMug]

Bitcoin is not a bubble. It`s value grows gradually, with good and healthy responds to market situation. Etherium looks very bubbled. Such rapid growth..

Bitcoin is purely speculative that is why people think its a bubble. However, personally I don't think its a bubble. And the speculative nature of bitcoin has somewhat make someone a millionaire. And I think this what make investors and general investors alike go to bitcoin. They can even break or make it in this crypto's world.

[halych]

Bitcoin is not a bubble. It`s value grows gradually, with good and healthy responds to market situation. Etherium looks very bubbled. Such rapid growth..

Bitcoin is purely speculative that is why people think its a bubble. However, personally I don't think its a bubble. And the speculative nature of bitcoin has somewhat make someone a millionaire. And I think this what make investors and general investors alike go to bitcoin. They can even break or make it in this crypto's world.

Ordinary people go to bitcoin in order to earn money in a passive way. Maybe because of bitcoin they will be able to do it. Bitcoin gives good chances to all people to get rich