To be a millionaire in the United States is to still be poor

[Gozie51]

I could retire with a million dollars, well at least don't work for others ever again in my life, unless very well paid.

And the USA doesn't even have a city in the top 10 most expensive cities in the world...

http://uk.businessinsider.com/the-19-most-expensive-cities-in-the-world-2016-6/

I really was thinking that 1million dollars can make a citizen there live a very very comfortable life. I'm finding it difficult to understand how such money won't give the citizen a good life.

It then means, bitcoin is really also helping Americans, was thinking they don't have much need for it. One million dollars is very huge to own so many life investments and more plus happiness to lay your hands on anything you want. Some guys / aliens in US would be very happy to fly back with one million box because they would be assured they are mega rich.

[jaysabi]

Just look at what a million dollars can get you. A 76 square meter apartment at the capital.

I'm sorry but that doesn't sound like being rich to me. That sounds like massive inflation has happened and we just haven't adjusted yet.


I have more faith in my worthless crypto-tokens over their worthless monopoly money they can print for themselves and their friends.


Fractional reserve masturbation economics don't reach me anymore.

"Rich" and "poor" are relative terms. They are relative comparisons to everyone else in an economy. Therefore, looking at what you can buy for a million dollars is meaningless to whether someone is rich or poor; you have to compare it to what others are able to buy to have any concept of whether someone is rich or poor, and it just so happens that having a million dollars puts you substantially ahead of the vast majority of people in America. Just because it doesn't fit some undefined expectation of yours doesn't make it not "rich."

[ausbit]

I could retire with a million dollars, well at least don't work for others ever again in my life, unless very well paid.

And the USA doesn't even have a city in the top 10 most expensive cities in the world...

http://uk.businessinsider.com/the-19-most-expensive-cities-in-the-world-2016-6/

I really was thinking that 1million dollars can make a citizen there live a very very comfortable life. I'm finding it difficult to understand how such money won't give the citizen a good life.

It then means, bitcoin is really also helping Americans, was thinking they don't have much need for it. One million dollars is very huge to own so many life investments and more plus happiness to lay your hands on anything you want. Some guys / aliens in US would be very happy to fly back with one million box because they would be assured they are mega rich.

Yes this thing is right being millionaire doesn’t matter because there is another currency that is fading away the importance of the cash and millionaire in bitcoin is bit different as compare to the cash owner because now everyone is switching into the bitcoin and the millionaires are also thinking to convert their paper money into the bitcoin to join the lane of profiteers of future.