Do bitcoin millonaires deserve their wealth?

[entrepmind23]

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

Yes it is because they have bitcoin when they are still unsure of what will happen to it in the future in which they end up being millionaires. Those people who are risk takers are mostly the one who would end up being successful opposite from those people who are just always comfortable in their comfort zones who are afraid to take risk. We can still see it until now wherein there are still people who are very doubtful of cryptocurrencies and still stuck in investing in stocks and mutual funds because they feel secured with it but those who are willing to try the unknown are so far happy with their decision.

[dhrazzen]

YES!  bitcoin millionaires deserve their wealth because they work for it.  In fact they did an extra effort and believe nor trust bitcoin. It takes to long before their work has paid off and now they succeed.  So,  millionaires deserve it and to become one, we must also do the same thing.  It may takes years but it is so worth waiting.

[Kakmakr]

If you have knowledge of the financial system, then you would have chosen Bitcoin a long time ago. The knowledge of this broken system, would have pushed you towards Bitcoin and you would have made millions a lot earlier.

It is a pitty that this knowledge was not distributed a lot wider in the beginning and most early adopters were Libertarians and Crypto enthusiasts with Anarchist roots. <These people took a big risk going up against the authority and they are reaping the rewards>  

[ccris0637]

Yes that's fair and they deserve what they have now regardless what education, status, and few bucks they have when they start gathering btc. People who had been millionaire through btc are those whose have the guts to take risk of making their cents to millions and losing as well which all of us can have during that time btc cost only cents but we decide not to believe and they do believe.

[cr_liev]

We can't judge about all, if they deserve their wealth but in any case they are worth it. Being in the right time in the right place is a rare and valuable feature. By the way, I'm sure these people who are now bitcoin millionaires do not count money of other people 

[Morjana17]

All of us want to become a millioniare that is the reason why bitcoiner deserve of what they have and thats the fruit of success. Its so hard to earn thats why we need to work hard, sucrifice everything and pray to God for guiding every activity. Bitcoiner deserves the wealth because they did the right for the bitcoin. They earn for the right and for that they live a happy life.

[xuan87]

Yes, they maybe not familiar with technical things and how Bitcoin work, but they have faith in Bitcoin that is the one that make them wealthy, most of the millionaire here start from when Bitcoin is very cheap and some of them do hard work trading to make the fortune

[kier010]

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

that is their luck so they become a millionaire. they invest early and hold it for many years and they believe in bitcoin so that is the fruit of everything they done. it is fair for them to be millionaire so if you want to become millionaire you can invest too and hold and wait.

[Lupus Solitarius]

It doesn't matter it it's fair or not: sometimes you find yourself in the right place at the right moment, sometimes not.
And sometimes just a casual move makes you millionaire. Sometimes a casual move brings you to disaster.
That's life. So, congratulations to the bitcoin millionaires! :-)

[hatshepsut93]

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

In my mind, if they didn't rob or scam someone, then it's fair. You may or may not like the fact that some people got rich easily, but they didn't do any harm to others, so it can't be a crime.
The idea that speculative profits are unfair comes from communist ideology, because in that theory value is created only through labor, therefore any non-labor income have to be some sort of a fraud, otherwise communists just can't explain it within their theory. But Austrian and mainstream economics view trading as a positive function that establishes market prices and creates signals that guide economic growth.

[CryptoRyuzaki]

They were proactive in investing in bitcoins early and were patient in not selling out during the early spike periods for smaller profits. So, yes, they very well deserve their wealth. They have the forethought that this would be a gold mine in future and invested in them.

[TheUltraElite]

Yes, they maybe not familiar with technical things and how Bitcoin work, but they have faith in Bitcoin that is the one that make them wealthy, most of the millionaire here start from when Bitcoin is very cheap and some of them do hard work trading to make the fortune

Just having faith in something wont make anyone wealthy. That like saying having faith in USD makes someone wealthy. However I understood what you are trying to say which is that taking advantage of the rise and fall of bitcoin price one can make money and specially if they have been holding bitcoin for a long time.

But one must trade it in order to cash that profits - so simply faith wont help but others skills are also needed.

[rain3798]

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

Well, I think yes, they deserve their wealth even they don't have particular knowledge about the economy and business because they work hard for it. It was their idea, it was their time, it was their strategy and it was their knowledge on why they are millionaires now. There's no rule that only those person with knowledge about economy and business has the right to be millionaire because every one can be.

[amishmanish]

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

In my mind, if they didn't rob or scam someone, then it's fair. You may or may not like the fact that some people got rich easily, but they didn't do any harm to others, so it can't be a crime.
The idea that speculative profits are unfair comes from communist ideology, because in that theory value is created only through labor, therefore any non-labor income have to be some sort of a fraud, otherwise communists just can't explain it within their theory. But Austrian and mainstream economics view trading as a positive function that establishes market prices and creates signals that guide economic growth.

There must be all kind of people who have become millionaires with bitcoin. Those who were using it for illegal trades on Silk Route, those who bought/ mined on a whim and then forgot all about it, those who held on through the years or those who held on and traded since last year after it became mainstream.
I think they all deserve it except the first category. The scammers are plenty. To give an example of my own country India, there was a drive by the Indian government to curb black money by suddenly banning all big denomination notes in November 16. A lot of corrupt businessmen and bureaucrats keep their ill-gotten money as cash.
This even includes people like lawyers, doctors etc. who earn huge amounts from private practices but keep it in cash so that they don't have to pay takes on this.

Immediately after this demonetisation steps, a few shrewd guys who had known about bitcoin back then started offering to turn this cash into secret currency for these people. A huge amount of funds changed hands and the people were given bitcoins in the form of paper wallets etc. People invested millions of their ill-gotten money when BTC was  under 1000 USD.
Guess what, those people not only were able to save their black money but multiplied it many times making themselves multi-millionaires.

The Doctors/ lawyers probably deserve it but not the corrupt govt. officials who keep their bribe money in cash.

[John088]

In today's world some core moral values, that previous generations had, are beginning to fade. It is not about hard work anymore. It's about smart work, and most importantly - adaptability.

Remember - not the most hard working, but the most adaptable species throghout the history survived to see today.

[0t3p0t]

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

Yes of course they deserved it. And it is actually a fair situation as what you have said earlier. In this cryptocurrency world whoever, whatever you are and wherever you are from it doesn't matter as long as you have the idea or knowledge about it. They work for it for sure and they keep there coins for so many years and it's worth it. Just like what we are doing today with Altcoins  we buy, hold, and harvest. We did it because we want to become one of those early adoptors that are now the Bitcoin millionaires.

[tenebriscaelum]

For me they deserve that wealth that they have specially for the early adapters of bitcoin since on 2009 they think that bitcoin is just a scam or hack by some certain programmer but as you know right now it is one of the most profitable crypto currency in the market today. 

[Ilegendph]

Ofcourse yes, they put a large of faith into bitcoin and blockchain technology since this kind of technology is new and not yet tested before. It took several years for the normal people to know what bitcoin is and start investing and make the price of bitcoin soars high. For me, its just the prize of believing in an idea that can help others.

[Apple Mac]

It is know that bitcoin has made a few millionaires, but many of these people don´t have any particular knowledge of the economy nor business. Do you think that is a fair situation?

Well I think, ignorance is not an excuse, it is natural to those investors and rich people to staple themselves in higher state which where they are nowadays, and us , unknowledgeable enough people who were new here doesnt have the rights to accused them since its like indenpendent living mind your own business.

[alphaomega.f]

of course, they worked hard to earned it so why wouldn't they deserve it? unless if they earned it from spamming which I have no idea if possible.