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Author Topic: You're not wealthy yet, so you're not allowed to be wealthy  (Read 2840 times)
perfect999
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February 15, 2018, 10:32:22 AM
 #81

Rich get richer, yes. Most societies are run in this way. I'm from the UK, and the "Prime Minister" is essentially the CEO of UK PLC. The country is run like a business, even the national health service is being moved into private hands, so that the rich can asset strip and provide the bare minimum of service whilst paying huge dividends to their friends. Everything is geared towards making sure that the rich keep their wealth. Even taxes are optional if you are rich enough.

This is why bitcoin is so important.
This is one of the bitter truth that in our society, the richer is getting richer while the one who is poor is getting even poorer. The fact is this is not the justice as everyone has equal rights of having some good living by making more money, thus getting a chance of changing his life in some manner. Everyone is allowed to make more money using his own skillset and personal efforts.
Yes it’s true, and it happens all the time. They can even take advantage of the poor on the society to make themselves more rich than they are. Some poor people who invest in Bitcoin even end up losing their money cause the rich people always invest big money and also withdraw huge sum of money that turns everything upside down.But if you’re very smart and does everything at the right time, you won’t have to suffer this nonsense being caused by the so called big whales.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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traderethereum
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February 16, 2018, 02:06:55 AM
 #82

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law
I want to become rich, and I was introduced to Bitcoin for my life, I have called for interest from the wealthy and have experience doing business, and they show me how to become a money person, By participating in Bitcoin, I learned a lot of experience, and now I have succeeded

although you are now succeeded to have bitcoin, I think you still need to do more to get more bitcoin and don't feel satisfied when you already reach one goal. I think you still have another goal that you want to reach and this is why you still need to do another job related to bitcoin. but if you don't have another goal, then maybe you can enjoy what you get from bitcoin with your family.
Dorion2124
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February 16, 2018, 02:18:08 AM
 #83

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

Your wrong with that, not just wealthy people who can join in an ICOs, if you are hardworking and joining a lot of free site that can get bitcoin, then you can join in many ICOs. Hardworking poor people can be wealthy also if they work hard for it then they can also have their own wealth.
Notcalculator
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February 16, 2018, 03:26:30 AM
 #84

Rich get richer, yes. Most societies are run in this way. I'm from the UK, and the "Prime Minister" is essentially the CEO of UK PLC. The country is run like a business, even the national health service is being moved into private hands, so that the rich can asset strip and provide the bare minimum of service whilst paying huge dividends to their friends. Everything is geared towards making sure that the rich keep their wealth. Even taxes are optional if you are rich enough.

This is why bitcoin is so important.
This is one of the bitter truth that in our society, the richer is getting richer while the one who is poor is getting even poorer. The fact is this is not the justice as everyone has equal rights of having some good living by making more money, thus getting a chance of changing his life in some manner. Everyone is allowed to make more money using his own skillset and personal efforts.
Yes it’s true, and it happens all the time. They can even take advantage of the poor on the society to make themselves more rich than they are. Some poor people who invest in Bitcoin even end up losing their money cause the rich people always invest big money and also withdraw huge sum of money that turns everything upside down.But if you’re very smart and does everything at the right time, you won’t have to suffer this nonsense being caused by the so called big whales.

The system is rigged to reflect the needs of the wealthy, because they own all the influence. In a capitalist society today, working 8 hours a day isnt enough to get by if you're earning minimum wage. And that's why we have payday loans that literally preys on the poor for the benefit of the rich. The poor are allowed to participate in ICOs but they're not equipped with equal opportunities to do so.

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cherrymobile
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February 16, 2018, 11:02:41 AM
 #85

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law
This saying Youre not wealthy yet, so youre not allowed to be wealthy it is not a motivation to those people around the world who work hard and believed that someday they will experience to become rich. Dont ever believed that quotation it wont help us to become successful and fullfil our dreams in life by means of working with bitcoin.
jo123
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February 16, 2018, 12:02:16 PM
 #86

Yes i'm not wealthy yet but that doesn't mean that i'm not allowed to be wealthy. Yes i'm doing bitcoin to be wealthy because i want to have a great future ahead of me, i want to give my family the best life as i can. Being wealthy doesn't mean i want to be a billionaire i just want better life, better in the way that i can enjoy and have fun for myself and spend a little to.
orions.belt19
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February 16, 2018, 12:04:29 PM
 #87

Rich get richer, yes. Most societies are run in this way. I'm from the UK, and the "Prime Minister" is essentially the CEO of UK PLC. The country is run like a business, even the national health service is being moved into private hands, so that the rich can asset strip and provide the bare minimum of service whilst paying huge dividends to their friends. Everything is geared towards making sure that the rich keep their wealth. Even taxes are optional if you are rich enough.

This is why bitcoin is so important.
This is one of the bitter truth that in our society, the richer is getting richer while the one who is poor is getting even poorer. The fact is this is not the justice as everyone has equal rights of having some good living by making more money, thus getting a chance of changing his life in some manner. Everyone is allowed to make more money using his own skillset and personal efforts.
Yes it’s true, and it happens all the time. They can even take advantage of the poor on the society to make themselves more rich than they are. Some poor people who invest in Bitcoin even end up losing their money cause the rich people always invest big money and also withdraw huge sum of money that turns everything upside down.But if you’re very smart and does everything at the right time, you won’t have to suffer this nonsense being caused by the so called big whales.

It's sad to say that the rich really have an upperhand because wealth comes along with power and privilege. They may have some manipulation and this is because of how society works. There's really no easy way to get rich. Everyone has to work hard in order to get to the top and sadly, if you are at the bottom you hardly would have any resources for you to get on top. People who are rich are already on top and have unlimited resources which the people at the bottom do not have access to.
reverseflash
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February 16, 2018, 12:45:54 PM
 #88

There is nothing surprising in this. After all, there is a simple rule that says that earning $ 100,000 is many times simpler if you have a million than when you have only $ 100
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February 16, 2018, 12:54:13 PM
 #89

If we think about the price of Bitcoin yes only rich mans can afford it since we know that it's like pennies for them, I think so. If that will be the case well it's not all of us become wealthy but still there are some. But if do think about how we dedicate we are when it comes on getting our dreams through crypto and through the strength that God sustain to us we can do this Smiley
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February 16, 2018, 01:28:34 PM
 #90

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

I believe in the rule of equality, in which poor people has the same right as rich people. Being poor is not a hindrance for being an accredited investor that are allowed to join or participate in certain ICOs as long as he believes in his own capability to join. Besides, there are many other ways to participate in ICOs other than investing or buying tokens.
 
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February 16, 2018, 01:32:06 PM
 #91

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law
Who said that? If I'm not wealthy person now, their is no chance to become wealthy in coming year? It depends to person if he/she work hard for life, stay humble, kind and generous person then someday they reach the goal to become WEALTHY PERSON.
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February 16, 2018, 08:44:17 PM
 #92

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law
Who said that? If I'm not wealthy person now, their is no chance to become wealthy in coming year? It depends to person if he/she work hard for life, stay humble, kind and generous person then someday they reach the goal to become WEALTHY PERSON.

This stuff works in books for children still in kindergarten and in low budget movies.
In reality, if you're poor and you're generous there is no way you're going to become wealthy, chances are you're going end up penniless.

Some poor people who invest in Bitcoin even end up losing their money cause the rich people always invest big money and also withdraw huge sum of money that turns everything upside down.

You see, this is the problem. Poor people, juts like any other people  shouldn't invest more than they afford to lose , and till now with all the crashes those that have hold their coins and not end up panic selling have made a profit.

Besides, your point of view is biased.
You forget that when "rich" people invest money, they also drive the price up which is beneficial to you too.


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ProofOfLambo
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February 16, 2018, 09:02:43 PM
 #93

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

It is pretty much like that, it works under the assumption that if you have money you can afford to loose it and also that if you have moeny you know about finance. The opposite is also true: If you don´t own 1M USD then you don´t know enough to invest.
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February 16, 2018, 09:05:08 PM
Last edit: February 17, 2018, 09:39:25 AM by jak3
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 #94

I think everyone is clearly forgetting about a point. It does not depend on people but they are poor or not the main thing is they are literate or not and if you are not literate then how are you even here right now it definitely prove that you know how to read and write and how to earn from the online world and when you are planning to invest on something then I don't even care that why there are even rules you have the money go and put that money anywhere you want you are going to only face the rules when you are going to make profit. I still think that rules are not necessary which relates to the wealth of a person.
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February 16, 2018, 09:08:00 PM
 #95

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

I really think that since cryptocurrency has came up, and a lot of ICOs started popping up, it really changed how the society works. Before people can invest on projects such as ICOs, only people who are wealthy can invest on stock and large companies. When cryptocurrency boomed, even a normal citizen who has knowledge on cryptocurrency can take part of a great project and earn money with them.
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February 16, 2018, 09:35:04 PM
 #96

The belief on only rich people are capable of getting richer and the richest makes more money is absurd. This is just an excuse, I've known people who are wealth now that came from a very low key life and lived to a poor location. And if someone's who is not that rich enough wants to join ICOs and he wants to make richest with it, he can do it if he has extensive skills in trading and with other source of income too.

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richardsNY
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February 16, 2018, 10:12:07 PM
 #97

Before people can invest on projects such as ICOs, only people who are wealthy can invest on stock and large companies. When cryptocurrency boomed, even a normal citizen who has knowledge on cryptocurrency can take part of a great project and earn money with them.

It's not entirely true. Yes, crypto offers more opportunities for those with a smaller initial capital (in terms of investing in a booming coin), but at the end of the day, everyone has an equal amount of opportunities in both crypto and stock markets. It's more a mentality thing that makes people think stock markets are only for wealthy people. Just like right now you don't have to buy the most expensive crypto coins, in the stock market you don't have to buy the most expensive stocks. If you look around, there are several active and volatile stocks available that would have provided you very solid returns. If you avoid the traditional stocks, and just focus on the newer stock generation, you'll be getting great future potential as well, and that even with a low initial capital.

Look at the solid returns of these relatively smaller stocks -- https://seekingalpha.com/amp/article/4111246-best-performing-stocks-ytd-q3-2017
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February 16, 2018, 11:29:47 PM
 #98

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law
Richness plays a small role in investment. You need capital to invest in projects but knowledge needs much more because without knowledge of the market, no matter how wealthy you still can not succeed and may lose all. . So I think that to invest in any market you should study carefully before deciding to invest in it.

It is pretty much like that, it works under the assumption that if you have money you can afford to loose it and also that if you have moeny you know about finance. The opposite is also true: If you don´t own 1M USD then you don´t know enough to invest.

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February 17, 2018, 03:16:03 AM
 #99

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law
This rule is one of the stupid rules Ive seen conducting ICOs it only shows that developers who are enforcing this kinds of rules are too greedy I can see some ico like this before and I totally ignore ICOs which has rules like this If some friends asked me if its good to invest I really told them to stay away from it we are in a decentralized world now everybody must have a right to join in ICOs even in a  small amount like $10. 

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February 17, 2018, 03:32:19 AM
 #100

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law
This rule is one of the stupid rules Ive seen conducting ICOs it only shows that developers who are enforcing this kinds of rules are too greedy I can see some ico like this before and I totally ignore ICOs which has rules like this If some friends asked me if its good to invest I really told them to stay away from it we are in a decentralized world now everybody must have a right to join in ICOs even in a  small amount like $10. 

I am sure that there is another ICO that will give good benefits to us and we don't have to invest in ICO that is not give benefits to us. people could join in any of ICO and they could select the best ICO that they think could give much of profit in the long term and there are no rules that will stop people for joining the ICO. but we still need to know the details about the ICO itself before we decide to join in the ICO project and take the profit after the ICO is finished.
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