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Author Topic: Is Crypto A Way To become Rich / Millionaire ?  (Read 15720 times)
oppo070
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December 31, 2018, 12:17:06 PM
 #21

Based on Satoshi's white paper, he indicated that bitcoin is for p2p or peer to peer transactions, which is mainly for decentralized transaction that is focused to ensure decent and secure transaction, but people see's opportunity within it, that's why they became rich. But we should understand the essence of block chain technology, on how we should efficiently use bitcoin not just for personal purposes.

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December 31, 2018, 01:16:56 PM
 #22

Since nobody really knows him, nobody CNA really predict why he created it but I think that he did it to help Revolutionary the financial institutions in this world.

JimmyNg90
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December 31, 2018, 01:18:01 PM
 #23

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

Poverty issues? I think this is too far. I think he create Bitcoin to solve the transaction issue and reduce the other costs relating to finance. Wealth is something everyone wants. But it seems they are suffering from the glamor of this crypto market covering their eyes.

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raptorez
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December 31, 2018, 01:29:56 PM
 #24

a dream to get rich instantly does not leave the minds of dreamers))) maybe if you caught a wave when only Bitcoin started, then .. but) "If my aunt had been a man, she'd have been my uncle." people answered your question .. unfortunately it does not solve the problem of poverty (
This is a dream that today does not leave people's thoughts, because people want to believe in a miracle and they are willing to pay for it. This is the main idea of ​​this whole cryptocurrency world.
elloco4ever
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December 31, 2018, 02:06:29 PM
 #25

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

Actually Bitcoin was created only to avoid third party transactions as it is a decentralised coin people started make huge profits. Yes believe in this cryptocurrency if you want to see you as a millionaire after few years.

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December 31, 2018, 02:15:22 PM
 #26

Of course, Satoshi created Bitcoin as a model for the future. This is a model of the payment system which will be used by the whole world in a few years.

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December 31, 2018, 02:21:39 PM
 #27

Quote
Is Crypto A Way To become Rich / Millionaire ?
Deflationary crypto coins is a way not to lose 1-2% of your wealth because of inflation.
As a payment system it will fail, it is a way to protect your wealth and increase towards retirement not decrease year after year

"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling."  Satoshi Nakamoto, April 2009          Avoiding taxes is totally legal if you consider and respect the law.
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December 31, 2018, 03:53:31 PM
 #28

you will be able to earn money however you are unlikely to succeed in becoming a millionaire from this

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December 31, 2018, 03:55:47 PM
 #29

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?
"Trading" is seriously the only reason why people think they can be rich overnight. People invest into some obscure coins so their money could be tripled in a day and than go find another coin they could do the same constantly, that was the mentality in my country last year, there was so many coins that skyrocketed that some people actually quadrupled their money and believed it was going to be that way. They didn't care what the coin was about, they didn't care about the features.

Hell, I know someone who invested about 10 thousand dollars into a coin without knowing the full name, he just knew it was called etc and had no idea it was called ethereum classic, sad thing is he profited from that, which made him not care about coins a lot more and invest a lot heavier.

Crypto currencies are an invention, they are and experiment, they are a way for us to figure out if we can do this "economy" thing better than it is currently but people keep making it a commodity instead of a weapon against banks.
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December 31, 2018, 04:07:10 PM
 #30

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

If that is the mindset of every people then you got it wrong. People might get rich in crypto but not in an instant as what you think it is. Sometimes it also leads to losses where investments might not get lucky.

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December 31, 2018, 04:10:10 PM
 #31

Neither Satoshi created bitcoin to solve the poverty issue nor he created to solve transactions problem. For your info, bitcoin itself is a currency and that's what the intention of Satoshi was. We the greedy people turned it as an investment method and delaying it to be accepted as an international currency to everyone.
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December 31, 2018, 04:18:18 PM
 #32

Well as most of experts already mentioned that the core purpose is not the way you think but yes few people buy btc in early stages and then forget it after years when they reopen they were millionars. Basicially the main thing is blockchain we should study it and educate people on it to get the best out of it

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December 31, 2018, 04:25:33 PM
 #33

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

Yeah if you are hodler and do long term trade. For sure you can be a millionaire. Smiley)
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December 31, 2018, 04:32:44 PM
 #34

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

Definitely not,everyone in this world can't get rich so bitcoin also can't do anything about it but we can be millionaire through crypto currency investments.Main reason of satoshi invented the bitoin is to make the transaction without banks so we are in control of our money so clear your mind about being rich from crypto currency investments.

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December 31, 2018, 04:41:29 PM
 #35

I think bitcoin or crypto is made not to solve the problem of poverty or how to get rich, that's not the main reason in my opinion. Crypto or digital currency is made to make it easier for people to transact and their functions do not differ greatly from physical currencies. But because the price is very volatile so that someone (trader) can use this to get a profit, in the sense of utilizing these fluctuations. So if a lot of people think of bitcoin can get rich because of the very high fluctuations. But this really can make rich.
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December 31, 2018, 05:30:17 PM
 #36

I don’t think that with the help of cryptocurrency we can somehow become richer very quickly because a lot of time must pass

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December 31, 2018, 05:37:11 PM
 #37

Its not meant so solve poverty, its  meant to be just a digital currency where no one controls over it. But suddenly now it looks like it s going to be that way though, people are going to see bitcoin meant to make investors rich. Its like a stock market sort of tokenizing the public company so its gotta be  that way now.

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December 31, 2018, 07:19:04 PM
Last edit: December 31, 2018, 08:27:05 PM by Georgiyk
 #38

I think that the idea of ​​creating bitcoins, like almost any other cryptocurrency, is to exchange currency between people without the intervention of the authorities. That is, the human factor is excluded. Satoshi did not even think about the fact of rapid enrichment or solving the problem of poverty.


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December 31, 2018, 09:27:05 PM
 #39

If you guys are looking to spend crypto on  why not art.  Check out  www.zusev.com

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December 31, 2018, 10:17:44 PM
 #40

I think blockchain and cryptocurrency were created to solve problems with finances and thanks to crypto you can improve your financial status.

I couldn't of said it better myself. 🏆
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