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Author Topic: Can bitcoin make someone the richest in the world?  (Read 2353 times)
crypticj
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November 20, 2020, 08:05:14 AM
 #41

Winklevoss browsers may become the richest brothers in the world because they own a lof of btc and even own exchange
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November 20, 2020, 08:33:08 AM
 #42

bitcoin can make people rich but you must know that not only is bitcoin capable of making us rich, if you have money then you can divide it for long-term investments, for example some 50% for bitcoin and the rest for companies that are needed by many people so it will make a lot of profit when the sales increase.


yes, bitcoin can be a source of you to be a rich man in the world but only bitcoin will not makes you to be a rich man in the world.
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November 20, 2020, 08:44:42 AM
 #43

I think this would have been possible 10 years back if you have bought btc at $0.01 then bought millions of it and then be able to hold it from that period till now that the price is $18,249.93  Grin, i think this is how anyone can be richest in world with btc, but this is no longer possible, many people sold their btc at different price at different stage and i don't there is any wallet who hold such huge amount of btc.

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November 20, 2020, 09:01:07 AM
 #44

I keep wondering when we'll stop looking at bitcoin as some sort of investment scheme and use it for its main purpose. If we keep on this way instead of seeing it as a currency, I'm sure thing can go super badly. Cause when people start to feel that their 'Investment' is going wrong(volatility), they'll definitely pull back and to me, this can lead to a big crash of bitcoin (both as an investment and as a currency).
I agree with you but the reason that make people think this way is the huge profits that some bitcoin believers made
Those people who bought hundreds of bitcoins when the price was cheap and hold them i think they are super lucky
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November 20, 2020, 09:19:10 AM
 #45

I think this would have been possible 10 years back if you have bought btc at $0.01 then bought millions of it and then be able to hold it from that period till now that the price is $18,249.93  Grin, i think this is how anyone can be richest in world with btc, but this is no longer possible, many people sold their btc at different price at different stage and i don't there is any wallet who hold such huge amount of btc.

Those old days where early holders really changed their lives after the bull run wayback 2017. if you do able bought millions of bitcoin
back then and you able to sell it up maybe you can be one of those richest.

But now, with bitcoin current state, it's not possible since there are many players who can overbuy bitcoin and easily manipulate
the value, there are competitions with billionaires that will interfere for being the richest man in the whole world.

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November 20, 2020, 09:54:07 AM
 #46

With 55 bitcoin in his wallet he can be a millionaire, but to be the richest of the world require the same bitcoin in millions. Most users have mentioned the true fact of bitcoin, one can be rich through bitcoin but the same can't make him the richest. Maybe the people who are in the richest list can move their holdings to bitcoin. In such a way based on the price change one can be on the throne for some time period.

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November 20, 2020, 10:13:03 AM
 #47

I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.
Richest man in the world?
I don't think Bitcoin could do it the current richest man have a $190 BN so how many Bitcoin would that person or how many crypto would that person needs to over take that spot.
Do you think that it would be enough and how about the market volatility it would affect their Net worth so I guess it would be hard.
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November 20, 2020, 10:51:53 AM
 #48

Already it's obvious that cryptocurrency especially bitcoin is money irrespective the way we humans comprehend it, normally we have different kinds of richness, so it's base on the area of the person's concentration in business, because looking of bitcoin traders and miners some are millionaires through trading stuff, so from my perspective or views I seems like bitcoin is what will make humans being most richest person in the world based on the person strategies and focus via cryptocurrency transactions or business if its well planned.

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November 20, 2020, 11:13:24 AM
 #49

Jeff Bezos' networth is 190 billion. Satoshi Nakamoto could be owning around 1 million Bitcoins. If 1 Bitcoin would cost more than $190,000 than his networth would be more than that of Jeff Bezos', assuming it won't change, for the sake of argument. There are other individuals who hold a lot of coins, but still much less than a million coins, so Bitcoin would need to cost millions of dolllars for them to become the richest person in the world.

A long way to go, bitcoin may reach that price within 3-5 years I guess, considering stable price growth over time, it is possible.
Nevertheless, bitcoin belongs to Satoshi Nakamoto is considered as 'lost coins'. We don't know what happen to him all this time, whether he is still alive or he has thrown the coin away for good, delete the private keys. in this case, no one besides Satoshi Nakamoto could become the richest man in the world by holding so many bitcoins.
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November 20, 2020, 11:58:24 AM
 #50

the only way to become richest in the world with the help of btc is to hodl more btc like you can imagine .

hundred thousand or millions of btc can already make you comparable to those fiat millionaires and you can be richer than them if the value of btc became a million dollar per piece .

 so far theres are only small number of millionaires with a small number of millions here on btc than compare to the fiat millionaires because btc was late to be created but if it happens that btc exist the year fiat exist , btc millionaires can be more powerful
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November 20, 2020, 12:08:34 PM
 #51

of course, by investing in bitcoin someone can get multiple benefits, depending on how they become a smart investor. the advantage can make someone instantly rich.

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November 20, 2020, 12:15:32 PM
 #52

I think this would have been possible 10 years back if you have bought btc at $0.01 then bought millions of it and then be able to hold it from that period till now that the price is $18,249.93  Grin, i think this is how anyone can be richest in world with btc, but this is no longer possible, many people sold their btc at different price at different stage and i don't there is any wallet who hold such huge amount of btc.

Salute to those hodlers way back 10 years ago where bitcoin started at a market value of $0.01. You would wondering how these people predict the future of bitcoin. And to be honest yeah, these people were considered rich already but i dont think so if these people were belong to the list of forbes magazine of richest man around the world. If i have only a 10 bitcoin in my account in exchange in our fiat i am definitely millionaire now.

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November 20, 2020, 12:17:36 PM
 #53

We have a small community about bounties, one of my friends has started trading for 5 years and participated in many bounties, he gave us a small estimate that we have already earned $60k for his hard work. Can he be categorized as the new rich in cryptocurrency?
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November 20, 2020, 12:39:29 PM
 #54

If the price of Bitcoin continues to rise, then in the ranking of the richest people in the world (Forbes), Bitcoin holders will take first places. 

This will be the most global redistribution of capital in human history.  Wealth will move from business people to IT specialists.  Thus, investing in bitcoins is a chance for every user of our forum. 

We are currently reformatting our world.  The world is going digital.  And Bitcoin is an important part of this new world.

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November 20, 2020, 12:44:50 PM
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 #55

I came to investigate the richest man in Africa, he is not a bitcoin users, but a business man who don't depend on bitcoin investment.
The richest man in the world, he is not a bitcoin users but a business man who use fiat Money to invest and make a good profit.
Is there any way someone can use bitcoin to invest and become the richest in the world?
Your opinion is needed.

It's hard to became a richest man in the world by just investing with bitcoin only since you need a multiple resource before you can achieve that standings, but you can possibly change your life and became rich with bitcoins so give it a try and learn the things that needed to do and be informed on scams and legit way to earn.

See the top 5 bitcoin millionaires on the link below

https://www.investopedia.com/articles/people/083016/who-are-top-5-bitcoin-millionaires.asp

R


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November 20, 2020, 01:24:14 PM
 #56

You don't need bitcoins, but a head on your shoulders and a working strategy. The richest people always diversify their assets, they do not put all their eggs in one basket, this allows them to receive income from different sources, even if one of them stops working. Bitcoin can make you rich either through trade or hold. Think about it.

Bitcoin is not that really effective in making profits because it is not always bullish in the market.

We all know that bitcoin is volatile and it shouldn't be your no. 1 priority when it comes on looking for a good source of profits. Look for other sources of profits so that money will come to you in different ways. Don't rely on bitcoin only, still, having a professional job is necessary because the salary that you are getting from that is really stable compared to bitcoin which is doubtful when it comes to its price.

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November 20, 2020, 01:39:14 PM
 #57

Bitcoin is not mandatory to become rich, they become rich through their hard work and effort in growing their money even before bitcoin was created.  And there's a lot of ways these people know how they are going to multiply their money like investing and such. But since now that Bitcoin is quite actually doing good in the market, it can help rich people to grow their money by investing in it. However, there's no guarantee that they can be the richest person in the world. The richest man alive can invest in bitcoin but his profit from it might just be a small portion of his actual profit.
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November 20, 2020, 01:52:29 PM
 #58

It's been rumored that the creator of bitcoin who goes by the name of satoshi nakamoto holds a fortune of 1.1 million bitcoins. Which at the moment is valued at just 18 billion but as hoped by most, if the price of bitcoin keeps on rising, the creator of bitcoin could be the richest man in the world and we would still not know who it is or is the person still able to utilize that wealth. With so much of institutional interest, we can safely say most of the richest people in the world are already directly or indirectly using bitcoin to increase their wealth.



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Rainbot
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November 20, 2020, 01:53:05 PM
 #59

when referring to current prices it is difficult to fight FIAT to make someone the richest in the world. But if the price of bitcoin can reach the price of 1 billion peritcoin, it probably will. but I do not know how much the highest price of bitcoin is, but it is very difficult to make bitcoin holders the richest people.
Bitcoin is new and still 11 years old, a young age with a limited supply of only 21 million. while the dollar will continue to print and make the richest person in the world own more than bitcoin.

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 airbet 
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Subbir
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🎄 Allah is The Best Planner 🥀


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November 20, 2020, 01:57:05 PM
 #60

Bitcoin may not make anyone the richest person in the world but you can make money by investing in Bitcoin. It takes patience and long-term waiting to have a good idea of ​​when the price will go up. Every rich person has worked hard to achieve success. Bitcoin investing is not possible if you do not have enough capital. Therefore, in order to become rich you have to look for other jobs and use your knowledge and intellect to work hard and move forward according to the plan the biggest tool to get rich is hard work.

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