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Author Topic: Can bitcoin make someone the richest in the world?  (Read 2353 times)
sarmrakib
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November 20, 2020, 02:02:11 PM
 #61

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.
Its really tough to say that a bitcoin investor became the richest in the world .I have strong believe that in future we can find someone who will be the richest in the world and being a investor in bitcoin and crypto world as well .There is still a chance that we can someone who are in the top can invest in bitcoin now lets see what happen in the next few year .

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November 20, 2020, 02:07:20 PM
 #62

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.
Holding a lot of Bitcoin today will bring many opportunities for you to become a billionaire but the richest in the world, I am not sure. You will have the opportunity to partner with large financial funds to perform investment missions or possibly manipulate the market. The richer the rich, the more opportunities they will have to make money as well as become a celebrity and have a great influence on the public. These are things that a lot of Bitcoin holders certainly have. Wink


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November 20, 2020, 02:10:23 PM
 #63

Bitcoin may not make anyone the richest person in the world but you can make money by investing in Bitcoin.
But possible the richest people will invest in Bitcoin and get richer.

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.
Those who are willing to risk and wait for the right time will actually gain profit but for those impatient individuals, the crypto investment could be their nightmare. This is why investing isn't for everyone (even in the stock market) and for the reason that investment won't give us an instant return. This will be a long-term investment, we have to wait months, a year, or even more just to have the result unless if we are engaged in trading.



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November 20, 2020, 02:33:00 PM
 #64

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.

Actually people will not share it,if they became a richest man by the investment in bitcoin.Because they need to pay the tax ,if the bitcoin is legalised and monitor by the government where he belong to.Many rich shot had invested money in cryptocurrency.So most investing people won't share it to all.

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November 20, 2020, 02:48:47 PM
 #65

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.

Ohh man, if I can turn back the hands of time to do one thing in life, it would definitely be to flip back to 10 years ago and buy me some millions of btc and wait for 2020  Cool no need to do any hardwork or anything whatsoever,
Yeah the btc early investors were damn lucky,  but I believe most of them never thought they will see btc at this price, otherwise you know what would have happened  one person owning half of btc entire supply ...... sick  Tongue.

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November 20, 2020, 03:04:13 PM
 #66

I don't think so. With the volatility of bitcoin, it would be really funny to see that guy going up and down the list of the richest men in the world. Bitcoin can make someone rich but I don't think that kind of heights as the richest in the world unless that person or individual is already on the list and then he invested in bitcoin or other crypto currencies as well.

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November 20, 2020, 03:08:26 PM
 #67

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.
Those richest in the world did a hard work to earned money and it took them years to what they are today. Even in bitcoin it is not a quick scheme profit that others think when they adopt and invest their money they will become rich right away. Indeed, it requires patience, determination and hard work but of course in bitcoin a lot of opportunities and possibilities they can get.
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November 20, 2020, 03:23:53 PM
 #68

Of course yes, bitcoin can make people rich but I doubt on the opinion about the richest thing all over the world because even though you have so many bitcoin then you will sell it to make money, many banks will ask you where did you get all those things and you can't answer them by just telling from bitcoin so they will doubt on where you get those things. Unlike on what you have been said that
Those richest in the world did a hard work to earned money and it took them years to what they are today. Even in bitcoin it is not a quick scheme profit that others think when they adopt and invest their money they will become rich right away. Indeed, it requires patience, determination and hard work but of course in bitcoin a lot of opportunities and possibilities they can get.
What we are pointing here guys it is just bitcoin is not an key in order for you to become rich in an instant life span but you need to be more knowledgeable also and it will took some years of hard works and hardship in order for you to become rich or millionaire. Those richest person all over the world also takes the path of being poor but they work hard and strive hard in order to obtain their position in life.



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November 20, 2020, 03:36:32 PM
 #69

Maybe this will possible over more years. But now it is not possible yet. May be the owner of BTC enters the list of a rich person soon. But BTC is at a growing level when it will gather its experienced and make a position then nothing will be impossible for that. For this BTC should have to go a long run and have to cross all the difficulties.

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November 20, 2020, 06:04:46 PM
 #70

It is conceivable if you seek. It is also possible to become the richest person by bitcoin. All it puts up with is patience and concentration. Frivolity is fulfilled effortlessly, it seizes duration. If you squeeze into Bitcoin and conserve the strategy, then it is apparent to be in a good position or richest person.

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November 20, 2020, 06:10:08 PM
 #71

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.
Those richest in the world did a hard work to earned money and it took them years to what they are today. Even in bitcoin it is not a quick scheme profit that others think when they adopt and invest their money they will become rich right away. Indeed, it requires patience, determination and hard work but of course in bitcoin a lot of opportunities and possibilities they can get.
It is indeed true, those people who are rich right now are the people that are responsible in so many ways because they cannot achieve that goal just by dreaming, they are inserting some effort and hard work to do every task/work possible to make their dream true. Not only that, we all know that knowledge is important to success, they have the eagerness to achieve more and more by studying what they need to be able to invest their money. Everyone in here can be the richest man in the world, bitcoin can do that to you. The only thing is that you should do it yourself using the knowledge you have right now.
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November 20, 2020, 06:22:07 PM
 #72

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.
I am Agrss with you. I think Bitcoin is world famous digital currency. Now a days it is hot product in digital currency market. Few days ago Bitcoin price was mear about 3200$ But Now 18600? So i told that A person to be a richest man by trading Bitcoin or hold Bitcoin. And Bitcoin is a perfect things for to be a Richest man.

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November 20, 2020, 06:30:15 PM
 #73

I guess someday it might, bitcoin is still new and gaining attraction as each day goes by, with time it's going to be popular and be able to make someone one of the richest man in the world, and before you compare don't forget this people you mentioned started investing with fiat a long time ago, Aliko Dangote in particular has been in business for over 30+ years now and I believe same thing goes for Jeff, this guys have been using fiat for over three decades now, so we shouldnt start comparing bitcoin and fiat, let's give bitcoin more than to grow.

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November 20, 2020, 06:34:32 PM
 #74

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.
Why does he has to be a bitcoin user? Owning of bitcoin doesn't mean that you'll become rich. Check whitepaper at first to understand what was the idea behind creating of bitcoin!
To invest bitcoin in what? Do you mean to invest in bitcoin and become the richest man? If you would mine/buy bitcoins in 2009-2010 and sell them when price was high, buy them when price was low and wouldn't make mistakes, then - yes. If you hack the network, then maybe - yes.
You can't become a rich by just doing everything fine, there is another life behind being a rich and you have to succeed in it. You have to be strong to keep your property or someone will take it away from you!

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November 20, 2020, 06:46:06 PM
 #75

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.

I think you ask this question because you do not understand what bitcoin really is. I'd advise you go through the nine pages of bitcoin's white paper and you'd realize that bitcoin was made to be a currency. Currency meant to be spent just like the US dollar and other fiats.
What you're asking is equivalent to asking if the US dollar can make one the richest man.
True, one can make money by trading in the crypto market just like the forex market but you'd realize these people don't trade to become the richest person in the world but to make a living

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November 20, 2020, 06:55:03 PM
 #76

Any investment could make anyone the richest. But I guess Bitcoin won't make me the richest. One reason is circumstances, in order to earn huge profit from investment, you need to have a big capital to make it to the top. Especially in this technology wherein there's no consistency with the profit, which will be a struggle if your aim is to be the richest. I'd say diversify your investment in order to climb to that peak, because in such way you will generate bigger profit.



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November 20, 2020, 08:26:48 PM
 #77

If you understand how long the fiat currency that these rich men have been using to invest compare to crypto you will not necessarily ask this question. This is because in a diverse world rich people make hale while the sunshine. Many of them might consider crypto as an alternative means of investment as time passed by when crypto is generally accepted worldwide because that is what matters. Some rich men that invest in financial institutions are already making use of crypto
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November 20, 2020, 09:26:17 PM
 #78

OP:
What is the point here (!! / ??), there is a tendency to measure bitcoin by its intrinsic value in fiat currency, it is obvious our economic mediocrity leads us to the simplicity of measuring ourselves around to the dollar. but...(e.g.) and if we think differently, bitcoin is bitcoin, one day the reference may be bitcoin.

Here you have to open your mind in the same way that the fortunes of the richest people on the planet are measured, many of the fortunes mentioned are only referenced in dollars but such amount does not exist physically in Fiat currency, there is something called assets, liabilities that generates capital assets, to make it simple without going into details that leads to for such amounts in billions of dollars of some individuals that are mentioned in different lists.

If you are lost in my idea, if you take the fortune of the richest man in the world and convert it into bitcoin at the current price, it gives you a relationship that 21 million fall short, they do not reach, because there is a real limit in quantity and price, but If you forget that you can quantify it at today's price it would be more but that much more than 21 million BTC.

With the above I only try to take you to the point that in the practical reality of the value of bitcoin, millionaires also have their bubble because their fortune does not depend on the reality of cash in a bank or on the reality of having such an amount of cash.

So it is very possible that the largest holder of bitcoin has in practice with the value of yours bitcoin in fiat more money than some of these millionaires.

G.B.

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November 20, 2020, 09:32:51 PM
 #79

Why not? It is possible, right?
Bitcoin is one of the promising assets to make people be rich. But yes, at the same time, Bitcoin also has a bigger risk than other assets. That's because the price of Bitcoin can increase significantly but also can drop suddenly as well. Yep, the volatility of Bitcoin price can be the advantage and disadvantage of this digital asset. It depends on how smart the holders manage their BTC assets. If the holder knows very well how to take advantage of Bitcoin, then it is possible for him to the richest one. IMO

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November 21, 2020, 05:12:44 PM
 #80

The top richest men in the world became billionaires without Bitcoin, and most of them have been billionaires before Satoshi even thought of creating Bitcoin. I can’t tell for sure whether bitcoin can make anyone the richest man, but being the richest man requires a lot of work. Maybe Bitcoin can help in boosting your wealth to the top, but you still have to be investing in other assets and also have a business that you’re doing.

Just check the richest men they all have businesses that they are in charge that’s bringing in a huge stream of income; Bill Gates has Microsoft, Jeff Bezos owns Amazon, Zuckerberg has Facebook, and even the African richest man you’re talking about has a big company, one of the biggest in Africa, and these businesses are getting them steady income on a daily, which is unlike Bitcoin.
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