Huge Future Bitcoin Holders!

[GeorgeJohn]

Bitcoin is good to invest on, and especially for rich people who have spell money for investment, it's very encouraging and very understanding support your motion concerning rich people have the chance to get more richer for investing in bitcoin, from my understanding once in Bitcoin once you getting your profit depends on how long or time frame is the investment.

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[milewilda]

A lot Unknown, that's why I ask a lot of questions.
With over 50 million millionaires across the globe and 21 million BTC , what happens when every millionaire out there gets 1 BTC ?
Half of the 50 is 25 and they can all get the 21million BTC.

This giving the rich a better chance to be richer, and not to the middle class nor poor.
Ain't this a threat to the future ? Cos I believe, 80% of Bitcoiner's are big time holders.

Thoughts please.
Thank X

Monopoly kind of style eh? Cant really be avoided on which to those who are financially capable are the ones who would take advantage on accumulating more which it is really that normal since they do
have the money to spend or invest on compared into those typical or ordinary investors but to mind off that the circulation would count as a whole as people could engage out even with just having few satoshis but somehow speaking of profitability then we do able to see the big difference. Market movements isnt something that would be easy to manipulate but its not impossible though.

[kawetsriyanto]

With over 50 million millionaires across the globe and 21 million BTC , what happens when every millionaire out there gets 1 BTC ?
Half of the 50 is 25 and they can all get the 21million BTC.

We don't know if many millionaires are interested in buying or investing in BTC. There is no data about how many millionaires are involved in BTC investment. But even if half of the millionaires want to have 1 BTC, it won't be a problem. Instead, it will trigger the price of Bitcoin to increase massively because all people will trust more in Bitcoin. Once many millionaires decide to buy Bitcoin, it becomes strong proof that Bitcoin is a trusted asset for our future.

Anyway, it is true that rich people will be richer if they know well how to invest in BTC properly. While middle class and poor people can improve their economic status. So, nothing wrong with this, right? It is even a good way to strengthen our economic level.

[rat03gopoh]

Crypto volume also includes all altcoins, not just bitcoin. Retail investors won't lose out on investment options. In addition, bitcoin is valuable because there is a global demand there. If the supply of bitcoin only rotates between 25 million millionaires, it will reduce the level of demand which means inflation will occur.

[Luzin]

Bitcoin is good to invest on, and especially for rich people who have spell money for investment, it's very encouraging and very understanding support your motion concerning rich people have the chance to get more richer for investing in bitcoin, from my understanding once in Bitcoin once you getting your profit depends on how long or time frame is the investment.

Slightly disagree with you, even the chances of a poor person becoming rich can happen because of crypto. Even many people started collecting bitcoins through Fauchet, and it didn't require any prior wealth. They continue to multiply by trading, mining or anything else.
Of course capital also affects the results, rich people will profit more if using large capital. I think the difference is only in the initial capital that the user has.

[rodskee]

A lot Unknown, that's why I ask a lot of questions.
With over 50 million millionaires across the globe and 21 million BTC , what happens when every millionaire out there gets 1 BTC ?
Half of the 50 is 25 and they can all get the 21million BTC.

This giving the rich a better chance to be richer, and not to the middle class nor poor.
Ain't this a threat to the future ? Cos I believe, 80% of Bitcoiner's are big time holders.

Thoughts please.
Thank X

actually the numbers are not valid because we already Knew that there are only lessen Millions of Bitcoin in circulation and to be Mined meaning this can be 15 millions ? or even lower .

But I'm afraid this could happen because those 50 millionaires around the globe are not interested in Bitcoin or even in cryptocurrencies this has been in the system for more than 10 years yet only few are willing to Buy.

though you have a point here.

[Cryptmuster]

Not everyone will get 1BTC even today when a millionaire can still consider it cheap. There is always going to be someone who will sell though. A fraction of BTC is still BTC or there is always ETH or whichever altcoin is preferred. It's a free market where anyone can buy, I wouldn't be worrying about the millions of millionaires if they are not buying BTC, their $millions is not mine anyway.

Bitcoin is Bitcoin, buying it you can feel confident that everything will be fine with your coins. And at the expense of altcoins, these are always increased risks, what risks they are exposed to, I will not enumerate all of them well know. Well, if you look at history, altcoins almost always get cheaper relative to bitcoin, so the conclusions are obvious.

[arwin100]

A lot Unknown, that's why I ask a lot of questions.
With over 50 million millionaires across the globe and 21 million BTC , what happens when every millionaire out there gets 1 BTC ?
Half of the 50 is 25 and they can all get the 21million BTC.

This giving the rich a better chance to be richer, and not to the middle class nor poor.
Ain't this a threat to the future ? Cos I believe, 80% of Bitcoiner's are big time holders.

Thoughts please.
Thank X

Why focus on those millionaires because all of them have other business to deal with and if they are interested with bitcoin then maybe by now we see majority of them are in this industry. Its just each one of us have different perspective upon looking on different investment and might majority of millionaires doesn't want to engage with bitcoin since as we can see on the mainstream bitcoin didn't get a positive outputs towards them. Just focus on what did you do today since for sure it can help you out gain in future.

[Oasisman]

A lot Unknown, that's why I ask a lot of questions.
With over 50 million millionaires across the globe and 21 million BTC , what happens when every millionaire out there gets 1 BTC ?
Half of the 50 is 25 and they can all get the 21million BTC.

This giving the rich a better chance to be richer, and not to the middle class nor poor.
Ain't this a threat to the future ? Cos I believe, 80% of Bitcoiner's are big time holders.

Thoughts please.
Thank X

Rich are becoming richer because they are investing into different assets or business that gives them a potential huge gains.
It is not their fault If they all own 1Btc and became even richer when middle class or even the poor ones could actually accumulate Bitcoin gradually for a long term profit.

Middle-class people usually depends only on their high paying salary.

[raidarksword]

Well, rich people become more richer because of their mindset to look for long-term investments and that's what separate from small time holders. They are buying while others are in fear and dip market right now they loading their bags and they know when to take profit. Bitcoin is open to all and the focused should not be on big time whales, as small time holders should also think like big, hodl and be a diamond hands.

[lornadane]

Well, rich people become more richer because of their mindset to look for long-term investments and that's what separate from small time holders. They are buying while others are in fear and dip market right now they loading their bags and they know when to take profit. Bitcoin is open to all and the focused should not be on big time whales, as small time holders should also think like big, hodl and be a diamond hands.

Because they can afford it, they are not afraid because of how much money they spend so they are not afraid to buy bitcoins when others back off to buy bitcoins.
Because they also have more assets so that what they have bought is not afraid to keep for a long time.
In contrast to people who have limited money, everything must be thought about first.

[Vatimins]

     You know what brother, there are actually only a few millionaires that own bitcoins and most of them became one because of the very existence of bitcoin. While it's true that millionaires have a lot of capability, it won't be as easy as in the oast to get their hands on bitcoins anymore because if you think about the fact that in the past few months only a few decided to let go of their bitcoins despite the huge dip says a lot already. And if we consider how few the maximum supply is along with how little there are that has been mined, billionaires and institutions have the upoer hand. Just same as millionaires compared to the less fortunate. Its just like this: The earlier years of bitcoin are the times when the less fortunate have great chance of acquiring them. The middle, up to this day are for the millionaires and slowly turning into times for billionaires. The coming years, are for billionaires. While it is evident that any of the three classes can get bitcoins in whichever timeframe depending on resourcefulness, we cannot deny that the ones with higher capital will always have the upperhand.

     - Now, does this makes the rich richer? Probably. But it doesn't mean it makes the poor poorer. In fact, it helps the poorer get more opportunities since bitcoin is not the only crypto out there and as bitcoin rises, it takes with it all the altcoins. So if a person is smart and skillful enough, he won't get poorer. Instead, he will be rich.

[The Cryptovator]

Not always happen what we think. A lot of millionaires even don't know about cryptocurrency. Do you think they aren't earning a handsome amount even when they are sleeping? I think so. Millionaire for a country doesn't matter, it's a normal matter for a country in the native currency. So better we talk about Billionaire rather than talking about Millionaires. No, all billionaires wouldn't invest in Bitcoin nor they would have faith in it. They have a solid earning source for how they become billionaires, doesn't necessary to be interested in Bitcoin. Even they become interested, there is a unit of Bitcoin that will solve the problem. Always we may buy Satoshi unit.

[suzanne5223]

OP, what you point out is something I have thought about on several occasions ever since the institutional investors find a safe haven in Bitcoin and the best every middle class or poor people can do now is to hold their bag rather than sell for little profit.

So better we talk about Billionaire rather than talking about Millionaires. No, all billionaires wouldn't invest in Bitcoin nor they would have faith in it. They have a solid earning source for how they become billionaires, doesn't necessary to be interested in Bitcoin.

I think we need to understand that even if Bitcoin become the mainstream of payment all Billionaires won't invest in it and the same thing happened to the Millionaires. Although if there's a huge number of Billionaires that invested in Bitcoin, it will influence some organizations and individual

[Sebas.tian]

Well, rich people become more richer because of their mindset to look for long-term investments and that's what separate from small time holders. They are buying while others are in fear and dip market right now they loading their bags and they know when to take profit. Bitcoin is open to all and the focused should not be on big time whales, as small time holders should also think like big, hodl and be a diamond hands.

Yes, Rich people don't play with their investment by spending a huge amount of capital to purchase bitcoin. They are fully prepared for this bear market not to sell than to buy more of bitcoin to get richer in the community. The rich people prefer long term investment than short term investment because the long term investment allow the rich people to have a good plan that will keep them richer. Poor people always afraid of putting huge amount of money on bitcoin investment because they don't believe that bitcoin investment can make someone rich in the community .

[Altcoinsintel]

This giving the rich a better chance to be richer, and not to the middle class nor poor.
Ain't this a threat to the future ? Cos I believe, 80% of Bitcoiner's are big time holders.

Thoughts please.
Thank X

What do you mean a threat to the future? What exactly is the future for BTC?

[Odusko]

If one wants to see the true picture of cryptocurrency you will need to go back to study the Bitcoin history and chart, well I don't think with the currency system having the whole of 21 million Bitcoin into the hands of the rich is possible. Because Bitcoin is already halfway divided into different wallets some of which are currently inactive e.g Satoshi wallet and the rest of Bitcoin early adopters who bought Bitcoin when the price was relatively low. So no whale can have total control but as long as you hold a bit in your Bitcoin wallet you are part of the Bitcoin network.

[uneng]

There was a time when bitcoin was cheap as 1 dollar and still accessible to anyone who went for it, doesn't matter if they were rich, middle class or poor. So we can't blame bitcoin for making riches richer. Middle class and poor people should be blamed for not adopting bitcoin when it was still on its earliest phase. For some reason they didn't have interest for bitcoin on the perfect moment, while those who had were benefited. And that is fine, because early enthusiasts took the risks and believed when nobody else did...

For those who still don't own any satoshis, it's better to recover the lost time and adopt bitcoin as soon as possible. Each new year it's going to be harder and harder to acquire bitcoins for affordable prices, especially when reaching closer to the halving.

[usekevin]

If one wants to see the true picture of cryptocurrency you will need to go back to study the Bitcoin history and chart, well I don't think with the currency system having the whole of 21 million Bitcoin into the hands of the rich is possible. Because Bitcoin is already halfway divided into different wallets some of which are currently inactive e.g Satoshi wallet and the rest of Bitcoin early adopters who bought Bitcoin when the price was relatively low. So no whale can have total control but as long as you hold a bit in your Bitcoin wallet you are part of the Bitcoin network.

The trader should read all the story before taking a movie. Movie without good story is like a unhit movie.So all traders should read about the bitcoin before the investment.Investigation before the investment is sounds good then the reverse process.The whale had a huge control over the years in the bitcoin.Bitcoin had a great influence on the economy now. So investment should made after the analysis on current market situation.

[jaberwock]

Not everyone will get 1BTC even today when a millionaire can still consider it cheap. There is always going to be someone who will sell though. A fraction of BTC is still BTC or there is always ETH or whichever altcoin is preferred. It's a free market where anyone can buy, I wouldn't be worrying about the millions of millionaires if they are not buying BTC, their $millions is not mine anyway.

Bitcoin is Bitcoin, buying it you can feel confident that everything will be fine with your coins. And at the expense of altcoins, these are always increased risks, what risks they are exposed to, I will not enumerate all of them well know. Well, if you look at history, altcoins almost always get cheaper relative to bitcoin, so the conclusions are obvious.

Yes, of course btc is btc. You pay for a btc to get a btc not altcoins or anything, that's a disrespect if a seller didn't obey the order of their customers but buying btc does not make you guarantee that you are now secured or you can now expect to earn a profit but it still depends on the ability of the person that owns a btc. Yes, altcoins dump harder once bitcoin dumps, that's only an evidence that there's more people that have a faith on bitcoin. Why would be scared when more millionaires buy a huge chunk of btc? But instead we should be happy for that because that makes the market pump.

@bittraffic yes, there always going to sell their btc's because it does not make sense holding btc forever. We should not worry about the supply or anything else.