Kasabus
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March 18, 2022, 07:47:25 AM |
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Bitcoin was never created to solve the wealth gap. A rich person will always get richer if he/she does well, and a low/middle class person will always stay in their place if they don't outperform others.
And yes — if it's the case that every millionaire finds out the importance of bitcoin then all of them will have a good amount. Now, it's your job to be smarter and get in before them if you actually think that bitcoin could be bigger in the future.
Rich people will be more richer because they always see the value of bitcoin and find themselves investing more in bitcoin and eventually hold them after. However, for middle or poor class, if they stick to invest on what's more affordable for them, then they will always miss the chance to invest in bitcoin. And that simply means that their financial status will always be low and never grow, unlike investing in bitcoin though its high risk and expensive but its rewards is definitely worth it to make you rich.
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Cryptmuster
Legendary
Offline
Activity: 2128
Merit: 1363
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March 18, 2022, 09:25:20 AM |
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Rich people will be more richer because they always see the value of bitcoin and find themselves investing more in bitcoin and eventually hold them after. However, for middle or poor class, if they stick to invest on what's more affordable for them, then they will always miss the chance to invest in bitcoin. And that simply means that their financial status will always be low and never grow, unlike investing in bitcoin though its high risk and expensive but its rewards is definitely worth it to make you rich.
There is a lot of talk about bitcoin going down in value, that it will be worth nothing, and this is confusing a lot of people. But I want to say that such conversations have always existed, at all stages of the development of bitcoin, for many years it was called a bubble that will burst, but as we can see, this does not happen. Now it is difficult for many to invest in bitcoin because of its high cost, but as they say, - if there is a desire, there will always be opportunities.
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Questat
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March 18, 2022, 09:58:09 AM |
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snipped~
There is a lot of talk about bitcoin going down in value, that it will be worth nothing, and this is confusing a lot of people. But I want to say that such conversations have always existed, at all stages of the development of bitcoin, for many years it was called a bubble that will burst, but as we can see, this does not happen. Now it is difficult for many to invest in bitcoin because of its high cost, but as they say, - if there is a desire, there will always be opportunities. Yeah, you're right. Those who want to invest whether the price is high or cheap will still take the risk. Why? that was because they know that Bitcoin has a better future and investing this gains a profit. The advantage that these rich people is because they have enough money to invest, they are not worried if they lose unlike the poor people and even from the middle class. It is now that people know more about Bitcoin, proving that was really profiting, they're now seeking a chance. And nobody had ever thought that Bitcoin will burst, not anymore this time.
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kamilah147
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March 18, 2022, 02:51:01 PM |
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Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
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redsun114
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March 18, 2022, 08:26:50 PM |
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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 .
It is not just about "prefer", it is about not needing it. There are so many people here who want to invest 100 dollars and make 100x in a week because that is all they can afford. They can't just put all the money they have into crypto and wait for years, because they are poor and the money they have is not enough to really matter at all. I do not have enough money to invest that could even do 2x and make me "retire", let alone be rich. So, these people are looking for short term quick gains because they have to. I don't do it, but I understand them. Rich people on the other hand can do whatever they want because they are rich, and that is what being rich can help you with.
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Tellek Garing
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March 18, 2022, 09:23:05 PM |
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Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
The bigger your holding the bigger your profits you are right with your statement one needs to know when to take the profits and walk away because not everyone has the appetite to hold for infinity so just get on board and cash the ride. Not only the rich can take advantage of the volatility of the Bitcoin market anyone can also take part in the profit-making mechanism presented by Bitcoin.
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Yamifoud
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March 18, 2022, 09:37:21 PM |
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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.
Rich people will actually be getting richer because they are more strategically knowledgeable when it comes to investing and they have the money to fund which they don't need for them to buy and sell but they just hold until the moment they want to sell it. Do you think OP that because of that 80% of Bitcoiners are holders this will lessen the demand? No, but instead seeing the price of Bitcoin will still be growing. https://nypost.com/2022/02/05/how-cryptocurrency-made-these-four-ordinary-people-rich/ Well, this is quite believing that there is still a way for the poor and middle class to become rich.
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stomachgrowls
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March 18, 2022, 10:35:31 PM |
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Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
The bigger your holding the bigger your profits you are right with your statement one needs to know when to take the profits and walk away because not everyone has the appetite to hold for infinity so just get on board and cash the ride. Not only the rich can take advantage of the volatility of the Bitcoin market anyone can also take part in the profit-making mechanism presented by Bitcoin. Everyone could really able to ride with the volatility, it is really just different when it comes to level of capital and possible profits that could be gained since we know that there are people who do really hold even more which is indeed reality and thats why lets just accept this fact but of course there would really be risks accompanied with it. Just dont anticipate that there would be huge returns but it isnt really bad to have lots of other coins aside from bitcoin.
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ultrloa
Legendary
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Activity: 2940
Merit: 1272
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March 18, 2022, 10:40:51 PM |
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Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
The bigger your holding the bigger your profits you are right with your statement one needs to know when to take the profits and walk away because not everyone has the appetite to hold for infinity so just get on board and cash the ride. Not only the rich can take advantage of the volatility of the Bitcoin market anyone can also take part in the profit-making mechanism presented by Bitcoin. Everyone could really able to ride with the volatility, it is really just different when it comes to level of capital and possible profits that could be gained since we know that there are people who do really hold even more which is indeed reality and thats why lets just accept this fact but of course there would really be risks accompanied with it. Just dont anticipate that there would be huge returns but it isnt really bad to have lots of other coins aside from bitcoin. Also with experience since capital will not guarantee anything especially the one who have it doesn't have any experience on how to trade or handle their investment since if they just there because they got FOMO then theirs a chance that they have the same fate with other people who panic and lose their money for small movements. But since bitcoin is strong currency its given already that this is good to hold since as historical data said we can see the price pump and it may also happen in future.
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GreatArkansas
Legendary
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Activity: 2506
Merit: 1394
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March 19, 2022, 01:40:08 AM |
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Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
Still not guaranteed here. There are some rich that know how the market works or in short, they have different mindset especially most of them are businessman for sure, who already lot of experience how to generate more money. Additionally is there are some rich who already don't expect too much on Bitcoin or they are not considering Bitcoin as a good investment which for me doesn't matter as it is their own opinion.
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KaliLinux
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March 19, 2022, 09:22:53 AM |
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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.
In real terms, this scenario can no longer happen because we know that there are investors and Institutions that already own thousands of Bitcoin to themselves and that was even if access to some of the already mined Bitcoin was not lost. 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
This is mostly the case because the Rich already have the liquidity to Invest in Bitcoin so for those that are Bitcoin savvy, they will even acquire more as time goes on and will continue to have the upper hand, and how do you think someone in the lower/middle class can come up with a Bitcoin Investment to put them amongst the Rich?
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bitzizzix
Sr. Member
Online
Activity: 2576
Merit: 451
Enjoy 500% bonus + 70 FS
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March 19, 2022, 10:04:30 AM |
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Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
Still not guaranteed here. There are some rich that know how the market works or in short, they have different mindset especially most of them are businessman for sure, who already lot of experience how to generate more money. Additionally is there are some rich who already don't expect too much on Bitcoin or they are not considering Bitcoin as a good investment which for me doesn't matter as it is their own opinion. Yes, I think bitcoin is still believed in the future will provide wild and impossible returns for large holders that most of the entrepreneurs or rich people have no analysis or prediction of bitcoin's future growth. and it may also be that some of them are not strong enough to last long, perhaps due to boredom and impatience, eventually quitting because their trust or doubt is diminished by news or other influences. and there are also quite satisfied with the benefits obtained, and there are many other reasons and we can only speculate.
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Ryker1
Sr. Member
Offline
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
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March 19, 2022, 12:29:24 PM |
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Bitcoin was never created to solve the wealth gap. A rich person will always get richer if he/she does well, and a low/middle class person will always stay in their place if they don't outperform others.
And yes — if it's the case that every millionaire finds out the importance of bitcoin then all of them will have a good amount. Now, it's your job to be smarter and get in before them if you actually think that bitcoin could be bigger in the future.
Rich people will be more richer because they always see the value of bitcoin and find themselves investing more in bitcoin and eventually hold them after. However, for middle or poor class, if they stick to invest on what's more affordable for them, then they will always miss the chance to invest in bitcoin. And that simply means that their financial status will always be low and never grow, unlike investing in bitcoin though its high risk and expensive but its rewards is definitely worth it to make you rich. Well this is the most common problem here when you belong to the [middle class] people that only can afford to invest in a short period of time and then when it needs badly financial support it could be the asset becomes easy to pull out. Not unlike rich people always can afford to spare a big amount as an investment and are willing to forget without thinking of pullout out because they had a lot of money. It seems you are right, the rich will become richer when they invest in bitcoin, time will come bitcoin supply will become lesser while the demand are widely accepted by most countries.
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Zanab247
Full Member
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Catalog Websites
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March 19, 2022, 01:23:11 PM |
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Bitcoin was created to eliminate errors from world economy and also make people richer in the community. People think that bitcoin was created to make people rich only, but those that invested on bitcoin wisely will have something great to achieve in the future. The future is bright for bitcoin holders to start making profits from their long term investment because the price of bitcoin just hit $41k few minutes ago in the market
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wozzek23
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March 21, 2022, 09:25:24 PM |
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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.
There are also some millionaires who wouldn’t be interested in it and would rather prefer to be making their investment in other type of assets. But even all the millionaires like you have said decides that they want to invest in Bitcoin and maybe they want to buy 1 Bitcoin each – what you have to know is that there is no possibility for all of them to buy one Bitcoin each since the market is filled with so many other People and as each continues to buy the more that the value increases, and they might to even pay up to a million for a Bitcoin or even more as it continues to increase due to demand. Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
Yes, that is why early adopters of Bitcoin were able to make lots of money because they were able to get on early and hold for a long time and it favored them. It is also going to be the same with people who would get on now, I can imagine where the price would be in the next decade ,it is going to be really huge. The same way that the price has increased to this current price level right now is the same way that it is also going to be very high in the next decade. With more investment coming in, the price would be increasing more and to match the demand that will be coming in the market.
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S A KHAIR
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1xBit recovered their reputation
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March 21, 2022, 09:33:58 PM |
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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.
There are also some millionaires who wouldn’t be interested in it and would rather prefer to be making their investment in other type of assets. But even all the millionaires like you have said decides that they want to invest in Bitcoin and maybe they want to buy 1 Bitcoin each – what you have to know is that there is no possibility for all of them to buy one Bitcoin each since the market is filled with so many other People and as each continues to buy the more that the value increases, and they might to even pay up to a million for a Bitcoin or even more as it continues to increase due to demand. Yes, there was a time when many people were not interested in Bitcoin. But believe me, now you will not find out a single individual who is not interested in bitcoin. yes, till now they keep taking against bitcoin, do you know why? cause they missed out to buy it at a low price. Though many people are against bitcoin but, trust me, they also secretly keep track of the market price of Bitcoin and feel jealous.
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mbent
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March 24, 2022, 02:43:38 AM |
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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
------------------------------------------------------------ French Translation: Avec plus de 50 millions de millionaires a travers le monde pour seulement 21 million de bitcoins en circulation; la question est "qu'arrivera t-il quand chaque millionaire decides de posseder un bitcoin"? La moitie de la population des millionaire est age de 25 ans et est capable de posseder tous les 21 millions de btc. Des lors, les riches ont plus de chance de devenir plus riche et non les pauvres et la class moyenne. N'est t-il pas quelque chose d'injuste? Je finis par croire, 80% de bitcoin sont deja confisques par les riches pour une tres longue duree. Please help French Translater MR Bent: Bitcoin wallet: 37YTEePnqAm23JA8uDos6DZ6mme3CDrs5z Thanks!
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Joyawan13
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elysian.finance
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March 24, 2022, 03:59:17 PM |
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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.
There are also some millionaires who wouldn’t be interested in it and would rather prefer to be making their investment in other type of assets. But even all the millionaires like you have said decides that they want to invest in Bitcoin and maybe they want to buy 1 Bitcoin each – what you have to know is that there is no possibility for all of them to buy one Bitcoin each since the market is filled with so many other People and as each continues to buy the more that the value increases, and they might to even pay up to a million for a Bitcoin or even more as it continues to increase due to demand. Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.
Yes, that is why early adopters of Bitcoin were able to make lots of money because they were able to get on early and hold for a long time and it favored them. It is also going to be the same with people who would get on now, I can imagine where the price would be in the next decade ,it is going to be really huge. The same way that the price has increased to this current price level right now is the same way that it is also going to be very high in the next decade. With more investment coming in, the price would be increasing more and to match the demand that will be coming in the market. and not only early adopters of course who can benefit from bitcoin, even today for example we want to buy bitcoin for us to save and we invest our money in it for a long period of time, of course we can also get bigger profits too of course, with so many requests, of course bitcoin can increase its price to a higher price than the current price. because in my opinion with so many people who know and know bitcoin, of course there will be many people who want to buy and store it, and that will make bitcoin the price is increasing.
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syedakhlaque
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March 24, 2022, 05:44:19 PM |
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Bitcoin provides its trustee a good chance to be rich. It is a fact that huge future bitcoin holder earns well. In the past, at the beginning of or at the start of bitcoin everyone knows what was its price at the initial stage. And the businessman who trusted and hold it for the future. They earn very handsome money in the cryptocurrency business. Today, The persons who have good planning, study, strategy, investment, and hardworking are earning well from this business.
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Cryptomiles1
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March 25, 2022, 07:51:22 AM Last edit: March 25, 2022, 08:08:45 AM by Cryptomiles1 |
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This is one major problems we have face about Bitcoin but to skip it is to buy now, maybe with the little you can afford. In the near future there will be no chance to acquire Bitcoin in enough volume which may definitely lead to increase in price and in Demand.
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