Some rich person not interest about bitcoin for following reason

[Fara Chan]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

I will still buy Bitcoin even if two people have more Bitcoin in their wallets, because I will not really care about the amount of Bitcoin that other people have because I also have to have my own assets when I like Bitcoin like other people who also believe in Bitcoin. And people who have studied Bitcoin, but are still hesitant to buy it because there are two people who have more Bitcoin are people who still feel hesitant to make a wiser attitude for themselves.

[Ale88]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Everybody is entitled to his own opinion, personally I simply disagree with your friend: even if someone like CZ or Saylor would sell his bitcoins, first of all they would do it OTC because otherwise they would dump the price, so they would get less money, but let's say they make an announcement about their sale because they want to dump the market, what difference can they make? They can dump the price for a little while but people will continue to buy anyway so the price will recover. Bitcoin lost relatively little value after FTX's bankrupt, and we're talking about a whole exchange, not a single person like CZ or Saylor. Your friend probably didn't learn enough about bitcoin.

[cryptoWODL]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Someone who does not have enough knowledge about Bitcoin or who has not yet learned anything about Bitcoin will not want to invest in Bitcoin.Many people have already changed their lives by investing in bitcoins like mine did.
I bought $700 to $800 worth of bitcoin when the price of bitcoin was $25,000.I did the most important thing of my life with all the profits I got from this investment.I'm still buying bitcoins to invest for the long term.I have another dream that I want to fulfill with the money to invest in Bitcoin.I think there is no fear or era in investing in Bitcoin because even if the price of Bitcoin falls, it recovers quickly.Compared to other coins, Bitcoin is the most interesting and safe investment for me.

[adultcrypto]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

He might be correct that the population of people using Bitcoin is still very small compared to the world's population but his tone is that od downplaying Bitcoin and that he is wrong. Bitcoin is relatively new so it will be wrong for people to expect that the whole world would have been using Bitcoin already. Bitcoin is even growing faster than projected.

Actually, a lot of rich people might not go with Bitcoin at least until they see how well it can help their business and not just because they want to make money off it. In other words, they will become interested in Bitcoin when they start seeing how it can help their businesses because those guys are rich through businesses and organizations they already established. The rish people that will be so much interested in Bitcoin are those who have been able to see Bitcoin as a means of making more money.

[OgNasty]

If he is already rich enough, he may not need bitcoin, although I find your argument too simplistic and I would like to know your friend's level of 'rich'. Do you know approximately how much wealth he has?

Anyway, it is a bad idea to try to change people's minds on financial matters.

I disagree with your line of thinking. I think rich people may need Bitcoin the most, as it is an incredible store of value and when shit hits the fan rich people could end up with nothing like everyone else. Bitcoin is most valuable as an insurance policy, so it is arguably more important for rich people who want to maintain their living conditions than for “poor” people who may have more immediate concerns than investing for future wealth.

[michellee]

It's okay if your friends are not interested in buying Bitcoin. Precisely because they are not interested, you have to buy Bitcoin so that when you can make a profit from Bitcoin, you can show it to them. They do have more reasons not to buy Bitcoin. We also don't need to be curious about the reasons.

Just leave those who are still not interested in buying Bitcoin even though they have studied Bitcoin. They will only remain spectators while you can definitely change your life for the better. They will come to you to ask to be taught how to buy Bitcoin.

We have all probably experienced things like that where people around us are still not interested in Bitcoin. That's okay. They don't need to buy Bitcoin because whether they own Bitcoin or not is a choice. And they have shown their choice.

[Aanuoluwatofunmi]

A friend of mine is not interested in buying Bitcoin even after learning about it.

Am sure he's yet to learn indeed, if he learnt about bitcoin he would have understand the reason why he should go for it, but instead, he knows nothing and refused to learn anything about bitcoin.

Because according to him Bitcoin is a small number of people who have a lot of Bitcoin.

Someone who knows about bitcoin and what he's also doing will not day this, don't be misled by what others says or feels about bitcoin, make your own research.

They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

The only difference between you and these people is nothing than the rate you both have in bitcoin, don't believe wether this people have bitcoin or not, neither do they manipulates the market, face your own and become more great and better than them one day.

[Amphenomenon]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin.

All I can do is laugh, this must be among the dumbest reasons for not investing in bitcoin anyway is good I guess you will be planning to or have already invested in bitcoin, let your friend see reason to regret  his/her dumb claim. Here is a picture I got online that will fit your friend's reaction laer:

[Shamm]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

In short your friend not interested in Bitcoin even though he is a rich man but still you can't convince him buy Bitcoins and we don't know what are the true reason. Maybe he scared because we are all know that Bitcoin's price is volatile and no one can predict when is the right  time and the price will rise up. Or maybe your friend is  didn't trust Bitcoin even though he have already knowledge about it.
But in reality there are some rich man still invested in Bitcoin cause they will know thier money will make a good profit.

[LesterD]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

In short your friend not interested in Bitcoin even though he is a rich man but still you can't convince him buy Bitcoins and we don't know what are the true reason. Maybe he scared because we are all know that Bitcoin's price is volatile and no one can predict when is the right  time and the price will rise up. Or maybe your friend is  didn't trust Bitcoin even though he have already knowledge about it.
But in reality there are some rich man still invested in Bitcoin cause they will know thier money will make a good profit.

Volatility may be the main reason or probably he already has a business. It could be the reason because most businessman pursues their investment if they evaluate a certain business with a guaranteed return. They only make an investment with less risk than investing in Bitcoin.

[demonica]

Well we can conclude that not everyone will be interested in Bitcoin no matter how much we try to explain it to them. Also, people will always have different opinion regarding Bitcoin. If he's rich enough, then there's no need for him to explore crypto especially if he's not interested since he's already earning a lot of money on the field he's on. And Bitcoin isn't something you can just understand within a short period of time without learning and exploring it. It's an investment. Maybe he doesn't want to exert much effort or maybe he has no time to learn about Bitcoin. So if I know someone who's not interested in Bitcoin even after explaining it to him, then I'll let him be. It's hard to persuade someone who's shows no interest in the first place.

[bayu7adi]

In short your friend not interested in Bitcoin even though he is a rich man but still you can't convince him buy Bitcoins and we don't know what are the true reason. Maybe he scared because we are all know that Bitcoin's price is volatile and no one can predict when is the right  time and the price will rise up. Or maybe your friend is  didn't trust Bitcoin even though he have already knowledge about it.

Perhaps the difference in risk profiles is why he doesn't want to dive into the volatile market. He already has significant wealth (according to him) and doesn't want to risk too much of what he's achieved. Personally, I won't be influenced by his decision to not be interested in Bitcoin. There's no need to convince him about Bitcoin either, as he has already studied it. Unless he asks something, your answers might be something for him to consider.

But in reality there are some rich man still invested in Bitcoin cause they will know thier money will make a good profit.

That's their belief, and don't use their belief as a tool to gain attention from newcomers. Bitcoin hasn't promised any profits, but it does provide evidence that profits exist. Instead of attracting attention with promises of gains, it's better to see them regretting not taking advantage of the Bitcoin market. In doing so, newcomers will understand who is wrong and who is right.

[SAHASAN]

Thank you so much Sir. I hope your comments will be very useful.

Do you have any answer to the question I asked you earlier?

Do you know approximately how much wealth he has?

If you could tell us in your words, how rich he is.

He has tea garden and real estate business owner of an industry

[Zanab247]

I don't think your friend have the knowledge of BTC because, there is no way you will know BTC and you will not show interest to know how it work to help people to make a good profits. Before he started his real estate business, I believe he tested it with small money that made him to were he is today, to have other investments that is bringing him profits that is making him to feel big man life in the environment, which BTC investment will even make him feel more comfortable through out his old age.

He is not the richest man in his State, I believe he can invest in BTC when the price is low to test the investment, if it can make him the richest man in his State or country because, there are many crypto investors that turned to wealthy men and women in their society through the help of crypto investment.

[Xcode7]

I don't think your friend have the knowledge of BTC because, there is no way you will know BTC and you will not show interest to know how it work to help people to make a good profits. Before he started his real estate business, I believe he tested it with small money that made him to were he is today, to have other investments that is bringing him profits that is making him to feel big man life in the environment, which BTC investment will even make him feel more comfortable through out his old age.

With such a high level of risk, I think it is only natural that some people are not interested, because maybe they are not ready to face the high risk, even though everyone is aware that the possibility of profit is also quite large, especially rich people who already have a business that is still in business. take advantage.
I think that's normal and not everyone has the same thoughts as us.

He is not the richest man in his State, I believe he can invest in BTC when the price is low to test the investment, if it can make him the richest man in his State or country because, there are many crypto investors that turned to wealthy men and women in their society through the help of crypto investment.

I also know who I think is one of the richest people in my country. He has a business that covers many sectors and is quite successful thanks to an inheritance from his parents, but he has firmly said that he is not willing to invest in Bitcoin even though he has studied it for a long time. a long time with evidence of success that has been seen from other people, but it all comes back to oneself and one's own goals.
For us here, perhaps no one doubts the benefits that will be obtained in the future by investing in Bitcoin, but that does not apply to everyone out there.

[fuguebtc]

I don't think your friend have the knowledge of BTC because, there is no way you will know BTC and you will not show interest to know how it work to help people to make a good profits. Before he started his real estate business, I believe he tested it with small money that made him to were he is today, to have other investments that is bringing him profits that is making him to feel big man life in the environment, which BTC investment will even make him feel more comfortable through out his old age.

He is not the richest man in his State, I believe he can invest in BTC when the price is low to test the investment, if it can make him the richest man in his State or country because, there are many crypto investors that turned to wealthy men and women in their society through the help of crypto investment.

Everyone likes money and high profits, but not everyone accepts risks and likes strong fluctuations like roller coasters. Furthermore, if they have achieved their goals, if they have the life they expect, there is no reason for them to continue taking risks to put more pressure on them. Not everyone has endless greed, many people set a goal and achieve it, they will be satisfied with it instead of continuing to be greedy.

I also have a few friends who know I'm well off thanks to bitcoin but they've never been interested in it because they don't like its volatility. Furthermore, if in the near future investing in bitcoin brings me significant profits, enough for me to do other businesses, I will gradually limit my investment in bitcoin as much as I do now.

Everyone's thinking is different, people with money need security before thinking about making money, unlike many people with little capital who want to become rich quickly despite the risks.

[btc78]

If he is already rich enough, he may not need bitcoin, although I find your argument too simplistic and I would like to know your friend's level of 'rich'. Do you know approximately how much wealth he has?

Anyway, it is a bad idea to try to change people's minds on financial matters.

I so disagree with the op .  I have a friend he is a retired banker.  He is wealthy and he is 77.

He has well over 20 million usd. We mine in his office just for fun.

So if a 77 year old worth over 20 million usd is willing to mine and we are still trying a good property to turn into a mine the answer is wealthy people do have an interest.

i see that the rich people are the ones who often find more ways to become richer since they’ve already grown accustomed to a certain lifestyle it’s now important to go beyond that

maybe they’re just not interested because they do not understand the fundamentals of bitcoin or how it works and what purposes does it serve it’s not only a form of investment but also a form of peer-to-peer transaction they’re rich enough to not put in the effort of learning about bitcoin

[Woodie]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.

Bitcoin has been in existence close to 15years now, and we haven't experienced this easy downfall your buddy talks of.. besides when it comes to managing decentralized assets, the strength comes from the numbers which helps neutralize the power/command that a small group of users might have!!

So if our buddy wants to help in diluting this power that is with the small group of users, then getting in on bitcoin now will make a big difference.
@SAHASAN nice user name btw 

[Tony116]

If he is already rich enough, he may not need bitcoin, although I find your argument too simplistic and I would like to know your friend's level of 'rich'. Do you know approximately how much wealth he has?

Anyway, it is a bad idea to try to change people's minds on financial matters.

I so disagree with the op .  I have a friend he is a retired banker.  He is wealthy and he is 77.

He has well over 20 million usd. We mine in his office just for fun.

So if a 77 year old worth over 20 million usd is willing to mine and we are still trying a good property to turn into a mine the answer is wealthy people do have an interest.

i see that the rich people are the ones who often find more ways to become richer since they’ve already grown accustomed to a certain lifestyle it’s now important to go beyond that

maybe they’re just not interested because they do not understand the fundamentals of bitcoin or how it works and what purposes does it serve it’s not only a form of investment but also a form of peer-to-peer transaction they’re rich enough to not put in the effort of learning about bitcoin

Even the richest person in the world, Elon, who owns hundreds of billions of dollars, also invested in bitcoin because he realized the potential of bitcoin and it could bring him more wealth. So if someone says they are rich enough and don't need more money, it's really rare and I haven't seen anyone like that.

People who give reasons for not investing in bitcoin may be because they lack understanding about bitcoin, do not trust bitcoin enough, and think it is gambling or a scam. But if they have enough knowledge about it, I believe they will regret not investing early like many people have made that mistake.

[kentrolla]

You friend is not the only person who has such mindset as there are still lot of people who are not interested into Bitcoin, especially those who have already earned enough so they cannot simply risk their investment as per them Bitcoin was supposed to be peer to peer transfer medium without any fear of being taxed or account being freezed and they are not okay with Bitcoin being used as a investment medium. But Bitcoin is both a P2P as well as investment and there is no point in forcing those who are not interested as it will only make them more irate and one they realise that they cannot skip Bitcoin when it become too mainstream they will eventually get in.