How many people should get rich and how much is rich?

[nikona]

I think the OP is a random assortment of words generated by a bot.

lool that one cracked me up real good..come to think of it it does sound like that.. anyways the definition of rich is changing just like the BTC price.

[1714941495]

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[jonald_fyookball]

Man! i want to be rich

everyone wants the good life but few get it

[ladyfox]

I think how much is rich depends on the place you r at... most places in Africa... Rich might be 10k$ where as in many places u can't even have a good life at that.

[Undermood]

If you want to business with bitcoin and get rich then great. Speculation get richery is passe.

If you just want to get rich easy then you need an alt. With its recent fall in price, litecoins looking pretty good to me.

why no buy bitcoin now? It has declined a lot recently! Bitcoin is the leading crypto and its price increases a lot as more ppl adopted it! And comparing to invest in altcoin, you have more chance to get rich! I don't mean litecoin is not a good coin!
Just invest it, relax and wait a few years time, you will find the difference! I don't advocate speculating them! As the normal ppl, we have not any winning strategy for frequent trading. We can win a lot in one trade, but can lose all of our money in one trade and get out of crypto world.

[CtrlAltBernanke420]

I think you all somewhat missed my point about the frictionless nature of bitcoin. Considering you can move wealth around from person 2 person so easily without all the hoops you need to jump through just to get a bank account, only to get questioned about the money in your account…

I am not specifically talking about how many people can get rich off holding bitcoin alone, for example microsoft could technically get rich and earn a lot of money from bitcoin without actually owning any bitcoins, simply by selling products, creating a micro-economy because money is able to flow so freely creating a nice network effect of wealth creation.

[kingcrypto]

you are rich when you don't care about the price of anything

[LordSonjai]

Anyways, how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich.

Bitcoin doesn't get people rich now. Very early adopters who mined thousands of bitcoin might be rich now. We have already passed that phase. Current Bitcoin users/adopters might profit from bitcoin in the future, we wouldn't be life-changing "rich".

that is subjective.

[Kprawn]

You should consider, what the definition of "rich" mean to different people. {In the 3rd world countries, people with a car or a house is seen as being rich... no matter if that person are in debt to have that car or house}

1. Man "A" has no debt and no car or house.
2. Man "B" has a car and a house, but he has a unpaid loan and a bond of say $2 000 000. 

Do you think Man "A" or Man "B" is rich?

The early adopters are in a much better place, if they still have those coins or the value after they sold it. {So yes.. they might be rich}

You can still get access to the NEW coins being released daily, so the "early adopter" coins should not exclude you from being rich.   

[LordSonjai]

You should consider, what the definition of "rich" mean to different people. {In the 3rd world countries, people with a car or a house is seen as being rich... no matter if that person are in debt to have that car or house}

1. Man "A" has no debt and no car or house.
2. Man "B" has a car and a house, but he has a unpaid loan and a bond of say $2 000 000. 

Do you think Man "A" or Man "B" is rich?

The early adopters are in a much better place, if they still have those coins or the value after they sold it. {So yes.. they might be rich}

You can still get access to the NEW coins being released daily, so the "early adopter" coins should not exclude you from being rich.   

what if man C has a house and car no debt?

[CtrlAltBernanke420]

You should consider, what the definition of "rich" mean to different people. {In the 3rd world countries, people with a car or a house is seen as being rich... no matter if that person are in debt to have that car or house}

1. Man "A" has no debt and no car or house.
2. Man "B" has a car and a house, but he has a unpaid loan and a bond of say $2 000 000. 

Do you think Man "A" or Man "B" is rich?

The early adopters are in a much better place, if they still have those coins or the value after they sold it. {So yes.. they might be rich}

You can still get access to the NEW coins being released daily, so the "early adopter" coins should not exclude you from being rich.   

I guess this is somewhat my point, its not about the wealth created on potential future value in less than 5 years from creation. Millions of people can start businesses and wealth can be created in that, but this takes time, part of it is new people coming to this space, getting involved with bitcoin, perhaps earning some money from the gains in bitcoin and use that to reinvest in a business that can and will make money. Its slow yet still a quick process but in a few years there will be a lot more coins in the hands of more people, not less people… Some people earn bitcoins and never put a dollar into it..

[bf4btc]

Is there no carrying capacity of bitcoin? Unlike that of a petri dish.


Anyways, how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich.

There is something about bitcoin that seems it could be a major economic driver with its frictionless abilities.


Does it matter if bitcoin's price is $1 $50 $100 $250 $300 $350, $1265, $2000, $5000?

How is that bankers have not been able to think of this… Perhaps they have but would dare go near it for it destroys their model, Why can't i simply send dollars or any arbitrary value measure, via any sort of technology medium that can also perhaps create a network, like effect..hmmm..

Anyone within bitcoin can get 'rich' but they will now need to earn it it is not going to just change 1 bitcoin into dreams coming true unfortunately. You will have to work your ass of creating and building a successful business or imo you stand little chance. 4 billion market cap makes a few rich but not as many as you woud think. Bankers have no need to change the system they have total control over,

[mlferro]

you are rich when you don't care about the price of anything

But there are many people who are not rich, and yet does not care about the price of anything.

[najzenmajsen]

Anyways, how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich.

Bitcoin doesn't get people rich now. Very early adopters who mined thousands of bitcoin might be rich now. We have already passed that phase. Current Bitcoin users/adopters might profit from bitcoin in the future, we wouldn't be life-changing "rich".

bitcoin could hit 10m usd / coin if world adopted it , and i'd consider that pretty damn rich my friend : )

[pawel7777]

bitcoin could hit 10m usd / coin if world adopted it , and i'd consider that pretty damn rich my friend : )

At such high level of adoption the BTC/USD rate would be rather irrelevant.

[AgentofCoin]

I think the OP is a random assortment of words generated by a bot.

I agree with this.
Runpaint calls it again!

[Bralex]

I think how much is rich depends on the place you r at... most places in Africa... Rich might be 10k$ where as in many places u can't even have a good life at that.

This is so true 10k in Africa could buy a shack type place and live for a few years if you have 100k which is 3-4 years of the middle wage in the UK, you would be just scraping by here but in another country you would have a life of luxury, my dream to make just enough to get out of dodge and into a country similar to Africa - Thailand to live out the rest of my days..

[marcus_of_augustus]

Is there no carrying capacity of bitcoin? Unlike that of a petri dish.

Anyways, how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich.

There is something about bitcoin that seems it could be a major economic driver with its frictionless abilities.

Does it matter if bitcoin's price is $1 $50 $100 $250 $300 $350, $1265, $2000, $5000?

How is that bankers have not been able to think of this… Perhaps they have but would dare go near it for it destroys their model, Why can't i simply send dollars or any arbitrary value measure, via any sort of technology medium that can also perhaps create a network, like effect..hmmm..

The first part of your musings are interesting. The carrying capacity of bitcoin is global M1, plus bonds, gold, silver, real estate, property and various other financialised assets that have been partially, sometimes excessively so, monetised by successive central bank pumped fiat monetary bubbles.

Frictionless, fungible, divisible, imperishable, verifiable, transportable bitcoin can be a major economic driver compared with current monetary offerings. It will continue to serve and benefit those who use it until something better comes along. The market naturally chooses the 'best' money and those who are using it ultimately benefit from that, be it swiss francs, US dollars, gold or british sterling. Noone wants to hold their savings in a devaluing money.

[nioc]

Rich?

I have more than the Kings of England could have imagined 100-200 years ago.  Fruit and vegetables out of season.  Go from London to Paris in a couple of hours.  Antibiotics.  Cell phone, with camera.

I have never missed a meal.

As Bob Marley said: Now that you got what you want, don't you want more.


And yet anytime I have spare fiat I buy cryptocurrencies.  Only because I believe it will enable me to continue not missing meals.

[TaunSew]

Home and property ownership was fairly high in the 1890s - if you were willing to relocate to the frontier.  Likewise after WW2, the GI housing bill and automobile ownership is what triggered the suburban housing revolution.

Today it is a lot harder to live in prior times.  In my area, a 3 bedroom home can start at $700,000 and people who graduated from law school or the engineering program wonder how they are supposed to get on the property ladder.

[TaunSew]

Rich?

I have more than the Kings of England could have imagined 100-200 years ago. 

Really?  Then I want to hangout with you.  Especially with your comparison to a monarch from 100 years ago.  I want to see your private steamer, mansions in multiple European countries, armies of servants, prized horses and hunting dogs and all the female courtiers you fool around with.