Topic: Can bitcoin make someone the richest in the world? - page 10. (Read 2411 times)
Already it's obvious that cryptocurrency especially bitcoin is money irrespective the way we humans comprehend it, normally we have different kinds of richness, so it's base on the area of the person's concentration in business, because looking of bitcoin traders and miners some are millionaires through trading stuff, so from my perspective or views I seems like bitcoin is what will make humans being most richest person in the world based on the person strategies and focus via cryptocurrency transactions or business if its well planned.
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.
Richest man in the world?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 don't think Bitcoin could do it the current richest man have a $190 BN so how many Bitcoin would that person or how many crypto would that person needs to over take that spot.
Do you think that it would be enough and how about the market volatility it would affect their Net worth so I guess it would be hard.
With 55 bitcoin in his wallet he can be a millionaire, but to be the richest of the world require the same bitcoin in millions. Most users have mentioned the true fact of bitcoin, one can be rich through bitcoin but the same can't make him the richest. Maybe the people who are in the richest list can move their holdings to bitcoin. In such a way based on the price change one can be on the throne for some time period.
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 
, 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.
, 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.Those old days where early holders really changed their lives after the bull run wayback 2017. if you do able bought millions of bitcoin
back then and you able to sell it up maybe you can be one of those richest.
But now, with bitcoin current state, it's not possible since there are many players who can overbuy bitcoin and easily manipulate
the value, there are competitions with billionaires that will interfere for being the richest man in the whole world.
I keep wondering when we'll stop looking at bitcoin as some sort of investment scheme and use it for its main purpose. If we keep on this way instead of seeing it as a currency, I'm sure thing can go super badly. Cause when people start to feel that their 'Investment' is going wrong(volatility), they'll definitely pull back and to me, this can lead to a big crash of bitcoin (both as an investment and as a currency).
I agree with you but the reason that make people think this way is the huge profits that some bitcoin believers made Those people who bought hundreds of bitcoins when the price was cheap and hold them i think they are super lucky
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 , 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.
, 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. bitcoin can make people rich but you must know that not only is bitcoin capable of making us rich, if you have money then you can divide it for long-term investments, for example some 50% for bitcoin and the rest for companies that are needed by many people so it will make a lot of profit when the sales increase.
yes, bitcoin can be a source of you to be a rich man in the world but only bitcoin will not makes you to be a rich man in the world.
Winklevoss browsers may become the richest brothers in the world because they own a lof of btc and even own exchange
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.
This makes no sense. It is not like that person became the richest by holding fiat currency. He become rich by investing in probably different stocks or business. Its the same way he can become rich by investing in bitcoin. If someone keeps on investing in bitcoin, does not fall for stupid scams and keeps holding until his profit goals are reached, then yeah he will be able to make profit and become rich.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.
But don't think it is going to be really easy. If you make mistakes, you might become the poorest person in the world. So like all other investment, invest only what you can afford to lose.
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these thoughts are still mostly like fairy tale yes he can but now seems like it should be decent investment, you can not make millions out of nothing
If he can have 1k of bitcoin, and the bitcoin price can increase high more than $20k, then yes, he can become the richest person in his city or the world. But that is if he sells his bitcoin at a high price. If he doesn't sell his bitcoin at a high price, he will not become the richest person because he still holds bitcoin. We use fiat to buy something, and bitcoin can help us to have more money from holding it. If you can make more bitcoin and hold it for some time, you can become rich if you sell bitcoin at the highest price.
When a man own many bitcoins, of course he'll gonna be the richest man in the world in just a snap of fingers when huge price hike occurs , like that of the man who invested in fiat. I've found interesting fact about bitcoin millionares who owns millions of it, probably enjoying the fruit of profits by now because he got that bitcoins early years;
As per data from BitInfoCharts, there are currently 25,031 Bitcoin addresses with a balance of $1 million or above.
And we can't say if one person owned multiple btc addresses from that data but the fact that they are btc millionaires is an eye opener that btc can definitely make you rich or even the richest.
As per data from BitInfoCharts, there are currently 25,031 Bitcoin addresses with a balance of $1 million or above.
And we can't say if one person owned multiple btc addresses from that data but the fact that they are btc millionaires is an eye opener that btc can definitely make you rich or even the richest.
these thoughts are still mostly like fairy tale yes he can but now seems like it should be decent investment, you can not make millions out of nothing
It is not about bitcoin to let holders be the richest in the world, it is about bitcoin appreciating in value and making holders getting richer, what fiat can not do. Fiats and bitcoin are not comparable, fiat can devalue and devalue without appreciating while bitcoin may devalue but appreciate or increase more than it decrease over time. If some of the richests in the world now deal with bitcoin, especially those from Africa and from countries where their fiat devalue more than normal, their worth will be more than today.
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.
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.
Yes,Bitcoin can make someone the richest man in the world,but why should we care about this?
Bitcoin is supposed to make the community of Bitcoin users and investors rich,not just a single man.
I don't think that someone is going to dethrone Jeff Bezos from his top 1 position.
Satoshi Nakamoto(if he is still alive) has the biggest chance to become the richest man in the world,but the BTC price will have to reach at least 200K USD,which is highly unlikely to happen.
Bitcoin is money, and deflationary money, while fiat is money too but inflationary (depreciating), bitcoin can appreciate the value of someone's wealth, while fiat can devalue it. But know that not fiat makes those people the richest, if not for their assests and businesses they have, they will not be rich like that, and money is just a means of exchange which bitcoin can do if gone mainstream like fiats.
Certainly, those who bought Bitcoin at ATH in 2017 will disagree with you vehemently. It's true that Bitcoin may make a few lucky ones easily rich, it's the same way it has wrecked a lot of people. We should always remember that Bitcoin and the entire crypto industry is as unstable as running waters.A few years ago, the dude who held the highest share of Ripple rose astronomically to wealth when XRP got to $3+ ATH. Therefore, it's the same way those who hodl various tokens expect to hit it big once the tokens they hodl rise in value. If we do a little calculation around the rumoured 1,000,000 Bitcoin Satoshi Nakamoto hodls multiplied by the current price of $18,000+, that should give us an idea of the reality in affirmation to the title of this thread.
Yes, Bitcoin can!
One can indeed become rich from bitcoin by taking profits from trading and investing in bitcoin. The principle of investing or trading is to buy cheap and sell at a high price.
But in reality, applying this principle would be difficult if someone was new to the world of bitcoin. Therefore, it is necessary to do research first.
Crypto currencies offer unique investment opportunities, but that doesn’t mean a person can be free of all their risks. I think all businesses have risks, and in bitcoin.
So if you want to get rich from investing in bitcoin it could be, even being the richest person from investing in bitcoin, it’s also possible.
Multiply your knowledge of bitcoin and understand all the risks until you will invest or trade Bitcoin.
Never invest or trade without the basis of knowledge and just follow others, and want to be rich instantly.
But in reality, applying this principle would be difficult if someone was new to the world of bitcoin. Therefore, it is necessary to do research first.
Crypto currencies offer unique investment opportunities, but that doesn’t mean a person can be free of all their risks. I think all businesses have risks, and in bitcoin.
So if you want to get rich from investing in bitcoin it could be, even being the richest person from investing in bitcoin, it’s also possible.
Multiply your knowledge of bitcoin and understand all the risks until you will invest or trade Bitcoin.
Never invest or trade without the basis of knowledge and just follow others, and want to be rich instantly.
Bitcoin is a virtual money which has high demand for its limited supply. If you hold it now, it may increase later and you will be benefited for this. By this way, if you hold a huge percentage of total supply then you may considered as a richest person in the world very soon. The demand is getting high nowadays.
No, Bitcoin cannot make you the richest man in the world. It could make you rich but not the richest, however, we all know the risk of investing in Bitcoin, anything can go side-ways. Knowledge, patience, creative idea, and hard work can make you rich.
The richest man in the world had worked hard and wise to reach the pinnacle, if Bitcoin can make anyone the richest person, everyone who had invested in it should've been rich by now.
The richest man in the world had worked hard and wise to reach the pinnacle, if Bitcoin can make anyone the richest person, everyone who had invested in it should've been rich by now.
No, not everyone can get rich of Bitcoin it is new to the world and has a value but you can't differentiate a common business man and BTC. The core system of BTC is transacting payment without third party involvement, it's not a investment scheme.
Who knows many might be holding BTC more than Satoshi, stuff happens in the modern world. But trust me it gives opportunity for sure.
Who knows many might be holding BTC more than Satoshi, stuff happens in the modern world. But trust me it gives opportunity for sure.
This is totally possible, and more if we think about the million of bitcoins that satoshi is holding... Isn't hard for him to become the richest man in the world if the Bitcoin price goes up to $100,000 dollars. I know $100k sounds as a fantasy, but is possible if bitcoin gets a huge market cap like Apple's market.
But the sad part of this is it only applies to Satoshi Nakamoto, and only for him because he is the only one holding 1 million Bitcoins.
Right now we're far in terms of marketcap compared to lot many large companies. Satoshi is the only person who has got the opportunity to be the richest of the world through bitcoin. On the other side Satoshi is not gonna reveal it, and this isn't gonna happen. He believes revealing himself to the community could affect the market.But the sad part of this is it only applies to Satoshi Nakamoto, and only for him because he is the only one holding 1 million Bitcoins.
We also need to think of the large scale price fluctuation which easily makes a person to the top and could get him back to the bottom list in no time. This too is stated as a reason why large scale corporate networks avoid holding their reserve in terms of bitcoin.
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