Can bitcoin make someone the richest in the world? - page 4.

Pamadar

legendary

Activity: 2982

Merit: 1028

Have you already possessed a huge amount of BTC or maybe you're a talented hacker? Then yes, you have all perspectives to become one of the richest men on the earth with a help of BTC. In all the other cases you are a little bit late (for at least on 10 years). Today's price is too high to invest huge amount of BTC for a ordinary person with average salary. It’s good if you have an opportunity to hodl even one BTC.

For now, only rich person can take that advantage to earn more.

Rich people are capable in playing with this investment, they can convert their assets to this investment and earn a lot. with how this market is working currently, and with those many institutional investors who also seeing the potential, becoming the richest person is achievable by means of Bitcoin only if all the people will also bring their investment to this market..

emmybd

full member

Activity: 1218

Merit: 112

These days, crypto is in the limelight and more and more people are preferring crypto more than traditional currencies to get rich quickly.
Now the question arises can we get rich by investing in crypto? Yes, one can get rich by investing in crypto, even if not the richest. But the interesting part is it fully depends on one's luck and correct analysis. One can be rich overnight. But he needs to do the proper analysis. He has to be aware every moment. One can't be rich overnight. He has to do a proper investment in proper crypto. Otherwise, he can also lose a lot of money too. Prices of crypto can go up anytime. At the same time, it can go down at any time. One has to be mentally prepared.

angrynerd88

sr. member

Activity: 910

Merit: 253

Hodlers Network

Numerically it has been demonstrated and conceivable that Bitcoin can make billionaires.If bitcoin cost goes on to six digits, perhaps there can be known or obscure people who can ended up billionaires, so hypothetically it's conceivable. But at that point once more, like all other speculation disobedient, you ought to truly know how to play and take advantage of the market to at slightest make a benefit here. Fair keep in mind though that bitcoin isn't the reply to destitution or instant arrangement to somebody to create a part of cash in brief sum of time.So patience,Planning, skills needed there.

milani

sr. member

Activity: 1092

Merit: 254

Quote from: Zanab247 on November 19, 2020, 02:34:04 PM

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.

First of all rich people not always are public and they do not always share to the whole World their thoughts or all sources of their wealthy. The richest person in Africa is not the onliest one, there is a list of them - some of them invested in diamonds, oil and retail, some of them are industrials or owners of conglomerates or companies that made them rich.
And the second important thing - everyone tryes his own possibilities and moves his own way in order to reach something, and it may be metal, gold or oil, or it may be cryptocurrencies, finances and so on. And some people may become rich because of lucky circumstances 😉🙂 like lots of people who invested in Bitcoin at the very start, they even did not imagine that may wake up some day millionaires))) So it depends on the person and on what is more suitable personally to him.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

Rich yes, but richest, I highly doubt it. There has to be a network of assets, business and enterprises that would allow anyone to even get the chance to be at the top 10 richest in the world. Bill Gates for example, is for certain not solely relying to his business at Microsoft to get the seat, he for sure has a lot of assets, businesses, and other more modesof income that gave the guy his rightful status.

TribalBob

sr. member

Activity: 1330

Merit: 257

DGbet.fun - Crypto Sportsbook

To become the richest in the world I don't think you can, but the richest in one area of residence could be, because. Having 10btc alone can live in luxury and more than enough, even if it is processed properly it can support the children and grandchildren later

Rehan Zakir

member

Activity: 812

Merit: 53

Yes! It is possible. I think a person who buys Bitcoin in cents . Now, He is the billioner. If we go back ten years, the price of bitcoin is nothing. But now the price of Bitcoin has gone up a lot. Bitcoin has changed the lifes of peoples.

xenodata

newbie

Activity: 20

Merit: 0

I'm not in love with Winklevoss brothers, but its nice to see recognizable people enter and stay in the space for years.

Gives me more confidence in their product which I guess they're going to be offering interest accounts soon. Not super sure how I feel about those, but if they can guarantee deposits (or at least have a good plan on how to), it seems like a good product.

3meek

hero member

Activity: 2576

Merit: 684

God, save BTC!

One might consider the example of the Winklevoss brothers... They once invested a large ($11M) amount in bitcoins! And now they are billionaires... And such a story is not the only one in the bitcoin era! Wink

natalia stark

member

Activity: 69

Merit: 10

it is true that bitcoin can make someone the richest man in the world but it is also a risk because the whole network is base on the internet and no one can trace the money back to you.
I can easily say it is worth the risk but do not invest everything in it unless you have nothing else. bitcoin can sustain your life for the time being like nowadays market is good. what if the bubble burst then what will you do if you need money?

it is safe but risky and life is all about taking big risks so....

velive08

full member

Activity: 815

Merit: 101

if someone is the richest person in the world it is impossible, because bitcoin is only limited to buying and selling without any development. but if you make the poor rich because bitcoin is there and real.
remember being the richest person is not as easy as having 1000 or 2000 bitcoins. You are required to always make innovations and developments according to the year like what Elon Musk did with his company's products. this is so amazing.

ninabobo

full member

Activity: 463

Merit: 100

Obviously yes they put resources into bitcoin and oversee it appropriately and now they are rich, a portion of the wealthy don't thoroughly have more bitcoin they put resources into one as well as in numerous speculation stages. As long you know to deal with your cash you will be wealthy in your own specific manner. Look Elon musk has a modest quantity of bitcoin however in the event that you see his probably the most extravagant individual.

bosede1

member

Activity: 714

Merit: 16

I don't know about the claim of becoming the richest in the world with Bitcoin but I know that Bitcoin can make you rich. To become the world richest you should know that your investment must worth your aim of becoming the richest.

saffira

full member

Activity: 700

Merit: 100

Almost all industries or businesses used fiat money. If they will use bitcoin, not all people will be their customers. Also, the volatility of bitcoin can affect businesses. Bitcoin also has limited supply, it may help us to become rich but not the richest man.

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: Ludmilla_rose1995 on February 08, 2021, 01:21:55 AM

Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.

Indeed, a new and risky field, that turned out to be a tough challenge and restrained many from being the richest through bitcoin, but most recently Tesla reported investing over a billion dollars in bitcoin, the big bosses have started to notice, the price of bitcoin has skyrocketed, although I cannot say anyone will be richest with bitcoin but I can say many people are getting rich with bitcoin, Bitcoin created more rich people. However, perhaps many people will not disclose their finances with bitcoin as this is still an area where governments want to control and establish taxes.

Alucard1

full member

Activity: 574

Merit: 125

Fiat currency is still dominant over bitcoin and it will never be changed even in the future because the government won't still accept cryptocurrency and besides some countries are looking for bitcoin to get lost but it will never happen.
Being rich with the help of bitcoin is quite possible, imagine if you bought bitcoin way back in 2017 and hold it until now then for sure you are now rich especially if you bought a big amount of bitcoin.

mano786

newbie

Activity: 240

Merit: 0

A rich man can invest in bitcoin yet to make somebody the most extravagant on the planet, it is conceivable however on the off chance that you'll make it like that, there are a lot of different competitors if that is the class. Making somebody rich through bitcoin is conceivable. Going with the plain class of making somebody rich through bitcoin.

MyCryptoDomains

jr. member

Activity: 63

Merit: 1

Maybe not bitcoin but cryptocurrency tech in general?

Pasnik

sr. member

Activity: 649

Merit: 250

Of course yes they invest in bitcoin and manage it properly and now they are rich,some of rich are not totally have more bitcoin they not only invest in one but in many investment platform.As long you know to manage your money you will be rich in your own way. Look elon musk he have a small of amount of bitcoin but if you see his one of richest people.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: Renampun on February 08, 2021, 04:12:01 AM

You could say Bitcoin is able to make someone the richest in the world but Bitcoin is still not recognized by the world government so it will be difficult to make claims. If we agree with Satoshi is the richest man because of his ownership of many Bitcoins then what about other crypto owners such as Vitalik, CZ, and Justin Sun.

You do not need a government to recognized to become a million when you book your profit. If you were lucky enough to invest in bitcoin during the initial years and then have the patience to hold the coin for a very long time, then you could become a millionaire and there are many that made millions in the cryptocurrency market and then are a exceptional few that made billions.

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