Pages:
Author

Topic: Can bitcoin make someone the richest in the world? - page 6. (Read 2415 times)

jr. member
Activity: 952
Merit: 2
There is a stark difference between the rich and the rich all over the world.  You can be rich if you want.  But you can't be rich all over the world if you want to.  It requires you to have extraordinary knowledge.  Many people are able to live a better life by using Bitcoin.  Many people have got the opportunity to live a better life by investing in Bitcoin.  But they will never be the richest in the world.  The richest people in the world do not invest in Bitcoin, but they do support Bitcoin.  And the proof of this is Bill Gates.

      "BITCOIN IS EXCITING BECAUSE IT SHOWS HOW CHEAP IT(FINANCIAL TRANSACTION) CAN BE. BITCOIN IS BETTER THAN CURRENCY IN THAT YOU DON'T HAVE TO BE PHYSICALLY IN THE SAME PLACE AND OF COURSE FOR LARGE TRANSACTIONS CURRENCY CAN GET PRETTY INCONVENIENT"
 
            -BILL GATES
   co-founder of microsoft
full member
Activity: 1442
Merit: 106
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 Africa and the world may not have made their fortunes through bitcoin but if you were to profile the bitcoin millionaires and the time frame taken amass the wealth and compare to the Richest men and the time it took them to get that same amount of wealth you will understand why time is of great importance to everyone and most importantly in business.
member
Activity: 518
Merit: 23
★Bitvest.io★ Play Plinko or Invest!
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.

Of course it would be possible. Bitcoin's versatility on how we can earn them is one of the best things about it. If that man can mine Bitcoin 24/7 with a proper mining equipment, that investment would return at a fast rate in which would yield greater profit. We can also work to gain Bitcoin and earning them now is easy but we need necessary knowledge to do that.
full member
Activity: 640
Merit: 104
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.

it is not easy to become the richest person in the world because we need a lot of money, if we have a lot of money we will definitely open a business or business in the real world first. to date I haven't seen the richest person in the world just investing in bitcoin.
full member
Activity: 2520
Merit: 204
There is no such thing mate because Bitcoin is a currency we have just misunderstand this and use wrongly,same reason why there are many negative approach on our precious coins as scammers have found this profitable for them also.

What i believe is Bitcoin can Help people become a millionaire by adopting the technology to their businesses and to Make the world easy living with the help of blockchain and cryptocurrencies.

I do believe is possible however it's gonna be hard because of the liquidity in the market. I also think that many of the richest people in the world already own a decent amount of coins, so they'll just become more and more rich. BTC already made lots of normal people millionaires and it'll keep making new and new ones more and more often in the near future when the price continues to go higher.
Wrong perception ,What OP is asking as like a regular Business that bitcoin can be comparable?the answer is a big NO.
full member
Activity: 840
Merit: 105
Buzz App - Spin wheel, farm rewards
In general, the richest person in the world is a businessman, but there are some of them who invest in bitcoin. the richest people in the world must be working hard at jobs in the real world because they get the real results.
In my opinion, we will not be the richest people in the world if we only invest in bitcoin.
full member
Activity: 560
Merit: 112
I do believe is possible however it's gonna be hard because of the liquidity in the market. I also think that many of the richest people in the world already own a decent amount of coins, so they'll just become more and more rich. BTC already made lots of normal people millionaires and it'll keep making new and new ones more and more often in the near future when the price continues to go higher.
legendary
Activity: 3766
Merit: 1217
As per Forbes, Jeff Bezos is the richest person in the world, with a wealth measured at more than $180 billion. Now the question is, can someone own Bitcoin worth that much amount. Since the Bitcoin market cap is $350 billion , theoretically that is possible. However I am not sure that there is enough liquidity in the market to maintain the prices even after selling all or a part of these coins.
member
Activity: 200
Merit: 73
Work is turning your idea into things.
Defice rich? Venezuela has the largest reserves in the world but it is not in the best economic conditions and without clearly highlighting the other high demand natural resources such as Cortan. Suppose that if in the future Bitcoin is in the highest valuation you could see that the one who managed to accumulate a large amount of btc will have a large amount of purchasing power compared to others.
jr. member
Activity: 151
Merit: 2
Already it is apparent that cryptocurrency, particularly bitcoin, is cash irrespective of the way in which we people realize it. Usually, we've different sorts of richness, so it is base on the realm of the individual's focus in the enterprise. As a result of trying of bitcoin merchants and miners, some are millionaires by buying and selling stuff, so from my perspective or views, I look like bitcoin is what's going to make people being richest individual on the planet based mostly on the individual methods and focus through cryptocurrency transactions or enterprise if it is properly deliberate.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
Even the Bitcoin millionaire Satoshi Nakamoto is not at the top of the richest peoples list. Also if you only have a limited amount of coins and you are not really "earning" so to speak then you are at the mercy of the market. Your one million can be worth billions or cents. So I think there would be no real crypto wealthy because they will diversify their money to other businesses and technologies and that will make them more wealthy. Bitcoin and a combination of assets and investments will make you wealthy at the top.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
Fiat has more leverage to be honest, there are more institutions that are more inclined to do business with fiat money and I think that leverage is a big problem for someone who wants to get rich via crypto currency. It is still possible although you will be facing a lot and the biggest one is volatility, like the bitcoin market volatility, your place as the richest in the world will also be volatile as your asset changes in prices every second. The other problem is that you will be a big sitting duck for financial institutions to criticize your assets and your business model, they also are lobbying with government officials which makes it harder for you as laws can bind you down whenever they want to conspire against you.
newbie
Activity: 5
Merit: 0
Bitcoin (BTC) Price Analysis and Price Prediction 2021

ALT Coins- Ripple CTO lost his crypto in Altcoins.

Bitcoin gained +2.6% in the last 30 days.
Bullish Bitcoin price prediction for October 2020 can go over $11200.
Conservative Bitcoin price prediction for 2021 is $7,000.
Bitcoin bullish price prediction for October 2021 is up to $22,000.

Read More: BTC Price prediction 2021
full member
Activity: 666
Merit: 108
Fiat investment will bring benifit if business strategy and business runs properly. At bitcoin section it depends on bitcoin market and supplies,demads, trade volume, specially the price.2020 is an example , at the beginning  bitcoin price was like 3k usd but now it's a 18,353.80 usd today. A lot of people invested in bitcoin as this is the most popular crypto currency. So it is possible to be rich with bitcoin but of course it needs patience.
member
Activity: 672
Merit: 29
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 uses 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 know of someone in Africa that Bitcoin made him what he is today. He is mega-rich now. He invested hugely before the 2017 bull season. He's still trading on Bitcoin up to date
The level of richness depends on the opportunities that come your way and the way you utilized them.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
Yes, if you invested a lot of money during the $5k before the quarantine occurs and waited for this bull run, you can become rich.
We aren't sure yet if it will be stuck at $20k maybe more than that.

If you just repeat the process of investing in cryptocurrency since it's guaranteed that it will pump, then it's possible to become the richest in the world because of bitcoin if it exists for the long term. The more you invest, the more you will gain but it's a huge risk if you're not wise on your investment.
full member
Activity: 1750
Merit: 118
to be able to invest in bitcoin you need money ( fiat ) . if you now have a bitcoin and its value is now expensive you can invest that btc directly to other asset or you can pull out its value in fiat form and do same thing which is investing on other asset .

that way you can increase ypur wealth faster because you dont depend on btc alone and you can be soon the richest people in the planet . btc isnt all mined so even if you own all the mined part of btc i think this wont be enough to make you rich in the whole world
hero member
Activity: 2828
Merit: 518
Yes, with the signs bitcoin is showing to the world by steady pumping show with time many richest will be coming from bitcoin. Since fiat money is more older than bitcoin in the world and many investors are use to fiat money in the area of investment. During the pandemic many investors, now know how good bitcoin is in the area of investment which anyone can can use to enrich his self in the country. Many currencies devalue during the lockdown which was causing bitcoin a serious pumping through out the pandemic that make many people rate it the best currency among other cryptocurrencies.

No, as I looked into that case, seeing Bitcoin pump its value, that would just in a certain period of time and it drops again making them poor.
Some people get a huge profit from Bitcoin but not literally it becomes them rich just like how those popular market creators do. It doesn't mean that if you have 1 BTC, you are already rich because that will just vanish after a short while. Maybe owning 100BTC makes it possible but only those millionaires/billionaires can have it, not the normal people just like us.

People can make good money in Bitcoin but not it makes them/us riches.
sr. member
Activity: 1554
Merit: 334
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.
Well, Bitcoin is just new compared to fiat besides, fiat is more widely used across the world than Bitcoin. If Bitcoin does become popular and more accessible for everyone then I could say it is possible to make us the richest.
Personally, I don't think Bitcoin would be enough to make a person the richest in the world alone right now. Richest people do have a lot of business they run and that is why make them the richest. A single business alone would not be sufficient to make you the richest. It can make you wealthier yes but a single investment won't do.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
Business can help to reach a man very rich and very soon. On the other hand, business can destroy a man or any companies. So, it is dependent on luck. Bitcoin is also same thing, a man can be rich by using bitcoin and also destroyed by it.
nope business never rely in luck mate because this is not true.

Business must be something that we know,our passion and with willingness and dedication.

ALl that factor is what a Business owner must have,and also a Heart because running a business is not only by Mind and soul,But also with our heart.

Though OP's point at some part is indeed,You cannot find in Bitcoin what can amde you rich in a span of time.
Pages:
Jump to: