Topic: Can bitcoin make someone the richest in the world? - page 8. (Read 2411 times)

The answer is yes. Crypto trading can be richest you. So, Trade on bitcoin.

If you bought Bitcoin when it is at its lowest price of at least you are mining at that time and holding of your Bitcoins up until now then you might be "ONE" of the richest in the world but not the richest one.

After all it will depend on how you trusted Bitcoin and how much did you invest. Bitcoin can be used to be rich but still there are some factors in it like how good are you in investing or at least trading since it is easier to get rich there.

Businessmen don't depend on a single investment only, its just that the one you investigated doesn't have any investments on Bitcoin at all but maybe in the future who knows and now that more institutions are investing into it he might think of investing too.

And holding bitcoin for very long time is like mission impossible as whenever the price marking new ATH you'll get lured to sell some of it and you might ended up with very little amount of bitcoin or even hold nothing anymore when the price did really reached the moon at millions dollar or so. Unless if you are satoshi who holding 1 million bitcoin until now , then everything is possible to become the richest man in the world as individual.

Still .. relying to become richest man in the world on bitcoin investment alone it's mission impossible for me, you need to have a real (multi-national) businesses running to support .

Probably that thought is possible but hard to tell and make be evident because mostly those billionaires have already existed in the world even before Bitcoin comes to existent. Also, those billionaires are now becoming interested on purchasing and holding Bitcoin due to its value making them become even more richer than before. So, if you wanted to become the richest people in the world with Bitcoin, then you must be the one who have very patiently hold your earned quantity of Bitcoin since it was established at a low price for it is now very pricey to have even 1Bitcoin on your account. There could be a possibility that one of the richest man could be produced by Bitcoin but still it could not be fast enough to make happen for the fact that fiat billionaires take time before they have attained and achieved the position they are currently in to.

Actually, Bitcoin can make someone the richest in the world I think. Because it is a volatile cryptocurrency like others. It was worthless once but now we are talking about 18-19k dollars. I think it has the potential to do much better than this. So, we could see the richest person in the world who will make it with Bitcoin in the future.

It's too early to do research. Bitcoin was seriously talked about in 2017, before that it was not interesting for most investors.
For example, if you read this book, you will learn a lot about people who became millionaires by investing in cryptocurrencies.
https://www.amazon.fr/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X

If Bitcoin alone then no because it have a limited supply but with the help of other crypto then there is a chance.
But who would risk their Billion Net Worth on crypto?
Billionaire's wouldn't put everything they have in crypto so I don't think that crypto could make someone the richest person in the world.

Bitcoin might or might not make someone the richest person in the world but it have the potential to change the life of someone from below poverty line to an average household pay, When I say bitcoin will improve the standard of living for some people I mean it through the opportunity Bitcoin has created through various channels including the signature campaigns here. At some or the other point, the richest will use and adopt bitcoin and it's not bitcoin which needs richest or make someone richest rather it's the richest who needs bitcoin and it's other people who need bitcoin to improve their standard of living, control over their money rather than regulators having access to their asset.

Again Bitcoin is not a ponzi get rich quick scheme it was designed to make our life and transactions easier but it's used as an investment medium. 

The top richest men in the world became billionaires without Bitcoin, and most of them have been billionaires before Satoshi even thought of creating Bitcoin. I can’t tell for sure whether bitcoin can make anyone the richest man, but being the richest man requires a lot of work. Maybe Bitcoin can help in boosting your wealth to the top, but you still have to be investing in other assets and also have a business that you’re doing.

Just check the richest men they all have businesses that they are in charge that’s bringing in a huge stream of income; Bill Gates has Microsoft, Jeff Bezos owns Amazon, Zuckerberg has Facebook, and even the African richest man you’re talking about has a big company, one of the biggest in Africa, and these businesses are getting them steady income on a daily, which is unlike Bitcoin.

Why not? It is possible, right?
Bitcoin is one of the promising assets to make people be rich. But yes, at the same time, Bitcoin also has a bigger risk than other assets. That's because the price of Bitcoin can increase significantly but also can drop suddenly as well. Yep, the volatility of Bitcoin price can be the advantage and disadvantage of this digital asset. It depends on how smart the holders manage their BTC assets. If the holder knows very well how to take advantage of Bitcoin, then it is possible for him to the richest one. IMO

OP:
What is the point here (!! / ??), there is a tendency to measure bitcoin by its intrinsic value in fiat currency, it is obvious our economic mediocrity leads us to the simplicity of measuring ourselves around to the dollar. but...(e.g.) and if we think differently, bitcoin is bitcoin, one day the reference may be bitcoin.

Here you have to open your mind in the same way that the fortunes of the richest people on the planet are measured, many of the fortunes mentioned are only referenced in dollars but such amount does not exist physically in Fiat currency, there is something called assets, liabilities that generates capital assets, to make it simple without going into details that leads to for such amounts in billions of dollars of some individuals that are mentioned in different lists.

If you are lost in my idea, if you take the fortune of the richest man in the world and convert it into bitcoin at the current price, it gives you a relationship that 21 million fall short, they do not reach, because there is a real limit in quantity and price, but If you forget that you can quantify it at today's price it would be more but that much more than 21 million BTC.

With the above I only try to take you to the point that in the practical reality of the value of bitcoin, millionaires also have their bubble because their fortune does not depend on the reality of cash in a bank or on the reality of having such an amount of cash.

So it is very possible that the largest holder of bitcoin has in practice with the value of yours bitcoin in fiat more money than some of these millionaires.

G.B.

If you understand how long the fiat currency that these rich men have been using to invest compare to crypto you will not necessarily ask this question. This is because in a diverse world rich people make hale while the sunshine. Many of them might consider crypto as an alternative means of investment as time passed by when crypto is generally accepted worldwide because that is what matters. Some rich men that invest in financial institutions are already making use of crypto

Any investment could make anyone the richest. But I guess Bitcoin won't make me the richest. One reason is circumstances, in order to earn huge profit from investment, you need to have a big capital to make it to the top. Especially in this technology wherein there's no consistency with the profit, which will be a struggle if your aim is to be the richest. I'd say diversify your investment in order to climb to that peak, because in such way you will generate bigger profit.

I think you ask this question because you do not understand what bitcoin really is. I'd advise you go through the nine pages of bitcoin's white paper and you'd realize that bitcoin was made to be a currency. Currency meant to be spent just like the US dollar and other fiats.
What you're asking is equivalent to asking if the US dollar can make one the richest man.
True, one can make money by trading in the crypto market just like the forex market but you'd realize these people don't trade to become the richest person in the world but to make a living

Why does he has to be a bitcoin user? Owning of bitcoin doesn't mean that you'll become rich. Check whitepaper at first to understand what was the idea behind creating of bitcoin!
To invest bitcoin in what? Do you mean to invest in bitcoin and become the richest man? If you would mine/buy bitcoins in 2009-2010 and sell them when price was high, buy them when price was low and wouldn't make mistakes, then - yes. If you hack the network, then maybe - yes.
You can't become a rich by just doing everything fine, there is another life behind being a rich and you have to succeed in it. You have to be strong to keep your property or someone will take it away from you!

I guess someday it might, bitcoin is still new and gaining attraction as each day goes by, with time it's going to be popular and be able to make someone one of the richest man in the world, and before you compare don't forget this people you mentioned started investing with fiat a long time ago, Aliko Dangote in particular has been in business for over 30+ years now and I believe same thing goes for Jeff, this guys have been using fiat for over three decades now, so we shouldnt start comparing bitcoin and fiat, let's give bitcoin more than to grow.

I am Agrss with you. I think Bitcoin is world famous digital currency. Now a days it is hot product in digital currency market. Few days ago Bitcoin price was mear about 3200$ But Now 18600? So i told that A person to be a richest man by trading Bitcoin or hold Bitcoin. And Bitcoin is a perfect things for to be a Richest man.

It is indeed true, those people who are rich right now are the people that are responsible in so many ways because they cannot achieve that goal just by dreaming, they are inserting some effort and hard work to do every task/work possible to make their dream true. Not only that, we all know that knowledge is important to success, they have the eagerness to achieve more and more by studying what they need to be able to invest their money. Everyone in here can be the richest man in the world, bitcoin can do that to you. The only thing is that you should do it yourself using the knowledge you have right now.

It is conceivable if you seek. It is also possible to become the richest person by bitcoin. All it puts up with is patience and concentration. Frivolity is fulfilled effortlessly, it seizes duration. If you squeeze into Bitcoin and conserve the strategy, then it is apparent to be in a good position or richest person.

Maybe this will possible over more years. But now it is not possible yet. May be the owner of BTC enters the list of a rich person soon. But BTC is at a growing level when it will gather its experienced and make a position then nothing will be impossible for that. For this BTC should have to go a long run and have to cross all the difficulties.