Topic: Do bitcoin millonaires deserve their wealth? - page 39. (Read 3424 times)

Yes they do deserve their wealth for as long as they got their wealth in a decent way and not in an evil way. It's very nice to hear a person who become a millionaire because of his hardwork and dedication.

Yes they deserve their wealth because they work hard for it and they invest their resources to reach what they dream of. Even without knowledge in the economy or business but they try to do their best to earn a decent amount of money and with luck too they earn their millions.

Yes, I agree that Bitcoin millionaires deserve their wealth because they work hard on it even do they don't have any skills or a knowledge about this currency.

Knowledge on a certain subject is required required to succeed in a business or here in crypto currencies. Just watch out for best coins, invest in them, wait and earn or become millianiary once the coin's value goes up. You no need to be an expert in trading, or inteligent in blockchain to gain more wealth from crpto currencies.

If you are smart and lucky enough, you hand tackle and handle things to success.

 I think they deserve it. To invest into bitcoin or crypto currency we do need to have at least little or computable knowledge. Without this we can not have proper investment portfolio. But anyway we have seen many people who just inevsted on the basis of trust and future goals. Like in 2009 and around that year many of the people fled into bitcoin just to have fun and many of the inevsted out of curiosity. Now we see that the same people are millionaires. But I do believe they deserve it because they gave their time and investment to develop the bitcoin. :-)

Of course they deserve it. Anyone deserves to get paid from their hard works and faith in bitcoin. They stick to bitcoin even in its dumping point where most people who invest in bitcoin leave and sell their bitcoins but look at bitcoin now, it rises its price and from this, people who feel courage to stick to bitcoin get they wanted and they did not regret investing in bitcoin.

Everyone has the right to enjoy the wealth he/she gathered from his/her own actions. We are all striving towards the wealth and it would be a lie if someone says that that the wealth is not the goal for them in the crypto market. Jealousy is something that people shouldn't do.

These millionaires which got wealthy for sure didn't earn those millions without a risk. In every trade and investment, there is a risk involved and I can only congratulate to those unknown millionaires which are enjoying their wealth right now.

Not all bitcoin millionaires are deserving to be millionaires, why? Most of them work hard and became patient for it while the others bought it, forget it and then just remembered it when the time it hits a good price in the market making them millionaires or billionaires. Still they do not deserve it but it is there, it happened, they become millionaires and the best thing we can do is to continue using bitcoin maybe in hope of getting millions or maybe billions of profit out of it.

In the stock trading industry, whoever risks their capital deserves the gains. I don't see it so differently in crypto trading.

I am impressed to see most people answer in a monotonic "yes"!

My answer is the exact opposite, but I guess my opinion will be unpopular.
While the question is pretty unclear, it all goes back of how you define "deserve".
Is it consequential of the work input? the risk taken? The added-value to society?

I would say they deserve it as much as a wall-street or commodities speculator.

In other words:
- They input no "work", and by this I mean no skills x time into it.
- They did take risks which involved spending time, resources or money into mining
- Finally the question that matters the most to me:
What did they bring to society? While some investors bring money for businesses to develop, pure speculators tend to just make money on price differences based on the expectation of the next of others. Said in other words: While the acceptance of cryptos and other blockchain applications have been affected and motivated by early adapters, I believe the added-value they brought to society is, in general, nil; therefor not deserving money. Their risk-taking is void of any added-value for society other than their own profit (contrary to ICOs, which have a real economical element for some).

People in this forum tend to forget that Bitcoins is a zero-sum game. So each millionaire has been banking on other enthusiast who entered the dance a bit later.

It is fair for them to have their millions in this capitalistic society? Yes.

Do they deserve it? No.

Last but not least, I am very happy for them and wish they enjoy it all!

p.s. I understand the high bias of hopeful millionaires as pinnacle of this forum's community drives the answers.

What do you want to imply here? Actually, I think it is fair. It is not fair if the millionaires are only those who are formally educated about business, or management, or economics, and the like. The game would never be a fair one if those who have not received formal education will never be able to become a millionaire. For me, the millionaire spots are not intended for those who are well-educated. These spots are intended for those who are risk-takers, for those who are willing to go at it wholeheartedly, for those who are determined yet patient.

They were the early birds, they were early believers that bitcoin is a good investment for long term. So why question the fruit of their trust? They did not steal that money from any one, nor they were money launderer. Their success is also giving us opportunity to replicate what they have done, and become future millionaires too.

Not everyone that invest in a business should have knowledge of the business. Investment decision is not the same as management decision. Here it is risk taking that counts. All the Bitcoin millionaires took risk and are reaping from the benefit of their risk.

Some time ago, I could do mining with a cheap (300$) graphics card and a Celeron processor. Did I invest a lot of money? No. Did it take me time? No. The biggest problem was keeping the machine up and connected to the Internet. After a year I got tired and decided to call it off. Now I have a fair stash of Bitcoin and I can count me as one of the millionaires. I would never have predicted the surge in value. Was I lucky? Probably. 

Yes they do, whether they simply got lucky or not they still made it to that status, I wonder how many are out there through crypto? I would guess quite a few.

I think they deserve to become a millionaire if they really work hard for it and they do not cheat like they scam, hack or something.

They might not be well versed in business but I think the knowledge that make them millionaires with bitcoin is enough, and this indicates that they know how to play there cards well. And is their money they invest in this bitcoin so I don't see why they don't deserve their wealth because this is all risk associated and they went for it.

I am also like you with bitcointalk follow-up I hope can be a milliarder karana my serious seriousness to work hard. yes hopefully all that can happen and manifest

I thank you very much with the bitcointalk that now makes everybody a billionaire because of their seriousness to work. including me. right now I'm going to be a billionaire. with my old determination now soon all of this will happen

The first answer that came to mind when I saw the title of this thread is of course they do. I believe that everything that is owned or possesed by a certai person is well deserved because I know that somehow they were able to receive such due to their hard work. With regards to the responsibility of that person, socially and economically, they do have to be aware that they have to commit to such responsibilities. As a citizen who earns millions, you should learn how to declare what you have and pay the right taxes as this is your duty as a citizen. On the other hand, you also have a social responsibility to provide for those who are less fortunate because little do you know, it is also an obligation.