Topic: Do you think bitcoin redistributes wealth or just makes the wealthy richer? - page 11. (Read 3797 times)
July 02, 2018, 09:36:36 AM
Many rich people earned on the growth of bitcoin and became even richer.
July 02, 2018, 08:15:20 AM
Nothing can have an even distribution of wealth at any time.
It’s just the advent of the era of cryptocurrency, which gives social wealth a chance to redistribute. When this opportunity comes, if you seize it, you will realize the freedom of wealth. If you look at it, it is only a base at any time.
It’s just the advent of the era of cryptocurrency, which gives social wealth a chance to redistribute. When this opportunity comes, if you seize it, you will realize the freedom of wealth. If you look at it, it is only a base at any time.
July 02, 2018, 06:13:35 AM
Well I think that bitcoin redistributes wealth because just like me,I am not wealthy but because of bitcoin I can be able to support my daily needs and have enough money for my future.I am so thankful that bitcoin came into my life because it really helps me financially.
July 02, 2018, 06:07:46 AM
I think, thanks to bitcoin, those people who are smart and prudent are getting richer.
July 02, 2018, 03:35:10 AM
I think bitcoin will continue to experience a rapid development in the next few years so the opportunity for someone to invest is still wide open and to become a rich person can happen when they can take advantage of opportunities well in obtaining an income.
July 01, 2018, 07:57:59 PM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
I believe yes because it has a big impact in the growth of cryptocurrency. Through big investors , there would be a bigger impact in the price of bitcoin. Being rich is an advantage because through their bigger investment, they could gain a bigger profit as well.
July 01, 2018, 07:16:09 PM
The people who bought Bitcoin in the early years made a lot of money. First come first served. This is so normal, because those people have made investments by taking risks and in this sense they deserve the money.
July 01, 2018, 07:06:17 PM
I wish there was some statistics on this. But in the last year it made a lot of holders a lot of money, by selling to a lot of new people who lost a lot of money.
July 01, 2018, 06:45:27 PM
If you are talking about redistribution of wealth with bitcoin for all individuals or for all richer already is quite different. For those who are want to become rich in bitcoin they are doing all things to get it, all if then took a lot of times and spent more money to make their lives successful. So we can't considered that it was a manipulating system in crypto world because the all of as a different times and luck it depends on us if how we use this.
June 29, 2018, 02:25:36 PM
If you look from the point of view that those who bought a lot of bitcoins at a very low price in the first years of its existence, that is, throughout 2010 - 2014 and now have become millionaires, it can be said that bitcoin redistributes wealth. And such a redistribution does not affect what kind of estate people belong to - the poor or the rich. Although it can not be denied that
rich people have the advantage in that they have more opportunities to buy large batches of bitcoins.
rich people have the advantage in that they have more opportunities to buy large batches of bitcoins.
June 28, 2018, 07:50:14 AM
I think with the bitcoin all can be rich it all depends on how you play trading, when you can and have the expertise of trading and can make you always get profit then you also can become rich from bitcoin, essentially you have to be patient and not easy panic.
Yes you are right, it does not really matter how much coins you are holding today because you can be losing a huge amount of profit if you are not good in trading so it will be always depending on how good your analytical skills in terms of trading in the market.
June 28, 2018, 07:48:02 AM
Honestly it's more like the economic system. Crypto currency does empower people but then again it empowers the rich more since the rich have more resources at their disposal. That is what capitalism does and that is what happens to us. Yes crypto currency does give wealth to us the ordinary people, but it gives more to the rich.
Actually as i can see it bitcoin opens the opportunity to become rich. While on the other hand It is also a common scenario that the wealthy will become richer because they have the resources to risk a higher investments. Therefore i conclude that it redistributes wealth.
June 28, 2018, 07:47:15 AM
The major ideology behind bitcoin was redistribution of wealth, POOR means (passing over opportunity repeatedly). Satoshi Nakamoto have done his or her part, it is now the duty of the poor to seize this opportunity and become rich. If you are in this forum you will see that you can become rich through bitcoin without having any capital provided you are determine to work.
June 28, 2018, 07:38:54 AM
If your wealthy enough and join bitcoin through trading and your lucky at that time that you made your money double yes its.makes you more wealthier one thing more we say that it redistribute wealth but we can get this by working on their thread and by joining their signature campaigns and that were rewarded by tokens and can be converted to cast
June 28, 2018, 07:34:04 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
As for me it is both. Bitcoin redistributes wealth and makes rich richer. It is by merely plamning a best strategy on how you must act or the actions you need to do to your bitcoin's possession. I have seen the other become financially stable because of bitcoin and I am sure the riches makes more wealth also because of it.
June 28, 2018, 07:24:11 AM
Another way to make rich people richer by cryptocurrencies becomes richer.
You have enough money to buy a certain amount of encrypted currency, or you can buy enough mining equipment, otherwise you will not be able to make a fortune in Ethereum or Bitcoin.
You have enough money to buy a certain amount of encrypted currency, or you can buy enough mining equipment, otherwise you will not be able to make a fortune in Ethereum or Bitcoin.
June 28, 2018, 07:09:59 AM
The early investment BTC essentially ransacked the later investment BTC and redistributed the wealth!
The concentration of wealth in traditional currencies among a few early bitcoin investors has substantially widened the wealth gap.
The concentration of wealth in traditional currencies among a few early bitcoin investors has substantially widened the wealth gap.
June 28, 2018, 06:57:55 AM
Just that... do you think there is any re-distribution effect at all due to bitcoin?
Bitcoin is dustributing the wealth to the people but not that much compare to those who are wealthy already and those who are influencial one. June 28, 2018, 06:09:25 AM
I believe that bitcoin distribute wealth not just for the rich but for also the poor, because we have this kind of forum that can possibly earn bitcoin even if you dont have capital or you dont have money to invest. We just need to be patience because its not easy to earn money here, we need to wait sometimes for a long time for our reward but its worth it.
June 28, 2018, 02:22:19 AM
Bitcoin is bitcoin as it is, it depends on us if how we will use bitcoin for us to be rich or wealthy. It depends on our knowledge and understanding to bitcoin on how we will use bitcoin as our main sources of income to become rich, but I think many of us have become a better life than before because of bitcoin. I cannot say rich, but a better individual and a person to have a better life and have a better income for your family.
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