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Topic: How many people should get rich and how much is rich? - page 2. (Read 3040 times)

sr. member
Activity: 350
Merit: 250
You should consider, what the definition of "rich" mean to different people. {In the 3rd world countries, people with a car or a house is seen as being rich... no matter if that person are in debt to have that car or house}

1. Man "A" has no debt and no car or house.
2. Man "B" has a car and a house, but he has a unpaid loan and a bond of say $2 000 000. 

Do you think Man "A" or Man "B" is rich?

The early adopters are in a much better place, if they still have those coins or the value after they sold it. {So yes.. they might be rich}

You can still get access to the NEW coins being released daily, so the "early adopter" coins should not exclude you from being rich.  Wink 

I guess this is somewhat my point, its not about the wealth created on potential future value in less than 5 years from creation. Millions of people can start businesses and wealth can be created in that, but this takes time, part of it is new people coming to this space, getting involved with bitcoin, perhaps earning some money from the gains in bitcoin and use that to reinvest in a business that can and will make money. Its slow yet still a quick process but in a few years there will be a lot more coins in the hands of more people, not less people… Some people earn bitcoins and never put a dollar into it..
full member
Activity: 210
Merit: 100
You should consider, what the definition of "rich" mean to different people. {In the 3rd world countries, people with a car or a house is seen as being rich... no matter if that person are in debt to have that car or house}

1. Man "A" has no debt and no car or house.
2. Man "B" has a car and a house, but he has a unpaid loan and a bond of say $2 000 000. 

Do you think Man "A" or Man "B" is rich?

The early adopters are in a much better place, if they still have those coins or the value after they sold it. {So yes.. they might be rich}

You can still get access to the NEW coins being released daily, so the "early adopter" coins should not exclude you from being rich.  Wink 

what if man C has a house and car no debt?
legendary
Activity: 1904
Merit: 1074
You should consider, what the definition of "rich" mean to different people. {In the 3rd world countries, people with a car or a house is seen as being rich... no matter if that person are in debt to have that car or house}

1. Man "A" has no debt and no car or house.
2. Man "B" has a car and a house, but he has a unpaid loan and a bond of say $2 000 000. 

Do you think Man "A" or Man "B" is rich?

The early adopters are in a much better place, if they still have those coins or the value after they sold it. {So yes.. they might be rich}

You can still get access to the NEW coins being released daily, so the "early adopter" coins should not exclude you from being rich.  Wink 
full member
Activity: 210
Merit: 100
Anyways, how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich.

Bitcoin doesn't get people rich now. Very early adopters who mined thousands of bitcoin might be rich now. We have already passed that phase. Current Bitcoin users/adopters might profit from bitcoin in the future, we wouldn't be life-changing "rich".



that is subjective.
newbie
Activity: 17
Merit: 0
you are rich when you don't care about the price of anything
sr. member
Activity: 350
Merit: 250
I think you all somewhat missed my point about the frictionless nature of bitcoin. Considering you can move wealth around from person 2 person so easily without all the hoops you need to jump through just to get a bank account, only to get questioned about the money in your account…

I am not specifically talking about how many people can get rich off holding bitcoin alone, for example microsoft could technically get rich and earn a lot of money from bitcoin without actually owning any bitcoins, simply by selling products, creating a micro-economy because money is able to flow so freely creating a nice network effect of wealth creation.
legendary
Activity: 950
Merit: 1000
If you want to business with bitcoin and get rich then great. Speculation get richery is passe.

If you just want to get rich easy then you need an alt. With its recent fall in price, litecoins looking pretty good to me.
why no buy bitcoin now? It has declined a lot recently! Bitcoin is the leading crypto and its price increases a lot as more ppl adopted it! And comparing to invest in altcoin, you have more chance to get rich! I don't mean litecoin is not a good coin!
Just invest it, relax and wait a few years time, you will find the difference! I don't advocate speculating them! As the normal ppl, we have not any winning strategy for frequent trading. We can win a lot in one trade, but can lose all of our money in one trade and get out of crypto world.
full member
Activity: 155
Merit: 100
I think how much is rich depends on the place you r at... most places in Africa... Rich might be 10k$ where as in many places u can't even have a good life at that.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Man! i want to be rich

everyone wants the good life but few get it
hero member
Activity: 574
Merit: 500
I think the OP is a random assortment of words generated by a bot.

lool that one cracked me up real good..come to think of it it does sound like that.. anyways the definition of rich is changing just like the BTC price.
sr. member
Activity: 518
Merit: 250
I think the OP is a random assortment of words generated by a bot.
legendary
Activity: 1890
Merit: 1148
Man! i want to be rich
member
Activity: 131
Merit: 19
Krypton
That's a great question for the whole world of money. How many rich people can a system support? It seems to depend on the system and how RICH each group is. The US seems to be a top system, and 1 million seems to be what we consider rich. So the US system is supporting 9.63 million millionaires. Is that like 3% or something... It would be great to contrast that with historical data and see if the system is getting stronger or weaker.
hero member
Activity: 759
Merit: 502
Does it matter if bitcoin's price is $1 $50 $100 $250 $300 $350, $1265, $2000, $5000?


In some extremes like $1 per Bitcoin it does matter, because there are limited amount of 21 million of Bitcoins, trades worth ten million $ in Bitcoins would be impossible.
legendary
Activity: 3374
Merit: 1824
In different countries in the world we have different standard what is ''rich'' man.
I don't think that is possible that each person in the world become rich or each bitcoin user become reach.
This will never happen.
If UN statistic is correct, 1 % of world population owns 99% of the world's wealth.
I think that this answer your question.
legendary
Activity: 3472
Merit: 10611
how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich?
the number of people who will get rich from bitcoin will be small since there are a lot of maipulation in price and as a result a lot of panic sells and stuff like that.

There is something about bitcoin that seems it could be a major economic driver with its frictionless abilities.


Does it matter if bitcoin's price is $1 $50 $100 $250 $300 $350, $1265, $2000, $5000?
i think not! no matter what the price is or will be there always will be some people (experienced traders) who will profit by trading bitcoin at any price and fill their pockets while others buy with the hope of da moon and sell on the first deny in price!
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
Everyone deserves to be rich. How much is rich? An abundance of close friends and family who love and respect you.
legendary
Activity: 2170
Merit: 1427
The smartest people (very early adopters) in Bitcoin had the chance to get filthy rich very quickly.

This isn't the case anymore. Sure, if you have a load of fiat to trade with you can make good profits, but it won't be anything like some years ago.

But hey, no one knows how much Bitcoin is worth in 2020... Perhaps WE are still early adopters.
sr. member
Activity: 462
Merit: 250
I can draw your avatar!
There is a finite amount of BTC, when those are out, the value of bitcoin is determined by the largest group of users, those willing to spend the coins for simple things in life, housing, food and water. Those who want to be rich will stay rich and cling to their bitcoin and assets bought with it, the world will not change dramaticly.
member
Activity: 112
Merit: 10
Anyways, how many people should be able to get rich off bitcoin. Is there a limit of how many and or when bitcoiner's can get rich.

Bitcoin doesn't get people rich now. Very early adopters who mined thousands of bitcoin might be rich now. We have already passed that phase. Current Bitcoin users/adopters might profit from bitcoin in the future, we wouldn't be life-changing "rich".



So owning 1 bitcoin will never be a life changer you think?

I personally can't say whether holding one bitcoin will be a life-changer or not, but if you want to increase the chances of becoming rich INNOVATE! Especially now that you have a sophisticated field built on simple concepts in which the incumbent powers are currently overlooking (they won't be overlooking for long).

The people who bought and shared early added a lot. They literally risked their income. What can we add now that is relevant and pushes the protocol forward with the same sort of importance? What is the risk we have to overcome now to earn a reward to mirror those before us?
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