Topic: Huge Future Bitcoin Holders! - page 3. (Read 859 times)

Rich people will actually be getting richer because they are more strategically knowledgeable when it comes to investing and they have the money to fund which they don't need for them to buy and sell but they just hold until the moment they want to sell it.
Do you think OP that because of that 80% of Bitcoiners are holders this will lessen the demand? No, but instead seeing the price of Bitcoin will still be growing.

https://nypost.com/2022/02/05/how-cryptocurrency-made-these-four-ordinary-people-rich/
Well, this is quite believing that there is still a way for the poor and middle class to become rich.

The bigger your holding the bigger your profits you are right with your statement one needs to know when to take the profits and walk away because not everyone has the appetite to hold for infinity so just get on board and cash the ride.

Not only the rich can take advantage of the volatility of the Bitcoin market anyone can also take part in the profit-making mechanism presented by Bitcoin.

It is not just about "prefer", it is about not needing it. There are so many people here who want to invest 100 dollars and make 100x in a week because that is all they can afford. They can't just put all the money they have into crypto and wait for years, because they are poor and the money they have is not enough to really matter at all.

I do not have enough money to invest that could even do 2x and make me "retire", let alone be rich. So, these people are looking for short term quick gains because they have to. I don't do it, but I understand them. Rich people on the other hand can do whatever they want because they are rich, and that is what being rich can help you with.

Those who hold big will have a greater chance of getting rich. it all depends on how much we hold for now. but not everyone is able to survive for a very long time, when the big profits are clearly in sight, I think this is the right time to take it. and that causes the market to go bad.

Yeah, you're right. Those who want to invest whether the price is high or cheap will still take the risk. Why? that was because they know that Bitcoin has a better future and investing this gains a profit. The advantage that these rich people is because they have enough money to invest, they are not worried if they lose unlike the poor people and even from the middle class.
It is now that people know more about Bitcoin, proving that was really profiting, they're now seeking a chance. And nobody had ever thought that Bitcoin will burst, not anymore this time.

There is a lot of talk about bitcoin going down in value, that it will be worth nothing, and this is confusing a lot of people. But I want to say that such conversations have always existed, at all stages of the development of bitcoin, for many years it was called a bubble that will burst, but as we can see, this does not happen. Now it is difficult for many to invest in bitcoin because of its high cost, but as they say, - if there is a desire, there will always be opportunities.

Rich people will be more richer because they always see the value of bitcoin and find themselves investing more in bitcoin and eventually hold them after. However, for middle or poor class, if they stick to invest on what's more affordable for them, then they will always miss the chance to invest in bitcoin. And that simply means that their financial status will always be low and never grow, unlike investing in bitcoin though its high risk and expensive but its rewards is definitely worth it to make you rich.

Yes, of course btc is btc. You pay for a btc to get a btc not altcoins or anything, that's a disrespect if a seller didn't obey the order of their customers but buying btc does not make you guarantee that you are now secured or you can now expect to earn a profit but it still depends on the ability of the person that owns a btc. Yes, altcoins dump harder once bitcoin dumps, that's only an evidence that there's more people that have a faith on bitcoin. Why would be scared when more millionaires buy a huge chunk of btc? But instead we should be happy for that because that makes the market pump.

@bittraffic yes, there always going to sell their btc's because it does not make sense holding btc forever. We should not worry about the supply or anything else.

The trader should read all the story before taking a movie. Movie without good story is like a unhit movie.So all traders should read about the bitcoin before the investment.Investigation before the investment is sounds good then the reverse process.The whale had a huge control over the years in the bitcoin.Bitcoin had a great influence on the economy now. So investment should made after the analysis on current market situation.

There was a time when bitcoin was cheap as 1 dollar and still accessible to anyone who went for it, doesn't matter if they were rich, middle class or poor. So we can't blame bitcoin for making riches richer. Middle class and poor people should be blamed for not adopting bitcoin when it was still on its earliest phase. For some reason they didn't have interest for bitcoin on the perfect moment, while those who had were benefited. And that is fine, because early enthusiasts took the risks and believed when nobody else did...

For those who still don't own any satoshis, it's better to recover the lost time and adopt bitcoin as soon as possible. Each new year it's going to be harder and harder to acquire bitcoins for affordable prices, especially when reaching closer to the halving.

If one wants to see the true picture of cryptocurrency you will need to go back to study the Bitcoin history and chart, well I don't think with the currency system having the whole of 21 million Bitcoin into the hands of the rich is possible. Because Bitcoin is already halfway divided into different wallets some of which are currently inactive e.g Satoshi wallet and the rest of Bitcoin early adopters who bought Bitcoin when the price was relatively low. So no whale can have total control but as long as you hold a bit in your Bitcoin wallet you are part of the Bitcoin network.

What do you mean a threat to the future? What exactly is the future for BTC?

Yes, Rich people don't play with their investment by spending a huge amount of capital to purchase bitcoin. They are fully prepared for this bear market not to sell than to buy more of bitcoin to get richer in the community. The rich people prefer long term investment than short term investment because the long term investment allow the rich people to have a good plan that will keep them richer. Poor people always afraid of putting huge amount of money on bitcoin investment because they don't believe that bitcoin investment can make someone rich in the community .

OP, what you point out is something I have thought about on several occasions ever since the institutional investors find a safe haven in Bitcoin and the best every middle class or poor people can do now is to hold their bag rather than sell for little profit.

I think we need to understand that even if Bitcoin become the mainstream of payment all Billionaires won't invest in it and the same thing happened to the Millionaires. Although if there's a huge number of Billionaires that invested in Bitcoin, it will influence some organizations and individual

Not always happen what we think. A lot of millionaires even don't know about cryptocurrency. Do you think they aren't earning a handsome amount even when they are sleeping? I think so. Millionaire for a country doesn't matter, it's a normal matter for a country in the native currency. So better we talk about Billionaire rather than talking about Millionaires. No, all billionaires wouldn't invest in Bitcoin nor they would have faith in it. They have a solid earning source for how they become billionaires, doesn't necessary to be interested in Bitcoin. Even they become interested, there is a unit of Bitcoin that will solve the problem. Always we may buy Satoshi unit.

     You know what brother, there are actually only a few millionaires that own bitcoins and most of them became one because of the very existence of bitcoin. While it's true that millionaires have a lot of capability, it won't be as easy as in the oast to get their hands on bitcoins anymore because if you think about the fact that in the past few months only a few decided to let go of their bitcoins despite the huge dip says a lot already. And if we consider how few the maximum supply is along with how little there are that has been mined, billionaires and institutions have the upoer hand. Just same as millionaires compared to the less fortunate. Its just like this: The earlier years of bitcoin are the times when the less fortunate have great chance of acquiring them. The middle, up to this day are for the millionaires and slowly turning into times for billionaires. The coming years, are for billionaires. While it is evident that any of the three classes can get bitcoins in whichever timeframe depending on resourcefulness, we cannot deny that the ones with higher capital will always have the upperhand.

     - Now, does this makes the rich richer? Probably. But it doesn't mean it makes the poor poorer. In fact, it helps the poorer get more opportunities since bitcoin is not the only crypto out there and as bitcoin rises, it takes with it all the altcoins. So if a person is smart and skillful enough, he won't get poorer. Instead, he will be rich.

Because they can afford it, they are not afraid because of how much money they spend so they are not afraid to buy bitcoins when others back off to buy bitcoins.
Because they also have more assets so that what they have bought is not afraid to keep for a long time.
In contrast to people who have limited money, everything must be thought about first.

Well, rich people become more richer because of their mindset to look for long-term investments and that's what separate from small time holders. They are buying while others are in fear and dip market right now they loading their bags and they know when to take profit. Bitcoin is open to all and the focused should not be on big time whales, as small time holders should also think like big, hodl and be a diamond hands.

Rich are becoming richer because they are investing into different assets or business that gives them a potential huge gains.
It is not their fault If they all own 1Btc and became even richer when middle class or even the poor ones could actually accumulate Bitcoin gradually for a long term profit.

Middle-class people usually depends only on their high paying salary.

Why focus on those millionaires because all of them have other business to deal with and if they are interested with bitcoin then maybe by now we see majority of them are in this industry. Its just each one of us have different perspective upon looking on different investment and might majority of millionaires doesn't want to engage with bitcoin since as we can see on the mainstream bitcoin didn't get a positive outputs towards them. Just focus on what did you do today since for sure it can help you out gain in future.