Huge Future Bitcoin Holders! - page 5.

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

Quote from: ?? on ??

those who are having bitcoin's have a bright future bcoz it is one of the top most business activity and ledging business in todays and futre generation .lot of surveys says that have huge future to bitcoin holders and traders in this digital world I do agree with you that if a person HODLs at least their BTCs, you can acquire and take advantage of its volatility for maximum profit.

Do they have advantages because it will help them pump their few dollars or because it protects wealth against the original inflation we have been fighting worldwide? There are other firms that have invested billions of dollars in other assets as a hedge against inflation and are doing well without owning bitcoin.
The thing is, bitcoin beat other assets in many ways but has in own flaws too and having a single UTXO of it as an investment is one of the best decision anyone would make today, nobody knows what tomorrow will tell but sure it has a way increase in price by virtue of its demand and supply.

mk4

legendary

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Paldo.io 🤖

Bitcoin was never created to solve the wealth gap. A rich person will always get richer if he/she does well, and a low/middle class person will always stay in their place if they don't outperform others.

And yes — if it's the case that every millionaire finds out the importance of bitcoin then all of them will have a good amount. Now, it's your job to be smarter and get in before them if you actually think that bitcoin could be bigger in the future.

goldkingcoiner

legendary

Activity: 2240

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A Bitcoiner chooses. A slave obeys.

Quote from: Oluwa-btc on March 14, 2022, 03:36:40 AM

This giving the rich a better chance to be richer, and not to the middle class nor poor.
Ain't this a threat to the future ? Cos I believe, 80% of Bitcoiner's are big time holders.

Thoughts please.
Thank X

You are severly underestimating the intellect of these new-age Bitcoiners. Most of them got into the game a year or two ago and have no idea what is going to happen or what they are doing. Most of them are still "day-trading" their profits away satoshi by satoshi. 80% is absolutely too high of an average and 50% is too high as well. If I had to guess, I would say maybe 25% are true hodlers. At most. (Not counting investment firms)

Most people have itchy and shaky hands and can't step away from the charts for even an hour.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

And think of it that a few of those millionaires are aiming to hold not just thousands but millions of bitcoins. This is applicable for those companies like Microstrategy.
They doesn't seem going to stop buying and would like to hold a lot of bitcoins and that's a firm decision that they will be holding in the future without any definite decision until when they're going to hold.

qwertyup23

hero member

Activity: 2268

Merit: 789

I think the question is somehow relative- like the concept of a millionaire depends upon the social status and economy of a person in his respective country.

To put you into perspective, 1 BTC in my country (Philippines, a third-world country) can yield you basically a good condominium unit. You can be considered as a 'millionaire' if you have 1 BTC in my country. But, a person living in first-world countries (e.g. USA, etc.) can be a different story as 1 BTC there can purchase you something that is relatively lower.

Though, I do agree with you that if a person HODLs at least their BTCs, you can acquire and take advantage of its volatility for maximum profit.

Despairo

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Activity: 1064

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Based on wikipedia a millionaire is a person whose assets exceed one million USD or $1,000,000 and we don't know the assets is a fixed asset or current asset, if fixed asset they can't easily move their asset to convert to fiat.

Quote from: https://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_millionaires

According to estimates, in the middle of 2021 there were 56 million people worldwide whose assets exceeded one million USD

How much is 1 BTC right now? it's around $39,000 this doesn't mean if a millionaire bought 1 BTC, the rest BTC's price will still $39,000... of course it will increase and exceed $1,000,000 when so many people want to buy Bitcoin. But we don't know if they're sold his coins or the millionaire want to buy Bitcoin, it's only your analogy.

Oluwa-btc

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Leading Crypto Sports Betting & Casino Platform

A lot Unknown, that's why I ask a lot of questions.
With over 50 million millionaires across the globe and 21 million BTC , what happens when every millionaire out there gets 1 BTC ?
Half of the 50 is 25 and they can all get the 21million BTC.

This giving the rich a better chance to be richer, and not to the middle class nor poor.
Ain't this a threat to the future ? Cos I believe, 80% of Bitcoiner's are big time holders.

Thoughts please.
Thank X

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