Topic: in future the Bitcoin will be the Money of Rich people only (Read 915 times)
Indeed, what you're saying is right, bitcoin is gradually raising his bar, and as prices get higher and the poor start to get bitcoin, Bitcoin is the rich game.
Yeah, I agree. Bitcoin is gonna become much higher in price sooner or later. So that transaction fees are gonna increase too. So I recommend everyone not spend their BTC until the next year.
as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
It is a matter of when did you started investing on bitcoin. Well when the time comes if it will that bitcoin is used as a currency then you don't need to convert the transaction to any fiat currency so a payment of BTC 0.0001 is a payment of BTC 0.0001 no other conversion needed. So everyone will have the same way on how to see it. when you invested early you might have more bitcoin that you won't care how much the transaction fee is anymore. So if a "poor" person invested in bitcoin the same time as a rich one did they will have the same conversion when that time comes. It will just be the matter on how many coins do you have.
as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
The reason why demand keeps on rising is because people are seeing the good potential of the coin in the future. Well we can't say that it is only for rich people because you can invest now and just wait for the price to go high. So it doesn't matter if you are rich because you can invest any amount for now.
I think the government not let it bitcoin will be a money in future because they do many real money for the people, and i think many people will not approve for money for rich only because they have also a hope for their self or for they family. Because they want also to do their future or for their dream, because all people can get rich by thier self by efforting to do their dream. 
Of course, in the present trend it's even though a pain for teenagers like me to put the pocket money into bitcoin.
It's all just because of future gain we do now. May be yes we are the future trend for the freshers
In future crypo will be the common factor like the other currency even the banks do does reason why the demand matters.
Wise are those who have either invested or who are investing now, bitcoin is about to make a high or speedy boast in upcoming years and it will replace all other regular currencies and will be used for buying necessities instead of paper money, it gives a high output allowing people to meet their financial needs and secure some for the future, its rewards are multiple and its users will be the rich of tomorrow It's all just because of future gain we do now. May be yes we are the future trend for the freshers
In future crypo will be the common factor like the other currency even the banks do does reason why the demand matters.
I don't think so. But I could be wrong. Even if people don't have much money, what they can afford in bitcoin will match their fiat value, right?! So they can buy Bitcoin and own as much as they can afford, or would otherwise store in fiat. Therefore it's similar to saying cash is for the rich.
as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
that's the pleasure of following and observing Cryptocurrency, I like to read your writing, it's certainly a good experience and personal views. Even up to now, economists and business experts are very surprised by the development of bitcoin.
as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
I don't think bitcoin will only be used by rich people. It may make people rich you are right about that. But there will be many bourgeoisie people who invest with bitcoin. You can say that it will be hard to buy bitcoin in the future.
No i think bitcoin will be access in any user because even it so high like now.We have here faucet to earn even its little so it can use in any person even your rich or poor you can earn bitcoin.We can also do gambling to play because they can be access also even you dont have big money.I think in the future of bitcoin will be useful in any kinds of person
The argument by the OP in the first placed is flawed because majority of ordinary fiat currencies are also in the possession of the rich people only because they have higher income than the others in the social class and so it is and has been in this world and so the rich will keep having the lions share of whatever good thing there is, including currencies.
Of course, in the present trend it's even though a pain for teenagers like me to put the pocket money into bitcoin.
I agree. Especially when you need to use a SEPA transfer if you don't want to pay the double of the actual bitcoin value 
Anyway.
1. I think that the supply is not a problem : as said, even if 1 BTC is worth $100000, 10 Satoshis (for exemple) would still be affordable.
2. For the fees, I don't really know. First, if there is a mass adoption, there would obviously be more transactions, so more fees (--> to make mining more profitable --> to have more miners (I think)). But this scenario is good only if Bitcoin keeps PoW verification.
Wait and see...
Of course, in the present trend it's even though a pain for teenagers like me to put the pocket money into bitcoin.
It's all just because of future gain we do now. May be yes we are the future trend for the freshers
In future crypo will be the common factor like the other currency even the banks do does reason why the demand matters.
It's all just because of future gain we do now. May be yes we are the future trend for the freshers
In future crypo will be the common factor like the other currency even the banks do does reason why the demand matters.
In Q2 2018 will be opened banks with crypto. Just half of the year, and crypto will be availbale for regular people.
No i think bitcoin will be access in any user because even it so high like now.We have here faucet to earn even its little so it can use in any person even your rich or poor you can earn bitcoin.We can also do gambling to play because they can be access also even you dont have big money.I think in the future of bitcoin will be useful in any kinds of person
Transaction fees will not be a issue when technologies like the Lightning Network gets implemented in the future. People are
already using other Alt coins with cheaper miners fees to do micro transactions. Bitcoin can cannibalize any code, if they
need to, if one of these Alt coins have a better solution. These Alt coins are all based on the original BTC code/protocol. This
is one thing about programmable money.... it is just that... programmable.
already using other Alt coins with cheaper miners fees to do micro transactions. Bitcoin can cannibalize any code, if they
need to, if one of these Alt coins have a better solution. These Alt coins are all based on the original BTC code/protocol. This
is one thing about programmable money.... it is just that... programmable.
as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
Let's discuss the first point: i can't understand why you believe that bitcoin price rising is a bad thing? you can buy what you want with the money you have, you don't have to buy 1 BTC just get what you need, it is possible to create a transaction to send some satoshies.my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
You are right about the second point, transaction fees became unbearable especially when we talk about small amounts transaction that's why implementing segwit2x is mandatory.
We don't know how much the Bitcoin price will become in the future, but likely it will keep increasing and surely it will be higher than actual price. But I think even if this happen , Bitcoin will be always available for everyone not only for rich people.
Supporting the ecosystem means circulating it. I think the only problem we'd run into would be if everyone just held onto it, which wouldn't really do anything to benefit anyone. The point of currency is to be circulated
In the time of kings and knights gold was really similar. It was the value holder 'currency' but in the real life it was an asset instead. Currency was silver in the terms of paying for goods and services and it's value was closer to the value of the goods. Gold's value was far higher than the average good's so it was not practical to use it in everyday transactions. Additionally, it was really hard to divide, so it was really impractical. Bitcoin however can be divided into so little fragments that it can handle this kind of task to be a currency, to circulate, and not to be the asset of rich people. But today only a few people have bitcoin, and they're holding it. As soon as the value will increase and much smaller fragments of it would be enough to pay for average goods and services, more and more people will use bitcoin in everyday life, so it won't be the money of rich people only. 
as i am watching bitcoin since 2013 . i think this time is not a newbie time as its about 5 year while this bold Crypto in ups and downs . people called this bubble but they adopted it later.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
my opinion on bitcoin in coming some years about bitcoin is that in future this will be the money of rich people just because of 2 points according to my study , may be i am not correct .
1. the low supply of this is the main reason due to which its being demanded high . and day by day its price is rising like hundreds and thousands of USD .as from December till now in 11 to 12 months this got about 10 times higher price. and its getting more higher to make rich who are already rich . if in 2020 it goes to 100,000.so the holder of one bitcoin just will also be an owner of 100k USD that means he'll be rich .
2. the fee in the transaction is about 0.0001 . this amount is about 7 USD today more or less but approx. in future if its price rises like 100.000 then its fee will be around 70 100 USD or more or less may be . that means alot for a poor person . this will be making distance from poor with the bitcoin . and slowly this will be the property and possession of rich people . i am not in its high fees favor but its becoming fact. in past i am eye witness that we were paying like 13 cents and some more before December 2016 and now we have to pay 5 to 7 USD for each transaction .
suggestions and ideas to my opinion will be appriciated. thanks alot to reading my words.
For me, not only the rich people can earned more money here in bitcoin but they can. They can be billionare here in bitcoin, why? because they have a more money than ordinary people they can buy more accounts and make account how many they want to create. The rich people is far than ordinary people they can buy any thing they want because they have a more money than other people.
Supporting the ecosystem means circulating it. I think the only problem we'd run into would be if everyone just held onto it, which wouldn't really do anything to benefit anyone. The point of currency is to be circulated
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