millionaires of the world, be reminded...

freedomgo

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Quote from: sotoshihero on November 21, 2016, 08:58:58 PM

Quote from: Pab on November 21, 2016, 11:43:40 AM

Nobody knows how many millionaires are in Russia,Putin 100 most wealthy persons are not millionaires ,you count them in bln and China how many is there,i dont think thay will buy btc maybe for fun only.Thay are not so much p2p

Just an estimate only and even a small percentage invest and hoard bitcoin, it can really affect the bitcoin price. Some millionaires are monitoring the bitcoin and even invest in "small amount" maybe just several thousands dollars, its a big effect already.

They'll hoard if the demand is great, and it will benefit us investors here but not for the regular spender. So we should know what side to play now.

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Quote from: Pab on November 21, 2016, 11:43:40 AM

Nobody knows how many millionaires are in Russia,Putin 100 most wealthy persons are not millionaires ,you count them in bln and China how many is there,i dont think thay will buy btc maybe for fun only.Thay are not so much p2p

Just an estimate only and even a small percentage invest and hoard bitcoin, it can really affect the bitcoin price. Some millionaires are monitoring the bitcoin and even invest in "small amount" maybe just several thousands dollars, its a big effect already.

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Quote from: davis196 on November 20, 2016, 07:58:23 AM

Quote from: 600watt on November 20, 2016, 03:34:49 AM

dear milionaires,

the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.

there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.

edit: typo

I don`t think that millionaires read bitcointalk,or will ever read your post.

The economic crysis is here,it isn`t coming.

Strange thing is that during economic crysis the number of millionaires actually grows.

That's true. Millionaires don't give a penny about bitcointalk. If they want btcs they can buy. We don't even know if they have some thousand's as an investment. And yes economic crisis is now and here but taking a look in history books in these cases rich become richer and poor became poorer.

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Nobody knows how many millionaires are in Russia,Putin 100 most wealthy persons are not millionaires ,you count them in bln and China how many is there,i dont think thay will buy btc maybe for fun only.Thay are not so much p2p

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Quote from: Red-Apple on November 21, 2016, 09:06:50 AM

right now all the millionaire in the world are rushing to buy bitcoin since they have read this topic Wink

but in all seriousness it is already too late for anyone too big to get into bitcoin because there have been enough spread during the past years that they can not come in and buy cheap coins and become whales just like that. they would be forced to pay a lot more and that will derive the price higher even.

That would be like the law of diminishing returns. At first, they would be able to grab enough bitcoins from the orderbooks even at crazy prices, but after the liquidity gets eaten away, with the supply of new bitcoins to the market constantly decreasing while the prices going higher, more dollars will be pursuing less bitcoins until markets become fragmented and disrupted while price quotations ultimately useless and irrelevant...

That's why such things are unlikely to happen for real

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Quote from: 600watt on November 20, 2016, 03:34:49 AM

dear milionaires,

the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.

there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.

edit: typo

right now all the millionaire in the world are rushing to buy bitcoin since they have read this topic Wink

but in all seriousness it is already too late for anyone too big to get into bitcoin because there have been enough spread during the past years that they can not come in and buy cheap coins and become whales just like that. they would be forced to pay a lot more and that will derive the price higher even.

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Quote from: sgk on November 21, 2016, 07:27:02 AM

If economic crisis are going to make BTC go to da moon, I hope this happens sooner than later Cheesy

But I also think that it won't be millionaires that will drive the price in that scenario. They already have all the money in the world and probably don't care about something called Bitcoin. The people that will drive the price are the ones whose investments are badly hit during recession and they're looking for an alternative medium to secure their money before it becomes a survival issue for them.

Yes, it is not only millionaire even an ordinary person can even own 1 BTC. Even from signature campaign alone, he can earn a BTC if he diligently save it.In this case we can say that bitcoin price has really a big potential to grow.

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Quote from: 600watt on November 20, 2016, 03:34:49 AM

dear milionaires,

the signs of economic crisis are on the wall. if you guys decide that it could be appropriate to own at least ONE btc, be reminded that this will be very difficult to achieve.

there are 16 million of you on our planet. but there will only be 21 million btc ever. 16 million btc are already mined. no one knows how many are lost, no one knows how many are held by hardcore hodlers (who will never sell), no one knows if the first million btc (satoshis stash?) will ever move.

edit: typo

If economic crisis are going to make BTC go to da moon, I hope this happens sooner than later Cheesy

But I also think that it won't be millionaires that will drive the price in that scenario. They already have all the money in the world and probably don't care about something called Bitcoin. The people that will drive the price are the ones whose investments are badly hit during recession and they're looking for an alternative medium to secure their money before it becomes a survival issue for them.

freedomgo

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I'm not a millionaire but it has been my dream to become rich, and I will achieve that here in bitcoin. I will hold no matter what the future is, 1 BTC is enough, I will not be hurt when it's gone.

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Quote from: chesatochi on November 21, 2016, 06:15:30 AM

People will have other assets like gold, shares or simply have some money in a saving account in the bank to have peace in mind Wink

People who have money always have to diversify.
Gold, properties, companies, even shares are good options.
Money in the banks can be treacherous (never forget Cyprus, March 2013). So the idea OP tries to propagate is not very bad.

But I see at least 2 weaknesses in OP strategy:
* Millionaires of the world don't really stay on bitcointalk.org (though with some luck one of their advisers can be around)
* If they buy all the available Bitcoin, there will not be enough for us, the "mortals" to accumulate more and ... get to follow our dreams Wink

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Quote from: BitcoinPanther on November 20, 2016, 11:00:59 PM

Quote from: groll on November 20, 2016, 10:52:22 PM

For me, it's not an issue since I'm not a millionaire. But if I'm one of them, I would not worry about this issue because there are still other alternatives to earn money aside from bitcoin investment. Millionaires are millionaires. They do have many businesses that are really profitable that makes them rich. So I think it wouldn't be an issue for them if this will gonna be the status in bitcoin.

Indeed bitcoin is not the world. Anyone can survive without it, though I admit that bitcoin help me in my financial capability, but it is just one of those thousand assets that can be traded daily. If someone does not have bitcoin it is not the end of the world for them, they might missed the opportunity with bitcoin but then i bet they are already enjoying another opportunity.

I think we can see the bitcoin as an opportunity to invest it and hold some for the future. You are right if you miss the boat to have some bitcoin under your belt is not the end of the world.

People will have other assets like gold, shares or simply have some money in a saving account in the bank to have peace in mind Wink

tee-rex

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Quote from: thejaytiesto on November 20, 2016, 01:31:16 PM

People can't perceive this because the price is still more or less affordable, but soon they will realize how much of a mistake it was to not buy BTC monthly, as much as possible, trying to buy and stock on them. 3 figure per Bitcoin will be soon a thing of the past and there will be a lot of depressed people when they realize their mistake. Those are the idiots that are constantly waiting for "the perfect price" instead of buying at whatever price, because all prices are good in the long term

I would strongly advise everyone to take such suggestions with a massive grain of salt. It doesn't matter if you personally spend all your retirement money on bitcoins and end up under the bridge in the end. It is your business after all and your choice. But if someone else blindly follows this or similar advices, he may be in for a big trouble in the future.

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in my opinion there are two groups of millionaires in regards to bitcoin: those who already know about bitcoin and they are already whales who have large amounts of it and have been making profit from bitcoin fluctuations.
and those who find bitcoin to tiny for their purposes and stick to bigger markets like stocks,... that they can make bigger investment and make even more.

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Quote from: groll on November 20, 2016, 10:52:22 PM

For me, it's not an issue since I'm not a millionaire. But if I'm one of them, I would not worry about this issue because there are still other alternatives to earn money aside from bitcoin investment. Millionaires are millionaires. They do have many businesses that are really profitable that makes them rich. So I think it wouldn't be an issue for them if this will gonna be the status in bitcoin.

Indeed bitcoin is not the world. Anyone can survive without it, though I admit that bitcoin help me in my financial capability, but it is just one of those thousand assets that can be traded daily. If someone does not have bitcoin it is not the end of the world for them, they might missed the opportunity with bitcoin but then i bet they are already enjoying another opportunity.

groll

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For me, it's not an issue since I'm not a millionaire. But if I'm one of them, I would not worry about this issue because there are still other alternatives to earn money aside from bitcoin investment. Millionaires are millionaires. They do have many businesses that are really profitable that makes them rich. So I think it wouldn't be an issue for them if this will gonna be the status in bitcoin.

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There are more and more bitcoins lost every day, so that makes those that are not lost even more valuable. As the number created(mined) each year gradually drops, that also makes them more scarce and more valuable.

kanazawa

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Millionaires around the whole already had their own stuffs to be busy --- at least, I want to believe, that the majority build their own millions ---, so, Bitcoin is not their business. But, as it was said, the mining are advanced and Bitcoin is now like "in the final path" comparing with a gold mine, but, like gold, those millionaires can easily take their millions and buy OUR Bitcoin, even if you win x1000 the price you paid 10 years ago, they don't care, the fact is that if it clearly worth a good cash (like precious metal) they will buy and they will hold the same way people hold gold or silver bars. It will be sick to sell for "these" people, but, if you need money, you will sell it.

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Quote from: odolvlobo on November 20, 2016, 04:35:00 AM

There are only 1.3 million shares of Berkshire Hathaway stock. It is impossible for every millionaire own a share.

Yeah, that's crazy, isn't it? Anyhow, I'm not concerned about the scarcity factor. There's enough to go around, and right now demand isn't anywhere near where it could be. I had 1 whole bitcoin at one point, but I sold some. Don't think I made any money. Just being stupid.

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Quote from: 600watt on November 20, 2016, 12:28:52 PM

Quote from: Hazir on November 20, 2016, 10:59:52 AM

It is not that you need whole 1 bitcoin or that bitcoin is limited to only full units. I am wondering why Op is addressing his words to people who already are rich.
I would rather won't have current millionaires have bitcoin. What is wrong with ordinary working people having it instead?

that is my point: not enough whole bitcoins around even for the wealthy elite. not enough for them, not enough for us, not enough at all. on the other hand: currently one btc only costs $728,-

get them NOW... Wink

I really doubt the rich people will consider get bitcoin even for fun, i do understand your concern and i dont believe people doesnt wanna to buy bitcoin at this stage, Christhmas is coming and people are dumping some coins into the walls, but sure i do believe the price is cheap.

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Don't tell that millionares don't have BTC's. They are behind mining hardware companies. Imagine without millions and millionarea behind bitmain, how would they be able to achieve such a good progress? They have their own mining rigs, engineers and all staf which they need, also they have one of the greatest mining pool. That costs millions. I can say the same about bitfury.

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