Topic: No new millionaires come from stock market in 2020/2021 - page 2. (Read 636 times)

There can still be millionaires in the current stock market. It all comes down to if we are willing to take the risks or not. You are right that the unregulated stock market usually had higher returns, but we have a lot of new financial instruments in today's world. You can get deep outside of the money stock options for a few cents and if you get lucky that the stock moves heavily then options will become very valuable. Making a few hundred percent profit in options is possible.

Sure I've heard about Ethereum. When you have told Ethereum I remembered that Vitalik Buterin has a profile here. He is probably on of the most famous millionaires from Bitcointalk forum. I remember people pointed on other project devs, that were (and some visit bitcointalk forum from time to time) active on the forum.

I see people write that they use signals on the forum to multiply investments. They probably can be counted rich or close to being rich or even millionaires.

It doesn't matter whether stocks will generate more millionaires or it's the cryptocurrencies. But no bias, I'm more with cryptocurrencies and I'm more confident with its volatility rather than the 2%-5% of a week-month move of the stocks.

I've seen stocks experts are also have merged their expertise in cryptocurrencies and they're already trading it too. Well, a consolidation of their skills through stocks have been used to the crypto market and that's an advantage that they've got which they can apply through crypto.

im not sure about it. i think, regulated one never make single person discouraged. you know if people will kill system if that thing burden them.


im sure of there are many people good at trading give advice to their close friend, than their friend become rich. and maybe people that replay your comment have that experience and want to refute it

I've read the OP's replies and some of the OP's previous posts. It seems to me, that it's pointless to argue with this person because they're under some kind of impression that China will take over the world and that soon there will be an end to the US stock market

Interesting, if so..why are there 248 Chinese companies registered with NASDAQ and two other US biggest exchanges, with a total market cap of $2.1 trillion?

https://www.uscc.gov/research/chinese-companies-listed-major-us-stock-exchanges

https://www.uscc.gov/sites/default/files/2021-05/Chinese_Companies_on_US_Stock_Exchanges_5-2021.pdf

There are too many examples of this but probably the most obvious has to be ethereum, I suppose you have heard of it right? The ethereum project was released on this forum and the same is true for many other coins that still exist to this day and that made a fortune to their developers, that success is what eventually caused the ico craze of 2017 which made a lot of people millionaires as well, however this is getting more uncommon as many coins get released directly in exchanges and do not bother with the forum anymore.

Perhaps you've tried stocks and I assume it didn't go the way you planned and perceived it.

What you stated is merely an opinion since you didn't put enough pieces of evidence such as your source on where you got the information you have provided us. The stock market is doing good at the moment. If you're going to search the internet, the market flow isn't as bad as the previous year due to pandemic. You just have to have enough knowledge and skills in order to be successful on stock market industry. It isn't a place for a faint-hearted person that is easily rattled by the sudden decline or crash.

Stock market possesses risks like any other investment vehicle. You should learn how to limit yourself, depending on your risk appetite. Otherwise, you'll just end up losing and regretting the decisions you have made. Investing in stocks, trading, buying, and selling, are the few stepping stones why there are many millionaires and billionaires enjoying their money right now. Educate yourself first before diving into any investment platform, so you won't be pitiful at the end of the day.

- Airdrop and bounty is just a kind of collecting a little capital and heading to the main place is the crypto investment market, this is where a lot of people can get rich with the probability of winning their investment, especially my personal feeling is that relatively many members have become new millionaires in 2020 and 2021. The stock market is related to the economic situation, 2020 and 2021 are sensitive and thriving times of Corona, it is unlikely that new millionaires can easily be born here

Yes. OP has posted completely wrong information. For example, TSLA has given 700% returns ever since March 2020. Many of the smaller tech stocks have given anywhere from 5x to 10x returns. The NASDAQ market capitalization increased by more than 100% during the same period, resulting in an increase in wealth to the tune of $1.4 trillion for those who were holding the various stocks. While it is good to promote Bitcoin, it is not necessary to badmouth other sectors, especially if backed up with fake information and propaganda. 

Although I cannot provide evidence that anyone in this forum has become a millionaire because of the help of this forum. However, I am sure that
some people have become millionaire after getting information from this forum about cryptocurrency. But not from bounties or airdrops, whose pay is
very low. The possibility of people becoming millionaires in the crypto world, usually from trading and investing. What is certain is that if trading relying
on signals from other people will not be a millionaire, become a millionaire from crypto trading can be achieved if trading using our own analytical skills.

In my opinion, the above view is wrong because the stock market has witnessed a rapid increase in value in technology stocks during the pandemic such as TESLA, ZOOM, APPLE, GOOGLE and the face mask sector. So there will be people who already own them and get rich from the above stocks.

Is there a single person on the forum who became a millionaire? I know this is anonymous. But maybe there is someone who got really rich with the help of the forum? I'm not speaking about becoming a millionaire from bounties and airdrops ( becoming rich from participating in bounties also sounds interesting), but speaking mostly about traders and project developers. Is there someone who came up with an idea, made a project, created an ANN here and supported it, and became a millionaire one day? Or someone who is good at trading, following other peoples advices, thoughts, hints, suggestions and became a millionaire?

The purpose of advertisements once was to make a difference by leaving a mark on the mind of average customers, now these advertisements have become a way to spread fakeness coated with truth and that is the reason for which, noobs are always going to be noobs no matter how experienced they become, because they are only being used to these rich guys' advantage. Corona is also one reason why there are no new millionaires being born in stock markets, but the story was not the same in regards to crypto.

Abit off topic and Im not sure if you know this but Instead of just manually copy pasting all those post, you can click the quote button on each post

Here is an example of @Zilon's post above mine which I will quote


You can erase the other part which you dont need

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And now lets get back to the main topic


There are few people that probably invested in Amazon before it hits $100 back in 2009 or something and unlike crypto, those guys are probably overshadowed by all the 'big guys' that invested bigger amount. Back in the days, there werent many of those 'big guys' that invested in crypto ( probably winklevoss twins ) so yeah alot more of the average joe that invested in crypto back in the days are now millionaires

@ OP you made a few point here but depending on your capital, building millionaires from stock isn't much a deal since stocks appreciate over time. A couple of millionaires emerges last year mostly from those who invested with funds. Stating 2020 wasn't able to produce a millionaire from stock abd 2021 haven't produced any yet I'm yet to believe this statistics and hoping where you likely got your source from

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>Stock market is a different gamble compared to crypto market. One can be a millionaire within just a few months through great timing and proper holding in crypto
that’s exactly happening, dogecoin are making a few millionaires which is indisputable, none can be said with stock market

>while in the stock market, their fortune would rely on many people first before the stock rises. Considering the occurence of the pandemic, the stock market went down real hard ever since and many people took the opportunity to buy stocks while it is still low. If ever things get better for the world in the next few months or years, those who handled their stocks well can be millionaire easily in just a matter of short span of time.
if there is one entity who get rich from stock market, I’d said it’s the central bank who buy up every out of money stock market from the open market, individual investor, they couldn’t buy anything with the stimulus check given to them which is just too little to make any sense. Central bank buying up the stock market do not make any new millionaire in the process, because central bank is not a living creature, they are a company.

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>do not know what could have made the OP think that something like this is remotely possible, yes this market is getting more popular by the day and that is great thing but that does not mean the stock market is not going to keep helping people make money,
is it not too obvious to tell many companies going out of business recently? They’re not making millions but they’re going broke, going to zero, going to make a lot of poor people since many people loss their jobs.

>in fact one of the reasons this bull market went so high and lasted for so long has to do with institutional investors which come from the stock market, so it is obvious both markets are reinforcing each other and I think this is going to continue for a long time.
they are moving out from stock market because they have given up on making profit, isn’t it very obvious??

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>In a season like this, I would assume that there would be some new millionaires made from this. There has been a good amount of stocks that made a good amount of profit during this period,
I’m still waiting for new millionaires created and their inspiring story of how they made it from zero to hero during this pandemic, I hope it is not just a make up joke to mock clueless investor.

>tesla and amazon comes to mind as the most big earners but I am sure there has to be some big pharma companies that made a lot of money as well.
who is the millionaire that come from investing in Tesla and amazon? I think they’re only making billionaire richer, which is a rigged outcome, rigging to make the billionaires richer but not creating new millionaires in the foul play, isn’t it obvious?

>This is why I think it is going to be really cool to see who made how much but we are talking about few hundred thousand dollars turning into over a million dollars thanks to stock increases in most of the big names.
there is none of them, nobody is talking about the recent bull run.

>Surely there has been a ton of companies like airlines for example that didn't made any profit at all and that is why I do not think that it would make a difference, some lost some money and some earned some money and there were few that lost almost everything and some lost everything they owned.
too many businesses are going broke, it clearly doesn’t create any new millionaires, making billionaire richer in a rigged manner, is not how a new millionaire is created, new millionaire don’t come from rigged market.

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>Other than that, it's hard to be a new millionaire since the price doesn't went up that drastically now.
>Unlike before, when bitcoin is like... really low then suddenly went as high as it can, and many people forgetting about their coins too, which made them become millionaire without even realizing, or without any effort.
this is exactly how new millionaires are created, without rigging the market. You can’t said the same for stock market, which is obviously rigged, rigged to make no new millionaires in the process.

>But now, things change. I guess when the price skyrocketed back in january through march, it might be possible that new millionaire might appear, since the price was really crazy. However, it will be less likely than few years ago.
there is new millionaires made from dogecoin, I believe some from nft too.

But we can't take away cheating in human society, this is unfortunate that no matter how the institutions are built around us , we can still find others cheating. It is endemic and very few rich guys have made it without taking from the poor especially in a capitalist economy system.

I agree with Obito. From the data available in India, I can see dozens of new billionaires in the mentioned duration. Bitcoiners have a tendency to post fake news (mostly for the purpose of using them as clickbait). But don't forget that this constant propagation of fake news will certainly tarnish the reputation of cryptocurrency. And this is the last thing we need right now, when the markets are down by as much as 50% from the ATH levels. I am a big supporter of the freedom of speech, but fake news doesn't come under that category.

OP doesn't know what he's talking about. The stock market, unlike bitcoin, is near all time highs. It has created lots of new millionaires during this run that started in April 2020.  To try and say that the stock market has risen this far this fast and NOT created new millionaires is obviously a self-defeating statement.

Everything is crashing even the unregulated market. There are never going to be millionaires in any market in the US because it's now moving on to the east. The new SilkRoad was created in 2013. Investors are investing in companies in China so if you follow the steps of these investors going for Tencent and the likes, you could be a millionaire too.