What do you think? - page 37. | Bitcointalksearch.org

iluvpie60

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

2 days ago the CEO of Fidelity said they are soon implementing trading options for Bitcoin into all of their accounts. They are partnering through Coinbase. The average person will be able to more easily access and move larger amounts of money around to invest in BTC.

This obviuosly creates a lot of demand. When demand outpaces supply you see price go up. Prices will continue to go up due to this. We could see 3,000 dollar bitcoin in a few days. We could see 5,000 dollar bitcoin in a month or less.

Sniper44

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bitcoin is out of the rich of reach now, they would want to go in big and they can't because the market is small still and the price is already up. when in early days they could but i doubt any of them bothered and now to buy a massive amount as a billionaire means shifting the market a lot so they won't.

also as a billionaire you can find a lot of other methods to invest your vast amount of money to make a lot more than to invest in bitcoin and earn a little! the profit of bitcoin is nothing in comparison with what lets say google makes.

thend1949

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

I think many rich families interested in bitcoin and some of them using it as an investment to become richer than other. It would be an negative and positve, if you have wrong move negative, if you do right move positive.. I think they have a big impact in bitcoin price, so if you convert now and the price will still pump you will feel lose and negative effect to you.. But if you convert it now and the price dump it is positive to you because you already have profit and ready to buy bitcoin again at low price

deisik

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

As to me, they will be the last interested in that

What makes me think so? The reason is pretty simple, these folks (if we talk about super rich like Warren Buffet and Bill Gates or super influential like the Bush or Kennedy families) don't need much money as such, i.e. money for them is only a tool purely utilitarian in function and not an investment asset in and of itself. So they will just stick to using what is most convenient for them, and that seems to remain the American dollar (or the currency of the country of their residence)

xaviervilla

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They probably get in it for control.
But for profit? I dont think so.
They are already in so much business.
And in terms of buying, they wont have any probs even with illegal things.
Coz again, they are rich

Polar91

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

Of course yes. Bill Gates have already invested in bitcoins for your information as we can see he stated his opinion in bitcoin. Therefore, we can expect that a lot of rich families and personalities might invested already in bitcoin as it becomes more popular and people recognized it as legal investment.

fanita

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I thought about how to get my money to accumulate as much as possible and after a lot of collecting I wanted to do what I had never done before.

adzino

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

Depends. If they are capable of holding huge amount of coins, they might be able to manipulate the market. But I don't think they would be going through all those troubles. They are already rich enough and bitcoin won't interest them much. But if they want to hide their wealth that would be a whole different story, but won't be affecting us much.

xuan87

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I think it will be great, more investor means more transaction and it will lead to a high price, it doesn't matter whether you are poor or rich if you can grab opportunity then you can become rich, the disadvantage of having rich people to join is they can become whale and controlling the price, but to that the person need a huge amount of money or the person can playing with alt coin

orarider

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

Although bitcoin is a fertile land for investment, but for the rich, they have different ways to make money, and they really do not care about bitcoins.

OmegaStarScream

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If we speak about the Rothschild, Morgan's, Rockefeller's etc. then no, they control the banking system, they have no reason on using bitcoin, they never will. If we speak about self made millionaires and billionaires then yes and we already have some and we will continue to have more of them and that could always be a good publicity for bitcoin, enough with the ransomware stories.

Holliday

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Everyone can benefit from censorship-proof transactions and a seize-proof store of value.

malami

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I don't think they are interested in using bitcoin, I think they are only interested in diversifying their wealth since bitcoin tends to perform well when people are fleeing stocks, bonds and fiat cash.

davis196

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

If more rich people buy bitcoins ,the btc price will increase and this is good for us
small bitcoin holders.
I don`t see any other positive impact.

Kakmakr

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Yes, wealthy people can make a difference :

~ If they convert some of their wealth into Bitcoin, the price will go up and everyone will benefit.
~ With Money comes power and influence - If Bill Gates say something good about Bitcoin, people listen.
~ Rich / popular people have resources that might improve Bitcoin. < They might pay developers to improve the code >
~ They have some influence with politicians. < Laws and regulations might be more positive towards Bitcoin >
~ They have influence with banks. < Banks are currently trying to sabotage Bitcoin >
~ They own most big businesses and might influence shareholders to accept Bitcoin in their Malls/shops/services.

So yes, they can have a huge impact on where Bitcoin can go in the future. ^smile^

MingLee

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

If they are interested they already have their hands in the game somewhere, they wouldn't leave something like this unattended, however they probably have so much that only the small fry of the big families actually care about Bitcoin.
Probably a negative knowing what happens, but most things are controlled by them anyways so you would never be able to tell the different anyways. For all you know they have full control right now and you're completely unaware of any of it.

uneng

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These persons can have interest in bitcoins, yes. Usually rich persons want to be always more rich, there isn't a limit and bitcoin gives them this chance. I don't know if it's good or not, but it will happen.
Good point is to have more bitcoin users and more influency to make more persons use it, negative point is to have big investors trying to control bitcoin.

coynedterm

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Quote from: hawthelegend on May 24, 2017, 10:28:27 PM

Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

We can see that in every fields that number of the people are increasing and also increasing the competition of the earnings .
But in the Bitcoin , we can earn more and more with the competition .
If the users daily will get involved in the Bitcoin then price will increase and more trading volume will.go for every coin .
But if the more riches person will enter in the Bitcoin then ofcourse profit for everyone will increase rapidly the price of the Bitcoin .
So here everything will be positive and also we should encourage everyone to use Bitcoin and also explain them that how is profitable for us .
In this way we can make much money daily . Without any loss .

Dudeperfect

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See aristocrats would use bitcoins not because to earn money but to hide their already earned money from the governing authorities. In next few years, we will have many merchants online and offline as well supporting payments in bitcoin so, in that case, major part of the customer base would go with it and there will be people from all classes of the society (rich, middle class etc).

Dmitry.Vastov

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Quote from: easynote on May 24, 2017, 10:37:15 PM

I don't really see a point of those type of people trying to use Bitcoin to purchase whatever they want since they're already rich. Bitcoin does not have any weight to it when showing somebody the amount of coins they would have, if they show how many paper money that they have then people will get jealous and is more than likely to be controlled by the holder.

You are right. Cash can buy everything and bitcoin doesn't. What is the point of using them to purchase anything? For me, it only good for investment and tranferring funds.. But i think theres a lot of bitcoin enthusiasts which are big names. Not only big names and personalities but also big companies. I think Dell is one of them who jump in to bitcoin.

Topic: What do you think? - page 37. (Read 20165 times)