Where are all those millionaires? - page 2.

twiifm

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Quote from: Cluster2k on January 19, 2015, 12:44:46 AM

Where are the millionaires? Some have already been burnt by bitcoin, while others who are aware of bitcoin are sitting on the sidelines waiting to see what will happen.

I do know a millionaire and his opinion of bitcoin is pretty low simply because his son was burnt by a BFL purchase gone bad. While bitcoin itself is fine it does seem to attract more than its fair share of scammers and thieves. It's funny how people who get scammed using USD$ or Euros don't blame the currency for the scam, yet that's what often happens with bitcoin.

Because the ratio to scams vs market cap. And major currencies aren't a "community" or "cult" like bitcoin is

Cluster2k

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Where are the millionaires? Some have already been burnt by bitcoin, while others who are aware of bitcoin are sitting on the sidelines waiting to see what will happen.

I do know a millionaire and his opinion of bitcoin is pretty low simply because his son was burnt by a BFL purchase gone bad. While bitcoin itself is fine it does seem to attract more than its fair share of scammers and thieves. It's funny how people who get scammed using USD$ or Euros don't blame the currency for the scam, yet that's what often happens with bitcoin.

btcxyzzz

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Monero - secure, private and untraceable currency.

Quote from: Coinshot on January 18, 2015, 03:43:04 PM

How is he supposed to support BTC price with his million BTCs? At best he can sell which is not supporting it.

https://bitcointalksearch.org/topic/i-just-wish-satoshi-nakamoto-reads-this-784545

Amph

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Quote from: Coinshot on January 18, 2015, 03:43:04 PM

Quote from: btcxyzzz on January 18, 2015, 07:01:25 AM

And where the fuck is Satoshi to support his project with this million of BTC he owns?

How is he supposed to support BTC price with his million BTCs? At best he can sell which is not supporting it.

he could have sold many million at 1k value, who know, he would be sitting on a mountain of dollars/euro, he can surely buy back and rise the current value

Coinshot

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Quote from: btcxyzzz on January 18, 2015, 07:01:25 AM

And where the fuck is Satoshi to support his project with this million of BTC he owns?

How is he supposed to support BTC price with his million BTCs? At best he can sell which is not supporting it.

(Lithium)

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They are silent about their investments, like almost all millionaires always are

Dump3er

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Quote from: btcxyzzz on January 18, 2015, 07:01:25 AM

Wtf.. 10 million of dollars are just a dimes for many people out there.. I can't understand how they already didn't realised Bitcoin is superb store of value, better than fiat and gold. Why they don't put just a part of their wealth in it?

And where the fuck is Satoshi to support his project with this million of BTC he owns?

Ask this dude called "BitcoinMillionaire". But I think he is not millionaire anymore.

Meuh6879

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Quote from: btcxyzzz on January 18, 2015, 07:01:25 AM

Why they don't put just a part of their wealth in it?

because IRS is here.

btcxyzzz

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Since Bitcoin is the greatest invention since Internet, I wouldn't say it's not a sound investment.

flipstyle

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Quote from: btcxyzzz on January 18, 2015, 07:01:25 AM

Wtf.. 10 million of dollars are just a dimes for many people out there.. I can't understand how they already didn't realised Bitcoin is superb store of value, better than fiat and gold. Why they don't put just a part of their wealth in it?

And where the fuck is Satoshi to support his project with this million of BTC he owns?

Want to know why they're millionaires and you're not?

Because like...you know...they actually make 'sound' investment choices. Aka NOT stuff like bitcoin.

btcxyzzz

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Winklewoss Brothers getting out? Where did you hear that?

As for Satoshi, here's an idea how he should spend his BTC, he would stay anonymous:
https://bitcointalksearch.org/topic/m.8840162

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Quote from: btcxyzzz on January 18, 2015, 07:01:25 AM

Wtf.. 10 million of dollars are just a dimes for many people out there.. I can't understand how they already didn't realised Bitcoin is superb store of value, better than fiat and gold. Why they don't put just a part of their wealth in it?

And where the fuck is Satoshi to support his project with this million of BTC he owns?

Do you think that after seeing Winklevoss Brothers getting involved in this are getting out of this, anyone would take interest in such a small community... Yes, small... I am sorry to say that, but its been 6 years now and BTC is still in development phase with so many bugs to be dealt with... Its not yet accepted by people like us only, yes, most of people don't know what BTC is and why they should get in...

As far as Satoshi is concerned, he ain't only responsible alone for this... Even if Mark Zuckerberg throws in $10 million into this, it wouldn't cost him anything, but he will only look currently into what he will get... Let's share this as a technology...

elephantas1

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Quote from: spiderbrain on January 18, 2015, 07:04:49 AM

They are waiting for the bottom, just like everyone else. And they will wait too long, also just like everyone else. Satoshi is no doubt keeping his head down, as would I in his circumstances.

you cant say will wait too long like everyone, because i dont wait with my bitcoins

ronald98

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Quote from: Brewins on January 18, 2015, 11:30:39 AM

Quote from: Thomas-s on January 18, 2015, 11:24:11 AM

They're already in.
There are 10 people holding 1 million BTC each, so half of the supply is in the hand of 10 people.

How can you know it?

(remember the same people might have multiple addresses)

Also the supply increases every day

You cannot know that for sure, the biggest address only holds 157,997 bitcoins.

http://bitcoinrichlist.com/top100

Brewins

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Quote from: Thomas-s on January 18, 2015, 11:24:11 AM

They're already in.
There are 10 people holding 1 million BTC each, so half of the supply is in the hand of 10 people.

How can you know it?

(remember the same people might have multiple addresses)

Also the supply increases every day

Thomas-s

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Proof-of-Stake Blockchain Network

They're already in.
There are 10 people holding 1 million BTC each, so half of the supply is in the hand of 10 people.

Patel

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Tim Draper is the laughing stock of his peers.

He really didn't know much about Bitcoin when he got in. Did you hear his speech the day after he won the auction? The guy doesn't know the fundamentals of Bitcoin at all. His son told him to buy so he went balls in.

ksteve96

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alcedoplatform.com

They did get in. Ever heard of Tim Draper? He thought somewhere in the $500's was a good deal and I bet he's not even worried right now. Oh, and the Winklevoss twins.

Just because millionaires aren't advertising that they bought coins doesn't mean they didn't. Bitcoin is supposed to be private for a reason.

btcxyzzz

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Bitcoin rise was 100x in 2013. I doubt next bubble will be anything below 10x, and you can't call that just a dimes...

erre

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Satoshi lost the private keys.

And the people for whom " 10 million usd are just dimes" won't bother about a so tiny market, they won't put in so much effort and risk for making less than dimes...

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