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Topic: Why so few millionaires? (Read 2029 times)

legendary
Activity: 2338
Merit: 2106
April 10, 2013, 06:50:53 AM
#25
I wonder if there have been many people being able to withdraw their real money to their bank accounts yet.. from mtgox

Wouldn't be surprised to see MtGox saying 'good bye yall' when people starting to withdraw real money en masse


buy japan air shares. there will be a lot of bitcoiners travelling to japan to try to pick up their cash...
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
April 10, 2013, 06:47:19 AM
#24
Just because millionaires don't spend their day talking shit on the speculation boards doesn't mean they are not investing in Bitcoin.

This.
sr. member
Activity: 252
Merit: 250
April 10, 2013, 06:04:48 AM
#23
I wonder if there have been many people being able to withdraw their real money to their bank accounts yet.. from mtgox

Wouldn't be surprised to see MtGox saying 'good bye yall' when people starting to withdraw real money en masse
member
Activity: 84
Merit: 10
April 10, 2013, 06:04:15 AM
#22
Why are there so few millionaires investing in Bitcoin? Millionaires are rich because of their smart investments. If Bitcoin were such a great investment, we would expect more rich people to be attracted, right?

Bingo.  Bitcoin is too risky for serious money right now.

AAANNNNND the contrarian indicator pipes in.

I'm quite certain I'm not doing anywhere near as well as proudhon, either.
legendary
Activity: 2198
Merit: 1311
April 10, 2013, 06:02:07 AM
#21
Why are there so few millionaires investing in Bitcoin? Millionaires are rich because of their smart investments. If Bitcoin were such a great investment, we would expect more rich people to be attracted, right?

Bingo.  Bitcoin is too risky for serious money right now.
member
Activity: 84
Merit: 10
April 10, 2013, 06:00:46 AM
#20
Millionaires that are say 35+ would not see BitCoin as a wise investment... Millionaires in their 20's probably would.

Trust me, there are enough 35+ millionaires who are seeking to invest in bitcoin.
Also, there are plenty of 20+ who became millionares because of bitcoin.


Not everyone over 35 is inept. Cypher is a boomer and he is probably swimming like scrooge mcduck at the moment.

No, not all of us are inept.  I'm older than cypherdoc, and while I'm not doing as well as he is (not anywhere near as well), I'm not unhappy.

Keep in mind that we boomers did, after all, invent and create the 'net - so it would follow that there's at least a few of us who have a clue...
newbie
Activity: 51
Merit: 0
April 10, 2013, 03:02:19 AM
#19
I'm sure they are gradually starting to invest as Bitcoin becomes more widely known and understood.
sr. member
Activity: 406
Merit: 250
April 10, 2013, 02:00:09 AM
#18
you wouldn't even notice if millionaires invested - they're likely to put down $10k down not huge amounts and that makes me more confident in bitcoin surviving hacking scares and the like - a lot of people investing small amounts for the long term.
legendary
Activity: 4522
Merit: 3426
April 10, 2013, 01:58:24 AM
#17
Being a millionaire isn't what it used to be a few years ago. Because of inflation, anyone today with a good job and good investments can become a millionaire in a decade.
member
Activity: 60
Merit: 10
April 10, 2013, 01:54:15 AM
#16

Not everyone over 35 is inept. Cypher is a boomer and he is probably swimming like scrooge mcduck at the moment.

+1
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
April 10, 2013, 01:40:14 AM
#15
Millionaires that are say 35+ would not see BitCoin as a wise investment... Millionaires in their 20's probably would.

Trust me, there are enough 35+ millionaires who are seeking to invest in bitcoin.
Also, there are plenty of 20+ who became millionares because of bitcoin.


Not everyone over 35 is inept. Cypher is a boomer and he is probably swimming like scrooge mcduck at the moment.
legendary
Activity: 2338
Merit: 2106
April 10, 2013, 01:32:16 AM
#14
calm down. relax. there will be plenty of millioniars soon here. it will be us. a bubbly millionaire bubble.
donator
Activity: 784
Merit: 1000
April 10, 2013, 01:30:31 AM
#13
Millionaires that are say 35+ would not see BitCoin as a wise investment... Millionaires in their 20's probably would.

Trust me, there are enough 35+ millionaires who are seeking to invest in bitcoin.
Also, there are plenty of 20+ who became millionares because of bitcoin.
hero member
Activity: 504
Merit: 500
April 10, 2013, 01:22:26 AM
#12
Good question tbh. Probably too risky/volatile for them?
legendary
Activity: 1176
Merit: 1010
Borsche
April 10, 2013, 01:00:54 AM
#11
Also, anybody with 5k coins is a millionaire by definition, so I can assure you that you are wrong - more than enough millionaires in bitcoin Smiley
hero member
Activity: 811
Merit: 1000
Web Developer
April 10, 2013, 12:59:35 AM
#10
Pretty sure we got to the billions some how Tongue
donator
Activity: 994
Merit: 1000
April 10, 2013, 12:28:58 AM
#9
Just because millionaires don't spend their day talking shit on the speculation boards doesn't mean they are not investing in Bitcoin.

lulz this +1
Millionaires most likely go through third parties who allocate bitcoins as a position in their portfolio. E.g. take a look at providers like https://exante.eu.
newbie
Activity: 56
Merit: 0
April 10, 2013, 12:27:59 AM
#8
Millionaires that are say 35+ would not see BitCoin as a wise investment... Millionaires in their 20's probably would.
full member
Activity: 182
Merit: 106
April 10, 2013, 12:26:38 AM
#7
As did $120 to $140
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
April 10, 2013, 12:26:08 AM
#6
Quite an assumption you're making.



The sudden move from $195 to $200 looked very much a (multi)millionaire scooping up 5000 coins.
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