Why some millionaires hate Bitcoin? - page 7.

19Nov16

sr. member

Activity: 1722

Merit: 252

Quote from: Bigmikie on July 17, 2021, 02:32:18 AM

Well, I believe the only reason why Billionaires and Millionaire would hate Bitcoin is a lack of foresight or inadequate know about how it works, take for instance Elon musk bought Bitcoin few months ago, what do you think his motive was of course to increase his income and it only came through for him because he has the foresight to predict his capability as well as the effect of him buying
So people saying that it is a scam or whatever, I think its due to inadequate knowledge about . There is no two ways about it.

True, most who hate bitcoin including millionaires because they do not know the right information about bitcoin. Moreover most of them always hear bitcoin is illegal and used for crime transactions such as money laundering, tax avoidance, terrorist transactions and so on.

Bigmikie

newbie

Activity: 28

Merit: 1

Well, I believe the only reason why Billionaires and Millionaire would hate Bitcoin is a lack of foresight or inadequate know about how it works, take for instance Elon musk bought Bitcoin few months ago, what do you think his motive was of course to increase his income and it only came through for him because he has the foresight to predict his capability as well as the effect of him buying
So people saying that it is a scam or whatever, I think its due to inadequate knowledge about . There is no two ways about it.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Slow death on July 15, 2021, 10:36:48 AM

anyone in this world likes to see their money multiplying, even though most millionaires are still afraid to invest in bitcoin, they will sooner or later invest in bitcoin because they want to see their money increase a lot. Until a few years ago there were many millionaires who spoke badly of bitcoin, but today we are seeing a completely different scenario where some millionaires and billionaires already buy bitcoin and speak transparently on the internet that they bought bitcoin

There are some millionaires who secretly invest into Bitcoin for profit. They just don't want to disclose it publicly in order to avoid problems with banks. After all, millionaires store most of their wealth in Fiat through a bank of their choice. I'm sure the number of millionaires will increase over time as Bitcoin becomes more popular. The new generation will embrace crypto/Blockchain tech, while the old generation will be left behind in the dust. Figures like Warren Buffet and Donald Trump are part of the old generation. It doesn't matter what a person says against Bitcoin, as long as it stays decentralized. With how Bitcoin has progressed since its inception, I'd say that it'll be here to stay for a very long time. Just my thoughts Grin

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: worldofcoins on July 15, 2021, 01:48:32 PM

Well, that's one of many reasons, Most of the millionaires spend their whole life to keep on making the same or more amount of money so that they don't have to bring low-status lifestyle. This is what I've seen with most of them.

Some are millionaires for their hard work and they reached that height doing a single work and bringing change to that work will lead to re-learn or master another skill to remain at the same height which is not desirable for each and every one of them.

A distinction should be made between billionaires from the internet/technology sector and those from other sectors. It is true that losers like Warren Buffet and Bill Gates spent many decades to get to a level where they are right now. But that is not the case with others like Mark Zuckerberg, Elon Musk, Sergey Brin, Jan Koum and many other "instant" billionaires. They became super-rich, at a relatively young age. So their attitude towards cryptocurrency will be markedly different from those by people like Buffet and Gates.

XUNing

member

Activity: 73

Merit: 10

Millionaires are all stakeholders in the traditional economic and financial system. Bitcoin is a new economic trend based on blockchain technology, and there is a conflict of interest between them.
As winners of the traditional financial system, in order to safeguard their own interests, they must vigorously support the current financial system supported by the national government. Bitcoin is decentralized, it owns personal assets and is not controlled by the government. Investing in Bitcoin is not conducive to safeguarding their interests, so they will hate Bitcoin.

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: Fredomago on July 15, 2021, 03:48:30 PM

Quote from: Dewi89 on July 15, 2021, 03:08:25 PM

Quote from: nhaila on July 15, 2021, 02:22:06 PM

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

We saw the cover they really hate bitcoin for trying to lower its price and backstage maybe buy it at a lower price. Who is millionaire no.1 in the world, Elon Musk is also involved in crypto investing.

yeah right, they are doing things like this for the sake of generating false information while they are working behind the scene and taking all the opportunities to buy loads of cheap Bitcoin.

Elon Musk got his companies, they love sucking those money out from those poor and average types of beginners, those people who are affected of certained news about known personalities who are against to this market.

They've been played perfectly by those so called haters. Grin

Humans can do anything to satisfy their greed, that's what Elon Musk is doing right now. He spread FUD to create panic, so that many investors
are influenced and sell Bitcoin at a low price. But those who are affected by Elon Musk are only beginners who don't really understand the crypto
world, therefore Bitcoin is currently still stuck above the $30k price. Because there are still many smart investors with whatever Elon Musk did
and made the Bitcoin price fall, but still holding the Bitcoin it owns. My advice we all don't be easily influenced by other people, continue to believe
in the results of our research and analysis. So there will be no wrong in making decisions.

NicNacCoin

sr. member

Activity: 1386

Merit: 451

Quote from: Dewi89 on July 15, 2021, 03:08:25 PM

Quote from: nhaila on July 15, 2021, 02:22:06 PM

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

We saw the cover they really hate bitcoin for trying to lower its price and backstage maybe buy it at a lower price. Who is millionaire no.1 in the world, Elon Musk is also involved in crypto investing.

Some gigantic investors as like Elon musk sometimes tweeted his profile bio or tweeted in their personal blogs that they don't no investment/ longer in Bitcoin and others but it's a trick for cryptocurrencies investment. Their investment time they announced negative and selling time they announced position news.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: Dewi89 on July 15, 2021, 03:08:25 PM

Quote from: nhaila on July 15, 2021, 02:22:06 PM

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

We saw the cover they really hate bitcoin for trying to lower its price and backstage maybe buy it at a lower price. Who is millionaire no.1 in the world, Elon Musk is also involved in crypto investing.

yeah right, they are doing things like this for the sake of generating false information while they are working behind the scene and taking all the opportunities to buy loads of cheap Bitcoin.

Elon Musk got his companies, they love sucking those money out from those poor and average types of beginners, those people who are affected of certained news about known personalities who are against to this market.

They've been played perfectly by those so called haters. Grin

Dewi89

full member

Activity: 840

Merit: 101

Quote from: nhaila on July 15, 2021, 02:22:06 PM

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

We saw the cover they really hate bitcoin for trying to lower its price and backstage maybe buy it at a lower price. Who is millionaire no.1 in the world, Elon Musk is also involved in crypto investing.

nhaila

sr. member

Activity: 993

Merit: 250

Moonbet.io

Quote from: ?? on ??

they hate but then they spend part of their investment to bitcoin

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

worldofcoins

sr. member

Activity: 1820

Merit: 418

Telegram: @worldofcoinss

Quote from: Betwrong on July 06, 2021, 03:59:48 AM

When you are wealthy, you automatically hate any changes and everything that might cause those changes. Millionaires want to maintain status quo forever, but, unfortunately for them, that's not how things work in this world. The wisest from them are aware of that, of course, and now actively buying BTC at low price.

Well, that's one of many reasons, Most of the millionaires spend their whole life to keep on making the same or more amount of money so that they don't have to bring low-status lifestyle. This is what I've seen with most of them.

Some are millionaires for their hard work and they reached that height doing a single work and bringing change to that work will lead to re-learn or master another skill to remain at the same height which is not desirable for each and every one of them.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

they hate but then they spend part of their investment to bitcoin

anyone in this world likes to see their money multiplying, even though most millionaires are still afraid to invest in bitcoin, they will sooner or later invest in bitcoin because they want to see their money increase a lot. Until a few years ago there were many millionaires who spoke badly of bitcoin, but today we are seeing a completely different scenario where some millionaires and billionaires already buy bitcoin and speak transparently on the internet that they bought bitcoin

conected

hero member

Activity: 1302

Merit: 503

Quote from: dansus021 on July 14, 2021, 09:59:21 PM

mostly they don't know about the technology or they still dont believe with unreal money i mean money that they can touch

millionaires will invest on stock or gold or other safe haven investment

- You really know the joke, the age of technology and business also applies a lot of advertising products and systems, saying that millionaires don't know about technology and being afraid to touch virtual products is a mistake, sometimes millionaires are one of the earliest contact groups, they have money and are one of the influencers, fundraising for such products always starts with millionaires. Safe havens are only one part of the many areas in which they invest, their diversification is relatively optimal

BlinkInDie

jr. member

Activity: 149

Merit: 1

They don't believe it's a scam, otherwise they wouldn't hate it. They hate it because it's a tool for 'common' people to get wealthy, outside of their little rich world.

A common people became millionaire when they bought BTC back in 2011-12. A common people became millionaire who believe in Binance coin and bought it back in 2017. Now, common people especially gamers will become millionaire in the next 2-3 years after they started playing AXIE or $ANRX after they monetize their game play.

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

mostly they don't know about the technology or they still dont believe with unreal money i mean money that they can touch

millionaires will invest on stock or gold or other safe haven investment

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: imstillthebest on July 08, 2021, 12:59:36 PM

Quote from: TopTort777 on July 08, 2021, 05:03:02 AM

This hate can be caused by fact that some people have worked hard their entire life, while others simply bought right asset at right time. I think that they are just jealous that other found simple and quickest way to get rich.

it take years before btc grow like this and investing in the early days is not easy .
btc investors do also put an effort to get what they have now . why would they be jelous but they can do the same and it was not too late yet to invest in bitcoins .

What he wants to say is they build their millions from the bottom up to the top like they are working hard for a decade just to be on top, they are learning a lot of things, they go to schools, they have big people to have connections then all of the sudden an ordinary man that bought a bitcoin then price spike up fast then they become a millionaire like if you bought BTC way back 2016 then you hold until now then that's kinda easy no struggles, just holding it or a couple of years without doing anything then you became an instant millionaire that's why I think those millionaire peoples got jealous and can't accept that they got their millions without effort`1

taufik0911

full member

Activity: 1274

Merit: 104

HEX: Longer pays better

they don't hate bitcoin but they wait for the right time when bitcoin is at the lowest price where they can get maximum profit
besides that they can manipulate the market easily and create panic or Fomo in a short time
they just sit still and wait, when the time is right they will enter and make the market panic because they have big capital

ROSERTY

member

Activity: 116

Merit: 11

Bitcoin is an investment currency with storage value. The number of Bitcoin is limited, and its scarcity feature makes it more valuable. Although its market price is relatively volatile, it has good investment value in the long run. Investing in Bitcoin brings huge benefits to investors and enables them to achieve wealth freedom. Millionaires don't want investors to make more profits than them through Bitcoin.
Bitcoin is still decentralized. It is not regulated and restricted by the government. It is completely in their own control of personal assets, so that they cannot profit from investors, which is not good for them.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: TopTort777 on July 09, 2021, 05:17:14 AM

Quote from: imstillthebest on July 08, 2021, 12:59:36 PM

Quote from: TopTort777 on July 08, 2021, 05:03:02 AM

This hate can be caused by fact that some people have worked hard their entire life, while others simply bought right asset at right time. I think that they are just jealous that other found simple and quickest way to get rich.

it take years before btc grow like this and investing in the early days is not easy .
btc investors do also put an effort to get what they have now . why would they be jelous but they can do the same and it was not too late yet to invest in bitcoins .

What kind of effort BTC investors put? Buy from a newbie miner in 2014, wait for 4 years and multiply your investment 66 times?
How a regular millionaire looks like? A guy who worked tens years to develop business. They don't just buy, sit and wait. Look at Forbes billionaire list. None of them sit on their asses and wait till their company and capital grow by itself. They are jealous that other got everything more easy. They are jealous that someone believed and crypto and they not.

Maybe there are such people among millionaires, but I don't think there are many of them. Imagine, you are rich and prosperous, but you are not enjoying your life in full, instead you've decided to poison it with hatred towards something. I could understand if that hatred is directed towards what you think is morally wrong, but simply hate someone for being more successful than you? Idk, I don't think there are a lot of such cases. You can see such people quite often in bad movies, but rarely, if ever, in real life.

azharul91

jr. member

Activity: 40

Merit: 1

We know that Bitcoin is the best valuable digital coin in the cryptocurrency world. Because we know that it's the king of cryptocurrency market.We also know that Bitcoin price is very prefer than others coin.But someone or some millionaires heat Bitcoin. Because they thinks that gold is the best valuable things for them.But we believed that Bitcoin is very prefer coin in the cryptocurrency market.So i trust that in future it's will be nearest gold.

Topic: Why some millionaires hate Bitcoin? - page 7. (Read 2823 times)