You're not wealthy yet, so you're not allowed to be wealthy - page 22.

Jaemouns

member

Activity: 274

Merit: 10

Quote from: AspiePhil on February 02, 2018, 04:37:15 PM

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

My Friend be careful for what you have said because many bitcoiners in this forum was offended for what you have talking about.Just think first before you've written this post to avoid any conflict of the others.Just friendly advice.

Quidat

hero member

Activity: 2688

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: rickadone on February 06, 2018, 11:14:55 AM

Quote from: Tharel on February 04, 2018, 11:20:56 PM

It's not even a requirement in ico that you have to be wealthy first, i've known many who started in cryptos as poor and yet they become rich. Change your perspective so that you'll attract more positive vibes. Just have to be patient and do your job.

Well, back then it was easy to invest as little as few dollars into ICOs. Check around, things are changing now and most of them are gradually trying to eliminate those with few cash to invest. So it is either you are ready to risk a lot or not.

We cannot fight this, it has been there and everyone can decide to make the decision they want on how they want to run their company, therefore, the poor ones can look for an opportunity to work and earn it, at least which is an opportunity, rather than complaining about how the world is unfair. A lot of people had to work hard and pretty smart before getting to that spot of being wealthy.

People are like this who arent easily give up on this reality will mostly get their goals in the end. Working hard and investing smartly together with your experience and knowledge will really lead you there. Even though there are limitations or blockage because of those people but yet its not the reason for us to completely stop and just let them to give the chance on making money.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: Tharel on February 04, 2018, 11:20:56 PM

It's not even a requirement in ico that you have to be wealthy first, i've known many who started in cryptos as poor and yet they become rich. Change your perspective so that you'll attract more positive vibes. Just have to be patient and do your job.

Well, back then it was easy to invest as little as few dollars into ICOs. Check around, things are changing now and most of them are gradually trying to eliminate those with few cash to invest. So it is either you are ready to risk a lot or not.

We cannot fight this, it has been there and everyone can decide to make the decision they want on how they want to run their company, therefore, the poor ones can look for an opportunity to work and earn it, at least which is an opportunity, rather than complaining about how the world is unfair. A lot of people had to work hard and pretty smart before getting to that spot of being wealthy.

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: tiggytomb on February 06, 2018, 08:34:25 AM

Quote from: AspiePhil on February 02, 2018, 04:37:15 PM

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

I read that also that in the US only accredited investors are allowed to invest in securities and to be an accredited investor you need to hold a certain amount of wealth already, this just eliminates the little people from ever becoming wealthy and probably why society in these countries will always have the huge divide between rich and poor.

I can't remember where I saw this but it was in relation to the SEC shutting down arisebank, it was a linked document.

I do believe this thing is not only happening or can be seen on US alone but for sure on some countries globally do have that kind of restriction for those people who arent capable enough when it comes into engaging to investments. This is always been part of the reality on where rich people or do have financial capability would really have always the edge any among other people. Theres no equality on most cases.

Francissco12

newbie

Activity: 28

Merit: 0

I understand this point correctly, those of us who are not rich always live in a constant stress. Probably at this moment we are always observing graphs in case the values of altcoins or btc decrease, because we know how this affects our small investment, while they, the rich, if they lose an investment they would not really lose a lot of wealth, they could continue with their lives perfectly.

leonora galvan

member

Activity: 182

Merit: 10

Quote from: AspiePhil on February 02, 2018, 04:37:15 PM

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

nobody is perfect so don't hesitate the people who are not wealthy yet to join here in bitcoin because someday they will be an instant millionaire,this people have a patience in life to do hard working and soon they will be one of the wealthy people in this world.

tiggytomb

legendary

Activity: 1848

Merit: 1000

Quote from: AspiePhil on February 02, 2018, 04:37:15 PM

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

I read that also that in the US only accredited investors are allowed to invest in securities and to be an accredited investor you need to hold a certain amount of wealth already, this just eliminates the little people from ever becoming wealthy and probably why society in these countries will always have the huge divide between rich and poor.

I can't remember where I saw this but it was in relation to the SEC shutting down arisebank, it was a linked document.

etron

member

Activity: 182

Merit: 10

Quote from: AspiePhil on February 02, 2018, 04:37:15 PM

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

maybe you are right, but I think every ico should be supported by people who have a lot of money (rich investor) now I want to ask you if you want to establish a building whether it can with zero fund ?.

LuxBtc

newbie

Activity: 8

Merit: 0

I do understand this feeling man, As we see many many times ''market is made to take money from the many to give to the few''

Cryptos are the hope to those who didn't manage to get their share on the well established classic market..

pusa aso

member

Activity: 207

Merit: 10

Quote from: AspiePhil on February 02, 2018, 04:37:15 PM

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

i am joining bitcoin so that i could be wealthy someday so who told that if we are not wealthy we are not allowed to join that is very stupid suggestion,all of us have a chance to be wealthy if we will be a hardworking and have a patience in life so guys just be yourself and be practical for everything you do.

PalmerLaura

member

Activity: 116

Merit: 10

IPSX: Distributed Network Layer

Agree with TS. So much laws in different countries appear that only experiences investors can participate in ICOs. And I'm sure all the politicians, bureacrats are considered as "expereinced investors." It's 100% unfair.

Gabash

newbie

Activity: 138

Merit: 0

All people have freedom to be wealthy, but it's impossible because not all got lucky in this world. Speaking of reality and logically everything has an opposite. Whoever wishes to become wealthy must learn on how some several people became successful in their business or career. Not all rich people have the same power and authority just like a basketball team not all superstar.

Harlot

hero member

Activity: 1806

Merit: 672

Actually the statement you have said is hard to believe as from what I know and what I have experienced ICOs and even IPOs in the stock market are great ways for a poor person to become a wealthy man. There are no laws or discrimination when it comes to investing as literally anyone even the minors can imvest in everything. Believe me a lot of people became rich because of investing there money on something that appreciates.

yrrehc16

full member

Activity: 532

Merit: 101

Quote from: AspiePhil on February 02, 2018, 04:37:15 PM

The rule that only accredited investors, which means people who are already wealthy, are allowed to participate in certain ICOs is senseless imo. It's like saying "YOU'RE NOT WEALTHY YET, SO YOU'RE NOT ALLOWED TO BE WEALTHY." Stupid society, with obsolete rules, we're living in.

Disclaimer: I'm not a US citizen, and I've not read that law

Crypto was build to make the people have the equality with the money, Bitcoin the father of all bitcoin was created to give the people a nice way to hold a currency. if that is your statement, they are disobeying what Satoshi Nakomoto wants to have for the people of the world.

BroganBloodstone

full member

Activity: 322

Merit: 101

Quote from: mrcash02 on February 02, 2018, 06:16:19 PM

It happens with start-ups, only accredited investors can have access to it, because of it:

Quote

An investor is accredited if he or she has a net worth of at least $1 million. That doesn’t count the value of their primary residence. Another way to become accredited is to have income of at least $200,000 each year for the last two years (or $300,000 together with a spouse) and expect to make the same amount in the current year.

But I don't know if it has any relation with ICO investments. If so, it's a pitty, as Crypto Currency came to give everyone the opportunity to invest, doesn't matter if you have $100 or $1.000.000. Maybe OP should provide some link about it for us.

Trouble is slow ICO's are starting to move in the direction of selling out in private sale as it is easier for them to do this than to sell to many individuals. Really hope the best ICO do not go down this route.

zhea

full member

Activity: 560

Merit: 101

No, all people wanted to engage bitcoin are welcome to join bitcoin wether you are wealthy or not as long as you have the knowledge and ideas that you can impart on all the topics given and a chance to join campaign and earn maybe its a good start for you to be able to invest from the salary you get. In reality there is unequal distribution of wealth, mostly the rich have the power on everything specially when it comes to money matter so they become richer and the poor people become poorer. But for me as long there is an opportunity to become wealthy why not work with it harder to reach what we wanted in life.

ricardobs

hero member

Activity: 1204

Merit: 505

Quote from: Tharel on February 04, 2018, 11:20:56 PM

It's not even a requirement in ico that you have to be wealthy first, i've known many who started in cryptos as poor and yet they become rich. Change your perspective so that you'll attract more positive vibes. Just have to be patient and do your job.

No, everyone can invest, no matter your financial level. The thing there is that it is difficult for someone who is poor to invest in ICOs when they don’t even have the money. So the rich ones are those who get the opportunity and use it to get more rich. The poor ones just study and learn everything, but they still get anything. It’s just like it is in the world, poor people go to school, but finds it hard to get their favorite job (sometimes they get none) but the rich can get most of the things they want, without even going to school to study for it, just because they have the one thing they call Connection.

supermam

member

Activity: 209

Merit: 10

Anybody who have money can join ICOs there's no discrimination even thou your the richest or not there's nothing to do with the status in life even the poor one if they have money and want to invest why not.

zander09

full member

Activity: 546

Merit: 100

CryptoTalk.Org - Get Paid for every Post!

Quote from: Tharel on February 04, 2018, 11:20:56 PM

It's not even a requirement in ico that you have to be wealthy first, i've known many who started in cryptos as poor and yet they become rich. Change your perspective so that you'll attract more positive vibes. Just have to be patient and do your job.

I agree, being wealthy is not required to be rich first, not all people start that have money actually many rich people i know start without nothing, like in bounty if you participate you can earn coin or token, in real life you need to work hard to become a successful .

torch2121

member

Activity: 210

Merit: 10

The revolutionary trading ecosystem

Yes I'm not, yet. Soon. Never say no to steps on getting wealthy. Sow now and sooner or later I'll harvest it.

Topic: You're not wealthy yet, so you're not allowed to be wealthy - page 22. (Read 2919 times)