You're not wealthy yet, so you're not allowed to be wealthy - page 23.

haroldtee

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Quote from: mrcash02 on February 02, 2018, 07:16:19 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.

I had no idea there has been any serious rule like that. I actually thought the OP was referring to a general life rule. However, our society and nature normally has always given the richer dudes the chance to get even richer, so there is no point dragging this anyway. The rich have the funds to invest more into any opportunity and they obviously will keep getting richer, while we the little guys down there just have to live with that or probably try hard and smart to get up there as well. The world generally is not fair, so you have to make it fair for yourself which is why you just have to GET RICH OR DIE TRYING. Keep working smart and may be you will get there.

With respect to ICOs, I have seen a lot of them having a limit to what you can invest so far, though not that bad for investment compared to the real world, but for a common man who may not have at least $200 to spare and risk, I guess I feel where the OP is coming from, so at the end, the poor ones are left out anyway and like I said, this should even stir the poor ones up the more, to keep persevering, being diligent in their doings, and smart as well, who knows? the opportunity to be wealthy may just surface one day.

wuvdoll

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Quote from: TheGodFather on February 05, 2018, 03:19:49 AM

Quote from: AspiePhil on February 02, 2018, 05:37:15 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 know for a fact that this is not only limited to the wealthy people and there is nothing that prohibits people from joining this ICO even if they are not. I refuse to believe that only the wealthier can get rich and I think that its really up to us in how we manage pur resources and how we can be able to maximize all that we can earn can dictate whether we can join the upper echelons of society

All the investments programs are not only meant for wealthy people as even the people will not risk all their money in one single time. So we cannot climb wealthy people are getting wealthier due to investment oppertunities.

We need to note here ICOs are also providing opportunity to earn their tokens/coins for free of cost by participating in their different campaigns. We do not need to spend any money to contribute in their ICO in this way. So, how we can call it only wealthy people are getting wealthier. In my opinion it is completely meaningless as I am in real life experiencing this because I'm hating investing into new projects but I love social media campaigns.

TheGodFather

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Quote from: AspiePhil on February 02, 2018, 05:37:15 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 know for a fact that this is not only limited to the wealthy people and there is nothing that prohibits people from joining this ICO even if they are not. I refuse to believe that only the wealthier can get rich and I think that its really up to us in how we manage pur resources and how we can be able to maximize all that we can earn can dictate whether we can join the upper echelons of society

Tharel

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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.

JMD07

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Quote from: AspiePhil on February 02, 2018, 05:37:15 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

That's the reality. Life is not equal. Being a poor you must need to do more than to prove that you are intelligent enough to be in the society of rich people.
In the ico, the rich people are always a priority to the organizers while the poor people can only join if the hard cap is not yet reach.

mickeybuddy27

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Quote from: ratnaantiqu3 on February 03, 2018, 05:14:34 PM

Is there an ICOS regulation that mentions rich people who can join ..?
I think no, I mean They work hard for it and it's up to them how they will accumulate more money they have.
After all, if the rich, do not want to work. because everything is there
Everyone who works is a sign of the poor, still want to enrich themselves.
If we dare to take a big risk in our lives not always poor will always be poor.
all about the fate of the bet.

I agree. There is no use to discriminate those who are poor. Poor people have the ability to be rich through their hardwork, patience, and sacrifices. Not all rich people are rich because they already born with gold spoon on their mouth. They also start with nothing to have anything. They work on it as we work for our own to have wealth.

ratnaantiqu3

newbie

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Is there an ICOS regulation that mentions rich people who can join ..?
I think no, I mean They work hard for it and it's up to them how they will accumulate more money they have.
After all, if the rich, do not want to work. because everything is there
Everyone who works is a sign of the poor, still want to enrich themselves.
If we dare to take a big risk in our lives not always poor will always be poor.
all about the fate of the bet.

stompix

legendary

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Blackjack.fun

Quote from: AspiePhil on February 02, 2018, 05:37:15 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

Then start an ICO of your own with a new mechanism.

The less money you put in the more stakes you get! Break those obsolete rules of society!

I feel like there is a slight problem with it but I'm pretty sure you are going to fix it if you put your mind to it. Doesn't matter that it hasn't work in all human history, you'll do it!

Quote from: styca on February 03, 2018, 08:41:51 AM

Rich get richer, yes. Most societies are run in this way. I'm from the UK, and the "Prime Minister" is essentially the CEO of UK PLC. The country is run like a business, even the national health service is being moved into private hands, so that the rich can asset strip and provide the bare minimum of service whilst paying huge dividends to their friends. Everything is geared towards making sure that the rich keep their wealth. Even taxes are optional if you are rich enough.
This is why bitcoin is so important.

And what is Bitcoin going to change ? What will be different if you switch from the sterling to BTC ?

Quote from: hase0278 on February 02, 2018, 07:00:31 PM

But looking at the big picture, they have gained massive profit because they risked a lot of money and if the ICO they invested into fails, then they also have bigger loss. What I mean to say here is that it is only fair for it to be that way they didn't get their money out of thin air right?

You don't understand his frustration!
When rich people gain money from investing, they are damn bastards because they make money.
When rich people lose money in an investment, they are damn stupid bastards because they are losing money.

styca

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Rich get richer, yes. Most societies are run in this way. I'm from the UK, and the "Prime Minister" is essentially the CEO of UK PLC. The country is run like a business, even the national health service is being moved into private hands, so that the rich can asset strip and provide the bare minimum of service whilst paying huge dividends to their friends. Everything is geared towards making sure that the rich keep their wealth. Even taxes are optional if you are rich enough.

This is why bitcoin is so important.

bhadz

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Payment Gateway Allows Recurring Payments

What? Where did you got this idea that people who are wealthy are the ones that can join ICO's? There's no such as accredited investors, you don't need any permission or status or you don't need to be verified just to be an "accredited investor". If you are willing to invest and you have the fund then you can invest and you can be labeled as an investor. You are understanding those quotes you mentioned in a wrong manner, anyone who's dreaming and working for his goal is qualified to be a wealthy one.

BabyBoss

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Quote from: AspiePhil on February 02, 2018, 05:37:15 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 think about this, that this is not true that there are some ICOs implement this. If some ICOs do this kind of strategy well they will never become successful. People are worst when they think about this. Because as long as you have money you have the opportunity to invest. Wealthy persons are not only the investors but there are many too. I think this will never be happen since ICOs is open for all of us who wants to invest in it.

Destnhel

newbie

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Your social status should never decide for your future. If your still not rich nor wealthy, it doesn't signifies that you are not allowed to be one. Lots of wealthy people start with nothing until they gain everything. Don't let society dictate what you should do.

Ravenangel

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What kind of saying is that? Everyone is entitle to be rich if given a chance to be wealthy by chance or by mean. If BTC can help one to be wealthy why not? This is a free world, no one can touch you if you want to pursue your dreams and become wealthy. You will the one to work hard anyway so just go on and have the moves to express yourself outside and advertise the good deeds of entering bitcoin world. At the end of the day you will the one to collect and savor the fruits of your hard labor. But if you think of getting wealthy without any work, I think it is another story.

krishnapramod

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Filecoin was such an ICO and there would be more ICOs tailor-made for the rich only, accredited investors. IMO such ICOs no matter how good their project and potential is, it would be a medium for the rich to get richer. Majority of the ICOs have no restrictions, works on the principles of free market, global participation, and decentralization. As far as you do your due diligence and invest into a sound project for either making a short-term profit or into the long-term development of the project, irrespective of wealthy or not, you will still make some profit. It's more like ICOs are making an average person rich.

Quote

ICOs that are considered to be securities offerings that are not registered with the SEC can only be offered to accredited investors in the United States. However, some ICO providers opt to skirt this issue by not offering their ICO to American investors or to investors from countries with American-style securities regulations, like Hong Kong or Singapore.

https://www.bitcoinmarketjournal.com/ico-investment-strategy

Shanmatthew

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It's not appropriate to stop people from wanting to be wealthy. It's like removing their will to live. There's a saying that, if you were born poor, it wasn't not actually your fault, but the moment that you die still poor, that when it will be your fault.

Whether you are already wealthy or not, everyone deserves to be one. Aa long as they can handle it in a proper way.

cipher-x_09

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I don't there is such certain rules and laws regarding the one's you are saying because everybody can be riched even if they are not born to be rich, because if there is a rule for such then are we not allowed to invest on our own, are we not allowed to be promoted for the best things we do at our job, and are we not allowed to established on our own. Basically it's all about putting on a great mindset.

jinxing

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Why not ... dibitcoin this community given the opportunity to develop life for the better. In this bitcoin do not see rich or poor which is very important and willing to work hard. In addition to the knowledge in the field. With our efforts will be more advanced and life will be more focused.

masterchief001

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Quote from: AspiePhil on February 02, 2018, 05:37:15 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

Why is that so? I do not completely agree. You may not be rich yet which means you are not rich. Currently I am still poor but I try to work. The future I will be rich is the rich in society.

Bobby park

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Quote from: Jikalau on February 02, 2018, 07:34:43 PM

Quote from: Hamphser on February 02, 2018, 06:30:04 PM

Quote from: Nhebu on February 02, 2018, 06:14:31 PM

Quote from: Ranly123 on February 02, 2018, 05:41:46 PM

Quote from: AspiePhil on February 02, 2018, 05:37:15 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

Really? Is there a rule that implies what you have said? Is there any link and proof about your accusations. It is not about being wealthy or poor to invest in ICO as long as you have the resources to invest and buy tokens in ICO then you are always allowed to invest.

He did not say that the requirements to participate ICOs are being wealthy. In our society there is no proper allocation of wealth. We are all in a capitalist economy where in fact, poor will become poorer and rich become more wealthier. Just imagine that you have nothing and you knows a lot in cryptocurrency, what will you put in ICOs? So, be practical. World is full of unequality and to avail wealth you need to sacrifice. Wealthy person are lucky, they are born to become superiors. They can buy what they want and get what they don't have without thinking for a great loss.

Equality cant really be seen as long there are people who are on the top they do really have the advantage on anything since we are talking about ICO investments then they do really have the edge since they are capable on any actions been made according to it.They would really earn even more money since they do risk big unlike on average joe which do only put up small amounts so its normal to think off on what would be the outcome. This is always been part of this sad reality.

if we dare to take a big risk in our lives not always the poor will always be poor. you do not complain to be born poor but regret is dead in a poor state. because not always rich will always rich and the poor will always be poor if you want to work hard and try then the road to success will always be wide open.
because the road to success is not just in one place there are still many ways that we can be successful. now depends on each of us whether we dare to take big risks and change our lives for the better / worse or just stay on the spot.
equality will never be seen among humans except in the presence of the creator. because every human being is equal before the creator.

Some people who are risktaker falls under depression. They underestimated what life is, but how we will become successful if we are not going to risk? Our life is a matter of sacrifices and luck. We do not deserve to become successful if we did not undergo from different failures.
The truth of our society is that, in order to be part of the world you must prove to them that you can reach your dreams.
ICOs is made in a fairly system, everyone of us has the right to be part of it. As long as there is an opportunity, we need to grab it. It is better to know your failures than to quit trying those things. Failures are the first step to success!

CHENIEN

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Decentralized Ascending Auctions on Blockchain

ICO'S system are free to access even you are poor or rich person, as long as you can understand international laguage, many poor people today are educated already, and they can easily understand specific method on how to access different businesses that involves initial coin offering. In this certain business many poor people became a rich because of their knowledge that they used, and even you are a poor person but you have enough strategies and ideas it is not impossible that you will become a rich person. We know that poor people cannot afford to invest large capital but what i mean is the knowledge are the main key to become a successful person.

Topic: You're not wealthy yet, so you're not allowed to be wealthy - page 23. (Read 2889 times)