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Author Topic: Bitcoin: The Money of the Rich and Influential?  (Read 4260 times)

Offline Quart

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #15 on: February 02, 2021, 11:28:03 PM »
Every decision will always require risk. And as in this, if Bitcoin becomes the real money and trusted globally it really has reached the goal of BTC itself. However, can it be? Some countries may still ban BTC as payment. Moreover, we know that BTC is volatile so its value will be also always fluctuating

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #15 on: February 02, 2021, 11:28:03 PM »

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #16 on: February 03, 2021, 02:15:26 AM »
Only those who have a lot of money invest in Bitcoin. The lower class people never invest in Bitcoin. There is a lot of risk involved in investing in Bitcoin. Suddenly, the Bitcoin market can be dumped and a lot of money can be lost. But those who have money are not afraid to invest in Bitcoin in the hope of making a profit.
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Offline arnold dudicove

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #17 on: February 03, 2021, 11:01:49 AM »
Only those who have a lot of money invest in Bitcoin. The lower class people never invest in Bitcoin. There is a lot of risk involved in investing in Bitcoin. Suddenly, the Bitcoin market can be dumped and a lot of money can be lost. But those who have money are not afraid to invest in Bitcoin in the hope of making a profit.

I agree with you. Bitcoin trading contains a high level of speculation. And it can only be played by people with above average wealth. So it will definitely be difficult to reach people with a mediocre economy ...
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Offline Azaleea

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #18 on: February 03, 2021, 12:31:51 PM »
It would have been nice if Bitcoin can be the money of the masses or the people -- ordinary guys like you and me. However, we know that this is not the case as right now many are looking at Bitcoin as something to be exorbitant already and can be beyond the reach of people on the streets (though of course anybody can buy Bitcoin at any amount).

The recent bull run had been possible largely to the coming in of the institutional money into the Bitcoin universe. I am just wondering...do you think that many years from now Bitcoin is largely on the hands of the rich and the influential? And do you think it would just be fine with this kind of a dynamic?
I think so. Bitcoin will only be owned by a community of wealthy people, and it is difficult to reach by those with mediocre economies. How not, the price of bitcoin is currently exorbitant and still growing, so only those who have a lot of money can afford it

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #19 on: February 17, 2021, 02:37:46 PM »
If Bitcoin were in the hands of ordinary people like us, it would be much better.  But Bitcoin is never in someone's hands or under someone's own control.  Because Bitcoin never goes under anyone's control.  So in Bitcoin I think the big rich people don't just buy Bitcoin, ordinary people like us can buy Bitcoin according to their ability.

Offline Angel jara

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #20 on: February 17, 2021, 03:18:13 PM »
At present all the influential and rich people in the world are involved in the cryptocurrency market. They always trade bitcoin in the cryptocurrency market. The price of bitcoin is determined based on the purchase and sale of bitcoin. These influential people are the reason why the price of bitcoin rises in such a way.
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Offline Galaxy

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #21 on: February 17, 2021, 03:43:56 PM »
As cryptocurrency is able to make a sudden noise, we have to keep in mind that its risks are very big. At present, the price of Bitcoin is very high. And small traders like us can't buy.

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #21 on: February 17, 2021, 03:43:56 PM »


Offline Rakin343

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #22 on: February 17, 2021, 03:57:36 PM »
Actually is very true.  Bitcoin is actually influencing the influential people. Those who have a lot of money today are holding on to buy Bitcoin and they have become a lot of money today. Poor people like us can't afford to invest in Bitcoin so we can't expect anything from Bitcoin.  It's good that we just have to look but can't taste it.  But many people who have a lot of money at this time have invested in buying this bitcoin.  And if the price of Bitcoin rises further, it will be seen that they are becoming the owners of a lot of money.
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Offline kent47400

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #23 on: February 18, 2021, 11:18:43 AM »
Bitcoin is for everyone's equality because Bitcoin was created in a decentralized way and anyone can own it.
I'm not sure if Bitcoin is only for the rich and it doesn't deserve to be mentioned in this forum as a friendly forum for all its members.
To get Bitcoin, we have to search by bounty or by airdrop and that is freelance work for everyone. Cmiiw
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Offline arnold dudicove

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #24 on: February 18, 2021, 11:52:41 AM »
Bitcoin is for everyone's equality because Bitcoin was created in a decentralized way and anyone can own it.
I'm not sure if Bitcoin is only for the rich and it doesn't deserve to be mentioned in this forum as a friendly forum for all its members.
To get Bitcoin, we have to search by bounty or by airdrop and that is freelance work for everyone. Cmiiw

Indeed, there are no specific restrictions and criteria for owning bitcoin. The key is money, you have enough stock or not. And the fact that prices are getting more and more inflated will certainly be a problem for those who have a thin stock of money ...
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Offline Azaleea

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #25 on: February 18, 2021, 12:27:49 PM »
I see this as a great opportunity to turn people with limited wealth into quick riches. By holding bitcoin for a while, the opportunity is wide open. But it only works for those who already have bitcoins in their pocket.

Offline eldial

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #26 on: February 18, 2021, 12:58:58 PM »
Of course the money of the rich so very influential because all things he  want can buy and it is so very respective in all the country according to there business like in the the cryptocurrency can invest big amount of money.
e]
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Offline Sharelock

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #27 on: February 18, 2021, 01:15:03 PM »
do you think that many years from now Bitcoin is largely on the hands of the rich and the influential?
Not only rich people have an influence on the price of bitcoin, but those who are not rich will only have a little money if they buy bitcoin and hold it without selling it, surely the price of bitcoin will rise high.
However, the rich are very influential on the current surge in bitcoin prices. When an investor buy bitcoin with a value of $ 1.5b and at that time the price of bitcoin soar


And do you think it would just be fine with this kind of a dynamic?
No one will ever know that all of this will be okay or not. Because basically the price of crypto or bitcoin is very volatile, you can't guess.
But if bitcoin is legalized in a country as a transaction tool, chances are that it will be fine
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Offline UNIVERSE

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #28 on: February 18, 2021, 11:28:47 PM »
It is actually not only about Bitcoin but also all things in the world. Being rich and influential can be searched and we can be them because we know that rich men and also influencers with high followers will be also the first-rate we want to follow the trend.

Offline CriptoLH

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Re: Bitcoin: The Money of the Rich and Influential?
« Reply #29 on: February 19, 2021, 05:30:10 PM »
Bitcoin is for everyone's equality because Bitcoin was created in a decentralized way and anyone can own it.
I'm not sure if Bitcoin is only for the rich and it doesn't deserve to be mentioned in this forum as a friendly forum for all its members.
To get Bitcoin, we have to search by bounty or by airdrop and that is freelance work for everyone. Cmiiw

Indeed, there are no specific restrictions and criteria for owning bitcoin. The key is money, you have enough stock or not. And the fact that prices are getting more and more inflated will certainly be a problem for those who have a thin stock of money ...
Now it is very expensive to buy bitcoin for ordinary people at $ 50,000, only very rich people and corporations can afford to buy it for such a price. If bitcoin is recognized in the world more as a means of payment, then perhaps it will be available to anyone regardless of their income.
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