I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.
This is the analisis I made:
On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd
On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd
On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd
Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD
That is amazing.
I wonder what are the new rich people doing right know? have they realised that they are rich yet.
Many of them were already millionaries, they are just keeping their wealth safe in case fiat currencies plummet or an economic crisis takes place.
Can't help but agree. Save for the few adopters that believed in bitcoin and held to this day, I doubt many of these new rich have been in bitcoin for a long time. Even where I am, people are pretty much oblivious of this development, me just finding out December last year.
Like most things in life, with bitcoins, you need money to make money. Again, unless you caught wind of this much earlier, you probably wouldn't make a huge profit out of it. Not to mention that profit will come at the cost of future profits. Take money out now or hold it in the promise of more growth later is basically what many people are grappling with now.