Notes

The dizzy Bitcoin price rise: Time to get rich quick or get out

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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://miro.medium.com/max/9216/0*8fM73IhZ3f5A7BZq" alt="Bitcoin: Is It a Good Long Term Investment? - SGMoneyMatters"><span style="display:none" itemprop="caption">Bitcoin Probably Won't Make You Rich - Good Times Santa Cruz</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.dcforecasts.com/wp-content/uploads/2020/11/Cryptocurrencies-to-look-in-2019-Blackwell-Global-Professional-Tradi...-2-1024x494.jpg" alt="Can Bitcoin Still Make You Rich? - Coinfomania">&lt; This Is Cool ="display:none" itemprop="caption"&gt;The rich get richer, the poor get Bitcoin - Bradley Rettler » IAI TV
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<h1 style="clear:both" id="content-section-0">The 9-Minute Rule for There may now be as many as 100,000 bitcoin millionaires<br></h1>
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<p class="p__0">(See also: The 6 Essential Cryptocurrencies Other Than Bitcoin) According to bitinfo, which tracks the total number and value of bitcoin addresses, 75% of addresses are home to less than 0. 01 bitcoin, and 97. 54% have a balance of less than one bitcoin. So at its current cost of $10,100, three-quarters of bitcoin addresses are worth just over $100.</p>
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<p class="p__1">0000106%. And in financial terms, the bitcoin millionaire buzz is more a fuzz. Simply 0. 07% percent of addresses deserve more than $1 million whereas 74. 5% of addresses are worth less than $1. So when Erik Finman, the 18-year traditional drop-out informed CNBC he ended up being a millionaire by investing cash from his grandma into bitcoin, there's no requirement to feel foolish.</p>
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<h1 style="clear:both" id="content-section-1">See This Report on How to get rich off bitcoin — or lose it all while trying - Chicago<br></h1>
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<p class="p__2">How it compares to U.S. stocks? If bitcoin isn't making you rich, then the record stock market rates must be best? Once again, not actually the case. While concentration of wealth in U.S. stocks is nothing compared to cryptocurrency markets, the diminishing number of individuals gaining from the bull market paints a pretty clear image of the overall possession concentration in the U.S.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://media.vanityfair.com/photos/6037ddb857f37ea4415256f3/master/pass/bitcoin-bubble.jpg" alt="6 Reasons Buying Bitcoin Will Make You Rich - by Reza Kunimoto - Medium"><span style="display:none" itemprop="caption">Can Bitcoin Mining make you Rich? - Crypto Reforms - All About Crypto</span>
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<p class="p__3">However, the decade-long bull rally is making fewer Americans wealthy. According to New york city University teacher, simply 13. 9% of Americans straight own stocks, and the bottom 60% of U.S. homes own just 1. 8% of stocks. And just like bitcoin, ownership is highly focused with the leading 1% owning more than 40% of stocks.</p>
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<h2 style="clear:both" id="content-section-2">Everything about What Will Be the Next Bitcoin? - GreedyRates.ca<br><img width="469" src="https://i.ytimg.com/vi/_wlHvOzOIqk/maxresdefault.jpg"><br></h2>
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<p class="p__4">Nevertheless, reddit threads and chat rooms remain clustered with lovers. But do not be deceived, there are just 166,853 addresses worth more than $100,000. In other words, 0. 05% of Americans have slightly less than the average U.S. home earnings in bitcoin. Minus tax. Minus transaction costs. And with the recent slide in the price of bitcoin this little area of society might end up being less affluent.</p>
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