Community Forex Questions
Who got rich on bitcoins?
Bitcoin holders made astronomical profits in 2017. Those who have earned a fortune on bitcoin are primarily young entrepreneurs who saw bitcoin's enormous potential. They once invested in a fledgling cryptocurrency and have since raised their stake several times over.
According to blockchain.info, the Bitcoin exchange rate reached a year high of $437 on Wednesday, November 4. According to the Financial Times, anyone who wanted to join MMM had to buy bitcoins and then transmit them to other network members as "mutual help." They were meant to repay 30% of their worth in exchange, as well as bonuses for shipping bitcoins and publishing information about it on the Internet.
"Today, October 31st, Trader got a 20% benefit and incentives totaling $7.75. "Trader was truly persuaded of MMM's excellence and the honesty of all members," the publication quotes one of MMM's Chinese participants, Wen Qiang.
In August 2015, the media reported that Sergei Mavrodi, the architect of the Russian financial pyramid "MMM," had created a "social financial network" in South Africa. Simultaneously, the first post on the official MMM South Africa Facebook page was posted in January 2015. According to the project website, this network is not a pyramid, but rather a community of ordinary people who support one other for free; the initiative's purpose is "not to reap profits, but to abolish the contemporary unjust financial system."
According to blockchain.info, the Bitcoin exchange rate reached a year high of $437 on Wednesday, November 4. According to the Financial Times, anyone who wanted to join MMM had to buy bitcoins and then transmit them to other network members as "mutual help." They were meant to repay 30% of their worth in exchange, as well as bonuses for shipping bitcoins and publishing information about it on the Internet.
"Today, October 31st, Trader got a 20% benefit and incentives totaling $7.75. "Trader was truly persuaded of MMM's excellence and the honesty of all members," the publication quotes one of MMM's Chinese participants, Wen Qiang.
In August 2015, the media reported that Sergei Mavrodi, the architect of the Russian financial pyramid "MMM," had created a "social financial network" in South Africa. Simultaneously, the first post on the official MMM South Africa Facebook page was posted in January 2015. According to the project website, this network is not a pyramid, but rather a community of ordinary people who support one other for free; the initiative's purpose is "not to reap profits, but to abolish the contemporary unjust financial system."
Several individuals and early adopters amassed significant wealth through Bitcoin's rise. Satoshi Nakamoto, Bitcoin's anonymous creator, is believed to hold around 1 million bitcoins, worth billions at its peak. Early investors like Cameron and Tyler Winklevoss, known for their legal battle with Facebook, purchased Bitcoin when it was under $10. Their holdings reportedly made them among the first Bitcoin billionaires.
Tech entrepreneur Roger Ver, often called Bitcoin Jesus, also became wealthy by promoting and investing early. Barry Silbert, founder of Digital Currency Group, profited through Bitcoin investments and cryptocurrency businesses. Additionally, early miners like Gavin Andresen accumulated significant holdings when mining was less competitive.
Many profited by recognizing Bitcoin's potential early, holding through volatility, or launching related ventures.
Tech entrepreneur Roger Ver, often called Bitcoin Jesus, also became wealthy by promoting and investing early. Barry Silbert, founder of Digital Currency Group, profited through Bitcoin investments and cryptocurrency businesses. Additionally, early miners like Gavin Andresen accumulated significant holdings when mining was less competitive.
Many profited by recognizing Bitcoin's potential early, holding through volatility, or launching related ventures.
Jun 10, 2022 16:09