Only 21 Million people will ever be able to own one single Bitcoin each (in approx 123 years from now).
The beauty of Bitcoin is that you don't need to purchase a full coin for yourself at that price, you can buy fractions of a coin.

Compare it to Berkshire Hathaway Inc. (BRK-A), which is trading at about 268,000 USD today. Here you can only buy a full coin - sorry share. There is no way to buy fractional shares. Berkshire has issued some years ago class B shares (BRK-B), which trade at 178 USD. So these could be somehow compared to fractional bitcoins.

The average trading volume for BRK-B is around 3,113,631 shares a day

The average trading volume for BRK-A is around 338 shares per day
So even a single BRK-A share trades at a value of a very nice house, there is still a significant number of people who buy at these prices. The price per coin/share does not really matter.

Bitcoin is much more flexible as there is a finer granularity of fractional parts.

Total market capitalization of Berkshire Hathaway Inc. is a multiple of the current BTC market cap, so from that perspective BTC is still just a piss in the ocean on a global finance scale. Lots of potential if done right.

BTW: I love Warren Buffet, Charlie Munger and my grandfather, here is why:

When I graduated from University in 1985, my grandfather gave me the choice of two graduation presents:
a) 1000 US Dollars in Cash
b) 1 stock of Berkshire Hathaway Inc. (nowadays traded under ticker symbol BRK-A)

Option a) would have solved many of my dreams immediately and option b) had a caveat: my grandfather would only transfer that one share to me after exactly 10 years. As he was a wise man, I went for option b) plus a graduation beer at the local bar.

10 years later he gave me that one stock which stock value has multiplied 10 times to roughly 25'000 USD. I still hold that one stock today, which is now worth 268'000 USD as of time of writing this post. That is the only stock of BRK-A that I own, but I own many different assets that I gobbled up during my professional work life so far. So that one share framed my thinking about investing for the long term.

As I built my career in Information Technology and Finance, I am a strong believer in the potential of crypto assets and currency. So I made some 5 years ago a highly speculative diversification in buying some bitcoin and every quarter or so I bought some additional coins. My learning was that it does not matter whether you buy at 1$, 100$, 1000$, 4047$ or 10'000$, the key is that you buy and hold the stuff that you believe in.

Buffet and Munger might be right or wrong about Bitcoin and it does not matter for me. It is my life, my money, my risk, and my dream, and I give a s*** about what other people think.

As Paracelsus stated: "All substances are poisons; there is none which is not a poison. The right dose differentiates a poison and a remedy."
The same also applies to financial instruments and policies. Quantitative easing by the Fed done in the right dose is a remedy, done too much it is a dangerous poison.

Thinking that Crypto is the answer to all challenges is poison. Using Crypto to give the rest of the global population access to finances because they cannot have a bank account or no banks are operating is a remedy.

Bitcoin is not the answer to everything.

The best investment that you can do at your age is to get a good education. The best trade you can make is to trade leisure time for learning time. Mankind still progresses for many centuries to come and new investment opportunities come every year, month day.

You need to ask yourself what you would do when you make 100k$ profit from an investment or trade. 100k$ is not a lot and will not finance the rest of your life. Heck, even a million bucks is not enough to make it to the end.

Once you have a good education, a job that is both fun and well paid, then you always strive to live a life that is below your purchasing power. The money you save from not always purchasing the latest smartphone, nicest car, most prestigious house, etc you invest into assets with at least a 10 year horizon. That is the road to financial success - not trying to make a quick buck.

Again: if you are referring to Bitcoin Cash, the ticker is BCH, not BCC. Some people in this board really don't get it, or are simply to stubborn or resistant to education.

When in doubt about BCH, buy some more. The maximum loss is only 100% and the maximum gain is potentially very high. Only use as many dollars as you are "comfortable" to lose. Don't look at the day to day movement of your assets, be that stocks or crypto assets. If you don't have the guts to digest a temporarily 50% drop once in a while, you should not be in the investment or trading business. Look at the mid (1-2 years) and long term (3-10 years) horizon.

The fact that an AAPL stock is listed on the exchange is no threat for GOOGL per se. Both companies get their own investors and these are often the very same. Investing in both is like a hedge mechanism. Same with BTC and BCH.

What makes these people experts?
Who named them experts?

Experts predicted that Trump will not become president.
Experts predicted that Brexit vote would fail.
Experts predicted that the world would run out of oil by the year 2000.

I don't trust experts.

I declare most krypto assets in my tax return and pay property tax on it. Problem of not declaring it is when you convert large sums into fiat and that would have to be explained.

I must add that in my country private persons do not pay any taxes on capital gains. So the profit from resulting from buying at 100 and selling at 3000 is tax free.

You might eventually regret that at some point in the future. Should the market favor BCH over BTC then holding on to both coins would have beed a good hedge. You would then monitor the combined market cap of BCH and BCT. In the investment world you are never placing all your eggs into the same basket, but you did exactly that by selling your BCH and buying more BTC.

That depends on the perspective. The others argue that their version of Bitcoin is following the original Satoshi vision and that the BTC version of bitcoin is actually the alternative coin and the market and miners start do realize this. That argument can be supported by the high dollar transaction volume on BCH.

And even if that high BCH trading volume is a result from hodlers dumping their BCH for Fiat or BTC, remember that for every seller there is a buyer.

What makes you so sure? Many of the comments here about BCH read like religious hate propaganda. How do you know that the BTC religion is any better than BCH? Do you have facts or just beliefs?


One possible fact is that today, mining on BCH is 50% more profitable than BCT. Check on
https://cash.coin.dance/blocks
This fluctuates obviously hourly. My point is that it is not a question who is right or wrong, at the end it's decided by the market.

I vote for both and want to see a hard fork. Only then we will finally learn, witch chain of the bitcoin family works best for what use case (digital gold, vs digital currency, vs digital micro or nano payment)-

Like in world religions there does not need to be a clear winner, as all share a similar vision and common root. With peaceful coexistence of the various bitcoins, we all win.

I doubt that BitConnect (BCC) will ever overtake Bitcoin (BTC) or Bitcoin Cash (BCH).
BCC is today only on position 11 in crypto market ranking with a market cap of significantly less than 1 Billion Dollar.
https://coinmarketcap.com/currencies/bitconnect/

Why is it so fashionable in this board to refer Bitcoin Cash as BCC?

You doń't want to enter a buy order for BCC at a Crypto Broker as you would get BitConnect and not Bitcoin Cash. And potentally you would massively overpay you unwanted BitConnect purchase.

As an early investor into BTC with hodl strategy, I have now the same amount of BCH coins as I have BCT.

I actually could't care less about which coin will survive and how the rebalancing of the market capitalization between the two will evolve, as long as their combined market cap are growing over time.

Let me explain at the example of Google, where i am also an early investor. Some time back on April 3, 2014 Google has split their stock into class A (GOOGL) and class C shares GOOG).

Right after the split each holder received also received same amount of class C shares. At the beginning the stock price was for both were roughly the same. Over time the A shares consistently trade at a premium to the C shares. The difference is not large — perhaps 2% at most — but it is there.

While both shares are from the same company, they have different uses: Google plans to continue issuing C shares to finance acquisitions and reward employees.

So I view BTC and BCH essentially being the same, as they are based on similar concept and share a common history until August 1, 2017. The use cases are now however different.

I am amused by the bitter battle of thoughts and views there are from fans of either camp on who is right or wrong. That is childish or football fan culture at best. It does not matter and I absolutely do not care as an investor - I want both coins to succeed.

The market will tell over time which use case deserves a premium over the other.

So I expect that over the mid term (2-5 months) the market cap of both crypto assets will be almost the same as they have almost the same number of coins. If one use case is viewed to be more valuable than the other, then one side will start trading at a premium over the other.

This may true that most holders dumped their BCH. However, it is making a lot of gains and seems to be a viable alternative to BTC, especially for those who cannot or will not pay $4200 for one BTC. I can see BCH gaining a lot of ground on BTC by end of year. We'll see...
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Remember that even if previous holders dumped their BCH: for every seller, there is a buyer. Only other alternative would be to send BCH to an address in Nirvana and destroy the private key. I seriously doubt that all buyers of the dumped BCH have not been BTC hodlers/investors before.

Can someone please explain how this "pumping" actually is supposed to work?
How can a whale or any other party pump the price of an asset on a global scale across so many different exchanges?
As many posters are referring to "pumping", I hope that you can explain.

I have not realized a single dollar of profit yet. This is because I purchased approx two years ago a couple of dozen BTC and moved them to a cold wallet, which is stored in my bank safety deposit box. That prohibits me from reacting to any crazy movements of BTC as I would have to get my cold wallet from the safe first. So I am not touching my treasure and am enjoying the ride. I gave myself 5 years (3 to go) before I even think of realizing a profit.

That is also why I don't post a lot, to stick to my strategy of a buy, store, and steady hand.

Do you recognize that BTC will not be a good currency as long as it grows in fiat value thatmuch each year? No one with a sane mind spends this 'currency' today, when it is worth 10 percent more next month and at least double next year.

The Japanese economy had/still has the same problem with the deflationary environment.

So I see BTC not as a currency, but as digital gold. And with that, high transaction fees are not really a concern. Once BTC is stable and fluctuating only +/- 3% around say 100k for a period of 2-3 years, then it will be a real currency.