Are we the "Berkshire Hathaway" stock holders of the future?

[pinksheep]

Im going to be so friggen old in 34 years

-B-

Me too; far too old to enjoy it  But I have no doubt if it succeeds, it'll not take 34 years to do it.

[bitcoinsrus]

Im going to be so friggen old in 34 years

-B-

Me too; far too old to enjoy it  But I have no doubt if it succeeds, it'll not take 34 years to do it.

You could put 2k a year in a IRA account and in 40 years you should be have tens of thousands to hundreds of thousands

[gentlemand]

I'll be a sprightly 72.

Other than potential matches in value at various points there's zero comparison between the two.

[TERA]

Bitcoin will never be as stable as BRK either.



If only btc looked like this, I would have no problem just hodling.

[podyx]

Bitcoin will never be as stable as BRK either.

Of course it will...
dont be silly

[LostDutchman]

Stability is exactly the issue.

Profit on the ups and downs.

My $.02.

[boumalo]

Bitcoin will never be as stable as BRK either.



If only btc looked like this, I would have no problem just hodling.

Bitcoin is new and growing but there are a lot of uncertainties so the volatility is high

The volatility will go down but the volatility hasn't been a huge problem for holders that made a lot of money

[wachtwoord]

Bitcoin will never be as stable as BRK either.



If only btc looked like this, I would have no problem just hodling.

It does look like BRK if you use the same time scale: the first few years of Warren Buffet's partnership. It rose exponentially, just like Bitcoin.

[JimboToronto]

Are we the "Berkshire Hathaway" stock holders of the future?

No, because Bitcoin is not a company and bitcoins are not shares. Bitcoin is a disruptive technology protocol.

Maybe you should have asked if we are the "TCP/IP" stock holders of the future.

[BittBurger]

Yes in 34 years I will be 73!

Bitcoin has therefore encouraged me to exercise more, get better sleep, and eat my veggies

But I agree.  I don't think the timescale for BTC hitting $200,000 will be 34 years.  If it happens, I see it happening in 1/3 that time.  Just because BRK is the 1885 locomotive of stocks and BTC is the 2014 technology of innovation.

If you think about it though guys - here's a stock.  BRK.  How many stock holders? 

Now think about Bitcoin.  How many possible users?   Its staggering what that could mean for all time high price of Bitcoin.

-B-

[Arghhh]

Five years and over a million percent rise since inception, let me know when Berkshire Hathaway can do the same in fifty years.

[wachtwoord]

If you think about it though guys - here's a stock.  BRK.  How many stock holders? 

Now think about Bitcoin.  How many possible users?   Its staggering what that could mean for all time high price of Bitcoin.

Lol that's not how it works 

BRK could be a private company having as little as a single owner and it's valuation wouldn't change (if anything It'd be higher). Bitcoin with one user is not worth anything really.

[Swordsoffreedom]

Im going to be so friggen old in 34 years

-B-

Me too; far too old to enjoy it  But I have no doubt if it succeeds, it'll not take 34 years to do it.

I would have to have quite the patience to wait 34 years and hold my assets the whole time securely
Hope its a bit faster than that

[boumalo]

Im going to be so friggen old in 34 years

-B-

Me too; far too old to enjoy it  But I have no doubt if it succeeds, it'll not take 34 years to do it.

I would have to have quite the patience to wait 34 years and hold my assets the whole time securely
Hope its a bit faster than that

34 years without any dividend can be hard but if you had x shares you can sell one once in a while and get some profit

[jubalix]

Owning berkshire means owning a slice of a huge conglomerate of profitable, growing businesses.  Owning bitcoin means owning an electronic numerical value that's guaranteed by the network.

Berkshire is a productive asset, bitcoin is effectively an e-commodity.  There is virtually no intrinsic value in bitcoin (it doesn't generate massive amounts of value for society).  Owning berkshire for long periods of time is investing (long-term profit and value growth), while owning bitcoin for long periods of time is speculating (believing the next sucker will buy a non-productive asset at a higher price than you).

Owning BTC means owning part of a system that can replace 50% Of what all banks do at least. Conservatively that is worth 500M~to 1T a year.

Think of the costs involved in securing the back end of the banks, banking branches, etc.

Then there is the cash side, the whole cash printing handling side of things is replaced by BTC that cost trillions a year to deal with.

This no intrinsic value is so often repeated but never actually thought about.

The number of IT consultant, systems, property, branches and all the costs and maintiance each year are huge.

[Torque]

If you think about it though guys - here's a stock.  BRK.  How many stock holders?  

Now think about Bitcoin.  How many possible users?   Its staggering what that could mean for all time high price of Bitcoin.

Lol that's not how it works  

BRK could be a private company having as little as a single owner and it's valuation wouldn't change (if anything It'd be higher). Bitcoin with one user is not worth anything really.

I think you completely missed BittBurger's point.  In the future, the number of bitcoin users will outnumber the number of BRK stock holders by many staggering orders of magnitude.  Right now we are at (maybe) ~1-2M bitcoin users, and that's worldwide.  To put this in perspective, I believe the total user base for World of Warcraft is something like ~8M worldwide (and that's for 1 obscure MMORPG out of hundreds of MMORPGs that only a small populous of the world actually cares about).  So we haven't even reached parity with the WoW crowd yet.

Hell, Facebook alone has achieved ~1.3B active monthly users in just 10 years, and that's without its users having any monetary incentive driving them to get involved and sign up.  And they aren't even in China, they're banned from it.



Notice too, that FB's biggest gains in users was the next few years just after the 1M users/month level.  I believe it took them 4 years prior just to hit the 1M user mark.

The bitcoin user base could eventually grow into the hundreds of millions, maybe even a few billion daily users, merchants, institutions, investors, etc. around the world.  It's the exponential growth and utility of the Bitcoin network that will give BTC it's total (purchasing) power and value, and it will grow at a much faster rate than BRK did.  Likely at the Facebook rate of adoption or so.

So yeah, $200K/BTC valuation is easily achievable one day.  I wouldn't be surprised if we saw that by 2018-2020.

[zimmah]

Bitcoin will never be as stable as BRK either.



If only btc looked like this, I would have no problem just hodling.

Such a shame bitcoin is not more stable

[Swordsoffreedom]

Well Bitcoin is not a really stable investment but most stocks/investments are not.
That said its always been a bit tricky for me to classify BTC as currency or stock and kind of label it in one category.

[Wandererfromthenorth]

If you think about it though guys - here's a stock.  BRK.  How many stock holders?  

Now think about Bitcoin.  How many possible users?   Its staggering what that could mean for all time high price of Bitcoin.

Lol that's not how it works  

BRK could be a private company having as little as a single owner and it's valuation wouldn't change (if anything It'd be higher). Bitcoin with one user is not worth anything really.

I think you completely missed BittBurger's point.  In the future, the number of bitcoin users will outnumber the number of BRK stock holders by many staggering orders of magnitude.  Right now we are at (maybe) ~1-2M bitcoin users, and that's worldwide.  To put this in perspective, I believe the total user base for World of Warcraft is something like ~8M worldwide (and that's for 1 obscure MMORPG out of hundreds of MMORPGs that only a small populous of the world actually cares about).  So we haven't even reached parity with the WoW crowd yet.

Hell, Facebook alone has achieved ~1.3B active monthly users in just 10 years, and that's without its users having any monetary incentive driving them to get involved and sign up.  And they aren't even in China, they're banned from it.



Notice too, that FB's biggest gains in users was the next few years just after the 1M users/month level.  I believe it took them 4 years prior just to hit the 1M user mark.

The bitcoin user base could eventually grow into the hundreds of millions, maybe even a few billion daily users, merchants, institutions, investors, etc. around the world.  It's the exponential growth and utility of the Bitcoin network that will give BTC it's total (purchasing) power and value, and it will grow at a much faster rate than BRK did.  Likely at the Facebook rate of adoption or so.

So yeah, $200K/BTC valuation is easily achievable one day.  I wouldn't be surprised if we saw that by 2018-2020.

Very good post, puts things in perspective.
I agree.

[socal]

Bitcoin will never pay dividends 

LIES!

Bitcoin DOES pay dividends its called "Tx Fees"

setup a node and start collecting