Nobody owns any bitcoin (well basically nobody!)

[williamevanl]

I realized after giving a speech at work and talking it over with my wife that basically nobody owns Bitcoin. My wife wanted to throw money at an alt and made the point that Bitcoin is already 'really big' but I asked if out of the 100+ people she knows do any of them own Bitcoin. The answer is of course no. Even at my work which is a pretty technical environment my "who in the room owns Bitcoin" received no raised hands.

This isn't a negative post, I think adoption will happen and swiftly but its amazing how people miss the point that everyone involved right now is a super early adopter. There are 300 million Americans, what if everyone wanted one Bitcoin? Can't happen, everyone can't even have .5 or .25  bitcoins. When this goes mainstream the price is going to explode like nobody can imagine.

I think part of the issue is that people look at stocks and don't realize they split and see bitcoin as a 'stock' price. If that were the case it would be more like a Berkshire Hathaway stock that goes to $300,000.

TLDR, if you own a single satoshi you own more bitcoin than anyone I've met to date.  

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[Parazyd]

Let's just hope everyone finally starts buying.

[HurricanOday]

A friend who told me about how he missed the first big jump because he didn't invest is how I learned of bitcoin. If he would have put in his 1k when coins were 5-10 or what ever they were he would have made a lot of money. I bought in and now have 8 coins at about 500 average making around 1k. He has 2 coins 

I have told 2 friends if they would have bought 1-2 coins when I bought my first at 420 then would have made around 2-400 usd already

[Swordsoffreedom]

It will still take some time for Bitcoin adoption to get to that scale
I think it was if everyone has 1 BTC then 21 million people would have it
A tenth of a Bitcoin means 210 Million people if it was divided to a mbtc 2.1 Billion etc.
So if it does go up to scale having even a bit would be quite a large amount in the long term.

[piramida]

would have made around 2-400 usd already

no they would not. you don't make anything unless you sell. once you sell, you are out of the actual value that bitcoin has which would be realized in several years.

[HurricanOday]

would have made around 2-400 usd already

no they would not. you don't make anything unless you sell. once you sell, you are out of the actual value that bitcoin has which would be realized in several years.

Though I agree with you, your post is speculation. What I was saying was fact and yes of course everyone will have to sell to make money, whether 5 or 5000$

[williamevanl]

I guess the point is, I will sell when I ask that same question in a room of 50 people and 25 people raise their hands. Until then, I'm just throwing away money.

[Divinespark]

Early yes, but unlike Berkshire which had a charismatic leader, btc has no recognizable face
This makes it hard for slightly less technical folks to trust the ecosystem

[Skele]

Thats why we need to start talking using mbtc rate which is currently 1 mbtc =0.630 usd so cheap!, that rate deletes the perception of being expensive..

[medUSA]

I realized after giving a speech at work and talking it over with my wife that basically nobody owns Bitcoin.

Yeah, none of my friends own any bitcoin. They seem to be interested in how it works, but never wanted to own any. Some say they will give it a thought but never bothered, others say is too much of hassle to set up a wallet even when I offered to give them some for free!

The fact is they don't need any bitcoin, so they are not interested

[sgbett]

I guess the point is, I will sell when I ask that same question in a room of 50 people and 25 people raise their hands. Until then, I'm just throwing away money.

/insert [at that point you won't need to] meme

[Skele]

We are still at early stage, we can see this two images to know a little more.

[acs267]

Everyone can't have gold or platinum either. Everyone can't have diamonds. Bitcoin is a scarcity. Some people have to deal with it, and move on. Even if it seems like a wrong percentage.

Thats why we need to start talking using mbtc rate which is currently 1 mbtc =0.630 usd so cheap!, that rate deletes the perception of being expensive..

Yes, because that's very useful saying that, huh? Using mBTC as a short cut, when you could clearly use BTC?

[CEG5952]

Most people are laggards. They aren't likely to start using bitcoin until it has a firmly embedded infrastructure and really catches on with financial institutions and superior UI apps. Right now, it's simply difficult to even buy them, or to know which bitcoin exchanges are trustworthy.

[calmindifference]

Early yes, but unlike Berkshire which had a charismatic leader, btc has no recognizable face
This makes it hard for slightly less technical folks to trust the ecosystem

[MonadTran]

Let's just hope everyone finally starts buying.

Let's rather do something, or say something. I mentioned Bitcoin a couple of times to my co-workers, bought a Bitcoin T-shirt, now one of them owns one bitcoin. It's kind of not much, and it took some time to get the guy interested, but it's still something.

[Torque]

Let's just hope everyone finally starts buying.

Let's rather do something, or say something. I mentioned Bitcoin a couple of times to my co-workers, bought a Bitcoin T-shirt, now one of them owns one bitcoin. It's kind of not much, and it took some time to get the guy interested, but it's still something.

When bitcoin price explodes upwards and does another 5x-8x, that guy will be like "Damn, you were right!" And then when it settles 2x-3x times higher than what he bought it for, again he'll be like "Damn, I shoulda bought much much more." 

[dannyspk]

I think there's a reason why early adopters are called early adopters. Except the financial gurus, whoever sees an opportunity earlier than everyone deserves to get rich IMO. And come on, who are we really kidding? "600 bucks for a currency. Are you kidding me? I'd rather buy the latest smartphone." These are the words of my gym buddy.

[TERA]

Most people don't own gold either and even the fiat savings of the average person is pathetically low - most are in debt.

[DubFX]

Same here...i met 1, one single person who owns few coins!