In 10 years, when BTC is mainstream what % of people will own 1 BTC

[Slingshot]

 
Re: In 10 years, when BTC is mainstream what % of people will own 1 BTC

answer is: less than 1%.


 So, it would only be prudent and sage to speculate as much as is affordable
to hold them long term. Even $40 speculated for the long term might prove
just as wise as investing in Warren Buffet's stock decades ago.

 It's just silly not to dip one's toes into at least some "bits" of a bitcoin.

 But it would seem much more wise if possible to own and retain sole
possession of at least a single, whole bitcoin, if possible.

 Dollar-cost-averaging ones way in is one of the wisest methods of venturing
into any investments, currencies included.

 Even as little as $40 placed into bits of a bitcoin could end up being worth
more than one could likely fathom in a single decade.

 Invest in one's future. Or be a fool. Diversify and hedge your investments.

 Pay yourself first by investing for your long term future benefit.

 And learn to NOT trust anyone else to retain control or possession of your
own bitcoins as soon as possible. i.e. Be Your Own Bank with your bitcoin(s).


Caveat emptor - let the buyer beware!
 

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[zadiume]

Indeed, if youve been here for a while and still dont own 1 btc.. you are doing it wrong.

[asdlolciterquit]

In 10 years, when BTC is mainstream what % of people will own 1 BTC

Not many. By then, 1 BTC will be so expensive it would be like purchasing a house.

dreams, dreams, dreams 

[OrientA]

In 10 years, when BTC is mainstream what % of people will own 1 BTC

Not many. By then, 1 BTC will be so expensive it would be like purchasing a house.

dreams, dreams, dreams 

Lets dream.

[kolloh]

This is an interesting question. If bitcoin becomes heavily adopted, many late comers won't have more than 1 bitcoin I think. However, bitcoin needs to survive for 10 years without anything replacing it and needs to become more common. Lets hope it continues on an upward trend.

[ihuntbtc]

In 10 years, when BTC is mainstream what % of people will own 1 BTC

Not many. By then, 1 BTC will be so expensive it would be like purchasing a house.

dreams, dreams, dreams 

Lets dream.

Value is made up of dreams.

Lets dream together.

[troisky]

Very little people will own 1 btc ever.

[logictense]

This is an interesting question. If bitcoin becomes heavily adopted, many late comers won't have more than 1 bitcoin I think. However, bitcoin needs to survive for 10 years without anything replacing it and needs to become more common. Lets hope it continues on an upward trend.

The whole process of distribution for the last year reinforces bitcoin state as nothing more than a Ponzi scheme. When the distribution is skewed very badly towards early adopters, they will have almost total control over the market. There are 47 individuals own 28.9% of the approximately 12 millions Bitcoins in existence so far and another 1000 own 21.5%, meaning that a slightly more than 1100 people control half of the entire market cap of the digital currency. And total about a million people own $10,000 or less worth. Those shareholders could manipulate arbitrarily. I think I'll keep my money elsewhere....

[bitcasino]

How will the distribution look like in 10 years?

in 10 years, let's say 1BTC = 10,000$ 
% of people having 1BTC = 20% in USA, 0.1% in the all world

August 3, 2012: 46% of senior citizens in the United States have less than $10,000 in financial assets when they die

[paradigmflux]

I hope i can retire with my btc, its my only hope, the rest is just depression and missery.

[leannemckim46]

This is an interesting question. If bitcoin becomes heavily adopted, many late comers won't have more than 1 bitcoin I think. However, bitcoin needs to survive for 10 years without anything replacing it and needs to become more common. Lets hope it continues on an upward trend.

The whole process of distribution for the last year reinforces bitcoin state as nothing more than a Ponzi scheme. When the distribution is skewed very badly towards early adopters, they will have almost total control over the market. There are 47 individuals own 28.9% of the approximately 12 millions Bitcoins in existence so far and another 1000 own 21.5%, meaning that a slightly more than 1100 people control half of the entire market cap of the digital currency. And total about a million people own $10,000 or less worth. Those shareholders could manipulate arbitrarily. I think I'll keep my money elsewhere....

First of all, this is not what a ponzi scheme is.

Secondly, as the price of bitcoin increases, the early adopters who have amassed a lot of bitcoin will gradually sell their bitcoin. Also as more bitcoin is distributed via block rewards the percentage of the total bitcoin that large holders own will decrease.

You also fail to make the connection between large holding of bitcoin and early adopters. Who is to say that some of these large holders are not independently wealthy and purchased a lot of bitcoin at current prices?

Lastly many of the addresses that have the most bitcoin "in" them are not held by individuals, but rather held by companies that hold bitcoin on behalf of others (mainly exchanges)

[OrientA]

The whole process of distribution for the last year reinforces bitcoin state as nothing more than a Ponzi scheme. When the distribution is skewed very badly towards early adopters, they will have almost total control over the market. There are 47 individuals own 28.9% of the approximately 12 millions Bitcoins in existence so far and another 1000 own 21.5%, meaning that a slightly more than 1100 people control half of the entire market cap of the digital currency. And total about a million people own $10,000 or less worth. Those shareholders could manipulate arbitrarily. I think I'll keep my money elsewhere....

These 47 individuals could include the exchanges.

There are many new coins out there, would you take the risk to invest in them?

[zimmah]

This is an interesting question. If bitcoin becomes heavily adopted, many late comers won't have more than 1 bitcoin I think. However, bitcoin needs to survive for 10 years without anything replacing it and needs to become more common. Lets hope it continues on an upward trend.

The whole process of distribution for the last year reinforces bitcoin state as nothing more than a Ponzi scheme. When the distribution is skewed very badly towards early adopters, they will have almost total control over the market. There are 47 individuals own 28.9% of the approximately 12 millions Bitcoins in existence so far and another 1000 own 21.5%, meaning that a slightly more than 1100 people control half of the entire market cap of the digital currency. And total about a million people own $10,000 or less worth. Those shareholders could manipulate arbitrarily. I think I'll keep my money elsewhere....

Oh, look, someone is making more profit than me, it must be a Ponzi.

Hint: look at the dollar. Who's making the most dollars in the dollar system?

Exaclty, the very few people with the exclusive right to create money.

Bitcoin has no such special privileges. Everyone has equal rights in bitcoin.

[BeeTeeSea]

About 0.05 if my calculations are correct.

[leannemckim46]

The whole process of distribution for the last year reinforces bitcoin state as nothing more than a Ponzi scheme. When the distribution is skewed very badly towards early adopters, they will have almost total control over the market. There are 47 individuals own 28.9% of the approximately 12 millions Bitcoins in existence so far and another 1000 own 21.5%, meaning that a slightly more than 1100 people control half of the entire market cap of the digital currency. And total about a million people own $10,000 or less worth. Those shareholders could manipulate arbitrarily. I think I'll keep my money elsewhere....

These 47 individuals could include the exchanges.

There are many new coins out there, would you take the risk to invest in them?

The 47 people could also include companies like second market that holds bitcoin on behalf of thousands of individuals, or web based wallets like circle, or the soon to be ETF (COIN) that will hold bitcoin on behalf of likely millions of investors.

[chairoverflow]

In the next 10 years price of BTC could rise over $100K and all the coins will be scattered much more widely than they are now.So ordinary people like us at that time will have a hard time to have 1BTC in hand compared to us now.Just my thought.

[jjacob]

Miniscule.
The distribution would be similar to the distribution of any other form of wealth.
A small minority holding the major portion of bitcoin.

[dzust]

1% of world population = 70 millions of people.

There will be 21 millions bitcoin , so more than 1 btc per person for 1% of population is not possible due to something called maths

So people going to have only few sats instead of bitcoin.
It is good to us

[chairoverflow]

Miniscule.
The distribution would be similar to the distribution of any other form of wealth.
A small minority holding the major portion of bitcoin.

Yeah those long term wealth investors.They won't even leave bitcoin alone.Well I can't blame them opportunity comes rarely.

[kittycatbtc]

There will always be people on top. You cant be the new Rothchilds (these are satoshi and the rest of early adopters), but, you can be the equivalent of a small time millonaire. The diference is, the system will not be rigged. There will be no Bernakles.