very interesting article.

How to get loads of bitcoin  http://bit.ly/2ylZWDe

Informative.....👍

The estimates I have seen say that there are about 20 million people who own some bitcoin (usually just a few dollars worth) and that less than 5% of those participating own over 95% of the Bitcoins which means that there are likely only 1 million people who own more than 1 Bitcoin.

haha the Jamie Dimons comic made me lol

Yeah well, they didn't take the risk so no reward. Wining about profits is silly. People didn't want to risk it so they aren't going to profit from them.

BTC wasn't some rich mans game in the beginning. Virtually everyone had the change to own BTC. 

First they say it's a scam. Now they come complaining that they didn't invested earlier. 

such a worthy post. Full of Learning. Thanks @jazminmillion.

I am one of the people that found out too late and now most likely I only will end up with a piece of a BTC and not a whole one. Which is okay.
Also pieces increase and thats what a lot of people seem to forget. No matter how big or small the investment, you can still make cash out of it

(It sucks being on board so late, but hey better this than never reaching the destinationat all

I heard about Bitcoin years ago, probably 2012 or so when I was 14 but did not even consider investing into it until 2016. Now that I look back on it I'm like damn it!!

What a nice article!

I just started with crypto's and I bought some altcoins wich are cheaper. Part because there is something pshycolical in spending 100$ and getting 0,000000something BTC, instead of 400XRP. ( I know this does not make *any* sense at all, but i guess this is a common thing among traders), the other main reason is I really don´t like buying anything that is peaking. I feel allot more comfortable buying assets that are oversold or way below their price. (Based on historical data).

I mean I *do* think BTC will get to unthinkable levels in the near future, and i probably kill myself  for not buying BTC @ 5000 USD within the next year or so, but I prefer buying in dips. I´d love to get into Steam for example, or buy more Bitshares.

If BTC would fall for a few weeks, showing resistance levels and strong price action, perhaps i´d enter.

I could be missing the boat yes, but on the other hand I find it hard to believe that BTC rockets all the way up to 100k withouth big reversals (like in 2015).


![BTC monthly.png](https://steemitimages.com/DQmafpgfpfCwNWBvELHPdFsCt6N6YgwArUan7dQvYgakpkY/BTC%20monthly.png)

<sub><sup>BTCUSD monthly chart</sup></sub>




By the  way, jazminmillion, i love the graphics.

very few Bitcoin, indeed, bu hopefully there are many other cryptos which can be used

Hold onto your BTC and don't blink when its price fluctuates.

Your posts always amaze me.

Upvoted. I'm going to resteem this now :)

I just realized the true potential in bitcoin this year and when I opened up my coinbase account that I had used for gambling a few years ago I had transactions that were worth more bitcoins than I could afford with all of my money right now.. wish I was mature enough at the time to see the long term "gamble" in bitcoin. Here's to hoping we're all still early enough to collect more bitcoins before Wall Street catches up!

Cheers!

I enjoyed reading your post. There is a lot of good stuff.

I am surely the one who will probably never be able to own 1 bitcoin!

That is why I love Crypto. Do not care to be reach just not pore like I am now. Sucks not knowing if your going to have the cash for food that week. Lord willing I will not deal with it much longer.

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@jazminmillion I know I will own a Bitcoin but so many people never will. It is interesting to ponder what one Bitcoin will be worth next year or even two years from now......

This is a nicely researched article.  Thank you.

I have also been posting research on things like this.  I reached the same conclusions as you.  In other words, even most millionaires, (35 million of them according to CS), will never be able to buy a single bitcoin.


I have done quite a few studies on the distribution of bitcoin across addresses and also distribution of net wealth bands (I used the Credit Suisse Wealth Report). 

 I also have studies on the bitcoin addresses wealth bands.   Although there are some 20 million bitcoin addresses, very few of them own more than $20 of bitcoin.  It’s something like 5 million addresses have more than $20 (at $6000 per bitcoin). This means that only around one adult in 900 has any meaningful bitcoin balance of more than $20.  There’s a long way to go.

Based on October’s numbers, we can see that the Dolphins and minnows ($20 to $100k of bitcoin) are growing in number by an annualised growth rate of 107%.   (See my study below), It’s mathematically impossible to keep growing at that pace over the next year as there are not enough bitcoins.   Therefore, either growth rate must fall, or price must be higher to accomodate the growth in numbers - with each new user buying less bitcoin at a higher price.

I have a number of blogs with varying amounts of data on this.  The most recent one, (today), is here.   https://steemit.com/bitcoin/@swissclive/bitcoin-s-supply-and-demand-over-the-next-12-months-based-on-current-months-figures

The sooner everyone stops talking about the bitcoin price, and starts discussing the Satoshi price, the better.   Then everyone can own a Satoshi.

I owned one and a half . I bought them when they were at $1000 and sold at $3000. Sold them to buy alt coins. Now I own a bunch of alt coins that are not worth much at this time but who knows how much they might be worth in the future. But to tell the truth thesteemster regrets having sold his. Thesteemster always has this Bitcoin thing in the back of his mind. The steemster is always asking himself " did I do the right thing"?