Bitcoin was not created to be a store of value - why? Because this already exists, i.e., Gold, and like Bitcoin its market realized in 2009 that fiat is not worth the paper it’s printed on. Here is how people ran to the store of value in 2009. Why fix the store of value while fiats are the problem?
@cz_binance: Imagine casually running a bitcoin (not even a word) wallet in 2009. It takes no more electricity than your browser, and mines 50 BTC. Worth 0 at the time. You don't even think about it. 11 years later, it's worth $500,000. You move it, and shakes the market. 😀
Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k. Bought in 2009, currency's rise in value saw small investment turn into enough to buy an apartment in a wealthy area of Oslo.
2009-2029 is actually the accumulation phase... however congested or expensive Bitcoin gets in the meantime is immaterial and are going to be worth it to anyone who is buying into Bitcoin... people won’t start really spending their bitcoin day to day until 2030
These people who want immediate changes to the protocol rules don’t realize that 10 years is not that long of a time and we really need to gain more adoption and education before we make serious changes to the protocol.
"Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k. Bought in 2009, currency's rise in value saw small investment turn into enough to buy an apartment in a wealthy area of Oslo." - /r/worldnews (+3659) [October 30, 2013]
Man bought $27 of bitcoins in 2009 and they’re now worth $980k
A Norwegian man who bought $27 worth of bitcoins in 2009 and forgot about them discovered their value had since shot up – to $980,000 at today’s price. Kristoffer Koch decided to buy 5,000 bitcoins for only 150 Norwegian kroner ($26.60) in 2009, after discovering bitcoin as part of an encryption thesis he was working on. Koch probably didn’t think he would become wealthy as a result, but his 5,000 BTC has turned into a goldmine. It was a wise investment by someone who stumbled across bitcoin before many others did. Koch found that his bitcoins were worth 5 million Norwegian kroner ($886,000) when he checked back in on them. At the current Bitcoin Price Index of $196, those coins are now worth about $980,000. After purchasing the 5,000 bitcoins, Koch pretty much forgot about them altogether. That is, until the price shot up to over $200 back in April and he started seeing press coverage about bitcoin’s rise. “I thought to myself, didn’t I have something like that?” Koch told NRK, a Norwegian news outlet. He did, and after figuring out the password to his wallet and seeing how valuable those bitcoins had become, he sold off a portion of them. Now he has an apartment that he purchased in an expensive part of Oslo, Norway. All thanks to the huge price gain that bitcoin has experienced, mostly in the past year.
[uncensored-r/Bitcoin] Lily Allen turned down 200K in Bitcoins for a gig in 2009 which is worth $1,426,199,000 as of thi...
The following post by Hync is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7aq0fx The original post's content was as follows:
Bitcoin Price History . Bitcoin has had a very volatile trading history since it was first created in 2009. The digital cryptocurrency has seen a lot of action in its fairly short life. Bitcoins ... Kristoffer Koch decided to buy 5,000 bitcoins for only 150 Norwegian kroner ($26.60) in 2009, after discovering bitcoin as part of an encryption thesis he was working on. Bitcoin’s current value against the US dollar is of $8,165. The highest price for bitcoin since it was launched in 2009 was $19,497 in December 2017. After that spike, the price trended down to $6,603 in April 2018. Bitcoin's price is gradually rebounding, buoyed by increased demand for the digital currency in China caused by the weakening ... Wer hat Bitcoin erfunden? Ein Softwareentwickler mit dem Pseudonym Satoshi Nakamoto hat das Konzept der digitalen Währung 2008 auf einem Internet-Nachrichtenbrett vorgestellt und im Januar 2009 ... Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in. Get started. Price charts Bitcoin price. Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM ...
👇🏻Support the channel by using my affiliate links below👇🏻 Exchanges I'm using: Coinbase FIAT https://www.coinbase.com/join/59398125002bcc03276297d6 Bin... A Small investment of just $100 In 2009 (If the Stats Are True) Would be worth a whopping $8 Billion Today! (Bitcoins Price When I Checked *$8,075*. Hopefully that can still happen with the Alt ... Look for the price of lotto ticket you can hold bitcoins for 10 years and become a millionaire it's time you stop living in fear. If it goes to zero you lose... Bitcoin To Hit $1 -$12 Million Per Coin In 10 Years! Buy just $100 worth of bitcoins and get an extra $10 free here: https://goo.gl/HAODVT Bitcoin is a cryptocurrency and a digital payment system ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.