@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. 😀
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?
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.
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.
[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:
3 hours Kristoffer Koch brought $27 worth of Bitcoin in 2009 as part of his university thesis on encryption – 4 years later it was used to buy his first home Reddit . submitted by /u/Coinwerm [link] [comments] Bitcoin (BTC) · Cryptocurrency When the Bitcoin was mined, on February 9, 2009, it was practically worthless. Bitcoin didn’t really have a value until Laszlo Hanyecz bought two pizzas for 10,000 Bitcoin on May 22, worth Imagine If You Bought $1, $5, $10, $100 or $1000 Worth Bitcoin in 2009 How much money would it be worth Today? Down Below we created table with indication of bitcoin worth by years. At this table you can see how many is your wealth in USD. There are several conditions that we assume by default. 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. Technically, Bitcoin was worth $0 in 2009 during its very first year of existence! How Much was 1 Bitcoin Worth in 2010? Bitcoin's price never topped $1 in 2010! Its highest price for the year was just $0.39! Buy Bitcoin At These Exchanges: Popular Exchanges. Bits of Gold.
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