News about Bitcoin

More / Bitcoin Reddit - 3 years ago

The true essence of Bitcoin. Pure Savings.

Bitcoin is neither “cheap” nor “expensive”. Bitcoin is money, and whatever economic value you produced is best stored in btc/satoshis. It’s not about how much you can buy. It’s not about “getting rich” as it is about not getting poor, and being robbe...

More / Bitcoin Reddit - 3 years ago

The power of Bitcoin is that once it’s all been mined, everyone will have to produce something of value for the betterment of society to be able to earn a piece of Bitcoin, which represents what money truly should be.

The true value of Bitcoin will be in its ability to store value (its medium of exchange will be other crypto currencies), it inherently has value because it’s finite. Money (fiat) has no value because something cannot have value if you can create an...

More / Bitcoin Reddit - 3 years ago

“Who would pay $100k for a bitcoin?”

It’s an exchange rate, not a price tag. The exchange rate between the USD and Iranian Rial is $1 to 42,250 rial. If you had a hunch that that exchange rate was going to $1 to every $100,000, you’d probably hang onto that dollar rather than asking “w...

More / Bitcoin Reddit - 3 years ago

4 million Bitcoin lost forever

Many have lost their Bitcoin over the years. No one knows for sure how many of those coins are gone forever or how much of that can be recovered. However, according to Chainalysis data, about 20-25% of bitcoins are believed to be lost forever. That...