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Bitcoin allows a person to monetize their time. The longer a person saves their bitcoin, the more that person values their bitcoin.

A person who holds a token of value for ten years will value it much more than a person who holds that same token for one year.
This is one of Bitcoin’s fundamental value drivers.
submitted by the420chronicler to Bitcoin [link] [comments]

Brief overview to DAI, wonderful stable-currency which's helping crypto-users to save $$ value from volatility (x-post from /r/Bitcoin)

Brief overview to DAI, wonderful stable-currency which's helping crypto-users to save $$ value from volatility (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Save your value in #Bitcoin

Save your value in #Bitcoin submitted by Bitcoin_Magazine to Bitcoin [link] [comments]

Saving Bitcoin increases the value of a person's time.

Let's say you bought 10 Bitcoin when you were 30 years old back in 2010. This means you have about 50 years left to live before you die, give or take.
This means that back in 2010, the value of the rest of your life per year priced Bitcoin terms was 1/5.
If you saved all 10 Bitcoin from 2010 to 2020, then that means the value of your rest of your life per year in Bitcoin terms is 1/4.
This means that the value of your time increased by 25% by simply saving and deferring gratification.
submitted by the420chronicler to Bitcoin [link] [comments]

Saving Bitcoin increases the value of a person's time. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

If Bitcoin 10x its value and governments become interested in saving and trading in bitcoin. Some might redirect there nuclear plants to mining . There can even be attacks on power stations for rival countries. A distributed AI system would eventually figure out a strategy to get 51%.

submitted by rbirsan to Bitcoin [link] [comments]

We have realized that encyclopedias will soon be the most valued collectible. We've sold off our bitcoins, and have visited every used book sale we can to ensure a financially stable future for our son. This room holds everything we have saved for his college admissions!

We have realized that encyclopedias will soon be the most valued collectible. We've sold off our bitcoins, and have visited every used book sale we can to ensure a financially stable future for our son. This room holds everything we have saved for his college admissions! submitted by Chezzik to different_sob_story [link] [comments]

03-06 10:54 - 'So flippening comes faster, hope BTC will be valued high enough so one who did not change its mind in time have savings for living' by /u/bitcoinhalvening removed from /r/Bitcoin within 0-8min

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So flippening comes faster, hope BTC will be valued high enough so one who did not change its mind in time have savings for living
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Author: bitcoinhalvening
submitted by removalbot to removalbot [link] [comments]

Roger Ver: Bitcoin has value because of people saving it, not spending it.

Roger Ver: Bitcoin has value because of people saving it, not spending it. submitted by zndtoshi to btc [link] [comments]

The argument that Bitcoin saves the user from fiat inflation is a "Store of Value" argument. There already exists many far superior stores of value in S&P 500/Real Estate/Gold. The only reasonable argument for Bitcoin as a "Means of Exchange" is that it saves the user from extortion (censorship).

submitted by guyfawkesfp to btc [link] [comments]

"The reason Bitcoin has value is because of people who save it, not because of the people who spend it" - Roger Ver

submitted by aeroFurious to btc [link] [comments]

"The reason bitcoin has value is because of the people who save it, not the people who spend it" - Roger Ver, Feburary 2017

submitted by etrnlgldnbraid to btc [link] [comments]

The future of my life savings in order to payback a loan, and my curiosity of the value of gold and silver & Bitcoin in the next 50 to 100 years also how long the Vatican will be around for!

OK, thank you for your precious time Mr Bitcoin Time Traveller, firstly DOES GOLD AND SILVER remain valuable, i know bitcoin is meant to be the greatest performing investment of the world, but does gold and silver retain its value until the year 2050 or beyond? The prices for Gold and Silver are critical for my wealth and my families, but i also need bitcoin's prices for the next couple of decades, since i have a loan to pay back, but the loan doesnt have a payback date since its from on of my friends. Does Trump get re-elected in 2020, does the USA keep borrowing money or does it stop eventually?
Does Iran end up fighting with the USA or what?
In which years does time travel become available to the pulbic?
Does yolanda renee king become president and the last in 2030? Is THEIR a last POPE? Or are there any more Pope's in the Vatican in your time? Does DESUTCHE Bank collapse? In which year does the USD collapse/Banks collapse, or do the banks collapse? IF GOLD AND SILVER REMAIN VALUABLE, please list the prices in USD for every year leading up to 2050 or beyond. E.g. 2019 - Price for GOLD & SILVER 2020 - " 2021 - " and so on, im very concerned if gold and silver remain "God's Money", as I dont feel comfortable keeping all my wealth in just Cryptocurrency. I desperately need to know if Gold and Silver ever become easy to artificially produce or become SIGNFLICATLY less rare or valuable, for this reason I NEED to know the prices for the next couple of decades, becuase i want to keep a percentage of my wealth in something other than bitcoin or crypto. IS A TREZOR safe to keep your cryptos?
correct me if i am wrong but this is how it is for BITCOIN,
2019 - 100K 2020 - Bear market leads to bitcoin low of 20K or 15K briefly 2021 - 1 MIL is broken 2022-2024 - ? 2025 - 1 MIL is broken again and doesnt ever go below 1 MIL ever again 2028 - 10 MIL broken 2030 - 100 MIL is broken 2031 - 10 MIL is final low 2032+ - ???
Is XRP still valuable or does it go to 0? DO THE ALTCOINS RALLY IN 2019???
What are the prices for the altcoins high in 2019? Which altcoins actually survive and become very expensive to purchase?
Thank you for your valuabke and precious time, may you be blessed with a great life.
submitted by lightblueshark to BitcoinTimeTraveler [link] [comments]

PSA: Bitcoin (BCH) is the best money because it's both the best cash AND the best store of value. So don't go around telling people not to save it.

Using it as cash, merchant adoption, etc, leads to people considering using it as a store of value. So one could say the use as cash is the foundation, and the use as store of value comes later.
BTC killed its use as cash. So now it's just a declining store of value, because its foundation is gone. Merchants keep abandoning it because it has no utility for them.
BCH kept its use as cash. So it's both cash and store of value. The best money ever. Censorship-resistant, permissionless, for all humanity, like Satoshi wanted.
Therefore, focusing on adoption is great. But don't forget the next step is what makes the price go up: people using it as a store of value, or even as an investment.
So don't shoo away savers/investors (some call them "speculators" which I think is derogatory). They are the ones who drive the price up, which then makes Bitcoin show up on the news, which brings more awareness and adoption, and so on. Also, the higher the price and liquidity, the more wealth you can insert into the system without moving the price, which enables even more use cases (without this, it has no utility for millionaires or corporations who need to move money around the globe).
Just like anyone on the planet can use Bitcoin to buy things without asking for permission, anyone is also free to save it for harsher times, or to get a well deserved cut of the global economic growth (instead of having it stolen by the government through inflation). Imagine a world where Bitcoin has already taken over and everyone is using it for trading and saving. When the global economy grows say 3%, everyone becomes a little wealthier automatically. Instead, in the current world dominated by fiat, what happens is the government says "Oh look, the economy grew 3%. Let's print 3% more fiat because... Hmm.. stability and... Economy stuff that nobody will bother checking, because they trust us" (I oversimplified it obviously. Governments do this based on their country's growth, not the global growth, because every country has their own separate fiat money. But Bitcoin could end up simplifying it to the point where we switch to caring about the global growth, not the local growth)
submitted by WiseAsshole to btc [link] [comments]

Aug. 15, 2010: Bitcoin Network Hard Forked To Erase Transactions Generating Billions Of Fraudulent Bitcoins. Very Few Even Remember This Now, No Harm Was Done, The Same Will Be True Here

Many of you are up in arms that hard fork to install a contract that will allow the return of the stolen DAO funds will destroy the network. This is not true. Very few people remember when BTC hard forked to preserve the value of everyone's bitcoins and prevent the market being flooded with billions of fraudulent coins (https://en.m.wikipedia.org/wiki/History_of_bitcoin). Just as that hard fork did not undermine bitcoin (despite many people saying the same thing then, as they are now that the network will be doomed and untrusted), a hard fork to return stolen money from a criminal will not undermine ethereum.
You can say this was a network issue for BTC and the DAO's issue is not a network issue for ethereum -- that is only superficially true. The fact that professional security audits and hundreds of the best minds in ethereum did not catch the issue makes this, for all practical purposes, equally as much a network issue as a poor code issue. Bitcoin was opensource afterall, why didn't everyone just say SFYL you should have found the bug in the bitcoin code if you were going to use bitcoin. The similarity is a large scale software issue that affects nearly everyone on the network, not a protocol vs non protocol issue. This is also unlike Mt. Gox in that we know exactly where the stolen money is, and it's fixed in place -- there was no possible programmatic solution to Mt. Gox, here there is. This is much more like the hard fork from 2010 that saved bitcoin's value.
Now, we can either devolve in a toxic group of individuals sniping insults at each other, much like the blocksize debate as done to bitcoin, let that toxic environment cripple the network, or we can remain a cohesive community and fight the criminal. We can let everyone from the non-crypto world more steadfast in their disapproval of us all and let them say this was a huge quarter billion dollar mess-up proving crypto is bad, or we can come together as a community and show that the crypto community has real-world solutions when bad things happen, and it's not just a big huge SFYL.
In the end a hard fork needs consensus, and is simply another example of the network working as programmed. If it gains enough consensus from miners and the community, then the system worked -- it's not a failure of any sort.
submitted by x_ETHeREAL_x to ethereum [link] [comments]

09-16 19:03 - 'I'm planning on moving back to USA as South Africa is really starting to fall apart. I haven't gotten much savings to pay for the plane ticket Any advice or small donations would be great value to me... Bitcoin...' (i.redd.it) by /u/warrenfatema removed from /r/Bitcoin within 25-35min

I'm planning on moving back to USA as South Africa is really starting to fall apart. I haven't gotten much savings to pay for the plane ticket Any advice or small donations would be great value to me... Bitcoin wallet : 3JchLaeGqoTsyyqMjPPX6HgsNmUeMZmzn7
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Author: warrenfatema
submitted by removalbot to removalbot [link] [comments]

Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge

Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge submitted by ethereumflow to CryptoCurrency [link] [comments]

Roger Ver early 2017: "The reason Bitcoin has value is because of the people who save it not because of the people who spend it"

The full quote:

"The reason Bitcoin has value is because of the people who save it not because of the people who spend it and the reason people save it is because they think they'll be able to spend it in the future, but it's the savers of Bitcoin that give it value, not the spenders of Bitcoin"
The link:
https://www.youtube.com/watch?v=JarEszFY1WY&feature=youtu.be&t=1421

Looks like the narrative has changed a bit in the last year.
submitted by wintercooled to btc [link] [comments]

Up to 16% hotel savings for the Value of Bitcoin Conference on Travala.com

Up to 16% hotel savings for the Value of Bitcoin Conference on Travala.com submitted by crypto_tracker to Travala [link] [comments]

08-03 11:23 - 'HINDI/URDU - WHY TO KEEP YOUR MONEY SAVINGS IN BITCOIN | DIGITAL GOLD AND STORE OF VALUE' (youtube.com) by /u/zeusuk removed from /r/Bitcoin within 0-10min

HINDI/URDU - WHY TO KEEP YOUR MONEY SAVINGS IN BITCOIN | DIGITAL GOLD AND STORE OF VALUE
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Author: zeusuk
submitted by removalbot to removalbot [link] [comments]

Tim Draper: Bitcoin is the best way to save value

Tim Draper: Bitcoin is the best way to save value submitted by Tukimoki to cryptoall [link] [comments]

Overstock.com just lost 1/5 of its stock value. Was Bitcoin a last-ditch attempt to save a dying company?

Overstock.com just lost 1/5 of its stock value. Was Bitcoin a last-ditch attempt to save a dying company? submitted by nelsonblaha to Bitcoin [link] [comments]

How To Keep Your Cryptocurrency Safe - YouTube Rick Falkvinge: BTC is NOT a Store of Value  Bitcoin.com Features How to Store Bitcoin Securely HOW TO GET A BITCOIN WALLET - Safe and Secure Way - YouTube HURRY, BUY BITCOIN? BITCOIN IS A STORE OF VALUE!!!

According to Messari co-founder Dan McArdle, bitcoin has not failed, at least not yet. Instead, there has been a massive misunderstanding in terms of the cryptocurrency’s key value proposition. Now, to secure your Bitcoin you may need additional strong security. For instance, suppose you have 50 Bitcoins then just save these 50 Bitcoins in three different spots, for example. Hardware = 50 Bitcoin Online wallet = 7 Bitcoin Wallet exchange = 3 Bitcoin. so when there is one hack, there may be some left in safe for you. Private key (save it!) Show. Private key (AES256 encrypted key) Bitcoin Address: Amount, BTC: Transaction Fee: Donation: Send Cancel What is a Bitcoin Wallet BitcoinOfficial.org? BitcoinOfficial.org is a simple and free Bitcoin wallet online. We created a Bitcoin Official wallet in accordance with the principles laid down by Satoshi Nakamoto, the creator of Bitcoin: The funds are safe and ... Bitcoin USD price, real-time (live) charts, bitcoin news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more. Is it safe to use Bitcoin? Can you trust a decentralized computer network with your money? Most people still treat Bitcoin as a mythical pandora box which contains thieves, money launderers, scammers, terrorists, other people of the worst ...

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How To Keep Your Cryptocurrency Safe - YouTube

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