Bitcoin Forum

Block chain is a store of value. Even if your coin is not currently improving it is still a store of value. Sum coins being more volitile than others. It ur research on what coin to invest. Bitcoin is the first digital gold used as a store of value. Then there are alts who might be less volitile.

What do you mean? Well it's a common sense to figure out cryptocurrency has value? Well, if you are pointing out that thing, I guess in some part you are wrong, there are some altcoins that almost doesn't have a value, they are worthless and they should be gone in the market.

What are you trying to say here? The whole concept of "Blockchain" is the fact that it stores TRUE information, therefor there is a store of value in blockchain. But I guess thats just the foundation which all of this is built, no biggie  ;D ;D

Blockchain isn't the store of value but bitcoin is.

Blockchain is the technology that bitcoin uses. Don't be mislead if you understood that the technology itself is the store of value, the cryptoCURRENCY is the one that becomes a store of value and the example I mentioned was one of it.

Altcoins, on the contrary, is the most volatile than Bitcoin. And if the coin has not shown results for a long time, it is quite possible that it will never be able to start doing that

I think the biggest value of the blockchain is the sharing and storage of information, which can provide a lot of help for humans, such as teaching and health care.

I believe that the technological innovation brought by the blockchain will be the future development direction, and will allow more people to get benefits.

Cryptocurrency can disappear but blockchain technology will never be disappear. Actually, blockchain technology has appeared for long time ago. But now it is often said together with cryptocurrency, so everyone really precisely recognize what it is

I wont go explaining blockchain and other stuff coz they have already told it to you.

But let us go to volatility though.
Bitcoin is volatile and so does altcoin. In fact, with movements in price they are more being played by traders rather than bitcoin which is expensive.
Having a large amount of altcoins can make you hundreds of dollars in just a day while on ths other hand you cannot do that with bitcoin.

I agree if the blockchain is a store of value, because until now bitcoin is still valuable, and some altcoins that can be exchanged with bitcoin still have value even though it's very cheap.

It's not blockchain but crypto, crypto is indeed can be considered as store of value if you are seeing bitcoin and so many people have been putting their investment on bitcoin to store their value. blockchain is a system and you should know the differences.

Well this does not apply to all Blockchain or all crypto currency
Why ? Because there are several tokens that are useless and is not a store of value because they will remain uselsss (scam tokens)

It’s not only about volatility, good product matters too

no it is not!

you are confusing one of many features of "bitcoin" with blockchain in general. bitcoin can be used as a store of value on top of a lot of other things. but the blockchain is the technology and even if you meant the altcoins you are still wrong because many of them are not just dropping in value in long term but also are quite unsafe because of their bugs, their lack of security, their centralization which can lead in your money being stolen by the developer and a lot of other things.

I hope he is reading this for more learning.  ;D

Looks like he have learned wrong and stayed in a different forum.
Youtube also sucks for most of the time for they cannot really define the difference. Sometimes it is better to read it than just watch it without even listening to their sad stories which can make you sleep. Yeah, they are better than the pills in drugstores.  ;D

Alts as less volatile?! Hmmm. I strongly not agree with that. Try harder.

Don't quite understand what value you mean when talking about bitcoin and alts... The value that is being created by the fact that many people are thinking that crypto is a valuable thing? This value?)

Ok sum coins need to upgrade to there own main net n create a block chain . Maybe I'm wrong . But eth has it's own block chain n will be consider a store of value in sum cases. I heard binance coin is building there own block chain and is less volitile than bitcoin

You mean blockchain based cryptocurrencies are to be used for store of value purposes ? Blockchain is basically a distributed common ledger. It is a new innovative way of maintaining database without lagging in any security measurements hence misusing it is highly impossible.

Let me come to the point of your discussion. You mean that any investor must choose a coin based on store of value and should not bother about the current volatile nature of markets ? I guess store of value or basic value of a coin is being derived from demand and supply ratio and not just due to intrinsic value. So, you need to do a depth analysis and research to find the right coin to invest.

bitcoin has many roles and uses, one of which is digital gold, why can it be called digital gold? because of the scarcity of supply that makes it as valuable as gold even in my opinion bitcoin is superior compared to gold because bitcoin will not be damaged, unlike gold which if broken even scratched then the price will go down.
therefore, bitcoin is a good choice for investment

I think you do not correctly understand what a blockchain is and what a cryptocurrency is. and how can you even think that altcoins are less volatile than bitcoins? look at the graphics

Please do not compare or liken Bitcoin to Gold. There is no relation with Gold! Yes it has a value but not same with gold. Gold is a real mine and no one doesn't know how much gold we can mine. But we know for Bitcoin! It is only 21 million!

Every one has his own opinion and own sense of perception and how he/she looks at anything. For me as most people are coming to crypto for investment and making profit so it is definitely a store of value although there are many different angles we can approach blockchain tech and crypto but yes store of value is a fact.

This is true to a great extent... People must learn to look past the current troubles in the market. Blockchain has potentials to be a goldmine to adopters. The fact that the technology is still very young means there is a great chance of massive increment in the value of digital assets. The short term problems will surely pass but this technology will only get better.

Blockchains are not stores of value, they're stores of data that can easily be worth $0 if the market decides it is.
Where's the value in blockchains like Bunnycoin lol ?  ;D

I agree with this argument. but people have to learn about block chains where before they jump on the market. Blockchain has the potential to become a gold mine for users who know the opportunities of many projects. The fact that the technology is still very young means that there is a big opportunity to increase the value of digital assets. so all must be able to choose the project wisely before going into investment in the blockchain.

Not all coins have got good value and some are just mere shitcoins, which is why you see some of them dump unnecessarily.
If a coin will have ant store of value, then it must have a product that is ready to be used and that will solve an existing problem.
Then blockchain itself has got a lot of benefits. It ius very rich and very useful in so many areas of life.

it is one of the great strengths of blockchain technology but even so if the value is very low it is still a bitter reality, and about blockchain I think there are still many other uses it has so the blockchain is considered a viable innovation for everyone and the system to adopt, if just to save value then I think blockchain won't be something hype like now

Blockchain will make a great turnaround in the near future. The ups and downs, bad market and all seen now is normal in any business. Those who started up with bitcoin years ago and stored up has a better story to tell now.

Bitcoin was originally defined as a cryptocurrency that stores value on the Internet, but investors have changed its meaning, and now it is more like a commodity.

Volatility is a big concern in crypto market, being bitcoin or any other alts, except for those stablecoins. Though these latter are not totally stable in price, I see a good future for the real store of value backed by precious metals, like Gold, like in the current Gigzi project. We are talking about crypto-assets backed by precious metals (so it is not just a virtual value, but a REAL store of value.) Gigzi will make this very possible with its advanced wallet and treasury to store precious metals.