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Are currencies a "store of value"?
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Topic: Are currencies a "store of value"? (Read 250 times)
Reid
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Merit: 647
Re: Are currencies a "store of value"?
March 18, 2019, 10:27:25 PM
#21
Cant it serve both?
I mean gold have been used like that right? Like ages ago they use gold as means of payment.
Actually, up until now they use it the same as payment method if there is no choice. You will just be bartering it for another item or a service.
It is a different era now.
We use technology more than physical activities.
Computers, smartphones and internet have change it all. Better go with the flow than being left behind.
If it will be weighed by before and now, in my opinion bitcoin is like gold.
Kimi80
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Re: Are currencies a "store of value"?
March 18, 2019, 10:31:35 PM
#22
I can not name bitcoin a 'digital gold' at this moment. Its price is highly unstable and that reason is enough for making the difference between those two, gold and crypto currency. The problem is not increasing but decreasing in price, off course
Nobody would like to see his valuable asset becoming less valuable at some point.
andika2018
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Re: Are currencies a "store of value"?
March 19, 2019, 01:02:26 AM
#23
Quote from: Kimi80 on March 18, 2019, 10:31:35 PM
I can not name bitcoin a 'digital gold' at this moment. Its price is highly unstable and that reason is enough for making the difference between those two, gold and crypto currency. The problem is not increasing but decreasing in price, off course
Nobody would like to see his valuable asset becoming less valuable at some point.
Many people still dont believe bitcoin as digital gold or store of value. But i am believe bitcoin can be a store of value because the supply limited and the network security almost unhackable.
horrifiedx1
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Re: Are currencies a "store of value"?
March 19, 2019, 04:15:35 AM
#24
Quote from: andika2018 on March 19, 2019, 01:02:26 AM
Quote from: Kimi80 on March 18, 2019, 10:31:35 PM
I can not name bitcoin a 'digital gold' at this moment. Its price is highly unstable and that reason is enough for making the difference between those two, gold and crypto currency. The problem is not increasing but decreasing in price, off course
Nobody would like to see his valuable asset becoming less valuable at some point.
Many people still dont believe bitcoin as digital gold or store of value. But i am believe bitcoin can be a store of value because the supply limited and the network security almost unhackable.
with an analysis of a bright future, so many people think that bitcoin is like gold, but to wait for bitcoin to become gold that many people are impatient and experience panic, eventually they fail to enjoy digital gold
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