Will Bitcoin become a long-term trusted store of value?

[1Referee]

People just need to continue trusting bitcoin because as long as they trusting bitcoin, it will last longer or maybe it will not last.

People trusting Bitcoin? What a joke, people don't even trust themselves. Your "trust" is based on nothing but the hope that the price will keep going up throughout the years, and nothing else. If the price is going up, your "trust" in Bitcoin sky rockets, but when the price is going down, your "trust" in Bitcoin will sink just as hard. You, just like the far majority of the people here, don't care about Bitcoin's technical aspects, or that it allows you to obtain financial freedom. My faith in Bitcoin is based on financial freedom, and the fact that I can outrule any central authority, and not the price that may or may not go up in the very short term. Bitcoin has never failed to deliver in the long term, and will not do so in the forthcoming years due to how much potential demand there still is to obtain. I don't think we have even seen 5% of Bitcoin's potential yet.

[1715575698]

1715575698

[AMHURSICKUS]

Yes ofcourse, bitcoin can be a longterm trusted store value. Just look to its history.
Bitcoin always has a possibility to surpass its higher price, all you need to do is to hold and be patient all the time.
If its price decrease, always think this as a chance to invest more and always stay calm.

[Jiddyyy]

Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.

Yes of course, bitcoin is a long term trusted store of value, if it is not why people are continuing to work, invest, trade and hold in bitcoin? Bitcoin is proven and tested in terms of long term holding. It is good for future expenses since the longer you hold or store bitcoin the higher the amount you might get.

[paul00]

Honestly speaking with current status of Bitcoin, I don’t think it will be a great long term trusted store of value especially when we are talking of huge amount of money since Bitcoin still lacks a lot of things for it to become stable and have us the assurance that it will not disappear eventually. I am not against Bitcoin but I am only speaking the truth.

[Morderus]

People just need to continue trusting bitcoin because as long as they trusting bitcoin, it will last longer or maybe it will not last.

People trusting Bitcoin? What a joke, people don't even trust themselves. Your "trust" is based on nothing but the hope that the price will keep going up throughout the years, and nothing else. If the price is going up, your "trust" in Bitcoin sky rockets, but when the price is going down, your "trust" in Bitcoin will sink just as hard. You, just like the far majority of the people here, don't care about Bitcoin's technical aspects, or that it allows you to obtain financial freedom. My faith in Bitcoin is based on financial freedom, and the fact that I can outrule any central authority, and not the price that may or may not go up in the very short term. Bitcoin has never failed to deliver in the long term, and will not do so in the forthcoming years due to how much potential demand there still is to obtain. I don't think we have even seen 5% of Bitcoin's potential yet.

Leaving aside short-term investors who dream about making money out of nothing, the trust is based on the belief that cryptocurrency is an under-estimated currency of the future, cause it seems to be more transparent, safe and "fair". The further development of BTC depends on WHAT and HOW would you be able to buy for it. Not it's mainly other cryptocurencies and fiat.

[Victor$]

Bitcoin is already a trusted store of value, but I don’t know for how long and I can’t also predict if it will be for a long time or not. Well, I will still say that it will stay for a long time or maybe for as long as the price of Bitcoin remains volatile.

Some people were saying that a time will come when the price will stop being volatile. Maybe around then, much people won’t be interested in using Bitcoin as a store of value.

It is only a trusted store of value for long term only for people who are using crypto regularly(most of the time). For those people who really aren't financial experts or stock traders and brokers, they don't give a damn and doesn't invest into bitcoin to store some value, they still consider gold as a more trusted one. Price of bitcoin will never stop being volatile IMO, as there will always be buying and selling and price moves every time a buy and sell order has been fulfilled.

Bitcoin is already eh trust worthy and the safe investment for the people and those people who are notable to make profit from bitcoin does not exist according to me but if they really does exist, then they should try to get good information about bitcoin before they go for investment, it is good to hold bitcoin for the long time it will increase and you will get money double or triple of your invested money as a rewarded of your long time holding and your patience.

[arienna23]

Bitcoin is already a trusted store of value. Any person who would have invested in Bitcoin from its start would have doubled his money if he had invested at the start of year and sold at the end till now. Also with the number of users increasing for Bitcoin it is becoming more trustworthy and stable.

[akram143]

Yes ofcourse, bitcoin can be a longterm trusted store value. Just look to its history.
Bitcoin always has a possibility to surpass its higher price, all you need to do is to hold and be patient all the time.
If its price decrease, always think this as a chance to invest more and always stay calm.

Yes you are right in future bitcoin play's an important role in our economy and many other.big companies will make a Collab with bitcoin mining teams and start mining bitcoin so today's investors has a good life their future life.

[Ahiaba]

Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.

Bitcoin as an investment assets for a long time period is what every one in the Bitcoin community expect and with our believe in Bitcoin and crypto currency in general it shall continue to be the investment tools for rational investors and not professional investors as you rightly put it in your post above.

[ceferov]

Yes I also think as you. It's still very risky but is worth it to take a risk. The bad thing is most of the people still see BTC as only investment but not P2P digital money. BTC is far away from it's goal and crypto lovers should  bring attention of people to right side not to price of BTC

[Panchum]

Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.

Yes I believe in bitcoin. It's a long trusted in value. Bitcoin now is very low but everybody's hoping for the increase of the price, because this is the best way to earn a big profit if the price is expensive. Holding bitcoin is not easy especially this time price fall is too long. It's too sad for us waiting because we need money we don't have a choice but to sell it already if needed. But if you have a lot of budget or savings it's better to hold because you will profit more than your savings.

[andrei56]

Consider this :

1. You have invested money into Bitcoin in Jan 2017 and at the end of Dec 2017, the price increased by more than 800%.

2. You also invested the same amount of money at a Bank. < Interest vary between 3% to 10% >

How many years have you gained by investing your money into Bitcoin, if you received more that 800% interest in one year? Doing some basic math on 800% divided by say %10 <if you are lucky to get that> = 80. So what do you think, was the best long-term strategy for a store of value?

You only need 1 year with exceptional growth in Bitcoin's value to obliterate interest that you are getting from Banks and most other investments.    

And that is only one year, can you imagine the profits those that have held for several years have? Those that could buy for a price below 100 dollars, while the previous year was extraordinary there is still a lot of profits to be had in bitcoin, probably the next bull market will come when the devs get the lightning network in a functional state and I will not be surprised to see bitcoin at 40000 dollars.

[Westinhome]

Honestly speaking with current status of Bitcoin, I don’t think it will be a great long term trusted store of value especially when we are talking of huge amount of money since Bitcoin still lacks a lot of things for it to become stable and have us the assurance that it will not disappear eventually. I am not against Bitcoin but I am only speaking the truth.

Since ill joining to crypto currency and earning some bitcoins, Ill will ask my self if this bitcoin is a long term coins in the crypto currency but when im searching about bitcoin and looking at the market ill answer to my question this bitcoin is a long tearm and trusted coins that we need to buy and hold it. Because we cannot predict also if this bitcoin on when be up or down.

[hoanghoatham04]

I believe that bitcoin can be a long term trusted coin because of its specs and usage. The scarcity also of bitcoin makes its endurance, why? Because if it has unlimited supply of coins then for sure its price will not goes up. The tendency is that, many investors will pull their investment because bitcoin is not profitable.

Economically advanced countries are afraid of the presence of Bitcoin because of the high risk of the economic downturn for their country, many say Bitcoin It will last a long time after that and also be an ideal investment place now. In the future, Bitcoin will be the digital currency that is used to make the foreign money.

[bitgolden]

Consider this :

1. You have invested money into Bitcoin in Jan 2017 and at the end of Dec 2017, the price increased by more than 800%.

2. You also invested the same amount of money at a Bank. < Interest vary between 3% to 10% >

How many years have you gained by investing your money into Bitcoin, if you received more that 800% interest in one year? Doing some basic math on 800% divided by say %10 <if you are lucky to get that> = 80. So what do you think, was the best long-term strategy for a store of value?

You only need 1 year with exceptional growth in Bitcoin's value to obliterate interest that you are getting from Banks and most other investments.    

And that is only one year, can you imagine the profits those that have held for several years have? Those that could buy for a price below 100 dollars, while the previous year was extraordinary there is still a lot of profits to be had in bitcoin, probably the next bull market will come when the devs get the lightning network in a functional state and I will not be surprised to see bitcoin at 40000 dollars.

I am very much sure that the ones who have planned of holding this bitcoin for some longer period of time will be the ones who will be getting sure that the ones who have planned of holding this bitcoin for some longer period of time will be the ones who will be getting profit more than anyone else.

This is really a good plan to keep on holding your coins for longer period as this will give you a hope that the market value will keep o increasing most of the time.

[taiwww]

Yes ofcourse, bitcoin can be a longterm trusted store value. Just look to its history.
Bitcoin always has a possibility to surpass its higher price, all you need to do is to hold and be patient all the time.
If its price decrease, always think this as a chance to invest more and always stay calm.

May be or may be not. With the current hoax in the market we are seeing huge scams and it makes it far difficult for us to decide what is right and what is not. I always think of making huge investment into bitcoin when it is below the higher rates of all time. But when I go for it then something wrong happens and it keeps dropping all the time. I keep calm all the time that's why I'm getting success into this industry. So yeah I think so bitcoin is long term investment.

However its possibility to surpass all the high prices is dropping day by day. So with the positive views I would also say that we should be careful while making our inevstment.

[sirenmoon]

I believe that bitcoin can be a long term trusted coin because of its specs and usage. The scarcity also of bitcoin makes its endurance, why? Because if it has unlimited supply of coins then for sure its price will not goes up. The tendency is that, many investors will pull their investment because bitcoin is not profitable.

Many of the investors are investing into the Bitcoin because they are believing in the long-term profit. They don't make comparisons between the FIAT and the Bitcoin because they are looking at a Bitcoin as a standalone currency that is fluctuating currently. I am also hoping for the Bitcoin rise in the future and that can easily happen because it has the limited supply which is getting smaller every day. I don't think that the price will jump so high as stated in the thread but I expect for it to become the currency supported by all and not just a small percent of the population which is seeing its true potential. We must wait and see the future impact on the society and only thing that remains for us is to hold it a little longer, maybe even buy some more when the correction phases are happening.

[Freddie Aguiluz]

BTC is now recognized by governments, and his value is recognized by many countries.

Block chain technology will be developed this year, and the price of BTC will increase steadily!

BTC is really a good investment!

Yes it is a good investment, we can trust in it because it cannot be taken from us easily unlike fiat money. It is volatile so we can manipulate it and play with it easily. We can invest on it and earn a lot if we are good and strategic on handling it.

[intoy_victor]

For trusted value I will say yes but for long term I don't think so if bitcoin will last.
Because of the high price value and it is not a scam many people are invisting in bitcoin. They trust bitcoin that if they invest their money it has a possible to double it.

[rider4]

I do not know what will happen next with bitcoin , but I bought it and hope that it will rise in price.