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

[jaredl]

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.

I really do not understand how did you calculate this $2,000,000 as the value of bitcoin to be considered as a good long term store of value.

What is a good long term store of value? Do you understand the meaning? A good store of value is basically an asset that you can use to hedge against inflation..

So the long term inflation rate is about 3.22%, so any asset that can keep up with this inflation rate would qualify as a good storage of value.

That is why people tend to buy gold and properties to hedge against inflation and use as a "storage of value".

Pulling a figure of $2,000,000 is merely wishful thinking and has no economical basis.

[miltonpogi]

Well, for me I am neutral in this question, I agree in bitcoin that it is a good investment for transactions, many experts says that bitcoin and gold has almost the same, because there value will increase as time goes by, but if we are talking about long term investment I think this is not the place for bitcoin, for the reason that bitcoin can fluctuate any time, so you need to be ready if your investment got lost, in the last month of the 2017 bitcoin reach 17,000 USD but suddenly it drops to 12,000 USD, that case is my point why I am neutral.

[Fuhre]

IMO bitcoin is designed for long-term success.
His limited inventory and many of these requests will make people gain profit, so it deserves bitcoin to be one coin that can be profitable and very believable.

[futureofeth]

Bitcoin has already proved it is long-term trusted one and give good returns when you are holding them for long-term. See in the market still, there is no competition for Bitcoin yet and people who are believing the Bitcoin and it can give good returns in the long term.

[yanlap]

I think yes! bitcoin is most proven coin in cryptocurrency world! bitcoin always deserve long-term trusted store of value! I suggest you for keep faith over bitcoin for best investment.

I will certainly say on this that whenever you want to invest for the long term, then the best thing available in the market is the bitcoin because it is very much safer for the projects with the longer duration of the time. This thing can be seen with the graphical pattern shown by bitcoin since 2009. I admit that the volatility exists but that is for only the shorter duration of the time. The time duration here must not be less than 200 days or minimum six months.

[samcrypto]

Bitcoin has already proved it is long-term trusted one and give good returns when you are holding them for long-term. See in the market still, there is no competition for Bitcoin yet and people who are believing the Bitcoin and it can give good returns in the long term.

The competition are there but still no one can beat bitcoin for now so I think holding on this thing for good can really help you to maximize its potential over time. Bitcoin is proven and tested that can be your most valuable paper assets when you believe on this thing.

[godzillarekt007]

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.

Whether it will reach 2 milion or not is up for debate but I can tell you with absolute certainty it will never reach zero. You have currencies that are over hundreds of years old that are not worthless because they provide some sentimental value and historical value. For that reason it won't ever become 0 and if you only have 10% in BTC you seriously have not done enough research imho.

[Rath_]

Whether it will reach 2 milion or not is up for debate but I can tell you with absolute certainty it will never reach zero. You have currencies that are over hundreds of years old that are not worthless because they provide some sentimental value and historical value. For that reason it won't ever become 0 and if you only have 10% in BTC you seriously have not done enough research imho.

That's an interesting statement but do you really think that there are going to be any people who would like "just a number" in their collection? Well, maybe digital natives would find it actually worth something, current generation would probably prefer owning an old coin or bill. However, I agree that Bitcoin won't be worthless in the future, there will be always (or at least for the next few decades) a few people who will trade Bitcoin between themselves.

[Reatim]

Bitcoin can not be considered as storage of value because its price os too volatile so chance of losing your investment is more if we invest on bitcoin.If that is only possible if the bitcoin has a stable value but I think it will never happen if more people starts using bitcoin its volatility will get increase.

Well bitcoin was not initially design to be a store of value. However, it change a lot since its inception and then in the last couple of years the market has changed. Investors pour a lot of cash into the market and then comes the whales. So now we as much as we want it to be a payment or currency, it now becomes as more of a investment platform.

And if we consider that returns, just last year alone, investing on it will turn you on a millionaire or even billionaire with a return of more than 700%.

[Afnan_faizah]

Actually bitcoin has been proven it. Even bitcoin is better than stocks in term of increasing price of it. Since there is no central authority that control bitcoin then the value of it is only depend on market. I think bitcoin is good for long term investment

[faceoff97]

It has been and will always be until the cryptosystem exist. Bitcoin is now one of the best established crypto and proving that its demand never perish. I could say that in the long period of time that it actually exist, it have shown great improvement and stability in the market. There were great recognition of its use also making it as a reliable cryptocoin. New coin might be introduced but sure bitcoin will be in the yop of the list.

[Oceat]

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.

I really do not understand how did you calculate this $2,000,000 as the value of bitcoin to be considered as a good long term store of value.

What is a good long term store of value? Do you understand the meaning? A good store of value is basically an asset that you can use to hedge against inflation..

So the long term inflation rate is about 3.22%, so any asset that can keep up with this inflation rate would qualify as a good storage of value.

That is why people tend to buy gold and properties to hedge against inflation and use as a "storage of value".

Pulling a figure of $2,000,000 is merely wishful thinking and has no economical basis.

It's quite too much for an asset to have a price value like that and no one could ever buy at that price range except for those early adopter and whales. Those guys will compete to each other without us because we can't even afford to buy such price but i think we can't go there. Bitcoin is already a long-term trusted store since it broke its silence and begin to gain fame as more people are getting attracted to the value of it everyday, that's why there's fluctuation and price correction.

[dogandogru]

BTC will surely be a long term asset. If govt. make it legal then demand will rise like anything among the people. On the other hand, if declared illegal, Price will surge in long term, coz it will be rare collectable item just like weed or marijuana. Lets see where govt divert its direction.

[SirLancelot]

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.

[hase0278]

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.

[Innocant]

I think it is cause i know bitcoin is now a long term coins that already know in the market that have a high value and still in number one in the market so that's why many investor to invest in bitcoin because a potential that have a long term value.

[Lucius]

Bitcoin is very risky investment and no one with certainty can not tell what's his future.So if somebody want to use BTC for long term store of value it must know what risk it takes with that.It will take maybe 5-10 years until the picture becomes clearer,in what direction decisions will be made on global regulation.If things go in the right direction,then BTC will be a very valuable asset,but also currency for daily use.

For me BTC is long-term store of value even today-and I consider that it is impossible to his value drop to 0,for me it's more likely its value will be measured in six digit numbers.

[Joy12345]

Bitcoin can be trusted in terms of value but when you invest your money, it is very risky because we do not know what will happen soon. Bitcoin is a long term system specially if it is go in the right way that we wish for. We can get a lot of benefits in trusting bitcoin. Bitcoin is already trusted to those person who investing in bitcoin and to those person who using it but we do not know how long will bitcoin takes its higher value. People just need to continue trusting bitcoin because as long as they trusting bitcoin, it will last longer or maybe it will not last.

[Klausi]

Bitcoin can be trusted in terms of value but when you invest your money, it is very risky because we do not know what will happen soon. Bitcoin is a long term system specially if it is go in the right way that we wish for. We can get a lot of benefits in trusting bitcoin. Bitcoin is already trusted to those person who investing in bitcoin and to those person who using it but we do not know how long will bitcoin takes its higher value. People just need to continue trusting bitcoin because as long as they trusting bitcoin, it will last longer or maybe it will not last.

Well, for me investing in bitcoin is really high risk because of its volatility. But, seeing its trend from when it begins i think it really have a good improvement which we can say that we could onveat and gain profit. Ican understand why several people dont have enough trust to invest in bitcoin because its not yet very popular now. However, people who trust and invest in bitcoin should not risk all their assets just to invest here in bitcoin.

[Chyton]

It will especially when the public has lost trust in the Government if there is some big scandal that is uncovered.
If there ever is a scandal about store of value, I'm pretty sure that people will go to Bitcoin for trusted store of value.