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

[reidel21]

We are still anxious to find the answer to the question: Bitcoin has become a reliable store for a long time? It's hard to answer. Bitcoin is like a balloon that sometimes flattens, flips and explodes. If at any time all of your assets are lost because of bitcoin, it will not last long.

[ningrum]

It depends on its adaptation. At the moment it seems all financial regulators are against it; however, it doesn't solve the fact that theoretically, it is more efficient than a lot of modern day processes.

yes it all depends on the condition of bitcoin, because there are many who oppose that bitcoin is circulating. so it's hard enough to believe that bitcoin will be a trusted value store, but basically it can all happen just like that

[ArteMixer]

For now bitcoin is very volatile and gold and other physical goods might be a better decidion for holding money.

[t2yax]

For us, we cannot predict what will gonna happen in bitcoin. We can see the success of bitcoin, but sometimes, we cannot see the future or we cannot assure that it will not fail. For now, we can assure only on banks, theres a lot of insurance in bank. We can say, for our safety, we can depend on bank for now

[Casabrandy]

For us, we cannot predict what will gonna happen in bitcoin. We can see the success of bitcoin, but sometimes, we cannot see the future or we cannot assure that it will not fail. For now, we can assure only on banks, theres a lot of insurance in bank. We can say, for our safety, we can depend on bank for now

Bitcoin as the primary crypto still have some developments that can attracts investors and will help in making the price grew, I still believe that BTC will be able to perform good in the future still.

[jamesclark]

The bitcoin is getting to the point of highly trusted crypto currency since more and more people get interested in that. This process also positively affects the economy of countries and the financial state of the population in general.

[Menawi12]

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 is long term investment and thats is one reasong bitcoin price reach $19k months ago. Many analysis from reputable investment firm predicting that bitcoin price can reach $25k end this year and reach $250k on 2023. Hope that prediction happen because will bring cryptomarket more mature and bigger

[Rrotess]

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.

Where do you get this figure from?

Bitcoin has the basic characteristics of a store of value, the main one being a limited supply. It will need to have some utility for it to be trusted as a store of value so it must succeed in some form as a currency.

True, bitcoin has the perfect characteristics to be a store of value in fact its characteristics are even better than gold, however there is a lot of competition with many other alts trying to take its place so if bitcoin is become a store of value it needs to leave no doubt that it is the best coin in the market and for that it needs to be adopted as a currency or have some other use.

Well, bitcoin has several uses. It carries good characteristics to be called the store of value. Nevertheless, we have to maintain and preseve that qualities and characteristics so that in the near future it will be the most valuable among them all.

[MakLampir]

It's my opinion that out of all of the plethora of cryptocurrency out there, Bitcoin so far has the best attributes to be considered the prime candidate for being a store of value. Its supply is finite, its extremely secure, transferable but the added value that its even more fungible than gold which is why there is a debate as to whether or not bitcoin is a commodity or a currency. Well it actually displays both characteristics.

[teleskopta]

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.

[stellgod]

The bitcoin is getting to the point of highly trusted crypto currency since more and more people get interested in that. This process also positively affects the economy of countries and the financial state of the population in general.

Yeah, No doubt it is the highly trusted crypto currency because of its fame that is increasing day by day. Also, some of the most developed countries in the world which are touching stars in the race of development have also shown a keen interest and attraction towards bitcoins which clearly gives the surety of its existence for the upcoming whole life of this world.

[Nitnit13]

I'm sure bitcoin will be a trust in the future. Because bitcoin values are just about the same in the market as possible for the future bitcoin will be needed even people will look for bitcoin.

[Sled]

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.

Bitcoin is the best investment for long term basis and its return is really high compare to the other investment like in the stock market that may take up to 10 years before you can say that you already made a good amount of profit while in bitcoin you can do that in a few months only.

[pistachefreak]

If something is volatile its also possible to make money off it short-term lol. If you lucky then climb on while its low and climb up before crash (if there will even be one).

[Btcschool]

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.

For Bitcoin to become a trusted store of value, the price will have to become stable which is not happening anytime soon. I’m not even sure if that is ever going to happen cause the price will be fluctuating depending on the rate of demand, so that means if all Bitcoins are mined up, the price will still not be stable at all, cause whenever someone purchase a huge amount, the price will pump and drop when they withdraw.

[PerLasz]

Yes bitcoin is good for long term investment. To store the value or higher value than today's bitcoin value. I do believed that bitcoin is not for short term investment but it is for long term investment. The more you earn bitcoin the more chance of having good earnings when time comes.

[loveinberlin]

Some "professionals" still believe that in most cases bitcoin is used only by marginals and criminals. The likelihood that the crypto currency will turn around on a par with fiat money is small. As for me, I think this will happen!

[love_you_much]

Bitcoin is based on blockchain technology. This is a good technology for us to develop in the future. So I believe in bitcoin. I am a newcomer to this market but I think I will be more profitable by the end of the year.

[Mia Wallace]

Bitcoin is the first crypto currency started in the year 2009.It is an electronic asset or we can say that a long term trusted store of value.It has the specific characteristics that a decentralized one so not any government  or central bank control over it.maintains the anonymity and all its transactions are recorded in an electronic ledger with the block chain technology. bBitcoins net work systems are very strong and the block chain technology ensures its security and clarity.Bitcoin is a new form of economical concepts so more people are attracted to it world wide so it can become a long term trusted store of value.

[doomloop]

Some "professionals" still believe that in most cases bitcoin is used only by marginals and criminals. The likelihood that the crypto currency will turn around on a par with fiat money is small. As for me, I think this will happen!

I think this is the controversial side of thinking. Many people are against the use of Bitcoin and that is why the technology has been banned in so many countries because it is the influence of the rich elites and not the politicians that do the things. One should also look at all those companies and firms that have been trading and accepting Bitcoin as medium of exchange. About the price appreciation, I think Bitcoin will be a good store of value in future when it has crossed $30000.