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Author Topic: Evaluation of Bitcoin as a store-of-value  (Read 390 times)
marjil
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February 24, 2019, 09:03:04 AM
 #21

Why would anyone really want to use bitcoin, or any crypto for that matter, as a medium of exchange when they anticipate, as most in the community seem to, that the price will just keep appreciating? Less than a month ago bitcoin was worth, in dollars, around 3.2k. Today it's 4.2k. So in a month the dollar value of bitcoin has appreciated by around 30%. That's a substantial increase in such a short space of time by any investment standards. A store of value where the value just keeps on rising like a hot air balloon! So bitcoin holders, believeing that this is what happens as it often does if you have a long term view, are far more likely to retain their bitcoin rather than exchange it for pizza or shoes!

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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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February 24, 2019, 12:16:51 PM
 #22

 According to my assumption,even though gold is considered useful as a store of value and also  Bitcoin can be said as a store of  value it is a digital decentralized currency change.Bitcoin is said to be the future of money bitcoin has the potentiality to change the way we bank since bitcoin is a peer to peer form of transaction accepted over the global system..Bitcoin relies completely on computer network bitcoin is completely free from manipulation and no intermediaries such as any central authorities to control .the value of bitcoin fluctuates and it is based on the law of supply and demand   Time  will prove the future of Bitcoin..

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