Bitcoin is a reliable store of value - what’s a reliable store of value for you?

[wagmi]

For our savings, it’s very important to convert our money, or some of it, into a store of value to keep it safe from devaluation and to keep purchasing power.
Saving is very important and only a good store of value is suited for savings to prevent devaluation.


But how is a reliable store of value designed?

Finding out, what a good store of value is about will lead us to few conclusions:

It should be proven to be scarce.
It should be easily transported and easily exchanged.
It should be easily divided and keep value (not go broken).
It should be accepted and people should consider it as a store of value.

We can see: all points are somehow important to define a good store of value. Since a long time, Gold is considered as a good store of value but also Bitcoin is designed as a store of value, it’s also called digital gold.

Bitcoin is limited to 21M Bitcoin making it a very reliable store of value!
Since Gold existed, it has been store of value number one but now, we have Bitcoin, competing against Gold as a store of value.
We can compare advantages and disadvantages of Gold / Bitcoin and some people might consider Gold and Bitcoin to have as a store of value
Which is very good for Bitcoin because currently Bitcoin is only 5% of Gold's marketcapitalisation.

Bitcoin will close its gap to Gold in terms of marketcapitalisation.


Many stores of value are existing and we should always consider for and against arguments.

What is a good store of value for you?
What makes it unique, what is a must have for a store of value?

In my opinion it’s proven scarcity and Bitcoin is very good at it.


HODL

wagmi 

[mk4]

Scarcity in itself doesn't make something a good store of value. I could make a coin that only has a very scarce supply of 10 coins, and it would end up being worthless.

It's Bitcoin's decentralization and censorship resistance (among other things) is what makes it attractive to people. Bitcoin being scarce and having a predictable inflation schedule just completes the entire package.

[wagmi]

Scarcity in itself doesn't make something a good store of value. I could make a coin that only has a very scarce supply of 10 coins, and it would end up being worthless.

But scarcity is most important for it. We can also see some NFT's are very scarce but nobody will consider NFT as a store of value because NFT is not fungible.
In addition, people need a perspective to sell it for a higher price again.

[mk4]

But scarcity is most important for it. We can also see some NFT's are very scarce but nobody will consider NFT as a store of value because NFT is not fungible.
In addition, people need a perspective to sell it for a higher price again.

It is important, undoubtedly. But again, scarcity alone doesn't automatically make something a store of value, or even worth anything in the first place; especially for something that's digital.

[adaseb]

Yes just because something is scarce doesn’t mean it automatically will be valueuable. Take a classic Ferrari limited edition, it obviously will have huge value. However there are many scarce cars such as a Nissan Rouge convertible, however since nobody wants it, it doesn’t have much value.

Same with many of the alt coins out there.
Many have small supply however they still have low value because nobody wants them.

[serjent05]

What is a good store of value for you?
What makes it unique, what is a must have for a store of value?

In my opinion it’s proven scarcity and Bitcoin is very good at it.

I don't think that the scarcity of Bitcoin makes it a very good store of value.  As a matter of fact, at this moment, I do not consider Bitcoin as a reliable store of value due to its high volatility.  It is also one of the reasons why Bitcoin is having difficulty getting the acknowledgment of the authority of being money despite Bitcoin actually being money.

[Duzter]

The technology behind the bitcoin is the one that makes it a good store of value. It is evident to see a big list of projects that make a comparison with bitcoin. In few months time those projects fade out of the market. So, various factors constitute to make something a better store of value. Consider gold, this is a store of value through its rare availability and it's years of history. With bitcoin it is the technology.

[mk4]

I don't think that the scarcity of Bitcoin makes it a very good store of value.  As a matter of fact, at this moment, I do not consider Bitcoin as a reliable store of value due to its high volatility.  It is also one of the reasons why Bitcoin is having difficulty getting the acknowledgment of the authority of being money despite Bitcoin actually being money.

It's because most people seem to want a non-volatile asset when talking about store of value assets, rather than an asset that has long-term appreciation. Hence why a lot of people look at gold as a "store of value" — because it's a lot less volatile despite it performing like crap throughout the years.

[wagmi]

What is a good store of value for you?
What makes it unique, what is a must have for a store of value?

In my opinion it’s proven scarcity and Bitcoin is very good at it.

I don't think that the scarcity of Bitcoin makes it a very good store of value.  

But Bitcoin's scarcity is making it a good store of value. If it doesn't have a limit, people were not commited to holding it. People always like scare stuff, be it a material or digital (Bitcoin). Bitcoin is doing what Gold is doing best + additional features.

As a matter of fact, at this moment, I do not consider Bitcoin as a reliable store of value due to its high volatility.  

You are doing it wrong. If people are blended by Bitcoin's volatility, such people have missed Bitcoin's 10 year long gains from 1 Dollar to 20k Dollar.
Reality: Bitcoin is volatile and a store of value.

[AmoreJaz]

The technology behind the bitcoin is the one that makes it a good store of value. It is evident to see a big list of projects that make a comparison with bitcoin. In few months time those projects fade out of the market. So, various factors constitute to make something a better store of value. Consider gold, this is a store of value through its rare availability and it's years of history. With bitcoin it is the technology.

you have valid point on this. because a lot are asking, what's the reason why bitcoin has value not only store of value? no one or nothing is backing the value of btc. but it is the technology behind it why we are using it right now. the concept of supply and demand is the reason why we have the market price for btc. and there are so many contributing factors when it comes to the supply and demand aspect.

[OgNasty]

I don’t consider Bitcoin to be a store of value. It’s a highly speculative asset. When I think store of value, I think things with a very long history of increasing value. That leaves the S&P 500 as the best place to store money, followed by owning your home, and then things like artwork or gold jewelry. Bitcoin is a bet on a new emerging asset class.

[bittraffic]

Artwork is really a fascinating store of value that can increase dramatically, especially if from a known artist. An artwork once displayed or auctioned by Sotheby's, price rockets in the next auction. Not everyone can afford this one though.

If diversification is to be considered, I will still be going for BTC and gold as it's still affordable. They are not just a store of value but an asset to keep.

[wxa7115]

The technology behind the bitcoin is the one that makes it a good store of value. It is evident to see a big list of projects that make a comparison with bitcoin. In few months time those projects fade out of the market. So, various factors constitute to make something a better store of value. Consider gold, this is a store of value through its rare availability and it's years of history. With bitcoin it is the technology.

you have valid point on this. because a lot are asking, what's the reason why bitcoin has value not only store of value? no one or nothing is backing the value of btc. but it is the technology behind it why we are using it right now. the concept of supply and demand is the reason why we have the market price for btc. and there are so many contributing factors when it comes to the supply and demand aspect.

What happens is that many people think of bitcoin as an asset or as a stock and they never consider the possibility of bitcoin being a store of value.

But as we know bitcoin was created as a form of money and one of the characteristics money must have is to be a store of value, now it is true the volatility of bitcoin also has an effect about why people do not consider it a store of value, but when we see the long term trend of the price of bitcoin it only goes up, so that makes it a store of value in my mind even if the volatility is quite high.

[Pierre 2]

I think what makes Bitcoin very reliable store of value is its trading capability. It has huge demand from average people, communities. Like if you offered someone Bitcoin with %10 discount to convert to American dollar, 9 out of 10 people would agree to trade with you. This is main reason. Second reason is its unregulated unlimited structure. You can carry money in usb hard wallet in your pocket and noone would ask you anything about it.

[passwordnow]

I honestly think that gold is still one of the good stores of value in the market and if I have money to have it, I'll definitely have it. But since bitcoin is existing, it's not my priority and my attention is on bitcoin. For those heavy investors of gold, they'll argue that it's the best store of value, and whilst for us, it is bitcoin that's the best store of value. Don't forget about the other assets that can also be of good store value and is good to appreciate as time passes by like real estate. If I have the chance to have them all, I'll do it.

[Jawhead999]

I don’t consider Bitcoin to be a store of value. It’s a highly speculative asset. When I think store of value, I think things with a very long history of increasing value. That leaves the S&P 500 as the best place to store money, followed by owning your home, and then things like artwork or gold jewelry. Bitcoin is a bet on a new emerging asset class.

I think if Bitcoin already proven survived for many decades and everyone trust it, then Bitcoin can be said as store of value. Bitcoin would resistant against government centralization and dictatorship, but we don't know how much Bitcoin will worth since the adoption will highly decreased.

Fiat isn't a store of value too since it's only created by paper, but since everyone are trusting fiat and believe the value based on the number that written on the paper.

[pieppiep]

I still want to keep my money in bitcoins and even though the price will still be as it is now, up and down, I'm not afraid because it's just a part of bitcoin that will probably always be there until later. If you are afraid to save money, maybe you need gold as a place whose price will not change much compared to other types of investments.

Bitcoin is a unique store of value because its price can go down and up, and we never know when that will happen. Apart from that, the rarity of bitcoin is one thing that makes it unique so I think bitcoin is a store of value as well as gold.

[Webetcoins]

I don’t consider Bitcoin to be a store of value. It’s a highly speculative asset. When I think store of value, I think things with a very long history of increasing value. That leaves the S&P 500 as the best place to store money, followed by owning your home, and then things like artwork or gold jewelry. Bitcoin is a bet on a new emerging asset class.

I think if Bitcoin already proven survived for many decades and everyone trust it, then Bitcoin can be said as store of value. Bitcoin would resistant against government centralization and dictatorship, but we don't know how much Bitcoin will worth since the adoption will highly decreased.

Fiat isn't a store of value too since it's only created by paper, but since everyone are trusting fiat and believe the value based on the number that written on the paper.

So we need to wait for that only to see if btc is really a store of value or not? I think that's boring but as of now, many people already trust bitcoin and can say that it's one of the store of value because of its limited supply and as we can see it grew a lot from its over 13 years of existence.

Btc adoption will not decrease but it can only increase since many people didn't knew btc yet. We don't know the exact value of btc but once massive adoption takes place then for sure its value can increase over 100k. Fiat money isn't a store of value not because it's only a paper but because its value depreciates over time due to its unlimited supply.

[Jating]

I still want to keep my money in bitcoins and even though the price will still be as it is now, up and down, I'm not afraid because it's just a part of bitcoin that will probably always be there until later. If you are afraid to save money, maybe you need gold as a place whose price will not change much compared to other types of investments.

As long as you are not going to sell it in a bear market or at least a time that you will never profit then your money is good with it as store of value.

Bitcoin is a unique store of value because its price can go down and up, and we never know when that will happen. Apart from that, the rarity of bitcoin is one thing that makes it unique so I think bitcoin is a store of value as well as gold.

Again, still boils down on how you are going to put your money on it to become a store of value. So it's really up to us per individual on how we are going to make it our own store of value. Because if we look at the price it is very volatile, hence could not be classified per se at SoV.

[wagmi]

I don’t consider Bitcoin to be a store of value. It’s a highly speculative asset.

Bitcoin is a store of value but it has massive upside potential. It is still risky but we need to have an overall view at it.
Despite being very volatile, Bitcoin has resulted in massive gains and is likely to do so again, making it a good store of value.

I don’t consider Bitcoin to be a store of value. It’s a highly speculative asset. When I think store of value, I think things with a very long history of increasing value. That leaves the S&P 500 as the best place to store money, followed by owning your home, and then things like artwork or gold jewelry. Bitcoin is a bet on a new emerging asset class.

I think if Bitcoin already proven survived for many decades and everyone trust it, then Bitcoin can be said as store of value.

I agree, Bitcoin is proven for a long time and will continue to do so. It is just starting because at some point, Bitcoin has to be inventend and is still new.
But it is reliable and we are just extremely early.

Bitcoin would resistant against government centralization and dictatorship, but we don't know how much Bitcoin will worth since the adoption will highly decreased.

Exactly, Bitcoin is also very useful against dictators like Putin.

I still want to keep my money in bitcoins and even though the price will still be as it is now, up and down, I'm not afraid because it's just a part of bitcoin that will probably always be there until later. If you are afraid to save money, maybe you need gold as a place whose price will not change much compared to other types of investments.

As long as you are not going to sell it in a bear market or at least a time that you will never profit then your money is good with it as store of value.

You are right, we should not sell Bitcoin in a bear market because it would mean selling at a loss.
Buy high, sell low is not a good option.