Money as a store of value...

[Poker Player]

Well, fiat money is a poor store of value because it keeps losing purchasing power. There are some better than others, however, as the Euro is much better than the Bolivar, for example.

The issue right now is that saving money while inflation is plaguing the economy is a bad idea all around.

Of course, inflation is much more noticeable now than in 2015 for example, so it is better to look for better stores of value than fiat, such as Bitcoin, but if we buy Bitcoin with that idea we must do it for the long term and be aware of the volatility.

I would say since we are in the bitcointalk world, I would guess that there is a bit more likeliness to buy bitcoin than gold, and that way you would be able to hold your money in something that is easily liquidated and you would be able to take a profit from the ups and downs of the fiat world as well. It is not going to end up with anything at all, but there is absolutely no way that I would give that up.

Not many people consider that as an option in the world just yet, and most still prefer gold, but there will be time when bitcoin will surpass gold as an option. That won't happen anytime soon, like this year, but in the next 10 years it could happen.

We may be a bit biased on this forum regarding Bitcoin, but I agree with the general analysis you make. I believe that little by little the trend is already reversing.

[SirLancelot]

Since money is accepted as a store of value, trade is much more efficient.When an individual or business accepts money in exchange for a goods and services, the seller can store the money in a bank account and retrieve it later in the future.

This ability to store value over time is one of the critical functions of money in an economy.

Money surely can serve as a store of value but it is not always going to maintain its worth in the long run, since some currencies lose value when there is an economic crisis within a region, so it will surely do the work of storing the value but it might not be able to maintain that value and your wealth is likely to lose value over time.

I believe assets like gold and silver and cryptocurrencies like Bitcoin can provide better opportunities for transferring buying power from present to future since they will maintain or even increase the value of your money over time.

[Wildwest]

Money is indeed a tool that is currently often used to get an item we want, and money has become a storage tool that we can still use in the future and its value remains the same even though it has changed years, but it is very different from gold and silver although they can store value but at any time they can change in value and are very dependent on economic development, But in the past money was not everything because there were still many people who bartered between one item and another and they were used to it and at that time money was not as reliable as it is today.

[posi]

Since money is accepted as a store of value, trade is much more efficient.When an individual or business accepts money in exchange for a goods and services, the seller can store the money in a bank account and retrieve it later in the future.

This ability to store value over time is one of the critical functions of money in an economy.

Money surely can serve as a store of value but it is not always going to maintain its worth in the long run, since some currencies lose value when there is an economic crisis within a region, so it will surely do the work of storing the value but it might not be able to maintain that value and your wealth is likely to lose value over time.

I believe assets like gold and silver and cryptocurrencies like Bitcoin can provide better opportunities for transferring buying power from present to future since they will maintain or even increase the value of your money over time.

It can be said that money used to be a reliable store of value, but with increasingly unstable economic development creating a crisis, money is no longer a safe store of value. Money still plays an important role in the commodity exchange system of the worl d economy, but it shouldn't be considered a store of value these days.
I agree with you, metals, real estate, or bitcoin are more suitable than money as a store of value because, over time, they not only maintain the value of our assets but can even profit for us so that we can resist the devaluation of the currency.
We can't eliminate money from our lives but don't trust it too much as its value decreases every day, diversify your assets if you don't want to be poor in the future.

[Aikidoka]

Since money is accepted as a store of value, trade is much more efficient.When an individual or business accepts money in exchange for a goods and services, the seller can store the money in a bank account and retrieve it later in the future.

This ability to store value over time is one of the critical functions of money in an economy.

Money surely can serve as a store of value but it is not always going to maintain its worth in the long run, since some currencies lose value when there is an economic crisis within a region, so it will surely do the work of storing the value but it might not be able to maintain that value and your wealth is likely to lose value over time.

I believe assets like gold and silver and cryptocurrencies like Bitcoin can provide better opportunities for transferring buying power from present to future since they will maintain or even increase the value of your money over time.

Correct! Generally, money will hold its value with a little bit of volatility, even in times of financial crises in certain countries, which may affect the local currency. However, in the long run it is still safe to use your local currency, especially if your country is strong and stable.

As you mentioned above, assets can provide additional wealth and are less likely to be affected over time. In fact, they may even increase in value and provide a profit, making them excellent long-term investments. Three such assets that come to mind are gold, real estate, and Bitcoin. These investments are known to be profitable and relatively stable over time.

[ringgo96]

Now all countries have used money as a legal means of transaction, and money has indeed been relied on as a stable store of value, and now everything we need must use money as a means of payment, but in the past there was barter between one item and another and this was already common among the public because at that time there was no special provision from the government in using a certain currency to get an item, And I believe money will continue to be a store of value for the foreseeable future.

[Aanuoluwatofunmi]

money is an evolution of the previous way of exchanging goods. well you could say it also has value in it even though at first money was just paper. but it became a high value when the state decided to use money as a medium of exchange for goods before using the barter system to exchange goods. The existence of paper money also makes wealth and poverty a consideration that can be mentioned when they can show how much and how little money they have.

I can't accept money in form of fiat as a store of value or a profitable asset because alot of factors are waiting to degrades it value down along the line whereby what a thousand dollars can buy may not be able to afford buying it anymore except you added to it, inflation is one of the major player i will this kind of occurrence, but the digital technology has advanced the financial monetary system with cryptocurrency and one can invest in bitcoin and make good return from it over time without being affected by inflation or economy instabilities.

[Wend]

money is an evolution of the previous way of exchanging goods. well you could say it also has value in it even though at first money was just paper. but it became a high value when the state decided to use money as a medium of exchange for goods before using the barter system to exchange goods. The existence of paper money also makes wealth and poverty a consideration that can be mentioned when they can show how much and how little money they have.

I can't accept money in form of fiat as a store of value or a profitable asset because alot of factors are waiting to degrades it value down along the line whereby what a thousand dollars can buy may not be able to afford buying it anymore except you added to it, inflation is one of the major player i will this kind of occurrence, but the digital technology has advanced the financial monetary system with cryptocurrency and one can invest in bitcoin and make good return from it over time without being affected by inflation or economy instabilities.

Money was once a store of value, but it is no longer relevant because inflation kills it daily. Instead, we have alternatives like bitcoin, gold or other metals because these assets will increase in value over time instead of decreasing like money. But nothing is perfect, bitcoin investment can help us fight inflation but also make us poorer because bitcoin is a volatile asset, and its future is uncertain. If talking the best place to store value today is still gold and real estate.

[bangjoe]

Since money is accepted as a store of value, trade is much more efficient.When an individual or business accepts money in exchange for a goods and services, the seller can store the money in a bank account and retrieve it later in the future.

This ability to store value over time is one of the critical functions of money in an economy.

Money surely can serve as a store of value but it is not always going to maintain its worth in the long run, since some currencies lose value when there is an economic crisis within a region, so it will surely do the work of storing the value but it might not be able to maintain that value and your wealth is likely to lose value over time.

I believe assets like gold and silver and cryptocurrencies like Bitcoin can provide better opportunities for transferring buying power from present to future since they will maintain or even increase the value of your money over time.

More precisely, basically Fiat money is a storage of value we know about it, but indeed the fiat money cannot maintain its value because the supply is always increasing which makes its value continue to decline, whether its use for saving the crisis or whatever is intended in the goal so that it print money In addition and then circulated, it will make the Fiat currency decrease in value because the supply of money is a lot, while the demand for money is only relatively stagnant that makes a currency decrease in value. Therefore, even though Fiat is a storage of values, but it is not effective in the long run because based on the situation above.

Gold, Bitcoin, Silver and others as a storage of values that are effective now also depending on the market demand, because most people already believe in gold or other noble minerals as a storage of values so that makes it worthy of a storage of value.

[Dr.Bitcoin_Strange]

I don't agree if you say money is a store of value. I agree more with gold, and land as a store of value. this is because the value of gold always has a stable value, even if the price of gold falls not as badly as the value of money collapses, the same goes for land, every year it always has an increasing value, and land also depends on the area owned by a person.
therefore I prefer gold and land as a store of value

I can say that the things you have preferred are really stores of value and assets because they create more value for investment purposes and also generate income. Money can also still be referred to as a store of value because the purchasing power of money can buy you more assets of value, like the land and gold you talked about. You use money to do so many things that money can cost, so without the money, you can definitely not acquire land and gold unless you date back to the olden days when there was trade by barter, but since the introduction of monetary policy, bank notes are now respected for their purchasing power to buy things in the market. Despite the devaluation of money, the idea of money cannot be permanently eradicated, as its value may reduce more than it does now unless there is a solution that will make it gain more value. But normally, keeping just cash in one place without doing anything with it will either make the money just remain like that or reduce its purchasing power, but when you use the money to buy an asset that can create more value for yourself, then you have realized the purpose of money, which is to buy us more value.

[YinShuiSiYuan]

Money is the main thing that is required for smooth functioning of day to day chores and the basic medium of transaction is money  so yes money is the store of value along with certain things like gold and stuff  .
The frequency with which value of money I'd fluctuating is the reason people are reluctant to save money for future infant they are looking for different new and profitable options to secure their future.

[Silberman]

Money is the main thing that is required for smooth functioning of day to day chores and the basic medium of transaction is money  so yes money is the store of value along with certain things like gold and stuff  .
The frequency with which value of money I'd fluctuating is the reason people are reluctant to save money for future infant they are looking for different new and profitable options to secure their future.

Money should be a store of value as this is part of its history, before money as we know it existed commodities were used to barter, then commodity currencies appeared and they derived their value from their usefulness and as such they were a store of value, finally with the advent of coinage money as we know it was born with the creation of gold and silver coins, however fiat currencies have distorted this and instead of being a store of value they steal it, and it is one of the main reasons why bitcoin was created at all by Satoshi.

[uchegod-21]

One of the functions of money in an economy is that it's serves as a store of value.

Yea, money is in no doubt a store of value but it is not a good store of value because it loses its value over the time. Not many people will want to store their value in money rather they would like to use money for exchanges of value rather than to store the value.

     While money is an asset that can store value, and also Gold and silver for example, acts as store of value.

Gold and other valuable assets are good store of value especially gold because it is in appreciation value over the years. Bitcoin can be a good store of value because it is a hedge against inflation unlike fiat money.

[Davian144]

Now all countries have used money as a legal means of transaction, and money has indeed been relied on as a stable store of value, and now everything we need must use money as a means of payment, but in the past there was barter between one item and another and this was already common among the public because at that time there was no special provision from the government in using a certain currency to get an item, And I believe money will continue to be a store of value for the foreseeable future.

Times have changed so much that there is no need to talk about bartering goods for goods that happened in the past before money existed. Because it has become history in this world where before there was money exchange and trade also happened through one item with another.

And this is actually not much different and almost the same as we exchange coins for other coins in an all-digital market at this time. So now is the era when money must be seen as an important tool that can be used to measure the price of goods, store the value of assets and buy the things we need.

[Uruhara]

One of the functions of money in an economy is that it's serves as a store of value.

Yea, money is in no doubt a store of value but it is not a good store of value because it loses its value over the time. Not many people will want to store their value in money rather they would like to use money for exchanges of value rather than to store the value.

     While money is an asset that can store value, and also Gold and silver for example, acts as store of value.

Gold and other valuable assets are good store of value especially gold because it is in appreciation value over the years. Bitcoin can be a good store of value because it is a hedge against inflation unlike fiat money.

Money can indeed be a store of value if it is only to be kept for a short time. but Money cannot be a store of value in the long term. Because inflation continues to undermine the value of the currency itself from year to year.

Money really can't retain its value in the long run. In contrast to Gold, whose actual value has never been affected by inflation. And gold continues to be able to maintain its value over time even for decades or more.

For Bitcoin I prefer to think of it as the best place to invest in this digital age. But for a store of value it is still very risky to do.

[Tony116]

One of the functions of money in an economy is that it's serves as a store of value.

Yea, money is in no doubt a store of value but it is not a good store of value because it loses its value over the time. Not many people will want to store their value in money rather they would like to use money for exchanges of value rather than to store the value.

     While money is an asset that can store value, and also Gold and silver for example, acts as store of value.

Gold and other valuable assets are good store of value especially gold because it is in appreciation value over the years. Bitcoin can be a good store of value because it is a hedge against inflation unlike fiat money.

Money can indeed be a store of value if it is only to be kept for a short time. but Money cannot be a store of value in the long term. Because inflation continues to undermine the value of the currency itself from year to year.

Money really can't retain its value in the long run. In contrast to Gold, whose actual value has never been affected by inflation. And gold continues to be able to maintain its value over time even for decades or more.

For Bitcoin I prefer to think of it as the best place to invest in this digital age. But for a store of value it is still very risky to do.

If compared to be a store of assets, gold will be the number 1 choice because of its stability and safety, whether the world changes or enters the digital world, gold will always be the most reliable physical asset. Bitcoin is too volatile, and its future is uncertain as it is not as widely recognized as gold, so to say it is a safe store of value is not entirely true, I agree with your thinking. A store of value means stability and safety are required, whereas bitcoin is unstable and volatile asset, it is more suitable for investment than as a store of value.

[wajik-tempe]

Money is the main thing that is required for smooth functioning of day to day chores and the basic medium of transaction is money  so yes money is the store of value along with certain things like gold and stuff  .
The frequency with which value of money I'd fluctuating is the reason people are reluctant to save money for future infant they are looking for different new and profitable options to secure their future.

I recognize your point on the need of money for everyday uses and its function as a store of value. It is true that changes in the value of money over time might make it difficult for some people to save money for the future. Some people might be hesitant to hold onto significant sums of cash savings because of the possibility of inflation and changes in the state of the economy devaluing money's ability to buy things.
Even if the value of money may change, it is still crucial to preserve money for the future. There are numerous strategies to save money, invest money, and produce returns over time while reducing the impact of inflation. These can comprise choices like stock investing.

[uchegod-21]

One of the functions of money in an economy is that it's serves as a store of value.

Yea, money is in no doubt a store of value but it is not a good store of value because it loses its value over the time. Not many people will want to store their value in money rather they would like to use money for exchanges of value rather than to store the value.

     While money is an asset that can store value, and also Gold and silver for example, acts as store of value.

Gold and other valuable assets are good store of value especially gold because it is in appreciation value over the years. Bitcoin can be a good store of value because it is a hedge against inflation unlike fiat money.

Money can indeed be a store of value if it is only to be kept for a short time. but Money cannot be a store of value in the long term. Because inflation continues to undermine the value of the currency itself from year to year.

Money really can't retain its value in the long run. In contrast to Gold, whose actual value has never been affected by inflation. And gold continues to be able to maintain its value over time even for decades or more.

For Bitcoin I prefer to think of it as the best place to invest in this digital age. But for a store of value it is still very risky to do.

Apart from money losing some value due to inflation on the long run, money could totally turn to be a bad store of value if there is redesign of currency. You might have saved your money locally and have a long journey, after so many years you will discover that there is a change in currency denominations or design and this will render all the money in your possession useless.
I have to also agree with you that bitcoin is not a good store of value because of its volatility, but it can be used as a hedge to inflation.

[eXtremal]

actually it is still less effective but because money becomes a storage value for exchanging goods it also makes it easier for people to carry them. I believe that the existence of paper money now is how they find a solution to exchange goods for the better. it doesn't have to be a barter system anymore. but having money as a medium of exchange makes it more convenient to carry around because it's smaller. but inflation is the main problem.

[vanesha]

well sadly gold is coming back in the future as a store value that is a thing that's going to happen, even though right now our currency is paper money. but at this time inflation continues, until now for paper currencies to continue to experience inflation it does not happen on purpose but that is what happens to unstable money circulation. I hope that in the future they realize it to also start investing some money in a form that is not easy to experience inflation.