I've heard a lot about the potential of Bitcoin as a store of value. Can someone explain how its scarcity and decentralized nature contribute to its value proposition?
I hope this brings more understanding to y'all as it will to myself... thank y'all for the reply so far... corrections made already and I await more of your thoughts and replies about this !

I guess you can find a lot of answers to your questions navigating the resources I collected in the linked thread:

5 Resources to teach Average Joe about Bitcoin

Hope it helps.

I'm also surprised by the topic title, which is completely unrelated to the content itself. OP, you must have read motivational books like "How to attract users to your topic, make a discouraging title"?
A little advice, especially since you care so much that everyone is mutually polite, is to read this thread. I think you will follow the ethics of the forum and heed the advice.


https://bitcointalk.org/index.php?topic=5182260.0

Just look at the chart below and you will find out how the scarcity of bitcoin contributes to it's value proposition.
After every halving the bitcoin becomes more scarce and it becomes more tough to mine more bitcoin.
This eventually increases bitcoin price and value.

It’s just that title like this are mostly found in blog posts that are there for click baiting or some YouTube videos that were posted to draw the attention of the public but when you finally click on them to see what they contain you’ll be left disappointed.

You should keep at the back of your mind that Bitcointalk.org is not a social media platform so it seems pointless using such title and I don’t think it’s good to recommend others to use such technique and trust me if you continue with such posting habit sooner than later you’ll find yourself in the ignore list of many forum members.

You said “you don’t want to miss out of the replies “ and going through the replies I see that most of them are about your choice of title so just take your time and reflect on it again if your predictions were correct about the replies.

Yeah, in crypto space, you will get to listen a lot about BTC is a store of Value Or BTC is a hedge against inflation etc. The back story for both is same. Which is scarcity and decentralization of it. I could extend it to other factors too but you specifically mentioned these two so i am going to make it on these two factors only.

1. Scarcity: means limited supply which means, BTC in compared to Gold has limited supply which means with time the demand of the BTC will exceed supply thus Price of BTC will increase.

2. Decentralization: Unlike Gold, BTC is not controlled by some or group of entities. You must be thinking how gold is managed by single entity. It's not but tracked, processed by single or group of governments. Point is, Gold's supply could be restricted but BTC shops will be open always.

When the value will increase due to scarcity and demand will increase due to decentralization factor, The price will be increasing too. Not to mentioned halving process which is the main player of whole game. Which assure the price to move up with time. 

This is not actually related or of any importance to what was posted! You should not force yourself replying to a post you lack understanding of. Just stay quiet and learn okay!

Bitcoin has gone passed the stages of been a potential store of value because it already is and that's because it seems the initial target of Bitcoin been a currency is receiving some backlashes due to the government strongly fighting against that form happening because it'll mean they'll lose control of the finance of their citizen and without been in control of power (money) their government won't be taken seriously. Bitcoin is a store of value which is what investors are attracted to investing in Bitcoin. The scarcity of bitcoin (limiting the supply to just 21 million coins that can ever be minted) means that inflation won't be a problem for Bitcoin and the value of your investment can always intact.

The decentralized nature contribute to its value proposition because Bitcoin is different from other currency as they are all centralized but since Bitcoin is different it give those interested in it an alternative to the fiat (centralized) system and a different means of exchange. If bitcoin wasn't decentralized, it won't have been any different from the numerous fiats solution that we already have but because it is different and has a fixed supply it's the better alternative to fiat transactions.