Y3shot (OP)
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August 11, 2023, 07:27:01 PM |
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A lot of people only think of how they can make money from bitcoin to become rich and this is all they can think about bitcoin. Bitcoin can be as a store of value for all assets, making every properties to remain valuable. Bitcoin is a digital property that can be bought without any other expenses attached to it unlike some physical properties expecially Real Estate that has other much expenses that is needed to be spent first before getting the main property, if one should consider to convert this property into another form it will take more expenses for it to get done.
Bitcoin is a store of value, it can converted from one currency to another without losing any value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
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SamReomo
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August 11, 2023, 07:43:31 PM |
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A lot of people only think of how they can make money from bitcoin to become rich and this is all they can think about bitcoin. Bitcoin can be as a store of value for all assets, making every properties to remain valuable. Bitcoin is a digital property that can be bought without any other expenses attached to it unlike some physical properties expecially Real Estate that has other much expenses that is needed to be spent first before getting the main property, if one should consider to convert this property into another form it will take more expenses for it to get done.
Bitcoin is a store of value, it can converted from one currency to another without losing any value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
That's true, most of the Bitcoin users invest in Bitcoin only to get prosperous life because of that investment and there is nothing wrong in such mentality as we all know that many people have earned fortunes when they have invested in Bitcoin in its early days. The thing may be different for the ones who are investing in Bitcoin at its current price mark as only those may be financially free who could spend at least hundred's of thousands in it. I agree with the fact that many people underestimate the importance of Bitcoin when it comes to its true nature. Bitcoin is actually an asset that can be considered as a store of value and it doesn't bear any other expenses for the ones who have bought it other than the transaction fees. In that sense we can consider Bitcoin as a great source of value and it can be grabbed without much expenses. Now a days the exchanges have made it easier for us to convert Bitcoin to any other currency with much expenses, but still with those exchanges we are loosing the decentralized nature of the Bitcoin with which it was made. But, if we ignore the fact of decentralization then it's a child's play to convert Bitcoin to any other crypto currency or even fiat without much fees or charges.
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jossiel
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August 11, 2023, 08:07:32 PM |
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A lot of people only think of how they can make money from bitcoin to become rich and this is all they can think about bitcoin. Bitcoin can be as a store of value for all assets, making every properties to remain valuable. Bitcoin is a digital property that can be bought without any other expenses attached to it unlike some physical properties expecially Real Estate that has other much expenses that is needed to be spent first before getting the main property, if one should consider to convert this property into another form it will take more expenses for it to get done.
Differentiating real estate and Bitcoin as investments are way off IMHO. Both are good investments, you don't need maintenance to maintain the Bitcoins that you're holding. Unlike in real estate, you have to and it's physically present. Bitcoin is a store of value, it can converted from one currency to another without losing any value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
One of the other physical form as a store of value is gold but, if I have to choose then definitely and without a doubt I'll go ahead to choose Bitcoin. No doubt that it is the best store value that I currently have.
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Aanuoluwatofunmi
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August 11, 2023, 08:20:25 PM |
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Bitcoin is a digital property that can be bought without any other expenses attached to it unlike some physical properties expecially Real Estate that has other much expenses that is needed to be spent Bitcoin is a digital asset that you don't need a maintenance fee for, once you invested you're done, no charges or regulations required to serve as a billing means to task you for investment in bitcoin, this also clarifies that you can make use of the bitcoin wallet freely and you can also decide on using an affordable transaction fee you want or better still customize it on your own, the wallet is freely downloaded and you can hold as many as possible bitcoin asset in it without any charges because it's decentralized.
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lionheart78
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August 11, 2023, 08:31:30 PM |
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Bitcoin is a store of value, it can converted from one currency to another without losing any value. Yes, Bitcoin is acknowledged as a store of value but its high volatility makes it considered a poor kind of store of value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
Hmm... how about those investors who convert their fiat currency to Bitcoin at $69k? Do you think they consider Bitcoin a good store of value. Before jumping to any conclusion, I believe we must know what is a good store of value first. Understanding a Store Of Value A store of value is essentially an asset, commodity, or currency that can be saved, retrieved, and exchanged in the future without deteriorating in value. In other words, to enter this category, the item acquired should, over time, either be worth the same or more. This had been an arguement for so long and the reason why financial institutions hardly consider Bitcoin as money. At some point, Bitcoin is a good store of value but at in another point, it became poor store of value, once every cycle when the market transitioned to a bear market, the time when Bitcoin greatly lost it price value.
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Mr.suevie
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August 11, 2023, 08:35:45 PM |
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Bitcoin is a digital property that can be bought without any other expenses attached to it unlike some physical properties expecially Real Estate that has other much expenses that is needed to be spent Bitcoin is a digital asset that you don't need a maintenance fee for, once you invested you're done, no charges or regulations required to serve as a billing means to task you for investment in bitcoin, this also clarifies that you can make use of the bitcoin wallet freely and you can also decide on using an affordable transaction fee you want or better still customize it on your own, the wallet is freely downloaded and you can hold as many as possible bitcoin asset in it without any charges because it's decentralized. All this features that you have highlighted are the all the major reason Satoshi set on the Wonderful journey to device such a currency that can't be controlled by any government official body or centralized bank. Bitcoin is the only asset now that is anti inflation because of it feature to retain value even over a long period of time. If am to get rid of anything I have , I would rather sell off that thing and save it all on Bitcoin in the coming years.
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BIT-BENDER
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August 11, 2023, 08:51:13 PM |
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Bitcoin is a store of value, it can converted from one currency to another without losing any value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
Maybe you are describing stable coin here and not Bitcoin, Bitcoin can sure lose value and Also gain value that's why it's a volatile coin, but unlike stable coin that remain pegged to the US dollar in value Bitcoin actually do rise which can give returns in investment to the holder this is the positive side of holding Bitcoin. Bitcoin in my opinion is majorly seen as a form of investment than just a store if value because the intentions of majority of new holders is to make profit at the end of the day
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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mk4
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Paldo.io 🤖
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August 11, 2023, 08:57:47 PM |
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Why even compare bitcoin to real estate? While it's debatable their either can be used as a store-of-value, they're 2 very different assets with different advantages, disadvantages, and characteristics in general. It's like comparing being a doctor and being a lawyer.
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Curated Crypto Airdrop Database
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serjent05
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August 11, 2023, 09:13:56 PM |
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Bitcoin is a store of value, it can converted from one currency to another without losing any value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
Maybe you are describing stable coin here and not Bitcoin, Bitcoin can sure lose value and Also gain value that's why it's a volatile coin, but unlike stable coin that remain pegged to the US dollar in value Bitcoin actually do rise which can give returns in investment to the holder this is the positive side of holding Bitcoin. As far as I remember, volatile is one factor that nullifies the capability of a thing to become a good store of value, the higher it is the higher the resistance of being a good store of value. And Bitcoin is considered highly volatile crypto currency. Bitcoin in my opinion is majorly seen as a form of investment than just a store if value because the intentions of majority of new holders is to make profit at the end of the day
I agree, this is the trend of the investors, This is also why companies that wanted to exploit the potential of Bitcoin flock in and adopt Bitcoin integrating it to their system. They see Bitcoin as a good form of investment but I am afraid that most of them don't think Bitcoin is a good store of value.
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suzanne5223
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August 11, 2023, 10:12:43 PM |
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Bitcoin is a store of value, it can converted from one currency to another without losing any value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
Maybe you are describing stable coin here and not Bitcoin, Bitcoin can sure lose value and Also gain value that's why it's a volatile coin, but unlike stable coin that remain pegged to the US dollar in value Bitcoin actually do rise which can give returns in investment to the holder this is the positive side of holding Bitcoin. Bitcoin in my opinion is majorly seen as a form of investment than just a store if value because the intentions of majority of new holders is to make profit at the end of the day It does look like he's talking about stablecoin here. Even stablecoin loses value at some point and we have also seen a situation where stablecoin de-peg to the USD. Yes, Bitcoin has good store-of-value characteristics but the OP lacks the understanding that it can lose its value to do some reason because Bitcoin is subject to volatility
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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Hamza2424
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🇵🇰 Pakistan
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August 11, 2023, 10:21:38 PM |
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A lot of people only think of how they can make money from bitcoin to become rich and this is all they can think about bitcoin. Bitcoin can be as a store of value for all assets, making every properties to remain valuable. Bitcoin is a digital property that can be bought without any other expenses attached to it unlike some physical properties expecially Real Estate that has other much expenses that is needed to be spent first before getting the main property, if one should consider to convert this property into another form it will take more expenses for it to get done.
Bitcoin is a store of value, it can converted from one currency to another without losing any value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
Hmm, This really depends on the global peace situation s we are in the digital age and our whole world is now based on the network called the Internet, there is a point where I want to prove some facts about the vulnerability of Bitcoin the store of value end. Just consider a single day Internet gets down don't you think it will cost us the loss of Billions? Now consider for a moment the crisis like a war between two major nations it will destroy digital assets in my view and there we need a commodity recognized globally because in a war situation most of the stability depends on natural resources and assets like Gold, Bitcoin is volatile by nature it can be a good store of value but not in the crisis times. There is one more positive point a War like situation takes time to develop its not like you sleep by investing in Bitcoin as your money is safe and wake up and see we are in a War age haha so you can take an exit according to the developments. My point is there are vulnerabilities with a mare chance but anything is possible. So stay informed with all rounds.
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PX-Z
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August 11, 2023, 10:30:24 PM |
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The comparison is way-off useless. Bitcoin is a store of value, it can converted from one currency to another without losing any value.
Tell me you don't understand bitcoin without telling it, huh. Have you ever exchange bitcoin to another currency? Or you just read/heard this bitcoin maximalist statement somewhere else? Bitcoin is too volatile it changes its value anytime even before you exchange it
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coupable
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August 11, 2023, 10:32:37 PM |
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A lot of people only think of how they can make money from bitcoin to become rich and this is all they can think about bitcoin. Bitcoin can be as a store of value for all assets, making every properties to remain valuable. Bitcoin is a digital property that can be bought without any other expenses attached to it unlike some physical properties expecially Real Estate that has other much expenses that is needed to be spent first before getting the main property, if one should consider to convert this property into another form it will take more expenses for it to get done.
Bitcoin is a store of value, it can converted from one currency to another without losing any value. Their are other physical form in which people can consider to be a better way to store their assets, but getting it done it can take expenses that will make the asset lose value. The potential to make good gain out of an asset without losing its initial value proves the worth of the asset and this is exactly what bitcoin is as a good store of value .
This is correct. Most users accept Bitcoin for investment purposes mainly, as happened in the early days of Bitcoin, and few of them use Bitcoin for normal business. But we must not forget that this is one of the most important reasons that contributed to raising awareness of Bitcoin and Blockchain in general. Also, there is a significant percentage of users who adopt Bitcoin in their business, especially those who work as freelancers on the Internet. We should also not forget that in the early years of Bitcoin, the use of Bitcoin in suspicious activities on the dark web contributed to spreading awareness of it in the same way that it is happening today with investment purposes.
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taufik123
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August 11, 2023, 10:50:52 PM |
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Bitcoin in my opinion is majorly seen as a form of investment than just a store if value because the intentions of majority of new holders is to make profit at the end of the day
I agree, this is the trend of the investors, This is also why companies that wanted to exploit the potential of Bitcoin flock in and adopt Bitcoin integrating it to their system. They see Bitcoin as a good form of investment but I am afraid that most of them don't think Bitcoin is a good store of value. Some of those who try to integrate Bitcoin into their systems or adopt it fully are only interested in Bitcoin's profits and price fluctuations, not as good storage. Bitcoin cannot be said to be a good store of value because of its high volatility, resulting in price fluctuations that could risk the value of the Bitcoin currency. There is no guarantee that Bitcoin will remain stable because it is not a stablecoin. If you want to find a good value storage instrument, gold may be more advisable.
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Dr.Bitcoin_Strange
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August 11, 2023, 11:02:24 PM |
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An asset can be a store of value as long as it holds your finances and doesn't depreciate in value but rather appreciates in value for the sake of earning you profit. You can say that real estate and other landed properties that appreciate over time are all stores of value, but Bitcoin is also a very digital store of value. I can say that Bitcoin is the top investment or store of value for most people now, compared to other assets. Majority of people are venturing into Bitcoin investment, and it really shows how valuable Bitcoin can be. Despite the fact that some people are not Investing in Bitcoin, quite a large number of people are real Bitcoiners. Although some people lack knowledge about it, and that's why they have not realised Bitcoin as a cool store of value.
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ChiBitCTy
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August 11, 2023, 11:05:08 PM |
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You mention how a lot of people only think of bitcoin in terms of "getting rich" and that is certainly the case, but thinking of it as in terms of a hedge is still in that same arena of investing. I love bitcoin because of what it represents as an alternative money solution, but I guess it's an okay hedge..but nothing like gold. Precious metals are a lot more stable. They don't have the upside, of course, but also of course, that's not what hedges are for.
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AmoreJaz
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August 11, 2023, 11:05:28 PM |
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An asset can be a store of value as long as it holds your finances and doesn't depreciate in value but rather appreciates in value for the sake of earning you profit. You can say that real estate and other landed properties that appreciate over time are all stores of value, but Bitcoin is also a very digital store of value. I can say that Bitcoin is the top investment or store of value for most people now, compared to other assets. Majority of people are venturing into Bitcoin investment, and it really shows how valuable Bitcoin can be. Despite the fact that some people are not Investing in Bitcoin, quite a large number of people are real Bitcoiners. Although some people lack knowledge about it, and that's why they have not realised Bitcoin as a cool store of value.
maybe not most people because the percentage of global population who are into crypto market is still small. but i can say, the numbers are growing as the confidence to get into this market is increasing. this is due to the fact that known companies and countries are vocal in supporting the crypto market. remember the time when crypto market was seen as the fraudulent market, or an illegal one, now, the sentiments are changing. this market may not be for all people, but those who have the courage to venture this market, will thank themselves for finding this market.
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Fiatless
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August 11, 2023, 11:28:39 PM |
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Maybe you are describing stable coin here and not Bitcoin, Bitcoin can sure lose value and Also gain value that's why it's a volatile coin, but unlike stable coin that remain pegged to the US dollar in value Bitcoin actually do rise which can give returns in investment to the holder this is the positive side of holding Bitcoin.
Bitcoin in my opinion is majorly seen as a form of investment than just a store if value because the intentions of majority of new holders is to make profit at the end of the day
Stablecoins are not generally a good store of value because they are pegged to a currency that losses value and also suffers from inflation. The name stablecoin doesn't mean that they are stable because no fiat currency has been stable over the years. Using a stablecoin as a store of value is the same thing as buying dollars and keeping it in your bank account. It will gradually lose its worth over time. If you consider the average returns from Bitcoin over the last decade, it will be clear that it is a better store of value than most precious stones like gold. And it still has the potential of increasing in value in the future. It will be better to consider Bitcoin as a better store of value than the so-called stablecoins.
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Faisal2202
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August 11, 2023, 11:55:32 PM |
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I can not agree more on this because Bitcoin really is a good store for value that's why BTC enthusiasts call it a hedge against inflation because it is a proved theory from the past ten years which BTC has made. That there is no other best store for value then BTC which is also decentralized, provides anonymity and scarcity. There are other factors do exist but these are the main ones.
That's why some people prefer to trade in btc while many os i should say the number of hodlers are keepi increasing because they do understand the potential btc have for long term and how much money those people could make by just storing there money's value into BTC for longer period of time.
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franky1
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August 12, 2023, 12:37:27 AM |
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what people need to realise is that "store of value" is not a "lock in of price" or a "store of wealth amount bought" the best way to describe it is to imagine "value" as a wholesale amount sitting below the market so take a chart of 2020-now and draw a diagonal line that goes from ~$2k at start of 2020 to $20k now![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F0FvQbPM%2F2020-storevalue.png&t=665&c=UZ5cwb9fNfi7yQ) you will notice at the ATH of 2021 the value line is about $10k and you will notice the correction to bottom of 2022 price and value are both near on the same at $15k so imagine you bought bitcoin late 2022 at $16k.. the value was ~$6k meaning your only ensuring $6k of your $16k or in simple terms 40% store of value however holding it until now that value line increases meaning more of the value is stored. which by today standards. that $16k bought late 2020 is now at a value line of $20k meaning 125% store of value if you bought at $65k at the ATH date. the value line was at $10k meaning 15%, which held until today is increasing value but only 30% if you bought at $16k at the 2022 december correction bottom date. the value line was at $15k meaning 94%, which held until today is increasing value but only 125% the secret is the value line will go up. slowly and stable. helping gain the store of value over time. and if you ensure you dont buy on a high and buy the low you can buy more value store % early thus dont have to wait as long to get 100%+ emphasis think of value as a whole sale amount that sits below the market. which gently increases over time
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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