Bitcoin as good store for value

[Aanuoluwatofunmi]

Well, since everybody has seen how the price can fluctuate , majority of them now think it's a means for them to make quick money.

Ofcourse there's nothing bad in that if we can take advantage in making money through the market volatility, it's an additional advantage on us to realize profits, some are into trading and only make target on bear market to make their profit on the kind of trade they do, some make their own prediction as well and make money also.

Some don't have any patience at all, and just wants to live in the moment.

We don't have to be anxious for nothing, why the need for rushing in doing things when there are protocols needed to be used in doing anything, patience is the key to achieving the best results but it may only take time and extra efforts which many are not ready to give.

[YUriy1991]

BTC is like digital gold. It's valuable and its price goes up a lot every 4 years. That's better than actual gold, which hasn't changed much over time. Gold's stable, but it's a bit boring. Bitcoin's exciting because it goes up and down a lot, and that's always been part of its unique nature

...and anyone who can read price charts can now buy/sell Bitcoin. Properly gauging the current mood and momentum will help predictions and Why Trade Bitcoin Over Other Instruments? Different from traders, the goal is to accumulate the largest amount of Bitcoin and this makes sense because we also expect it to become very valuable in the future of course at the expense of spending several months to build such a fund.

Yes, it will do wonders for your mental discipline, as well as test your resolve to face the risks of real money trading and of course Successful traders are able to overcome excessive sentiment to assess the market with objectivity.

[bayu7adi]

Gold tends to have a longer cycle like about 10 years or more, not 4 years cycle like Bitcoin but it is volatile sometimes like how it grew a lot each decade and around pandemic. Bitcoin is more volatile because it is in a new market with less regulations and it is digital so it gives people more easily ways to access, buy and sell it. It is a more favorite speculative and manipulative asset for investors and market manipulators too.

Yup, it seems like most of us already grasp that Bitcoin can be manipulated, but everyone still seems to appreciate this aspect. Manipulation leads to price fluctuations that remain unpredictable for some speculators, even though this direction is determined by insiders who play the role of drivers.

In fact, with these manipulators in place, some may believe that those behind the scenes will continue to support Bitcoin regardless of what unfolds. It's crucial for small to mid-level investors to exercise caution, as the potential for getting hooked on Bitcoin investments will always be present for those who enjoy speculation. While your goal may be to hodl, always use common sense when buying Bitcoin within your affordable range.

[Renampun]

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 .

Bitcoin is a very simple and hassle-free investment set, you buy it and then store it in your personal wallet without needing to provide a large space or levy storage taxes. Apart from that, the thing I really like about Bitcoin is its resistance to inflation. since the first Bitcoin when it made a splash and passed the price of $10,000, Bitcoin has been trusted by many investors to maintain the value of their money. Bitcoin cannot be manipulated by government policy, the current value of Bitcoin is a form of trust among many people.

[Lakai01]

Bitcoin is a very simple and hassle-free investment [...]

I don't see it that way, no. Due to its structure, Bitcoin is absolutely not suitable for the average investor who wants to know that his money is stored as securely as possible and also to achieve a small return.
 
I would equate Bitcoin with classic high-risk investments on the stock market and recommend it to friends only to those people who already have experience with such things - as an investment, not the idea behind it. Unfortunately, only very few people hold their BTC for ideological reasons; everyone wants to get more USD/EUR at the end of the day than they have invested.

[yudi09]

-snip-

But unfortunately, there are still many people out there who do not fully understand the use of Bitcoin even though Bitcoin does not sound familiar to them.

All of these positive things about bitcoin need to be disseminated to make their perceptions of Bitcoin more positive not only about tools to help speed up them rich and not only gold that can be used as future investment assets but bitcoin is also very suitable as a long-term investment.

[xSkylarx]

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 .

Bitcoin is a very simple and hassle-free investment set, you buy it and then store it in your personal wallet without needing to provide a large space or levy storage taxes. Apart from that, the thing I really like about Bitcoin is its resistance to inflation. since the first Bitcoin when it made a splash and passed the price of $10,000, Bitcoin has been trusted by many investors to maintain the value of their money. Bitcoin cannot be manipulated by government policy, the current value of Bitcoin is a form of trust among many people.

As long as you are aiming for the long term, like holding for a few years, then it is really sure that you are earning profit, but for those who are just holding for a few months, they won't be getting any profit.

Your view really on Bitcoin is really straight towards investing, which again most of us are doing because of its value, but keep in mind that it has no guarantee that it will be at a high price in the next few years, and also that this is an investment, so there is risk involved. As long as we are just risking what we can afford to lose, then we are good.

[Hispo]

-snip-

But unfortunately, there are still many people out there who do not fully understand the use of Bitcoin even though Bitcoin does not sound familiar to them.

All of these positive things about bitcoin need to be disseminated to make their perceptions of Bitcoin more positive not only about tools to help speed up them rich and not only gold that can be used as future investment assets but bitcoin is also very suitable as a long-term investment.

The issue with Bitcoin and information/interest on it is a complex topic. However, I have a theory on why there are many countries where Bitcoin is still pretty much not known by a high percentage of people.

Ironically, the use of Bitcoin may be directly proportional to the inflation and bad economical state of nations, therefore Venezuela, Argentina and Turkey have a high percapita volume.

On the other hand, USA and European countires which do not suffer from crippling inflation usually have reliable Fiat payment processors, which people are already used to, so they simply go for Paypal and bank transfers. When banks and Fiat fails is when Bitcoin and other kinds of assets start to get the attention of the average person.

Though, those in developing societies may not enough money to save in the long term, so they prefer stablecoins in most cases.

[Ziskinberg]

Bitcoin is a very simple and hassle-free investment [...]

I don't see it that way, no. Due to its structure, Bitcoin is absolutely not suitable for the average investor who wants to know that his money is stored as securely as possible and also to achieve a small return.
 
I would equate Bitcoin with classic high-risk investments on the stock market and recommend it to friends only to those people who already have experience with such things - as an investment, not the idea behind it. Unfortunately, only very few people hold their BTC for ideological reasons; everyone wants to get more USD/EUR at the end of the day than they have invested.

That is how most of us think about Bitcoin investment, easy money, and quick ROI. Indeed, it was known as a high-risk investment which is not really recommended for everyone who doesn't have any idea about investment. In fact, as we can see many newbies have failed because they don't understand the situation as they are just likely invited and join knowing nothing about "Bitcoin". If they are already aware of the market behavior and the risk behind this, I am sure that only a few people have the guts to invest in Bitcoin.

[Magic-Money]

Bitcoin has a great store value, if you want to be rich with Bitcoin is sure, but not get rich quick business, and has to deal with patients, courage to hold for a long term investment and applicable to other alt-coins in the cryptocurrency market, we all know that cryptocurrency is a digital currency assets that has value over a time interval.

[BALIK]

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 .

Bitcoin is a very simple and hassle-free investment set, you buy it and then store it in your personal wallet without needing to provide a large space or levy storage taxes. Apart from that, the thing I really like about Bitcoin is its resistance to inflation. since the first Bitcoin when it made a splash and passed the price of $10,000, Bitcoin has been trusted by many investors to maintain the value of their money. Bitcoin cannot be manipulated by government policy, the current value of Bitcoin is a form of trust among many people.

Bitcoin is like any other investment, if you want to invest and make profits, you need knowledge. There is nothing simple or easy in this world that can bring high or sustainable profits. If you do not have knowledge about bitcoin, how can you store it safely, how can you keep bitcoin long term if you do not fully understand its fluctuations? In short, investing in bitcoin is not easy and simple, it is even much more complicated than other traditional investments.

[Z390]

Bitcoin as good store of value comes with a risk, and that's timing, make sure you store funds in Bitcoin only if you won't need that fund for a long period of time, because emergencies can rise up at any time, and if the only option you have left is the same fund you have invests in Bitcoin, just pray that the value of Bitcoin at the time will either be the same as when you invested or more.

Think about volatility first, if the value dumps and you need money you will lose money twice as much compared to when you invest, so better invest money you won't be needing for a very long time.

Bitcoin takes time to grow and bear markets are a bad time for selling your so-called store of value, you have have to wait for the market to turn around on it's own before you can use your money for anything else, unless you are ready to take the losses.

[Blitzboy]

Gold tends to have a longer cycle like about 10 years or more, not 4 years cycle like Bitcoin but it is volatile sometimes like how it grew a lot each decade and around pandemic. Bitcoin is more volatile because it is in a new market with less regulations and it is digital so it gives people more easily ways to access, buy and sell it. It is a more favorite speculative and manipulative asset for investors and market manipulators too.

Yup, it seems like most of us already grasp that Bitcoin can be manipulated, but everyone still seems to appreciate this aspect. Manipulation leads to price fluctuations that remain unpredictable for some speculators, even though this direction is determined by insiders who play the role of drivers.

In fact, with these manipulators in place, some may believe that those behind the scenes will continue to support Bitcoin regardless of what unfolds. It's crucial for small to mid-level investors to exercise caution, as the potential for getting hooked on Bitcoin investments will always be present for those who enjoy speculation. While your goal may be to hodl, always use common sense when buying Bitcoin within your affordable range.

From the primary performers (or manipulators?) to the audience (us), everyone contributes. Sometimes the crowd has more impact than they know. Large whales may be stirring up the waves, but we ride them. Bitcoin is like that unpredictable sitcom with unpredictable twists. Why not understand the script instead of binge-watching? Learn about Bitcoin's history and philosophy. Invest like a turtle - slowly and inside your financial comfort zone. Remember its more than a currency

[bayu7adi]

Think about volatility first, if the value dumps and you need money you will lose money twice as much compared to when you invest, so better invest money you won't be needing for a very long time.

The volatility of Bitcoin can indeed have both positive and potentially negative effects. I believe it's acceptable to use Bitcoin as a store of value, provided you have sufficient emergency funds to address unforeseen expenses.

I agree with you that having just one savings source in the form of Bitcoin can be highly risky due to its extremely unpredictable volatility. For long-term purposes, Bitcoin seems more promising, as long as you don't withdraw all your assets in Bitcoin for an extended period.

Allow "insiders" to carry out pump and dump actions; it is certain that over an extended time frame, the price will tend to rise. Never let emotions come into play when the Bitcoin price doesn't meet your expectations.

[sompitonov]

Bitcoin is a very simple and hassle-free investment [...]

I don't see it that way, no. Due to its structure, Bitcoin is absolutely not suitable for the average investor who wants to know that his money is stored as securely as possible and also to achieve a small return.
 
I would equate Bitcoin with classic high-risk investments on the stock market and recommend it to friends only to those people who already have experience with such things - as an investment, not the idea behind it. Unfortunately, only very few people hold their BTC for ideological reasons; everyone wants to get more USD/EUR at the end of the day than they have invested.

That is how most of us think about Bitcoin investment, easy money, and quick ROI. Indeed, it was known as a high-risk investment which is not really recommended for everyone who doesn't have any idea about investment. In fact, as we can see many newbies have failed because they don't understand the situation as they are just likely invited and join knowing nothing about "Bitcoin". If they are already aware of the market behavior and the risk behind this, I am sure that only a few people have the guts to invest in Bitcoin.

Of these newcomers, those who still find the courage to invest in Bitcoin will be those who, through their random actions, can earn a considerable amount in a short period of time. They won’t think that it happened by random, they will decide that they are geniuses and now it will always be that way. But this is a trap, because... the absolute majority of them will then give their market money back. Sometimes it even seems to me that it’s better for beginners to lose a little at the beginning so that they understand what it’s like for themselves. This will allow them to learn to lose, which is very important in the market.

[Aikidoka]

~snip~
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 .

Bitcoin is truly a strong investment and a valuable asset. You can convert it into any currency you prefer, and you have the option to hold it until you can profit through long-term investment. I mean we all know that it's price fluctuate a lot but investing at the right timing is the best way to potentially earn huge in the future.

[bhadz]

Bitcoin is truly a strong investment and a valuable asset. You can convert it into any currency you prefer, and you have the option to hold it until you can profit through long-term investment.

It's simple as that. Bitcoin is very liquid and people don't understand that it's easy as it is to sell it since it's the top cryptocurrency. But who's going to liquidate that when the price seems to be low? I bet that only few.

I mean we all know that it's price fluctuate a lot but investing at the right timing is the best way to potentially earn huge in the future.

The volatility of Bitcoin in nature is what people have made it more interested in investing into it. The more volatile it is, the better rewards one can take from it in the future. But, we're starting from there and as its volatility seems to be a normal thing on it, everyone is going to deal with its risk as simple as it may seem.

[NNRR]

The words are quite true because most bitcoin investors have a dream that I may own a lot of money in the future but many can't wait so when the price of bitcoin falls many bitcoin investors get frustrated and sell them at a loss if they ever become rich.  No you need to be patient enough if you want to own a lot of money by investing in Bitcoin.

[Minor Miner]

~snip~
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 .

Bitcoin is truly a strong investment and a valuable asset. You can convert it into any currency you prefer, and you have the option to hold it until you can profit through long-term investment. I mean we all know that it's price fluctuate a lot but investing at the right timing is the best way to potentially earn huge in the future.

But I don't think store of value and investment are the same. As far as I know, store of value means an asset that has the ability to maintain stability in the value of your assets and when it comes to investing, has the potential for profit or loss. And bitcoin is highly volatile, how can it be said to be a store of value? Bitcoin is indeed a strong investment, but is it appropriate to use it as a store of value? Personally, I would choose gold as a store of value and bitcoin as an investment.

[bayu7adi]

But I don't think store of value and investment are the same. As far as I know, store of value means an asset that has the ability to maintain stability in the value of your assets and when it comes to investing, has the potential for profit or loss. And bitcoin is highly volatile, how can it be said to be a store of value?

Gold may indeed be the ideal choice, but I perceive Bitcoin as a more accessible alternative.

The volatility and relatively young age of Bitcoin, compared to gold or bonds, make it somewhat risky for those unaccustomed to such price fluctuations. However, there are other aspects that serve as the foundation for the narrative of Bitcoin as a store of value, notably its limited supply and decentralization. And it's precisely this aspect that leads some people to refer to Bitcoin as digital gold.

It's still too simplistic to assert that Bitcoin has now become the sole, most stable asset in times of devaluation. However, everyone possesses their unique financial acumen, which implies that BTC could potentially serve as an ideal refuge for certain individuals.