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Glossy

Bitcoin as a store of value

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There are lots of potential in holding Bitcoin, one of those is that we can use in transactions as we all know and another thing is we can do this for investing. Making the transaction fast compare to bank is what people become interested at, aside from that, they can also earn and accumulate more because of the fact that crypto is volatile, so we can take this as an opportunity.

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You know this is the problem with every deflationary currency which operate against the value of goods meaning that goods get cheaper each day. This way people would always maintain a hoarding tendency which mean they would rather end up storing it than using it as currency. This continuous appreciation in the value of bitcoin is making it much more dearer to holders thus making it more of a store of payment than a currency.

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It will be bitcoin. Bitcoin is very popular and it could rise rapidly. I think when you are storing, bitcoin is the best for you to used. But still it is depends on where you are comfortable to used but i prefer bitcoin. 

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To be honest bitcoin is the most popular cryptocurrency till now. It is only because of it's easy usage, fast transaction and more. In this field litecoin is also good.

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As a store of value I like btc and eth. btc is the most popular coin in the market. also ltc can be used to store of asset but I like btc much. if we store  in btc then when the price will increase we can make a good profit from it.

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Sure if you hold bitcoins in your wallet for long time holding that's means your stock is too value thats is depending on the bitcoin future.


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On 9/29/2019 at 6:12 PM, xBDT Script said:

Bitcoin so far and I think it will be for long time because of it's popularity and limited supply. The chances for others are very much not existence right now. I thing Bitcoin dominance is over 65% right now.

I agree, as of now, Bitcoin is still dominating the market. Since it is named as King of the Crypto, the value of other altcoins are depending on the value of Bitcoin. That is what I know so far.

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On 11/22/2019 at 7:07 PM, ibtismanipun said:

To be honest bitcoin is the most popular cryptocurrency till now. It is only because of it's easy usage, fast transaction and more. In this field litecoin is also good.

And its why so many people still wanting it and using it and demand it is allowed  for them to pay in crypto to increase the use cases and its also why so many use it as a store of value now because its a good hold no matter how long you hold it

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12 minutes ago, Awaremooner said:

Bitcoin is the first and most preferred crypto coin by me as a store of value. Other assets I consider as site of values include gold, silver, precious stones and rare art works. Bitcoin rank lowest as a store of value on my preference list

I think the coins that should be treated as a store of value are stable coins, Bitcoin could make you lose the value of money in seconds.

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Just now, Awaremooner said:

With stable coins, it's like keeping your money in a bank account. Will it appreciate? It may not depreciate though but you will end up getting what you stored there. Store of values are things that appreciate and also depreciate. This like gold, real estate investments. Dogecoin is a better site of value than stable coins

Now that yo have mentioned doge, do you think doge will ever pump? it is been a snail for quite sometime now.

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Just now, Awaremooner said:

I mentioned dogecoin just to show is a better store of value than USDT because there's already hope it will pump unlike stable USDT. This is just my way to price bitcoin, that rise from what was used to buy pizza to $20,000 is a way better store of value

So i did not understand at first so, by store of value means that you store you coins where you expect the value will go up in time??!!

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Fiat doesn't arrive at that standard, on the off chance that anything fiat is a certain method to lose your riches after some time but then you don't hear that from financial specialists. what's more, it makes crypto exceptionally valuable for the future despite the fact that a few people don't contend this way. In Crypto, there is absolutely a name of benefit and misfortune we can not avoid the sustenance which we can later on.

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13 hours ago, Awaremooner said:

You store your money on assets you believe it's value will go up in time. That's what a store of value means. That within a period of 1,2,3,4,5 years and even beyond, your money would have appreciated substantially investing in it. That's why I believe bitcoin is the only coin that rock this box for now in crypto. USDT is same as keeping money in banks

Straight and clear I understand you it was juts a matter of understanding what store of value real means, and now I do understand.

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On 9/29/2019 at 3:39 PM, Glossy said:

What do you think what cryptocurrency is the best for store of value.

Bitcoin is the most popular and a lot of people use it, but there are other cryptocurrencies too with different benefits.

For example Monero is private coin that can not be traced.

 

And what other assets do you prefer as a store of value?

Gold has been traditionally used for hundreds of years for example.

Privacy coins are good for storing, but I am using only Bitcoin as here no one accepts in selling privately rest of the crypto.

 

On 9/29/2019 at 7:58 PM, hexwin said:

Ok.

You must be very smart person.

Please try to calculate this for Monero coin, and ask someone who is smarter then me and understand economy why privacy coins can never be good store of value.

If you don't understand why, then I can't help you 🙂

 

As for DASH... 

coin lost almost 96% of its value ...not exactly a store of value

Og9oN94.png

 

Dash is a Private coin? as it was already launched in our country for few days and then went back. I understand about the privacy coins where we can't get information about total coins and how many were adding daily.

I thought privacy coins are the better way to use, but from your post it shows we don't have any calculations.

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To store the value i prefer Gold Bars. Already trusted for many years. It have some intrisic value and already known.

In cryptocurrency for long term storing the value, i prefer Bitcoin. Because i believe Bitcoin will still used atleast next 5 years. Bitcoin have limited supply 21 million, so it will be rare goods and currency in the future.

Another coin i prefer buy is Litecoin, the moving is like same with Bitcoin.


Please don't spam this forum!

Give me 💙 if my post helpful

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Well privacy doesn't really matter all that much if you're just talking about the ability of a coin to be a good store of value, so monero doesn't have any advantage in that respect..

 

The best attribute a coin could have is stability, which no real cryptocurrencies have except stable coins, and those aren't 'real' ones in my opinion.  The idea is to store value, not gain or lose it, and the crypto market is as crazy as it gets and you can easily win or lose money if you're holding a coin like bitcoin.  So I've never considered cryptocurrencies to be a good store of value like gold or silver might be.

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The value of any cryptocurrency depends much more on how many people use it than the project itself. Today is the dominance of btc ... but who can guarantee that in the future. It will also depend on the updates btc may have.

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The bitcoin dominance keeps staying quite high , and this means that bitcoin remains the most popular and the most invested by people. So as many experti claim that bitcoin has been considered a store of value , in a digital form, can be' considered likely just like gold as a store of value , especially for it's limited supply.  

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Bitcoin is the best crypto that will have the biggest value in the crypto world, and the other coin will be a secondary option for us to have. We can choose the altcoin as a store of value, but I don't think that the value can compete with the bitcoin because so far, bitcoin still has the biggest value. Bitcoin price itself will increase so high, and we never know how much it will increase, so if we can have more and more bitcoin from now on, you can imagine how much money you will make in the future, especially if bitcoin price can increase more than $20k. I am sure that the bitcoin price will break that number, and it will reach the highest price that we never see before.

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On 12/23/2019 at 5:39 PM, Kabbo said:

Actually bitcoin is our dream coin because there are no others coins which is give us money only for holding. But if we store BTC for future then It will give us lots of profit.so we should hold it.

yea thats correct because i too am planning on accumulating bitcoin for the upcoming halving and hope the price will jump over 20k so we can get out of this bear market.

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Bitcoin after 11 years running, it looks as a store of value. We need more years to establish this opinion to the world though and pass the test of time. Right now it is treated as a speculative asset, but I think it has everything required to become "store of value".

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Yes of course Altoken is secondary to us and Bitcoin is a major coin to us.  And Bitcoin certainly hopes to go above 20k.  And the value will be there for a long time because we know that Bitcoin is the best crypto currency.

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In my opinion Bitcoin is an established "store of value" assets although a lot of critics believe that it is just a speculatory assets just as stocks. These critics fail to realize the difference between Bitcoin and stocks, as Bitcoin is not actually a company or an organization but it is an idea, a concept that lives on the internet and is backed by extremely good code, encryption and a decentralized network that is unbreakable. There are developers working on it but in order to change something in it's code we need consensus. Consensus between the miner, the exchanges and the community. 

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i like bitcoin to store my wallet.btc is the most profitable coin in the market.if i store it to my wallet then easily i can make a good profit from it.

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Currently, Bitcoin is being used as a store value, and one of the reasons is that now the banking sector and various financial sectors, companies that think that Bitcoin is more than goldThe stronger and the betterThis is why they are using this currency leak as an installment bell to use it as a store value, which is understandable when we look at various European banks around the world

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