Bitcoin as a store of value

[guatazoo 7150]

On 9/29/2019 at 1:09 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.

Of course when the bitcoin is having high price it causes others cryptocurrencies also to be adapting high prices like bitcoin, so that's means all cryptocurrencies are working to achieve high prices. 

[joemcgwa 3227]

On 12/27/2020 at 9:37 PM, guatazoo said:

Of course when the bitcoin is having high price it causes others cryptocurrencies also to be adapting high prices like bitcoin, so that's means all cryptocurrencies are working to achieve high prices. 

What's makes the price of others crypto currencies to be high is not the reason they are following the bitcoin price, but those coins becoming with high prices because they have limited coin supply.

[nasirbadawai 7]

On 9/29/2019 at 1:09 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.

Put in your accounts my friend from today onwards that Bitcoin is better than diamonds, believe me, and leave the rest of the currencies from you, because it is the first thing that appeared to people, and this is not because it is strong in itself, but because society made it so, and if a currency originated from Russia with a force like it, but better

[Bitpapacoins 61]

Bitcoin is a store of value, some people said bitcoin is too volatile while many people says it is not realistic. Although Bitcoin is very realistic but volatile. But bitcoin volatility does not have anything to do with it's vitality. Over long time Bitcoin price will increase and be considered as a store of value. 

[Md Mahfuzul10 18]

I think yes bitcoin is worth it. Because the price of BTC is getting higher day by day. BTC is the most popular. So my guess is that as long as decentralization exists there will be bitcoin and dominion. You can search on Amazon or eBay. I think you will find results for your search but if not sell your bitcoin and buy a car with cash. I advise you not to use your bitcoin or sell your bitcoin because the price is going up further and bitcoin holders will make handsome money with their holding. Try to buy a car with cash.
 

[JanBomCrypto 494]

1 hour ago, Mslilii3 said:

Bitcoin is a good thing nowadays because Bitcoin is trying to show people something good now because people are now looking at Bitcoin and working online.  Because I am also very addicted to Bitcoin, one of my favorite coins is Bitcoin

@Mslilii3 Just try to check this your posts, try to delete the duplicate part. You can be addicted to bitcoin but trading addiction is not good. Bitcoin is a store of value, investing in it is a good idea but buying at low price is very important for us to gain. Over long term investment will lead to us gaining. 

[Hanbal 359]

Many people define bitcoin in different ways some says it is a digital currency some difine it as an asset just like gold because it value depreciates with time but bitcoin incorporate a lot of functions you can say bitcoin is also a store of value because it value increases and decreases.

[teebasas 3018]

I only have much knowledge about bitcoin and it's the one i see to be great to use as store of value because it can also be profitable at sometimes and seems to have a very bright future.

[jackycrypto485 1055]

There are a lot of civil currencies that can be stored as currencies with a store of value, of course in the first degree Bitcoin, after that comes Ethereum, LTC, Dash, ZEC and others, all of these currencies you can store your assets with and may increase their value in the future.

[abohasnn9 2401]

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[EarnerPro 29]

Bitcoin is just a currency but you can invest in it and hold it like in stock market you make investments in different stocks you can make investment in bitcoin as well

[Umair786 33]

Bitcoin is actually very valuable and with the passage of time the value of Bitcoin is increasing with the price of 8 and also people are investing more and more in it

[Francy Mory 543]

Saving in Bitcoin is the most in-demand strategy at the moment for any trader because it has currently reached levels of optimal value.

[ammarkhkkh 753]

In my opinion, the most cryptocurrency that can be stored is Bitcoin, it is the most popular and the most increasing, there are also other currencies such as LTC, XRP and btt that you can invest with and earn profits in the future.

[emilywillson 666]

In my opinion, it is possible for bitcoin to be a store of value, as it is a volatile currency and (often high) according to price fluctuations within the financial market that you can observe through the graph that shows the movement of buying and selling, so you can buy bitcoin at a low price when prices drop And then you should sell bitcoin when its price increases, after your continuous monitoring of prices within the financial markets.
As for gold, it is still stored until now and will forever be stored.
If you like my comment I hope you rate me please.

[Kalisha01 82]

As I previously said, no privacy coin will ever be a store of value because a store of value requires a small number of coins that are public rather than private. So, anything might be able to substitute Bitcoin, but no privacy coin will ever be able to replace Bitcoin as a store of value.

[Ridam 7455]

Bitcoin could be the best asset for the store of value. And it has been proven as the best if we look at the history and the inflation coming to the bitcoin is really small unlike any fiat currencies and the whole network is decentralized. Unlike gold, Bitcoin is easily portable and unlike stocks it is fully non-custodial. Because of such superior feature over the stocks and gold Bitcoin has been accepted as a better store of value for big companies like TESLA, MICROSTARTEGY and many more. In my view yes the bitcoin is superior among all in store of value for long term.