Bitcoin as good store for value - page 2.

YUriy1991

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Quote from: Agbamoni on August 24, 2023, 10:59:07 AM

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.

Aanuoluwatofunmi

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Quote from: Emmanuelex on August 24, 2023, 08:39:49 AM

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.

Quote from: Emmanuelex on August 24, 2023, 08:39:49 AM

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.

superman184

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Quote from: irhact on September 09, 2023, 03:42:43 PM

Not every individual thinks well before investing because many individual are still been influenced by what others are doing. Many individuals join the industry withouts knowing what is correct and what's wrong. Many of them still thinks they can make profits by investing in anything. But they don't know that we have many scams cryptocurency and if they're just investing in everything that they see, they'll end up losing money.

I have encountered cases such as losing money that have been experienced by those who invest in any currency very often in the past and I quite understand this because basically no one directs them and also doesn't ask many questions from the people involved. is experienced in the crypto space, especially in choosing cryptocurrencies for long-term investment. Those who experience something like this are usually exploited by other people who have the aim of leading those who still don't understand investment into a new currency.

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Bitcoin is the only cryptocurency that is a good store or value, other crypto aren't because they can't be valuable for many years after they get their peaks due to the current trend of the cryptocurency market favoring them and making investors to choose to buy the projects.

This is what many newbies don't know now, even though they like investing, but they don't know that the best currency is Bitcoin. That's why those who don't understand and are not very familiar with Bitcoin need to ask lots of people in order not to get lost with other currencies when they want to run their own investments for the long term.

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Quote from: IvugeoEvolutionCoin on August 25, 2023, 02:24:52 AM

Quote from: Emmanuelex on August 24, 2023, 08:39:49 AM

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. Some don't have any patience at all, and just wants to live in the moment. Everything goes down to choice, if you think it's something of value that you can hold for a long time, then you do that. For those who feel they should quickly take whatever little profit they have seen, it's totally up to them.

The market is always fluctuating and we have to make use of this time. I think it is very easy to make money by using it. However, in the current situation of the market, it is expected that the price of all coins, including Bitcoin, will increase very soon. This is the right time to invest. If you invest now, you will get some profit after a few months and if you wait for a few years, there is a chance of good amount of profit. It is better to think before investing.

Bitcoin is undoubtedly the most popular crypto currency in the world but day by day many more such coins are in circulation. Such competition among cryptocurrencies among bitcoin's closest rivals is good for investors by doing this, the value of the coin cannot increase much. But in case of bitcoin it is opposite because bitcoin has gained so much popularity it has an opportunity to stay ahead of competing currencies and even if other currencies compete bitcoin depends on its price and guarantees good results in the future.

CryptoBoss9

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Come on guys - US dollar be hyper inflated soon. Ask yourself a question - what other means of value storing are there???

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Quote from: Y3shot on August 11, 2023, 02:27:01 PM

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 .

Very true but it still comes with risk, Bitcoin is a true store of value but the future is still uncertain, also I prefer to use Bitcoin as true store of value only in a bear market, it's like killing two birds with one stone.

1. You are storing fund when the market is down, you are at the lowest risk of any possible outcome.

2. You are going to end up with larger amount after few months or years.

But we can't pretend as if volatility is not with Bitcoin, this is no stable coin for any reason so whatever you are going to sell for Bitcoin make sure it's stuffs you won't be needing it's money any time soon, it's still an investment than store of value, risks are available and it can take longer to make profits of this strategy.

irhact

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Quote from: superman184 on September 08, 2023, 03:54:18 AM

Those who invest always use their minds at the beginning or before someone starts investing. Because when someone starts to decide to invest in several cryptocurrencies or in one of the cryptocurrencies, of course he has thought about it quite maturely first. And this was done not only based on a particular opportunity or moment, but also because of greater capital and desire and he also carried out a kind of in-depth analysis of one of the cryptocurrencies.

Not every individual thinks well before investing because many individual are still been influenced by what others are doing. Many individuals join the industry withouts knowing what is correct and what's wrong. Many of them still thinks they can make profits by investing in anything. But they don't know that we have many scams cryptocurency and if they're just investing in everything that they see, they'll end up losing money.

Bitcoin is the only cryptocurency that is a good store or value, other crypto aren't because they can't be valuable for many years after they get their peaks due to the current trend of the cryptocurency market favoring them and making investors to choose to buy the projects.

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Quote from: Blitzboy on September 08, 2023, 11:16:54 AM

I think that the crypto market requires a sophisticated, analytical mindset before entering. However, buying in at the "right" time is not enough. Talk about exit plans, risk management, and portfolio diversification. Cryptocurrencies are volatile, therefore never invest based on current conditions or price expectations. Too many would-be investors have been harmed by huge market swings.
-snip-

A sophisticated analytical mindset, knowing how to read charts well and make some predictions according to existing data, will help in analyzing the market.

Buying at the right time will not always be profitable, if not selling at the right time too.
Usually, there will be many distractions to start selling at the right time, including unprepared psychology, the panic that hits because the market continues to fall and risk management will help in managing the trade properly.

Big market swings can bring a lot of losses, but also profits for smart investors who can make the most of the conditions.

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Bitcoin is hard money and fiat is easy money
that's the main reason that bitcoin will only go up and fiat go at 0

judging by your posts, most of you do not understand bitcoin

take the time to educate yourself

this is a great book after which you will understand everything

https://www.youtube.com/watch?v=MRczbPu8SQM

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Quote from: superman184 on September 08, 2023, 03:54:18 AM

Quote from: IvugeoEvolutionCoin on August 25, 2023, 02:24:52 AM

The market is always fluctuating and we have to make use of this time. I think it is very easy to make money by using it. However, in the current situation of the market, it is expected that the price of all coins, including Bitcoin, will increase very soon. This is the right time to invest. If you invest now, you will get some profit after a few months and if you wait for a few years, there is a chance of good amount of profit. It is better to think before investing.

Those who invest always use their minds at the beginning or before someone starts investing. Because when someone starts to decide to invest in several cryptocurrencies or in one of the cryptocurrencies, of course he has thought about it quite maturely first. And this was done not only based on a particular opportunity or moment, but also because of greater capital and desire and he also carried out a kind of in-depth analysis of one of the cryptocurrencies.

Current market conditions have not changed so much that it is still a pretty good moment to invest in Bitcoin. Because other than the expectation of a price increase later this year, I think buying Bitcoin at around $26K is pretty good for everyone. Even though it would actually be even better if it was carried out by many investors from now on.

I think that the crypto market requires a sophisticated, analytical mindset before entering. However, buying in at the "right" time is not enough. Talk about exit plans, risk management, and portfolio diversification. Cryptocurrencies are volatile, therefore never invest based on current conditions or price expectations. Too many would-be investors have been harmed by huge market swings.

If Bitcoin is worth $26K, it may seem like a good deal, but other crypto assets and even traditional financial instruments may be worth more. Entering should be followed by long-term growth and risk mitigation. If we want to take this market seriously, we must plan for its complexity. If you invest, do so strategically.

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Quote from: IvugeoEvolutionCoin on August 25, 2023, 02:24:52 AM

Quote from: Emmanuelex on August 24, 2023, 08:39:49 AM

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. Some don't have any patience at all, and just wants to live in the moment. Everything goes down to choice, if you think it's something of value that you can hold for a long time, then you do that. For those who feel they should quickly take whatever little profit they have seen, it's totally up to them.

The market is always fluctuating and we have to make use of this time. I think it is very easy to make money by using it. However, in the current situation of the market, it is expected that the price of all coins, including Bitcoin, will increase very soon. This is the right time to invest. If you invest now, you will get some profit after a few months and if you wait for a few years, there is a chance of good amount of profit. It is better to think before investing.

Of course it is only natural to think, in fact it is best to think and gather information. However, thinking in investment should be before, during, and after investing. Think before if it is the right time to invest, where and how much. Think during, if it is the right time to continue your investment and let it sit, pull out or even expand. And think after, if you are going to invest again or find other channel to make profit. Essentially, thinking doesn't stop in this industry, you have to be wise in every decision and action you make. Think and do research so you know more to assist you in your decision making.

superman184

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Quote from: IvugeoEvolutionCoin on August 25, 2023, 02:24:52 AM

The market is always fluctuating and we have to make use of this time. I think it is very easy to make money by using it. However, in the current situation of the market, it is expected that the price of all coins, including Bitcoin, will increase very soon. This is the right time to invest. If you invest now, you will get some profit after a few months and if you wait for a few years, there is a chance of good amount of profit. It is better to think before investing.

Those who invest always use their minds at the beginning or before someone starts investing. Because when someone starts to decide to invest in several cryptocurrencies or in one of the cryptocurrencies, of course he has thought about it quite maturely first. And this was done not only based on a particular opportunity or moment, but also because of greater capital and desire and he also carried out a kind of in-depth analysis of one of the cryptocurrencies.

Current market conditions have not changed so much that it is still a pretty good moment to invest in Bitcoin. Because other than the expectation of a price increase later this year, I think buying Bitcoin at around $26K is pretty good for everyone. Even though it would actually be even better if it was carried out by many investors from now on.

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Quote from: IvugeoEvolutionCoin on August 25, 2023, 02:24:52 AM

The market is always fluctuating and we have to make use of this time. I think it is very easy to make money by using it. However, in the current situation of the market, it is expected that the price of all coins, including Bitcoin, will increase very soon. This is the right time to invest. If you invest now, you will get some profit after a few months and if you wait for a few years, there is a chance of good amount of profit. It is better to think before investing.

The long term value is always good and there is no such thing as this is the point to get into bitcoin, just buying at the low is important but beyond that there is no need for hesitancy. If you are looking for a 100x gain in future what would a couple of grands matter at all?

Flux in the price remains under 15% per year which is decent in my opinion and incorrect to label as "too volatile" or so on. This much volatility is good for the market and keeps the weak hands out the game.

If you are looking into a good store of value, hence bitcoin is a good option but of course it should not be the only asset in your folio but the only asset you need from crypto sector.

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Quote from: Emmanuelex on August 24, 2023, 08:39:49 AM

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. Some don't have any patience at all, and just wants to live in the moment. Everything goes down to choice, if you think it's something of value that you can hold for a long time, then you do that. For those who feel they should quickly take whatever little profit they have seen, it's totally up to them.

The market is always fluctuating and we have to make use of this time. I think it is very easy to make money by using it. However, in the current situation of the market, it is expected that the price of all coins, including Bitcoin, will increase very soon. This is the right time to invest. If you invest now, you will get some profit after a few months and if you wait for a few years, there is a chance of good amount of profit. It is better to think before investing.

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Quote from: hd49728 on August 24, 2023, 05:49:12 PM

Quote from: Agbamoni on August 24, 2023, 10:59:07 AM

BTC is like digital gold. It's valuable and its price goes up a lot every 4 years.

So far it is, but we can not say it will be in future. No one can say certainly about future and how Bitcoin price will be with future halvings.

It is too subjective if we insist that the cycle will always repeat. The future is unpredictable and we need to have a plan for the worst case scenario. We should be optimistic but not too subjective about investing in bitcoin.

Quote from: hd49728 on August 24, 2023, 05:49:12 PM

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hat'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

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.

If judged fairly, bitcoin is still a speculative asset, it cannot be called a store of value or a safe haven like gold. As a relatively small-cap speculative asset, manipulation is also inevitable.

To me, bitcoin cannot currently be considered a store of value. Perhaps that will be more true when it becomes more common and less volatile in the future, but it is not suitable as a store of value at this time.

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Quote from: Emmanuelex on August 24, 2023, 08:39:49 AM

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. Some don't have any patience at all, and just wants to live in the moment. Everything goes down to choice, if you think it's something of value that you can hold for a long time, then you do that. For those who feel they should quickly take whatever little profit they have seen, it's totally up to them.

In this case everyone is free to make their choice. I am personally into bitcoin not really interested in taking quick profits. Because bitcoin price movements or fluctuations are not as fast as altcoins. So Bitcoin is only good for long-term investment. If you want to make a quick profit I personally as a day trader only do it on altcoins because they have a faster movement. What makes day traders able to benefit is from fast trading (scalping).

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Quote from: Agbamoni on August 24, 2023, 10:59:07 AM

BTC is like digital gold. It's valuable and its price goes up a lot every 4 years.

So far it is, but we can not say it will be in future. No one can say certainly about future and how Bitcoin price will be with future halvings.

Quote

hat'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

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.

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Quote from: Y3shot on August 11, 2023, 02:27:01 PM

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.

Whike making a comparison between the two assets real estate and bitcoin, it should be noted that real estate despite it's disadvantage of extra expenses being spent on it as a traditional asset it is not something that it's rent fees are affected by volatility let alone vulnerability to hackers that it should be needing good security so someone somewhere don't hack it after completion. The house rent fee for real estate might be static for years but it does steadily increase with time. OP I don't know if you're getting me? But all of these depends on the investor if he's interested in investing in bitcoin as a store of value or real estate.

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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 .

Does real estate actually losses value overtime when there's attentive maintainance? Well I can understand op you're focused on the expenses that follows even after acquiring a particular asset like real estate, which is not same with bitcoin no extra expenses after it's bought, what's next is just for the owner to take responsibility of the security of his coins under a non-custodial wallet. But in real sense both assets requires the owner to take up an action, just that they are of different tasking.

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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

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Quote from: Y3shot on August 11, 2023, 02:27:01 PM

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 .

i once talked to my friend about the reasons why he was afraid to invest in bitcoin and make it one of his investment assets, he expressed his fear of government regulations, price fluctuations against fiat and various transaction fees, but i patiently said that all he thinks about bitcoin is only concern, so far the government cannot give excessive intervention on bitcoin because of the decentralized nature of bitcoin and has a nominal limit, well people's view of bitcoin is an asset that can retain enough value varies, but i personally think bitcoin is the best asset for investors to maintain the value of their investment.

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