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Topic: Bitcoin is a good way to store money? - page 13. (Read 7025 times)

legendary
Activity: 1806
Merit: 1024
September 01, 2016, 11:45:08 AM
#2
Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

You have to be more precise, it's not entirely clear what you want to say.

Any good investment is also a good store of value, as long as it remains a good investment. So of course you can buy Bitcoin with your fiat money, if you expect that Bitcoin will not loose or even increase in value compared to fiat. That's pretty straightforward.

In case you are referring to Bitcoin's volatility you are asking a question that you are already answering: If you want low volatility and already expect Bitcoin being stable, then of course it may be suitable for you. If you want low volatility but don't expect Bitcoin fulfilling your wish, then you should stay away from it.

So if Bitcoin is a good investment / good store of value for you depends a lot on your investment / storage goals and your expectation of Bitcoin fulfilling these goals. Of course there is no certainty that your expectations will come true, so you are always taking a risk when investing.

ya.ya.yo!
hero member
Activity: 938
Merit: 576
September 01, 2016, 10:57:01 AM
#1
Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?
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