Bitcoin's Store of Value Narrative Faces Most Important Test

joshua123

full member

Activity: 527

Merit: 113

Quote from: Coyster on March 21, 2020, 07:19:31 PM

Your post should be in the bitcoin discussion board, it's about the bitcoin and not an altcoin.

This is right. The move section is on the lower left. Altcoin discussion has been spammed by certain topic about corona, recession and global crisis, hence users forgot to stay on the rules on posting here.

To answer OP, this is a speculative topic that even professional cannot comprehend. Yeah recession is coming but bitcoin is a great store value, everyone who are active here knows that.

Lexurdania

member

Activity: 840

Merit: 10

The performance of Bitcoin compared to other indices or commodities is still better. This will continue to increase investor confidence and I think that when crypto prices are as cheap as they are today, it is a good time to buy and hold for the long term.

Coyster

legendary

Activity: 2184

Merit: 1302

Quote from: crypto1010 on March 21, 2020, 12:34:47 PM

...and an asset class that major institutions could use as a hedge against volatility of traditional assets.

Your post should be in the bitcoin discussion board, it's about the bitcoin and not an altcoin. And I think you are wrong with this statement quoted above, bitcoin(cryptocurrencies)is volatile, volatility is one of the reasons people do not use the bitcoin network, they do not want to risk losing anything. So except maybe in the future it no longer becomes volatile, but for now bitcoin is even more volatile than the "traditional assets"(I believe you mean fiat, gold etc)so cannot be used as protection against volatility.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

So many people just realize that right now if bitcoin is the best store of value and it's very similar as a gold but in the digital form that can be mined without worrying so much about the inflation caused by it has limited supply. It looks like with the help by corona and people started to use bitcoin to get the best thing to store their value especially for people from Italy. We have been getting 1.2 million additional users from Italy.

kindbtc

member

Activity: 1008

Merit: 12

SAPG Pre-Sale Live on Uniswap!

There is no need to worry if you are in for longterm and you are supporting the underlying technology. Always remember we are just at the very start of adoption and along the way these dips and crashes will also come but we are going to fly in coming months so stay calm.

disconnectme

hero member

Activity: 1876

Merit: 512

I have no doubt that the vaccine for the Corona Virus and Cure for the Virus would soon be discovered so by May everything should be fine. People need to stop all these dooms day theory, thee is no way other Asset would out perform Bitcoin this year, the halving is come and the most of the effect has not been priced into.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

It has still proven itself to be a better option if not the ideal but i think that if corona is controlled in April globally then real bull trend will start from may in crypto market and halving will prove to be a massive stimulus that will start a multi month parabolic bull run which is long awaited now.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Destroyeroff98 on March 21, 2020, 12:55:15 PM

Quote from: jrrsparkles on March 21, 2020, 12:42:40 PM

I strongly believes crypto currencies won't disappoint its investors this time,the prices went down but quicky starts to rebound from the deep down and almost recovered half from all time low of this year.Hold crypto currencies more longer then you can test how effective on suing financial crisis situations.

It is unlikely that after such a drop in value, cryptocurrency can disappoint investors.

If you are here with crypto currencies only for few weeks then its disappointment for you.If you bought cryptos since when it was created then you wouldn't worry even if the prices went three figures with bitcoin because you will be still in profits.

cytpoway121

member

Activity: 1540

Merit: 68

Irrespective of the dumps in price and value of bitcoin. It does not end the fact that it is a store of value in the long run and i suppose that is all that matters to us more.
This is not the most important test, i believe bitcoin has gone through different difficult scrutiny in time past and survived.

So i can assure that once a vaccine or cure to this pandemic is found, and markets restores, bitcoin would soar beyond our thoughts

Destroyeroff98

full member

Activity: 574

Merit: 102

Quote from: jrrsparkles on March 21, 2020, 12:42:40 PM

I strongly believes crypto currencies won't disappoint its investors this time,the prices went down but quicky starts to rebound from the deep down and almost recovered half from all time low of this year.Hold crypto currencies more longer then you can test how effective on suing financial crisis situations.

It is unlikely that after such a drop in value, cryptocurrency can disappoint investors.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

I strongly believes crypto currencies won't disappoint its investors this time,the prices went down but quicky starts to rebound from the deep down and almost recovered half from all time low of this year.Hold crypto currencies more longer then you can test how effective on suing financial crisis situations.

crypto1010

full member

Activity: 581

Merit: 108

Bitcoin was a product of the 2008 financial crisis and the subsequent recession. 2020 places the first recession Bitcoin has to test, and so far, Bitcoin is certainly standing out.

While the S&P500 and popular land index funds suffer devastating drops, Bitcoin stands out with a mitigated loss. The coming few weeks could be the final litmus test to prove Bitcoin's status as a Store of Value, and an asset class that major institutions could use as a hedge against volatility of traditional assets.

Topic: Bitcoin's Store of Value Narrative Faces Most Important Test (Read 156 times)