Topic: Is Bitcoin a Store of Value? Experts on BTC as Digital Gold (Read 224 times)
For me it is a store of value because of it's volatility, bitcoin is being patronize because of its volatility and it's not available to everybody that is why it's value is so much. On the other hand, bitcoin is considered as a digital gold because it is as valuable as gold the only difference is it's online.
I would't use BTC for store of value, at least for now
I consider as an investment, because we have big volatility
In the future maybe BTC will be stable and could be used as store of value
It's hard to define BTC, because even if BTC exists for some time, it's a new kind of technology, and we are discovering the uses
I consider as an investment, because we have big volatility
In the future maybe BTC will be stable and could be used as store of value
It's hard to define BTC, because even if BTC exists for some time, it's a new kind of technology, and we are discovering the uses
This is an unending debate whether bitcoin is a store of value and labeled as digital gold. Obviously, we people from this community would agree to say that bitcoin is a store of value and also said that it's the modern gold or digital gold.
The beauty of bitcoin is that it has a lot of use case including those two that was mentioned.
The beauty of bitcoin is that it has a lot of use case including those two that was mentioned.
It's not,it would have been but for its fluctuations in price
Can you read the first sentence of the white paper?
Does it say anything about store of value? Or does it say it`s a p2p e-cash?
Does it say anything about store of value? Or does it say it`s a p2p e-cash?
The best thing about Bitcoin and open market cryptocurrencies, is that you can actually use it for whatever purpose you like. Because you know, different people have different opinions on things. Even if the original Bitcoin whitepaper says that it's made for a peer-to-peer digital cash system, the Bitcoin protocol doesn't give a single crap if you don't use Bitcoin as cash but instead use it solely as a store of value.
Quote from: https://cointelegraph.com/news/is-bitcoin-a-store-of-value-experts-on-btc-as-digital-gold
Is Bitcoin a good store of value? Can it be considered “digital gold”?
If asked if Bitcoin is a good store of value, I would say no. I believe this is the part where bitcoin fares poor because of its high volatility. Others may argue but one feature of a good store of value is its stability and Bitcoin price value is far from that.
About Bitcoin being considered as digital gold, probably it is because of its mining patter and of course the trending craze about it. Many believe that Bitcoin will even surpass real gold but it is for us to see if it will come true.
It depends on how you look at it. In the long-term, Bitcoin can be seen as an excellent store of value, because the price increased steadily over the last 10 years. Yes, if you cherry pick dates, you might find that some people might not agree with this, because they bought bitcoins at a all-time-high price and it has not risen to a higher price since 2017.
So short-term volatility does not influence the average long-term increase in the price. People who bought bitcoins in 2011 and hoarded those coins, would agree that it is an excellent store of value.
With the current regulations it turns more and more into digital gold. Hope the US will make more sensible tax laws to enable bitcoin us for purchases again.
Bitcoin is purely a multiple purpose asset that can't be restricted just as a store of value. Bitcoin got into existence for some reason, but in the meantime the acceptance level gave it different meaning. It got its usage as a value storage token, as a currency, as a medium of exchange and so on.
Digital gold is completely different in my view, because gold is availed for investment in the digital form. What we have is a technology backed asset whereas gold is a commodity backed asset. Maybe for comparative needs bitcoin can be considered digital gold, but this doesn't appropriate to bitcoin.
Digital gold is completely different in my view, because gold is availed for investment in the digital form. What we have is a technology backed asset whereas gold is a commodity backed asset. Maybe for comparative needs bitcoin can be considered digital gold, but this doesn't appropriate to bitcoin.
Bitcoin is gold in digital form
Hence, it is not wrong to analyze Bitcoin as gold in digital form. Because to get it, we must "hire it" first. The trick is to solve a math problem involving a series of complicated algorithm calculations on the computer.
Hence, it is not wrong to analyze Bitcoin as gold in digital form. Because to get it, we must "hire it" first. The trick is to solve a math problem involving a series of complicated algorithm calculations on the computer.
https://bitcointalksearch.org/topic/bitcoin-a-medium-of-exchange-not-a-fiat-multiplier-5170189
Can you read the first sentence of the white paper?
Does it say anything about store of value? Or does it say it`s a p2p e-cash?
Can you read the first sentence of the white paper?
Does it say anything about store of value? Or does it say it`s a p2p e-cash?
Quote from: https://cointelegraph.com/news/is-bitcoin-a-store-of-value-experts-on-btc-as-digital-gold
Is Bitcoin a good store of value? Can it be considered “digital gold”?
If asked if Bitcoin is a good store of value, I would say no. I believe this is the part where bitcoin fares poor because of its high volatility. Others may argue but one feature of a good store of value is its stability and Bitcoin price value is far from that.
About Bitcoin being considered as digital gold, probably it is because of its mining patter and of course the trending craze about it. Many believe that Bitcoin will even surpass real gold but it is for us to see if it will come true.
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