Topic: Store of Value Coin, other than Bitcoin, which one ? (Read 391 times)

Obviously we have thousands of coins but people still care about bitcoin the most, because bit is a pioneer. I think BNB will be a very potential coin, including an ecosystem built for it, its price will rise .

Why do you think that Ethereum cannot serve as store of value, I can rely on Ethereum more than all those coins that you made mentioned of and any other coin that you have in the market other than bitcoin. In fact when it comes to a reliable payment too, Ethereum can still be trusted more, because right now, you cannot compare the volatility level of Ethereum to other coins.

Looking at a coin that is worthy to be used as store of value like the normal pure gold, it should at least have very low volatility that will make people not to suddenly wake up and see that their 1 million dollars has turned to $300K, a store of value coin should at least 90 percent of the initial value when it was bought, and then gradual decrease or increase little by little as people also trade with it, and for now, I must confess that it is only in Ethereum that I found that.

LTC could be a great alternative to silver if people are comparing BTC with gold. But I am more a friend of new perspective altcoins that are providing outstanding TPS, are cheap and are backed by a real product. I am waiting for TON to launch, because it could easily get in the most popular altcoins top.

if Bitcoin is Gold 2.0, i think the Silver 2.0 is Litecoin my friend
about ethereum, this alt is the mothers of tokens, and the first smart contract platform in crypto industry
so, for me ethereum is the best altcoin for long term investment beside Litecoin as the silver 2.0 

It's obvious that Bitcoin alone is the true store of value in crypto going by that phrase. Some altcoins like Bitcoin Rhodium claimed to be better store of value but right now we all know the truth, they are not. This is the more reason why 50% of my portfolio is in BTC.

I don't understand why ETH doesn't have store value? I mean what constitutes a store value coin? If its just buying and putting it aside knowing that it will probably never go to zero and in 10 years time it will definitely be higher than ethereum is definitely in that list.

If you buy bitcoin right now in order to not lose value with keeping dollars instead than its a good idea, if you buy a house for 500k right now and in 10 years that is 1 million dollars, that means house didn't go up in value, that means dollar lost its value, house is the same house. Bitcoin is not like that, if you buy 500k dollar worth bitcoin right now, it will go up when dollar lose value. Ethereum is definitely like that and I believe litecoin is like that as well, maybe dash if this masternode thing takes off.

all depends on the market concept that is running. now bitcoin is the biggest and strongest. concept in the market and trusted by everyone like that. but when there is a change in concept, investment and trade will change. all depends on how the market determines attitudes.

I don't think there will be a new coin like Bitcoin with a decent supply curve and deflation, because new coins to enter the market are very difficult. I think XRP can be silver2.0 or copper2. because the coin has a large volume and a clear concept.

I think that monero is a good variant. It have some differencies with bitcoin but it only makes it better

Stable coins are the real store of value digital currencies, USDC USDQ TETHER etc,i can't add bitcoin because stability of bitcoin is still not guaranteed yet so stable coins are the best one

There will be altcoin that can be the same as bitcoin, so many altcoins claimed they have become the silver but the price of those coins are still pegged with bitcoin. Ethereum is a utility token and it can't be considered as a commodity the same as bitcoin.

Usually, a store of value is used as an alternative to safe assets but considering the volatility of altcoin markets, I doubt anyone will take the altcoins with this aspect of view. The total supply of altcoin projects is higher than average and value increases with decreasing supply. Simple rule and I always take a bar of gold as a perfect example. Even Bitcoin is not compared to the Gold but you talk about alternative cryptocurrencies.

I guess you have the answer already that there's no other good store of value none other than bitcoin.

I've known someone personally who's holding Monero more than bitcoin and they are mining it. The price target for him to sell his XMRs is $1k+ which is really high. But he treats it as a store of value more than bitcoin, so it depends on how good the coin is and the treatment a holder gives to that specific coin which can be a store of value but for me still bitcoin's the best.

OP is looking for a store of value coin though, not coins that's more for speculation, riskier, and more vulnerable to regulations. Bitcoin isn't a privacy coin, yes, and while privacy features of Monero is good, bitcoin's pseudonymous nature should be enough. Not to mention you can use wallets like Wasabi.

While cryptocurrencies aren't the best for SoV right now, Bitcoin is still the best when choosing a SoV in the cryptocurrency category.

None. Including Bitcoin.

You're still making a bet expecting higher values in future, not storing what you have. BTC is looking like a considerably stronger bet but that's still what it is at heart. You may choose to treat it as a store of value, most others still regard it as a dollar generator and those at the reins will think nothing of attempting to drive it wherever they like in search of more dollars.

If I had heart operation chalked in for next year I certainly would not park the money in BTC.

The speculative phase needs to be played out in full before even thinking of the store of value aspect. Once store of value is commonly accepted we may end up with some currency function too.

Litecoin? It is the coin that tries to follow bitcoin price, since it is used for tests.

But we cant even compare it with bitcoin, which is much better.

Gold and silver would be options, if their respective supplies wasnt controlled by central banks. Those who shill for gold and silver, and are against bitcoin, are actually playing at the side of the central banks. The only thing that could free precious metals would be if governments start selling them for bitcoin, thus distributing the supply.

but one would think that Privacy coins will be hot again, remember 2018 year and the years before 2017 , 2016 ?? All the hype was about them !!!

and the recent coin where the Devs exit scammed where the coin had a feature where it can be stored privately into a stablecoin ( help me remember the name )

Why is no one mentioning coins like Monero, ZEC(it's new fork now), GRIN, ZCOIN, DASH...........

Bitcoin is not a privacy coin

Bitcoin itself isn't even a great store of value, and I say that because there's a good chance that if you buy it today it could drop in price tomorrow--and then you've obviously lost value.  Of course that's true of many investments, but bitcoin is a lot less stable than many of them.  If you buy an ounce of gold or silver, there's a greater chance that you won't lose much value in the short term.  If you buy some index funds, you probably won't lose money in the long-term (depending on when you buy, of course).  Bitcoin is just way too volatile to be a traditional store of value.  A great speculative instrument, yes, but it's nowhere near being a safe haven asset.

And altcoins?  They're generally even more volatile and have less liquid markets.

Ugh.  I remember the last time fees got that high, and it was ridiculous.  One of the great things about altcoins is that fees are much less and confirmation times are much quicker.  That doesn't make them better stores of value, though, because as I said they're usually more volatile than bitcoin itself.

The first part of what you wrote is kind of what I'm trying to say.  I just don't think if you want an alternative to keeping your money under your mattress that you'd choose bitcoin--or any altcoins--to do that with.

As to the second part, doge has been pretty stable price-wise, except for the fact that it's denominated in bitcoin.  I think it does fluctuate fiat-wise pretty drastically when the price of bitcoin goes haywire.

To give and idea of the scope of BTC store of value I can see sovereign worth being denominated in provable BTC reserves.

Eg their credit rating will primarily hinge on how much BTC the hold and can sign the address to prove they hold it.

They systems in place to ensure that the BTC is not somehow stolen will show technological, trust and fair systems existing in that country as an insider must no be able to take the coins.

So every day a country will have to sign the address the coins are held on to prove solvency to the world and capital reserves or be downgraded and face loss of investment and capital flight.

Strictly speaking, every thing (digital or physical) can function as store of value, the difference between the store of values is how effective they are doing and what you want them to do.

Bitcoin is obviously one of the best options long term speaking within the world of crypto, but even Dogecoin has done quite a job functioning as store of value in the past.

I actually like Dogecoin too with how friendly the community is, plus the fact that Dogecoin throughout the years has been the second most used coin after Bitcoin when it comes to micro transactions.