Thats why gold is also considered a store of value as bitcoin could be considered as aswell.
The reason gold is still considered a store of value is aeons of history. Of which Bitcoin has none.
Prove it
Prove what? That gold has been used as a store of value for millennia, and Bitcoin has been around for 7 years totes, 3 of those in total obscurity?
Do you actually doubt that?
Are you also going to demand proof of 2+2=4, that water tends to be wet & fire warm?
Prove that gold still has value because it use to have value. You said the only reason it is valuable is because it has been for ages.. that statement.. wow.
I am curious to who is paying you to post here though, would you share that info with us?
Lol, not everything that is valuable is used as a store of value, my spazzy friend. I value my cat, though my cat is a poor store of value. Ice cream is also valuable, but you're a fool to use it as a store of value. Stop.
Regarding my Saurian handlers, they're the ones who keep you eternally angry and stupid. Stupid but very tasty, won't lie.
Stay tasty, earthling.
The difference is that you value your cat whereas nobody else does therefore its a poor store of value. many people consider bitcoin a good store of value therefore it is.
No. Now, be honest with yourself, would you be holding BTC right now if you didn't think its buying power would be higher at some point in the future?
That's why most people hold BTC, that's why I held BTC. Think of it as a poker hand, think of it as casino chips, think of it as anything but a store of value, because my fucking cat is older than bitcoin, 4realsies.
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If everyone valued ice cream as a store of value then price of ice cream would sky rocket and become a store of value too which would be a shame since i like ice cream and coudnt afford such luxury should it become a store of value.
No again. The reason ice cream is a shitty store of value is because it's almost as high-maintenance as my cat. You let the fridge power down for a few hours, and there goes your store of value. Every day you have to pay the light bill, even tho you're not eating any of it. Now imagine doing that for a non-trivial length of time, like, oh, 50 years? The odds of having the power on 24/7 for 50 years are slim, the odds of tears upon opening in 50 years? 100%Yet Bitcoin is exactly like that -- to keep the network as secure (fridge on) costs 25BTC every 10 minutes
the more time the better. These are serious changes to the way transactions are processed, they can take all the time they need to test every last edge-case .