NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO, it's a store of value being built. Do you actually believe that because some monopoly money went into bitcoin the last few years, it's already a store of value? NO, but the potential of it becoming a store of value is there.
Agreed with that as well.
I wonder why so many people in here are so binary in their thinking: Bitcoin is a terrible store of value currently (and a highly speculative asset), a not-too-shabby medium of transfer, and absolutely not a unit of account. If things go well, it
might be a store of value in the future, and the likelihood of that happening is exactly what we're collectively determining/discovering here, through the markets.
I bolded the key word. Anything can happen in the future. Bitcoin
might be worth zero in the future as well. My point was that there is a prevalent attitude in this community that bitcoin
is a store of value and that
buying now is always a good idea. I'd not even consider such terms as "store of value" until bitcoin is much more entrenched.
It is all these things now. It has to be, if not, it is not money. You vision is fogged if you think that some fiat has better quality. Fuck, when you spend the petty cash you get for your astroturfing on that teddy bear, you depress the value of dollar and support the value of teddy bears!
First: you sound angry. Nothing in scarsbergholden's post warrants that, in my opinion.
Second: my Euro denominated bank account hasn't lost more than 50% of its purchasing power in the last half year, as far as I can tell. So, in the short to mid term then, the Euro was a vastly better store of value than Bitcoin. Care to argue with those facts?
There are, extremely broadly speaking, three types of posters in here:
Those who are
convinced Bitcoin is going nowhere but down, on any time scale. Trolls aside, that means they'll actively short to make money.
Those who are
convinced Bitcoin can and must go up. Success of crypto as a global currency and store of value almost guaranteed, in the long run. They buy and buy and buy, and hope for the best.
And then there's those who look at it as an experiment. Could work. Could fail. Price fluctuations just represent that uncertainty. They trade in whatever way is appropriate at the time.
The problem is that the first group and the third group are most of the time conflated in here by those in the second group. But that's an unrelated problem
I appreciate what you are saying; however, you have formulated a kind of strawman with your attempt to describe quasi-mutually exclusive categories.
There may also be quite a few people who fit in your groups 2 and 3
Consider your decision.
? Post counts have been going down, too? 
