Topic: Will Bitcoin become a long-term trusted store of value? - page 10. (Read 3336 times)
Yes bitcoin is good for long term investment. To store the value or higher value than today's bitcoin value. I do believed that bitcoin is not for short term investment but it is for long term investment. The more you earn bitcoin the more chance of having good earnings when time comes.
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
For Bitcoin to become a trusted store of value, the price will have to become stable which is not happening anytime soon. I’m not even sure if that is ever going to happen cause the price will be fluctuating depending on the rate of demand, so that means if all Bitcoins are mined up, the price will still not be stable at all, cause whenever someone purchase a huge amount, the price will pump and drop when they withdraw.If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
If something is volatile its also possible to make money off it short-term lol. If you lucky then climb on while its low and climb up before crash (if there will even be one).
Bitcoin has already proved it is long-term trusted one and give good returns when you are holding them for long-term. See in the market still, there is no competition for Bitcoin yet and people who are believing the Bitcoin.
Bitcoin is the best investment for long term basis and its return is really high compare to the other investment like in the stock market that may take up to 10 years before you can say that you already made a good amount of profit while in bitcoin you can do that in a few months only.
I'm sure bitcoin will be a trust in the future. Because bitcoin values are just about the same in the market as possible for the future bitcoin will be needed even people will look for bitcoin.
The bitcoin is getting to the point of highly trusted crypto currency since more and more people get interested in that. This process also positively affects the economy of countries and the financial state of the population in general.
Yeah, No doubt it is the highly trusted crypto currency because of its fame that is increasing day by day. Also, some of the most developed countries in the world which are touching stars in the race of development have also shown a keen interest and attraction towards bitcoins which clearly gives the surety of its existence for the upcoming whole life of this world.
Bitcoin has already proved it is long-term trusted one and give good returns when you are holding them for long-term. See in the market still, there is no competition for Bitcoin yet and people who are believing the Bitcoin.
It's my opinion that out of all of the plethora of cryptocurrency out there, Bitcoin so far has the best attributes to be considered the prime candidate for being a store of value. Its supply is finite, its extremely secure, transferable but the added value that its even more fungible than gold which is why there is a debate as to whether or not bitcoin is a commodity or a currency. Well it actually displays both characteristics.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
Where do you get this figure from?
Bitcoin has the basic characteristics of a store of value, the main one being a limited supply. It will need to have some utility for it to be trusted as a store of value so it must succeed in some form as a currency.
Well, bitcoin has several uses. It carries good characteristics to be called the store of value. Nevertheless, we have to maintain and preseve that qualities and characteristics so that in the near future it will be the most valuable among them all.
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
Bitcoin is long term investment and thats is one reasong bitcoin price reach $19k months ago. Many analysis from reputable investment firm predicting that bitcoin price can reach $25k end this year and reach $250k on 2023. Hope that prediction happen because will bring cryptomarket more mature and bigger
The bitcoin is getting to the point of highly trusted crypto currency since more and more people get interested in that. This process also positively affects the economy of countries and the financial state of the population in general.
For us, we cannot predict what will gonna happen in bitcoin. We can see the success of bitcoin, but sometimes, we cannot see the future or we cannot assure that it will not fail. For now, we can assure only on banks, theres a lot of insurance in bank. We can say, for our safety, we can depend on bank for now
Bitcoin as the primary crypto still have some developments that can attracts investors and will help in making the price grew, I still believe that BTC will be able to perform good in the future still. 
For us, we cannot predict what will gonna happen in bitcoin. We can see the success of bitcoin, but sometimes, we cannot see the future or we cannot assure that it will not fail. For now, we can assure only on banks, theres a lot of insurance in bank. We can say, for our safety, we can depend on bank for now
For now bitcoin is very volatile and gold and other physical goods might be a better decidion for holding money.
It depends on its adaptation. At the moment it seems all financial regulators are against it; however, it doesn't solve the fact that theoretically, it is more efficient than a lot of modern day processes.
yes it all depends on the condition of bitcoin, because there are many who oppose that bitcoin is circulating. so it's hard enough to believe that bitcoin will be a trusted value store, but basically it can all happen just like that
We are still anxious to find the answer to the question: Bitcoin has become a reliable store for a long time? It's hard to answer. Bitcoin is like a balloon that sometimes flattens, flips and explodes. If at any time all of your assets are lost because of bitcoin, it will not last long.
The Bitcoin is fast still becoming a force to recon with in respect to other altcoins. We are being told that more uses of the Bitcoin will soon be unravelled by the developers and definitely, the store of value comes to play and increasing its price value will be inevitable. I can't really place a timeline on the actual happening date but it is bound to happen.
It depends on its adaptation. At the moment it seems all financial regulators are against it; however, it doesn't solve the fact that theoretically, it is more efficient than a lot of modern day processes.
many billionaires and many celebrities will store bitcoins as a form of asset in the coming future just like equivalent to gold
I think that the bitcoin has many characteristics that makes it so attractive to the investors. There is the anonynimity that it provides the user with when it comes to the ttransactions plus it has the ability to support a good price level without any government interference.
they hope to make transactions quickly with a decentralized system. and they hope government can legalize it so that prices increase significantly, so lucky for those who already know bitcoin in the beginning Jump to: