Will Bitcoin become a long-term trusted store of value? - page 13.

yakafi

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Quote from: amirshaf on March 01, 2018, 06:47:02 PM

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.

Off course, Bitcoin will become a long term trusted store of value.because Bitcoin is most proven coin in cryptocurrency world! bitcoin always deserve long-term trusted store of value! I suggest you for keep faith over bitcoin for best investment. Bitcoin will needed in the future.

Trivelius

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Quote from: miltonpogi on May 05, 2018, 08:26:20 AM

For me storing your money for a long time in cryptocurrency like Bitcoin, is a risky process, because any time your investment will probably loss or gone, you can nevere assure the stable value of many coins in cryptocurrency for the reason that they are always fluctuating all the time.

All kind of investment even if you are investing your money in day trading is risky, but if you will not take the risk then you cannot make money from trading and investment, every investor know the fact that they investment is really a difficulty and risky activity but they do not have any other option except to put their money in risky.

deisik

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Quote from: Celebrity on May 06, 2018, 10:06:11 AM

Quote from: justdimin on May 06, 2018, 07:47:00 AM

Quote from: Emitdama on May 05, 2018, 08:00:35 AM

Yes, it’s quite possible to make use of Bitcoin as a store for value, but the only problem is that the price, unlike gold, fluctuates. It might reach the time you want to withdraw it and the price will end up being at price rate that you want be okay with. Unless you’re ready to keep on holding till it gets to something much better, if not, then I will recommend you make use of gold as a store for value cause it’s very stable. But when it comes to gold and Bitcoin, I will likely go for Bitcoin because you’re likely to make ten times more of what you stored. So Bitcoin is not just a store for value, but an investment that yield a huge income.

It surely will. We are early adopters, we will definitely keep seeing this fluctuation for a while and obviously and gradually get used to it. When laggards end up coming, they are only going to end up meeting it as currency that changes a lot of things, but by then the value would have gotten far more than this before we even know it.

What really makes it a store of value is actually the usage which is the main value that should be driving in demand in the long run.

Think in this way, you're a businessman and you don't want to hold cash because the inflation rate in your country is very high and your money's purchase power decreases continuously. Then what will you do? You will buy bitcoins to store your money clearly here.

This is not what a real businessman would do

He would most definitely put his money to work, i.e. reinvest it in his business that already brings him profits. Any real-life businessman understands that if he doesn't try to expand his business "empire" (even if it exists only in his garage or basement) and find new markets for his goods, the competitors will eat him alive in the blink of an eye. By definition, he understands what he does for a living a lot better than Bitcoin (otherwise he would have switched to Bitcoin long ago), so reinvesting in his business is an absolute priority for him

Friskaadew

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Actually it has been confirmed, but I believe bitcoin can do it. Because enthusiasts and investors from bitcoin are pretty much so they will not let bitcoin be anything of an asset or investment in the short term.

masterchief001

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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.

Bestpromoter

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YES. There are so many reasons behind it. First of all bitcoin is so popular this days even the world news features about bitcoin in so many ways. Bitcoin is now using in korea as alternative currencies not only in korea. People are getting know the idea of it. It will be alive in so many years.

BertoloyBTC

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If you will put your trust in bitcoin then you do not have second opinion for having your money in bitcoin and it become a long term trusted store of value , because the money you invest in bitcoin are stored in bitcoin itself so yoi trust bitcoin as storage for money or wealth.

Celebrity

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Quote from: justdimin on May 06, 2018, 07:47:00 AM

Quote from: Emitdama on May 05, 2018, 08:00:35 AM

Yes, it’s quite possible to make use of Bitcoin as a store for value, but the only problem is that the price, unlike gold, fluctuates. It might reach the time you want to withdraw it and the price will end up being at price rate that you want be okay with. Unless you’re ready to keep on holding till it gets to something much better, if not, then I will recommend you make use of gold as a store for value cause it’s very stable. But when it comes to gold and Bitcoin, I will likely go for Bitcoin because you’re likely to make ten times more of what you stored. So Bitcoin is not just a store for value, but an investment that yield a huge income.

It surely will. We are early adopters, we will definitely keep seeing this fluctuation for a while and obviously and gradually get used to it. When laggards end up coming, they are only going to end up meeting it as currency that changes a lot of things, but by then the value would have gotten far more than this before we even know it.

What really makes it a store of value is actually the usage which is the main value that should be driving in demand in the long run.

Think in this way, you're a businessman and you don't want to hold cash because the inflation rate in your country is very high and your money's purchase power decreases continuously. Then what will you do? You will buy bitcoins to store your money clearly here.

Mastsetad

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Quote from: burong1 on April 23, 2018, 12:50:58 AM

Quote from: @prashant on March 05, 2018, 07:26:44 AM

Yup it has very chance that not only btc but cryptocurrency will become next big thing .but the problem lies in technology lack of awareness but slowly it will spread. we already know trader are taking btc as virtual gold so more to come.as we are still in early era of crypto so its best to buy and hold for future gain.

i think yes that bitcoin become a long term trusted store of value because of the price and you can really have a big profit on it so i guess bitcoin will become long term investment and a long term trusted store of value and of coarse bitcoin will have a potential in having higher price.

BagzMM

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Quote from: amirshaf on March 01, 2018, 06:47:02 PM

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.

Maybe you forgot that the price is not steadily increasing it's a volatile movement and anytime the price may shift to any direction and nobody can predict that this will reach to $2,000,000 per coin considering the current situation. Whales will always make a way to control the price to their level for easy for them to dumps and make a fake rally. Anyway, bitcoin has now become popular so with the entry of new buyers let's hope that the market condition will change to a better trend.

yuukireit

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i hope it soo, bitcoin are very good invetion in the economic thing that making all of thing like currency or data fast digitalize and hope it can being use in the long term purpose

justdimin

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Quote from: Emitdama on May 05, 2018, 08:00:35 AM

Yes, it’s quite possible to make use of Bitcoin as a store for value, but the only problem is that the price, unlike gold, fluctuates. It might reach the time you want to withdraw it and the price will end up being at price rate that you want be okay with. Unless you’re ready to keep on holding till it gets to something much better, if not, then I will recommend you make use of gold as a store for value cause it’s very stable. But when it comes to gold and Bitcoin, I will likely go for Bitcoin because you’re likely to make ten times more of what you stored. So Bitcoin is not just a store for value, but an investment that yield a huge income.

It surely will. We are early adopters, we will definitely keep seeing this fluctuation for a while and obviously and gradually get used to it. When laggards end up coming, they are only going to end up meeting it as currency that changes a lot of things, but by then the value would have gotten far more than this before we even know it.

What really makes it a store of value is actually the usage which is the main value that should be driving in demand in the long run.

pheonyx

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Yes! Everytime I see its way working in the market the chance for long-term trusted store of value is positive.

miltonpogi

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For me storing your money for a long time in cryptocurrency like Bitcoin, is a risky process, because any time your investment will probably loss or gone, you can nevere assure the stable value of many coins in cryptocurrency for the reason that they are always fluctuating all the time.

Emitdama

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Yes, it’s quite possible to make use of Bitcoin as a store for value, but the only problem is that the price, unlike gold, fluctuates. It might reach the time you want to withdraw it and the price will end up being at price rate that you want be okay with. Unless you’re ready to keep on holding till it gets to something much better, if not, then I will recommend you make use of gold as a store for value cause it’s very stable. But when it comes to gold and Bitcoin, I will likely go for Bitcoin because you’re likely to make ten times more of what you stored. So Bitcoin is not just a store for value, but an investment that yield a huge income.

senne

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The answer to this question depends upon Bitcoin popularity and sustainability in the coming years. Bitcoin is not the only coin that has such productivity for people now market has many new coins having better features than Bitcoin and having less trading fees making them more convenient. All these things makes one doubt that will the dominance of Bitcoin continue. Bitcoin as a long term trusted source is possible but at present time seems to be difficult to achieve.

putra daerah

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Quote from: Morgann on April 24, 2018, 05:04:41 AM

bitcoin is already long term trusted store of value, bitcoin is very good coin that exist very long time ago. bitcoin is very secured coin and it is profitable coin that people can make money easily. bitcoin is good assets because the price goes up and up so fast.

I agree with you, that bitcoin is a reliable coin.
and is a very profitable coin, which can make money easily in business. because the price that is produced always rises rapidly in every hari.nya.

ulages

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Bitcoin is the best in strong and knowing the things and knows how to supply in limitations.

Leyss

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A reliable repository of the value of bitcoin can only be when it does not reach very high price values. It is unlikely that it will be a reliable repository of value, if its price rises over one hundred thousand dollars. At this cost, each holder of bitcoins will worry about their investments and will constantly monitor the news about the crypto currency. With various negative information, which even now appears periodically, including fictitious, there will be alarmists who will immediately sell their bitcoins. This can provoke panic and bitcoin will fall sharply in value until depreciation. Under such circumstances, it can hardly be said that it will be a reliable repository of value.

Predator25

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Quote from: amirshaf on March 01, 2018, 06:47:02 PM

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.

I don't think it is a good idea to go for a long-term especially with the use of bitcoin because we know bitcoin can change it's value anytime so if you stored big amount of bitcoin for a long time, bitcoin's value might be drop because the supply might get stuck when you just stored it.

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