Topic: Will Bitcoin become a long-term trusted store of value? - page 18. (Read 3336 times)
Yes, It is evidently obvious based on its value and volume in the market cap. As of this moment bitcoin still leading in coinmarket sites and most investors are dealing with bitcoin because of its popularity and the easiest coin to trade. The more people get indulge with bitcoin the more it becomes trusted and longer life span because everybody love it:)
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.
No one really knows for sure, the developers are doing their part, now the ball is in the court of the governmental bodies around the world, in the end, they have final say so. I would like Bitcoin to be around, but who is to say if an alternative will rise up or not, overthrowing Bitcoin?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.
There are a lot of alternative projects on the market, as well as being developed, that claim to be a real disruptor in the fintech industry. Bitcoin believe it or not, is still within its infancy. For the sake of investors, speculators, and fans, let's hope it lasts for a while!
I think, if bitcoin would became a long-term trusted store with a price of $2.000.000 it will cause the guy, who bought a pizza for 10.000 BTC to admit a suicide, lol!
I am more inclined that bitcoin as a valuable or often referred to as an asset (item/coin) even though bitcoin does not have a definite physical form. It would be easier when we consider that bitcoin rather than bitcoin to be a long-term store because it may be considered a store where bitcoin must have a monthly or even annual stock of assets to meet market demand.
bitcoin is already lon term trusted store of value because it is very secured compare to other currency that exist this day. bitcoin is very secure because they use 256bit encrypted password and no one can hack this security. maybe they need more years to do something hacking business in cryptocurrency or blockchain.
It is already a trusted store of value and that value had been rising for last 8 years. It is way safer than all the other alt coins combined together.
Trusted by who really.. governments, the average joe.. no I think as it runs on any technology it will always been seen in some way fallible. And I'm interested when you say store of value.. do you mean, consistently at a similar rate? I really would like to see that for any crypto, obviously tether does it.. but that was designed to do it. I'm not an economist though, would be interested to know if you could predict such a thing.
only time will tell. I agree that governments influence legitimacy of bitcoin
Given the way the market is now and how bitcoin is moving, it is not a long shot that bitcoin will be used as a long-term store of value. Although the volatility of bitcoin might hinder that along the way. The reason gold and the likes are used as a long term store of value is because their value always remains relatively stable and as we know bitcoin is anything but stable.
i would say that bitcoin is still to risky for that long term investment or holding for now. because i still can't imagine this coin to become legalized in many country in this earth. the possible thing is not legalizing this bitcoin and make their own "cryptocurrencies".
Actually, I think everything is related to the governments ( countries ), if the majority of them will recognize bitcoin as legal currency , then it is certain that the value of Bitcoin will rise significantly and in a fast way and there is a great possibility that this will be achieved in the near future ( maybe after 1 year or more ) , if not, there may be new attacks to destroy it, and their value may will increase but I do not think it is too much , especially in this year because there are many problems that which led to a significant fall in Bitcoin and most of cryptocurrencies in general.
Moreover, due to bitcoin in a little crisis, so I think we must HODL a large proportion in this period, because I am pretty sure that this currency will become stronger and maybe we will see more than $ 100K in their price after a few years.
So we must be patience, and it is sure that there will be good surprises.
Moreover, due to bitcoin in a little crisis, so I think we must HODL a large proportion in this period, because I am pretty sure that this currency will become stronger and maybe we will see more than $ 100K in their price after a few years.
So we must be patience, and it is sure that there will be good surprises.
It's already happening. Many people are considering and using cryptocurrencies as a long-term trusted store of value. Bitcoin is the most popular one so its price will grow constantly in any event. That's why it is a good idea to invest some money in Bitcoin as yet possible.
Bitcoin itself is very trusted wether it is a long term or short term investment.
Bitcoin can be a short term or long term investment, because it is still depends upon the behaviour of it. All you need to do is to wait, and be patient. And lets all support bitcoin untill the end.
Bitcoin can be a short term or long term investment, because it is still depends upon the behaviour of it. All you need to do is to wait, and be patient. And lets all support bitcoin untill the end.
For me I could say that it is a good way to invest your money for a long term ,
But we all know that investments have its own risk and we should be prepared for it,
We know that the price of bitcoin is so volatile and it is one of the risk in investing in bitcoin.
But we all know that investments have its own risk and we should be prepared for it,
We know that the price of bitcoin is so volatile and it is one of the risk in investing in bitcoin.
I think bitcoin can be used as an investment place either long term or short when one wants to benefit from bitcoin in a short period,bitcoin is a coin that can provide a great opportunity for him so that the economy is better and guaranteed in meeting all the needs every day.
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.
I think and still believe that bitcoin can be a long term trusted coin because of its specs and usage. bitcoin will exist and be a long therm investment.
Bitcoin already prooven as long term store of value or if i called it long term investment. As we know, bitcoin price always rising year by years and i think thats why bitcoin is long term invesment. But if you mention that bitcoin price will touching $2.000.000, i think its long run and thats is ambitious target
I wonder how did you calculate the value you mentioned on OP. Is it a prediction of BTC value after many many years? How many years did you imagine? Well, I wish your math come true while it seems too magical to me. I'm a Bitcoin believer and already invested in it. I believe Bitcoin is trusted investment for long-term investors. Many investors considering Bitcoin as virtual gold, this is early adoption compared to after five years. So the chance to be near zero is 00 percent.
Well, definately bitcoin is already proven of becoming long term trusted stored value due to its volatility. No wonder why investors will always invest in a huge amout of value because they believe it will double there capital once the market will increases.
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.
I think bitcoin already become store of value when bitcoin price touching $19k. Peoples will moving their asset to bitcoin because its more profitable than fiat money and bitcoin already have advantages than fiat money like fast transfer and lower fee transaction.
I am believe that bitcoin is long term investment and in other word bitcoin is long term store of value like gold
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