Will Bitcoin become a long-term trusted store of value? - page 19.

gambitcoin53

member

Activity: 378

Merit: 25

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.

your criteria are too much, dont push it, $2,000,000 a coin??? seriously? the price of bitcoin is dependent on a real time traffic of demand versus supply, who would buy bitcoin with that price? bitcoin today has proven its long term value, from the day it started up to this date, for sure bitcoin will increase its price from time to time but you have to consider the market share of altcoins and other crypto in the future, you can rest assured that bitcoin can be relied on even for a long term. just trust the system and read all the graphs and read the market.

Bugsbey

newbie

Activity: 182

Merit: 0

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 think bitcoin will progress and it will stay longer or even permanent. As long as there is internet, which is impossible to disappear unless their is no longer people on earth, I am sure cryptocurrency will still be used. And in my opinion and observation, bitcoin will still be popular among all crypto currency.

harimauagam

full member

Activity: 410

Merit: 100

this bitcoin is very popular in the world and its age is old from 2009 to now, but sometimes so many people want to block bitcoin because of high rivals.

Masongrae

member

Activity: 223

Merit: 10

Hopefully yes, its because bitcoin is tested by so many people who became wealthy which it gets people's trust into it.

andrei56

sr. member

Activity: 840

Merit: 254

Quote from: bitgolden on March 12, 2018, 04:53:51 AM

Quote from: andrei56 on March 11, 2018, 01:15:02 AM

Quote from: Kakmakr on March 05, 2018, 03:20:45 AM

Consider this :

1. You have invested money into Bitcoin in Jan 2017 and at the end of Dec 2017, the price increased by more than 800%.

2. You also invested the same amount of money at a Bank. < Interest vary between 3% to 10% >

How many years have you gained by investing your money into Bitcoin, if you received more that 800% interest in one year? Doing some basic math on 800% divided by say %10 = 80. So what do you think, was the best long-term strategy for a store of value?

You only need 1 year with exceptional growth in Bitcoin's value to obliterate interest that you are getting from Banks and most other investments. Grin

And that is only one year, can you imagine the profits those that have held for several years have? Those that could buy for a price below 100 dollars, while the previous year was extraordinary there is still a lot of profits to be had in bitcoin, probably the next bull market will come when the devs get the lightning network in a functional state and I will not be surprised to see bitcoin at 40000 dollars.

I am very much sure that the ones who have planned of holding this bitcoin for some longer period of time will be the ones who will be getting sure that the ones who have planned of holding this bitcoin for some longer period of time will be the ones who will be getting profit more than anyone else.

This is really a good plan to keep on holding your coins for longer period as this will give you a hope that the market value will keep o increasing most of the time.

This is why holding is the best course of action, I know that for traders holding your coins and doing nothing with them may seem boring or even dumb but when you see the profits you can get and the very low risk that you are incurring for doing this then holding is a very easy choice and the best part about holding is that the longer you hold the better the profits.

Gameroid

hero member

Activity: 798

Merit: 501

Quote from: sserge009 on March 23, 2018, 05:38:49 PM

Nowadays no one knows what exactly will become bitcoin. I would like to think that bitcoin came to replace the dollar and become a single measure of exchange between people. If it becomes an ordinary means of accumulation, it will lose all its potential

Although we do not know about the future, but i think that we need to accept the fact that bitcoin is becoming popular from time to time and therefore it is becoming stronger. so i can say that bitcoin is a trusted and safer currency for long term investment. I am hopeful that after a long time bitcoin will surely give us a good profit.

sserge009

hero member

Activity: 770

Merit: 501

Nowadays no one knows what exactly will become bitcoin. I would like to think that bitcoin came to replace the dollar and become a single measure of exchange between people. If it becomes an ordinary means of accumulation, it will lose all its potential

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: Dodoymabs on March 23, 2018, 04:28:20 PM

Like what we always know why government hate crypto is because they can't get taxed. That's why crypto is not legally accepted worldwide due to these reasons.

Bitcoin is as taxable as physical gold and cash money holdings are. They don't need to be able to take it away from you in order to make you pay tax over it. It all comes down to your legal duty to pay due taxes as every brave citizen would do. In most countries Bitcoin and other cryptos are already being taxed, but the thing with people is that they believe crypto offers them anonymity, and thus can avoid paying tax, but it doesn't work like that. As soon as people sign up at whatever centralized exchange, buy, sell, withdraw, their complete profile has been logged and saved on the exchange's server for ever. The government just needs to force the exchange to hand it over to them, and you're officially busted....

ohlawdy

full member

Activity: 259

Merit: 100

- "Bitcore (BTX) - The Future is Now"

There is a lot that needs to happen before that will happen , but i think it is the future of bitcoin. There is nothing that can be taken with you so easy as bitcoin , or is as anonmymous as bitcoin. This are a lot of good features to have for the long term.

Dodoymabs

full member

Activity: 602

Merit: 100

Quote from: Tiktik on March 22, 2018, 04:34:47 AM

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 dont know because theres a lot of goverments still hate this because they said this is a fraud to all but for me stroring money in bitcoin is not bad not bad but it is too risky it is up to people if they want to take the big risk in cryptocurrency but i think it will become a good storage of our money if bitcoin will become currency not a cryptocurrency like stable value.

Like what we always know why government hate crypto is because they can't get taxed. That's why crypto is not legally accepted worldwide due to these reasons. Moreover, Bitcoin probably will become a long-term trusted store of value due to its features. Also, this crypto is supported by Billionaires and that why it already established a strong foundation which I think very difficult to destroy.

supercanada1

sr. member

Activity: 798

Merit: 253

Quote from: knightmairesaint on March 23, 2018, 08:30:19 AM

Honestly, there is no 100% assurance that bitcoin will remain a good place for long term investment. Bitcoin is soaring high right now but it might fall down very deep by the upcoming years (or vice versa). Though btc became more successful comparing to previous years, we can't still confidently say that it will repeat the history because there are lots of possibilities that may happen whether it is on our favor or not.

I'm not a pessimist, against btc or whatsoever, what I'm telling is do not become over confident and think one-sidedly. Be prepared not only on good times but also to the bad times that will happen for btc.

If we talk about assurance, then there is actually no 100% assurance in any sort of investment for a very long time because the future is unpredictable. Nobody even knows what will happen tomorrow. But if we assume that things remain in the normal way, then definitely bitcoin is the best long term investment option. According to Eric, if a person fails to become a millionaire in coming decade, it is his own fault. Crypto currencies are able to do so if trusted.

knightmairesaint

sr. member

Activity: 490

Merit: 262

privacy preserving smart contracts and beyond

Honestly, there is no 100% assurance that bitcoin will remain a good place for long term investment. Bitcoin is soaring high right now but it might fall down very deep by the upcoming years (or vice versa). Though btc became more successful comparing to previous years, we can't still confidently say that it will repeat the history because there are lots of possibilities that may happen whether it is on our favor or not.

I'm not a pessimist, against btc or whatsoever, what I'm telling is do not become over confident and think one-sidedly. Be prepared not only on good times but also to the bad times that will happen for btc.

pelipurlara

member

Activity: 364

Merit: 10

Quote from: Finnsimon on March 20, 2018, 04:35:25 AM

Maybe yes, bitcoin become a long term for many people are part and living with bitcoin and I guess there are big companies that support and accept bitcoin.

To hold bitcoin for a long time will increase and you will get more than invested in return for your long holding time and your patience. Because bitcoin is already a viable trust and a safe investment for people and people who can make a profit from bitcoin, then they should try to get good information about bitcoin before they go for investment

Tungsten-1

sr. member

Activity: 994

Merit: 256

Quote from: AlistairJ on March 21, 2018, 01:53:26 AM

If you take into account how much money was spent on its extraction, then the price equal to zero will never be. Perhaps ether will replace bitcoin, but bitcoin will probably cost as antiques.

That’s not going to happen in any way or under any circumstances. We all are familiar with this fact that bitcoin is the strongest and oldest player of the market and it has never stood second to any coin. Rather all other coins in any form are following it for their market trends. Ethereum could be best among its community but this is mere exaggeration that one day bitcoin will be surpassed by it.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Tiktik on March 22, 2018, 04:34:47 AM

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 dont know because theres a lot of goverments still hate this because they said this is a fraud to all but for me stroring money in bitcoin is not bad not bad but it is too risky it is up to people if they want to take the big risk in cryptocurrency but i think it will become a good storage of our money if bitcoin will become currency not a cryptocurrency like stable value.

The risk is always there in any kind of investment and it is all about having a risk management and also a proper knowledge and after that then we can easily say that there will be no such a hindrance or problem for us to worry since we know our limits and the things that we need to do and not to do. In my own opinion, bitcoin is a really good way to store our value for long term.

Tiktik

full member

Activity: 322

Merit: 100

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 dont know because theres a lot of goverments still hate this because they said this is a fraud to all but for me stroring money in bitcoin is not bad not bad but it is too risky it is up to people if they want to take the big risk in cryptocurrency but i think it will become a good storage of our money if bitcoin will become currency not a cryptocurrency like stable value.

sana54210

legendary

Activity: 3276

Merit: 1128

Quote from: Finnsimon on March 20, 2018, 04:35:25 AM

Maybe yes, bitcoin become a long term for many people are part and living with bitcoin and I guess there are big companies that support and accept bitcoin.

The only thing about which I am very much sure is that bitcoin is going to have a wonderful future and that it will really come up as the top-rated coin as well and there are likely chances that it will also get legal soon.

It is really a very good idea to plan your future with bitcoin as this will help you in making of more money and that you need not to do anything special but holding of the bitcoins.

eelectrick

jr. member

Activity: 217

Merit: 1

Quote from: Finnsimon on March 20, 2018, 04:35:25 AM

Maybe yes, bitcoin become a long term for many people are part and living with bitcoin and I guess there are big companies that support and accept bitcoin.

Definitely it will, it's growing price and capability for growth makes it a very ideal long-term prospect.
A very promising store of value. It's what people see it nowadays, with all the hype of bitcoin exceedingly
rising to a higher price in the market. People invest and they look forward to a day when bitcoin delivers
that highly anticipated result. It's quite famous for it being able to had done so and also very notorious
for being actively and highly volatile. But that comes part of the trade, it causes excitement and inquisitiveness.

Freddie Aguiluz

full member

Activity: 401

Merit: 100

Quote from: diva.man on March 05, 2018, 03:04:47 AM

BTC is now recognized by governments, and his value is recognized by many countries.

Block chain technology will be developed this year, and the price of BTC will increase steadily!

BTC is really a good investment!

Yes bitcoin is recognize by many country and governments, but not all encourage their people to use it. Like here in our country, banks are the number one enemy of bitcoin here, if the bank finds out that the money you store to them is from bitcoin, they will terminate your account and trace your bitcoin account and wallet.

DrYe5

sr. member

Activity: 490

Merit: 250

Quote from: Sled on March 21, 2018, 05:46:03 AM

As of now, bitcoin is being treated like that is a store of value and a lot of people are telling the other people that they should invest or put some of their money or value in bitcoin for long term because it is a really great opportunity to grab since the value of bitcoin is keep on going up over the time so it is a really great place to grow our value.

Bitcoin is not a company, it is a developing global payment and store of value system. Bitcoin is both a product and a service and has the potential to become a prominent part of the world’s financial system going forward.

Topic: Will Bitcoin become a long-term trusted store of value? - page 19. (Read 3333 times)