Topic: Will Bitcoin become a long-term trusted store of value? - page 20. (Read 3333 times)
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.
It is already one of the most trusted Cryptocurrency due to the fact that it is a cryptocurrency that became a basis for other cryptocurrency and it is still being developed in todays technology. Blockchain technology is implemented in many platforms but Bitcoin is one of the first ever user of this technology.
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.
Bitcoin is the first crypt o currency which has established in the year 2009.It has certain definite features based on that it could attract wide popularity in the market especially the world business community has attracted bitcoin to their business transactions so that they will be saving their huge processing charge and time..Its market capital has increased above 260 billion usd and the volume of its daily transaction also considerably increased. Bitcoin possibly become a long term trusted store value until its total 21 million bitcoin is mined.
Well, I do think so. Bitcoin is somehow becoming a digital gold. In this modern civilization, physical properties are not as good as all because they can easily be stolen by thieves or even the government. Bitcoin is based on a decentralized network and because of that fact, it is hard for anyone who want to steal our bitcoin if we know how to secure and store
It is already used more of as a store of value rather than means of exchange, but this may change in the future.
I agree with you, I'm also not sure if bitcoin is a long-term trusted store, because here we are talking about a lucky chance, if it happens to the paper currency I'm sure it can. 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).
I’m not sure why you say this, as it is true in fiat-deflationary currencies but not so sure that would happen with bitcon,
yeah i belive it can be
and i think bitcoin is a safe place to store your money to it, it has realy complex system
i remember my friend have a 2 bitcoin 2 years ago and stored in a wallet, and now open it again and a moment that make me amaze is not about is value but is safety
if you still store what you have in your wallet no one can touch it
and i think bitcoin is a safe place to store your money to it, it has realy complex system
i remember my friend have a 2 bitcoin 2 years ago and stored in a wallet, and now open it again and a moment that make me amaze is not about is value but is safety
if you still store what you have in your wallet no one can touch it
I believe it will become a long-term trusted store of value in the future, just like the internet and smartphones being a necessity in our generation. In the coming digital age, technological progression such as BTC will be fast that some people won't even realize its already here.
I am a newbie and dont think i can comment anything valuable on it. sorry
I think yes! 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.
Yes still have faith and by God's grace bitcoin will be a long term trusted store, for it proves by lots of people that it changed their standard of living into better, that it may encourage more people to be part and support 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.
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.
I think yes! 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.
Yes still have faith and by God's grace bitcoin will be a long term trusted store, for it proves by lots of people that it changed their standard of living into better, that it may encourage more people to be part and support bitcoin
Yeah it being used as an asset rather than a payment method. Once it was assumed as best transferring source where everyone could transfer money within different accounts. People were using them in businesses. But right now, it has been trended more than asset.
The same applies to Gold. It's still a currency, but no one even bothers to use it as such, where I am fairly sure that the majority of the people don't even know it's classified as a currency. In terms of Gold, I can clearly understand why people don't want to spend it, because it simply isn't a convenient and usable option to go for when it comes to day to day transactions. Bitcoin cuts through that barrier due to how extremely divisible it is, and how easy it is to move value from one person to the other. The incentive to spend will increase when LN becomes completely safe to use on the main net, and also with how later on the market will become more stable due to larger parties getting involved providing insane liquidity, exchanges having to implement strict trading measures, etc. It's just a matter of time. Patience.
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.
It is considered as store value and yes, it's also a good one for long term.
And this is why bitcoin has forgotten as a payment system and it's now a trend for store value and investment.
It's a good investment so whether you are okay for short term, it's also good for long term.
Yeah it being used as an asset rather than a payment method. Once it was assumed as best transferring source where everyone could transfer money within different accounts. People were using them in businesses. But right now, it has been trended more than asset. And this is why bitcoin has forgotten as a payment system and it's now a trend for store value and investment.
It's a good investment so whether you are okay for short term, it's also good for long term.
People are investing money in them, trading with them. It is like a profit and loss games. But in both cases, the ultimate profit lies within popularity of bitcoins.
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.
So far since during the early stage of bitcoin usage, bitcoin had been into several negative impressions and test of its stability. Banning created a lot of impact among users yet bitcoin still managed to survive such. Now had it not been trustworthy it should have been destroyed with its name totally erased from the currency world. We know people don't just trust about anything and this can be seen by how people reacted. In case of FUD's people tend to panic and sell everything they have. Yet they go back to invest again. Had it become not trustworthy people could have ended using it. Count how many are bitcoin lovers here. You can make a pool and prove something. People really trust bitcoins.
maybe you can see the bitcoin achievements from 2013, to date. well, this can really be believed for long term investment. well, you just need to believe that it will make a profit. for now, try to invest in bitcoin, and keep it for 1 year, and you might get a big advantage. but, I just suggest it, the risk in each responsibility.
Bitcoin has long been the most reliable and profitable asset for savings. Did you not see this? Lol! You can not take statistics in a short period. In order to make a decision, take statistics for 1 year. This will give you a more correct result. This year the price will be above $ 30,000. Is that a little profit?
Bitcoin is no doubt really a very good option for us in so many ways and that if you have this golden coin in your wallet, then you surely have a chance of having a very good future but for that you need to do the things very much carefully and that you need not too sell your coins until and unless you are sure that you are having the desired amount of the money which you want to get by selling your coins. Right now, I'm bot ezperience any oroblems on storing Bitcoin in my ewallets. I see that it will open new opportunities to cater better to its users. Hopefully, businesses will be more aware of it and adapt it to their systems.
If you are not experienced it is not the time to make any kind of assumption but as you said everything very true about bitcoin it shown with time you are getting familiar to bitcoin so it is not so far when you will hold bitcoin, it improve the benefits of bitcoin, for sure it is well trusted currency people are asking for bitcoin in market but the supply is low, which shows that in market bitcoin is high at demand and increasing in price, buy high amount of bitcoin and hold it for the long time so in future it will be more valuable than now. Jump to: