Will Bitcoin become a long-term trusted store of value? - page 23.

taiwww

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Quote from: AMHURSICKUS on March 06, 2018, 09:25:41 AM

Yes ofcourse, bitcoin can be a longterm trusted store value. Just look to its history.
Bitcoin always has a possibility to surpass its higher price, all you need to do is to hold and be patient all the time.
If its price decrease, always think this as a chance to invest more and always stay calm.

May be or may be not. With the current hoax in the market we are seeing huge scams and it makes it far difficult for us to decide what is right and what is not. I always think of making huge investment into bitcoin when it is below the higher rates of all time. But when I go for it then something wrong happens and it keeps dropping all the time. I keep calm all the time that's why I'm getting success into this industry. So yeah I think so bitcoin is long term investment.

However its possibility to surpass all the high prices is dropping day by day. So with the positive views I would also say that we should be careful while making our inevstment.

bitgolden

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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.

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Quote from: Jlimao28 on March 01, 2018, 07:13:21 PM

I believe that bitcoin can be a long term trusted coin because of its specs and usage. The scarcity also of bitcoin makes its endurance, why? Because if it has unlimited supply of coins then for sure its price will not goes up. The tendency is that, many investors will pull their investment because bitcoin is not profitable.

Economically advanced countries are afraid of the presence of Bitcoin because of the high risk of the economic downturn for their country, many say Bitcoin It will last a long time after that and also be an ideal investment place now. In the future, Bitcoin will be the digital currency that is used to make the foreign money.

Westinhome

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Quote from: paul00 on March 06, 2018, 01:37:11 PM

Honestly speaking with current status of Bitcoin, I don’t think it will be a great long term trusted store of value especially when we are talking of huge amount of money since Bitcoin still lacks a lot of things for it to become stable and have us the assurance that it will not disappear eventually. I am not against Bitcoin but I am only speaking the truth.

Since ill joining to crypto currency and earning some bitcoins, Ill will ask my self if this bitcoin is a long term coins in the crypto currency but when im searching about bitcoin and looking at the market ill answer to my question this bitcoin is a long tearm and trusted coins that we need to buy and hold it. Because we cannot predict also if this bitcoin on when be up or down.

andrei56

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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.

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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.

Yes I believe in bitcoin. It's a long trusted in value. Bitcoin now is very low but everybody's hoping for the increase of the price, because this is the best way to earn a big profit if the price is expensive. Holding bitcoin is not easy especially this time price fall is too long. It's too sad for us waiting because we need money we don't have a choice but to sell it already if needed. But if you have a lot of budget or savings it's better to hold because you will profit more than your savings.

ceferov

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Yes I also think as you. It's still very risky but is worth it to take a risk. The bad thing is most of the people still see BTC as only investment but not P2P digital money. BTC is far away from it's goal and crypto lovers should bring attention of people to right side not to price of BTC

Ahiaba

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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.

Bitcoin as an investment assets for a long time period is what every one in the Bitcoin community expect and with our believe in Bitcoin and crypto currency in general it shall continue to be the investment tools for rational investors and not professional investors as you rightly put it in your post above.

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Quote from: AMHURSICKUS on March 06, 2018, 09:25:41 AM

Yes ofcourse, bitcoin can be a longterm trusted store value. Just look to its history.
Bitcoin always has a possibility to surpass its higher price, all you need to do is to hold and be patient all the time.
If its price decrease, always think this as a chance to invest more and always stay calm.

Yes you are right in future bitcoin play's an important role in our economy and many other.big companies will make a Collab with bitcoin mining teams and start mining bitcoin so today's investors has a good life their future life.

arienna23

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Bitcoin is already a trusted store of value. Any person who would have invested in Bitcoin from its start would have doubled his money if he had invested at the start of year and sold at the end till now. Also with the number of users increasing for Bitcoin it is becoming more trustworthy and stable.

Victor$

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Quote from: hase0278 on March 06, 2018, 07:29:49 AM

Quote from: SirLancelot on March 06, 2018, 06:15:03 AM

Bitcoin is already a trusted store of value, but I don’t know for how long and I can’t also predict if it will be for a long time or not. Well, I will still say that it will stay for a long time or maybe for as long as the price of Bitcoin remains volatile.

Some people were saying that a time will come when the price will stop being volatile. Maybe around then, much people won’t be interested in using Bitcoin as a store of value.

It is only a trusted store of value for long term only for people who are using crypto regularly(most of the time). For those people who really aren't financial experts or stock traders and brokers, they don't give a damn and doesn't invest into bitcoin to store some value, they still consider gold as a more trusted one. Price of bitcoin will never stop being volatile IMO, as there will always be buying and selling and price moves every time a buy and sell order has been fulfilled.

Bitcoin is already eh trust worthy and the safe investment for the people and those people who are notable to make profit from bitcoin does not exist according to me but if they really does exist, then they should try to get good information about bitcoin before they go for investment, it is good to hold bitcoin for the long time it will increase and you will get money double or triple of your invested money as a rewarded of your long time holding and your patience.

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Quote from: 1Referee on March 06, 2018, 08:58:08 AM

Quote from: Joy12345 on March 06, 2018, 08:11:22 AM

People just need to continue trusting bitcoin because as long as they trusting bitcoin, it will last longer or maybe it will not last.

People trusting Bitcoin? What a joke, people don't even trust themselves. Your "trust" is based on nothing but the hope that the price will keep going up throughout the years, and nothing else. If the price is going up, your "trust" in Bitcoin sky rockets, but when the price is going down, your "trust" in Bitcoin will sink just as hard. You, just like the far majority of the people here, don't care about Bitcoin's technical aspects, or that it allows you to obtain financial freedom. My faith in Bitcoin is based on financial freedom, and the fact that I can outrule any central authority, and not the price that may or may not go up in the very short term. Bitcoin has never failed to deliver in the long term, and will not do so in the forthcoming years due to how much potential demand there still is to obtain. I don't think we have even seen 5% of Bitcoin's potential yet.

Leaving aside short-term investors who dream about making money out of nothing, the trust is based on the belief that cryptocurrency is an under-estimated currency of the future, cause it seems to be more transparent, safe and "fair". The further development of BTC depends on WHAT and HOW would you be able to buy for it. Not it's mainly other cryptocurencies and fiat.

paul00

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Honestly speaking with current status of Bitcoin, I don’t think it will be a great long term trusted store of value especially when we are talking of huge amount of money since Bitcoin still lacks a lot of things for it to become stable and have us the assurance that it will not disappear eventually. I am not against Bitcoin but I am only speaking the truth.

Jiddyyy

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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.

Yes of course, bitcoin is a long term trusted store of value, if it is not why people are continuing to work, invest, trade and hold in bitcoin? Bitcoin is proven and tested in terms of long term holding. It is good for future expenses since the longer you hold or store bitcoin the higher the amount you might get.

AMHURSICKUS

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Yes ofcourse, bitcoin can be a longterm trusted store value. Just look to its history.
Bitcoin always has a possibility to surpass its higher price, all you need to do is to hold and be patient all the time.
If its price decrease, always think this as a chance to invest more and always stay calm.

1Referee

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Quote from: Joy12345 on March 06, 2018, 08:11:22 AM

People just need to continue trusting bitcoin because as long as they trusting bitcoin, it will last longer or maybe it will not last.

People trusting Bitcoin? What a joke, people don't even trust themselves. Your "trust" is based on nothing but the hope that the price will keep going up throughout the years, and nothing else. If the price is going up, your "trust" in Bitcoin sky rockets, but when the price is going down, your "trust" in Bitcoin will sink just as hard. You, just like the far majority of the people here, don't care about Bitcoin's technical aspects, or that it allows you to obtain financial freedom. My faith in Bitcoin is based on financial freedom, and the fact that I can outrule any central authority, and not the price that may or may not go up in the very short term. Bitcoin has never failed to deliver in the long term, and will not do so in the forthcoming years due to how much potential demand there still is to obtain. I don't think we have even seen 5% of Bitcoin's potential yet.

Chyton

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It will especially when the public has lost trust in the Government if there is some big scandal that is uncovered.
If there ever is a scandal about store of value, I'm pretty sure that people will go to Bitcoin for trusted store of value.

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Quote from: Joy12345 on March 06, 2018, 08:11:22 AM

Bitcoin can be trusted in terms of value but when you invest your money, it is very risky because we do not know what will happen soon. Bitcoin is a long term system specially if it is go in the right way that we wish for. We can get a lot of benefits in trusting bitcoin. Bitcoin is already trusted to those person who investing in bitcoin and to those person who using it but we do not know how long will bitcoin takes its higher value. People just need to continue trusting bitcoin because as long as they trusting bitcoin, it will last longer or maybe it will not last.

Well, for me investing in bitcoin is really high risk because of its volatility. But, seeing its trend from when it begins i think it really have a good improvement which we can say that we could onveat and gain profit. Ican understand why several people dont have enough trust to invest in bitcoin because its not yet very popular now. However, people who trust and invest in bitcoin should not risk all their assets just to invest here in bitcoin.

Joy12345

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Bitcoin can be trusted in terms of value but when you invest your money, it is very risky because we do not know what will happen soon. Bitcoin is a long term system specially if it is go in the right way that we wish for. We can get a lot of benefits in trusting bitcoin. Bitcoin is already trusted to those person who investing in bitcoin and to those person who using it but we do not know how long will bitcoin takes its higher value. People just need to continue trusting bitcoin because as long as they trusting bitcoin, it will last longer or maybe it will not last.

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Bitcoin is very risky investment and no one with certainty can not tell what's his future.So if somebody want to use BTC for long term store of value it must know what risk it takes with that.It will take maybe 5-10 years until the picture becomes clearer,in what direction decisions will be made on global regulation.If things go in the right direction,then BTC will be a very valuable asset,but also currency for daily use.

For me BTC is long-term store of value even today-and I consider that it is impossible to his value drop to 0,for me it's more likely its value will be measured in six digit numbers.

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