Topic: Will Bitcoin become a long-term trusted store of value? - page 24. (Read 3333 times)
I think it is cause i know bitcoin is now a long term coins that already know in the market that have a high value and still in number one in the market so that's why many investor to invest in bitcoin because a potential that have a long term value.
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. 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.
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.
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.
BTC will surely be a long term asset. If govt. make it legal then demand will rise like anything among the people. On the other hand, if declared illegal, Price will surge in long term, coz it will be rare collectable item just like weed or marijuana. Lets see where govt divert its direction.
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 really do not understand how did you calculate this $2,000,000 as the value of bitcoin to be considered as a good long term store of value.
What is a good long term store of value? Do you understand the meaning? A good store of value is basically an asset that you can use to hedge against inflation..
So the long term inflation rate is about 3.22%, so any asset that can keep up with this inflation rate would qualify as a good storage of value.
That is why people tend to buy gold and properties to hedge against inflation and use as a "storage of value".
Pulling a figure of $2,000,000 is merely wishful thinking and has no economical basis.
It has been and will always be until the cryptosystem exist. Bitcoin is now one of the best established crypto and proving that its demand never perish. I could say that in the long period of time that it actually exist, it have shown great improvement and stability in the market. There were great recognition of its use also making it as a reliable cryptocoin. New coin might be introduced but sure bitcoin will be in the yop of the list.
Actually bitcoin has been proven it. Even bitcoin is better than stocks in term of increasing price of it. Since there is no central authority that control bitcoin then the value of it is only depend on market. I think bitcoin is good for long term investment
Bitcoin can not be considered as storage of value because its price os too volatile so chance of losing your investment is more if we invest on bitcoin.If that is only possible if the bitcoin has a stable value but I think it will never happen if more people starts using bitcoin its volatility will get increase.
Well bitcoin was not initially design to be a store of value. However, it change a lot since its inception and then in the last couple of years the market has changed. Investors pour a lot of cash into the market and then comes the whales. So now we as much as we want it to be a payment or currency, it now becomes as more of a investment platform. And if we consider that returns, just last year alone, investing on it will turn you on a millionaire or even billionaire with a return of more than 700%.
Whether it will reach 2 milion or not is up for debate but I can tell you with absolute certainty it will never reach zero. You have currencies that are over hundreds of years old that are not worthless because they provide some sentimental value and historical value. For that reason it won't ever become 0 and if you only have 10% in BTC you seriously have not done enough research imho.
That's an interesting statement but do you really think that there are going to be any people who would like "just a number" in their collection? Well, maybe digital natives would find it actually worth something, current generation would probably prefer owning an old coin or bill. However, I agree that Bitcoin won't be worthless in the future, there will be always (or at least for the next few decades) a few people who will trade Bitcoin between themselves.
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.
Whether it will reach 2 milion or not is up for debate but I can tell you with absolute certainty it will never reach zero. You have currencies that are over hundreds of years old that are not worthless because they provide some sentimental value and historical value. For that reason it won't ever become 0 and if you only have 10% in BTC you seriously have not done enough research imho. 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 has already proved it is long-term trusted one and give good returns when you are holding them for long-term. See in the market still, there is no competition for Bitcoin yet and people who are believing the Bitcoin and it can give good returns in the long term.
The competition are there but still no one can beat bitcoin for now so I think holding on this thing for good can really help you to maximize its potential over time. Bitcoin is proven and tested that can be your most valuable paper assets when you believe on this thing.
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.
I will certainly say on this that whenever you want to invest for the long term, then the best thing available in the market is the bitcoin because it is very much safer for the projects with the longer duration of the time. This thing can be seen with the graphical pattern shown by bitcoin since 2009. I admit that the volatility exists but that is for only the shorter duration of the time. The time duration here must not be less than 200 days or minimum six months.
Bitcoin has already proved it is long-term trusted one and give good returns when you are holding them for long-term. See in the market still, there is no competition for Bitcoin yet and people who are believing the Bitcoin and it can give good returns in the long term.
IMO bitcoin is designed for long-term success.
His limited inventory and many of these requests will make people gain profit, so it deserves bitcoin to be one coin that can be profitable and very believable.
His limited inventory and many of these requests will make people gain profit, so it deserves bitcoin to be one coin that can be profitable and very believable.
Well, for me I am neutral in this question, I agree in bitcoin that it is a good investment for transactions, many experts says that bitcoin and gold has almost the same, because there value will increase as time goes by, but if we are talking about long term investment I think this is not the place for bitcoin, for the reason that bitcoin can fluctuate any time, so you need to be ready if your investment got lost, in the last month of the 2017 bitcoin reach 17,000 USD but suddenly it drops to 12,000 USD, that case is my point why I am neutral.
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 really do not understand how did you calculate this $2,000,000 as the value of bitcoin to be considered as a good long term store of value.
What is a good long term store of value? Do you understand the meaning? A good store of value is basically an asset that you can use to hedge against inflation..
So the long term inflation rate is about 3.22%, so any asset that can keep up with this inflation rate would qualify as a good storage of value.
That is why people tend to buy gold and properties to hedge against inflation and use as a "storage of value".
Pulling a figure of $2,000,000 is merely wishful thinking and has no economical basis.
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.
Bitcoin can not be considered as storage of value because its price os too volatile so chance of losing your investment is more if we invest on bitcoin.If that is only possible if the bitcoin has a stable value but I think it will never happen if more people starts using bitcoin its volatility will get increase.
Business confidence in bitcoin will be mandatory. For many people, income in bitcoins has become basic. Business is sure to react to this. The main objective of the business is to generate income and increase the market for goods. Who will give up buyers? But now buyers are not ready to part with bitcoins. For this reason, the demand for the purchase of goods for bitcoins is at a low level.
Yes of course, if we noticed that more people become stable financially it is because of the total trust in bitcoin business, because if we have enough capital to invest it is also gain more profit in the future. But it depends on the situation, like as what happened last january it was price worth $5,000 and on that time we bought already bitcoin, and todays price worth $10,000 more or less, so therefore even in short term we can trust already that we gain more profit. Only one thing we should take ourselves, it is all about the total trust of bitcoin business, and in that way we all surely become successful in bitcoin business.
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