Topic: Will Bitcoin become a long-term trusted store of value? - page 25. (Read 3336 times)
I think it holds more than 10% chance to become the long term store value. It has its own advantages as it is decentralised one we have no limit on how much we can store really as long as there are no further regulations that are imposed on it. If the regulation kept bumping themselves then it might get difficult over the time to make it stable and have it as store value. I mean you wouldn't want to keep billions or even millions in the asset which can fluctuate vaguely and create chaos of your inevstment.
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.
You are assuming that only one cryptocurrency will become a store of value. I think it might be two or three. If you look at the world at the moment, even with all their military might and powerful economy the dollar is not the single store of value, there are several "big" currencies, and I would argue that the Swiss franc offers more stability in times of trouble (500 year democracy, no wars in that time, good government, very low inflation).
There will be a "swiss-franc" like coin that emerges that doesn't have bitcoin's downsides (bitcoin is controlled by a small cabal).
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 it is still far from getting those values because BTC would never get store value equivalent to whatever you suggested. Thats nothing but more than 100x market cap than todays market. Cant imagine how much money investors will need to pour into it as its huge and will need at least half of the worlds populations to get engaged with crypto currency like bitcoin itself. I am not sure about my speculation but it is common sense according to investor base that we have today along with the market capitalism.
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(unless it becomes a "cool" collectible... which is a possibility).
I am sure it cant be collectible as it dont have the physical forms. What would you collect? Algorithm, I dont think so.
Yes it can be used for long term investment but the price of 2 million per bitcoin is too high, it's possible but it will take time and the chances is pretty slim, but for sure it will be very profitable if we keep bitcoin for long term, there are some positive news that makes the chances of bitcoin grow big
Cryptocurrencies are still a new and hyper-volatile asset class and could drop to near-zero at any time. he states. Don’t put in more money than you can afford to lose. If you’re trying to figure out where to store your life savings, traditional assets are still your safest bet. Bitcoin isn’t immune to severe rises and falls either. On November 12, 2017, Bitcoin had a value of $5,969. That number jumped up to a hefty $19,189 on December 16, 2017, and then tumbled down to a $7,000 value by February 6, 2018. Right now, Bitcoin’s worth sits at $9,083, but that could rise or fall at the drop of a digital dime.
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 that right now, people are not aware of the potential bitcoin has yet, with many critics calling it a scam or a ponzi scheme.
But in reality I think it's one of the only replacements for gold/silver or other precious metals or commodities as a viable long term store of value. It is decentralised, it is the first crypto, it has a capped number that can ever exist.
Essentially, nobody can abuse the printing press or set interest rates to control how much money is in existence and whether currency needs to be debased, which often has ended in hyperinflation in the cases of Venezuela, Zimbabwe, Argentina, you name it.
BTC in my honest opinion will become a global store of value with even an edge to gold. If you're investing in BTC you should ask yourself if you believe in that happening too, if yes, then you're ready to hold for the long term.
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It is already used more of as a store of value rather than means of exchange, but this may change in the future.
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,
Bitcoin is a good long-term trusted store of value for all we know that it is much profitable investment than any other investments out there like banks and others. It gives us 10-20x more profit than this banks wish gives 3-10% profit only every year. We can't deny that bitcoin is much better than these banks. But there will always be risks in investing in bitcoin for we don't know what might happen to it in more coming years but let's just think of it, bitcoin has gained more popularity this year and last year because of its price and because of that, it gain lot of attentions and investors that also gives some people who wants to take down bitcoin by banning it to some countries, but after all this struggles, bitcoin still rises after every fall so there are chances that it will continue to be like this in more coming years. Always rising from it's fall and that gives us hope somehow that bitcoin will continue to rise in more coming years and it is a right decision to invest in bitcoin for long term investment.
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.
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.
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
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.
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!
Block chain technology will be developed this year, and the price of BTC will increase steadily!
BTC is really a good investment!
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.
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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.
It is a long term of value because you can trust it to save your future finances 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 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.
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.
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.
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