Topic: Will Bitcoin become a long-term trusted store of value? - page 3. (Read 3336 times)
Bitcoin's price this year ranges from $19,000 to $6,000. With these, we can say that bitcoin can be a long term investment. Just buy the dips and sell them when the price is high.
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.
Of course because we can see from 2009 until now bitcoin is very useful in every year and also the price is also very high if we look back in 2009. Believing in bitcoin might make you feel more confident.
If you have already business, then you might as well invest in different kind of investment and cryptocurrency ,the bitcoin will be considered a long trusted store of value for your money, even if it is quiet risky but ,there are no reports of scams in this kind of busines,so we will go on and trust it.
Yes, Bitcoin is always and one of the best coins where we can hold it for long-term because already the price of Bitcoin increased from bottom to uptrend. Even many millionaires considered it as a very good investment for long-term, so Bitcoin is always long-term trusted one to be in our portfolio holding.
Bitcoins is an asset that is really good for long term investment, that is the reason why bitcoins is very profitable right now in the market and other industries.
Bitcoin has become the highest and most trusted investment for now and in the future will also be trusted. Bitcoin is a crypto original coin and the strongest and will remain a trusted one.
if between other crypto coins is true, but not the best investment choice among other investments. if for cryptocurrency, bitcoin affects the development of other coins, so it is the best coin for long-term investmentdue to the volatility of the coin for me storing your fiat in bitcoin will not be worth it because when we say STORING the value of it will still remain until you pull it out in the market but if the market value will be better it is good.
I trusted bitcoin works as cryptocurrency, from the trend I observe , bitcoin is so successful as cryptos ,so this would become a long-term trusted store of value ,like buying gold which is a long term investment, it is doing very well for a span of time, so I say that it will goes for a long span of time in this digital business.
Yes, Bitcoin is always and one of the best coins where we can hold it for long-term because already the price of Bitcoin increased from bottom to uptrend. Even many millionaires considered it as a very good investment for long-term, so Bitcoin is always long-term trusted one to be in our portfolio holding.
It is almost uncertain these days whether a particular coin will be a store of value, even bitcoin itself considering the recent market crisis and high level of coin dip. People that want to invest in bitcoin are scared of the it's low value right now. But surprisingly the real crypto analysts believe now is the right time to invest and buy the bitcoin since it will increase and moon up to surpass it's last highest mark.
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.
In my opinion, Bitcoin is not worth the trust. Bitcoin is just a big business to protect people who are tax evasion and money laundering. So the price of Bitcoin increases is not because it has many potential values, it is just a tool of the bad guys. It's not as good as you think. 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's popularity will be able to be a store of value, this can be seen in bitcoin developments starting in 2009 and 2018 and many countries that have recognized bitcoin as a digital asset.
if there are still many investors and interested in bitcoin, I think bitcoin will be a digital currency that will become a competitor of the current currency
If you're a businessman and you don't want to hold cash because the inflation rate in your country is very high and your money's purchase power decreases continuously. Then what will you do? You will buy bitcoins to store your money clearly here.
I think the players have been trying to defame gold and replace it with USD. I do not think they will give up easily. Look at what Goldman did, I think they never intended to get that bitcoin desk.
As long as the human record goes back in time, Gold became a store of long-term value, gold has become a form of constant wealth in most of the world's culture. Because other valuable materials and forms of currency have come and gone, gold remains a trusted asset.
Its value comes from its scarcity and as a form of wealth, it can be brought to any country and converted into fiat or traded as for goods and services.
In many ways, gold and Bitcoin are similar except that gold has passed the test of time, while Bitcoin is in its infancy as a universal currency. I think Bitcoin is likely to surpass gold as a commodity and a long-term store of value.
Its value comes from its scarcity and as a form of wealth, it can be brought to any country and converted into fiat or traded as for goods and services.
In many ways, gold and Bitcoin are similar except that gold has passed the test of time, while Bitcoin is in its infancy as a universal currency. I think Bitcoin is likely to surpass gold as a commodity and a long-term store of value.
Bitcoin has a big chance to become in that stage because nowadays, bitcoin are so famous mostly in the rich country. Not only 10% to become in that stage but a big change. As a member of this forum, all I can help is to encourage more people to join this kind of bussiness.
Bitcoin is built to be a long term digital store of value. If you will just keep your bitcoin for a long time since you bought it, expect it to have a good value today and others missed that opportunity too.
Bitcoin has become the highest and most trusted investment for now and in the future will also be trusted. Bitcoin is a crypto original coin and the strongest and will remain a trusted one.
if between other crypto coins is true, but not the best investment choice among other investments. if for cryptocurrency, bitcoin affects the development of other coins, so it is the best coin for long-term investmentdue to the volatility of the coin for me storing your fiat in bitcoin will not be worth it because when we say STORING the value of it will still remain until you pull it out in the market but if the market value will be better it is good.
Bitcoin has become the highest and most trusted investment for now and in the future will also be trusted. Bitcoin is a crypto original coin and the strongest and will remain a trusted one.
if between other crypto coins is true, but not the best investment choice among other investments. if for cryptocurrency, bitcoin affects the development of other coins, so it is the best coin for long-term investment
Bitcoin has become the highest and most trusted investment for now and in the future will also be trusted. Bitcoin is a crypto original coin and the strongest and will remain a trusted one.
It is a long term of value because you can trust it to save your future finances
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