Topic: Will Bitcoin become a long-term trusted store of value? - page 5. (Read 3336 times)
bitcoin is already long term trusted store of value, bitcoin is very good coin that exist very long time ago. bitcoin is very secured coin and it is profitable coin that people can make money easily. bitcoin is good assets because the price goes up and up so fast.
During the 8 years of existence of the Bitcoins, this crypto currency has attracted the attention of a huge number of traders and investors. This digital currency is the first in the world, albeit not the only one. It is she who receives the most attention from wealthy people who are ready to invest serious money. Therefore, bitcoin can be considered a good long-term investment.
Despite the internet being an untrustworthy and risky field, people nowadays are heavily depending on it. Like cryptocurrency users, they spend their time and money on it without thinking what bad might happen to the money they invest in. But because of sudden usage and involve of Bitcoin in the field of business and convenience, people are highly dependent on it. That means that if Bitcoin or cryptocurrency keep on gaining users, they will eventually last for a life time and might be the world's leading currency in the market.
Despite the fact that bitcoin technology is obsolete, it is still the most popular digital currency. I think that it will continue. Bitcoin is considered to be the most valuable coin, therefore the price will increase in any case.
Bitcoin has long been believed to have value and therefore bitcoin is becoming increasingly valuable. Bitcoin is an asset that by holding it in the long run will get a big profit.
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.
This can only happen if all countries openly supports it. Else, people will continue to have doubt and scare. 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 have great hopes in Bitcoin being a store of value just like gold in future.
Cryptocurrencies are such a new and disruptive topic in the financial world that it is difficult to predict with a certain degree of certainty what could happen to them as a long-term investment instrument, so I think we should be very cautious about it and diversify our investment portfolio, dedicating only a small part to our long-term investments in cryptocurrencies. I prefer them as a short-term investment.
I think virtual currency can not be a value, by definition. This is not an asset that has the property of preserving capital. This is a big-big manipulation. While the cost of bitcoin is supported, it costs something. But this is for the time being.
That is only true right now because the size of the market of cryptocurrencies is very small but when this changes you will see that bitcoin will retain your value better than any fiat in fact I do not know why people complain, there is a high volatility but the volatility has benefited us greatly the only ones that lost money are those that do not know how to trade and were speculating with the price and those that bought because of FOMO.I dont believe cryptocurrency market is manipulation. Bitcoin as store of value is more powerfull than gold. Bitcoin price Growth in 2017 is more than x10 and no investment even gold can give gain like bitcoin. Volatility is always happen in any market and its very normal.
I am agree that bitcoin will retain our asset value better than any investment because bitcoin supply is very limited
Bitcoin will be reliable if people take the time to learn about reliable and dependable trading platform. And governments must open the door so that bitcoin can grow widely.
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.
It could be a store of value if it wasn't subject to futures contracts and that's capacity to make money betting against bitcoin without even buying.
Why does it need to have utility apart from its capacity to move wealth easily avoiding bank charges. If by utility it needs to be easy to buy a cup of coffee with it I disagree. Although it's egalitarian in nature, avoiding brokers, it isn't simple and it relies on faith. Faith that their money won't just go poof or that its value won't drop like a blimp with a hole where the naysayers are sucking out value making money betting against.
Yeah, like that case where the major investment bankers were all in a chat trying to plan what time of day they'd smash down the price of gold. They'd coordinate the selling of millions of dollars worth of contracts all at once just to set the avalanche down.
Gold bugs speculate that the actual price per ounce in the 10's of thousands but the futures contracts, which a bank can write freely without having any physical gold, keep the price capped around 1 thousand. They have a point--if there weren't so many shorts, the price of physical gold would be much higher. The same could very well happen with bitcoin (and already is as forex platforms allow CFD's)
What do you mean "bitcoin become" let me correct for you, it is trusted and long term store values. Its a profitable currency and return your invest more than your expect.
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.
It could be a store of value if it wasn't subject to futures contracts and that's capacity to make money betting against bitcoin without even buying.
Why does it need to have utility apart from its capacity to move wealth easily avoiding bank charges. If by utility it needs to be easy to buy a cup of coffee with it I disagree. Although it's egalitarian in nature, avoiding brokers, it isn't simple and it relies on faith. Faith that their money won't just go poof or that its value won't drop like a blimp with a hole where the naysayers are sucking out value making money betting against.
Yeah, like that case where the major investment bankers were all in a chat trying to plan what time of day they'd smash down the price of gold. They'd coordinate the selling of millions of dollars worth of contracts all at once just to set the avalanche down.
Gold bugs speculate that the actual price per ounce in the 10's of thousands but the futures contracts, which a bank can write freely without having any physical gold, keep the price capped around 1 thousand. They have a point--if there weren't so many shorts, the price of physical gold would be much higher. The same could very well happen with bitcoin (and already is as forex platforms allow CFD's)
If bitcoin wants to become a reliable long-term store, its value must reach its highest level for a long time. But to do that, people have to change their daily habits, moreover, they need absolute trust for reputable investors.
I think virtual currency can not be a value, by definition. This is not an asset that has the property of preserving capital. This is a big-big manipulation. While the cost of bitcoin is supported, it costs something. But this is for the time being.
That is only true right now because the size of the market of cryptocurrencies is very small but when this changes you will see that bitcoin will retain your value better than any fiat in fact I do not know why people complain, there is a high volatility but the volatility has benefited us greatly the only ones that lost money are those that do not know how to trade and were speculating with the price and those that bought because of FOMO.I dont believe cryptocurrency market is manipulation. Bitcoin as store of value is more powerfull than gold. Bitcoin price Growth in 2017 is more than x10 and no investment even gold can give gain like bitcoin. Volatility is always happen in any market and its very normal.
I am agree that bitcoin will retain our asset value better than any investment because bitcoin supply is very limited
I think virtual currency can not be a value, by definition. This is not an asset that has the property of preserving capital. This is a big-big manipulation. While the cost of bitcoin is supported, it costs something. But this is for the time being.
That is only true right now because the size of the market of cryptocurrencies is very small but when this changes you will see that bitcoin will retain your value better than any fiat in fact I do not know why people complain, there is a high volatility but the volatility has benefited us greatly the only ones that lost money are those that do not know how to trade and were speculating with the price and those that bought because of FOMO.
Yes, I have a firm believe that Bitcoin is and will be a long term trusted store of value. It has the features that are required to be a great long term asset. Plus the fact that it is running in the block chain technology that for me is made for the future. It is an awesome technology that is destined to revolutionize the financial world and help the people and the economy world wide.
I think that yes, it is going to be the long-term trusted store of value, at least for several years more, and maybe it will become the main currency because it is really great to be used instead of dollar even
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.
Well its hard to tell if bitcoin is trusted for a long-term investment but I do believe that it is capable because if you were in this world before perhaps you have been seen the long existence of Bitcoin and what it is capabilities. In fact, if you had invested in the year 2009 I am pretty sure that you are now one of the successful people. Regarding the question, if bitcoin will be a long-term investment, my answer is definitely yes. 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 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.
Correct it has exceptionally chance that bitcoin as well as cryptocurrency will wind up next enormous thing. The main issue lies in innovation absence of mindfulness however gradually it will spread. We definitely know traders are taking bitcoin as virtual gold so more to come. As we are still in early period of crypto so its best to purchase and hold for future pick up. 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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