Topic: Will Bitcoin become a long-term trusted store of value? - page 6. (Read 3333 times)
Yes, of course, I'm sure of it. Its price is growing, slowly but purposefully. A price drop means a correction, not a final fall.
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.
I think it will be possible for the next years, you see day by day technology is improving and as well as the community, some people are determined that bitcoin will become a certified currency in the future.
Yes, It will be possible because of its potential network and system It will be a great opportunity for some investors to have this in their options , some of them will think that bitcoin has a lot to offer for them.
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.
I think it will be possible for the next years, you see day by day technology is improving and as well as the community, some people are determined that bitcoin will become a certified currency in the future.
I am convinced and optimistic that bitcoin becomes a trusted trusted store of value, this is because more and more countries are legalizing bitcoin like japan or germany, and what's going on with bitcoin today is the beginning and great opportunities are still open.
- Agreed that many countries are legalizing bitcoin but there are still a lot of countries that are forbidding bitcoin, not allowing bitcoin traffic, they do not want the bitcoin to grow stronger in the future because the existence of bitcoin is helping too many people start tax evasion and delinquency, affecting the interests of the government. That made me just feel bitcoin is a reliable store in the temporary and short term, it can not go further when governments still have no consensus, however, the future may still have surprises, we can hope the bright future of bitcoin will appear. 
I am convinced and optimistic that bitcoin becomes a trusted trusted store of value, this is because more and more countries are legalizing bitcoin like japan or germany, and what's going on with bitcoin today is the beginning and great opportunities are still open.
It's hard to accept that it's inconceivable that the haters do everything they do including making scam projects that make users afraid to invest in bitcoins, and if they can not last long enough then we have to be ready.
Well actually, I cant answer that. We all know that bitcoins value is not stable. It goes up and down always. Like right now, bitcoins value is low. Very low and I hope it will reach 1 million again in the future.
Yes, maybe bitcoin will be a long-term trusted value store, because over time many people will recognize and use bitcoin to make a profit. So in the years to come I think bitcoin will be better known and trusted people to invest.
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I am sure it cant be collectible as it dont have the physical forms. What would you collect? Algorithm, I dont think so.
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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.
I think you are wrong here. The example of CryptoKitties, among others, shows that something which doesn't have a physical form can be collectible. In December 2017 one crypto kitty, called Genesis, was sold for over $100,000. It's just a matter of preferences, what one thinks would be cooler to have, 1 Bitcoin or 1 crytpo kitty? IMO, it would be better to have 1 Bitcoin, but I know that most people(not on this forum of course) still think that dealing with Bitcoin is rather shameful. When this situation will change (and it will change pretty soon, I'm sure) it will become cool to reply on the question "Do you have Bitcoin?" with "Of course, I do!" And then there will be people who buy BTC for no other reason than to have one, like collectors do.
BTC is becoming a digital gold! Bitcoin is a good wealth tool to preserve and increase value!
BTC and cryptocurrency have been accepted by more people. People believe that the currency of BTC, the value of BTC will slowly rise!
BTC and cryptocurrency have been accepted by more people. People believe that the currency of BTC, the value of BTC will slowly rise!
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)
I suspect that even so-called cryptocurrency haters would like to have Bitcoins. They envy those ones that are earning on crypto but they will never confess to it. If you wish to make a long-term investment, buy BTC.
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.
Will yes.. infact its already a long term trusted. Bitcoin appear 2009 and now its 2018. Almost 10 years servicing crypto currency world and i think it will be more to come on him.
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!
yes recognized by many countries but not all. other countries are not even close to accepting btc. But yes it is a good investment if you know how to invest, i agree with you on that!! Block chain technology will be developed this year, and the price of BTC will increase steadily!
BTC is really a good investment!
Theres is a fact that I would like to state, I strongly believe that Bitcoin is here to change the financial system as we all know, so sending and receiving funds worldwide is now gonna be faster and less stressful. This would certainly improve the value of Bitcoin as a means of exchanging and storing value. The law of demand and supply would also kick in here to help increase the value of Bitcoin. So I certainly feel that in the nearest future it would be used to store value.
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.
As of today, bitcoin is still active because there are a lot of people still believing on it. Bitcoin is becoming much more reliable one so it is still manage to live these days and in the future. So, yes.
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.
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 $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
Still big players still have decided these are risks well worth taking, Bubbles usually pop after the dumb money chases the smart money but until now it has mostly been individuals and small investors who have driven the bitcoin phenomenon. While people can buy fractions of bitcoins in increments of as little as 1$ on cryptocurrency exchanges institutional investors have largely been barred from those venues owing to fiduciary and compliance requirements around custody of assets. 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 we are able to get rid of liquidation in btc trading and uses in everyday life,we will maintain a constant value and volatility will disappear into thin air.When that happens,bitcoin will be a trusted investment of all time.
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