Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as Store of Value - Not Sustainable
by
ulhaq
on 12/12/2017, 18:46:36 UTC
On the contrary, the value of bitcoin should rise consistently as it proves itself a more reliable and cost effective means of storing value than other investment vehicles. By the time, bitcoin's limited supply becomes an issue we will probably have seen multiple recessions and economic meltdowns, we'll likely have seen multiple stock market crashes and possibly even the crash of the dollar and euro.

If bitcoin holds steady without any major malfunctions during what could be a difficult future in terms of economic and financial forecast, its value should climb steadily in comparison to other stores of value.


You are missing my point, the reason for this thread. I agree that the price of bitcoin will go up. The issue is, as more people hoard, there are fewer transactions, and thus not enough fees for miners. That is why I do not see how bitcoin is sustainable if it is only a store of value.