Post
Topic
Board Speculation
Re: Stability the shortest way to public adoptions.
by
Bitcotalk
on 03/11/2018, 09:41:28 UTC
For bitcoin to be used as a store of value and a medium of exchanging for goods and services, It must be stable like others currencies.

What stability? What "other" currencies? Fiat currencies? Fiat is the worst store of value.

This is the purchasing power of the U.S. Dollar from 1913 to 2013, and it is contantly sinking.



Give me Bitcoin, or give me death. Cool
wow i just know this, so this is one of the reason back you can buy more things compare to these days with a same amount of money

Well, when you made $20 a week it better have bought more.
The problem with bitcoin is it needs to gain value over time or it becomes irrelevant, who wants to hold your money in something that is sinking? fiat can sink over time in value and remain relevant because it's all relative to the other fiat currencies and wages, and bank interest offsets most if not all of the drop.
So far bitcoin has done that in spades, but if the next halving comes and goes and the price doesn't surpass the last high by a good amount within a year or so it may be abandoned and crash to near nothing. Leaving prior adopters stranded is not going to work.
What do you mean by bitcoin becoming irrelevant if it does not gain value over time? The thing is that a lot of people are actually just looking at only the idea of bitcoin increasing in value over time alone, but you better start coming to terms that when mainstream adoption kicks in, you will not get to see the same level of volatility you are seeing now over time.

People need to understand that there is more to bitcoin than just the growth in price alone over time. What we should be more concerned is the real value and seeing that in the long run, bitcoin leaves the speculation zone and hit usage level.