Post
Topic
Board Bitcoin Discussion
Re: Medium of Exchange vs Store of Value: Where is Bitcoin today?
by
Zin-Zang
on 08/12/2018, 08:49:56 UTC
A store of Value , Holds it Value Relative to Fiat.

Bitcoin is not a store of Value as over 80% can be lost at a moment's notice as the past year has proven.

Things that value is almost fixed are a store of value.

People need to learn the difference.

Bitcoin is a fluctuating medium of exchange, it has never been and never will be a store of value.

It depends, how are you defining store of value ? In a free market, nothing has a fixed price.
If you see Gold/USD 50-years chart, it has highs and lows too.
Do you think gold is not a store of value ?


A store of value is an asset that maintains its value without depreciating.
https://www.investopedia.com/terms/s/storeofvalue.asp

BTC has 80% losses every 2 or 3 years , a store of value it is not.

Gold remains relatively stable , and when it price decreases too much , their are alternative uses in industry for it that eventuality increase it's price.

BTC has no other usage except as a payment system, which the miners are now losing money to keep it running.

Gold can't die, because a group of miners stop mining , bitcoin can.

Find anyone that purchased Bitcoin above $6000 and tell them it is a store of value,
don't be surprised when they laugh in your face and ask for their thousands of dollars of value back that evaporated into thin air.