Quote from: Zin-Zang on December 08, 2018, 08:49:56 AM

Quote from: Vigme86 on December 08, 2018, 08:42:16 AM

Quote from: Zin-Zang on December 08, 2018, 08:15:55 AM

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.

You do have a point, but BTC is a store of value not in the mid term (2-3 years) but in the long one (at least 5 years).

Gold has lost 50%+ of its value against USD in the past within two years (Jan 1980 - Jun 1982), but in the long term has always kept its value.

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

BTC is really too young to be judged on a long term view, but it has always shown a steady growth since its foundation, we'll see in 2021 who's right.
If someone invested a sum at 6,000 USD/BTC that he cannot afford to lose I'm sorry for him, but that's a misinvestment.

By the way BTC can't die if current miners stop mining, this just means difficulty will be lowered, medium hashrate will decrease, new miners will come.