Post
Topic
Board Bitcoin Discussion
Re: Whats your most common uses for cryptocurrencies?
by
arakosta
on 23/01/2019, 05:11:56 UTC
This might be ironic right now due to the huge price fluctuations, but bitcoin as a store-of-value. I'm very positive that with time, I assume bitcoin will attain a stable price; it's pretty much just a matter of 'when'. People will realize how good bitcoin is as a store-of-value(and as a currency), only when they actually experience economic crisis in their country. Of course using a store-of-value currency like bitcoin would kinda be pointless for people in countries like the United States, but for people in countries going through an economic shitstorm like Venezuela, bitcoin and cryptocurrencies are a godsend.
Due to its nature I don't believe Bitcoin will attain a stable price any time soon. I do agree with you and I also use Bitcoin as a store of value right now. It's like the gold of cryptocurrencies, Bitcoin isn't going away anytime soon, and if you haven't bought at the ATH of 20k then from where we are now ,you can only go up.
I know that's not how Bitcoin was supposed to be used, but at the moment it's the smartest thing for me to do.