Post
Topic
Board Altcoin Discussion
Re: Store of Value Coin, other than Bitcoin, which one ?
by
adaseb
on 24/07/2019, 21:47:23 UTC
All bitcoin maximalists like to say that Bitcoin is the only coin we should buy, but there could be others we should look at, which at the moment are not clear.

Clearly ETH is not a store of value.

Which coin do you think can be the Silver2.0 or Copper2.0, just like Bitcoin is Gold2.0

Any new coin with merit and deflationary supply curve like Bitcoin ?

What do you think ?

PS: Dont shill your bags, it is not the purpose of this thread

I don't think any of the other alts are really considered store of value.

The reason why bitcoin is/was considered store of value was because making transactions on the bitcoin network can get expensive. Hence people only buy it for the long term. If the transaction fees go back to the $50/transaction then most likely people will buy Bitcoin once and keep it stored and then sell it a few months/years later paying the expensive transaction fee only once. This is just an example, it doesn't mean the fees will actually go that high.

ETH and LTC don't really suffer from these high fees. Its very cheap sending coins on most alt-coin these days. That's why many sites have started to accept alts because the network is more clear and its quicker to send and receive coins.

Only example I can think of Silver 2.0 is maybe Litecoin.