If you think Bitcoin is a store of value at any time frame, you are marking yourself as a moron.
Store of value need to be stable, bitcoin is never stable.
It either shoots up in price or crashes down, stable it has never been!
Nutjobs , don't think bitcoin can die, and products can be replaced by newer better performing products.
Confusing religion beliefs with a product cycle is why so many here lose their shirt with bitcoin.
Store of value need to be stable, bitcoin is never stable.
It either shoots up in price or crashes down, stable it has never been!
Nutjobs , don't think bitcoin can die, and products can be replaced by newer better performing products.
Confusing religion beliefs with a product cycle is why so many here lose their shirt with bitcoin.
I used to think a Store of Value needs to be stable. But maybe, that's wrong. A Store of Value does not need to be stable. The important requirement is to retain value over time. Bitcoin is digital and has 21M supply. There will never be enough. It is going to be volatile. Gold has 1.5% inflation rate. It's still volatile. Governments hoard gold to reduce its volatility. Gold screwed economies up badly over the years. People abandoned it. They don't like using gold as a medium of exchange because it's volatile. Gold has been a Store of Value for thousands of years.
Stock markets are volatile. Governments implement measures to stabilize the markets. Its stability is done through manipulation. We saw this in 2008 and now.
So a Store of Value is usually volatile.
