Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
tbterryboy
on 28/03/2020, 18:34:40 UTC
Listen to this podcast.
https://unconfirmed.libsyn.com/coronavirus-how-it-will-impact-bitcoin-and-the-halving-ep116
However much you want it to be, BTC is NOT a store of value.  It has been a few years since $20K and even now, each peak is smaller than the previous peak.  Probably be $3K by the end of the week.
Well, I have never for once seen it as a store of value; to me, bitcoin is not a store of value, it’s just an investment and whatever goes into bitcoin is what I can afford to risk and apart from that I also use it for transactions in cases or places where it’s possible that I can make use of cryptocurrency, and those are few.

When I invest in bitcoin and altcoins I already know that there are risks that are involved in buying and storing them, so I relax and wait till the price goes up and when it reaches a rate where I’m completely okay with it, that’s when I sell it and convert to whatever I want to convert.