Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
Emitdama
on 09/04/2020, 07:03:37 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.
Sometimes the post I see here is very annoying. So, you’re saying that Bitcoin is not a store of value because it hasn’t reached $20,000 again and cause it never continued to go up after reaching that rate? I don’t even know who told you that Bitcoin is a store of value when you know very much that it is a means of payment peer-to-peer and an investment for those that chooses, and you were also told that it is a volatile asset.

So, what makes you think that the price will reach $20,000 and keep going up? Some of you join this community with a greedy mind-set; because you saw the price reach high, you thought it will keep going up and you jumped on the train.