Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
Mauser
on 11/07/2020, 07:30:30 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.

Why so pessimistic about the outlook of bitcoins? Now in July BTC is still above 9,000 USD. I haven't sold any of my coins in a while and not going to do so. Bitcoin is a currency like many others, you can use it as a diversification in your portfolio. And historically speaking it has been a good store of value. Storing your value would mean it rises slighty with inflation and doesn't jump around to $20k. I believe bitcoins will become more and more stable in the future, making it a good instrument to save money. For gambling and high risk investing I would recommend altcoins.