Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
lixer
on 11/07/2020, 20:55:52 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.
I just don’t understand some people. It’s not a store of value, that’s for you, and not for others. You have clearly said what you want, you just want the price to increase so that you will make huge profit, but you have been disappointed.

This is the same with people that were buying cryptocurrency (bitcoin) at the peak price and pretending they were buying it as a safe haven, while their main motive was to make quick money, because they thought the price will keep going up, but they were all disappointed. If you want to invest in bitcoin as store of value, then do it with plans to hold for a long time, because if you’re planning short time, then it’s probably a waste of time.