Post
Topic
Board Economics
Re: Can we agree BTC is not a store of value?
by
carlisle1
on 16/07/2020, 10:10:23 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.
You just made this thread because of conona virus effect and now you wanted us to believe that it would fall to 3k?
But sorry it didn't happen because recovery follows right away and the price comes back to 9-10k again.
Bitcoin can't be a store of value because it is volatile . It is just good as investment. Now that there is a pandemic ,i think nothing could be possible as store of value because everything is going down drastically cause by covid pandemic.
lol we had already passed that point,Covid now seems nothing to effect the market look around,check the prices.