Post
Topic
Board Bitcoin Discussion
Re: Charles Hoskinson's Take on Bitcoin
by
Pmalek
on 17/06/2021, 08:54:53 UTC
Bitcoin is not a store of value, and anyone that confuses it for such will suffer dramatically.
Short-term, yes they might suffer. If you bought at $60k, your portfolio doesn't look that good right now. But why are you thinking short-term? It's been proven time and time again that its value increases over several years.

And don't forget that when bitcoin falls by 10%, alts fall by 20%. When bitcoin falls by 50%, alts fall by 80% or 90% and some never recover. Bitcoin has recovered every time and reached new highs.