Quote from: OgNasty on September 07, 2022, 11:02:16 PM

I don’t consider Bitcoin to be a store of value. It’s a highly speculative asset.

Bitcoin is a store of value but it has massive upside potential. It is still risky but we need to have an overall view at it.
Despite being very volatile, Bitcoin has resulted in masive gains and is likely to do so again, making it a good store of value.

Quote from: Jawhead999 on Today at 11:30:32 AM

Quote from: OgNasty on September 07, 2022, 11:02:16 PM

I don’t consider Bitcoin to be a store of value. It’s a highly speculative asset. When I think store of value, I think things with a very long history of increasing value. That leaves the S&P 500 as the best place to store money, followed by owning your home, and then things like artwork or gold jewelry. Bitcoin is a bet on a new emerging asset class.

I think if Bitcoin already proven survived for many decades and everyone trust it, then Bitcoin can be said as store of value.

I agree, Bitcoin is proven for a long time and will continue to do so. It is just starting because at some point, Bitcoin has to be inventend and is still new.
But it is reliable and we are just extremely early.

Quote from: Jawhead999 on Today at 11:30:32 AM

Bitcoin would resistant against government centralization and dictatorship, but we don't know how much Bitcoin will worth since the adoption will highly decreased.

Exactly, Bitcoin is also very useful against dictators like Putin.

Quote from: Jating on Today at 08:44:51 PM

Quote from: pieppiep on Today at 04:15:03 PM

I still want to keep my money in bitcoins and even though the price will still be as it is now, up and down, I'm not afraid because it's just a part of bitcoin that will probably always be there until later. If you are afraid to save money, maybe you need gold as a place whose price will not change much compared to other types of investments.

As long as you are not going to sell it in a bear market or at least a time that you will never profit then your money is good with it as store of value.

You are right, we should not sell Bitcoin in a bear market because it would mean selling at a loss.
Buy high, sell low is not a good option.