Post
Topic
Board Speculation
Re: Bitcoin is a reliable store of value - what’s a reliable store of value for you?
by
Jating
on 08/09/2022, 20:44:51 UTC
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.

Bitcoin is a unique store of value because its price can go down and up, and we never know when that will happen. Apart from that, the rarity of bitcoin is one thing that makes it unique so I think bitcoin is a store of value as well as gold.

Again, still boils down on how you are going to put your money on it to become a store of value. So it's really up to us per individual on how we are going to make it our own store of value. Because if we look at the price it is very volatile, hence could not be classified per se at SoV.