Ok if I bought in a few months ago at 800 - 900 USD I would now be at a 50% loss. Is that a store of value? No, it's not.
Incorrect. Other recognized stores of value are real estate, stocks, and gold. Those have all suffered 50% draw downs at times.
The definition of store of value you are using is not the generally accepted one. If you pick your own definitions you can support almost any argument.
http://en.wikipedia.org/wiki/Store_of_valueI concede and I see your point. I'll file what I've learned away for the next time.