Quote from: Stepstowealth on February 07, 2025, 09:27:56 PM

Quote from: OfficialGratejoy on February 06, 2025, 11:14:23 AM

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All the people quick to claim that Bitcoin remains their number one choice will not decline or turn away from an opportunity to invest in any new token or altcoin that has the hype of many people. People claim love for bitcoins, but sometimes e dey be me like say na for only mouth people get this love. Bitcoin na the best for the now, but man still keep e mind open for new opportunities wey fit come from other sectors. Crytocurrency na wide place, as far as bitcoin dey trusted, nor be the only opportunity wey dey inside.

Bitcoin na the main cryptocurrency wey you go invest into and you no go too dey fear say your investment go fail. Na long time investment and for many years e don prove himself to be the worthy investment wey people go fit diverge into as far as the cryptocurrency industry is concerned. I have longed seen how the bitcoin market dey work and how e take they transgress along the price chart and e don already prove itself to be the best among all other investment for cryptocurrency. Other altcoins dey wey dey volatile too, but none of them fit compete for where bitcoin dey in term of people dey use, store and trust am for their investment purposes.

Quote from: Felicity_Tide on Today at 03:43:05 PM

And you pointed out that investors use Bitcoin as a store of value. Well, it kind of fit that description, but is Bitcoin actually a store of value?. From what I know, anything with store of value is something that can retain it's worth or purchasing power over time, but Bitcoin happens to beat that description, as it doesn't only retain it's value, but it also increase in value as well. Another phrase might just sound cool, rather than the "store of value".

You are right and the OP is also right in his description of what bitcoin is today. As a store of value, it retains a lot of worthiness for it in the long term while still experiencing volatility which makes the price to increase and sometime decrease. But ultimately, despite the volatility nature of the market that bitcoin faces, it increment as a store of value due win in the end which is most important.