Post
Topic
Board Speculation
Re: the best evidence that bitcoin will succeed, courtesy of fewcoins
by
JimDowJones
on 08/12/2014, 08:44:51 UTC
[...] store of value is just one very important property of currency and bitcoin is great at it.

Hey hey... what are you talking about? A store of value is good when you can store value in and retrieve it out when you need it. Bitcoin is a great store of value only if price constantly rise amiright? But, today, will you store your wealth in bitcoin? Hell no, because it can drop 5% or more in a day like nothing. And who want to lose 5% or more in a day? Nobody. When/if bitcoin price gain stability (or start ever-increasing again) then it will become a great store of value again. But not now. BTW i do understand bitcoin usefulness and actually use it, only not as a store of value (obviously).

I look at bitcoin as gold 2.0 and the future of banking because after holding my value in bitcoin for two years ive made 10,000 percent on my investment and there is nothing that can offer me reward like that in traditional banking cults.