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Author Topic: Bitcoin as a store of value?  (Read 2918 times)

Offline Herry

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Bitcoin as a store of value?
« on: October 18, 2020, 12:16:25 PM »
What do you think what cryptocurrency is the best for store of value.

Bitcoin is the most popular and a lot of people use it, but there are other cryptocurrencies too with different benefits.

For example Monero is private coin that can not be traced.

 

And what other assets do you prefer as a store of value?

Gold has been traditionally used for hundreds of years for example.

Source link: https://no link to CT/topic/402-bitcoin-as-a-store-of-value/
« Last Edit: November 27, 2020, 02:14:33 AM by Justin »
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Bitcoin as a store of value?
« on: October 18, 2020, 12:16:25 PM »

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Offline Goblin

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Re: Bitcoin as a store of value?
« Reply #2 on: October 19, 2020, 02:47:37 PM »
What do you think what cryptocurrency is the best for store of value.

Bitcoin is the most popular and a lot of people use it, but there are other cryptocurrencies too with different benefits.

For example Monero is private coin that can not be traced.

 

And what other assets do you prefer as a store of value?

Gold has been traditionally used for hundreds of years for example.
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Offline jakasantosa

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Re: Bitcoin as a store of value?
« Reply #3 on: October 20, 2020, 06:01:45 PM »
what other assets do you prefer as a store of value?

I think Ethereum can be used as a store of value. Even though there are actually many other coins that can be used as a store of value. Because in my opinion Ethereum is mostly used as a crypto exchange transaction
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Offline Blaze

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Re: Bitcoin as a store of value?
« Reply #4 on: October 21, 2020, 03:29:53 PM »
what other assets do you prefer as a store of value?

I think Ethereum can be used as a store of value. Even though there are actually many other coins that can be used as a store of value. Because in my opinion Ethereum is mostly used as a crypto exchange transaction
ethereum can be used to create new tokens because it can take advantage of its smart contract technology which is commonly called an ICO.

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Re: Bitcoin as a store of value?
« Reply #5 on: October 21, 2020, 11:15:32 PM »
In this case, the token or coin utility of cryptocurrencies is different, so do the platforms. And for the BTC itself, it really has a high value. We can see how the market cap, volume, circulating supply of BTC in the market. That is why we are sure that BTC is the most valuable crypto that we can trust.

Offline Cryptoz

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Re: Bitcoin as a store of value?
« Reply #6 on: October 21, 2020, 11:21:10 PM »
The best crypto coin for the investment is still Bitcoin. We know that the current price is increasing significantly, it is the sign that a chance to get big profits. We also know that Bitcoin is the king of crypto coin, so no doubt that Bitcoin is leading other coins in every matter, including in the potential profits through investment or store our money on it.
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Re: Bitcoin as a store of value?
« Reply #6 on: October 21, 2020, 11:21:10 PM »


Offline Senin

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Re: Bitcoin as a store of value?
« Reply #7 on: August 03, 2021, 06:48:41 PM »
The best crypto coin for the investment is still Bitcoin. We know that the current price is increasing significantly, it is the sign that a chance to get big profits. We also know that Bitcoin is the king of crypto coin, so no doubt that Bitcoin is leading other coins in every matter, including in the potential profits through investment or store our money on it.
It must always be remembered that cryptocurrency is an area of ​​increased financial risk and in this market you can both quickly get high profits and quickly lose your money invested in it. However, the risks are manifested not only in this. Cryptocurrency is developing rapidly and any type of it can become obsolete over time and leave this market. This also applies to bitcoin, although many cannot believe it and consider it almost eternal in this market.
It is relatively safe to invest for a long time in the top ten coins of the CoinMarketCap table. However, you always need to control the price situation in the market and remember that only we are responsible for our actions in this market.

Offline Ferki

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Re: Bitcoin as a store of value?
« Reply #8 on: August 12, 2021, 06:16:26 PM »
At the moment, all crypto currencies really function is a store of value, assets. There are individual examples where you can also buy goods with crypto, like with fiat, but it is not that widespread yet. But something is happening every day in this direction and very soon it will be time that you can also buy your daily bread with crypto. Is just my opinion .
« Last Edit: August 16, 2021, 07:25:09 PM by Ferki »

 

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