Will bitcoin hold its value as an asset used for preservation of wealth even if another alt-coin becomes the main coin used in real world transactions?
Bitcoin has a low 20 million coin cap, which should mean that it will increase in value over time as scarcity increases. However, Bitcoins transaction speeds are much slower than other coins such as Ethereum or Cardano, which makes it less attractive for real world exchanging of goods and services. Do you think in a scenario where, for example, Ethereum became the choice crypto accepted as payment, Bitcoin could still function as a store of wealth like gold? What do you see as Bitcoins main use in the Future?
We have realized that encyclopedias will soon be the most valued collectible. We've sold off our bitcoins, and have visited every used book sale we can to ensure a financially stable future for our son. This room holds everything we have saved for his college admissions!
“There are people here who truly seem to want to see the world economy collapse, just to prove that their small bitcoin [core] holdings will be worth more than fiat. A perfect world would be where both can exist and have value.”
Vinny Lingham:"If things get tougher this month and Bitcoin can’t hold the Feb 6 bottom, there is a chance that ETH will rally instead and permanently decouple from BTC, along with other alts. If BTC can’t store value, then the market will probably find another way...".
How will funds be repaid back? If you held bitcoin there at the time, are they going to refund 20%(estimated funds left) of the value of what that would have been at the time, or pay back 20% of the bitcoin you were holding?
Lets say you had 10 BTC on mtgox at the time of the breach. Estimates are reporting that there is something like 20% of funds left. Does that mean someone with 10 btc would receive 2 bitcoins back? Or if those 10 btc were about 1000$ at 100$/btc, does that mean you'll only receive $200 back? IMHO it would be absolutely senseless to let others continue to profit off of the theft. I sincerely hope that the funds are at least paid back how they were stored on there.
Newbie Question: if Bitcoin goes down in price will iota be worth less in bitcoin value ? I’m curious i dont know if i should sell when bitcoin goes up or to hold my iotas? My friend sold his and with the profit of bitcoin bought more i’m just holding the little i have
Casascius coins are a good hedge. *Great Cold wallet. *Face to face/OTC trades. *Whatever happens to Bitcoin they will always be sought-after for their numismatic value. *If Bitcoin forks they will hold combined value of all chains.
Vinny Lingham:"If things get tougher this month and Bitcoin cant hold the Feb 6 bottom, there is a chance that ETH will rally instead and permanently decouple from BTC, along with other alts. If BTC cant store value, then the market will probably find another way...".
10-04 10:22 - 'Thanks for your advice, but I never had an intention of doing that. Even though, I'm confident the Bcore altcoin will lose nearly all of its original value over time, I'm going to hold it for a few months, just as insurance in...' by /u/xmrusher removed from /r/Bitcoin within 32-42min
''' Thanks for your advice, but I never had an intention of doing that. Even though, I'm confident the Bcore altcoin will lose nearly all of its original value over time, I'm going to hold it for a few months, just as insurance in case Blockstream's propaganda ends up fooling this incredibly naive market. I held my bch, I can hold bcore too. And while I'm no fan of bch, it still has infinitely more potential than bcore/cripplecoin/gregcoin/whatever name you manage to grab for your scamcoin. ''' Context Link Go1dfish undelete link unreddit undelete link Author: xmrusher
08-15 22:42 - 'Will Bitcoin Hold Its Value? Cryptocurrency needs to find the substances to hold its value instead of depending on speculation.' (medium.com) by /u/LookRevTeam removed from /r/Bitcoin within 15-25min
Casascius coins are a good hedge. *Great Cold wallet. *Face to face/OTC trades. *Whatever happens to Bitcoin they will always be sought-after for their numismatic value. *If Bitcoin forks they will hold combined value of all chains. /r/Bitcoin
New email from Circle: "Circle may choose to never support certain forks of Bitcoin even if they potentially hold value - and such value will potentially be lost to you." What a bunch of jokers! Hold your own keys gentlemen. This way you have your coins on all forks. /r/Bitcoin
One way to combat this is to buy (low) and hold the asset. Given the cycles, it’s difficult to know when the best time to buy Bitcoin is. The value might surge, but it also might fall, and the money invested might be lost. However, as Tyler Winklevoss – founder of Gemini exchange – states, “it’s still the bottom of the first inning” implying that it’s never too early (or too late ... But just because bitcoin may or may not hold long-term utility value doesn’t mean investors are safe buying bitcoin at its current price. Aberdeen Asset Management venture capitalist Peter ... Why Currencies Have Value . Currency is usable if it is a store of value, or, put differently, if it can reliably be counted on to maintain its relative value over time and without depreciating.In ... Bitcoin is not supposed to do anything other than be rationed. That’s its core value.” That’s its core value.” On the other hand, stablecoins could enable people from all over the world to send funds without worrying that their value will fluctuate during the transfer. Bitcoin Has Held Up Well During The Current Crisis. Analyst Willy Woo has posted a chart comparing the performance of the S&P 500, gold, and Bitcoin over the past five years.Whereas BTC’s remarkable rise in value during this time is well-known, this comparison reveals that the cryptocurrency’s recent drop in value is vastly less significant during this time frame.
The DashCast Will Bitcoin Hold Key Support? - YouTube
Feel free to follow the bitcoin price on a community driven live stream and join like minded people in discussion as part of our growing community. Bitcoin: ... Information contained herein is not an offer or solicitation to buy, hold or sell any security. The Token Metrics Media LLC team have advised and invested in many blockchain companies. Microstrategy CEO Michael Saylor said he will hold his company’s Bitcoin ( BTC ) for 100 years, and has no intention of selling it. On Aug. 11, the business ... #Bitcoin #Gold #StoreOfValue Will bitcoin pass Gold and precious metals as a store of value? Token Metrics Media LLC is a regular publication of information, analysis and commentary focused ... Grab my free Bitcoin trading course here: http://chrisdunn.com/bitcoin-basics I'm not a financial advisor. Make your own trading and investment decisions! I'...