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RE: Store of Value vs. Exchange of Value

in #busy5 years ago

This bear market has been a correction from silliness that happened at the end of last year. When you take that anomaly out, things have really stabilized over the last few months price wise for sure.

Bitcoin is definitely not the future but it is Blockchain version 1.0 and a gateway for the early majority of adopters who have not shown up yet. Kind of like the flagship that will lead the way in the next bull market.

If you consider crypto as having good upside and speculate it will appreciate, you also have to be aware that many of the tokens and coins out there will go away. If that is the case, for now, Bitcoin would be a good store of value as it is not going anywhere. It is also very liquid in the context of your ability to exchange it for any other currency out there on any exchange.

So, as a payment technology, Nah. As a store of value and a flag carrier for all the payment technologies which have yet to see their day, sure!

Diversify using education though for sure.

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I think you're right...