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>A good product for what, exactly? Since its inception it's an exceptionally good store of value over the medium to long term.
by drcross 9y ago
>A good product for what, exactly?
Since its inception it's an exceptionally good store of value over the medium to long term.
- Tepix 9y agoIt used to be a decent currency, it stopped being that a couple of months ago.
- wpietri 9y agoNot quite. Bitcoin has been an excellent bet. The economic notion of "store of value" requires stability, but Bitcoin is definitely not stable. Just today it fell 10%, and nobody would be surprised if it were to drastically exceed its previous peak next week.
- polynomial 9y ago> nobody would be surprised if it were to drastically exceed its previous peak next week. Apparently CBOE would be somewhat to very surprised.
- kgwgk 9y agoFollowing the peak 4 years ago it was 80% down after 1 year, 50% down after 2 years and had not yet recovered after 3 years... it doesn’t look so exceptionally good as a store of value.