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Currently buying Bitcoin is a very similar risk profile to buying stock of Facebook, where the value is highly correlated to the network effect, so even as a st
by elmar 9y ago
Currently buying Bitcoin is a very similar risk profile to buying stock of Facebook, where the value is highly correlated to the network effect, so even as a store of value Bitcoin doesn't work very well because of volatility, we will have to wait what current or future cryptocurrency develops a similar behavior to fiat currencies.
- Frogolocalypse 9y agoWho do you think you're kidding? It works exceptionally well as a store of value, regardless of volatility. It is approaching an increase of value of 100x in three years.
- elmar 9y agoIt worked wonderfully as an speculative investment and that correlates to working as a store of value there's a subtle diference.
- Frogolocalypse 9y agoOnly if you don't like recognising a store of value when you see one.