4 ms·

Bitcoin's value is incredibly volatile. That's not a good attribute for a store of wealth.

• myth_drannon 7y ago
  Even loosing 90% is better than loosing everything to war, dictatorship, police.
  • notahacker 7y ago
    But having gold or offshore dollar bank accounts is better than losing 90%...
    • hanniabu 7y ago
      Ahhh yes, because rose are so easy to come by and to setup
      • notahacker 7y ago
        I can assure you a lot more people in countries with broken payment systems have managed to acquire gold and/or US bank accounts than to transfer their local currency into Bitcoins...
        • roboys 7y ago
          You can't compare the penetration of Bitcoin (10 years) to Gold (1,000+ years) yet but adoption trends point in bitcoins favor.
          • ericd 7y ago
            Do adoption trends really point in bitcoin's favor? Central banks have been buying 10s of billions of dollars worth of gold every year.
  • ericd 7y ago
    The worst case for BTC is not -90%. It has very little fundamental utility underpinning its value, and nowhere near the faith in its value that gold has built up over millennia.