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> Which means easy to store Sure, if you want to trust an exchange. But try setting up and running Bitcoin Armory and see how 'easy' that is > exactly because
by tomc1985 6y ago
> Which means easy to store
Sure, if you want to trust an exchange. But try setting up and running Bitcoin Armory and see how 'easy' that is
> exactly because it is a good store of value
I wouldn't consider highly volatile currencies a "good store of value".
> and highly resistant to manipulation and inflation.
Far from it. An exchange goes tits-up and BTC plummets, and then everyone else follows. It's super susceptible to coordinated pump and dump schemes. Holding any crypto can get you red-flagged by the IRS, and if you don't admit to it most legit exchanges will rat you out. (Better for non-Americans, I guess...)
One of my favorite things to do every now and then is pull up CMC and see just how many coins' performance is a fraction of BTC's. Its funny because at BTC's most volatile times nearly the entire chart is red or green.