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Bitcoin smoothly moves between store of value and next level of banking whenever fees rise to high to transact or a new tech which is totally gonna make it scal
by igorkraw 6y ago
Bitcoin smoothly moves between store of value and next level of banking whenever fees rise to high to transact or a new tech which is totally gonna make it scale and be affordable for micropayments respectively.
As a store of value it is utterly unusable due to volatility. Like gold, another perennial favorite of a similar crowd.
- WanderPanda 6y agoBeeing a “perennial favorite of a crowd” seems like a good property for a store of value ;)
- igorkraw 6y agoDepends on the crowd size and philosophy. The only true store of value is a diverse portfolio, anything below that you need to use your own priors and data to decide what kind of risk you take.