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As many have argued before me. Bitcoin will probably not be useful as a every day currency, but more useful as a store of value and long term investment. There
by jvik 5y ago
As many have argued before me. Bitcoin will probably not be useful as a every day currency, but more useful as a store of value and long term investment. There are other cryptocurrencies that are faster, have lower transaction fees, provide anonymity and are just as easy to use.
- kaliali 5y agoLike cardano, polkadot, litecoin, etc...
- throw0101a 5y ago> Bitcoin will probably not be useful as a every day currency, but more useful as a store of value and long term investment. March 2020: "Bitcoin loses half of its value in two-day plunge" * https://www.cnbc.com/2020/03/13/bitcoin-loses-half-of-its-value-in-two-day-plunge.html https://www.cnbc.com/2020/03/13/bitcoin-loses-half-of-its-va... March 2021: "Bitcoin surpasses $60,000 in record high as rally accelerates" * https://www.cnbc.com/2021/03/13/bitcoin-surpasses-60000-in-record-high-as-rally-accelerates-.html https://www.cnbc.com/2021/03/13/bitcoin-surpasses-60000-in-r... Do you want the adjective "stable" in there perhaps? Store of value: > A store of value is essentially an asset, commodity, or currency that can be saved, retrieved, and exchanged in the future without deteriorating in value. In other words, to enter this category, the item acquired should, over time, either be worth the same or more. * https://www.investopedia.com/terms/s/storeofvalue.asp https://www.investopedia.com/terms/s/storeofvalue.asp Well, at least it hasn't gone down (yet?).