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> Something that is a good store of value should not be volatile If it mostly goes up, it's still a good store of value, even if the volatility is high. So fa
by bufferoverflow 2y ago
> Something that is a good store of value should not be volatile
If it mostly goes up, it's still a good store of value, even if the volatility is high.
So far it outperformed every fiat currency on the planet.
- throw0101d 2y ago> If it mostly goes up, it's still a good store of value, even if the volatility is high. So does the stock market, but if I want to buy a house in 2025, I don't keep my downpayment savings in the stock market but rather in a savings vehicle that protects the principal. I don't want something that goes down (or up) regularly if I want to store value: I want something that is predictable so when I go back to it to spend it (the whole point of currencies) I have a rough idea of what I'll have to work with. > So far it outperformed every fiat currency on the planet. The point of currencies is not performance but stability.