Its price is becoming more stable – It has def shown to be able to maintain some value over the years. 😄
I think it is on it's way to being a good store of value but needs to be more predictable for being a great store – Agree.
BTC is really dangerous because is currency, bank and credit card; isn't a bubble ... time will tell – Well isn’t the financial system a bubble because of all the debt? Debts are rising faster than incomes. 🤔
Needs more practical uses – I disagree. Do you see gold with a great deal of practical uses? BTC can serve its purpose as a store of value. IMO, It need not be a transactional currency, as we can have other coins for that. 👍
It's been around for a decade and has value! – Yes!
two slow transations igh fees – Don’t think BTC needs to be a transactional currency.
yeah but there's still room for improvement though... – Yeah, won’t disagree. It could be less volatile.
164 Billion market cap. – Enough said (:
Low supply, global reach and first to market demand. – Yup!
I guess that depends a lot on people's perception... – I do believe the public is starting to see that BTC can be an alternative viable store of value. 👀
yes, yes and yes. i feel more confident in putting money into BTC rather than bank or other investments. – That’s awesome! But remember to not go all in! Diversification is important too. 👍
Nah ...not yet with it's 10year in space its still too small. Maybe after 20years we might see some impact (2030) approximately..yet for now it's useful in hedging against Global uncertainty and as medium of exchange though people still criticize it but it will scale over time (Due to tech advancement) – I believe the true litmus test for BTC would be during the next recession. It’s going to be interesting to see because initially, BTC had no correlation to the stock market. Recently, it has started to develop a slight correlation. 😨
With the invention of bitcoin it became no longer a forced option to save in Fiat money. If a central banks created new currency I would prefer to invest my savings into money that is no longer watered down by inflation the net effect of endless money creation! – Yeah, I feel ya.
i think it has, BTC is closing 10 years. it is trading above 9k now. there have been dips at time but it has rebound with strength. it is relatively new asset class. with time as more users come it will stabilise & lot of issues will be ironed out. – I believe this will happen in due time too. 😄
THE STRONGER THE CONTROVERSY, THE STRONGER THE LEGITIMACY! – Hmmm, not sure about this one… 😂
What if you want to store your value only for 1 year? Than it is like lottery if your value has gone heavily down or up. – Well, gold prices can fluctuate pretty widely too. 🤪