phoe17

9 tahun yang laludiscuss

The fall is not as quick as the rise. There was a lot of resistance, I wonder where the price will plateau.

Does this have anything to do with the futures?

phoe17

9 tahun yang laludiscuss

> If someone's investment in BTC is significantly larger than their investment in bonds, commodities, real estate, etc, then "it's a store of value" is probably not the real reason they're buying BTC.

Are there any good articles or blog posts analysing this trend?

phoe17

9 tahun yang laludiscuss

I have a read a few people comparing Bitcoin's store of value to that of Gold's. That analogy does make sense but they started off by calling Bitcoin a new form of currency, have we given up on that use-case?

Also, Gold fluctuates a lot less and the exchange of Gold is often not anonymous. If I am looking for a place to put my savings why would I choose an anonymous market that is highly volatile?

I understand that this logic is negated by Bitcoin's current value.

phoe17

9 tahun yang laludiscuss

It could be because of the hype around the cboe's Bitcoin futures.

phoe17

9 tahun yang laludiscuss

Isn't the high volatility a major drawback to this use-case?

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