Store of Value?
bitcoin·@jrcornel·
0.000 HBDStore of Value?
<html> <h1>Gold has long been labeled a store of value.</h1> <p>Partly because of it's lack of "perceived" volatility. </p> <p>In fact, that is one of the key differences between Bitcoin and Gold, at least according to gold bugs.</p> <p>While the volatility might be slightly less with gold, check out this chart:</p> <p>https://s26.postimg.org/v2dsq65xl/saupload_Mo_Iy9p_0_TILze5_Sh_M8g0r_Li_V9_R7_S0e3x_Nsblbk_B.png</p> <p>As you can see on the far left, that is the volatility of gold when it first started to really trade freely.</p> <p>Check out the far right side of the chart, that is Bitcoin currently, which is also at the beginning stages of trading freely.</p> <h1>As you can see, those are some very similar looking charts.</h1> <p>What is most interesting is how far down Bitcoin has come down on the volatility chart as of late.</p> <p>It even dipped below that of gold for a few short periods of time.</p> <p>That is interesting. </p> <p>Keep in mind, that I am not saying that I think that Bitcoin is a better store of value than gold, or that it will eventually be less volatile, but I do think that the longer it trades and the more hands eventually hold the coin, the volatility will most certainly come out of it. </p> <p>It will be interesting to see how things unfold as time goes on.</p> <h1>Basically the point in all this is this...</h1> <p>When things are first traded they tend to be more volatile.</p> <p>That, and something is a store of value simply because people believe that it is.</p> <p>Right now there are a lot of people out there who would much rather sell an ounce of gold then they would sell a quarter of a bitcoin...</p> <p>I would imagine some of the money currently invested in gold will find it's way into Bitcoin in the not too distant future.</p> <p>Image Source:</p> <p>https://seekingalpha.com/article/4104272-bitcoin-investment-decade</p> <p>Follow me: @jrcornel</p> </html>
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