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RE: Is Bitcoin Losing The Mojo?????
I just don't know why something is more valuable as a store of value if it has less utility as exchange. I want both, because I can have it.
I just don't know why something is more valuable as a store of value if it has less utility as exchange. I want both, because I can have it.
IMO Bitcoin's value comes from brand recognition because it was the original blockchain. I look forward to the day when there is no such thing as "Bitcoin Dominance"
It is mainly the name, and that is very important because many people who are just starting out in the market, only know Bitcoin, and therefore invest their capital in it, it is practically the main form of capital input to the market.
While Bitcoin remains being the core of the market, then there will be no true decentralization.
The other factor Bitcoin has is liquidity for big players.
Someone is not going to dump $50M in STEEM with only a $1B market cap...they can do that with BTC and still be able to get out if need be.
I dont know why either but that is how it seemed to work.
Gold, itself appears to be a much better store of value than exchange.
People value what they value.
I guess it comes down to if something have value I want to hold onto it...especially if it could go up.