Bitcoin has died 166 times, so far

Re:Bitcoin has died 166 times, so far by alexasmyths on Wednesday September 20, 2017 @09:30AM (#15293499)

" because millions of people view Bitcoin as a good place to park their money over fiat currency."

This would be very unwise.

BTC is highly volatile, and could go to 0 tomorrow.

It could could be made useless by the stroke of the pen someone in any big government.

Nobody keeps most of their assets in cash.

Stocks, Bonds, real estate, a basket of commodities, a basket of currencies - or even a decent long-term-interest savings account ... are all considerably better than BTC as stores of value if you don't like fiat.

When considering the 'risk premium' - BTC is a speculative instrument only. Not a currency, and definitely not a store of value.

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Re:Bitcoin has died 166 times, so far by xiaoma on Wednesday September 20, 2017 @08:41PM (#15299655)

Stocks and real estate are a reasonable shield against monetary policy, but baskets of currencies, bonds and long-term-interest savings are all extremely vulnerable to inflation.

BTC on the other hand, is deflationary by design.

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Re:Bitcoin has died 166 times, so far by dreit1 on Wednesday September 20, 2017 @10:31PM (#15300166)

Any bootstrapped currency will have a very high risk premium. That doesn't mean it doesn't behave like a currency

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