This study intends to point out an obvious attribute of Bitcoin that is often neglected. Its quality as a Store Of Value.
Historically this attribute is distorted as Bitcoin is subject to heavy speculation creating the Bubbles that mainstream media and short term traders pay much attention too. But on market that is such psychologically driven one aspect remains a constant. The parabolic curve which has been very steady throughout BTC's historic volatility and where the price always return to find support after the speculative Bubbles. We can call this the "Store of Value Curve". We can argue that this curve represents Bitcoin's true attribute.
Most traders are missing the big pictures and Bitcoin's fundamentals as a Store of Value are better seen by looking at the Yearly Candles that show tremendous growth but most importantly the Yearly Lows which represent the safety and security characteristics of a store of value asset through time.
The purpose of this short study is purely informative but the question remains. If Bitcoin is on its true store of value fundamental levels, why would anyone miss this opportunity to invest?
We welcome arguments on both sides of this debate in the comments section!
Below is a strong argument on why investors should buy BTCUSD on the current level:
Thank you for your views. I personally find them very well argumented, concise and to the point. It is a pleasure going through them, as always.
InvestingScope
⋅
@Zoen_Trieste, Thank you for your support and kind complements Zoen. Your work is also fantastic, particularly on WTI Oil. Keep it up.
filbfilb
⋅
Here is the original work.
SorinBlajan
⋅
@filbfilb, i find your arrogance kind of disturbing
InvestingScope
⋅
@filbfilb, With all due respect where do you mention on your piece of analysis terms like "store of value curve" or yearly candles, yearly lows? The terms we see on the text body of your post are "Hype, Bear, Bull, yellow line, China ban" etc. Do not have the illusion that you have an "original piece of work" and that everyone goes through your page to copy your content. We do not have the time luxury nor the desire to read everyone's ideas and see who had the same idea before us. And even if we did we would be more than happy to reference someone when there are copyrights involved. This is a platform for sharing ideas not for cultivating egos.
Hey Crypto George, as a noobie retailer I got into investing/trading btc about a year ago, nov 2017. I’m very happy I sold in February last year at 13.5 for a ~100% profit. I’ll think consider buying back when it breaks weekly supertrend or daily ichimoku cloud (20, 60, 120, 30). For me it hasn’t been a store of value.
InvestingScope
⋅
@shadow_broker, Well done Shadow Broker for shorting during this bear market. We have been doing the same and you are well aware of that. It is next to impossible to predict the exact High to sell or bottom to buy. What we try to do is predict the general cycle, stay within its limits and attempt to be favored on the long term by the dominant trend. With that in mind, this is the exact reason that we have reversed since the beginning of the year to buying every dip.