That was at least how it was envisioned. To be usable as any form of currency, an asset needs to stay within a certain range that's sensible enough to work with. If you buy or sell a Bitcoin today you can almost guarantee that you will regret it the next day, week, month or in some cases almost instantly.
So does it make sense as a store of value? Yes in a certain way at least for those who buy it and never sell it, managed to squirrel it away for the most part of the past decade. But what use is it if the profits are never realized? And who is to say it would be worth anything by the time you actually want to sell it? Looking back you notice that there these price ranges that are being traded for months on (almost seemingly forever) and then these price ranges through which it seemingly flies through. What if an asset doesn't just only go up? But also plans to visit it's humble origins?
After all the only value bitcoin intrinsically possess is as much as the other person is willing to pay for it. The world as much as it seems to be focused on this for now will eventually move on. But what the heck do I know?!
So does it make sense as a store of value? Yes in a certain way at least for those who buy it and never sell it, managed to squirrel it away for the most part of the past decade. But what use is it if the profits are never realized? And who is to say it would be worth anything by the time you actually want to sell it? Looking back you notice that there these price ranges that are being traded for months on (almost seemingly forever) and then these price ranges through which it seemingly flies through. What if an asset doesn't just only go up? But also plans to visit it's humble origins?
After all the only value bitcoin intrinsically possess is as much as the other person is willing to pay for it. The world as much as it seems to be focused on this for now will eventually move on. But what the heck do I know?!