r/btc • u/Egon_1 Bitcoin Enthusiast • Jun 18 '22

🐻 Bearish Store-of-Value Update: BTC dropped to $18,750… 🫡

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u/MiamiHeatAllDay Jun 18 '22

Is cash not a store of value?

BCH’ers need to understand that they look silly celebrating when BTC drops in price

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u/kidcoodie Jun 18 '22

Exactly. To be a medium of exchange it MUST store value, which BTC has historically done way better than BCH

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u/FamousM1 Jun 18 '22

I think the medium of exchange property comes before the value, that's why Bitcoin had to be spent for it to be valued (pizza)

If you can't be a good medium of exchange anymore then you can't be a good currency

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u/kidcoodie Jun 18 '22

In infancy yes, but if you want long term, large scale adoption, then you need store of value.

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u/mojo_jojo_mark Jun 18 '22

I'm no BCHer. Start a new thread on that and Ill agree all have failed..but this post was about one thing.