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:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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