How does "store of value" comes into play for a particular cryptocurrency? by niel96

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· @niel96 ·
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How does "store of value" comes into play for a particular cryptocurrency?
<a href="https://musing.io/q/sapwood/how-does-store-of-value-comes-into-play-for-a-particular-cryptocurrency">View this answer on Musing.io</a><br /><p>When you study historical cryptocurrency prices it turned out to be a very good store of value because prices has gone up substantially. Crypto is actually one of the best investments you could make in the last decade. But it's also very volatile, so timing is key. But that's true for most financial assets because financial markets are never at an equilibrium, cryptocurrencies are always over or undervalued.&nbsp;</p>
<p>One of the problems is that they are hard to value. I hear people sometimes say that technical analysis doesn't work on cryptocurrency markets but i think it's the opposite, fa doesn't work that well. In a way that they are very hard to value. While most technical analysis still applies to them, you can use it on most charts.&nbsp;</p>
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<p><img src="https://upload.wikimedia.org/wikipedia/commons/thumb/6/68/Currency%2C_Money%2Cbefore_Euro.jpg/800px-Currency%2C_Money%2Cbefore_Euro.jpg" /></p>
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