Comment: ""not for a store of value"

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""not for a store of value"

""not for a store of value" Ok, what if you had a dozen of them and saw a news report that said the dollar had just crashed. Would you run to trade them in for dollars or for gold, run to spend them or laugh at Bernanke on TV?"

You don't buy fire insurance after the house burns down. What you don't seem to understand is there is no Bitcoin, there is vodka, toilet paper, precious metals, anything that actually exists and you can trade is a store of value. When the ship hits the iceburg who knows what will be left running, are you going tell people that you have some bitcoins that you want to trade for food but they have to wait till the internet comes back online?

I'm with PS on this, be careful and don't put all your eggs in one basket.