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Topic: Bitcoin ‘Failed Safe Haven Test ' agreed on by a BTC Bear & BTC Bull - page 2. (Read 285 times)

legendary
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Livecasino, 20% cashback, no fuss payouts.

All of the mindless hodlers should pay attention,
both sides of the isle , pro & con bitcoin say bitcoin is not a safe haven.  Tongue

Kind of the exact opposite of the majority of the posts in these forums.

So as reality is smacking all bitcoin holders with a price drop,
be aware there is no real floor to it's price.

Good Luck in your Trading.

Mindless holders think Bitcoin is a safe haven? I don't think any sound investor believes anything is safe. Definitely not Bitcoin with all its young age and immature market. I'm a big fan of Bitcoin and I trust in it but I would never put everything into it. Or into anything. Diversify. Bonds are great now? I don't think so either. Gold? I'd never go all in.
mk4
legendary
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Using bitcoin today as a safe haven being a good or bad idea is definitely debatable. Bitcoin still has very low liquidity(compared to other multi-decade to century year old assets and commodities) to be a very good safe haven. Personally, I'd say that bitcoin is not a good safe haven if you have easy access to other "stabler" assets like gold. But does it mean that bitcoin will be a not-so-good safe haven forever? I don't think so. Assuming bitcoin's liquidity increases as time goes, it will slowly get less volatile and more "stable" in terms of price.
member
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