Bitcoin still a Safe Haven, haters aren't saying the truth.

Khaos77

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Quote from: Becky666 on March 14, 2020, 04:03:27 AM

Bitcoin fell some days ago and many were of the opinion that, there's no need to hold the said cryptocurrency because it was not able to stand against the coronavirus epidemy. During the crash, the percentage of the fall was more on Bitcoin than the fiats(stocks), but reasons be that, The US Fed injected into the crashed market $168bn which in percentage is more than the current investment on Bitcoin. Possibly, this was the major reason while the fall was more on Bitcoin.

“It may sound crazy, but I think it takes $700bn to over a $1tn to stabilize the markets. The last few weeks are a prime example of why digital assets, namely Bitcoin, have a place in the global markets.” Bill Herrmann.

No doubt that Bitcoin is a Safe Haven and not what others speculated about it being weakest during the crash.

Do you still insist that Bitcoin isn't a Safe Haven?

Was Bitcoin a Safe Haven
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$20K Nope
$19K Nope
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$17K Nope
$16K Nope
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$13K Nope
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$11K Nope
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$9K Nope
$8K Nope

If you think Bitcoin is a safe haven then you are a fucking moron.

coursesbro

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I agree i also like that you tell safe haven. I would invest 70% my money on BTC rather then using it on banks.
i

BuNga_cute

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I don't care what haters say about bitcoin. I still believe that bitcoin is still a safe haven in this situation. Moreover, the spread of
the corona virus is increasingly widespread, and the spread of the virus can occur through fiat currency. I am increasingly convinced that
bitcoin can be safe haven, because all bitcoin transactions are done digitally. So it's safer to use bitcoin now on payments. Bitcoin can
also be safe haven for people who are laid off from work in the real world, because to prevent the spread of the corona virus everyone
must stay at home. And with bitcoin we can make money from home.

Onuohakk

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For us that has bitcoin during this pandemic, bitcoin is really a safe haven for us. When we think, we gat no money at hand, we convert our bitcoin to fiat to sustain us. Those that has no idea about bitcoin, won't be able to understand how safe haven it is having bitcoin presently during this lock down.

FlightyPouch

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Quote from: Becky666 on March 14, 2020, 04:03:27 AM

Do you still insist that Bitcoin isn't a Safe Haven?

Well, it isn't since we all know what a safe haven investment is though I know for a fact that even if it is not a safe haven, it did give a lot of investors, a lot of people a profit in the long period of time. If bitcoin continuously increase and did not fell last week, the same as last year and the all the time it was in existence, I can assure it would be safe haven. With the volatility of it, it is not a safe haven.

alexsandria

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Quote from: Meowth05 on March 24, 2020, 09:04:37 PM

I think that almost all investments are safe haven, like when you invest in stocks you can hold your stock to make sure that you get the dividends. In currency investment however, we shouldwait for a time to sell what we are holding and buy back when the price goes low.

Yeah, maybe all of the investments are really a safe haven especially if the thing that you are gonna invest is legit and after a time there is an assurance that you will be able to get or earn your profit of eaiting because of the investments that you have been done. Just like for what you have been said that the investing on stocks is good, yes definitely it is really good because we all know that stocks is more likely here in the cryptocurrency.

LogitechMouse

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Quote from: Becky666 on March 14, 2020, 04:03:27 AM

Bitcoin fell some days ago and many were of the opinion that, there's no need to hold the said cryptocurrency because it was not able to stand against the coronavirus epidemy.

Well, Bitcoin's price is based on the sentiments of the investors and its fundamentals so if the investors felt panic because of a pandemic like COVID-19 they will immediately sell their holdings causing the price to go down. There are no asset right now that survived the down. Even the Gold who remained on the rise at the middle of the pandemic went down too days after.

Quote from: Becky666 on March 14, 2020, 04:03:27 AM

“It may sound crazy, but I think it takes $700bn to over a $1tn to stabilize the markets. The last few weeks are a prime example of why digital assets, namely Bitcoin, have a place in the global markets.” Bill Herrmann.

We don't know TBH but it can and it cannot. Bitcoin and the crypto market already have a place in the global markets already because it already has a huge market cap but not as huge as the other stock markets out there who has at around a billion to even trillion dollars Cheesy

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Quote from: Becky666 on March 14, 2020, 04:03:27 AM

No doubt that Bitcoin is a Safe Haven and not what others speculated about it being weakest during the crash.

They've said that it is the weakest one during the crash but they forgot its main feature which is the volatility. They know already that Bitcoin and crypto market is volatile so it is normal already that it will go down more than the stock market which is less volatile.

Quote from: Becky666 on March 14, 2020, 04:03:27 AM

Do you still insist that Bitcoin isn't a Safe Haven?

I'm not insisting but at the same time, I'm not agreeing that Bitcoin is a safe haven.

HardFacts

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Quote from: Meowth05 on March 24, 2020, 09:04:37 PM

I think that almost all investments are safe haven, like when you invest in stocks you can hold your stock to make sure that you get the dividends. In currency investment however, we shouldwait for a time to sell what we are holding and buy back when the price goes low.

What a DUMB and IGNORANT statement. Stocks are going down the fastest in history. Those that own typical stocks will lose MOST of their wealth in this downturn.

Why would anyone give such bad advice Huh

Hard Facts

Meowth05

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I think that almost all investments are safe haven, like when you invest in stocks you can hold your stock to make sure that you get the dividends. In currency investment however, we shouldwait for a time to sell what we are holding and buy back when the price goes low.

FanatMonet

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In my opinion, the safest shelter is gold under the pillow. Namely, so that it is in your possession, and not in the bank, or in storage with third parties.
Cryptocurrencies suffered too much from the fall, I did not even think that this could happen.

samcrypto

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Quote from: FatFork on March 14, 2020, 04:32:18 PM

Quote from: HardFacts on March 14, 2020, 03:57:00 PM

...
ASSUMING that this is going to have a great outcome is a special kind of stupid 🙉🙉🙉

Hard Facts

It will always be a great outcome for someone. Unfortunately, not everyone can be a winner. There has to be losers. This is a zero sum game, remember? For every seller there must be a buyer on the other side. So, one of the two will profit in the end.

That should be right because some investors are panicking and they can be a loser if they sold at a loss price. Bitcoin still a good investment only if you believe on it but if not then probably bitcoin is not a safe haven at all. Having a positive mindset and a positive goal with bitcoin is a must, and if you see a cheaper price then its another opportunity for you to buy.

Yamifoud

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Quote from: ?? on ??

Well, haters are right. This is not the best time to invest in Bitcoin, since it's rise or call can not be predicted at this pandemic outbreak periods

Why not invest Bitcoin if you have money that you can afford to risk and either to lose. The risk is really high since from the start and we can't deny the fact that many people had suffered losses than those who gain. But this will not even bother the others because those people who lose their money are those people who don't know anything about crypto, they are quitters and panic sellers. Quite possible that they usually end up losing because they doesn't actually what they doing and they just think that investing crypto is giving them profit assurance which is not in a real scenario.

dothebeats

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Blind optimism is dangerous, and I don't think it will lead anyone to any good at this point in time. Even though bitcoin prices are tanking every day, I still see the previous prices of $4000 - $5000 as the best entry price for bitcoin, and this is only for those who are brave enough to hold their bags for quite some time. You can still play the "invest and forget" game with bitcoin if you think that it is worth it in the end, or if your wallet allows you to invest and bear the truth of seeing red streaks on graph day by day.

FanatMonet

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In this whole situation, once again, metals came out with the least losses, gold lost about 8%. Bitcoin has lost about 40%, and this is a lot, especially against gold.
Still, cryptocurrencies do not yet have the weight that conservative assets possess.

Anonylz

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People just like to see btc as a safe haven, not that this was indicated in the wp.... or maybe I miss that part, but to me, i always thought it too risky to rely on something so volatile as safe heaven, when the market is good, it is possible to earn a lot from btc but not hold your savings on it, because of this type of unforeseen situation that we are currently facing,
Btc is good investment to increase your money and cash out whenever you can, using it as safe heaven is out of the equation for me, at least not now, maybe when there is more stability.

HardFacts

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Quote from: Kelvinid on March 14, 2020, 04:59:33 PM

People shouldn't have to keep thinking that Bitcoin is gonna safe at all, that is why it is at high risk because any time of the day you can possibly be loose. We have to accept it, not all the time we think that bitcoin is safe. Just like what happens now, should we have to think like that? Of course, a feeling of a human being should have to prevail and that worries may exist knowing that we can be lost if this trend gets worse.

We don't need to hide anything, it is much better to tell someone what would possibly you will get in investing crypto rather overly thinking that it will generate money all the time.

FOR THOSE NOT AWARE: BitCoin had a HUGE advertising campaign trying to sell BitCoin as " Digital Gold ", a safe haven and better than gold. That LIE is now totally exposed and debunked. Of course, there are a bunch of people here that have " faith ", and " beleive ", that are willfully blind that reject reality until it punches them in the face.

Hard Facts

Quote from: Kemarit on March 14, 2020, 05:40:18 PM

It could be considered as a safe haven for those who has a ton of wealth. Bitcoin could be good to hedge their wealth in this time of crisis. But for average joe, during this pandemic, perhaps they are selling to have cash to buy and stack up food and water, that's it.

Bitcoin is still in it's infancy, it's never been tested in this kind of situation, but we will have to see, so far with the recent dump, it doesn't look very good. However, people are going to realized it sooner or later, that Bitcoin can be a good leverage, IMHO.

NO, NO, NO

Even if you are very wealthy, losing MORE THAN HALF of your wealth in BitCoin in a few weeks is NOT, NOT, NOT a safe haven. That is a disaster, and means you have made very poor investment choices.

Hard Facts

Kemarit

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It could be considered as a safe haven for those who has a ton of wealth. Bitcoin could be good to hedge their wealth in this time of crisis. But for average joe, during this pandemic, perhaps they are selling to have cash to buy and stack up food and water, that's it.

Bitcoin is still in it's infancy, it's never been tested in this kind of situation, but we will have to see, so far with the recent dump, it doesn't look very good. However, people are going to realized it sooner or later, that Bitcoin can be a good leverage, IMHO.

Kelvinid

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People shouldn't have to keep thinking that Bitcoin is gonna safe at all, that is why it is at high risk because any time of the day you can possibly be loose. We have to accept it, not all the time we think that bitcoin is safe. Just like what happens now, should we have to think like that? Of course, a feeling of a human being should have to prevail and that worries may exist knowing that we can be lost if this trend gets worse.

We don't need to hide anything, it is much better to tell someone what would possibly you will get in investing crypto rather overly thinking that it will generate money all the time.

FatFork

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Quote from: HardFacts on March 14, 2020, 03:57:00 PM

...
ASSUMING that this is going to have a great outcome is a special kind of stupid 🙉🙉🙉

Hard Facts

It will always be a great outcome for someone. Unfortunately, not everyone can be a winner. There has to be losers. This is a zero sum game, remember? For every seller there must be a buyer on the other side. So, one of the two will profit in the end.

HardFacts

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Quote from: South Park on March 14, 2020, 03:13:15 PM

I am not surprised people still have doubts about the safe haven status of bitcoin, gold has been a safe haven for thousands of years and the dollar has been a safe haven for decades, bitcoin is still too young and the decrease in the price we saw was without a doubt used against bitcoin to challenge that notion, but most likely as the market cap of bitcoin becomes bigger and the governments find no other way to get out of the crisis than to print money the safe haven status of bitcoin will become clearer for everyone to see.

There are a LOT of possibilities:

1. People will see the obvious decline, and SELL bitcoin as their stocks go down, as they get layed of from work, and need the money more than ever.

2. People see the obvious selloff in BitCoin, and the fear feeds on itself, the bubble pops, and the price of BitCoin crashes more than you could ever imagine.

3. Bitcoin never was a safe haven, only a bubble, and crashes along with stocks, fiat, and every other speculative asset.

ASSUMING that this is going to have a great outcome is a special kind of stupid 🙉🙉🙉

Hard Facts

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