Topic: Btc and gold can now be called "safe" (Read 434 times)

In all the hard times of trials, gold has always been a refuge for preserving value and saving people's money accumulation. Therefore, we see a natural significant increase in its price recently against the background of deteriorating economic indicators around the world.
Bitcoin and other decentralized cryptocurrencies are being tested for the first time as a financial instrument that can successfully withstand inflation of common currencies of states. It is still too early for us to draw definite conclusions on this issue, since this event coincided with other positive events for the growth of the cryptocurrency market. After a certain time, it will be possible to draw more specific conclusions on this matter.

Investors usually invest for profit. But it will depend on the market. Bitcoin is biologically created without grassroots and centralized groups. It uses work evidence to validate the transaction which helps in determining the appropriate cost Since the tradition of gold prices is traditionally mined and transportation costs to support the price. While both can be said to be safe investing in gold is more secure because Bitcoin has not yet been legalized in many countries and no one can say how long it will last but the gold market is stable everywhere.

Gold is almost had a value for long term, it's no doubt. But to get more profit from your investment, bitcoin will be the correct option. Even the price of bitcoin is more volatile completely compared to gold, it had good benefit of buying high value bitcoin at less price. When the market is dump. But you can't find this option in Gold. Now many country accepted bitcoin as online payment will added Advantage.

The gold and cryptocurrency (btc) market are doing okay during this pandemic, but they are not the only assets that are doing okay, in fact lots of assets and stocks has been going up even at this time of Coronavirus.

Have you checked for Tesla stock? The price is even far more higher than it has been years, despite that there is a pandemic, if you check with your stocks or Google, you will see that Tesla is still on green. It’s not just Tesla, there are lots of other markets that has been on green, and some of them I am investing in.

I do see people saying that the pandemic has weakened the US dollars as a reserve currency and that another country’s currency is going to replace it. When I see people say these things, it’s quite funny. Yes the Fed has printing lots of money and I know that’s why a lot of people saying that it has weakened, but they are forgetting that demand for the USD is more than any other currency and that demand for it is outplacing what is being done by the Feds.

A lot of people are running to USD because it’s more safe than majority of the other currencies you’re going to be holding right now. Bitcoin is also doing okay, and it’s been my number one asset to invest no matter when. It wasn’t a surprise to me that the price still went up after everything, because Bitcoin has survived a lot of storm and I knew it’s going to do the same this time around.

After the battle is over the battlefield is full of heroes who wanted to be in the first line but somehow ended in the rear

How about we scroll back a few pages in the speculation board during the middle of March drop to below 5$ and read a bit how much of a safe asset was bitcoin considered at that time. A safe asset is one that doesn't drop during a crisis, not one that recovers when the worst is almost over, BTC has done nothing special compared to traditional stocks, what is worse that although it was on an ascending trend before the pandemic it took a harder hit than other investments right in the middle. Also, let's not forget how people tend to cheer events and then forget about them, everyone was hyped on how coinbase came out with the news of people buying coins of the same value of stimulus checks, and although praising money printing as possible surge for the bull run now they are minimizing it, claiming BTC growth is not because of that.

As much as I dislike gold, it did perform better when it was needed, the max drop it took this year is of only 15%. On the long run yeah, BTC gains in terms of $ value will clearly be superior by far, I can't see gold doubling or tripling its value in a small time frame as can BTC but I also see it far less vulnerable to out of the blue dumps.


Well, analyst also though that Why Many Analysts See Gold Going As High As $10,000, the term analyst has become a joke, they could call themselves clairvoyants as their results are quite on par with those.

Gold is already proven as a safe investment ever since knowing its price has always followed an upward trend. But with bitcoin, i cannot totally conclude that it's already a safe investment because of its price volatility. We can make higher profits from bitcoin compared to gold but it also demands bigger risk.

That's the thing about Bitcoin which makes it different from other investments in particular with stock market. Investing and holding for a long time to both Bitcoin and gold will yield to different outcomes. As for this year, the market price is indeed increasing at a high rate but given that the price is unpredictable it won't be a "safe" investment which would generate assured profit. There is quite a consistent market price increase with regards to Gold's market value, making it quite risky. But indeed, no investment will give assurance.

Gold is without any doubt one of most safe investment but now many peoples feel bitcoin is also in some better position because now its spreading and many countries bringing good and soft policies for this just because of this now its price is also doing good even many have problems with bitcoin price volatile but still for me and many others its safe and good invest for long and short both ways.

I think still the gold is one of the safest havens because we all know that the market price is volatile from just the previous month we all know that the bitcoin rise into the month of January 2020 and falls back into the month of March 2020 this is quite speed right? Because it's volatile we all know that.

Still for me one of the best safe havens is the gold, it takes time on bitcoin to becomes one of the safes havens.

After that good run previously,  there's always effects inside the market each time news comes out even it's not a direct threat but traders always take things into considerations.


On this current run, BTC is moving forward and if your basis is the real time movements then I'll bite on your side.


Both sides received good appreciations while economic crisis hits the global market, investors are diverting their money to much safer side according to their understanding.

Actually, I'm expecting the same thing because it's pretty obvious that the pandemic really squeeze every country's assets and slowly decay the economies of all countries but why it seems our currency is not affected at all, it becomes stronger instead. The exchange rate of usd to peso this day is $1 = P48.90 compared to P51.85 last February (before the virus spread arise). Hmm .
Nah, I will be convinced if and only if btc remain soaring or at least stabilize after this pandemic. What I'm thinking is that the pandemic served as a huge opportunity to give the rest of investors ample time to trade which resulted in high volume and higher price (IMO only). For me, you're money will never be safe with crypto because its trend today looks nice but tomorrow might be a disaster. No one knows, so extreme caution while investing is still advised .

In some countries, policies that are friendly to cryptocurrency have started to emerge. Such as the Office of the Comptroller of the Currency (OCC) which allows US Federal banks to now offer crypto custodian services. Although government policies do not have a direct effect on prices. But the government-friendly policies on cryptocurrency create additional demand which ultimately affects the cryptocurrency price.
https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html

But keep in mind that if the pandemic conditions continue and the stagnant economy does not move, the opportunities will be thinner, savings will run out faster and the time will come for us to start selling our assets.

In the moment when I'm writing this reply gold is trading for lower prices after the recent announcement released in Russia by Putin regarding to the vaccine. However, the BTC is still stable and maybe attending to reach the higher prices. That's how BTC win the but run marathon. All the BTC and gold bull run is came up after the economic crisis and shows how the inflection rate increasing over the time.

With Gold, I can say that it is a low to mid risk and low to mid rewards.
Gold has been already an investment and sometimes a hedging too for investors for a long time already and yeah I can agree that it can be a safe haven right now since it has been there for many many years.

Now with regards to Bitcoin.
It has been here for around 11 years only. Bitcoin is very volatile although many are expecting that it will continue to rise in the next years. I might agree with them but at the same time not 100% agreeing because there is still a chance that Bitcoin might go down again. We saw it when pandemic has been declared.
Although Bitcoin will not reach 0 anymore as expected, I can't say that Bitcoin can be considered as a safe haven for now because of its volatility.

Whoever declares bitcoin is safe for investment might be born in the space just recently.
I'm not a hater of bitcoin, but compared to gold, I think bitcoin is still young and there's much to prove to be considered as a safe investment.

Bitcoin is a good investment, but I don't think it's safe, the FUD, hype, FOMO, and other factors that could make the price move volatile is still here, it will not be stable for a long time as it take time for it to happen, and as long as there's manipulation happening anytime, it can't be safe fellas.

Yes, but not all investors want to do that because they concern with their money that can reduce anytime. If they invest in bitcoin, they will already research before buying bitcoin, so they know that the bitcoin price will always fluctuate. That kind of investor is always studying and searching for much information before they decide because they don't want to see they waste their money on something they don't know.

Perhaps, if the investor buys gold, they want to see their money is saved without reducing the value. So they will choose gold than other investment because gold will be the best choice for them.

I agree on this.

Bitcoin may increase in time but there are those times that it falls and the price changes quickly most of the times. We can say that it is safe in a period of time or in a certain time but there are those times that can give people or investors losses making it risky.

Bitcoin is considered as a safe asset because there is no way for the government to shutdown bitcoin due to it's decentralization, that is why government in other countries have attempt to ban and restrict bitcoin and other cryptocurrencies. Also, bitcoin and blockchain technology have save our assets from collapsing during the pandemic, and now the bitcoin market shows the most stability and growth. Unlike banks and stocks, they have been struggling because of the corona crisis.

The OP probably meant that Bitcoin is among the few assets that can be considered safe from confiscation by the government authorities. Since Bitcoin doesn't exist in the physical form, it is very difficult for the authorities to seize the holdings from anyone. I would say it is even difficult to establish that a particular address belongs to a certain individual. You can't get the same advantage with assets such as gold or real estate.

Any investor worth their salt always knew that governments response to an economic crisis would be printing money. Youl'd have to be 12-16 years old to not witness the 2008 crisis and its effects personally.


You are conveniently forgetting how Bitcoin crashed by 50% during the initial global market panic caused by the pandemic. This is enough to disqualify Bitcoin as a safe heaven, even if it performs really well right now. If that event didn't occur, then Bitcoin could have had some claim to that status right now, so let's wait for the next test to see if Bitcoin will be uncorrelated to global markets during a major event or not.