Topic: Can BTC really be a safe haven? (Read 867 times)

I think bitcoin is a safe haven, because other safe events seem to exhibit negative and risky correlations such as stocks, oil or high yields, but bitcoin doesn't show any related articles other than cryptocurrency. Bitcoin can break even higher prices and always corresponds to good moments.

I guess Bitcoin can be a safe haven when we saw less wales holding a huge amount of Bitcoin because they will make huge sharp price  movements and mostly they are manipulating the price and filling their own pocket by the money from little and newbie investors and traders. The word safe haven means the price is increasing by the time yearly and in the long term. In this case Bitcoin was always a very good invest-box for long-term investors. Generally, if you buy smartly using a proper strategy like stairs and invest for long term, Bitcoin is always a safe haven for you.

Safe haven is like a paradise where you will not have any losses in your assets and there's no such things as that. When we talked about investment, there is should always a risk that we need to deal with. Investments are not a 100% profit, it depends on how you will deal with the market, but if you will treat bitcoin as a safe haven, then you should hold it for a long period of time. In order to do that, you need a lot of patience in order to achieve profits. Bitcoin can secure your future once you believe on its ability as a store of value, but sometimes you need to make it grow by making transactions.

That $9000 can still increase sooner or later depending on those factors that can affect its price.

This month, I'm glad that its price is stable about $9000+.

We are experiencing it right now, that global economic crisis that you are saying is happening now because of this pandemic. Most of the countries are struggling so hard to maintain and recover their economy due to all those expenses such as those PPE's and other necessities in a medical sector.


As basic necessities are really required during quarantine, most of us are looking for a source of profit as businesses aren't allowed to operate due to the risk of this Covid-19 into our health. So maybe some people are finding cryptocurrencies as a source of profit or source of value depending on how they will use it in their own benefit. Bitcoin is really a safe haven like Gold, but it can be a short-term investment when you are good buying and selling. But as a source of value, I guarantee you that you should invest in Bitcoin.

I think that soon we should be convinced of this when we enter the period of a tough global economic crisis. In the context of a sharp increase in inflation of the common currencies of states, a decentralized cryptocurrency can become a good refuge for preserving monetary savings of citizens. We have been talking about this for a long time and for the first time we will be able to see it in practice.

You are right, the price of Bitcoin is not stable, now it can be worth $9000, after a while it can be $10,000. The volatility in crypto is high, the risk is high; The higher the profit, the higher the probability of loss. On the other hand, the price of gold is stable, it has regulators, and the return on investment is low.

To many debate regarding on this talks and some answer are good but actually I like your given opinion since this is much near to reality maybe the other think about bitcoin is safe due to some pumping times happening but they forget on how many times the price dump and situation will be change for that if you store your funds on bitcoin only since as you said you will might not get the same value when you start storing it and chances for you to lose when sudden fall occur.

And for the others who says its safe haven do you think guys its safe to store if you know the risk that might you will lose money? Well for me its a no since I define safe as stable one.

I am among those who argue that bitcoin can be a safe haven with certain conditions. So that bitcoin becomes our safe haven
must keep it long-term, minimum hold bitcoin for 5 years. If we save bitcoin for short-term it certainly can't be safe haven,
because the price is volatile. So it must follow the provisions in order to become a safe haven, by long-term hold bitcoin.

Indeed, most of the people consider bitcoin as an investment and to provide my own definition of what a safe haven is, it is a storage of asset that you can use especially in times of needs and when storing huge amount of funds to keep it in a long time without decreasing its value. Bitcoin is too volatile and how come it can sustain your asset? I am not against bitcoin but I think bitcoin will be more fit in terms of daily use and transactions because with its volatility, your funds might not be the same value when you need it.

I don think this important at all because today we can pay overall and for everything, without even touching real paper money or coins. TBH I don't remember when I have paid with cash last time?

I have multiple banking apps on my phone, in my watch, and even in my fitness thing. One can pay using cards and all is contactless at least here where I live.

This didn't happen yesterday and I use it already a couple of years. I am sure that this will go even further and finally, there will be no need for real money at all, I assume.

I don't remember when I had to take cash from ATM the last time. I know that a couple of years ago, I was constantly by the ATM withdrawing funds, but from some time I don't do this anymore.

That is why I think that your speculations about viruses are totally insignificant and have no impact at all on BTC and that it is or could be a save heaven in the future.

I think and I consider bitcoin as the safe haven because I already started on the topic I recently created on that which is the bitcoin uses to save their money because it is more efficient and safe than the use of the savings. Some of the people don't want to use the physical money or the paper money because they know it is dirt and came from the different people that already have a virus and as a person do you make any sanitation in that? Of course, no so why not use the digital currency and there is no aspect of having a physical interaction on the money and the came from the receiver and sender of the money. Many people today are already adopting the use of digital currency most of the stores today are using this to make easier and transparent transactions also it is more secured than the use of the traditional way or banks.  Also using the bitcoin is good too because the market is volatile there is a chance that you will get a huge market income when you bought when the market price reaches the dip of the coin. But still, the market volatility can become your friend and sometimes an enemy so take care of it.

No investment is ever and will ever be called a safe haven. Regardless of the asset, there is always someone or some company speculating that they will make a profit out of your investment. Real estate is likely one of the biggest assets that everyone at one point in their life is going to be in contact with. And here as well many millions can be made or lost. The advantage with crypto is that there are no middlemen that are attempting to make a profit from you as well as here it is us that are trading directly. But of course at great risk as with everything else.

I would rather retain my holdings than going along with this scammers because this is inhumane and not a basic way in joining these scammers moving their BTC.

why need to listen to those telling you this and that? remember you have been here in crypto for how many years now and you experienced the advantage of being bitcoin user or holder.


this market or Bitcoin is safe haven if you know how to manage your crypto,if you know what Holding means and how selling the coins when there is a pump.

Either because of the scammers moving their scammed BTC or the pandemic, I would go with the scammers.

Bitcoin is volatile, that is the usual answer people tell me why Bitcoin would never be a safe-haven. But the thing is that people are actually getting a profit out of it, despite the fall it will go back to its normal price suddenly. In the long run, it gave a lot of profits from its users and investors and I think that is the reason why we should consider Bitcoin as one.

I tend to agree with you in the long run if the price goes up, but this is not sure and we see many 10, 20% or even higher flash crashes during the last few weeks only and there are multiple examples in the BTC history with the price volatility ranging even to 50% in one day. Of course, it has bounced back up slower or faster, but it is hard to call such an asset a save haven.

I keep repeating my theory from the opening post that this huge volatility is caused by high leveraged trades and their liquidations. Such big flash crashes start from a big sell-off and are continued by the liquidation logarithms, with big enough initial dump speculators on the crypto market can cause such insane flash crashes, like this one from 13 March, which could plunge BTC price almost to 0$ if Bitfinex would not take the switch off.

For many Bitcoin is a save heaven, although it's a risky investment and asset.
World is heading towards economy crisis, maybe the bigest and the hardest in.history and many will consider Bitcoin tp be alternative in such hard times. However, will that really be so it's yet to see. We mustn't forget about volatility and unpredictable Bitcoin market, so.time will tell.

Very accurate observation and we can experience this high volatility and price swings in the last days even more. This is true that many traders try to make money from this and there is even a name which is swing trading and BTC is just great for this. Exactly as described, I try to catch this volatile BTC price swings by myself, with high leverage because patterns like the Bart Simpson one are so common right now that it is hard to not use this knowledge to your advantage. Only in the last 3 days, I have seen a couple of 5% swings, so it is even more profitable to trade them, as to just be long or short.

Still, in my opinion, the forex markets are just much larger than BTC and that is why the volatility is lower. Additionally, these are currencies that are monitored and backed by governments and they do all that possible to make it stable and strong influencing the market in any possible way. This is the beauty of BTC that it is driven by different forces.

I cannot say that bitcoin may be a shelter because recently we saw a serious panic where the worth drops such a lot and it's not a characteristics of a secure heaven. the foremost popular shelter is Gold but its value is additionally drop when the pandemic start, the worth of bitcoin is just too volatile and on behalf of me it's not consider as a secure haven investments.

You need to know that bitcoin is not for a long term investment, you should manipulate it depending on the market situation. We all know that bitcoin is volatile and the market so every time that you will make a move, you should consider a lot of factor that can affect its price.

Bitcoin is only for a short term investment because the action and strategy that you will perform should be based on the market movement in order to prevent losses. For the bitcoin to become a safe haven, people around the world should adopt bitcoin as a digital currency and the volume of people that uses it should increase so that bitcoin can no longer have its lower price.

You can grow in using bitcoin but I guarantee you not to treat it as a long term investment.

I wanted to add an observation to that issue. In my opinion, the vulnerability of the BTC market to drop significantly even if there are only a couple of medium-sized sell orders together, is not only caused by a lack of market size but also by the expectations of the market participants.

On the EUR/USD forex market nobody (or at least almost nobody) would place a buy order for 1 USD on EUR 0.50 for example. Most orders will be very close to the current price, because people know that the price is extremely unlikely to drop more than ~5% in a single day. In Bitcoin, we have lots of orders well down and above the spot price. People are expecting Bitcoin to rally and drop more heavily, so they set their orders accordingly, to benefit from these moves.

I think this is a kind of vicious cycle: Bitcoin is volatile. So it attracts people who want to benefit from the price swings (positive and negative ones). And this leads to thin order books that do not "back" the Bitcoin price very much but make it vulnerable to drops - and to FOMO on the other side. Your observation that many people trade with too high leverage ratios is also connected to that - it's simply too easy to make profit with it, so people try to bet on big price swings, even if the risks are large, too.