Crypto is safe heaven specially next 30 days

Abiky

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Quote from: reagansimms on November 11, 2024, 11:30:21 PM

If you call Bitcoin a safe haven, I agree with you, but if you use the word "crypto", not all crypto is a safe haven. By the way, why should it be for the next 30 days? In general, if it has become a safe haven, it is better to make the asset a long-term investment.
Literally, there are many benefits to be gained from investing in Bitcoin, you can also escape the clutches of inflation. An optimistic response will provide peace of mind in investing, just look at how many investors are starting to make Bitcoin their main investment, it proves that Bitcoin is not only for 30 days, but has no time limit.

I believe only two coins can be called a "safe haven". Those are Bitcoin and Litecoin. The rest are more akin to digital cash. BTC and LTC are both scarce, reliable, and truly-decentralized. The former often rises in value, while the latter is much more stable. However, that doesn't mean Litecoin doesn't experience gains when the market turns bullish.

In the analog world, Gold is like Bitcoin, while Silver is like Litecoin. I didn't mention Ethereum because the coin was built with inflation in mind. It's said the supply of ETH is unlimited. I'd say Ethereum is more akin to Oil. You can use it for real world applications (Web 3.0), but don't expect to get rich holding it long-term. It doesn't bring as much gains as Bitcoin does. Even now when the market is bullish, ETH is worth around $3.1k, while BTC reached $90k. ETH should've been worth at least $5k by now. But that's another story.

By the way, you can hold BTC way beyond 30 days. Only if you have the "guts" to do it. I'm hoping BTC overcomes Gold and becomes the best store of value in the world. Maybe someday, right? Cheesy

GeorgeJohn

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For me it is advisable for way to diversify our investment plans so that when there is problem in the country it will not affect us mostly because sometimes what makes some people to be financial hand cap is as a result of a crisis in a country that cause a lot of harms and the destructions in that country, so if such thing happens in a country, many people who invest more money who invest in their Banks who invest in landed property many of them will you suffer for poverty because those properties will be destroyed but when you invest in cryptocurrency most still a Bitcoin your investment to be secured even though you travel to another country your investment will it be available for you to start up a life because you have not misplaced your seed phrase, so investing in bitcoin will help you.

reagansimms

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If you call Bitcoin a safe haven, I agree with you, but if you use the word "crypto", not all crypto is a safe haven. By the way, why should it be for the next 30 days? In general, if it has become a safe haven, it is better to make the asset a long-term investment.
Literally, there are many benefits to be gained from investing in Bitcoin, you can also escape the clutches of inflation. An optimistic response will provide peace of mind in investing, just look at how many investors are starting to make Bitcoin their main investment, it proves that Bitcoin is not only for 30 days, but has no time limit.

DaNNy001

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Bitcoin is now 87k and this is an all Time, it's increasing on a daily basis and a lot of people getting excited about this... I actually think it might get to a 100k this isn't really a prediction but I think that's what might happen...A big dip would definitely hit at any time, this is why you must give yourself a target and once it gets to that point you can either withdraw or just take profit...the crypto space is indeed filled with a lot of opportunities if only you can be patient with it... patience is required if you want to make money from the crypto space.

Wakate

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Quote from: Waldorf77 on October 30, 2024, 04:29:41 AM

Yes a lot wealth on the world is rotten.
Banks could go bust properties assets could be destroyed and much more + russian west economic sanctions and taking assets + money of each others.

You hold your wealth in crypto you manage to save your wealth If not then your years of hard work could go just waste so people who don't have crypto will be in serious trouble get cryptocurrency and debit card to spend your crypto instantly.
People learn hard way that crypto is safe heaven.

Apart from investing in crypto, there are other financial markets you can invest your funds which can earn you good profits too. The crypto market has been known to be a remarkable market where we can earn hugely depending on how much we are investing and the kind of projects we are investing our funds. Since Trump has been elected as the next American president, the crypto market has been going bullish which has been influencing the price of altcoins making them to drastically increase value. This is the beginning of the bull market and its going to make a lots of cryptocurrency investors millionaires and billionaires with time.

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Quote from: knowngunman on November 04, 2024, 02:23:47 AM

Quote from: Zlantann on October 31, 2024, 05:13:16 AM

Quote from: Waldorf77 on October 16, 2024, 04:13:55 AM

The key date is 17.11.2024.
This what the crystal ball show's
This what happens soon.
1. Btc price Will be 117k ATH By 17.11.2024
2.blackrock crashing and insolvent date 17.11.24 (blackrock insolvent by the time btc ATH ) blackrock and btc case will be not solved until year 2027 again so until 2027 btc will be very bearish.
By the 17.11.2024 bull run will be over and markets crashing oil gold and btc crash.

All the wars will be stoped middle east and ukraine war will be over exacly by 17.11.2024

Why would you be saying now that crypto assets are a safe haven for thirty days when you have already predicted that Bitcoin price will crash in seventeen days? Do you have a further explanation about your former prediction? I would like to hear more because I am interested in Bitcoin hitting $117k and ending in the Middle East and Ukraine on November 17th.

What a good catch Grin

People that talk like a seer or a prophet aren't supposed to be taken serious here. He probably forgot he ever made such post in the past. You normally end up contradicting yourself when you are not working with facts and undeniable evidence but rely on a mere speculation and presumption.

On this note, you are not the only one on this. I will also mark my calendar now to keep track and monitor this. He has just prophecised what will happen in the next coming thirty days again. Perhaps, I will have to follow up and on notification for both threads and call his attention later.

Predictions and speculations could be created by anyone as long as you have a viewpoint of what's happening. However, no matter how we look at these statements, nothing would really guarantee things unless it happen already. Looking back with speculations early this year regarding bullrun; some believed it to happen right after the event and some became firm with their belief that uptrend will take place months after halving. One will be correct and other's would be in the wrong. But what will matter the most is your plans for your holdings; perhaps you immediately sell your holdings because of other's speculation. If you are positive of how will the market be doing the just continue to hold or add up to the existing amount because that's the right thing to do than to regret it afterwards.

Quote from: DeathAngel on November 09, 2024, 09:49:40 AM

Bitcoin is a safe haven, possibly another handful of cryptocurrencies are a safe bet, like Ethereum for example. You can’t say as a whole that all of crypto is safe though because there are so many scams, rug pulls & failed projects. Stay sate out there, it’s a mine field.

Based on how the market is going right now, then yes it is safe to say so but given how risky things could be, it would be much better to not be too confident making it a safe haven; always check on the market price and overall market trend, and also keep your wallet secured from malwares and viruses or other unwanted things that may put your holdings at risk.

mindrust

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Crypto will be safe heaven for a long time, it is not the next 30 days only. People see that banks are pulling shady stuff all over the globe. Nobody trusts them anymore. Just like how people stopped watching legacy media outlets like CNN and MSNBC and started watching independent content creators like Joe Rogan; people also stopped using banks nowadays and more interested in using crypto instead.

The last US election clearly showed us where the world is heading. It is clearly towards independent media & crypto. That's how Trump won the election because he did read the future much better than his opponent.

DeathAngel

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Bitcoin is a safe haven, possibly another handful of cryptocurrencies are a safe bet, like Ethereum for example. You can’t say as a whole that all of crypto is safe though because there are so many scams, rug pulls & failed projects. Stay sate out there, it’s a mine field.

bias

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Quote from: fuguebtc on November 07, 2024, 11:08:16 AM

Like in the bear season of 2022 when inflation hits us

Inflation doesn't affect BTC, you know that right? People who hear rumors and sell when they are afraid can affect it, not inflation.

Quote from: fuguebtc on November 07, 2024, 11:08:16 AM

bitcoin price has dropped from $69k to $15k in just 1 year?

What? When does this happen? Oh, yes. Never! Don't post inaccuracies man. Roll Eyes

Quote from: fuguebtc on November 07, 2024, 11:08:16 AM

Bitcoin is still a highly volatile asset and that makes it more suitable for investment than a safe haven to store our money.

Bitcoin will always be highly volatile as an asset, this is the truth but not the only one. The other is that if you store your money in BTC, no one can ever take it away from you. No one could ever know how much you have. No one can control them or move them except you. So yes, I prefer to store my money in BTC than have it in a bank or stocks. Well, I will consider buying oil barrels as well but it's a bit more difficult... Grin

Abiky

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Quote from: fuguebtc on November 07, 2024, 11:08:16 AM

Bitcoin is considered the safest asset in the cryptocurrency market, but not the safest asset in the world. How can a highly volatile asset be the safest place for us to keep our money in the short term? Like in the bear season of 2022 when inflation hits us, how safe will you be when all your money is in bitcoin and bitcoin price has dropped from $69k to $15k in just 1 year? Even those who were unfortunate enough to buy bitcoin at $69k in November 2021 had to wait more than three years for bitcoin to recover and they could recoup their investment.

Bitcoin is still a highly volatile asset and that makes it more suitable for investment than a safe haven to store our money.

The safest asset in the world is Gold. But Bitcoin is quickly gaining traction, leading us to believe it will replace the "yellow metal" within the not-so-distant future. Remember, Bitcoin is a long-term thing. Short-term speaking, it will have its ups and downs because of market volatility. In a few years, BTC will have a much higher price. That is a guarantee. Especially with the way Bitcoin was designed (deflation in mind).

As a matter of fact, Bitcoin reached a new ATH in price. President Trump's win greatly contributed to this. If you bought BTC before, you would now have greater purchasing power. A good store of value that often complements Gold. I'd suggest you hold both (BTC + Gold) for complete peace of mind. Who knows? Maybe you'll get rich someday. Cheesy

fuguebtc

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Quote from: bias on November 06, 2024, 02:11:47 PM

I believe that whether for a short period or a long one, BTC will always be the safest place to "keep" your money.

Bitcoin is considered the safest asset in the cryptocurrency market, but not the safest asset in the world. How can a highly volatile asset be the safest place for us to keep our money in the short term? Like in the bear season of 2022 when inflation hits us, how safe will you be when all your money is in bitcoin and bitcoin price has dropped from $69k to $15k in just 1 year? Even those who were unfortunate enough to buy bitcoin at $69k in November 2021 had to wait more than three years for bitcoin to recover and they could recoup their investment.

Bitcoin is still a highly volatile asset and that makes it more suitable for investment than a safe haven to store our money.

Cookdata

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Quote from: Waldorf77 on October 30, 2024, 04:29:41 AM

Yes a lot wealth on the world is rotten.
Banks could go bust properties assets could be destroyed and much more + russian west economic sanctions and taking assets + money of each others.

You hold your wealth in crypto you manage to save your wealth If not then your years of hard work could go just waste so people who don't have crypto will be in serious trouble get cryptocurrency and debit card to spend your crypto instantly.
People learn hard way that crypto is safe heaven.

You are speaking like you have seen the future or skme kind of time travel who have seen everything and given us warning about what is coming. When you want to banter other financial system, be realistic and says things that will happen and not just hype things for nothing, this is why some traditional financial markets thinks when we say things, we don't meant but create hype just to favour our investment and once it's pump, we forget everything we said and they are right.

The traditional financial market can collapse because it's controlled by policy and sometimes policy has it limits but what I want to to know is that if banks fail, the government will be there support it and get back fully. It's not like they will let it slide, the government owns the banks and the reason why it can't fail is that they know how to print and once currency are printed, everything comes back to normal, crypto doesn't work like that which makes it unique.

Franctoshi

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Quote from: Waldorf77 on October 30, 2024, 04:29:41 AM

Yes a lot wealth on the world is rotten.
Banks could go bust properties assets could be destroyed and much more + russian west economic sanctions and taking assets + money of each others.

You hold your wealth in crypto you manage to save your wealth If not then your years of hard work could go just waste so people who don't have crypto will be in serious trouble get cryptocurrency and debit card to spend your crypto instantly.
People learn hard way that crypto is safe heaven.

From the other point you made from the first line of this thread, and yes holding Bitcoin and cryptocurrency is much more better than having cash in the bank. So with crypto, your in charge of your of funds unlike the traditional Bank way we save our imoney in, However, holding cryptos isn't totally risk free because for some people they store their cryptos in a centralized exchanges and you know, not your keys not your cryptos. Secondly, in crypto, you cannot recover your funds if you totally lost access to your seed phrases, so if you want to self custody there are still some risk involved for you to be aware, lastly the crypto industry is a volatile one and there id no guarantee of price stability in terms of maintaining the value of money you put, except for Bitcoin which has proven to be increasing over the time.

bias

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Quote from: EFS on November 01, 2024, 04:50:28 PM

I'm not so positive about the short term. There are too many variables affecting short term pricing. The outcome of the US elections on one side, the war positions of Israel and Ukraine on the other side, the global economic crisis on the other side. Bitcoin is always a safe asset for me, but I don't think the same for other coins. Altcoins show very serious movements in price fluctuations. For example, there are a few big meme coins I follow, they can drop 15% while Bitcoin drops only 3%.

I believe that whether for a short period or a long one, BTC will always be the safest place to "keep" your money. Indeed, we can't say the same about memes and tokens, but we can say it for strong Altcoins like LTC, XMR, ETH, etc. Bitcoin has always influenced the entire crypto ecosystem, and that will not change. The power that BTC has and its price will always determine all other cryptocurrencies because, quite simply, he is the King. No one will reach it.
As for the wars that we are living through and the economic hardship/ crisis that you very correctly mention, these are not short-term variables. Personally, I would like them not to last long, but to not happen at all. Unfortunately, they have started and are lasting for far too long already... Cry

ChiBitCTy

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I would absolutely not call "crypto" a safe haven. First of, crypto is a very vague terms, actually standing for and meaning "cryptography", now that said besides bitcoin, most coins are extremely volatile, and so is bitcoin, ,just not quite as much. The best "safe haven" store of money is still without question, gold. Gold has been seeing new all time highs itself, and has proven to be a safe have for thousands of years, not just a decade and some change.

Abiky

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Quote from: stadus on October 30, 2024, 06:00:20 AM

Yeah, it’s definitely a safe haven, but why just for the next 30 days? If it’s truly a safe haven, it makes sense to invest in it long-term to hedge against inflation. Bitcoin’s on a bull run right now, so it’s natural to feel bullish, but we have to keep the big picture in mind - Bitcoin also has its bear seasons. If we can’t handle those, then calling it a safe haven doesn’t quite hold up.

Crypto (especially Bitcoin) would be a safe haven if wasn't too tied with the traditional monetary system (Fiat). It's one of the few reasons why market prices are so volatile. Gold, on the other hand, is much more stable. For Bitcoin to reach stability, a lot of work must be done. Why just settle for 30 days, though? A safe haven can do well for months or even years.

If there are two types of cryptocurrencies that can be labeled a "safe haven" that would be Bitcoin (obviously) and Litecoin. The latter is often labeled as "Silver to Bitcoin's Gold". It's currently worth 1/1000th a price of a BTC (compared to Silver being worth 1/100th a price of 1 oz of Gold). Bear markets are a great way to grow your wealth in the long term. Right now, the market is turning bullish. If you had BTC and LTC holdings before, you would be in the "profit zone" right now. Just remember to never invest what you can't afford to lose, and there should be nothing to worry about. Wink

EarnOnVictor

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I was off with your title when I read that crypto was a safe haven, I was like, how? Well, it's so valid with the way you used it, anything that can help you outsmart any situation in your favour and protection is a safe haven, so crypto is a safe haven when it comes to preserving your asset from third-party control like the government or banks.

But we should still be wise on this, that's why you should have been more elaborate about this to educate those who do not know. It's not all cryptocurrencies that can do that for you, as a matter of fact, some are centralised, while many others lied about their decentralisation. You can't own USDT or BNB and think you are 100% safe from issues and authorities, so learn your crypto before trusting it as the safe haven.

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Quote from: pooya87 on November 02, 2024, 12:35:12 AM

Quote from: Waldorf77 on October 30, 2024, 04:29:41 AM

You hold your wealth in crypto you manage to save your wealth If not then your years of hard work could go just waste so people who don't have crypto will be in serious trouble get cryptocurrency and debit card to spend your crypto instantly.
People learn hard way that crypto is safe heaven.

Crypto is not safe haven and it will never be. Majority of cryptos aka the altcoins are completely useless and without any potential. Any money that enters these shitcoins is at an extremely high risk of dropping down to nothing.

Bitcoin has the potential to be but it still comes at a risk. Even though over the long run bitcoin always goes up, but it still has a volatile price. People who acquire bitcoin should take that into consideration, otherwise those who go crazy and suddenly "go all in" could end up losing a lot of money if we enter a long bear market (eg. like the 2018).

I suppose if anyone did want to go all-in it would be best to do so during a bear
market!

as to the "generalisation" of Crypto - NO Forget about the word 'Crypto' because that
covers all the $hitcoins bar 2 or 3, In terms of safe haven there is only 1 option - Bitcoin
it has proven thus far to be a very good long term performer.

The focus must be on medium to long term though.
Everyone knows everything else is either static or falling in value.

STT

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The market sees BTC as a risk asset, whether thats deserved or not you cannot talk about time frames of a month and hope this leads to a gain. Its a good idea to hold BTC along with many other assets which can help avoid losses commonly seen in plain cash.

I wouldnt rely on BTC exclusively and never just short term as you may feel far worse off if the price fell even if you had not lost any of the BTC, its price altering can upset people alot. The worst case is judging an asset by its price and then selling when the price action resolves negatively. It is possible that BTC falls for the rest of this year, I dont expect or predict that occuring but Bitcoin has high volatility and it is possible as a scenario.

Short term is a dangerous time frame from which to draw conclusions unfortunately.

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Quote from: Zlantann on October 31, 2024, 05:13:16 AM

Quote from: Waldorf77 on October 16, 2024, 04:13:55 AM

The key date is 17.11.2024.
This what the crystal ball show's
This what happens soon.
1. Btc price Will be 117k ATH By 17.11.2024
2.blackrock crashing and insolvent date 17.11.24 (blackrock insolvent by the time btc ATH ) blackrock and btc case will be not solved until year 2027 again so until 2027 btc will be very bearish.
By the 17.11.2024 bull run will be over and markets crashing oil gold and btc crash.

All the wars will be stoped middle east and ukraine war will be over exacly by 17.11.2024

Why would you be saying now that crypto assets are a safe haven for thirty days when you have already predicted that Bitcoin price will crash in seventeen days? Do you have a further explanation about your former prediction? I would like to hear more because I am interested in Bitcoin hitting $117k and ending in the Middle East and Ukraine on November 17th.

What a good catch Grin

People that talk like a seer or a prophet aren't supposed to be taken serious here. He probably forgot he ever made such post in the past. You normally end up contradicting yourself when you are not working with facts and undeniable evidence but rely on a mere speculation and presumption.

On this note, you are not the only one on this. I will also mark my calendar now to keep track and monitor this. He has just prophecised what will happen in the next coming thirty days again. Perhaps, I will have to follow up and on notification for both threads and call his attention later.

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