Topic: Crypto is safe heaven specially next 30 days - page 3. (Read 675 times)

With due respect to the OP, I don't take his predictions seriously because they don't have any bases. You did well to quote his other thread where he made a prediction, now he has contradicted his claims by making another baseless claim. I think that it's very misleading to put a date to something that you're not sure of it happening and no reasonable pointers that the event will happen within that timeframe.

Cryptocurrency or specifically Bitcoin is not the sole solution to world peace or somebody must hold Bitcoin to stay out of poverty and bankruptcy or whatever he meant to say. Bitcoin is an alternative currency to the existing fiat currencies and also a store of value for those who holds it as an asset. Wealth doesn't center around holding Bitcoin or any other cryptocurrencies, so it doesn't mean that people who don't have Bitcoin will become poor and miserable.

I wouldn't blame anyone that says bitcoin is a safe haven asset or a hedge to inflation because they understand the exponential value it has, and if you check from the history of bitcoin price till date, it has always been in the uptrend. Also, those who were able to invest in bitcoin during the early days are in huge profits and those who didn't invest when bitcoin was $100, cannot use that same $100 to buy what they could buy for $100 way back, because of inflation. As long as bitcoin haven't proven itself wrong that it cannot be used as a hedge of inflation ever since creation, I believe that bitcoin is a hedge of inflation and will continue to be in future.

It seems you are not seeing everything going around bitcoin currently, how it has been used as the central of campaign for election in US, and several Bitcoin ETFs showing that bitcoin will not crash but will continue increasing in value overtime, because bitcoin is still young and will continue to get matured. I see bitcoin as a safe haven in future, because this was how many people didn't believe in bitcoin earlier and they are regretting currently that they didn't invest early. Bitcoin has the power to multiply your wealth in future if you can invest for long and hodl. Gold started just as bitcoin started despite that it has been around for a very long time.

Your advice does sound good in terms of storing assets, but everything must be adjusted to our individual needs so that everyone does not have to put all their money into crypto when basically everyone also needs a place to live and a personal vehicle to run their own business. Because if we think about destruction, this earth can also be destroyed and the internet that already exists in this world can also be destroyed when a major disaster comes suddenly. So we all have to have an adjustment in thinking so that we can put something correctly in any case, I also like to store assets in crypto, but that doesn't mean I have to empty my pockets of the paper money I need every day to buy food and drinks.

Any asset that is highly volatile and high risk is not a safe haven. The volatility of altcoins is undeniable, so no altcoin can become a safe haven. As for bitcoin, although its volatility has decreased significantly compared to many years ago, it is still being dumped by Fud, inflation, war...so it can be said that it is not a safe haven at the moment.

We often advise each other to “only invest in bitcoin with money we can afford to lose”, we clearly see it as a risky investment rather than an asset we can put all our faith in. How can we call it a safe haven when we are skeptical about it? People seem to be confusing investments with safe haven assets.

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).

In the fiat standard, the way for you to make sure your hard work, energy, time, and so on won't just go to waste is to spend your money immediately. Immediate gratification is the key. You need to enjoy it because tomorrow it rots, it loses value. You are conditioned to have a high time preference.

With Bitcoin, however, you an actually put off spending. You have the time to accumulate without the danger that what you have so far will become worthless in the near future. On the contrary, its value appreciates over time. Bitcoin has a fixed supply. It is predictable. It is beyond anybody's control and power. It is the kind of safe haven everybody needs in the time of fiat dominance. 

The next 30 days isn't a big deal. Bitcoin is intergenerational.

Don't get too confident in this market because it has still high volatility. Also, make sure that you are only using spare money as it would be a very hard challenge if you need to sell your stash below your buying price if you badly need the cash.

FIFY.

I have to agree with this. Bitcoin is truly a safe haven for those who can manage well their investments, but for those who are just here to satisfy their greed for instant profits, I'm sorry to tell you bitcoin will never give you a safe haven feeling.

However, since we are now in the last quarter of the year and it's obvious that the market is experiencing a bullish season, hence seeing it as a safe haven makes sense. But never forget that after this season, a bear season may also come in. If you can manage well the bullish scenario, make sure you put more efforts and understanding when it comes to bearish scenarios.

No because crypto are highly volatil and can be easily lost and robbed unfortunately, so I would call that a safe heaven asset. When you invest in those assets you take risks, you can get hacked and scammed and you can even get some troubles with banks when you cash out, not to mention platforms, casinos and exchanges especially, locking funds of users for no reason and asking endless private KYC documents to unlock them.

Op, I have to disagree with you, crypto isn't a safe heaven for anyone unless if that person knows how the market works. Even in these 30 days nothing is guaranteed in crypto world, instead of going upward the market could go downward anytime again. There's even chance that Bitcoin might see some dips as that's also possible. No one is fully sure that what's going to happen next in crypto world and that's why it's not good to make topics where you say such things confidently.

Bitcoin is the safe haven and not cryptocurrency, our wealth should be held in Bitcoin and not other cryptocurrency. Hodling other cryptocurrency is a risk too because they can crash or lose value with no hope of growing back to the old price but you can be certain that it'll not be happening with Bitcoin hence Bitcoin is the only safe haven cryptocurrency and not all cryptocurrency.

There have been many cryptocurrency that people have lost money hodling and as we get into the bull market, there's also going to be more cryptocurrency getting introduced to us and people will think, they're safe to invest in them but will regret the decision in the bear market when the markets begin to lose investors and prices of cryptocurrency lose value rapidly.

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%.

Isn't this what we've been talking about? to HODL and everyone who has new this will prove that it's been a helpful strategy ever since.

You're scaring people as if many of you are going to experience something wrong with your assets. It doesn't go like that. What will be in trouble is the one that's careless.

I agree but Bitcoin is.

As the month of October has come to an end, Bitcoin has started to move down from the market highs. Bitcoin may move into a dumping situation in November following October.  But if investing in October is a safe zone, then whether investing in Bitcoin in November actually becomes a risk. However, those who invest in Bitcoin must consider the cryptocurrency safe zone for long-term investment.

OP if you say Bitcoin is a safe heaven I will agree but crypto you mentioned has changed the whole idea because there is no way somebody will use the money they would have acquire properties to put all into crypto knowing that crypto is not something that's worth putting your hope on, however I'm curious to know how crypto will be a safe heaven within the next 30 days as you said on the title?, actually I no that you are saying from the view of the properties that has been destroyed because of the war that's currently happening but that doesn't mean that other countries will still face the same thing, so anybody who have a physical assets and business shouldn't get worried about any unforseen war that would claim all their properties and businesses because something like that doesn't happen just like that.

OP you are used to making predictions without backing up with relevant proofs. I am still waiting for this prediction to happen in the next seventeen days.


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.  

He is talking about crypto not just bitcoin and even if it was bitcoin it is not a safe haven. How can a highly volatile asset be a safe haven? I don't think that's a wise idea and we should be realistic that bitcoin cannot yet be considered a safe haven or store of value. It's true that bull season is here and everyone is optimistic, but what guarantees are there that bitcoin won't suddenly be dumped if war breaks out or inflation suddenly spikes again? Do you see any assets that are considered inflation hedges being dumped during times of inflation or economic crisis?
Given its high volatility and sensitivity to world news, bitcoin remains a risky investment rather than an inflation hedge as we often say.

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.

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.