I just discover possible reason why btc is safe heaven - page 2.

dmamigo

sr. member

Activity: 1232

Merit: 250

Quote from: abhiseshakana on October 10, 2020, 01:39:31 AM

Quote from: PancongStreet on October 09, 2020, 12:09:59 PM

absolutely true bitcoin is not safe heaven, if you are looking for safe heaven property is the answer
the human population will not comply but will continue to grow so that property will be very much needed
I remember my house around 2010 had a price of $ 60,000 and now the price is $ 476,818, this is a real safe heaven asset

Property is an asset because its price tends to increase and it brings us money. In addition, property sales generate money for property agents and property loan salespeople who earn income by selling property and banking products.

But property can be an expense if over time there will be burdens including renovation costs, maintenance costs, water fees, electricity fees, land and building taxes and property loan installments. So instead of gaining more money, the house is actually draining more money.

Asset functions to increase wealth and store money in the wallet, while Expense functions to reduce wealth and remove money from the wallet. So that the house can be an asset not a burden, the house must generate value to cover the burden. The way to do this is by being contracted, used as a boarding house, used as lodging in collaboration with hotel aggregators. By turning a house into passive income, it will provide us with wealth and income without the need to use up our time and energy.

Anything which gives us profit is an asset, terming it as a property is not correct because banks considers cars in the property as well, but is it an asset? No, because it rather drains all your money,

I accept that even immovable assets such as building, lands etc can turn out to be a liability. Just take the current scenario where I have seen drastic fall of price of the immovable assets in our area and nearby due to the pandemic. Rent apartments are empty where the owner has to shed money to maintain the property.

BTC being the safe heaven or not, nobody can tell about it now. With countries banning crypto trading and criminalizing the action will make this more complicated. I would have bought legitimate and a little safe option rather than BTC completely.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: Polo7 on October 09, 2020, 07:35:02 AM

If you Don't sell with loss the btc is best investment asset I just realised.

You just realized this? how long you've been researching how good bitcoin as an investment. I've read it before that you only loss when you sell at losses. As long as you hold it, you can retain the value in no time and if you believe it being as the best cryptocurrency.

Stop with the ifs, buy it or you'll be telling us in the future that you've missed buying with the range you're telling us today as a good price to buy.

abhiseshakana

legendary

Activity: 2254

Merit: 2253

From Zero to 2 times Self-Made Legendary

Quote from: PancongStreet on October 09, 2020, 12:09:59 PM

absolutely true bitcoin is not safe heaven, if you are looking for safe heaven property is the answer
the human population will not comply but will continue to grow so that property will be very much needed
I remember my house around 2010 had a price of $ 60,000 and now the price is $ 476,818, this is a real safe heaven asset

Property is an asset because its price tends to increase and it brings us money. In addition, property sales generate money for property agents and property loan salespeople who earn income by selling property and banking products.

But property can be an expense if over time there will be burdens including renovation costs, maintenance costs, water fees, electricity fees, land and building taxes and property loan installments. So instead of gaining more money, the house is actually draining more money.

Asset functions to increase wealth and store money in the wallet, while Expense functions to reduce wealth and remove money from the wallet. So that the house can be an asset not a burden, the house must generate value to cover the burden. The way to do this is by being contracted, used as a boarding house, used as lodging in collaboration with hotel aggregators. By turning a house into passive income, it will provide us with wealth and income without the need to use up our time and energy.

kawetsriyanto

legendary

Activity: 2464

Merit: 1140

duelbits.com

BTC is a worthy asset, and it is trusted enough. But, I don't think many people consider it a safe-heaven asset.
Well, it is probably because of the volatility of BTC in the market.
You may say that if holding BTC will lead you get the profits after one year or more. It may be true if it is for a long-term investment. But, you cannot expect the profits until a certain time exactly. Because we will not know whether the price of BTC will go up after one year or not. As in 2017 and above, the price goes down again and again until now and it still doesn't break the ATH

PancongStreet

full member

Activity: 191

Merit: 100

Quote from: kryptqnick on October 09, 2020, 11:07:01 AM

Bitcoin is not stable and reliable enough to be safe haven. Let's be realistic. Fiat is still doing quite okay and it's pretty stable, even though usually somewhat deflationary. Then there's gold which has a long history of rising up in price, and rarely demonstrates high volatility. Bitcoin might become a safe haven if major fiat currencies fall to hyperinflation, but it's unlikely and situational. Bitcoin is young, volatile, and wasn't made to be safe haven, so while some might use it in this way, this can end badly with people losing a lot of money due to usuing Bitcoin not the way it's supposed to be used.

absolutely true bitcoin is not safe heaven, if you are looking for safe heaven property is the answer
the human population will not comply but will continue to grow so that property will be very much needed
I remember my house around 2010 had a price of $ 60,000 and now the price is $ 476,818, this is a real safe heaven asset

kryptqnick

legendary

Activity: 3332

Merit: 1404

Join the world-leading crypto sportsbook NOW!

Bitcoin is not stable and reliable enough to be safe haven. Let's be realistic. Fiat is still doing quite okay and it's pretty stable, even though usually somewhat deflationary. Then there's gold which has a long history of rising up in price, and rarely demonstrates high volatility. Bitcoin might become a safe haven if major fiat currencies fall to hyperinflation, but it's unlikely and situational. Bitcoin is young, volatile, and wasn't made to be safe haven, so while some might use it in this way, this can end badly with people losing a lot of money due to usuing Bitcoin not the way it's supposed to be used.

20kevin20

legendary

Activity: 1134

Merit: 1599

History may repeat itself, but not all the time. Bitcoin's past of impressive value appreciation will not just be a magical endless cycle. If it was able to hit $3k after touching $20k, it is able to hit $1.5k after touching $10k as well - and so on.

It's not just a miracle. Today, we have the possible extreme advantage of multiple factors, such as the fact that there still are very few Bitcoin users right now, although the number has exploded since Bitcoin's genesis. While you may have missed the first decade, it's still early to enter the market today IMO.

But that comes with consequences - institutional investors are making Bitcoin's graph follow stocks more than ever before. Remember when Bitcoin had a huge drop this year, together with stocks while at the same time Gold bounced? How is Bitcoin a safe haven in that scenario? Tongue

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: BrewMaster on October 09, 2020, 07:55:30 AM

you are wrong bitcoin is not a "safe heaven".
bitcoin is a currency that has a good chance of appreciating in value over time and increase your purchasing power if you own any amount of it. it is not supposed to go up in price and it is not supposed to be profitable and there is no guarantee.

He even said it himself:

Quote

You buy btc Now its 10k it Can fall down like to 7k

Assets that do it cannot be called a safe haven.
I have no idea what safe heaven is. Wink

Even if you think something will go back up it's only oyour believe and your speculation.

I own Bitcoins but I wouldn't recomend people to put all of their money in it and tell them it's 100% safe.

proTECH77

member

Activity: 1120

Merit: 30

Bisq Market Day - March 20th 2023

Bitcoin is a decentralized which is very safe compare to other cryptocurrencies which are not safe in the area of market. When you obey all the bitcoin rules in the areas of transaction all your coins are safe.
I think when you study the rules of bitcoin very well your money is safe and it make you feel you just discovered possible reason why BTC is safe heaven. Bitcoin is more popular and safe in the place of Investment.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

It is easy to imagine if we buy bitcoin at a current price and hold it for a year, and then in the next year, bitcoin prices increase a lot. But I am afraid that you will not see that. If you follow what happens from 2017-2018 until now, you will see bitcoin price suddenly jump to the lowest price, and many people never imagine if that can happen. But it did happen, but people are now seeing a new hope for bitcoin price to increase higher because the price now can back to $10 price level. And if somehow, the price will go down to $7k-$8k again, I am sure people will try to buy bitcoin at that price because that will be a discount price for bitcoin.

Buy bitcoin at any current price, hold it and trade it if you have skills, and sell it whenever the price increases, so you can profit. That will make you have money to buy gold.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: Polo7 on October 09, 2020, 07:35:02 AM

Let's take one year time

You buy btc Now its 10k it Can fall down like to 7k likely and then it will go Back up... Right. I
in one year time there is high change that btc go to 10k to 15k price range.
Right Now its 10k If I buy Today in few months it Can go over 12 k as the price was like this many times.
Anyone Can see that bitcoin price is quite stable on the Long period of time.

And Right Now If you buy btc its 10k its in likely possible the price will go lower.

As strong buy price are 7k to 10k

If you Don't sell with loss the btc is best investment asset I just realised.

And Right Now we are on Economic low point and Even then the btc is 10k the price likely will go up If the economy will be better.

Neither way then you will either earn or have loss but as long you don't sell up your coins then it wont really consider as a loss but the question is, would you really have that kind of patience
where you might hold up for several months or years?

Its never been always a guarantee that if you do buy now then you would assure that you will be profiting on the next year to come.Just take for example on last year basis if you do get in into those peak prices then until now you are really still holding.

Safe haven isn't a proper word because even though bitcoin is highly supported but doesn't mean that it will give an assurance.

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

Quote from: Polo7 on October 09, 2020, 07:35:02 AM

Let's take one year time

You buy btc Now its 10k it Can fall down like to 7k likely and then it will go Back up... Right. I
in one year time there is high change that btc go to 10k to 15k price range.
Right Now its 10k If I buy Today in few months it Can go over 12 k as the price was like this many times.
Anyone Can see that bitcoin price is quite stable on the Long period of time.

And Right Now If you buy btc its 10k its in likely possible the price will go lower.

As strong buy price are 7k to 10k

If you Don't sell with loss the btc is best investment asset I just realised.

And Right Now we are on Economic low point and Even then the btc is 10k the price likely will go up If the economy will be better.

When you talk about long term yes there is a possibility as long as btc exist and people still fully support the technology, but the fear of unknown can't be ignored as well, i think the whole btc being a safe heaven argument is subjective and depend on each individual, if you are the type who is not affected by occasional price dump and aim long term this will most likely be true, but many people are only viewing the short term price, that is why many panic sell when there is a little price dump.

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

Quote from: mariah.sadio on October 09, 2020, 07:56:48 AM

It can be true about every strong asset in the world in long term, isn't it?

Pretty much. Using OP's argument, you could say the same with assets like Amazon stock, which a lot of people believe that will likely go up as time goes and as Amazon continues to grow. And regardless how bigger and bigger Amazon is growing, there's technically still a non-zero chance that Bezos will mess up the company one way or another; hence not really a "safe haven", just probably a good investment.

People call bitcoin a "safe haven" not because of the potential price appreciation, but mostly because bitcoin is like gold in a way that bitcoin's(and gold's) total supply cant be mass inflated at will by the central banks.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

you have created so many topics all over the forum,are you really doing this for the sake of finding knowledge?
Sorry just curious because i have been seeing you in all section almost with existing or new thread created.

Quote from: mariah.sadio on October 09, 2020, 07:56:48 AM

It can be true about every strong asset in the world in long term, isn't it?

That is if you really understand what OP means,because i find it hard to understand.
though Bitcoin is really safe heaven if you are willing to Hold longer than what other expected.

mariah.sadio

full member

Activity: 573

Merit: 105

It can be true about every strong asset in the world in long term, isn't it?

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

you are wrong bitcoin is not a "safe heaven".
bitcoin is a currency that has a good chance of appreciating in value over time and increase your purchasing power if you own any amount of it. it is not supposed to go up in price and it is not supposed to be profitable and there is no guarantee.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: Polo7 on October 09, 2020, 07:35:02 AM

If you Don't sell with loss the btc is best investment asset I just realised.

If you don't sell your bitcoins in the short term, then yes, you have most likely made a great investment, because bitcoin is probably going way up in the next 3-4 years. Although, you are correct only for the long term. On short term, if I want to make 100 dollars within a month, I consider bitcoin one of the worst investments since it's wildly fluctuating.

There are some warnings though, that show what should you do. Like, recently when bitcoin dropped from ~$10600 to ~$10000 and then it went up again. But even that is risky, it could stay on the $10000 for weeks or even worst, it go down to the $9k Roll Eyes

For the not-so-much-bitcoin-fans, I personally suggest ethereum as "quick money" with low risk. This thing is going up soon.

P.S: Make your posts look better as @TopTort777 said above, you look pretty spammy.

TopTort777

legendary

Activity: 2534

Merit: 1501

Are you getting paid to create topics like that ?

I see that almost every day you create topics that is hard to read. You just throw a bunch of phrases, words, some numbers (perhaps then click "randomize" button) and produce a new topic. Do you even read what people post in your own topics?

According to your post, bitcoin can go up, or can go down. There are "chances to go up to 15k", while it is "likely possible to go lower than 10k". Wtf is this ? "If you buy high, dont sell low" - well I be damned, that is so right… Since you registered in July 2019, it took you 1 year to realise? Yeah…"btc is safe heaven"

Polo7

jr. member

Activity: 392

Merit: 7

Let's take one year time

You buy btc Now its 10k it Can fall down like to 7k likely and then it will go Back up... Right. I
in one year time there is high change that btc go to 10k to 15k price range.
Right Now its 10k If I buy Today in few months it Can go over 12 k as the price was like this many times.
Anyone Can see that bitcoin price is quite stable on the Long period of time.

And Right Now If you buy btc its 10k its in likely possible the price will go lower.

As strong buy price are 7k to 10k

If you Don't sell with loss the btc is best investment asset I just realised.

And Right Now we are on Economic low point and Even then the btc is 10k the price likely will go up If the economy will be better.

Topic: I just discover possible reason why btc is safe heaven - page 2. (Read 530 times)