Topic: Is Bitcoin a safe haven??? - page 6. (Read 1622 times)
In my opinion I think bitcoin might be called a safe haven if you are only in for the long term, imagine having bitcoin as a safe haven back in ten years ago, regardless of the volatility and inflation rate surrounding the world, bitcoin has been to the rescue. Shun the volatility and go in for long term
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Which other investment is it out there that you could just invest in and go to sleep even though they might not be as volatile as Bitcoin? Every investment is risky you could say the Crypto investment is riskier but Bitcoin investment could still be seen as safe in the crypto realm. Just look at what happened to Terra Luna, No matter how down the price of Bitcoin goes, I don't think there is ever a doubt whether it will recover it is only just a matter of when and you said it too, all you need in your Bitcoin investment is a sound mental faculty and lots of patience and discipline and you are good. 
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Bitcoin is certainly not safe from price fluctuations, but it might be better if adoption increases further in the future. But so far I don't think bitcoin has become a safe and stable asset for a store of value because of its volatility, but it could be interpreted as something profitable. Of course it's safe to say that bitcoin has great potential to benefit its investors in the future due to the ever-increasing volume and demand for transactions, but consider the risks because they are always there.
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration.
The word 'safe' if interpreted has a very broad meaning, from which side Bitcoin is safe or not, investment, trade, storage or something I don't know.Talk about security, moreover Bitcoin in your own home is not safe, if you talk about assets, anything can be risky be it on the internet or in the real world, that's life, but as long as you have information, thoroughness, memory, vigilance etc., security will create itself without you knowing it.
Investing obviously has risks, if you don't have a good knowledge, not only about Bitcoin, other situations and activities also have risks, Safe or not it depends on the situation and you alone.
Bitcoin is a safe haven and also not a safe haven.
When compared to other cryptocurrencies (altcoins), bitcoin is a safe haven. Bitcoin will not drain your portfolio and disappear from the market. At this period of dip, many shitcoins will leave the market with your monies, but bitcoin will always give you back with profits only if you can be patient. Bitcoin also is the oldest, we aren't scared that it will cease to exist tomorrow. So, you are free to buy and hodl bitcoin for a long time and yet bitcoin will be there for you. This cannot be said for altcoins.
Bitcoin is not a safe haven in general knowledge. There are other things you will invest in that will not depreciate but will continue to appreciate even if not as fast as you expect it to be.
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I do not understand people who think that gold is a profit making thing, whereas gold is a safe haven. I mean think about it, gold is so slow and barely makes any profit, it does but very small amount over course of many years. I mean if we are aware that we can profit from the current situation in the crypto world, then why care about what's going on in the gold markets?
I would prefer to keep bitcoin as long term and yes it does drop like these days for example but that doesn't change the fact that it is one of the best investments anyone could make right now, and that is why I love it and will not end up changing it to gold or anything else.
I guess it's because they are used to holding gold for a long period of time and then selling it after a few years. It happens in most of the small communities and they always try to buy gold in small form. Maybe the benefits that gold provides are very small over the years and that's because people just know that gold is their best choice.I would prefer to keep bitcoin as long term and yes it does drop like these days for example but that doesn't change the fact that it is one of the best investments anyone could make right now, and that is why I love it and will not end up changing it to gold or anything else.
And after the presence of bitcoin, I think people will start moving to buy bitcoin and that has happened now that many people and companies have seen bitcoin as a valuable asset. I also prefer to keep bitcoins long-term and continue to buy bitcoins when the price is decreasing like now. After getting acquainted with bitcoin, I consider bitcoin to be one of the best investments.
Some people, consider saying that bitcoin is a safe haven for them. But for the other, others will say that bitcoin is for making money and will buy gold as a safe haven. So it will depend on each people where they will safe their money, whether in the gold form or bitcoin form or other forms. But for me, I will say that bitcoin is a safe haven as the price will have a big chance to increase and can be a place to save money rather than in the banks.
I do not understand people who think that gold is a profit making thing, whereas gold is a safe haven. I mean think about it, gold is so slow and barely makes any profit, it does but very small amount over course of many years. I mean if we are aware that we can profit from the current situation in the crypto world, then why care about what's going on in the gold markets?I would prefer to keep bitcoin as long term and yes it does drop like these days for example but that doesn't change the fact that it is one of the best investments anyone could make right now, and that is why I love it and will not end up changing it to gold or anything else.
Re: Is Bitcoin a safe haven???
In investment, is there any where called safe haven? If yes can you please show me. Where I will keep my money, it will not depreciating but keeps appreciating till infinity. I believe that should be the definition of a safe haven. But if you cannot find anything as such, please buy bitcoin and stop looking for a safe haven in a volatile asset.
So, when buying bitcoin, since there is no ideal safe haven, invest the money that you do not need in the short time and your investment will appreciate in the long term.
Therefore you should really make yourself be aware on what are the things or the reality that you would really be facing on rather than on making yourself to be that optimistic
for it to be safe because once you do experience losses then this is where you do say that people are right.
Re: Is Bitcoin a safe haven???
In investment, is there any where called safe haven? If yes can you please show me. Where I will keep my money, it will not depreciating but keeps appreciating till infinity. I believe that should be the definition of a safe haven. But if you cannot find anything as such, please buy bitcoin and stop looking for a safe haven in a volatile asset.
So, when buying bitcoin, since there is no ideal safe haven, invest the money that you do not need in the short time and your investment will appreciate in the long term.
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Bitcoin's constant decline in price doesn't make it a safe-haven asset (unlike Gold). Of course, there's volatility inherent within Gold. But the yellow metal has been relatively stable over the years. Bitcoin needs more regulation and capital inflow for prices to stabilize as much as possible. Only then, it can become the safe-haven investors need to protect themselves against the negative effects of inflation.
Things would've been different if people began using Bitcoin alone as a unit of account instead of Fiat. Valuing things only on Bitcoin, would fix the problem of "de-stabilization" for good. 1 Bitcoin = 1 Bitcoin, right? But Fiat is still the dominant force in the world's economy, so it's unlikely this will happen anytime soon. As long as Bitcoin is valued against Fiat, using it as a safe-haven asset will be nothing but impossible. Just my thoughts
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Some people, consider saying that bitcoin is a safe haven for them. But for the other, others will say that bitcoin is for making money and will buy gold as a safe haven. So it will depend on each people where they will safe their money, whether in the gold form or bitcoin form or other forms. But for me, I will say that bitcoin is a safe haven as the price will have a big chance to increase and can be a place to save money rather than in the banks.
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
You clearly pronounced the word meaning it is still a Safe haven if you are a disciplined investor and Knows what you are entering and what you are doing,.failure will only occur here if you are greed and Noob that only seeks for instant money and many of those are the failure account here in crypto market.
Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Yeah, until your money is in crypto we can't say we are safe, volatility still striking, and up and down scenarios are quiet to see very often. We can just sleep well if our money is already in our hands. However, this is not the mindset of the investors, these people risk their money and spend time in crypto even though they know it was not a safe haven and guarantee assurance but then, they still believe that they will get a profit from them.
no risk = no rewards
high risk = high rewards
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Before we only knew gold was our refuge.But the current bitcoin can be called our safe haven.The most expensive currency in the cryptocurrency world is Bitcoin and Bitcoin is invested in almost all countries.So the current bitcoin can be called a safe haven.
All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone,
I don't think about those hacking or stealing of data is just coming randomly. It has to do something with the user themselves and how they use their devices.If they just keep on downloading malicious files and keep on putting attention to the links that has been sent to them without inspecting what is that. They will really become victims of phishing and hacking.
if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.
This is a bad idea, you hold it long term better in a wallet and not in an exchange, hardware wallet mostly preferred. As the quote says "not your keys, not your coins". The volatility never let bitcoin to be a safe haven. It can be considered as a safe haven by long term holders who doesn't have a timeline to make use of the holdings. Because, we don't know when the market crashes/bounce. If the market was down when the user is in need, then the user losses from the capital. Every investment have risk and nothing can be considered as safe haven other than gold which fluctuates very minimal comparatively.
Long term holders like me 100% definitely see it as a safe haven. I mean fiat has been known to be a terrible "investment", why keep cash or something like that when we all know that prices will be a terrible deal for all of us?We know that the best case for us would be to keep it in bitcoin and that way we will be making a good amount of profit and it will never go down in the sense that lose "value", sure the price will go down but it would never be less valuable. Imagine mona lisa, it could be worth let's say 200 million one day, and 150 another, but the value of it didn't drop, only the price because it is always invaluable for many people. Same logic here for bitcoin to me.
Like some other people, I consider Bitcoin to be a safe haven but I know that is is a very volatile asset and certainly something volatile can not be considered as safe and must be classified to be risky especially for people who are new to it. However, this question is surely popping up when BTC is going down and can be in the bearish mood because when it is up and reaching ATH everybody is just rejoicing. Maybe then we can say Bitcoin to be a safe haven for the long term but not for the near term.
Bitcoin is safe and has a future prospect as we all know about bitcoin is gradually changing the world as a means of online payment, trading and investment, which has empower many individual as part time and full time job across the nation.
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Usually for a safe haven asset we need a stable price to keep it's value. Gold for example is one of these assets, they have a fairly stable price with low volatility. Bitcoins have much higher volatility than Gold. For the first time in a while Bitcoins dropped shortly below 30,000 USD which is a very important barrier. If prices drop further investors could get spooked and start selling their coins sending the prices even lower. That would increase volatility even more. When it comes to having bitcoins as a safe haven we need to know what purchase price we have. If we bought BTC in the past at 20,000 USD or right 30,000 USD then it is definitely a good investment and will keep its value long term. The thing with Bitcoins is that is not being affected inflation. Due to the high energy and food prices we are facing 10% inflation rates in Western countries, with that there is no real option of leaving cash around at the bank. It's better to be invested in a volatile crypto coin that will rise long term, than holding cash which is losing purchasing power each month in my opinion.
All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.
I agree that any investment has risks. Bitcoin also has some risk, but to a lesser extent than when investing in altcoins. Compared to other crypto currencies, bitcoin can be called a safe haven. Many cite the high volatility of BTC, but when viewed from a long-term perspective, this becomes negligible. Lubang Bawah's words that it is better to save bitcoin in the exchanges (especially in the long term) seem even more risky to me and it seems that he forgot the rule "not your keys - not your money".Jump to: