Topic: Is Bitcoin a Safe Haven for Your Money? - page 4. (Read 1556 times)
I consider Bitcoin to be a safe haven and also an investment. I know that it has some risk but I believe that it will gain value over time as it goes mainstream.
It all depends on how much of your money is in Bitcoin. I like Bitcoin but would not bank all of my investment portfolios in it, although I earn my salary in Bitcoin. I prefer that we keep a basket of diversified assets, as this would limit risk and is the most sensible thing to do, as the price of Bitcoin is pretty volatile. We need to exercise wisdom and caution when thinking about parking our hard-earned money in any asset class, and Bitcoin is no exception. Everything we do in this life is not risk-free, so we just have to weigh the pros and cons and act accordingly.
The risk element is always present in the bitcoin as it does in the other investments too. But some smart and calculated move make will give profit easily. As the bitcoin is a virtual thing so it depends totally on how people think about it and how much did they trust bitcoin. For the last decade, people have shown enough trust in it and lots of people are joining to the list. There is very high chance that the value gets higher day by day( even the bitcoin algorithm is designed in such a way). But it happened in the past that a sudden bad news about the bitcoin affects the bitcoin market heavily, at such time a holder should keep his confidence and patience.
Nice video and the article!
https://cointelegraph.com/news/is-bitcoin-a-safe-haven-for-your-money
Must watch
https://cointelegraph.com/news/is-bitcoin-a-safe-haven-for-your-money
Must watch
You can do a poll for this, and yes will definitely win, because many people have proven that it's a good and safe haven to money much safer than when you store it in a bank or on your vault, as long as you know how to secure your wallet and handle it, you are good to go.
So far its a safe haven for money. Of course we cannot deny to get worried or not confident about it but I guess its all about taking risks. We must be wise to how much we keep for it and well its really a trend nowadays. There are no assurance to safety but we just trust the process. Monitoring and constant checking is helpful to keep us updated of the possible outcomes.
As traders are in a constant fear of losing their assets, so in a traditional way investing in a safe haven is one that offer less risk, in other way in which price constantly rises. Surely at the present time, Bitcoin is a safe haven as its price is increasing. Beside that it offers you an assured safety, but it is the safest and secure form of currency. The risk factor in this market is not unique, risk is involved in every type of business. I consider Bitcoin to be a safe haven and also an investment. I know that it has some risk but I believe that it will gain value over time as it goes mainstream.
All investment is risky, it is really up to us how we will consider it as safe haven. If we will focus on watching up and down or by knowing that someday mass adoption will happen and we are lucky to be a early adoptors,that will soon to be benefitted on it. We should not worry too much on bear market, just find ways to earn on it.
So far its a safe haven for money. Of course we cannot deny to get worried or not confident about it but I guess its all about taking risks. We must be wise to how much we keep for it and well its really a trend nowadays. There are no assurance to safety but we just trust the process. Monitoring and constant checking is helpful to keep us updated of the possible outcomes.
If you pair up among bitcoin and gold of course it will be far to happen although it is depend on our opinion. Because the safe heaven itself is depend on ourself opinion as well. According me, safe heave is something like you can reach the target as you wanted. Like when you have target profit example $20000 for investing in bitcoin then when the price of bitcoin has reached that price I will say bitcoin is safe heaven. It doesn't matter how long its price will be reached by bitcoin. How do you see gold? Is it because of its shape or maybe because of something rare? I think no, you will see gold in its price. So, bitcoin is on proccess to be safe heaven place although it will need some decade but it will happen in my opinion.
Long term? Yes.
If you look at Bitcoin historic chart, the price has done pretty well in 10 years. Some insane returns. But it is equally volatile. But at the same time , it is free from any kind of centralized control and hence, hyperinflation is not possible because of bad policy decision. So it will be better to make long term investments in Bitcoin with the money you will not need within few years. It should be extra money you would want to grow.
If you look at Bitcoin historic chart, the price has done pretty well in 10 years. Some insane returns. But it is equally volatile. But at the same time , it is free from any kind of centralized control and hence, hyperinflation is not possible because of bad policy decision. So it will be better to make long term investments in Bitcoin with the money you will not need within few years. It should be extra money you would want to grow.
This is just in my opinion, investing with Bitcoin is indeed very safe and very profitable in the future, but only for people who really understand cryptocurrency and Blockchain methods, maybe this is not recommended for beginners to invest in Bitcoin because investing in Bitcoin is very risky high for beginners but if a beginner wants to invest in buying Bitcoin, it must be accompanied by friends or relatives who you truly trust and also understand about cryptocurrency.
I think that if I store Bitcoin in the next 5 years, the value of the coins I spent will be more likely to generate profits than losses. I myself have experienced how fast Bitcoin has grown in the past. Based on analysis and evaluation, the value of Bitcoin will soon reach a new record high. I strongly believe in Bitcoin.
Bitcoin is an alternative choice if the other safe haven assets is difficult to get, there are a list of safe haven assets that might be a better choice i.e gold, yen or franc swiss.
Bitcoin volatile price become a frightening specter for investors who have just been involved in cryptocurrency investments, but the value is impossible to become a zero because it's fundamental supply and demands.
Bitcoin volatile price become a frightening specter for investors who have just been involved in cryptocurrency investments, but the value is impossible to become a zero because it's fundamental supply and demands.
Hence it's a safe haven for anything at all. You place your money in bitcoin and you put it in more risk that keeping it in fiat especially if you don't have any clear idea about what you're getting yourself into. If you're thinking about the current financial system failing and that bitcoin is where you can convert to, you also would need to consider the risks of such venture. It's more likely that your money's value will fall before what you're expecting in the financial market happens.
I don't think so. Anyone who thinks so, just doesn't understand what bitcoin is. No need to rely on bitcoin that with it you will no longer have money problems. This is a big problem for beginners.
Bitcoin is an alternative choice if the other safe haven assets is difficult to get, there are a list of safe haven assets that might be a better choice i.e gold, yen or franc swiss.
Bitcoin volatile price become a frightening specter for investors who have just been involved in cryptocurrency investments, but the value is impossible to become a zero because it's fundamental supply and demands.
Bitcoin volatile price become a frightening specter for investors who have just been involved in cryptocurrency investments, but the value is impossible to become a zero because it's fundamental supply and demands.
Yeah it's like the best locker lol. If you own the keys of your wallet, just no one in the world, not even Satoshi himself can take the money out of your wallet. Even bank's vaults can be broken but a bitcoin wallet can't be broken to take its inside coins out lol.
in my opinion bitcoin is not a safe place to save money. but bitcoin has become the most profitable investment tool than other investments such as stocks or mutual funds. so if we want to invest, bitcoin will be the best choice. but if we want to save wealth or money then it's better in gold, land or property. These three types of investments are safe because the prices do not fluctuate and tend to increase.
I don't know why anyone would think that Bitcoin is a safe haven. Bitcoin is good investment but it's risky and because of volatility there is always possibility that you lose money, especialy on short term.
Bitcoin is not some kind of savings account where your money will be kept safe, if you think that then Bitcoin isn't the right choice for you.
Bitcoin is not some kind of savings account where your money will be kept safe, if you think that then Bitcoin isn't the right choice for you.
Bitcoin is not a safe haven because of the fluctuating price, so we cannot say that it is safe for your money. When someone wants to invest his money in bitcoin, he must know that investing in bitcoin will have risk, and that risk is about the changing of the bitcoin price that will always happen every day. When people don't know about the risk behind bitcoin, then they should be careful because, in the bitcoin journey, they will see the price will be up and down. If they want to use bitcoin as the investment, then before they invest their money in bitcoin, they need to learn about the risk, so they don't surprise with what happen to bitcoin later.
Another Click bait thread for his own video.
Anyways, Bitcoin is not Safe Haven for your money. If mass adoption takes place which might take another decade then we may think about being a safe haven as we will be able to spend it worldwide for anything. Right now its only a risky investment with a brighter future.
Anyways, Bitcoin is not Safe Haven for your money. If mass adoption takes place which might take another decade then we may think about being a safe haven as we will be able to spend it worldwide for anything. Right now its only a risky investment with a brighter future.
No, Bitcoin is a safe haven for your money. For the person that you know how to deal with it, how to make money with Bitcoin. When the correct time to buy and sell this is for short term business but in long term business, I don't think so because bitcoin is high volatility it is high risk if you dont Know how to handle your money possibility loss. I don't think that is safe haven.
Jump to: