Topic: Is Bitcoin a Safe Haven for Your Money? - page 5. (Read 1604 times)

In my point of view, Bitcoin is not a safe haven for my money because buying Bitcoin is like making an investment. You might lose money if the price drops or lost everything if your wallet is hacked.

Investment platforms could really serve as a safe haven for currencies when time comes such as recession happens. But to consider gold and bitcoin, if people see the value out of it, it is the time they could consider it as a tool to store their money into. But in my opinion, Bitcoin being safe haven isn't really the best possible idea to consider, because of its market volatility and its nature of being a digital currency, it doesn't really have any intrinsic value. One possible big hack event could possibly make the market compromised so I stand still with Gold as a better safe haven for our funds.

every day you fight with the market. different from investors who hold in the long run. I guess the bitcoin paradise is just a figure of speech and an expectation, because the possibility is clear for the future that no one knows, of course if we can wait in the long run, it's likely to get big profits.

Some major institutions will say yes about bitcoin as a safe heaven investment where they are saying thay they can make profit by just holding it. All of investment have different level of risks and bitcoin is not a safeheaven for me because of its fluctuations. I see bitcoin as investment where I can make money in short period of time. I'm a day trader and there are always opportunity to make profit in the market.

Yeah I think Bitcoin could serves as a safe haven but not all the time. Based on study what I have read even the gold itself that is commonly used as a safe haven has not performed as good as always and that would be the same as for Bitcoin. There are some person whose see saw it as a safe haven especially if those person are willing to take the risk but if not then I guess gold will pretty much better for you.

It's undeniable that the risk was always there on every investments, but we shouldn't generalized it by having mindset on bitcoin all alone. Fiat investments also had this kind of risk, though it involves physical business but we didn't have assurance on how long a business will remain productive. Due to competition, every established figure on a business firms could be feasible on having bankruptcy. Bitcoin is only good for one shoot of an opportunity, and after that you need an diversion of your profit to find other ways to earn a better income.

If you will ask many people they will say it is a safe heaven for them but for me bitcoin is not safe heaven. There are only two safe heaven for me and it is gold and the real estate. I called it safe heaven because I can guarantee that my money will not be vanished. Bitcoin has unpredictable movement and it is the reason why my view to it isa high risk investment.

if bitcoin is used as a safe place for money then i think it could be possible at this time but someday the price of bitcoin will definitely collapse when there are cases that make many people no longer believe in bitcoin and it is called investment risk or risk when storing at bitcoin,

by the way, the opportunity to save money in bitcoin is very good because with a very limited supply while demand is increasing from year to year will have a good influence on the price will definitely increase and when you save your money in bitcoin it can give a lot of profit.

For me, bitcoin is not totally a safe haven for my money because of its own high volatility. We may gain huge profits from investing in bitcoin but it will be gone also in just a blink of an eye. It's good to invest just a partial amount of your money in bitcoin as long as you can afford it to lose.

That's the first question I asked upon seeing OP's post, and I'm not clicking on that link because of that.  Glad I'm not alone in being annoyed by these threads that are basically just links.  It's a valid topic of discussion, but anyone starting a thread like this ought to start up a discussion with their own views.

Anyway, there's no way I would ever consider bitcoin a safe vehicle to hold money in if I were saving it for the future (as in a retirement fund).  The obvious reason for that is because of its volatility, which is what determines whether any asset is a safe one or not.  I've seen bitcoin drop 20% or more over the course of less than a week, and I'm pretty sure it's had even wilder rides than that.  Safe haven assets are those that are relatively stable and ideally at least beat the effects of inflation--like gold & silver are supposed to do.

These people here who are just saying "yeah, bitcoin is good safe haven" aren't really thinking about it IMO.

In my own personal opinion, bitcoin is really a safe haven asset for your money because it is one of the best ways to store your money and making it as an investment that it could give you a good profit in the long term, but there are still risk in storing your money in bitcoin that you should know first that it could go down if bitcoin's price is also going down.

its a safe heaven for me. the internet is the future of many things including the money. the said that there is no historical data that BTC will be considered a reliable safe haven asset but didn't BTC started with few cents before it goes up to $8 right now? it even spiked up to $20k to some markets.

you can't think of any assets that started out with few cents and goes up more than 5000x over the years non stop. they interview the wrong person here.

Depends on the person who's holding bitcoin because it must be him that will look into his investment whether it's a safe haven for him. But if he thinks that it's not then it's not but if he thinks that it is, then it is. Safe haven in a way when a war triggered and all of the damages will be done in different assets that we have, real estate and traditional investments that we have will also be affected.

You sounded as if, if there is war today internet will still remain and you are very much aware that Bitcoin cannot be transferred to second person without the use of the internet. We pray there should not be war any where in the world and I don't see Bitcoin as a safe heaven for now but let see what will happen in time to come.

In a thing, there is what we cal pros and cons. It is indeed true that Bitcoin is a safe haven for your money. Because it is a cryptocurrency, it is easy to keep, record, and it will also boom in the future. However, there are certain circumstances that one should be wary. For instance, putting all your money in one place especially in Bitcoin is a big no. Technology is not only a tool to help people but to damage them.

Good question, Bitcoin is certainly a safe haven for storing money, but this security also depends on you. 

not safe fully like save from crime , but in bitcoin i can safe my money without inflation. my money always has increase value when you use  bitcoin to invesment in the future. bitcoin different with fiat money, fiat money has inflation maybe its one of problem why people want and come to bitcoin then make investment with bitcoin

Bitcoin is a profitable speculation, it is not a safe place for my money, if I choose a safe place for my money I will choose gold or dollars.
You should list those who bought bitcoin at $ 20,000 and now they have lost 50% of their assets.

I can't watch videos in this capped mobile link anyway...

Bitcoin is safe in the LONG run. If you stop and look at the big picture, there is no doubt about it.

10-15% fluctuation is nothing compared to what it used to fluctuate in the past, and its only going to reduce even more from now on. But even if it were to eternally fluctuate 15%, it would still in the long run go up, just slower and slower overtime. So it IS safe.

A "non fluctuating" fiat might sound more enticing, their governments might even do a "proper job" to keep the inflation at 2% like their Chicago school economists want. BUT, this might change overnight, and you will not have time to react before its too late.

Those surprises do not come to Bitcoin, we already know where bitcoin is headed, and why. The fundamentals of its design, means it will not lose value over time like all fiats do. Therefore, when seen from a fiat perspective, it does look as it has always gone up.

So sure, trust your € and $ or £ whatever. But remember, they CAN become worthless overnight, bitcoin won't, because the rules of Bitcoin cannot be changed on a whim by a few people. In my country the coin wasn't so bad, until it became the worst on Earth, and there was no time to react. However you trust your government, they still have the power to make you poor overnight, no one does with bitcoin, you have to fight the entire market to attempt manipulating its price, and even if you succeed partially, it will correct to the point it will burn your fortune. Believe it, some Chinese millionaires tried, and failed.

Satoshi cannot come tomorrow and change Bitcoin rules to become 42million, without the approval (consensus) of the majority, but it can happen to your fiats. Metals are a little better in that regard, typically gold. But still, there is no guarantee that a new source of gold could be found on Earth or in space, so while the surprise factor is much lower, its not as low as Bitcoin. Think of this, the sole "news" that someone finds a gold filled asteroid, could drop its price in the market. Will someone ever find a bitcoin filled asteroid?

The longer the timespan, the better you comprehend bitcoin's value. Of course diversify your portfolio if you want, that is never wrong.

I considering bitcoin is another investment that can give me profit like what I did in real life. I don't think about bitcoin is a safe haven for our money because bitcoin itself has risk, and we should and prepare for the risk. If you can watch, the bitcoin price will always change, make some of us panic if the bitcoin price is going to down. Maybe you can choose gold as a safe haven for you, and not choose bitcoin. But if you can accept the risk, then you can use bitcoin for your own reason.