Seeing as the price today is $11,300, if you got into bitcoin on 7th Feb as a hedge against the markets, you have done spectacularly well!
I'm thinking the same but the price is getting down again at $10,600.
Topic: Is Bitcoin still a good store of value <Safe haven>? (Read 306 times)
I don't think that it ever had a value of a safe haven.
Safe haven is something that you rely on, and that if you put your money and buy this "safe haven" for a long period of few years, you are most likely to have something around the amouny you invested with interest, I wouldn't say that bitcoin is a sure run here as it's price yet to be stabilized,and it has been here for only 9 years which is not a long period of time.
On the other hand gold had value for thousends of years, and it's price is much more stable, I would assume that most of the people would see gold as a safe haven and bitcoin as a high risk investment.
Safe haven is something that you rely on, and that if you put your money and buy this "safe haven" for a long period of few years, you are most likely to have something around the amouny you invested with interest, I wouldn't say that bitcoin is a sure run here as it's price yet to be stabilized,and it has been here for only 9 years which is not a long period of time.
On the other hand gold had value for thousends of years, and it's price is much more stable, I would assume that most of the people would see gold as a safe haven and bitcoin as a high risk investment.
It is good to store bitcoin in the the safe stores but in the previous years globally the market have shown the image of these that bitcoin and other coins people have sold in aggressively and this bring a panic situation to the market So it is good to store but for this the patience is must and if you do hard work you can earn good amount of money from this.
Bitcoin comes such as a agent of change, because it offers much advantages for people.
It is not currency, people can do others transaction here easily. I think that bitcoin will be always good because it makes people easier. The money that we invest in bitcoin is kept safely even it gives much benefits for the owner. However, it all depends on you, as long as you do the best in bitcoin, yo will get much advantages of it.
It is not currency, people can do others transaction here easily. I think that bitcoin will be always good because it makes people easier. The money that we invest in bitcoin is kept safely even it gives much benefits for the owner. However, it all depends on you, as long as you do the best in bitcoin, yo will get much advantages of it.
Yes, as long as the wallet you are currently using has its feaute of two factor authentification so that some threats and risk for the bitcoin you have in your wallet is somehow safe. You should also be aware of different phishing method so that you will be able to determine where and what you should open.
Yeah youre right that bitcoin is a good store because we keep our money grow at the same time secure our earnings to fullfill our dreams .Bitcoin is like loving yourself because the way you care of it you make improve.Just like bitcoin the way you give effort your are a reason to be a millionaire soon. 
Seeing as the price today is $11,300, if you got into bitcoin on 7th Feb as a hedge against the markets, you have done spectacularly well!
I'm thinking the same but the price is getting down again at $10,600.of course not , btc price is very volatile it went from 20k to 8k
20k was overvalued. If you would see the steep increase that lead to 20k, it's very clear that 20k was never going to sustain. It was pumped by pure hype of people, right now $10-12k is the perfect price for BTC. I would consider this pretty much non volatile for BTC.
I don't think it is safe heaven but almost there 
Bitcoin future is still promising. In the matter of fact, last year is considered as development year of bitcoin.
Bitcoin future is still promising. In the matter of fact, last year is considered as development year of bitcoin.
I still consider bitcoin as a good store of value. Though there are times when its value flops because of FUD or because of any other reason, many still believe in it that its value will turn around and go up above their buy price which is the reason why it would be a good investment. We know that there are whales out there who can somehow control its price but because majority of holders are positive about bitcoin, we just accept the fact and ride with the tide. Unless another coin would be able to surpass and get the throne of bitcoin, it would still be a safe haven.
Gold and other precious metals may be good options as well for safe haven and we can see that many are still interested in it because of the recent surge up when the stock market is down but the advantage of bitcoin over it is that bitcoin can be both a store of value and a currency while gold will only be a store of value.
Gold and other precious metals may be good options as well for safe haven and we can see that many are still interested in it because of the recent surge up when the stock market is down but the advantage of bitcoin over it is that bitcoin can be both a store of value and a currency while gold will only be a store of value.
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Is Bitcoin still a good store of value ?
There's an old (and not very funny) joke which might be applied here. It goes like this...
Two surfers are sitting in the ocean. Out of nowhere they see the massive fin of a great white shark coming straight towards them. One sufer begins paddling for the beach. The other smirks, shakes his head, looks at him and says: "do you really think you can outrun a great white shark"? The other retorts: "I don't need to outrun the shark, I only need to outrun you".
As per lame joke, the question might be re-phrased as: is bitcoin a better store of value than fiat currencies like the US dollar or euro? The same comparison might be made between bitcoin and precious metals like gold and silver.
I would be interested to know how people see a bitcoin versus fiat currency debate on store of value panning out.
Seeing as the price today is $11,300, if you got into bitcoin on 7th Feb as a hedge against the markets, you have done spectacularly well!
I'm thinking the same but the price is getting down again at $10,600.of course not , btc price is very volatile it went from 20k to 8k
For me, it is. But if you are in a hurry and you are taking profits immediately, bitcoin as store of value won't work for you. 
Bitcoin would still remain a store of value for the next few years to come if the market is still largely based on speculative purposes as there is still room for new heights to be reached. To then compare bitcoin price and gold price to me is not considering other factors that differentiates them. Gold main purpose as we can tend it to be is solely as a store of value but for bitcoin, it encompasses both the attribute to be a store of value and a currency which means the attention to have been devoted to on one objective would then be shared with effect reflecting on price.
Aside the above, like you have said, the table turns which gives the hope that the table can still turn again to the advantage of bitcoin which is very much not impossible.
Aside the above, like you have said, the table turns which gives the hope that the table can still turn again to the advantage of bitcoin which is very much not impossible.
No. People who think it's a safe haven are deluding themselves. Anything could happen to its price. The current and previous heights are fuelled by pure speculation and excitement.
In all of BTC's life there's never yet been a significant downturn in wider markets. It's easy for anything to boom when everything else is. If that falters then we'll see who or what is swimming naked. My guess is that Bitcoin is a luxury bet. If there's a proper squeeze it'll be the first thing people get rid of.
This technology is an exemplary place for investment, trading, savings and more. It offers great opportunities for all leading to a quality of life. It may fluctuate at times, but it surely will survive as the people behind it are also doing their best to strengthen it. In all of BTC's life there's never yet been a significant downturn in wider markets. It's easy for anything to boom when everything else is. If that falters then we'll see who or what is swimming naked. My guess is that Bitcoin is a luxury bet. If there's a proper squeeze it'll be the first thing people get rid of.
Global markets have sold off aggressively in the last three days.
There are sixteen stock exchanges (bourse) in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club".
The global stock sell-off is continuing, with Tuesday seeing significant falls at exchanges in Asia and Europe. The day after the U.S. stock market fell by its largest amount in six years, Japan's Nikkei index was down by 6.5% and Hong Kong's Hang Seng was down more than 6%.
Previously, when there were some economic turbulence, some investors turned to Bitcoin as a store of value or a Safe haven, but it seems as though the table has turned and Gold prices jumped to a 14-Month High.
Gold Prices Today Per Ounce :
Today
Per Ounce $1,326.90
Per Gram $42.66
Per Kilo $42,660.79
Bitcoin price : $7400
What explanation do we have for that?
Fiat specially dollars is get people attracted and many are selling off their hold in other for them to make profit through fiat. I think bitcoins is going to be the greatest beneficiary of this huge dump in stocks and commodities market. Ctyptocurrencies investment is the most attractive for now and we should wait and see how fund move back to it soonest. There are sixteen stock exchanges (bourse) in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club".
The global stock sell-off is continuing, with Tuesday seeing significant falls at exchanges in Asia and Europe. The day after the U.S. stock market fell by its largest amount in six years, Japan's Nikkei index was down by 6.5% and Hong Kong's Hang Seng was down more than 6%.
Previously, when there were some economic turbulence, some investors turned to Bitcoin as a store of value or a Safe haven, but it seems as though the table has turned and Gold prices jumped to a 14-Month High.
Gold Prices Today Per Ounce :
Today
Per Ounce $1,326.90
Per Gram $42.66
Per Kilo $42,660.79
Bitcoin price : $7400
What explanation do we have for that?
Not entirely sure but no it is not for me. BTC is not the most safest cause it is the riskiest of all the crypto. Not good for investments that has short term due. Must be a long term investment befote you can profit. As of now it is still rising and dumping in the 10k+ section of dollars.
Bitcoin still consider as risky investment because their value can changed without being expected.
So is it good for investment ?
If you can bear the risk for bitcoin , you can earn profit more than you can earn by keeping your gold or diamond !
So is it good for investment ?
If you can bear the risk for bitcoin , you can earn profit more than you can earn by keeping your gold or diamond !
Physical gold is difficult to acquire, difficult (expensive in a cell or can steal) to store. There are risks when selling it.
In fiat currencies, there is a risk of depreciation due to inflation.
In fiat currencies, there is a risk of depreciation due to inflation.
the Btc current currency used online Btc leads to interest from the people interested in investing that has many major functions in terms of settlement tools. storage tools and others. but on seale the value of btc as on as set is likely to be exceeded by other forms as well as gold as sets as you say and there are several factors that cause gold price to rise again as the increase of the fad rete btc still ahs a long way to go to store of vaule like gold
Depends on what you mean by "Safe", in terms of security without a doubt but in terms of stability and a rising interest on your investment maybe not. As it is unclear what the future holds, but if you do your research efficiently you'll convince yourself that it does indeed have a future.
of course not , btc price is very volatile it went from 20k to 8k , these fluctuations in price make it not a suitable asset to store your money , on the other hand , gold reserve its price and it's in up trend since the economic crisis .
The crypto market is the most fast moving space I've ever seen. Following the initial dip after Christmas eth was being touted as the superior store of value like this thread suggest. Fast forward a few months and the market dipped way more than most expected and once again it was bitcoin that came out as the superior store of value relative to other crypto
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