Is Bitcoin truly a safe-haven asset? - page 3.

Mahanton

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Quote from: yurgee on July 02, 2020, 04:52:21 AM

Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.

Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.

As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.

When it comes to risk then it cant really be removed out and there's no such thing about safe-haven asset no matter how good or being supported it is by the community although demand would be the main key
for it to survive for how many years and if support is there then we would really able to expect that it would exist in more years to come but dont just let yourself get too confident that this is making an assurance
for you to make money or profits when you deal with it.Always put up in mind that risk of losing money is on next on line, we dont know on what will happen in the market in next minute,days,months
or years to come so better to prepare yourself and secure out profits if you do able to gain or do so.

RILWAN

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Bitcoin being a speculative currency it will be likened to digital gold, and it guarantees future financial success with its scalability and profit-making mechanisms.

swiftbits

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You are safe if you are not worrying about losing and earning money anymore.
Bitcoin is volatile, and we can't say what will happen to the price in the next decades
Bitcoin might be the safest crypto asset but should not be depended on as your profit machine.
Diversify, look for a financial advisor.

Reatim

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There is no such true thing about Safe Haven for our asset because security is about from how we handle this.

Bitcoin on the other hand is indeed one of the safer place to put our asset but remember that this is virtual and the risk is always there .

But the Best question is Do Saving in Bitcoin really matter? then the answer is indeed YES..

wahyu wida

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Quote from: the rise on July 03, 2021, 01:08:50 AM

For now bitcoin performance is quite good, although more and more users will be heavy from some point of view, such as the number of people mining bitcoin will make the price of VGA expensive and get less bitcoin per hash, but about bitcoin technology I think it is very remarkable, bitcoin has been around for more than 10 years, but the idea that can be from bitcoin technology never runs out.

right, the idea of bitcoin development will never run out. it can be proven that when fud occurs, many assume that bitcoin will bubble, but in fact bitcoin is able to rise and even reach a new ath. and I think from the beginning of bitcoin there was no doubt to invest in it, it's just that we have to have the right moment to maximize profit

Caldear

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Bitcoin is not exactly a safe-haven asset. Bitcoin is an encrypted digital currency based on the underlying technology of the blockchain. The total amount is fixed, scarcity and other characteristics. Now that many institutions and people flow into the Bitcoin market, the price will change accordingly. Therefore, the price of Bitcoin fluctuates greatly, and its price will continue to change with market demand. However, Bitcoin is actually the best performing of the inflation-hedged assets, and it is a relatively safe virtual currency in the crypto market.

Mituletr

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At present, Bitcoin does not fully possess the attributes of a safe-haven asset, but it may become a safe-haven asset in the future.
The price of Bitcoin fluctuates greatly, and it changes faster and more frequently than the price of traditional assets. It still has certain risks. But in the long run, considering its inherent scarcity, portability, and immutability, humans are gradually migrating to the digital world. Bitcoin may need more time to gain trust and stability, and it will have the opportunity to become a safe-haven asset in the future.

chan030

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Bitcoin is a legitimate currency-at least as legitimate as any other un-backed "fiat" currency like the ones in your pocket right now.

the rise

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For now bitcoin performance is quite good, although more and more users will be heavy from some point of view, such as the number of people mining bitcoin will make the price of VGA expensive and get less bitcoin per hash, but about bitcoin technology I think it is very remarkable, bitcoin has been around for more than 10 years, but the idea that can be from bitcoin technology never runs out.

Kong Hey Pakboy

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Quote from: pinggoki on July 02, 2021, 10:15:37 PM

Let's understand first what Bitcoin and cryptocurrency are before saying that it is a safe-haven asset because Cryptocurrency like bitcoin is volatile, meaning it may dump anytime so there is no safe haven here. Bitcoin is really a good investment in my own opinion but you must learn first on how the bitcoin works in which you must need to understand why the bitcoin is pumping up and dumping down so that you will be able to have the enough knowledge and understand how it really works.

Exactly, a lot of cryptocurrencies especially bitcoin at the paramount is the most volatile of all of them given how it cost around a dollar and in about a decade, it cost around 60k USD and then the prices are slowly going down again. I agree that we must learn about stuffs before investing in bitcoin or anything else because without a research and knowledge about bitcoin, you will end up panicking when the prices are not on your side.

pinggoki

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Let's understand first what Bitcoin and cryptocurrency are before saying that it is a safe-haven asset because Cryptocurrency like bitcoin is volatile, meaning it may dump anytime so there is no safe haven here. Bitcoin is really a good investment in my own opinion but you must learn first on how the bitcoin works in which you must need to understand why the bitcoin is pumping up and dumping down so that you will be able to have the enough knowledge and understand how it really works.

Tristan Bieber

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Perhaps compared with other physical assets, Bitcoin is not a safe-haven asset. In the current market situation, Bitcoin is undoubtedly one of the virtual currencies with the best hedging capabilities. In the previous global economic crisis, many people began to invest in the cryptocurrency industry, which is enough to prove that the assets in people's hands are no longer in value. With the inflation of fiat currency, people are turning to look for assets with more room for appreciation, even with the volatility of Bitcoin. It is relatively large, but in the long run, as long as you hold it for a long time, at least the bitcoin in your hand will not depreciate, but will continue to appreciate. I believe that bitcoin will become digital gold in the future.

KevinRosa

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Quote from: yurgee on July 02, 2020, 04:52:21 AM

Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.

Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.

As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.

Bitcoin, in the future when the global market becomes more uncertain, it may rise, or it may continue to fall. Due to the small market capacity and the more easily affected prices by the futures market and manipulation by giant whales, Bitcoin's market is almost independent of other markets. Although I am very optimistic about Bitcoin, at present, I am not optimistic about its use as a safe-haven asset. The impact of the epidemic is a bit of a chaotic world. I think whales or bigwigs will hold both Bitcoin and gold

awik p

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Quote from: Lordhermes on June 23, 2021, 01:39:14 PM

Quote from: NicNacCoin on June 23, 2021, 12:55:02 PM

Quote from: Prettyjing34 on June 10, 2021, 08:07:35 PM

In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.

Hey guys I agree with you but some volatile issues sometimes bitcoin a great threaten to investors and traders. Yesterday Bitcoin price dumped to $29k when it seems to me a threaten because I already invested bitcoin when it was $40k .

I see Bitcoin price to be unsable, the price rises and falls. It currently trading at $33k. But don't be panicked about the price. I will advise you have patience and hold your Bitcoin. Predictions have been made that Bitcoin will hit 100k or more before the end of the year. I believe Bitcoin will trade at a higher price very soon.

I agree with your views, but I suggest others to trust themselves before deciding to invest in bitcoin. there is no definite guarantee of bitcoin investment, no one knows what will happen in the future with bitcoin. therefore use free money to invest, so that our lives remain comfortable

gwestcot

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Quote from: Fortify on June 23, 2021, 01:35:35 PM

Quote from: yurgee on July 02, 2020, 04:52:21 AM

Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.

Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.

As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.

It feels like it is impossible for Bitcoin to ever become a safe haven asset, because while it has shown resilience against bugs and hacking attacks, it lacks the key ingredient of stability in the price. People who buy gold will see peaks and troughs in the value of it, however if you go back long enough then you see a baseline trend going upwards. Since Bitcoin has only been around for just over a decade, it is almost impossible to judge that base line valuation. It's hardly a "safe haven" if you buy in at $50k and when you need to go spending it, the value has dropped in half. Things like cash accounts or bonds are the real safe haven people think of when discussing secure assets that are fairly predictable even if inflation will slowly eat them away.

I mean Bitcoin follows a log chart and volatility is statistically declining with every single cycle that occurs. Bonds are in a massive bubble and I believe they are about to burst so I do not consider them to be safe havens at all even if they traditionally have performed that function. Bitcoin is clearly a safe haven asset but maybe in a different way than others in the past. My guess that in 2-3 more cycle Bitcoin's volatility will have declined to a point in which it will be palatable to use as an every day currency for all.

Lordhermes

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Quote from: NicNacCoin on June 23, 2021, 12:55:02 PM

Quote from: Prettyjing34 on June 10, 2021, 08:07:35 PM

In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.

Hey guys I agree with you but some volatile issues sometimes bitcoin a great threaten to investors and traders. Yesterday Bitcoin price dumped to $29k when it seems to me a threaten because I already invested bitcoin when it was $40k .

I see Bitcoin price to be unsable, the price rises and falls. It currently trading at $33k. But don't be panicked about the price. I will advise you have patience and hold your Bitcoin. Predictions have been made that Bitcoin will hit 100k or more before the end of the year. I believe Bitcoin will trade at a higher price very soon.

Fortify

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Quote from: yurgee on July 02, 2020, 04:52:21 AM

Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.

Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.

As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.

It feels like it is impossible for Bitcoin to ever become a safe haven asset, because while it has shown resilience against bugs and hacking attacks, it lacks the key ingredient of stability in the price. People who buy gold will see peaks and troughs in the value of it, however if you go back long enough then you see a baseline trend going upwards. Since Bitcoin has only been around for just over a decade, it is almost impossible to judge that base line valuation. It's hardly a "safe haven" if you buy in at $50k and when you need to go spending it, the value has dropped in half. Things like cash accounts or bonds are the real safe haven people think of when discussing secure assets that are fairly predictable even if inflation will slowly eat them away.

NicNacCoin

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Quote from: Prettyjing34 on June 10, 2021, 08:07:35 PM

In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.

Hey guys I agree with you but some volatile issues sometimes bitcoin a great threaten to investors and traders. Yesterday Bitcoin price dumped to $29k when it seems to me a threaten because I already invested bitcoin when it was $40k .

SoeNan89

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The trade name must have profit and loss, therefore Btc is a global currency trading, where traders in crypto can suddenly get rich, and vice versa. Although now the price of btc is very low but btc is still playing a good role in terms of price. Because success is not in favor of everyone, but everyone can achieve it in their own way.

Quite a lot of owners of btc assets have complained, because the price has decreased and there are still many business people who like the decline in the price of btc, so that he can buy when the price is low and sell it when the future price is doubled.

Expecto

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For long-term investments, yeah. I definitely think it is a safe-haven asset. Because we have witnessed many times how much Bitcoin price increased in some years. For this reason, I absolutely save Bitcoin also for the future.

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