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Topic: Is Bitcoin truly a safe-haven asset? - page 4. (Read 1408 times)

jr. member
Activity: 55
Merit: 1
June 12, 2021, 01:09:53 AM
#95
Yes, Bitcoin is a safe-haven asset.
When we say that Bitcoin is a “safe-haven asset”, we mean that it can hedge against the risks of bank bankruptcy, government credit crises, and long-term over-issuance of legal currency in the short term, rather than hedge against the risk of shrinking various assets when the economy is down.
sr. member
Activity: 794
Merit: 272
June 11, 2021, 08:47:34 PM
#94
In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".

There is physical gold in your hand and their is ETF faux 'GOLD' on paper, where 100x paper is traded over holdings. Not unlike USDT which only holds 3% of its assets as USD, thus its really a USD derivative, just like GOLD is a derivative and not the real thing.

So what is BITCOIN, well its  Valued in USDT which is 97% scam, ergo BITCOIN is not a 'safe haven', its a 'scam haven'.

Bitcoin at best can be called "Digital GOLD", where "GOLD" here means the GOLD-ETF, and not the real thing.

There is only one gold, and that the gold in your hand, under your control.

Bitcoin is just a number, backed by bullshit and conmen and liars.

It's important to remember if > 3% of the BTC community were to sell for hard currency, the entire system would fold, which is why everyday they tell morons to HODL.


Gold has been confiscated countless times in history. With Bitcoin I can hop across borders with my private keys backed up through a multitude of ways and there is nothing anybody can do to stop it. That is the biggest difference. The physical nature of gold compounded with most people buying from online dealers are its weakness. Not to mentions its heavy AF.  Grin
jr. member
Activity: 52
Merit: 1
June 11, 2021, 08:31:46 PM
#93
Yes, he has his own unique advantages, and his own characteristics make him have his own value. He has many believers who have given Bitcoin a lot of power and made the value of Bitcoin very precious.
member
Activity: 868
Merit: 63
June 11, 2021, 08:50:49 AM
#92
If you want to earn money? Yes. If you want to save your money, then invest in stablecoins or gold.
Exactly, the volatility of bitcoin is what keeps it from being considered a safe haven asset. Maybe if you have the patience to wait for long when the prices rally really high then probably it's a safe haven asset for you.
legendary
Activity: 2282
Merit: 1023
June 11, 2021, 08:33:04 AM
#91
There is physical gold in your hand and their is ETF faux 'GOLD' on paper, where 100x paper is traded over holdings. Not unlike USDT which only holds 3% of its assets as USD, thus its really a USD derivative, just like GOLD is a derivative and not the real thing.
So what is BITCOIN, well its  Valued in USDT which is 97% scam, ergo BITCOIN is not a 'safe haven', its a 'scam haven'.
I do accept that USDT is a scam coin and when they get into trouble by the authorities we might see a major correction but you need to understand that there are other stable coins in the market and many are trading using fiat currencies that are used to purchase Bitcoin and do you have any solid data to show that majority of the Bitcoin is held and purchased using USDT.

The market is open for your interpretation as well and if you are not interested in investing no one is forcing you to invest in it but you cannot blame the entire Bitcoin market because you feel different from the rest of the investors and i believe you did not invest a dime and hence the FOMO  Cheesy.
sr. member
Activity: 2016
Merit: 283
June 11, 2021, 05:22:36 AM
#90
Its too easy to say bitcoin is a safe heaven since it's not the same with other assets wherein very unpredictable. Yes in my opinion because with bitcoin if you ride through good new only it will always can guarantee to make huge profits, even long term as its very promising ever since before .. But the risk is still too high if you will not become aware on each and every situation that always happened around the crypto space, wherein unless if you're a long term holder of bitcoin it doesn't matter..
newbie
Activity: 19
Merit: 0
June 11, 2021, 04:48:41 AM
#89
Bitcoin is essentially an encrypted digital currency. Because the upper limit of issuance is 21 million, and based on the underlying technology of the blockchain, decentralization, distributed ledger, non-tamperable and other characteristics, it is considered scarce and not affected by market fluctuations. . Based on these technical characteristics, Bitcoin can compare the value attributes of gold and has the value of trading and circulation. This is considered from the value of Bitcoin itself. Now, many institutions and money have poured into the Bitcoin market in large quantities, and the entire Bitcoin price is soaring. Bitcoin shows more of its investment attributes. Price fluctuations are affected by the currency market. Large money enters the market frequently and prices will rise. This is based on the investment properties of Bitcoin and is affected by market fluctuations. But any product must return to the value itself to consider. The essence of Bitcoin is an encrypted digital currency, which is used for transactions, and the investment attribute is not a long-term manifestation of value.
sr. member
Activity: 1274
Merit: 293
June 11, 2021, 03:45:30 AM
#88
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.
As long as you don't mind the risk of volatility and your investment getting cut in half because of a sudden dips that are known to happen everyday to bitcoin then you might say that it is a safe asset but if you factor the risks, I don't think that it's going to be called a safe haven asset.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
June 11, 2021, 03:36:43 AM
#87
I think most investment have inherent risk and I don't think that bitcoin is going to be considered as a safe haven asset because bitcoin is volatile and no people would want their money lose 50% in just a matter of day even if they hold for long-term because panic will still set.
sr. member
Activity: 2436
Merit: 455
June 11, 2021, 02:51:28 AM
#86
Every investment vehicle and mediums of exchange have their own risks. There's no absolute safe haven for someone to store his fund because every platform has their own pros and cons.

I think the reason why the majority keep on calling bitcoin as safe haven because they experienced its benefits and they know its potential. Maybe investing and trading in bitcoin worked for them, hence, they consider it as a safe platform to put their funds. However, we can't change the fact that bitcoin is still a speculative asset. People must still diversify to avoid losing everything at once when things go chaotic.

jr. member
Activity: 65
Merit: 5
June 11, 2021, 01:29:59 AM
#85
This is a good question. Let me talk about it from the perspective of asset allocation: If you have a large amount of funds, and Bitcoin accounts for 10% or even less than 5% of your assets, it is a safe-haven asset; if it accounts for 30% or more, it It is risky assets. The only free lunch in investment is diversification. Whether an asset is a risk or hedging depends largely on its weight in the asset portfolio. The black swan event can turn low-risk assets into high-risk investments.
member
Activity: 182
Merit: 30
June 10, 2021, 10:18:59 PM
#84
In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".

There is physical gold in your hand and their is ETF faux 'GOLD' on paper, where 100x paper is traded over holdings. Not unlike USDT which only holds 3% of its assets as USD, thus its really a USD derivative, just like GOLD is a derivative and not the real thing.

So what is BITCOIN, well its  Valued in USDT which is 97% scam, ergo BITCOIN is not a 'safe haven', its a 'scam haven'.

Bitcoin at best can be called "Digital GOLD", where "GOLD" here means the GOLD-ETF, and not the real thing.

There is only one gold, and that the gold in your hand, under your control.

Bitcoin is just a number, backed by bullshit and conmen and liars.

It's important to remember if > 3% of the BTC community were to sell for hard currency, the entire system would fold, which is why everyday they tell morons to HODL.
jr. member
Activity: 75
Merit: 1
June 10, 2021, 08:11:24 PM
#83
In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".
jr. member
Activity: 55
Merit: 3
June 10, 2021, 08:07:35 PM
#82
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.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
June 10, 2021, 08:01:07 PM
#81

It's a safe haven asset because it can't be taken away from you as long as you have the private keys. It is not mainly because of the price that the reason why it's considered safe haven.

Volatility works in both ways, it could go up and down. No one shouts Volatility is bad and very risky when the price goes up but they only do it when the price goes down.
member
Activity: 182
Merit: 30
June 10, 2021, 07:19:49 PM
#80
Now it is difficult to call Bitcoin a safe-haven asset. But I assume that will be the case in the future. So it's better to keep holding a little bit of bitcoin.

Is an intangible a safe haven, is btc 'real' like real-estate, these are debates only left for morons.

Is something that just showed up 10 years ago, and could evaporate in the next 5 years really 'safe', IMHO we seriously need to define the word 'safe'.

'Safe Haven' is in regards to ships during storm, long ago a 'safe haven' was a place you could anchor a ship to weather out a storm. Since SHTF has't transpired to date in btc's short ephemeral life, since the last SHTF was 2007, in which btc did not exist, nobody has a damn idea how btc will weather the next storm.

Just because resident moron's on this site say's BTC is safe, doesn't make it so.

Safety like 'safe havens' are time tested, known-knowns.

The entire goal of the rich is to keep their wealth, since BTC can go to zero, its not exactly a safe place, a high probability to go down, and low probability to rise, is a fools 'investment'.
member
Activity: 1022
Merit: 10
June 10, 2021, 05:04:57 PM
#79
I think that it is a safe-haven asset if you are in for a long term. Otherwise, it's not that safe at all. I've always seen Bitcoin as the best coin for long-term investments rather than short-terms. Bitcoin has a bright future and you must not be very impatient if you want to make a big profit.
full member
Activity: 2142
Merit: 183
June 10, 2021, 03:44:39 PM
#78
Hello everybody. I would not firmly assert 100% that Bitcoin is a haven asset. Nevertheless, the refuge implies in itself - calmness, and the movement of the price of "digital gold" cannot be called calm. Although, if you look at the entire short history of Bitcoin, calm can be found in the constancy of the average annual growth of this price, so it can be partially argued that Bitcoin is a safe-haven asset.
In any case, bitcoin, like other promising altcoins, is a good refuge during a period of high inflation in the national currencies of states. If we entered the period of the impending global economic crisis, I think this would be seen more clearly. But we can already see that states with a high level of inflation, such as Venezuela, immediately pay attention to cryptocurrency and, thanks to it, try to fix the situation.
full member
Activity: 840
Merit: 105
Buzz App - Spin wheel, farm rewards
April 27, 2021, 10:38:08 AM
#77
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.

now is living proof that bitcoin has really helped to ease the economic crisis in the whole country. if we compare the current price of bitcoin with the price of bitcoin in 2020 the difference is very far, especially if we compare it to 2016,2017 and 2018, the price of bitcoin at that time was very much cheaper.
at this time we have nothing to doubt about bitcoin because its popularity is already very large and favored by investors around the world, so don't be afraid to lose if you buy bitcoin at this time because the price will continue to rise every year.
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
April 27, 2021, 09:40:33 AM
#76
I have gold the reason I buy gold because the value of gold is quite stable and for me to store gold is a safe-haven asset.
Where will you keep the gold in your house?  Will you put it in the bank ??  Is it safe for you?  Theft and evils are complete, you put it in a sharp safe and rest assured that it won't break with time or danger.  I doubt that.  I mean, neither gold nor bitcoin are absolutely safe havens and storage.  All must have certain risks.  In terms of security, bitcoin will be superior because of its automated technology, but it still has inheritance and hacker risks.  Bitcoins are not authorized if you "crash".  In terms of value, bitcoin is still pioneering.
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