Is Bitcoin truly a safe-haven asset? - page 6.

AakZaki

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Quote from: jhonjhon on July 03, 2020, 02:44:37 AM

Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

Doubts about bitcoin are indeed a natural thing for some people who are new to bitcoin and know their high voting. but for people who are familiar with bitcoin and have analysis and predictions for the future of bitcoin, they will certainly choose to invest in bitcoin.
The risk will remain and will not be eliminated even in the next generation. Risks can only be minimized or reduced risk on bitcoin by knowing technical and fundamental science. Because this knowledge is useful for analyzing and predicting bitcoin in the future.

Price spikes and price drops will always be there. stay careful and keep an eye on bitcoin.

Swordsoffreedom

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I think, now Bitcoin is a safe-haven asset. There are a lot of investor in Bitcoin and there are many people who are interested about BTC. Another thing is the demand of BTC is increasing day by day, and you know that the total supply of BTC is limited. so, if the demand of BTC will increase, the price will continue to rise too, at the same time its popularity will be increased. now many countries are trying to legalize BTC. I think, then there will be no doubt about BTC's safety.

boissonnea

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The current and coming year will be considered a test for all cryptocurrencies to prove their usefulness in the event of economic crises and the collapse of many countries.
If it succeeds, it may be considered the beginning of the transformation of digital currencies as an investment activity,
the countries will begin to impose laws and the beginning of adoption.
it will be a good start.

chikading2016

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Bitcoin is really safe there are so many safe ways to store the bitcoin that we have, bitcoin wallet with a private keys are really amazing, you are the only person that can open your wallet with the use of the private key just put your private key in the safe place, so that there is no other people arround that can get the keys and open your wallet.

Ozero

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Bitcoin can indeed be called a refuge if the global economic crisis comes soon. We hope that people will protect themselves from the inflation of ordinary currencies and invest in bitcoin and other potential cryptocurrencies. I think that in the near future we will be able to verify this.
At the same time, as a means of accumulation and value, I would not classify bitcoin as a safe haven. This is very hindered by the high price volatility of bitcoin.

fullhdpixel

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

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.

Is there any asset that didn't fall during the pandemic? Every asset or stocks I know all decreased in price when the pandemic started. Gold is the only asset that seemed to be strong at first and even before the pandemic started, when there was oil war, the price kept going up but after some time it fell. People do say that gold is a safe haven, so with what happened, are you still going to say that gold is a safe haven?

Bitcoin was on a movement that seemed like a bull run, but took a deep when the pandemic started. Despite that, it still recovered quickly within a short time, that's what matters the most. And besides, the drop even gave us the opportunity to buy BTC at a cheaper rate.

CarnagexD

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It depends on how the bitcoin holder deals with the market. Bitcoin is really a safe-haven once you are good at manipulating it, once you are effective in making transactions whether to buy or sell, that will give you huge amount of profits. We have different attitude and strategies in holding our assets and it depends on the person if he is willing to invest in bitcoin.

Many of us are still not that good at holding btc and greed is still the number 1 problem. My friend is very afraid about investing in bitcoin but I told him to study about it and months later, he is so determined to have an investment. Bitcoin's price is not that good that time but still he risks his money for his future. So for me, bitcoin is worth it if you try to make it as your investment for your future errands.

Kelvinid

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Despite I call myself a Bitcoiner, I'm sure that a term "safe-haven asset" is more about gold, which has been performing well during several crises. And March Bitcoin collapse showed that Bitcoin behaved like stocks under such conditions.

Bitcoin market trend keeps changing always and that is hard to see it correlated to the stock market once it dumps Bitcoin will also dump. We have nothing to compare about gold for its stability unlike what Bitcoin has. The future of Bitcoin still uncertain and that we can't be sure its growth its either it rises or it a dump, but one thing we can be sure about Bitcoin still be existed.
Thus, thinking about the "safe-haven asset", I'm in no doubt to choose gold.

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Quote from: famososMuertos on July 02, 2020, 11:38:23 PM

Bitcoin is safe in the long term, whatever the return you have (up-down) the risk is held by people who convert their Fiat money into bitcoin, with fear, and not as an investor, if they did it as an investment they knew that there is a level risk, by the way natural of the stock market or trade, not just bitcoin.

Fully support this idea. We keep talking about the present, the short term, and months ahead when Bitcoin is really a proven long term safety net. OK, whether or not it will be good like gold or better or worse, that's all for argument sake but the risk is as you say, for those who invest with fear.

Always put in what you can afford to lose and the fear is gone.

XCANA

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Though, many are against the opinion as seen Bitcoin as a safe haven assets. Bitcoin is volatile in nature and with this nature many stood against it as being a safe haven asset. But, the truth of the whole thing is, the more the risk the more the profits. With this simple illustration, I considered Bitcoin as a safe haven assets than gold among others. I don't look at bitcoin volatility but always in consideration of my profits when holding or trading Bitcoin.
Everyone with their own opinion on bitcoin volatility, looking beyond this obstacles in bitcoin make it safe haven asset in my opinion.

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Quote from: jhonjhon on July 03, 2020, 02:44:37 AM

Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

If he wants to have a safe-haven asset, he can choose gold, and start to invest while the price of gold is not rising. Bitcoin will be still too volatile, and bitcoin have a high risk if he wants to invest his money in bitcoin. He should know that the risk will be there, and he needs to learn how to minimize the risk, so he can still make a profit. But if he can have the patience to wait for a long time, I think he can make a big profit from bitcoin, and we already saw it before. But still, we need to control ourselves if we have bitcoin because the price will always change every day.

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Quote from: jhonjhon on July 03, 2020, 02:44:37 AM

Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

It's you freedom to think and treat bitcoin, if you are positive that this industry will succeed more in the
future, you can start bagging more assets
then you'll just need to wait till everything pumped up and bring you value that you are aiming for your
good benefits.
The advancement still in progress and adoptions are now showing from places to places of the world, we
are unsure though but it's better to start storing then enjoy after.

jhonjhon

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Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

Latviand

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Quote from: erickastella on July 02, 2020, 06:45:11 AM

in my opinion, bitcoin has a good performance for now, people who buy bitcoin must understand very well about the risks, because it could be that when he bought it in the future bitcoin experienced a drastic decline, but despite so many people who like bitcoin, I am a bitcoin enthusiast but I didn't buy it with all my assets, I also bought a few stable coins.

Altcoins are good also if you want to manipulate other coins than bitcoin. But right now, I don't see any improvement in bitcoin's price due to this pandemic. I know that there are factors that affected it very much, that's why as soon as possible, I think of some other ways where I can make money and earn profits. Sometimes being a wise man when it comes to cryptocurrency will help you grow your assets as you know if the coin that you're holding is safe and will surely give you a bright future. Once bitcoin is in its high price, it will really make you successful enough. Just trust bitcoin and look for another way of finding sources of profit like altcoin investments or trading using cryptocurrency.

OgNasty

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Bitcoin is a speculative asset.

DoubleEdgeEX

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Not yet, but is has the potential to become one in the future. As for now, it´s an additional asset, one that can change the world or actually is. The thing with new things is, humans prefer their old-school, safe, way of doing things because of fear of uncertainty. The main advise is, never put all your eggs in one basket, never invest in a coin (or any other random asset) if you don´t know the details about it and never invest money you can´t afford to lose. As for Bitcoin, patience is needed. You might be down and losing in the short term but the long distance runner wins the game.

davis196

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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.

If you ask me,Bitcoin should NOT be a safe heaven asset.Bitcoin should be a fully functional currency used by millions of people in their daily life for purchasing goods and services both online and offline.
Unfortunately,the limited supply+volatile demand or Bitcoin leads to a high price volatility,which makes Bitcoin not very suitable for a functional currency.
We can decide whether or not Bitcoin is a safe heaven asset only after this recession ends,so we could analyze the Bitcoin price behavior during the entire recession.

KrisAlex18

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First things first, what are you definition about the word "safe haven"? we have all different perception about the definition of that word, for me, it's a thing that we can give our full trust whenever we want to do something but the thing is there is no safe haven asset in this crypto world, all cryptocurrency changes its price time by time, it's hard to believe because there are times that we get lost of our money because of believing so mich about cryptocurrency, we do invest and trading which results for being lost sometimes.

Quote from: rezakurnia66 on July 02, 2020, 06:17:08 AM

To me that in the year 2017, Bitcoin could reach its peak. So I'm sure if Bitcoin can return to its peak in the future.

Indeed, that year is the best year for all crypto users, its the time when the bitcoin price reaches so high which makes us earn so much money when we had invested our money before it started.

famososMuertos

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How much is your interest in bitcoin, in other words the security in bitcoin is measured by the size of the investment risk and its prompt return.

Bitcoin is safe in the long term, whatever the return you have (up-down) the risk is held by people who convert their Fiat money into bitcoin, with fear, and not as an investor, if they did it as an investment they knew that there is a level risk, by the way natural of the stock market or trade, not just bitcoin.

Bitcoin is an asset that every person who wants to invest or diversify their investment portfolio must have, but the best bitcoin has an investment range that starts from 1 satoshi, so start investing now!
Bitcoin's security lies in yourself, don't try to guess how much to invest, especially based on third-party results.

Negotiation

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I think the potential performance of Bitcoin is going to be better as the global recession intensifies. We can call Bitcoin a safe haven but Bitcoin is a volatile currency and its price always fluctuates. Therefore, depending on the market its price increases However the emergence of Bitcoin after the recession so if the demand for Bitcoin increases after the epidemic it will give much better performance Contributes to the development of the country's economy.

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