To be fair, BTC isn't really an investment used by investors. It's still a toy used by geeks, even our BTC speculators are just geeks with money to play with.
this is just not true.
Topic: Proof BTC has a way to go - NOT considered a safe haven - page 2. (Read 3071 times)
this is just not true.
Although the bitcoin lovers claim that one of the benefits of BTC is as a safe haven for your money, recent days events have no proved that.
While gold and swiss Francs have climbed, just look at BTC. Still hovering around the 13-14 mark. It's definitely not a safe haven currency yet and the lack of movement means I'm putting off using it as one e.g. hedge against the euro.
While gold and swiss Francs have climbed, just look at BTC. Still hovering around the 13-14 mark. It's definitely not a safe haven currency yet and the lack of movement means I'm putting off using it as one e.g. hedge against the euro.
In the past year gold has increased in value for 1 oz. from about $1160 to $1500 or so, an increase of about 30%.
In the past year a Swiss Franc has increased in value for 1 CHF from about $0.97 to about $1.20, an increase of about 24%.
In the past year bitcoin has increased in value for 1 BTC from about $0.005 to $14, an increase of about 280,000%.
Of course, the past is not a reliable guide for future investment, so do what you think is best.
While gold and swiss Francs have climbed
Climbed compared to what? My time? Moondust? Barbie dolls? USD?
Different things are important to different people. On the list of why I value BTC "safe haven" isn't even in the top 10
To be fair, BTC isn't really an investment used by investors. It's still a toy used by geeks, even our BTC speculators are just geeks with money to play with.
While gold and swiss Francs have climbed, just look at BTC. Still hovering around the 13-14 mark. It's definitely not a safe haven currency yet and the lack of movement means I'm putting off using it as one e.g. hedge against the euro.
Lack of movement! EVIL!
Too much movement! EVIL!
Although the bitcoin lovers claim that one of the benefits of BTC is as a safe haven for your money, recent days events have no proved that.
While gold and swiss Francs have climbed, just look at BTC. Still hovering around the 13-14 mark. It's definitely not a safe haven currency yet and the lack of movement means I'm putting off using it as one e.g. hedge against the euro.
While gold and swiss Francs have climbed, just look at BTC. Still hovering around the 13-14 mark. It's definitely not a safe haven currency yet and the lack of movement means I'm putting off using it as one e.g. hedge against the euro.
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