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Topic: So is Bitcoin a SAFE Asset? - page 2. (Read 3289 times)

hero member
Activity: 644
Merit: 500
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July 22, 2016, 10:02:24 AM
#90
Yes bitcoin is the safest assest as far as i know, because bitcoin is biggest assest right now in market, many and many people are keep changing their mind and attracting to bitcoins, day by day many countries are including these bitcoin as one of the payment method.BTC
legendary
Activity: 1218
Merit: 1007
July 22, 2016, 09:51:13 AM
#89
I don't think bitcoin and another cryptos coins are safe asset because they are place for Investment, So always make Investment with can lost it. Don't care about people's prediction there are not people who know about price of our assets next time.
Yeah, that's right because a having a lot of disadvantages like the price is volatile. and we always see in every place or section, the people is making a big deal with their prediction and really sure about their prediction. keep believing in our self.
Everyone makes a big deal and wants to show they're really really sure that their prediction is accurate because they want to tell everyone that they were right one time in the past and thus everyone should listen to them, regardless of whether or not their prediction was the first to be accurate after a dozen failed predictions. Just assume the market will keep moving, and it should be fine.
member
Activity: 85
Merit: 10
July 22, 2016, 09:49:45 AM
#88
yes bitcoin is a safe asset. with the acess to xpub key we have control on our bitcoin so it makes bitcoin safe asset
legendary
Activity: 3276
Merit: 1029
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July 22, 2016, 09:46:14 AM
#87
I don't think bitcoin and another cryptos coins are safe asset because they are place for Investment, So always make Investment with can lost it. Don't care about people's prediction there are not people who know about price of our assets next time.
Yeah, that's right because a having a lot of disadvantages like the price is volatile. and we always see in every place or section, the people is making a big deal with their prediction and really sure about their prediction. keep believing in our self.
legendary
Activity: 910
Merit: 1000
July 22, 2016, 08:24:57 AM
#86
I don't think bitcoin and another cryptos coins are safe asset because they are place for Investment, always there are high risk on it. So always make Investment with can lost it. Don't care about people's prediction there are not people who know about price of our assets next time.
legendary
Activity: 2814
Merit: 1112
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July 22, 2016, 08:09:01 AM
#85
yes i have fully trust on bitcoin and i can say that bitcoin is a SAFE asset.  and that is the reason that i have invested all my assets here in bitcoin. one of my friends sold his house to invest in bitcoin.

I think bitcoin is a safe investment when the "safe" here is theft, hacking. But if the "safe" here is the price I think bitcoin is not safe, because we know the price of bitcoin is still volatile and sometimes difficult to predict. And this is of course jeopardize your investment when bitcoin prices decline significantly. I think bitcoin is more suitable for long-term investment. And I think the safest investment right now is gold, although gold was little slow growth. Smiley Just my opinion thank you.
full member
Activity: 238
Merit: 100
July 22, 2016, 07:53:22 AM
#84
I read this article the other day: https://www.cryptocoinsnews.com/bitcoin-safe-asset/

Read it and come back here, let's discuss this question together.

Do u think Bitcoin is a safe asset?

The article defines it this way:
Quote
A safe asset is one people go to during uncertain economic times. In normal times, a safe asset is one that people hold despite a low return rate, possibly due to its use as a hedge, or liquidity characteristics.

How do u perceive the Bitcoin?

~CfA~
Going by the defination the article gives to safe asset that you quoted,bitcoin is not just safe but safest asset of this time.when chinese economy slowed down,they started iinvesting in bitcoin.Bitcoin was and is hold in many normal economies

Oh! that is why the Chinese love bitcoin and want it more in their country and maybe in the coming future their government give it a place in its kingdom for the state affairs, I think bitcoin will rise every nation, we should have to trust on bitcoin and have to invest in there freely without any fear.
i think not only chines the japanees the indian and the pakistani also so muchsure about it that bitcoin is a safe asset and that is the reason that we have invested our all assets in bitcoin. i thin it will be really helpful in future.
hero member
Activity: 742
Merit: 500
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July 21, 2016, 04:42:10 PM
#83
I read this article the other day: https://www.cryptocoinsnews.com/bitcoin-safe-asset/

Read it and come back here, let's discuss this question together.

Do u think Bitcoin is a safe asset?

The article defines it this way:
Quote
A safe asset is one people go to during uncertain economic times. In normal times, a safe asset is one that people hold despite a low return rate, possibly due to its use as a hedge, or liquidity characteristics.

How do u perceive the Bitcoin?

~CfA~
Going by the defination the article gives to safe asset that you quoted,bitcoin is not just safe but safest asset of this time.when chinese economy slowed down,they started iinvesting in bitcoin.Bitcoin was and is hold in many normal economies

Oh! that is why the Chinese love bitcoin and want it more in their country and maybe in the coming future their government give it a place in its kingdom for the state affairs, I think bitcoin will rise every nation, we should have to trust on bitcoin and have to invest in there freely without any fear.
legendary
Activity: 2688
Merit: 1026
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July 21, 2016, 04:04:38 PM
#82
I read this article the other day: https://www.cryptocoinsnews.com/bitcoin-safe-asset/

Read it and come back here, let's discuss this question together.

Do u think Bitcoin is a safe asset?

The article defines it this way:
Quote
A safe asset is one people go to during uncertain economic times. In normal times, a safe asset is one that people hold despite a low return rate, possibly due to its use as a hedge, or liquidity characteristics.

How do u perceive the Bitcoin?

~CfA~
Going by the defination the article gives to safe asset that you quoted,bitcoin is not just safe but safest asset of this time.when chinese economy slowed down,they started iinvesting in bitcoin.Bitcoin was and is hold in many normal economies
full member
Activity: 196
Merit: 100
July 21, 2016, 03:57:43 PM
#81
to me there is no doubt about this that bitcoin is a safest asset and i like my friends to invest their money if they are interesting to make some money in a very very short period of time.
sr. member
Activity: 252
Merit: 250
July 21, 2016, 01:57:50 PM
#80
yes i have fully trust on bitcoin and i can say that bitcoin is a SAFE asset.  and that is the reason that i have invested all my assets here in bitcoin. one of my friends sold his house to invest in bitcoin.
legendary
Activity: 1750
Merit: 1115
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July 21, 2016, 01:49:39 PM
#79
It is the most safe ont eh planet objectively since 1 BTC = 1 BTC and nobody can steal bitcoin from you, given that you take the required security measures. If you do that, nothing comes closer to the feel of knowing you own what you hold. Everything else depends on someone hoarding it for you.
Who said no body can steal bitcoins from you ? Bitcoin us not hacker proof.You're rambling completely in the opposite direction,OP meant safe as in "Safe from Investment point of view".Something like ,if the market crashes and prices fall below $5 again,would have been a nice example.

It's not safe at all because there is no insurance for Bitcoin.
You have insurance for the money in your pockets ?If you get robbed tonight,don't worry you should be getting the money back from your insurance banker anyway.


I don't think that bitcoin is a safe asset when it comes to it's value to money.  It is very volatile that maybe on the next week the money value of your asset will multiply by 10 or maybe worthless.  It is true that 1 btc = 1 btc but the comparison isnt on the currency alone.  There are lots of factor to consider. 
Yes if you compare it with fiat values,its a lot risky.Unfortunately you can't help it since most of the bitcoin is brought through fiat and it can't be a safe asset if the prices fall down even by the slightest margins.
legendary
Activity: 1148
Merit: 1048
July 21, 2016, 01:47:21 PM
#78
Bitcoin is definitely a safe asset, it will only appreciate not depreciate with time. Store it in a paper wallet and keep your private key, no one will steal it and you can always sell a coin anytime you are low on cash.

While bitcoin is much safer now than it was, it is still relatively volatile compared to more traditional assets, and subsequently carries more risk than an investment in say, Apple or Google.
Das
sr. member
Activity: 308
Merit: 250
July 21, 2016, 01:43:51 PM
#77
Bitcoin is definitely a safe asset, it will only appreciate not depreciate with time. Store it in a paper wallet and keep your private key, no one will steal it and you can always sell a coin anytime you are low on cash.
newbie
Activity: 5
Merit: 0
July 21, 2016, 12:55:00 PM
#77
It's not safe at all because there is no insurance for Bitcoin.
member
Activity: 97
Merit: 10
July 21, 2016, 01:19:26 PM
#76
I read this article the other day: https://www.cryptocoinsnews.com/bitcoin-safe-asset/

Read it and come back here, let's discuss this question together.

Do u think Bitcoin is a safe asset?

The article defines it this way:
Quote
A safe asset is one people go to during uncertain economic times. In normal times, a safe asset is one that people hold despite a low return rate, possibly due to its use as a hedge, or liquidity characteristics.

How do u perceive the Bitcoin?

~CfA~


Well, it's a new form of money, which doesn't have much of a history. And also, it depends on the internet. There's also the volatility of the price.

It may be considered safe because it's decentralized. The government can't play around wth the price of it.

I think people are putting their money into bitcoin now because they think that it's a good investment. And it may turn out to be a good investment.
legendary
Activity: 3052
Merit: 1281
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July 21, 2016, 11:31:59 AM
#75
I don't think that bitcoin is a safe asset when it comes to it's value to money.  It is very volatile that maybe on the next week the money value of your asset will multiply by 10 or maybe worthless.  It is true that 1 btc = 1 btc but the comparison isnt on the currency alone.  There are lots of factor to consider. 
legendary
Activity: 1148
Merit: 1000
July 21, 2016, 09:13:28 AM
#74
It is the most safe ont eh planet objectively since 1 BTC = 1 BTC and nobody can steal bitcoin from you, given that you take the required security measures. If you do that, nothing comes closer to the feel of knowing you own what you hold. Everything else depends on someone hoarding it for you.

1 BTC = 1 BTC is a great way to look at it but what's the point of having 10,000 BTC if you can't buy anything with it? That would be like saying you have 10,000 rocks in your backyard. The shops that accept BTC online don't actually hold on to it, it gets converted to dollars via BitPay etc before reaching them. If 1 BTC was only worth 1 BTC with no dollar value it wouldn't be worth anything. It's an asset with potential but I don't think it's a safe asset. I doubt even the most hardcore Bitcoiners out there would convert their life's savings to BTC and only hold BTC.
sr. member
Activity: 364
Merit: 250
July 21, 2016, 09:07:14 AM
#73
I think safe asset, because all my money into there a year ago but I felt risk at there, because some time the price dropped but in some point I earned a lot of profit from there. So how will we say that bitcoin is a safe asset?  Grin Grin
legendary
Activity: 3080
Merit: 1500
July 21, 2016, 09:04:33 AM
#72
The safe asset topic is relative. You consider various situations, the definition of safe will be different. So as bitcoin. It is a very high returning but intangible asset. You can only see your wallet but can't touch it unlike fiat money.

So, bitcoin is not as safe as fiat money to me. Yes, definitely bitcoin has value to me and I am accumulating more and more bitcoin from various sources every day. I have no intention to sell my bitcoin holdings in near future. Hence I am keeping my trust on it. But I have not stopped saving in my fiat currency.
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