So is Bitcoin a SAFE Asset? - page 5.

shinratensei_

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Quote from: Amph on July 05, 2016, 09:03:56 AM

gold is not safe either i remember the ath of gold was 2k per once, and then taked to 1k, you call this safe? ok it didn't happen over night but it happened

bitoin is not safe because it is not big enough, give it enough time to build a good capitalization and you will have a safer asset

You no need to consider about gold from their price but good assets is everything can defend from time and various conditions, like fiat money I sure if we at World war 2 fiat currency is become a trash is easy to destroy it. best assets are something can defend for any condition or time.

Kprawn

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Well, you can chose whatever option you like... Silver and gold and many other commodities that were perceived as a safe heaven or a safe asset as you put it, are not that safe. Most of these are

traded in an environment where your share is stored on a centralized service and it's proven that it is being manipulated. Take gold for instance... How much proof does the general public have that

the gold that they buy, actually exist somewhere? The last gold audit have not been done for years. See this : http://nsnbc.me/2013/04/18/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults-2/

So yes... what "asset" is safe these days?

jukka

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gold has been used as a currency thousands of years and btc is just couple of years old. you cannot really compare these when considering which is safe and which is not!

crairezx20

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Quote from: Odien on July 05, 2016, 09:02:33 AM

It's for me the saffest asset. The only one which is backed by no one in the world, no bank or government, but only by the people.

Bitcoin or me still not safe yeah amp also that gold is not safe almost everything are not safe.. but if you save your money into bank this is i think the safeist to save our money instead of investing it in bitcoin.. we dont know what will happen for bitcoin in the future..

iv4n

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Bitcoin is safe asset, and if we talk here about future many people agree that bitcoin have a nice future and big potential. In that case btc is very safe, maybe advantage of btc is that this is still beginning. Things can get much more serious, and people who bought coins will have good profit. We can see now how many people are earning money from daily trading, with btc and other crypto currencies. In my opinion bitcoin community will grow much more and with this price will go up.
One more advantage of btc is that you can buy some, and work for some, and in the end you can profit a lot. There is no minimum requirements, so people doesn't have to be rich to invest.

asriloni

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Quote from: thejaytiesto on July 05, 2016, 06:44:50 AM

Yes it's safe, as in your BTC will be the same amount of BTC and it will not get stolen from you unless you are incompetent in managing your own money.
But of course as far as price goes, it fluctuates a lot but that is expected because the marketcap is still tiny.

yeah your btc will be the same amount because it's not going anywhere but the equivalent amount to fiat would be slightly or heavily different,but the thing is people using bitcoin because it have value to fiat,and even your bitcoin amount still remain the same but the price just falling a lot it would be a problem

LiberOptions

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IMO, besides gold, Bitcoin is the safest asset you can hold. It is an asset that only the owner can control without having to rely on a third party to store it.

Hazir

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Bitcoin is hard to evaluate and give a clear verdict whether it is 'safe' or extremely shaky. Most people here are referring to hardcore bitcoin fluctuation of price as - 'unsafe'.
And that is true. We have market which is whimsical and uncertain. But we haven't seen behavior of bitcoin price in times of serious global economic crisis yet.
We need to remember that Bitcoin was born after Great crisis of 2007-2008 - maybe as answer to prevent such situation in the future.

Iceborn

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There is one thing i can tlell you and that is that the bitcoin is far from safe as you know there are allot of people who are scammed while they
used the bitcoin so he is not ver safe yet.

Sniper44

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Quote from: From Above on July 05, 2016, 06:08:59 AM

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~

first of all i have to say stop reading cryptocoinsnews website because they are certified bullshit news site that post anything to get the smallest of attentions.

and as for the safe asset i have to say that bitcoin is not the safest thing in the world but i like it so far and as far as investment goes you can make good profit from it if you invest wisely and in the right moment.

Bitcoinstalker.com

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Quote from: HI-TEC99 on July 05, 2016, 08:34:39 AM

Quote from: klaaas on July 05, 2016, 07:51:05 AM

Bitcoin is safe in the way that your account can't be frozen by the goverments or someone else.
The price still varies but will ripple out in the future , Yet it depents where you live and/or the local currenties in use if it usefull to use bitcoins as safe asset.

I consider it as safe as gold, and people usually buy gold as a safe asset. You can keep both assets out of the bank, and although Bitcoin's price fluctuates so does gold's price. Any definition of "safe asset" must be applicable to gold, and if it's applicable to gold it's applicable to Bitcoin.

By your definition, Etherium is a "safe asset" too Cheesy

Sure, all prices fluctuate, the question is how quickly and by how much. Bitcoin's price went up from $120 to $1200 in a couple of month, and dropped back down to $150 in a year. That's some serious fluctuatin'. The very definition of a high-risk asset.

Sir Alpha_goy

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Quote from: Amph on July 05, 2016, 09:03:56 AM

gold is not safe either i remember the ath of gold was 2k per once, and then taked to 1k, you call this safe? ok it didn't happen over night but it happened

bitoin is not safe because it is not big enough, give it enough time to build a good capitalization and you will have a safer asset

Ask Bitcoin about all the computer hardware used to enable the Bitcoin ecosystem.

I think if Bitcoin were a person it would say gold is safe.

Wink

Sir Alpha_goy

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Quote from: Sir Alpha_goy on July 05, 2016, 09:00:04 AM

Anything priced in fiat is not a safe asset.

I believe one of the core beliefs of BTC is that it is better than the fiat system we currently use and that BTC will replace fiat someday.

So if its value is derived from the fiat system then it is not safe by the Bitcoin community's own admission.

Most people that say Bitcoin is a safe asset more than likely own Bitcoin.

Take Bitcoin from their possession and their tune may change.

Paradigms are only as safe as the intentions of the investors.

Investors only want to make fiat currency appear in their wallets.

This means one day they will dump the "asset".

Only when enough hype can be generated to attract a liquidation pool.

Safe should be redefined as: When all investors know when the asset will be dumped by large investors.

If their is no transparency as to when this will happen then it is not safe.

On another note Juno has reached Jupiter....if that means anything to you then perhaps Bitcoin is safe.

Amph

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gold is not safe either i remember the ath of gold was 2k per once, and then tanked to 1k, you call this safe? ok it did not happen over night but it happened

bitoin is not safe because it is not big enough, give it enough time to build a good capitalization and you will have a safer asset

Odien

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It's for me the saffest asset. The only one which is backed by no one in the world, no bank or government, but only by the people.

philiveyjr

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Quote from: Sir Alpha_goy on July 05, 2016, 09:00:04 AM

Anything priced in fiat is not a safe asset.

I believe one of the core beliefs of BTC is that it is better than the fiat system we currently use and that BTC will replace fiat someday.

So if its value is derived from the fiat system then it is not safe by the Bitcoin community's own admission.

Completely agree with this thought process, as a matter of fact even altcoins come under the same thing, since their value is derived from bitcoins or USD itself, and hence cannot be considered a safe asset.

Sir Alpha_goy

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Anything priced in fiat is not a safe asset.

I believe one of the core beliefs of BTC is that it is better than the fiat system we currently use and that BTC will replace fiat someday.

So if its value is derived from the fiat system then it is not safe by the Bitcoin community's own admission.

philiveyjr

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Not at all a safe investment. The swings over the last few years should make that obvious. I have also seen bitcoin swings during any economic instability, so its clearly not safe.

Barbut

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What is safe today? Every investment have some risks, and that is a fact.
How much is bitcoin safe its hard to tell, for me personally it is. And even now when price is high people can buy and earn just from rise. When we take a look on early adopters and people who are in btc world from beginning, we can see how much they earned. They invested when risk was much higher in me opinion, and when risk is higher usually profit is also higher.
For some investment's people need to be brave, and sometimes all we need is to try. Bitcoin is not 100 % safe investment, but there is no 100 % safe investment in this times. Simply people need to choose what is best for them, but before that to try to inform about everything around.

HI-TEC99

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Quote from: klaaas on July 05, 2016, 07:51:05 AM

Bitcoin is safe in the way that your account can't be frozen by the goverments or someone else.
The price still varies but will ripple out in the future , Yet it depents where you live and/or the local currenties in use if it usefull to use bitcoins as safe asset.

I consider it as safe as gold, and people usually buy gold as a safe asset. You can keep both assets out of the bank, and although Bitcoin's price fluctuates so does gold's price. Any definition of "safe asset" must be applicable to gold, and if it's applicable to gold it's applicable to Bitcoin.

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