Topic: So is Bitcoin a SAFE Asset? - page 6. (Read 3289 times)
btc is definately not a safe asset. gold is, btc is not.
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.
But of course as far as price goes, it fluctuates a lot but that is expected because the marketcap is still tiny.
Bitcoin is safe unless and until you are careless with your pass-phrase . keep your bitcoins in a desktop wallet and they will be save forever.
I read this article the other day: "Is Bitcoin A Safe Asset?"
Read it and come back here, let's discuss this question together.
Read it and come back here, let's discuss this question together.
Clickbait, along the lines of "Are Cats Smarter Than People?
" No, cat's aren't smarter than people & bitcoin isn't a safe asset. Nothing that goes up & down >20% a day could be considered a safe asset by a sane person, what a ridiculous question.
Bitcoin is very volatile. You will have a bad time to use it as a "safe asset". A safe asset is just something like index or mutual funds.
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.
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 don't think bitcoin a safe asset because volatility in price is so high at current stage and price is not only moving upward. Price has jumped like more than double in this 1 year period but we also shouldn't forget price going down from 1200$ range back to 200$ before within less than 1 year time period.
But for me bitcoin is a safe asset, as I have joined bitcoin and added all my money into there a month ago and I did not felt any risk at there, I yes at some time the price dropped but before that I earned a lot of profit from there, I think before the fall of the price I earned about 100% profit and when the price dropped I lost about only 15% , so how will we say that bitcoin is not a safe asset?
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:
How do u perceive the Bitcoin?
~CfA~
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~
It`s not safe for short periods and i wouldn`t say it`s safe for longer periods.
Bitcoin price isn`t very connected with the economical situation.During a crysis,btc price can go down.
Btc is always a risky asset,but this is good.
Using your definition of a safe asset then id probably have to say its not a safe asset because even in normal times which I'm not sure bitcoin even has any, price still varies wildly. Massive gains or losses are possible, i suppose if you bought in low enough its a safe asset though. Its the safest of the cryptocurrencys though.
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.
But of course as far as price goes, it fluctuates a lot but that is expected because the marketcap is still tiny.
Bitcoin is not a safe asset as in a store of value with a stable price attached to it. Not in the slightest actually. As it stands right now Bitcoin is a highly volatile commodity mostly used by speculators who mostly participate in pump and dump schemes thus the high fluctuation in price. I don't think Bitcoin is a stable asset in uncertain economic times, it's certainly a high risk-high reward venture that can make you win a lot or lose a lot. I wouldn't like my livelihood to depend on it and I am not investing all my worth into Bitcoin for now.
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:
How do u perceive the Bitcoin?
~CfA~
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~
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