The only safe haven currency is Bitcoin - page 6.

MFahad

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Quote from: Innerpumper on May 16, 2019, 03:19:46 AM

I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.

If you think that it is not secure, then you should see a huge people are investing on bitcoin, then some thing is secure thats'why we are here and ready to invest on bitcoin. So you should try it and control your fear from hacking bitcoin. No doubt hackers are here but we have a lot of secure ways to safe our bitcoins.

royalfestus

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Quote from: edisystem on May 16, 2019, 06:00:04 AM

1. Lol it's not that easy as you think, if war happened, do you think the bitcoin price will high? It will affect the bitcoin price for sure.

A lot of bitcoin will be lost if there was a war, though its a virtual coin that may not be directly destroyed but keys to such asset might be lost and access will be deprived. There is possibility for access to fewer coin which could increase the price.

sunilnagaraja1996

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yes, bitcoin is most safest coin and can't hack like a other coins because there in built that much stronger blackchain, bitcoin is got more popularity in the world.

kodtycoon

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Quote from: indrakusumaindra on June 02, 2019, 08:44:57 AM

Quote from: Yourhomeboy on May 16, 2019, 02:25:57 AM

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

Well i do doubt bitcoin would have value if big war broke out cause i believe the most precious things would be a primer needs such as water and clothes. second, i do agree that bitcoin is not controlled by a goverment and its good thing but still sometimes economy need to be controlled so no one could manipulate it and it does help poor people to have a decent life. Third i do think bitcoin also an asset and not act as currency cause its volatile and market are the one who decide the value.

yes if a big war happens that's the reason, but for wars that happen in just a few countries that are likely to still be able to evacuate to other countries, then using bitcoin is the main way to help them get out of the war and other reasons that will certainly agree and that's the truth

indrakusumaindra

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Quote from: Yourhomeboy on May 16, 2019, 02:25:57 AM

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

Well i do doubt bitcoin would have value if big war broke out cause i believe the most precious things would be a primer needs such as water and clothes. second, i do agree that bitcoin is not controlled by a goverment and its good thing but still sometimes economy need to be controlled so no one could manipulate it and it does help poor people to have a decent life. Third i do think bitcoin also an asset and not act as currency cause its volatile and market are the one who decide the value.

Ressurection

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I have invested in quite a couple of cryptocurrencies but i have come to the realization that bitcoin is one of the cryptocurrencies that you can hold for long and still be off a high value.

phamminhtan

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Bitcoin, which is a platform, aimed at a separate path for money, many countries want to provide a legal framework for easy management and find solutions to increase the security of bitcoin, for me at the time. Currently, bitcoin is still a high-level currency if you understand the nature of how to protect your assets safely.

jonaire99

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Bitcoin is known to be a volatile coin just like the other cryptocurrencies but its ability to recover after a sharp drop or prolonged bearishness is already proven in the so many of the investors use it as a safe haven currency. You can use it in transactions wherever you are as long as internet is available. Aside from bitcoin, there also some strong altcoins that you can rely for investment. These strong altcoins can go up even the bitcoin is in downtrend.

DatKing

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You have the control of your Bitcoin and it is a feature that most people want to have. Bitcoin is not like other currencies (e.g. dollar). It is a digital currency and it has many advantages because of that.

Thyristor

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Bitcoin is a safe coin it's true in several ways like this is mostly secure investment from other altcoins.
It's a king of digital currency this is another big dependable thing in the all sector.
Even it's only one coin i invested money without confusing mind because your invest always will be worth in every moment.

Freny250

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I think one of the reason ia because bitcoin can not be hacked unlike other altcoin. The price of bitcoin also is not as volatile as that of other altcoins. One can easliy execute transaction easily using bitcoin and people can easily use it to store value

Remainder

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Quote from: hahahafr on May 30, 2019, 06:44:44 PM

You got that right, Bitcoin is one of the cryptocurrencies that i invested into without regret and not even when it tanked way below $4k. I knew for sure it would rise all the way up again. Currently smiling at how high it has risen off late. Not selling till we go over another all time high!

I'm smiling as well, but not too happy as I still want to see it grow.

Well, I was here before the ATH and until now, so I have made some wrong decision not selling on peak but I can also say I made
a good decision not selling when BTC dump or when the bear market stays for a long period of time

I'm hoping now that we will reclaim the good price like before and we shall break to the new ATH.
Don't know when it will happen but this market movement seems telling me that it should not take long.

Gibreil

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Quote from: Yourhomeboy on May 16, 2019, 02:25:57 AM

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

Eventhough, Satoshi Nakamoto, the person who invented bitcoin did not yet known by the people, bitcoin still the safe and valuable cryptocurrency. I don't know why it is so very attractive to the investors as well as the traders. But for me, I buy bitcoin because I don't want to leave by the train. So instead of doubting, I always urge to buy it due to the experience and profits that bitcoin gave to me.

hahahafr

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You got that right, Bitcoin is one of the cryptocurrencies that i invested into without regret and not even when it tanked way below $4k. I knew for sure it would rise all the way up again. Currently smiling at how high it has risen off late. Not selling till we go over another all time high!

TimeTeller

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Quote from: adzino on May 30, 2019, 05:36:49 PM

True. This are some noteworthy points. During war, if the country is facing serious financial crisis, they can snatch away everything you own. After all, it is the government who owns all your property. But, since bitcoin and other crypto currencies are decentralized, they can not take your points at their own will or power. Again, this is a global currency with no boundary restriction. Hence, you can take it with you to somewhere else without any issue and use it (unless that country specifically banned crypto currencies).

Cryptocurrency are now a good option of storing your extra wealth.
Though I'm not saying here that invest all your savings in crypto but rather diversify your holdings.
You can manage your crypto (i.e. bitcoin) without the interference of other third parties.
So the OP has valid point on his statement, no matter what, you alone can dictate what's gonna happen with your bitcoin holdings.

adzino

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True. This are some noteworthy points. During war, if the country is facing serious financial crisis, they can snatch away everything you own. After all, it is the government who owns all your property. But, since bitcoin and other crypto currencies are decentralized, they can not take your points at their own will or power. Again, this is a global currency with no boundary restriction. Hence, you can take it with you to somewhere else without any issue and use it (unless that country specifically banned crypto currencies).

LUCKMCFLY

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It is very good the way to see the bitcoin market with that vision, but if in a war it will be very difficult to leave or use bitcoin if there is a fall on the internet or if there are faults in the electric power service, I think that The issue is very important, and new solutions must be generated for this type of event, either by enabling some type of satellite that allows communication and applying transactions, in this case it could be that of mining in the cloud, for that conbitcoin transactions do not stop.

batang_bitcoin

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It's because being considered now as a store of value and people are rushing to get it just like the gold rush way back years ago. I have always considered bitcoin as a safe haven rather than with any other altcoins. Though, I have some altcoin investments on held but still I consider bitcoin to be one of my biggest investment ever. Volatility is there and people who don't understand it will doubt on why bitcoin is the safest haven if they are going to start investing to crypto.

kawetsriyanto

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It might be true if Bitcoin is the most cryptocurrency digital asset and is very safe to invest or trade. However, there are several altcoins that I think are safe and promising. I am personally a fan of Bitcoin and strongly believe in this coin, however, I also enjoy several other altcoins, especially ETH and also Ripple. I think the two altcoins also need to be considered.

blackhawkeye1912

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Quote from: Haunebu on May 16, 2019, 03:12:03 AM

Quote from: Yourhomeboy on May 16, 2019, 02:25:57 AM

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments.

Right! Adoption is the main goal of bitcoin. In the first place it was designed to use as an another option for payments. But, due to the volatile nature of bitcoin, most people treat it as digital assets, treating it as gold.

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