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Title: The only safe haven currency is Bitcoin Post by: Yourhomeboy on May 16, 2019, 07:25:57 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. Title: Re: The only safe haven currency is Bitcoin Post by: CryptoBry on May 16, 2019, 07:44:31 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. Bitcoin and the rest of the cryptocurrency platform is presenting us a different kind of alternative for wealth keeping. Indeed, just like the physical gold this can be a safe haven during difficult times but unlike the real gold there is no need to hide it somewhere but just in our digital wallets or even hardware wallets which we can just pick up anytime anywhere. Of course, the physical gold also has its own advantages but for now the focus is with bitcoin because of its big potential to be the game-changer we are all waiting for. As to why some governments are classifying bitcoin as a property rather than a currency, that is their call and prerogative we are all biased anyway and we have different perspective with things. Title: Re: The only safe haven currency is Bitcoin Post by: Haunebu on May 16, 2019, 08:12:03 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.Title: Re: The only safe haven currency is Bitcoin Post by: Innerpumper on May 16, 2019, 08:19:46 AM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.
Title: Re: The only safe haven currency is Bitcoin Post by: Alpha0One1 on May 16, 2019, 08:24:57 AM Bitcoin exist in the internet and is somewhere in between currency (currency is not money since it devaluates over time) and gold (the only real money since ancient times).
It might soon be classified as a different asset class, Crypto Asset, since it has proven to be a good store of value for the past 10 years of it's existence. Title: Re: The only safe haven currency is Bitcoin Post by: Yourhomeboy on May 16, 2019, 08:38:24 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.Yeah Bitcoin is just few years away from getting to the brink of all the struggle we have been pushing, am 100% sure it won't be a catastrophic end. But I wonder why people ain't saying anything about Bitcoin even at this stage of 8k seems FUD is still their problem about btc Title: Re: The only safe haven currency is Bitcoin Post by: Pursuer on May 16, 2019, 08:38:28 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.there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban. Title: Re: The only safe haven currency is Bitcoin Post by: Kocret02 on May 16, 2019, 08:42:53 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. the first point is better for bitcoin owners, if in their country they are involved in a conflict they can save themselves and leave the country to continue to survive using bitcoin. bitcoin has a function like this and is the safest.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. Title: Re: The only safe haven currency is Bitcoin Post by: mindrust on May 16, 2019, 08:47:11 AM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. You are probably mistaking the exchange hacks for hacking bitcoin itself. Nobody ever hacked a bitcoin address till now unless it is the own fault of the person who created the wallet in a stupid way or used insecure devices to store his coins. Bitcoin itself is very secure if you know what you are doing. Title: Re: The only safe haven currency is Bitcoin Post by: Yourhomeboy on May 16, 2019, 08:57:45 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.there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban. Title: Re: The only safe haven currency is Bitcoin Post by: arbiter5 on May 16, 2019, 09:36:27 AM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. If bitcoins are stolen though an unsecure exchange, then the problem is with the exchange, not with bitcoin. Leaving non-trading funds on exchanges is as stupid as leaving your valuable belongings on a mall's baggage counter.Title: Re: The only safe haven currency is Bitcoin Post by: Pursuer on May 16, 2019, 09:39:35 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.there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban. I am not sure where you are getting these things from but none of what you said is correct. China doesn't have 80% of bitcoin mining, it is barely 20% and they have never banned bitcoin to force their citizens to use VPNs. they just closed exchanges that were doing illegal stuff such as money laundering. Title: Re: The only safe haven currency is Bitcoin Post by: mk4 on May 16, 2019, 09:44:13 AM isn't it wiered that China has 80% of bitcoin mining, yet they banned Bitcoin and their citizens would have to use VPN to purchase what their country mine themselves. It can be a tactical move to trick the world. Can you give us your source on the 80% claim? Also, just to make it clear for you in case you misunderstood this, not because a person is using Antpool(China based mining pool), it doesn't automatically mean that the miner is from China. Title: Re: The only safe haven currency is Bitcoin Post by: YuginKadoya on May 16, 2019, 10:26:31 AM Many will surely say the same thing Bitcoin is the only Cryptocurrency where you can be sure that if you invest in it, It will not go to waste even in a bear market situations it will not turn to zero, Many in the community did prove it and I am also one of them that it is really a Coin of tomorrow, Well If you don't own a cryptocurrency you should invest first in Bitcoin or trade in it, before engaging trades with other cryptocurrency.
Title: Re: The only safe haven currency is Bitcoin Post by: Yourhomeboy on May 16, 2019, 10:32:38 AM isn't it wiered that China has 80% of bitcoin mining, yet they banned Bitcoin and their citizens would have to use VPN to purchase what their country mine themselves. It can be a tactical move to trick the world. Can you give us your source on the 80% claim? Also, just to make it clear for you in case you misunderstood this, not because a person is using Antpool(China based mining pool), it doesn't automatically mean that the miner is from China. Title: Re: The only safe haven currency is Bitcoin Post by: Yourhomeboy on May 16, 2019, 10:35:04 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.there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban. I am not sure where you are getting these things from but none of what you said is correct. China doesn't have 80% of bitcoin mining, it is barely 20% and they have never banned bitcoin to force their citizens to use VPNs. they just closed exchanges that were doing illegal stuff such as money laundering. Title: Re: The only safe haven currency is Bitcoin Post by: Duzter on May 16, 2019, 10:48:26 AM Rather than the reasons quoted by the Op there were more and more reasons to consider bitcoin the safe haven. Op has given importance to Litecoin other than bitcoin which is purely based on the working algorithm which is similar to bitcoin. Very few currencies like ethereum, Litecoin only have got the regular usage access other than bitcoin. This is where bitcoin gains importance, and most of the top listed cryptocurrencies can be preferred as a safe haven currency if one can hold it safe.
Title: Re: The only safe haven currency is Bitcoin Post by: bhabygrim on May 16, 2019, 10:57:08 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. There is a lot of crypto currency around not just Bitcoin and most of the crypto currency is decentralized so no one controls it,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 not just the governments but also most of the investors of crypto are seeing it as a property or asset not as a currency, They want to use it as an investment not as a currency to be used to pay for any online transactions. Title: Re: The only safe haven currency is Bitcoin Post by: edisystem on May 16, 2019, 11:00:04 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.
2. Actually there are so many altcoins that are not controlled by government or bank, not only bitcoin. 3. Well, i think it takes time for the government to accept bitcoin as a currency. Title: Re: The only safe haven currency is Bitcoin Post by: Nadziratel on May 16, 2019, 11:01:33 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. While the bitcoin price is moving, the altcoins are completely unsafe. This is true for all of them. And nowadays, Bitcoin is looking for a place to rest for a while. Altcoin investments are always risky until it find that point. Don't act without thinking. Title: Re: The only safe haven currency is Bitcoin Post by: maydna on May 16, 2019, 11:37:11 AM Because people cannot buy something with bitcoin, I mean not all country allow people to use bitcoin for making the payment. But people can use bitcoin as the investment like saving gold and the other type of investment. But once bitcoin become a new currency, then the government will not classify as property only because in that time, bitcoin will transform the function to become wider than before.
And with bitcoin, people will not have a difficult to go somewhere while they can carrying bitcoin in their wallet. People can have their own money without paying any tax, and they can use bitcoin for the investment type and also as the currency so they can use bitcoin to make a transaction. Title: Re: The only safe haven currency is Bitcoin Post by: joshy23 on May 16, 2019, 11:58:43 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.there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban. china's positions is still doubtful as they are speaking differently from what they've really acting, for sure they've something hidden behind. Title: Re: The only safe haven currency is Bitcoin Post by: salty on May 16, 2019, 12:06:32 PM 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. This of course will affect the price,but nevertheless Your 1 bitcoin will still remain 1 bitcoin.Therefore, having bitcoin in your wallet, You can not worry about the safety of your assets.Title: Re: The only safe haven currency is Bitcoin Post by: MonsterV on May 16, 2019, 12:26:36 PM 3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency. It's just a matter of perspective, how one understands bitcoin. Maybe most governments don't know bitcoin and only see what the news media reports that bitcoin is a future asset. And this is not spared because the bitcoin capital that is increasing every year, people use it as an investment field even though the creation of bitcoin is not for that. So the conclusion we can assume is that bitcoin is a versatile digital currency that brushes aside the world's financial problems. Title: Re: The only safe haven currency is Bitcoin Post by: annango on May 16, 2019, 12:36:30 PM 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.there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban. Title: Re: The only safe haven currency is Bitcoin Post by: Indamuck on May 16, 2019, 12:47:36 PM Gold and other precious metals are still viable options. They have been valuable for centuries and will continue to hold value. Bitcoin is still very speculative and we don't know where it will be in the far future. Also if there is a complete breakdown of infrastructure I doubt we will still have internet access.
Title: Re: The only safe haven currency is Bitcoin Post by: aly on May 16, 2019, 01:14:54 PM Yes definitely the most reliable crypto currency Bitcoin. Alternatively, Litecoin may be considered. In addition, it is necessary to remember that having and protecting Bitcoins is a laborious task, and there is a high probability of being lost or stolen.
Title: Re: The only safe haven currency is Bitcoin Post by: wambowambo on May 16, 2019, 01:20:16 PM Many will surely say the same thing Bitcoin is the only Cryptocurrency where you can be sure that if you invest in it, It will not go to waste even in a bear market situations it will not turn to zero, Many in the community did prove it and I am also one of them that it is really a Coin of tomorrow, Well If you don't own a cryptocurrency you should invest first in Bitcoin or trade in it, before engaging trades with other cryptocurrency. I think that's true. Given that Bitcoin was the pioneer cryptocurrency in crypto market we can't deny the fact that it was widely known and used in different country and in different aspects which tend for us to recognized it and see how far Bitcoin can do. Bitcoin was introduced to me by my friend last 2017 and up to now I am still seeing the capabilities that the Bitcoin possessed, though we can say that some alternative coin was indeed competitive enough to run with Bitcoin but given the fact that it was just second to it, people will still look up to the pioneer cryptocurrency which was Bitcoin which allows us to experienced the opportunities and advantages that a Blockchain technology is offering. Title: Re: The only safe haven currency is Bitcoin Post by: HODL2090 on May 16, 2019, 01:26:49 PM It not so. Even bitcoin hurts, the only safe heaven is to be smart and observant
Title: Re: The only safe haven currency is Bitcoin Post by: Inkdatar on May 16, 2019, 01:56:22 PM Yes definitely the most reliable crypto currency Bitcoin. Alternatively, Litecoin may be considered. In addition, it is necessary to remember that having and protecting Bitcoins is a laborious task, and there is a high probability of being lost or stolen. This is why we should be keep safe our bitcoin to avoid lose. Safe to have bitcoin as the most useable crypto these days and popular than any other coins. As bitcoin also use to pay for online transactions and mostly investment as others can get profit in bitcoin once price increase. Title: Re: The only safe haven currency is Bitcoin Post by: George Alex on May 16, 2019, 02:03:56 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. The aim was to bring financial freedom and world to own one currency which is transactable instantly across the world and reduce bureaucratic procedures an kill third parties but not only bitcoin there are other cryptocurrencies which are at least stable to keep Despite that Crypto may finance different unregulated activities the issues is how to avoid disaster which bitcoin and cryptocurrency will lead 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. Title: Re: The only safe haven currency is Bitcoin Post by: Mariorode on May 16, 2019, 02:06:38 PM I think that for Bitcoin to really become a "safe haven" the price should first become more stable. No currency is a safe haven if its price could fall 20% overnight.
Title: Re: The only safe haven currency is Bitcoin Post by: izanagi narukami on May 16, 2019, 02:07:36 PM Remember guys, when everything gone online, it's hackable.
That's the serious risk especially when there are still we heard news about hacked exchange ( binance for example ) Bitcoin still consider as aset just like gold but it have advantage like fiat Title: Re: The only safe haven currency is Bitcoin Post by: emberbekas on May 16, 2019, 02:19:45 PM 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. Crypto currencies provide convenience in many ways, especially when we deal on transactions with people who are outside our country. Crypto currencies make transactions between countries simpler. Title: Re: The only safe haven currency is Bitcoin Post by: target on May 16, 2019, 02:32:49 PM Its the very safe crypto to store your money but its not just BTC like OP said LTC is also safe and among others there are more alternative to it. Its been in a development and on its way, it would be pointless if they weren't safe as well. Its not just BTC that isn't controlled by government. You just can't discredit the rest because they too have values in USD. Title: Re: The only safe haven currency is Bitcoin Post by: sinta23 on May 16, 2019, 03:46:38 PM if bitcoin is the best safe haven currency, of course bitcoin is the best payment currency, if the government considers btcoin as a property. of course they are afraid that the paper currency will be replaced by crypto
Title: Re: The only safe haven currency is Bitcoin Post by: Leonardo7 on May 16, 2019, 03:52:06 PM Yes, very portable to take around as long as we have our device intact and the internet is present( although I heard of some work going on to send bitcoin without the internet, but still need the internet for confirmation). It's equally a good store of value. Since my country has been singing about a cashless economy, this would have been a perfect moment to get it working, but my government is neutral on cryptocurrency.
Title: Re: The only safe haven currency is Bitcoin Post by: Yourhomeboy on May 16, 2019, 04:49:09 PM 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.there isn't only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban. china's positions is still doubtful as they are speaking differently from what they've really acting, for sure they've something hidden behind. Title: Re: The only safe haven currency is Bitcoin Post by: Yourhomeboy on May 16, 2019, 04:51:24 PM if bitcoin is the best safe haven currency, of course bitcoin is the best payment currency, if the government considers btcoin as a property. of course they are afraid that the paper currency will be replaced by crypto it's gonna happen soon, the truth is that most people in the world have not understood how it works, that's why it has not gone rampart but no hope lost am counting on the upcoming kids, they are more internet wiser than we are.Title: Re: The only safe haven currency is Bitcoin Post by: Joyawan13 on May 16, 2019, 05:28:48 PM yes, indeed until now bitcoin is a crypto currency that has the highest price compared to others, we can see price developments that are now starting to rise even higher, in my opinion it indicates that there are still many people who want and have bitcoin to be used as investments or used as trade, and although making transactions using bitcoin is very expensive compared to other crypto currencies, many people choose to use bitcoin to use transactions, so it's not wrong for example we assume that bitcoin is a promising crypto currency for the future.
Title: Re: The only safe haven currency is Bitcoin Post by: Adriano2010 on May 16, 2019, 05:38:27 PM Bitcoin is a good option to store money and overtime can get a profit, and even if something happen with fiat money bitcoin can save if store and hold, and can be used to pay if is accepted on shops.
Title: Re: The only safe haven currency is Bitcoin Post by: minersday on May 16, 2019, 08:20:54 PM I disagree with you on the fact that you think Bitcoin is the only safe haven currency (cryptocurrency). Ethereum and other well developed crypto coins have good credentials which also makes them a safe haven currency because they also present decentralized platforms free from central authorities controlling how things are done or transactions made on the platforms.
Title: Re: The only safe haven currency is Bitcoin Post by: Xalata on May 16, 2019, 08:57:19 PM haha...well you have a point about the fact that investing into bitcoin is always a good investment decision. This is so because there a huge number of investors who are into bitcoin investment and this makes its price increase and decrease constanly. You just have to position yourself at a vantage point during its cycle of volatility.
Title: Re: The only safe haven currency is Bitcoin Post by: stfN2128 on May 16, 2019, 09:05:50 PM It's not only about bitcoin itself, the most cryptos are giving you freedom.
I like this article written by the new york times, a citizen of venezuela is talking about how bitcoin has saved him and his family during the hyperinflation. https://www.nytimes.com/2019/02/23/opinion/sunday/venezuela-bitcoin-inflation-cryptocurrencies.html Just share it as much as you can... most people cannot imagine that this could ever happen to them but.... nowadays nothing is safe. Title: Re: The only safe haven currency is Bitcoin Post by: BlackFor3st on May 16, 2019, 09:23:48 PM Yes bitcoin have plenty of advantages that is very helpful to each and everyone of us who really support bitcoin from the start of it's discovery until now.
Many are buying bitcoin already and as you can see the price is keep on increasing though there are a little drop but in the following days it will increase again. I haven't invested LTC in the past but I am sure LTC has a future especially that it belongs to the top 10 in coinmarketcap. Title: Re: The only safe haven currency is Bitcoin Post by: coin-investor on May 16, 2019, 09:57:13 PM 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. All your points are correct, but only a few people are realizing this if they do they will keep buying Bitcoin, the bubble stuff theory keeps them from taking hold of Bitcoin, that's because they keep listening to these so-called experts, who are all part of the government to prosecute Bitcoin. Title: Re: The only safe haven currency is Bitcoin Post by: Oceat on May 16, 2019, 10:16:17 PM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. You can say it's not but that is mainly the people's problem whether they have to leave their Bitcoin on any exchange which is allowing the hacker to give your Bitcoin on them once they hacked the exchanges. But if you know how to deal with this, you should have taken that remaining Bitcoin on any exchanges that you used and put it on your hardware wallet and viola your Bitcoin is safe with you unless you give your private key to someone.Title: Re: The only safe haven currency is Bitcoin Post by: Palmaper on May 16, 2019, 10:19:57 PM 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. In fact, all these attributes are common to most legitimate cryptocurrencies, so it does not seem appropriate to use these characteristics as the main advantages to prefer bitcoin. However, compared to the rest of the cryptos, bitcoin has proven to be a safe and reliable store of value, and perhaps justifiably the most coveted of all the cryptocurrencies so far. Still, I reserve my doubts about how useful bitcoin could be in case of a great war on a global scale... :-[ Title: Re: The only safe haven currency is Bitcoin Post by: muratsink on May 16, 2019, 10:23:46 PM because the government is not ready to adopt BTC as a currency. there are many reasons and different :
1. the government sees the extream volatility. 2. The government sees that BTC is only bubbles and Ponzi. 3. The government sees public conditions that are not ready to accept BTC and crypto. 4. The government considers that BTC is a threat to the national currency. so they choose to create new electronic currencies and banns crypto activity. Title: Re: The only safe haven currency is Bitcoin Post by: muratsink on May 16, 2019, 10:30:03 PM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. You can say it's not but that is mainly the people's problem whether they have to leave their Bitcoin on any exchange which is allowing the hacker to give your Bitcoin on them once they hacked the exchanges. But if you know how to deal with this, you should have taken that remaining Bitcoin on any exchanges that you used and put it on your hardware wallet and viola your Bitcoin is safe with you unless you give your private key to someone.Title: Re: The only safe haven currency is Bitcoin Post by: Gi01 on May 16, 2019, 11:59:06 PM 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. These are very true. Bitcoin makes it possible for you to use at any part of the world you find yourself. Bitcoin is the true definition of financial freedom. Bitcoin is so far the most trusted and secure financial entity in existence so far. Title: Re: The only safe haven currency is Bitcoin Post by: nydiacaskey01 on May 17, 2019, 12:13:17 AM 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. If you look at it that way then yes its easy to move you Bitcoin from one place to another in times when war broke out, but what will happen if there's no access to electricity and internet? There's pros and cons if we put all our money in Crytocurrency that's why its better if we spread our money in different investments.Title: Re: The only safe haven currency is Bitcoin Post by: marcbitcoins on May 17, 2019, 12:26:09 AM I will disagree to your claim for the word "only" as during the world war Bitcoin will become useless as we cannot do transactions anymore because internet and communications cells will be destroyed during the conflict unlike gold and money still can be use anytime in anywhere for food and temporary shelter.
Title: Re: The only safe haven currency is Bitcoin Post by: jademaxsuy on May 17, 2019, 02:00:06 AM Yes, indeed i could.not disagree as a newbie the only safest crypto that I can afford to.invest is bitcoin only. No doubt about it because this is the first digital currency or crypto.being.invented or created by the founder Satoshi Nakamoto and altcoins just means alternative coins. So, if there are newbies out there that wishes to invest in cryptocurrency then chose BTC (BITCOIN) as much as possible.
Title: Re: The only safe haven currency is Bitcoin Post by: shesheboy on May 17, 2019, 02:05:01 AM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. You can say it's not but that is mainly the people's problem whether they have to leave their Bitcoin on any exchange which is allowing the hacker to give your Bitcoin on them once they hacked the exchanges. But if you know how to deal with this, you should have taken that remaining Bitcoin on any exchanges that you used and put it on your hardware wallet and viola your Bitcoin is safe with you unless you give your private key to someone.Title: Re: The only safe haven currency is Bitcoin Post by: Siren on May 17, 2019, 02:10:51 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. Then what if there’s a total blocking’s of internet when the war happens?then how can you access the bitcoin and how to convert to fiats for withdrawal?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. Maybe this is something to have answers Quote 2) The only one Currency not controlled by a government or bank. In this I agrees since that’s why we are all here for this privacyQuote 3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency. Because of us treating bitcoin as property,look how many of us using bitcoin s what this is must?you can only find more holders than paying Quote My advice is keep buying Bitcoin and don't look back. Also don't forget LTC. And what about LTC?what does the importance towards bitcoin? Title: Re: The only safe haven currency is Bitcoin Post by: uneng on May 17, 2019, 02:19:06 AM I will disagree to your claim for the word "only" as during the world war Bitcoin will become useless as we cannot do transactions anymore because internet and communications cells will be destroyed during the conflict unlike gold and money still can be use anytime in anywhere for food and temporary shelter. It's true, without internet bitcoin is nothing. There isn't a physical value for btc, because it doesn't exist on the reality, that is why gold, other metals and gems are superior to any virtuals goods. But keep in mind even fiat can become worthless in a war scenario;In times like that currencies become very useless, being crypto currency or not. Title: Re: The only safe haven currency is Bitcoin Post by: sopanbmp on May 17, 2019, 04:30:56 AM Bitcoin it's only a currency we all know that, Blockchain is the technology, you said "Bitcoin is the safest" I don't think so! there are so many innovation show up in 2019.
Privacy coin is the safest in my opinion. the time is running, the development of Blockchain is getting better and better than before. Title: Re: The only safe haven currency is Bitcoin Post by: maxreish on May 17, 2019, 06:41:15 AM 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. With the use of electronic wallet or mobile phone, yes of course it would become very useful when unexpected military war has started. But not all hodl some bitcoins and not all are aware that bitcoin existed. That is why it is still easy if you carry your physical cash or ATM cards with you.Quote 2) The only one Currency not controlled by a government or bank. It's decentralized and don't need third party like banks or governments. That is the advantage of bitcoin.Quote 3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency. Any source? Some governments considered bitcoin as a digital currency only or some kind like paypal and an investment at the same time. Since most of them did not yet want to accept it, we just have to be contented on what's it's current use like digital payments, etc. Time will come that they will give considerations to bitcoin. Title: Re: The only safe haven currency is Bitcoin Post by: Abhijeetcg on May 17, 2019, 06:50:12 AM Bitcoin is a digital gold. It has many use cases than any other existing technology. You can consider Bitcoin as an asset, store of value, for making payments, a perfect replacement for existing financial ecosystem, soon you will be able to receive loans and you can implement Bitcoin's core technology Blockchain in almost every sphere of our society. Then what else we need.
As Fiat currency, which is a mass printing currency by government, will soon become useless price of paper. This is the right time to buy and hold Bitcoin. If you buy it now, then you will secure you retirement plan. Title: Re: The only safe haven currency is Bitcoin Post by: Abhijeetcg on May 17, 2019, 06:56:32 AM Yes bitcoin have plenty of advantages that is very helpful to each and everyone of us who really support bitcoin from the start of it's discovery until now. Really sir, Bitcoin was created to provide financial freedom from the existing cruel financial ecosystem. The government's Fiat money is losing its value and will soon become a worthless piece of paper. This is the best time to accumulate Bitcoin. Bitcoin is a digital gold. Many are buying bitcoin already and as you can see the price is keep on increasing though there are a little drop but in the following days it will increase again. I haven't invested LTC in the past but I am sure LTC has a future especially that it belongs to the top 10 in coinmarketcap. Title: Re: The only safe haven currency is Bitcoin Post by: EdenHazard on May 17, 2019, 10:32:59 AM I hope there is no ward in the world mean war that use weapons to kill and bombs to destroy because it's not time to make it happen. Indeed, bitcoin can be use as a currency because we can buy a stuff using bitcoin as long as there is merchant who accept it. But if not maybe we can change our money to money fiat to use it and this is a simple way. Also, bitcoin can be use as a safe place to save our wealth, we have to move our money fiat to bitcoin if there inflation comes. However, we still have a government which can make our strategy destroyed. They have policies that must be obeyed by us because if not we must ready with all future threats. Just keep your money on bitcoin and save it in a safe place sooner or later government will be aware of bitcoin.
Title: Re: The only safe haven currency is Bitcoin Post by: TheKeyLongThumbI on May 17, 2019, 11:37:48 AM As long at is not banned in your country, yes it is. Because if the government treated it an illegal currency then they will confiscate it for sure and then you'll get in prison if you are very unlucky. So if that is the scenario, you better not tell anyone about it and the one you call a safehaven can put you to hell anytime. Or just get out of that country and enjoy earning in bitcoin.
Title: Re: The only safe haven currency is Bitcoin Post by: Yourhomeboy on May 18, 2019, 02:14:28 PM As long at is not banned in your country, yes it is. Because if the government treated it an illegal currency then they will confiscate it for sure and then you'll get in prison if you are very unlucky. So if that is the scenario, you better not tell anyone about it and the one you call a safehaven can put you to hell anytime. Or just get out of that country and enjoy earning in bitcoin. same way if someone is in a country where bitcoin is banned, they can move to a country where bitcoin is legalized and continue earning in Bitcoin, because it's the best way to earn money.Title: Re: The only safe haven currency is Bitcoin Post by: kaya11 on May 18, 2019, 02:21:54 PM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. Only on exchanges though, and it is your own fault to phished too if ever that happens, we should be vigilant in terms of our assets, this is money we are talking and we can't talk and act lightly about it. And last thing is as of now it is not hack-able if it is on your wallet (cold wallet), I have never heard such things as of now. Title: Re: The only safe haven currency is Bitcoin Post by: serjent05 on May 18, 2019, 02:31:13 PM 3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency. Quote Understanding currencies Money, or essentially any fiat currency (such as USD, GBP or EUR) should satisfy three key criteria: It should function as a medium of exchange, It should be a unit of account, and A store of value. Although Bitcoin has some of the attributes listed above, it most definitely fails to meet them all. Let us take a look at them one by one. Medium of exchange We most probably have to agree with this one as more and more merchants are starting to accept Bitcoin as a payment option (Google has launched its payments API with Bitcoin, Amazon is rumored to soon start accepting payments in Bitcoin, etc). Moreover, the network of Bitcoin ATMs and the number of Bitcoin Payment Cards is growing constantly, which makes this crypto similar to our beloved fiat. However, this is only one side of the coin. In fact, the most popular cryptocurrency performs quite poorly as a medium of exchange. This is fundamentally due to high volatility, which makes it inconvenient and impractical to denominate goods or services in Bitcoin. For example, at the beginning of the day you might price your MacBook at 1 BTC, but due to daily fluctuations (that can range up to 30 to 40 percent), at the end of the day it should cost 1.5 BTC. To put this into perspective, the daily exchange rate between USD and EUR is on average 1 to 3%. Unit of account In economics, a unit of account denotes a nominal monetary unit of measure or currency used to represent the real value of any economic item such as goods, services, assets or liabilities, income, expenses. Again, referring only to volatility, we can understand that Bitcoin does not satisfy this criterion. Another important point to consider is that no lenders use Bitcoins as the unit of account for such things as consumer credit, loans or mortgages, nor are credit or debit cards denominated in Bitcoin, per se (you can spend your Bitcoin, but the real transactions happen in fiat since the digital currency is sold on the back-end). Store of value The last trait that should be found in any currency is probably the only one that fits Bitcoin the best. https://cointelegraph.com/news/bitcoin-not-currency-never-will-be-expert-blog Well Bitcoin fell short on the two category for now, namely medium of exchange due to the high volatility and unit of account since majority of institution does not consider bitcoin to represent real value of the given example on the quoted message, I believe in due time Bitcoin will be considered as one of the major currency of the world we just need to wait since Bitcoin development never stop. Title: Re: The only safe haven currency is Bitcoin Post by: Qurelal on May 18, 2019, 02:40:44 PM I am so upset about investing in altcoins and never had trust in BTC.
Now they are the richest traders. How can I invest in vitcoin now when the price is so big? Title: Re: The only safe haven currency is Bitcoin Post by: Apes on May 18, 2019, 03:33:33 PM only people who truly understand cryptocurrencies certainly consider it a safe digital asset. most of ordinary people consider the opposite because of negative coverage news and lack of cryptocurrencies understanding. besides BTC and some Alt can also be considered as a quite safe coin for example ETH. and indeed in some countries cryptocurrencies are legal and are actually considered digital assets. and there are many other reasons that make cryptocurrency worth for investment.
Title: Re: The only safe haven currency is Bitcoin Post by: Mike Mayor on May 30, 2019, 01:01:18 PM My top choices for safe haven currencies and I am currently holding Btc naturally. Eth because tokens need it and its great for smaller transactions when paying a couple $ in btc to move slightly more then that is out of the question and you use eth. Then doge because it is cheap to withdraw from exchanges and is becoming a more widely accepted method of payment among many websites and payment processors. I just used some doge the other day to pay for something online. Very fast transaction and it cost me half a cent to send $12 Eth would be 10-40 cents and btc a a couple of $$ sometimes.
Title: Re: The only safe haven currency is Bitcoin Post by: suryati on May 30, 2019, 01:25:54 PM only people who truly understand cryptocurrencies certainly consider it a safe digital asset. most of ordinary people consider the opposite because of negative coverage news and lack of cryptocurrencies understanding. besides BTC and some Alt can also be considered as a quite safe coin for example ETH. and indeed in some countries cryptocurrencies are legal and are actually considered digital assets. and there are many other reasons that make cryptocurrency worth for investment. yes I agree with you, only people who understand cryptocurrencies think that altcoin is an investment that can provide maximum benefits, but people who don't understand cryptocurrencies most people think altcoin is a digital currency that has very fluctuating prices and is very risky. Title: Re: The only safe haven currency is Bitcoin Post by: CryptoBry on May 30, 2019, 01:58:14 PM 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.Bitcoin can be classified as both asset or property and as currency because it can function both. Now, why would many governments classify it as an asset? Primarily because they can easily tax it when taken as a property even if the money function is very visible with it. They look at the bitcoin like the physical gold therefore any gains (when bitcoin rises in price) one person may have that can be subjected to tax. We are hoping though that this classification will slowly be changing as years go on. Title: Re: The only safe haven currency is Bitcoin Post by: Dontme on May 30, 2019, 02:15:19 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. You can`t just advice people to buy bitcoin because it is unstable, who may know if it will still have value when war comes?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. Government think bitcoin is property because it is always used as an asset to earn profit and not as a medium of exchange. Title: Re: The only safe haven currency is Bitcoin Post by: Finestream on May 30, 2019, 02:22:07 PM 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.Bitcoin can be classified as both asset or property and as currency because it can function both. Now, why would many governments classify it as an asset? Primarily because they can easily tax it when taken as a property even if the money function is very visible with it. They look at the bitcoin like the physical gold therefore any gains (when bitcoin rises in price) one person may have that can be subjected to tax. We are hoping though that this classification will slowly be changing as years go on. Title: Re: The only safe haven currency is Bitcoin Post by: gabbie2010 on May 30, 2019, 03:03:12 PM 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.Bitcoin can be classified as both asset or property and as currency because it can function both. Now, why would many governments classify it as an asset? Primarily because they can easily tax it when taken as a property even if the money function is very visible with it. They look at the bitcoin like the physical gold therefore any gains (when bitcoin rises in price) one person may have that can be subjected to tax. We are hoping though that this classification will slowly be changing as years go on. Title: Re: The only safe haven currency is Bitcoin Post by: iqlimasyadiqa on May 30, 2019, 03:07:43 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. You can`t just advice people to buy bitcoin because it is unstable, who may know if it will still have value when war comes?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. Government think bitcoin is property because it is always used as an asset to earn profit and not as a medium of exchange. Title: Re: The only safe haven currency is Bitcoin Post by: drumamat on May 30, 2019, 03:41:26 PM 3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency. Many governments do not classify bitcoin at all.You're slightly mistaken.But nevertheless I agree that we should buy bitcoin.Judging by the General background in the world,the financial sector can really suffer,which can not be said about bitcoin.Bitcoin is not a wrapper,it is your salvation tomorrow.Title: Re: The only safe haven currency is Bitcoin Post by: 1Referee on May 30, 2019, 08:40:09 PM They look at the bitcoin like the physical gold therefore any gains (when bitcoin rises in price) one person may have that can be subjected to tax. We are hoping though that this classification will slowly be changing as years go on. In my case Gold actually offers some tax advantages, so I wouldn't mind Bitcoin to be put in the same category. However, I don't think that governments have to classify Bitcoin at all in order to tax your Bitcoin gains. In reality it doesn't even matter what it is that you have, if you buy it low and sell higher you are subject to taxation whether you like it or not. I have seen a lot people say that as long as Bitcoin isn't legal or accepted by the government (whatever that means), they don't have to pay tax, which is bs. I'm certain that most people here haven't ever had to deal with taxation. Governments aren't stupid, they know how to subject literally anything you can think of to taxation. Title: Re: The only safe haven currency is Bitcoin Post by: blackhawkeye1912 on May 30, 2019, 09:16:22 PM 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. Title: Re: The only safe haven currency is Bitcoin Post by: kawetsriyanto on May 30, 2019, 10:08:25 PM 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.
Title: Re: The only safe haven currency is Bitcoin Post by: batang_bitcoin on May 30, 2019, 10:19:20 PM 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.
Title: Re: The only safe haven currency is Bitcoin Post by: LUCKMCFLY on May 30, 2019, 10:21:38 PM 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.
Title: Re: The only safe haven currency is Bitcoin Post by: adzino on May 30, 2019, 10:36:49 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).
Title: Re: The only safe haven currency is Bitcoin Post by: TimeTeller on May 30, 2019, 10:42:09 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. Title: Re: The only safe haven currency is Bitcoin Post by: hahahafr on May 30, 2019, 11:44:44 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!
Title: Re: The only safe haven currency is Bitcoin Post by: Gibreil on May 30, 2019, 11:46:32 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. 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. 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. Title: Re: The only safe haven currency is Bitcoin Post by: Remainder on May 31, 2019, 12:56:48 AM 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. Title: Re: The only safe haven currency is Bitcoin Post by: Freny250 on June 01, 2019, 04:30:18 AM 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
Title: Re: The only safe haven currency is Bitcoin Post by: Thyristor on June 01, 2019, 10:21:37 PM 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. Title: Re: The only safe haven currency is Bitcoin Post by: DatKing on June 01, 2019, 11:21:42 PM 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.
Title: Re: The only safe haven currency is Bitcoin Post by: jonaire99 on June 02, 2019, 08:36:21 AM 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.
Title: Re: The only safe haven currency is Bitcoin Post by: phamminhtan on June 02, 2019, 09:34:31 AM 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.
Title: Re: The only safe haven currency is Bitcoin Post by: Ressurection on June 02, 2019, 01:16:48 PM 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.
Title: Re: The only safe haven currency is Bitcoin Post by: indrakusumaindra on June 02, 2019, 01:44:57 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. 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.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. Title: Re: The only safe haven currency is Bitcoin Post by: kodtycoon on June 02, 2019, 01:50:52 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. 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.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. 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 Title: Re: The only safe haven currency is Bitcoin Post by: sunilnagaraja1996 on June 02, 2019, 02:12:21 PM 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.
Title: Re: The only safe haven currency is Bitcoin Post by: royalfestus on June 02, 2019, 02:40:16 PM 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.Title: Re: The only safe haven currency is Bitcoin Post by: MFahad on June 02, 2019, 03:15:28 PM 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. Title: Re: The only safe haven currency is Bitcoin Post by: BitFinnese on June 02, 2019, 03:21:07 PM I don't think High volatility is a safe haven. It can incur great losses to many people though it can give a good profit to some. Until Bitcoin price becomes stable, I won't say it is a safe haven currency.
Title: Re: The only safe haven currency is Bitcoin Post by: yusupjatigumilar on June 02, 2019, 03:23:56 PM Bitcoin is indeed the safest currency in the world, because it cannot be faked like a conventional currency, so public trust will be very high, besides bitcoin is also transparent in each transaction everyone can see each transaction and the transaction cannot be manipulated, besides Bitcoin is also anonymous where we don't know the wallet owner by other people because Bitcoin has high privacy.
Title: Re: The only safe haven currency is Bitcoin Post by: Micerker on June 02, 2019, 03:28:20 PM Bitcoin is not a safe option for investors. Bitcoin prices are too high and volatile so astronomical that new investors will lose money when making decisions in fear. Let's choose Altcoin from exchange platforms such as BNB or HT to increase security for long-term investments.
Title: Re: The only safe haven currency is Bitcoin Post by: kanayaTabitha on June 02, 2019, 03:35:49 PM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. unsafe is an exchange not bitcoin when you have bitcoin a safe place to store it using a cryptocurrency wallet. not in exchange. bitcoin uses a network protocol that connects directly between users. so in my opinion it's very safe. ;) ;)and it is true now that we better start learning and using bitcoin Title: Re: The only safe haven currency is Bitcoin Post by: agatha90 on June 02, 2019, 04:05:34 PM I agree with your statement. Save Bitcoin until halving next year. If you want to get a big profit, because the value of bitcoin will be more expensive.
Title: Re: The only safe haven currency is Bitcoin Post by: Gainers.io on June 02, 2019, 04:09:51 PM Indeed bitcoin is a safe-heaven currency, specially after the momentum of bitcoin has again changed gear to the upside, I believe we might soon see high profiled buyers chipping it in once again we will see bitcoin prices break above 10k and then to new highs.
Title: Re: The only safe haven currency is Bitcoin Post by: FIFA worldcup on June 02, 2019, 06:06:24 PM Bitcoin is not a safe option for investors. Bitcoin prices are too high and volatile so astronomical that new investors will lose money when making decisions in fear. Let's choose Altcoin from exchange platforms such as BNB or HT to increase security for long-term investments. I think bitcoin is the best option for the investors. We have seen altcoins dump so much every time bitcoin goes up or down. Secondly altcoins depends upon their project and team while Bitcoin has its value and no one can deny the importance of bitcoins. Title: Re: The only safe haven currency is Bitcoin Post by: mickeybuddy27 on June 02, 2019, 07:33:51 PM Indeed bitcoin is a safe-heaven currency, specially after the momentum of bitcoin has again changed gear to the upside, I believe we might soon see high profiled buyers chipping it in once again we will see bitcoin prices break above 10k and then to new highs. The price of bitcoin now is cheaper than before. You can invest with it now. It is not the lowest but at least you have some value that can gain good profit when bullrun comes though it needs more time to wait.Title: Re: The only safe haven currency is Bitcoin Post by: finaleshot2016 on June 02, 2019, 08:20:46 PM Bitcoin is already trusted and many users are getting a lot of benefits because of this coin. Bitcoin has low fees, that's why I always have a transaction because it doesn't require a lot of money to do a transaction. With a higher fee, we can make our transaction faster so it's very dependent on the user. It is the greatest created in the digital world so that's why people can easily trust bitcoin.
Title: Re: The only safe haven currency is Bitcoin Post by: Johnzky on June 03, 2019, 09:33:06 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. What if the government controlled the internet?do you think they cannot hold our crypto assets?better think twice since there is no impossible for the high tech world now1) 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. Quote 2) The only one Currency not controlled by a government or bank. Quote 3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency. Quote My advice is keep buying Bitcoin and don't look back. Also don't forget LTC. Title: Re: The only safe haven currency is Bitcoin Post by: Naughty Princess on June 03, 2019, 11:49:44 AM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. When it comes on security, you have to used the one that applied strong security for you to keep your bitcoin safely even for long time. But bitcoin is the safe one to invest with because it is the foundation of all coin which means that it will be the last to lose its value in the market and no matter who it falls, there is always a recovery from that.Title: Re: The only safe haven currency is Bitcoin Post by: Reatim on June 03, 2019, 12:21:30 PM I agree with your statement. Save Bitcoin until halving next year. If you want to get a big profit, because the value of bitcoin will be more expensive. Lol halving cannot assures us of growth don’t mislead people here we are tired of waiting and being trapped,let us just enjoy the growth and when the price falls sell as much as you canBitcoin is already trusted and many users are getting a lot of benefits because of this coin. Bitcoin has low fees, that's why I always have a transaction because it doesn't require a lot of money to do a transaction. With a higher fee, we can make our transaction faster so it's very dependent on the user. It is the greatest created in the digital world so that's why people can easily trust bitcoin. What are you pointing at?what comparison are you telling here?do you know how much the fee of bitcoin when there are congestion?sometimes we need to learn first before putting some post mateTitle: Re: The only safe haven currency is Bitcoin Post by: 1Referee on June 03, 2019, 12:46:18 PM Bitcoin is not a safe option for investors. Bitcoin prices are too high and volatile so astronomical that new investors will lose money when making decisions in fear. Let's choose Altcoin from exchange platforms such as BNB or HT to increase security for long-term investments. Are you an idiot or just acting like one? Participating in a scheme meant to pump an exchange token isn't increasing security for long term investments at all. You're basically buying a centralized piece of garbage that has been created out of nothing, and it will end up become worth nothing when these schemes implode. If I was to invest in something other than Bitcoin I would rather invest in Ether than a shitty exchange token. Yes, BNB has gone up a lot, but that's only temporary. No exchange managed to stay on top for years straight, and I'm sure Binance will be taken over in terms of volume the same way Bittrex and Poloniex have been taken over. Title: Re: The only safe haven currency is Bitcoin Post by: airdagon on June 03, 2019, 12:52:39 PM In my own country, bitcoin is not used as a currency or as a means of payment but as a digital asset / property, I do not know the reason why, but I will continue to buy BTC like your advice
Title: Re: The only safe haven currency is Bitcoin Post by: Vinalians on June 03, 2019, 07:55:17 PM Yes, I absolutely agree! To those people who know what is bitcoin and those people who have bitcoin you are very lucky to know what bitcoin is because the future of currency are depending on it. I believe that bitcoin will never disappoint any of us. Those number of reason are just a few there are so many reasons why we should trust bitcoin.
The government cannot take it away from you as long as you are carefully using it and you have your private keys. Plus bitcoin is also the kind of storage that you can access wherever you are in the world as long as you have your private keys. :) Title: Re: The only safe haven currency is Bitcoin Post by: BL46K 7193R on June 03, 2019, 08:44:51 PM Yes, Bitcoin is the most influential cryptocurrency in this period. Undoubtedly, Bitcoin is better than another cryptocurrency. Bitcoin's preference is more than all the other cryptocurrency. Bitcoin acceptability is increasing day by day and it will increase further in the future. So it is said to be considered in all aspects that the only safe haven currency is Bitcoin.
Title: Re: The only safe haven currency is Bitcoin Post by: BitFinnese on June 04, 2019, 08:24:18 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. What if the government controlled the internet?do you think they cannot hold our crypto assets?better think twice since there is no impossible for the high tech world now1) 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. They cannot hold our crypto assets as long as we have the private keys. VPN, TOR, there are ways to access the blocked site. We just need to be resourceful. Quote 2) The only one Currency not controlled by a government or bank. Maybe not controlled of bank.but government can ..Government can regulate but regulation does not mean they are in total control. Quote 3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency. Because if ever thing#happen then they can easily took from us.since it was a property and not a legal currency I don't think that is the case, probably these government does not see Bitcoin has the property of a currency or money. Quote My advice is keep buying Bitcoin and don't look back. Also don't forget LTC. Lol what LTC going to do with this?bitcoin is above litecoin never forget thatIt is free to speculate and not wrong to diversify :). Title: Re: The only safe haven currency is Bitcoin Post by: Korkorjkk on June 04, 2019, 09:54:27 PM Lately, most people don't keep hard cash on them but rather electronic cash and that's better because carrying huge sums of money is not safe. Bitcoin is a very good investment but since it is volatile, tables can turn anytime.
Title: Re: The only safe haven currency is Bitcoin Post by: zee11225 on June 13, 2019, 12:14:43 PM Bitcoin is not a safe option for investors. Bitcoin prices are too high and volatile so astronomical that new investors will lose money when making decisions in fear. Let's choose Altcoin from exchange platforms such as BNB or HT to increase security for long-term investments. For small investors, of course playing bitcoin is very vulnerable, because the price is too expensive. It's better to buy altcoins that are still affordable and provide good benefits if the market is going up.If we have a lot of capital, of course investing in bitcoin is more profitable, because the price increase that occurs in a short time can be very large. Therefore, bitcoin became the prey of large capital speculators. Title: Re: The only safe haven currency is Bitcoin Post by: Payme21 on June 14, 2019, 09:52:26 PM Its a save heaven when putting ease and the idea of decentralization into account but in my opinion, its not tired to bitcoin alone as other coins/tokens can give you similar benefits
Title: Re: The only safe haven currency is Bitcoin Post by: rodel caling on June 14, 2019, 10:30:16 PM Why bitcoin treating of government as property because people or a bitcoin holders also treating bitcoin as investment investment same treat as property.
Because many people are knows bitcoin as long term investment and most of the people believe that keeping bitcoin as property is the key of become rich in the future. Title: Re: The only safe haven currency is Bitcoin Post by: bandungan on June 15, 2019, 08:22:00 AM bitcoin is indeed complex has properties that can be used easily, but for now not many countries have accepted bitcoin for payment and use. besides that bitcoin will continue to increase, and will continue to be used as a purchase option
Title: Re: The only safe haven currency is Bitcoin Post by: waitforme on June 15, 2019, 09:07:57 AM The safest currency for investors is USDT. USDT is always stable because of very low volatility and not affected by the bear market. Even if the bear market takes place, USDT prices will grow. Bitcoin considered a safe option if it is a long-term investment. With Bitcoin, you have to hold for at least 2 years to be able to eliminate all risks and be sure of the profit you get.
Title: Re: The only safe haven currency is Bitcoin Post by: Wolfwar on June 15, 2019, 06:33:41 PM at least more than a year has passed since the real fall in cryptocurrency prices. At least until the end of 2019, or by 2020 we can expect better results than we see today. Although If we compare the charts of growth of prices and interest in the cryptocurrency of investors, we are already approaching the level of May 2018, when Bitcoin reached $ 11,000. I think it will be a very good indicator Over the past year.
Title: Re: The only safe haven currency is Bitcoin Post by: iMark on June 16, 2019, 09:41:48 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. I think so, when the war explodes, maybe there will be a lot of looting, theft, inflation will occur in many countries and many people will certainly look for currencies that can be used to secure their wealth from thieves and inflation, and that is in bitcoin can be an alternative to diversify wealth and it benefit to you.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. Title: Re: The only safe haven currency is Bitcoin Post by: ioanbtc on June 16, 2019, 01:53:56 PM Bitcoin can be a good option to hold money safe on, but if something happen and internet will be stopped on time of war or after we have to search another way or to have cash money to can buy food. Sometimes can happen that price drop and maybe people will panic and sell but can be a safe option for medium term investment.
Title: Re: The only safe haven currency is Bitcoin Post by: XCANA on June 16, 2019, 01:54:34 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. I think so, when the war explodes, maybe there will be a lot of looting, theft, inflation will occur in many countries and many people will certainly look for currencies that can be used to secure their wealth from thieves and inflation, and that is in bitcoin can be an alternative to diversify wealth and it benefit to you.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. More concerns that make me feel that, spreading the world of cryptocurrency is of more important for countries that aren't showing interest on Bitcoin, they could be left behind. Bitcoin is the most safest digital currency among others that can be move around within acceptable countries, without any risk of damage. Title: Re: The only safe haven currency is Bitcoin Post by: MFahad on June 16, 2019, 02:05:55 PM 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. Indeed, your points are valuable, but i agree on it bitcoin is safest crypto currency because this time is internet and online investment, that's why every new generation like to invest on online and fastest then bitcoin come that's why bitcoin get popularity and the maker of bitcoin made is safest that's why everyone like bitcoin. Title: Re: The only safe haven currency is Bitcoin Post by: sehoon on June 16, 2019, 02:16:27 PM Countries have different views and opinions on bitcoin. A lot of government agencies does not consider it good because they don't own any beneficiaries from it and they can't tax it so they wanted to stop it. Here in my currency, they still view bitcoin as something good that is why a lot of people use it, unlike China and Russia.
Title: Re: The only safe haven currency is Bitcoin Post by: spadormie on June 16, 2019, 02:22:04 PM Bitcoin has been confirmed as the best safe haven currency in the world I think not. The only safe haven currency are stable coins. These are usdt, usdc, TUSD and many more. If you will hold bitcoin it will not be a safe haven to you as the price of it might go up and down. If it goes up, then it's good it's better than safe haven. But it goes down, that's worse than it. Title: Re: The only safe haven currency is Bitcoin Post by: Question123 on June 16, 2019, 02:36:22 PM Bitcoin is one of the safest currency in the world Yes because that coin is not control or the government will not manipulate it compared to the real currency or the fiat. But ethereum also is the good because that coin is also a bitcoin and they are very famous and also the competitors of the bitcoin. But now people choosing bitcoin because of different advatanges you get once you have bitcoin.
Title: Re: The only safe haven currency is Bitcoin Post by: bittick on June 16, 2019, 04:37:30 PM Bitcoin has been confirmed as the best safe haven currency in the world I think not. The only safe haven currency are stable coins. These are usdt, usdc, TUSD and many more. If you will hold bitcoin it will not be a safe haven to you as the price of it might go up and down. If it goes up, then it's good it's better than safe haven. But it goes down, that's worse than it. Title: Re: The only safe haven currency is Bitcoin Post by: Genkotsu on June 16, 2019, 06:04:00 PM yeah that is true, but why the war begin ?
OK, Bitcoin is so easy to use to everywhere in this world. i agree with this concept that's why Bitcoin is i called the future of currency because it is so flexible. you can use it where ever you go and i love it. Title: Re: The only safe haven currency is Bitcoin Post by: TobiasVR on June 16, 2019, 11:13:22 PM Bitcoin has proven to be a worthy digital currency for everyone in the world. bitcoin can be used in a variety of circumstances. even if the situation is complicated or critical, as long as you still have internet access, bitcoin can be used and is safe. this is the advantage of bitcoin, besides bitcoin being the safest coin, of course bicoin can be one of the most doable coins for anything. this can be a helper when the situation is not good, bitcoin is still usefulTitle: Re: The only safe haven currency is Bitcoin Post by: DreamStage on June 16, 2019, 11:21:28 PM 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. Considering point 2: Basically if you use any kind of crypto currency there is no sort of government or bank specific control because everything is kinda private. Only the exchanges you use will always be the ones providing such informations to your banks and government. There is no specific currency as you mentioned. Considering point 3: Probabily due to Bitcoin being the main currency and most used one for both new forks, new coins creation incentivates, new hardwares and even new technologies. Most of the new payment methods are using Bitcoin as main currency <-> fiat therefore it becomes easier to call it as a property rather than a currency for people's understandings. Title: Re: The only safe haven currency is Bitcoin Post by: boyptc on June 16, 2019, 11:27:15 PM Bitcoin has proven to be a worthy digital currency for everyone in the world. bitcoin can be used in a variety of circumstances. even if the situation is complicated or critical, as long as you still have internet access, bitcoin can be used and is safe. this is the advantage of bitcoin, besides bitcoin being the safest coin, of course bicoin can be one of the most doable coins for anything. this can be a helper when the situation is not good, bitcoin is still usefulThe gov't classifies bitcoin as property because they see it more of an investment if you will watch most of the interviews from those well known investors, they would agree that it's more of an investment class which is a store of value. Title: Re: The only safe haven currency is Bitcoin Post by: Indrawan77 on June 17, 2019, 12:56:27 AM Yeah bitcoin decentralisation has been one of the reason why people love invest in bitcoin, bitcoin also not affected by inflation and if the mass adoption is happening then the price will keep on increasing, the government classified btc as property or asset is because they don't want btc to become fiat rival
Title: Re: The only safe haven currency is Bitcoin Post by: Naughty Princess on June 17, 2019, 03:35:18 AM Bitcoin has proven to be a worthy digital currency for everyone in the world. bitcoin can be used in a variety of circumstances. even if the situation is complicated or critical, as long as you still have internet access, bitcoin can be used and is safe. Bitcoin is the safe haven coin because it is the last coin that will lost value in the market as it is the foundation of all crypto currencies. It is worth to have it and very beneficial as we can send it everywhere in tbe world and risk si lower than any other coins on the crypto market.Title: Re: The only safe haven currency is Bitcoin Post by: Austin_Lord on June 17, 2019, 09:37:29 AM O wow thats a great news.. it is the best haven currency because it is builting stone of cryptocurrency..well it may not rumours... good news for investors..
Title: Re: The only safe haven currency is Bitcoin Post by: bittick on June 17, 2019, 10:25:56 AM Yeah bitcoin decentralisation has been one of the reason why people love invest in bitcoin, bitcoin also not affected by inflation and if the mass adoption is happening then the price will keep on increasing, the government classified btc as property or asset is because they don't want btc to become fiat rival There's plenty of altcoins that are decentralized aswell or I must say most of them but people still prefer bitcoin because it's first and has known by so many people, therefore I don't think the decentralized nature is the reason as to why bitcoin is preferred than other altcoins.Title: Re: The only safe haven currency is Bitcoin Post by: Johnzky on June 17, 2019, 01:02:52 PM Yeah i agree with you bro that the only safe haven currency is bitcoin... but there are some chances of scams and hacking.. anyhow no doubt bitcoin is very great for investors.. Safe haven because bitcoin is the pioneer?And the Rank number 1?maybe as of now yes it is,but don’t forget there are many currency in crypto who’s being legit and ca be trusted it’s just happen that people are not aware of the value of each coins and tokens so basically it will take time to be learned by all of the people in the worldTitle: Re: The only safe haven currency is Bitcoin Post by: bettercrypto on June 17, 2019, 01:16:36 PM 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. Bitcoin and the rest of the cryptocurrency platform is presenting us a different kind of alternative for wealth keeping. Indeed, just like the physical gold this can be a safe haven during difficult times but unlike the real gold there is no need to hide it somewhere but just in our digital wallets or even hardware wallets which we can just pick up anytime anywhere. Of course, the physical gold also has its own advantages but for now the focus is with bitcoin because of its big potential to be the game-changer we are all waiting for. As to why some governments are classifying bitcoin as a property rather than a currency, that is their call and prerogative we are all biased anyway and we have different perspective with things. Title: Re: The only safe haven currency is Bitcoin Post by: gangem07 on June 19, 2019, 11:00:57 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. I think they have different goals and perspective in our lives.Gold and silver can be classified as our property in the future because the value of these two has the potential to grow and have the advantages than bitcoin.But bitcoin is also a digital assets and it can be classified as our property rather currency because of price increasing years by years.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. Title: Re: The only safe haven currency is Bitcoin Post by: Caladonian on June 19, 2019, 11:52:05 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. I think they have different goals and perspective in our lives.Gold and silver can be classified as our property in the future because the value of these two has the potential to grow and have the advantages than bitcoin.But bitcoin is also a digital assets and it can be classified as our property rather currency because of price increasing years by years.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. Believe and trust the system and enjoy the benefits that it will bring to your investment. Title: Re: The only safe haven currency is Bitcoin Post by: CBANX3 on June 19, 2019, 12:17:45 PM For today Bitcoin is a gem for and who Hodl bitcoin is the luckiest people; Bitcoin is a safe haven currency for all time for now and for the future also.
Title: Re: The only safe haven currency is Bitcoin Post by: Upgate on June 19, 2019, 02:49:00 PM Nothing sweeter than having such believes that your bitcoin asset is safe in your wallet. You can store and move around with it without people or banks knowing your income. Embracing bitcoin is the best thing countries can do for her citizens incase of tragic events
Title: Re: The only safe haven currency is Bitcoin Post by: samsul1234 on June 19, 2019, 05:56:43 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. in my opinion bitcoin is currently vulnerable to ICO fraud or about new altcoin-altcoins, which along with the increase in bitcoin they promise instant wealth, not to mention the many hackers from my friends who experience borders on admission it is very harmful1) 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. Title: Re: The only safe haven currency is Bitcoin Post by: Bardman on June 19, 2019, 06:27:35 PM By definition it's really not. ''A safe haven is an investment that is expected to retain or increase in value during times of market turbulence. Safe havens are sought by investors to limit their exposure to losses in the event of market downturns.''
While bitcoin is expected to increase in value, it is not necessarily expected to do so during times of market turbulence and it doesn't always do it. The wild volatility of Bitcoin it's certainly a big disadvantage as well since you would think a safe haven is something more or less stable. Title: Re: The only safe haven currency is Bitcoin Post by: jak3 on June 19, 2019, 07:39:38 PM Bitcoin and other altcoins are the improved money system which we need for our new generation. yes, it has a lot of potentials to overcome many big problems but we should forget that nothing is 100% perfect nor the cryptocurrencies. they have a lot of things which are done either for security or for other welfare reasons but somehow we still are in need of faint money.
Title: Re: The only safe haven currency is Bitcoin Post by: Leh-Meh on June 19, 2019, 08:04:34 PM I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange. Without currencies/money there will be no bitcoin. Without centralization Bitcoin will not get legal status. Title: Re: The only safe haven currency is Bitcoin Post by: idham29 on June 20, 2019, 12:10:51 PM Bitcoin is one of the safest currency in the world Yes because that coin is not control or the government will not manipulate it compared to the real currency or the fiat. But ethereum also is the good because that coin is also a bitcoin and they are very famous and also the competitors of the bitcoin. But now people choosing bitcoin because of different advatanges you get once you have bitcoin. I see that at the moment bitcoin shows its fangs, after 2018 falls and many observers predict the end of bitcoin. They are wrong, the proof is that bitcoin is now at the position of USD 9284, and will continue to increase.One of the advantages of bitcoin is that it is safer than real money, especially from theft and fraud. Because being in digital is certainly not physically affordable by theft, especially if the protection is used in multiple ways. Title: Re: The only safe haven currency is Bitcoin Post by: Ioann11 on July 08, 2019, 06:29:46 AM Bitcoin was invented amid the effects of the 2008 financial crisis. The idea was to create a currency that would regulate itself, without the intervention of banks. Thus, bitcoin is one of the first decentralized currencies.
“It's amazing that they created a system that exists by itself and that no one can influence. No government can take money from the system. No one is forced to trust someone in particular. ” Enough that you trust the system! Bitcoin is the future, one of the greatest inventions of mankind. Title: Re: The only safe haven currency is Bitcoin Post by: Sithara007 on July 08, 2019, 07:06:07 AM As long as Bitcoin remains as a decentralized asset, it will act as a safe haven currency. And the recent trends are encouraging. Centralized cryptos such as Ripple and Stable coins such as Tether are going down in terms of market share and the Bitcoin dominance has moved well past the 60% mark. Out patience and belief in BTC is slowly paying off.
Title: Re: The only safe haven currency is Bitcoin Post by: TheCrimsonFucker on July 09, 2019, 12:59:08 AM I agree, btc is the best alternative, having many benefits such as, a currency alternative that you can use anywhere in the world of easy portability in wallet btc
Title: Re: The only safe haven currency is Bitcoin Post by: swiftbits on July 11, 2019, 06:25:49 AM Bitcoin is running through hardware and internet, also the reason they consider it as an asset not a currency, it’s such a great haven since it’s safe and portable. Bitcoin is the innovation of internet finance.
Title: Re: The only safe haven currency is Bitcoin Post by: ttcsalam on July 11, 2019, 07:00:52 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. I think that it is so popular because of this thing. It is not the same. It is possible to transfer quickly. It is not possible in the case of money or gold. Therefore its popularity is increasing more and more day by day.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. Title: Re: The only safe haven currency is Bitcoin Post by: Dapper on July 11, 2019, 07:12:48 AM It is a wonderful safe haven currency. But it's important to remember still not to have all of your eggs in the same basket.
Title: Re: The only safe haven currency is Bitcoin Post by: Vishnu.Reang on July 11, 2019, 07:21:36 AM Bitcoin is running through hardware and internet, also the reason they consider it as an asset not a currency, it’s such a great haven since it’s safe and portable. Bitcoin is the innovation of internet finance. I agree. Bitcoin was originally designed as a currency, but there are practical difficulties in using it for that purpose (such as the delay in getting conformations, volatile exchange rates.etc). So now most of the users are treating it as an asset or as a store of value. Also, the fact that Bitcoin is protected against inflation gives an advantage if we treat it as an asset. Title: Re: The only safe haven currency is Bitcoin Post by: arpon11 on July 11, 2019, 11:38:28 AM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. I like to read posts made by the bitcoin and cryptocurrency enthusiast and it is always encouraging and educative to read their posts. Bitcoin happens to come out at this particular time because of how the other financial assets like stocks, currencies, and gold have failed the people. Bitcoin represents the type of money our great grandfather and mothers have in mind before introducing better systems. Governments and bank's control currencies are full of manipulations and bitcoin stand in the best grand to help the populace.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. Title: Re: The only safe haven currency is Bitcoin Post by: joshy23 on July 11, 2019, 12:17:21 PM Bitcoin is running through hardware and internet, also the reason they consider it as an asset not a currency, it’s such a great haven since it’s safe and portable. Bitcoin is the innovation of internet finance. I agree. Bitcoin was originally designed as a currency, but there are practical difficulties in using it for that purpose (such as the delay in getting conformations, volatile exchange rates.etc). So now most of the users are treating it as an asset or as a store of value. Also, the fact that Bitcoin is protected against inflation gives an advantage if we treat it as an asset. As a investor we deal with bitcoin for investment point of view, and as a trader we have different think about bitcoin, and as a person we think bitcoin is an asset, so it is bitcoin quality that bitcoin could turn in any shape for us and in very shape bitcoin give us profit, So it is best thing for us and sometime i am speechless when i talk about bitcoin's qualities. Title: Re: The only safe haven currency is Bitcoin Post by: puertorikosena on July 11, 2019, 12:30:43 PM Precisely because you cannot control how much money you own, the governments of many countries prohibit the use of cryptocurrencies. But in any case, the cryptocurrency market will develop and people will increasingly enjoy the benefits of cryptocurrency.
Title: Re: The only safe haven currency is Bitcoin Post by: fortunecrypto on July 11, 2019, 02:09:11 PM 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. I agree I've read one woman where she travels to a lot of countries with only her cryptocurrency to bring and of course, she only needs her private key and password to transact and anybody can do this so we all need to buy more top coin like Bitcoin and other cryptocurrencies. Title: Re: The only safe haven currency is Bitcoin Post by: Bitcoinqubit on July 11, 2019, 03:08:20 PM complete bullshit i have monero and neo and dash and factom and bunch other bags , also z cash....
Title: Re: The only safe haven currency is Bitcoin Post by: Alert31 on July 11, 2019, 03:18:43 PM I don't think bitcoin is a safe haven currency because it can steal also by the hackers. Yes you can bring it anywhere you can go as long as there is an internet connection but you can't used it anytime because bitcoin is still not accepted as payment method in all goods and services. Bitcoin is an asset for many people and not just online currency. Many people used it to invest, to gain more profit and to become an alternative source of income.
Title: Re: The only safe haven currency is Bitcoin Post by: whyrqa-1 on July 11, 2019, 05:41:34 PM Of course, it is very good to use Bitcoin to make big profits, but nevertheless, it is necessary to take into account the fact that Bitcoin is always at risk. After all, the fact is that it can constantly be stolen even on trading markets or in your wallet, and its price is too unstable, What can make you not only rich, but also a poor person.
Title: Re: The only safe haven currency is Bitcoin Post by: spacehopper on July 11, 2019, 06:31:00 PM 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. Yap.that true but not entirely.Because in war you cant ask bitcoin wallet address when you buying goods.Its become useless.But move money out from the war zone bitcoin will be a good option.Yap you are correct about 2nd.Its the people's currency.Bitcoin the currency not controlled by a government or bank.Only people control that.That is the main reason governments hates bitcoin. Yes keep buying this unstoppable.Do a investment that makes profits only. Title: Re: The only safe haven currency is Bitcoin Post by: lab rat hoax on July 11, 2019, 08:44:19 PM To be honest i agree with your advice, buying Bitcoin was one of the best decisions i’ve ever made and i’d like to see that other people having the exact same feeling. In this market Btc is basically the most reliable thing to me. On the other hand can’t say about so bad things for Alts.
Title: Re: The only safe haven currency is Bitcoin Post by: uszaty43 on July 11, 2019, 10:18:14 PM Bitcoin is the crpytocurrency that is invested into largely in the crypto industry so investing into it would at a point in time fetch you some profits if you are patient enough you will surely earn some profits on your investment.
Title: Re: The only safe haven currency is Bitcoin Post by: Duzter on July 11, 2019, 10:35:50 PM The ongoing gain in the market dominance itself shows the true value of bitcoin in the market and the rising demand. It is predicted that the dominance level will reach as high as 80% as more funds were getting into bitcoin from the altcoins that have been going valueless without growth. This way bitcoin confirms its state as safe haven.
Title: Re: The only safe haven currency is Bitcoin Post by: Qurelal on July 12, 2019, 01:12:12 PM Recovering or tracing stolen or lost BTC could be quite difficult, especially when it’s done without the aid of a specialist. But once you find the right specialist, then there’s a chance of recovering a huge percentage of your investment back.
Title: Re: The only safe haven currency is Bitcoin Post by: Twinscoin2017 on July 12, 2019, 01:41:11 PM I think bitcoin is the safest investment in crypto but still there are some coin that also safe example of those coin is the ethereum. Ethereum is also a good coin it is also the most popular coin in crypto that is next to bitcoin and many people had already gain on it. So i think there are a lot of coin that is now really become proven and tested that is safe for investment.
Title: Re: The only safe haven currency is Bitcoin Post by: Mulann2 on July 12, 2019, 02:24:51 PM for now i would say otherwise why do we have a decentralized blockchain if only btc will be regarded as the only safe heaven currency or only good enough crypto to have, this is decentralized blockchain that other good project should emerge from, but for some reason only btc people are so interested in, other alts are regarded as "shit" i don't think this is a good example of decentralization. :-\
Title: Re: The only safe haven currency is Bitcoin Post by: zenhu on July 12, 2019, 02:52:06 PM I'm sorry bro, i think gold is still the best safe heaven in the world, cause every country have this commodity for creating a weapon (for example). Gold can't falling down or be more cheaper than its production cost, about $1k per troy ons, currently gold price hit $1400 per troy ons. For gold holder just have risk about $400, its more lower than bitcoin volatile.
Title: Re: The only safe haven currency is Bitcoin Post by: Glutius on July 12, 2019, 08:17:52 PM Very good advice. But I would add an even tougher condition. Not to pay attention to altcoins. It's pointless and a big waste of time. I'm not little lost on altcoins and only bitcoin help me recover my Deposit.
Title: Re: The only safe haven currency is Bitcoin Post by: ljane on July 12, 2019, 10:49:02 PM For now I think Yes because considering all its qualities and what it can also do in the crypto market. Bitcoin is safe, reliable and also it is very secured as compared to other cryptocurrencies I have ever met.
Title: Re: The only safe haven currency is Bitcoin Post by: Viscore on July 12, 2019, 11:02:52 PM For now I think Yes because considering all its qualities and what it can also do in the crypto market. Bitcoin is safe, reliable and also it is very secured as compared to other cryptocurrencies I have ever met. Agreed. I have never known a currency as potential as bitcoin and having bitcoin also means a great asset or property. This is the reason why most people here are still contented if bitcoin has not gained government's adoption because they can still make profits from it as an expensive asset.Title: Re: The only safe haven currency is Bitcoin Post by: barabarian1 on July 13, 2019, 12:37:28 PM you can do it if the war just around your place. if it world war, im not sure people think about it. how about if internet broke down, they cant do if no internet.
and thats why government reject to make bitcoin as currency. fluctuative value make bitcoin called property. real currency cant make profit, but btcoin do it Title: Re: The only safe haven currency is Bitcoin Post by: Gibreil on July 13, 2019, 01:08:30 PM Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons. Usually, a good crypto trader always have bitcoin at their wallet. Unfortunately, it is hard to buy bitcoin right now because anytime, it may crash. Since we all know that 9K dollars is almost 300% price increased compared last February 2019. Anyway, it is more reliable compared to other altcoins, that is why it is being said that it is the king of all coins. 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. Title: Re: The only safe haven currency is Bitcoin Post by: Hemady17 on July 25, 2019, 11:14:56 PM Yeah! I agree with you. Bitcoin is the most safe haven coin in cryptocurrency. It has only the main points why many whales are here. Bitcoin is a simple coin with simple usage. But because of its popularity in the world, we cannot deny the fact that it gains a lot of supporters till now. Many altcoins dream to be the first, but no one ever defeated bitcoin.
Title: Re: The only safe haven currency is Bitcoin Post by: 42K on July 25, 2019, 11:15:51 PM There ate lots of currencies on the crypto industry now of which some are good than others but I think bitcoin is the safe currency to buy and invest in because its easily accessible and available to buy. Aside that, its also accepted globally as an asset for transaction.
Title: Re: The only safe haven currency is Bitcoin Post by: Periodik on July 26, 2019, 02:41:11 AM Bitcoin is the safest haven currency because it is absolutely yours. You own it. Nobody else has access and power over it except yourself. And when a world war breaks out, your fiat is going to be intercepted at the airport. There's only a maximum allowed. Your gold and silver and other jewelries have to be registered and taxed as well, and there's probably another maximum value. Your Bitcoins, however, are unknown to whoever is screening your belongings.
Title: Re: The only safe haven currency is Bitcoin Post by: whtchocla7e on July 26, 2019, 05:46:31 AM Bitcoin is the existence of wealth, outside of life it is gold, diamonds. It seems that if you participate in illegal activities, the BTC will be your shelter currency. For me, USD is really a refuge currency when the market is not stable. If war happens, it is likely that the value of bitcoin will increase sharply because transnational trade crimes will occur regularly, especially in the sale of weapons.
Title: Re: The only safe haven currency is Bitcoin Post by: Menawi12 on July 26, 2019, 09:54:00 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. Many countries have begun to recognize bitcoin as a digital asset. Bitcoin is difficult to be recognized by the government as a currency because the government certainly does not want the dominance of its currency to be disturbed by bitcoin. I think, recognition as a digital asset is good for bitcoin because it will give investors confidence Title: Re: The only safe haven currency is Bitcoin Post by: cipherhut on July 26, 2019, 10:30:01 AM Is it? You can't say any cryptocurrency or any digital asset as a safe haven, that safe crown has biting spikes that can lead you to bleed. The safe drive is the only advice for any crypto trader.
Title: Re: The only safe haven currency is Bitcoin Post by: slaman29 on July 26, 2019, 01:12:31 PM Bitcoin is the safest haven currency because it is absolutely yours. You own it. Nobody else has access and power over it except yourself. And when a world war breaks out, your fiat is going to be intercepted at the airport. There's only a maximum allowed. Your gold and silver and other jewelries have to be registered and taxed as well, and there's probably another maximum value. Your Bitcoins, however, are unknown to whoever is screening your belongings. When Bitcoin works the way it's intended, sure. The only problem I see is that majority of people don't even know how to use Bitcoin properly. I'm not even talking about so complicated measures like manually doing CPFP or whatever, I'm even just talking about reviving a wallet from private keys. Title: Re: The only safe haven currency is Bitcoin Post by: wxxyrqa on July 26, 2019, 06:19:45 PM Bitcoin is the safest haven currency because it is absolutely yours. You own it. Nobody else has access and power over it except yourself. And when a world war breaks out, your fiat is going to be intercepted at the airport. There's only a maximum allowed. Your gold and silver and other jewelries have to be registered and taxed as well, and there's probably another maximum value. Your Bitcoins, however, are unknown to whoever is screening your belongings. When Bitcoin works the way it's intended, sure. The only problem I see is that majority of people don't even know how to use Bitcoin properly. I'm not even talking about so complicated measures like manually doing CPFP or whatever, I'm even just talking about reviving a wallet from private keys. Title: Re: The only safe haven currency is Bitcoin Post by: Wolfwar on July 26, 2019, 09:25:02 PM In fact, today nobody really carries large sums of money with them, because many people use bank cards to pay their bills or buy goods. In order to better use the cryptocurrency as a means of payment, you need to have the appropriate infrastructure, because not all places where I can spend real money provide an opportunity to use cryptocurrency.
Title: Re: The only safe haven currency is Bitcoin Post by: Kasabus on July 26, 2019, 10:18:53 PM I monitor bitcoin easily changing and the price can change at any time, the government does not dare to legalize bitcoin, the government considers bitcoin property and not currency. That needs to be changed cause it is far from a reason why it was created, supposedly it gonna be used as a currency but people often to consider this as an asset/investment. Anyway, there is something to consider why it never uses as a currency in some areas instead just because it never been supported by their government and don't have establishments accepted crypto as a mode of payment. They'll have nothing to do but to convert it into fiat before they can use it.Title: Re: The only safe haven currency is Bitcoin Post by: ghost424 on July 28, 2019, 05:35:26 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. Having a moniker like "Safe Haven" is really alarming. First of all, we know Bitcoin is integrated by using Blockchain Technology which has a high security system but all of other Cryptocurrency is also integrated using Blockchain but they are having news about being hacked, scammed and lost of data. We can never be too sure and that is why we need to stay careful about picking or choosing the Cryptocurrency that we will support and follow. We can still call Bitcoin safe because it is only hacked thru the carelessness of users. Title: Re: The only safe haven currency is Bitcoin Post by: emberbekas on July 28, 2019, 02:31:04 PM 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. Many countries have begun to recognize bitcoin as a digital asset. Bitcoin is difficult to be recognized by the government as a currency because the government certainly does not want the dominance of its currency to be disturbed by bitcoin. I think, recognition as a digital asset is good for bitcoin because it will give investors confidence Each country may have different policies related to the currency used as a payment method. Like here, in my place, there is no other currency that can be used as a payment tool except the local currency. Even the mighty USD cannot be used as a payment tool here, let alone bitcoin. So, treating bitcoin as an asset is already the better option for now. Title: Re: The only safe haven currency is Bitcoin Post by: bitmutiny on July 28, 2019, 02:42:09 PM What I sit up at night and wonder about is if everything in this world goes to shit and fiat is gone, will we have enough infrastructure left to support btc? Would gold even matter that much?
Title: Re: The only safe haven currency is Bitcoin Post by: bryant.coleman on July 29, 2019, 02:59:58 AM For Bitcoin, there are both advantages and disadvantages. Check these:
Advantages: 1. Can be easily moved from one place to another 2. Protected against inflation 3. Protected against asset seizure (to some extent) 4. Decentralized 5. Can't be banned Disadvantages: 1. Legality in doubt in the majority of the nations 2. Vulnerable to hacks and robberies 3. Not easily convertible to fiat 4. Not accepted everywhere as a direct payment mode 5. Confirmations take time |