Bitcoin Forum

If Bitcoin is supposed to be a safe haven, why is BTC price (https://www.cryptozink.io/currencycoin/BTC/bitcoin/) keeps going down, down, and down while the world is on fire. The news that Turkey just invaded Syria should be positive news for Bitcoin. Oh, Iraqis going at it, Hong Kong, Haiti. What's going on folks? In a sea of red today, DECENTRALAND (MANA) price (https://www.cryptozink.io/currencycoin/MANA/decentraland/) is up 4.5%.

I realise that BTC has gone down a bit this past week and hasn't been bullish for a while now, but isn't it a stretch to say it keeps going down? I'm no trader but the price action seems pretty sideways and has been for a long time.

What's the connection to Decentraland?

 Safe haven by no means, never go all in hoping for security, it's a foolish way to lose the shirt off of your back. Bitcoin is in the regulation stage at the moment, I do believe that if we want the market to grow naturally  then we need a seamless integration with institutional investors and regulatory authorities. As of right now the guidance from the law bodies are coming in slowly. The IRS just issued a guidance recently, something a lot of people have been waiting on. There is also the SEC, their the guys cracking down on the ICO's that could potentially be considered as securities. Also there is the CFTC and the treasury as well.
    I really can't think of all the big governmental bodies involved, but the more guidance issued, the easier it will be to navigate safely and compliantly.

Just my two cents, off course!
Take it with a grain of salt and remember to practice you're Due Diligence!  ;)

It's just weird. Every time the "good" cryptos are doing back, some sh*t coins are doing good. I'm trying to see if there's a pattern.

Safe Haven for criminals and who don't want centralization. Bitcoin is used and  dry popular mode of payment in the darkweb. They are free to collect funds without being revealing themselves. Bitcoin is not a safe Haven for people wants stable income. No it doesn't work that way. Because we all know how the market behaves.

This is a weird post, look your advertising your own project, decentraland.

Bitcoin's price isn't really known to be stable, and anyone who uses Bitcoin for a safe and stable investment really doesn't understand the industry at all.

It's seen as something that's good against the government due to the decentralised aspects of it (governments can't regulate it).

I beg to slightly differ from your opinion but these are too harsh word because bitcoin was coded as a mean of hassle-free transactions without having to pay huge commission to government or third party and to have a control over our fund without the interference of government but it's sad to see how things have changed and it's going into wrong hands like criminals, smugglers and all.

That guy doesnt know what he is talking about. Dont pay any attention. Bitcoin is a technology it cannot be blamed for how it is used. If someone kills another with a hammer, you cannot blame the construction workers or the hammer. Passing blame doesnt help. I hate when criminals abuse things, thats when law makers want to interfere.

I wouldn't call it safe haven, at least for now. It may be when (and if) the price stabilizes, but no one can tell that for sure. Probably when enough people start using it.

Bitcoin is not supposed to be, nor has it ever been, a safe haven.  If the stock market crashed tomorrow, nobody in their right minds would start moving their money out of stocks and into bitcoin.  Metals and bonds and probably real estate too are supposed safe haven assets because their volatility is relatively low.  By contrast, bitcoin (and altcoins as well) are about as volatile as an investment can get.

The price is never going to stabilize to the extent that investors start thinking of bitcoin as 'safe'.  It's a ridiculously risky investment whether you realize it or not.

I agree it is a total weird post because OP is promoting his website with the decentraland project.

I know that Bitcoin has been suffering too much from the bearishness of it since last year and the altcoins too. With the high volatility of Bitcoin it can't act as a stable coin itself.

I'm really not convinced about this theory that war and economic upheaval are good for Bitcoin. Price discovery for Bitcoin began in 2010, so it's existed -- and flourished -- under very positive economic conditions. Continued growth, bullish stock markets, etc. If it's done so well under these conditions, what makes you think it would benefit from economic uncertainty?

There are very few assets (if any) that perform well during financial crises. A decade into this grand experiment, I don't expect Bitcoin to be one of them. Plus, Bitcoin went up over 300% earlier this year. Some decline should be expected no matter what the broader economic conditions are.

It all depends on your perspective if we evaluate Bitcoin only based on its last high of 20K$ we will probably get to your conclusion but if we put aside the price and evaluate it on its characteristics, it's a safe haven.

Imagine something that cannot be inflated, that cannot be controlled by any entity, that cannot be censored by any government.

Well, Bitcoin has all those characteristics, so before you speak against Bitcoin, learn about it.

Edit: typo

@OP, where did you get this idea? I think whoever had suggested this into you  about Bitcoin being a safe haven might be joking! How can BTC become a safe haven when we see its  regular price fluctuations which could be scary for someone planning to move their assets safely? This is ridiculous or maybe you are just plugging one of your stash for added exposure?  ;D

Bitcoin IS a safe haven. I guess it's only a matter of what it is that you or each of us consider bitcoin a safe haven for? because for me bitcoin being separate from the
government control is enough for me to call it a safe haven I'm there are more thing to add as to what make bitcoin as a safe haven. I also consider bitcoin as a safe haven
for traders,risk takers etc.. since they take advantage of bitcoin's volatile price.

Bitcoin isn't a safe haven, it's a hot mess.

Thanks to Blockstream we have 1 MB blocks and a network that's been converted into an L2 custodial system and settlement layer.

You can if the construction worker is the killer but nevertheless hammer should be innocent of any charge oh well if you disagree, can we charge the hammer of being an accomplice?

Anyway, I don't think that Bitcoin is a safe haven, it is just a technology being used and manipulated by people.  It is just a tool and whether it will be a safe haven or not depends on the peron or group of person manipulating it.  Even those in the dark web are not safe using Bitcoin since it is traceable.


I got the same thought but it seems OP is just comparing Bitcoin and that decentraland.  One of the best in cryptocurrency and one of the worst (probably), showing us the contradiction.

Who fooled you into believing that?

It has the potential some day to be a safe haven. Until then it's the same old speculative toy it's always been. I guess it's a good hook for pumpers to lure someone in for long enough to rip their knickers off.

when the price was $1000 they kept wanting it to rise in price and the price increased to $5000 in a few months, then temporarily dropped to $3000 and started complaining. the price went up to $7000 and they kept wishing the price to go higher, the price went up to $19000 and they kept wishing to price up more. the price drops to $3000 and they started complaining.

my question:

What would be the ideal price for people not to complain?

I don't think so! But for the sake of argument, based on what you've stated, its true that it cannot be controlled by any Government. So assuming that an investor bought Bitcoin on its ATH and kept it a cold wallet for long term hodling, and today he'd decided to sell it! Now, will he be thinking its a safe haven when he'd realized that  more than half of the value of his BTC was lost? I doubt he will!

Then I would also assume he would try to hodl it again and wait a little longer and hope it will regain its ATH just to make a break even with his original investment - praying for a bull market to come soon. ;D In this scenario, I don't think he will ever think again that Bitcoin is a safe haven as possibly as it could. ;D Imho.

Yeah you had point on that mate but of course people are looking for positive  that bitcoin get recovery again  in the right. Speaking of stable income we need to work regularly investing in bitcoin need to wait and patience when we can get profits for our daily needs.

How do you determine "safe"? Stable price? or the price is rising every time?
You must know that the Bitcoin price is volatile since no institution controls how much the price should be.
While If you need coins with a stable price, then you must choose stable coins like USDT, not BTC.

Remember that the decline creates an opportunity for everybody to get cheap assets. Then, it will make some gaps, when the price rises someday.
So, why you are afraid of the drop in price? It should increase again someday. shouldn't it?

He seems to think economic and political unrest should precipitate rising prices.

I'm not even sure how confidently we could apply that thinking to the most reputed "safe haven" asset, gold. Gold declined 45% from 2011-2015, though I'm sure one could point to times of political/economic upheaval during that period too.


Let's not be disingenuous. Almost every block is larger than 1MB now because of Segwit's block size increase.

Limiting block space is literally the only way to ensure that fees replace the initial mining subsidy, as the design entails. If you're not willing to compromise, there's always BCH, BSV, or an endless list of other altcoins to choose from.

One good way to shill. 😂 what are you expecting from crypto, ever since it had been created and gained fame the price had always been volatile and no one can speculate what might come next since the who market is driven in an open market. If you had been here for too long you would not depend all your hopes or money in crypto knowing how the market is.

Just one answer: You are looking at the price of Bitcoin for this week or maybe even for this month. Zoom out, look at the price of Bitcoin for the last, let's say, one year or even the past five years, and you can appreciate how Bitcoin has grown a lot. You see, while there are others who are calling Bitcoin as a safe haven that term is only applicable if you are holding long-term (maybe 5 years of holding) and not for those people who are doing it short-term (just months) as Bitcoin is definitely a very volatile digital asset. Until the time when Bitcoin can get away from its sometimes extreme volatility, we can not say that it is on the sale level as the real gold (the most popular safe haven asset). As what I am saying, just enjoy the ride of this roller-coaster.


Not all chaos can produce positive effect for Bitcoin. Any conflict or any upheaval political or economic in nature must lead to an upward demand for Bitcoin for it to influence the price of this asset. Now, if a particular war (just an example) is creating a big demand for bullets, bombs, grenades, tanks and even nuclear bombs then it will not have any effect on the price for Bitcoin. If we can make a campaign in conflict areas for people to buy Bitcoin because there is a big war coming, then maybe we can help the price of Bitcoin to go up even to $500,000 just like what some famous crypto personalities are predicting.

There are no safe havens. Bitcoin is volatile, it may keep your funds but it won't store it as is. It would lose, or gain, some money and that's not guaranteed. The only way it becomes a safe haven is because you cannot be tracked if you don't provide KYC. It's price is unpredictable, wars are only a factor but the magnitude they can affect the crypto-market really depends on the people and their knowledge of cryptocurrencies. There are still much more factors to consider to conclude the bitcoin's price movement.

We should know how the bitcoin behaves in the market. Bitcoin can use in the black market doing unnecessary things. It price goes down and down and down because of low demand. It has nothing to do with decentraland. It is about the market and the demand, for further knowledge try to check the graphs. 

if your basis is being safe thru market price if bitcoin, well I might say, safety in bitcoin relies in the underlying security features it has, in order to secure funds and make all the transactions safe and secured. Basically, a huge market price is considerably a bonus for bitcoin, but what is important is its reliability in every aspects.

Ask yourself the same question 10 years from now, and you will understand.

Wars tend to destabilize economies, in the regions where its occurring, but it also fuels the non affected economies. The conflicts you mention are very local and some are non issue, ie. Hong Kong is simply some people angry with their government and their government will squash them, period. Not unlike the 1% protesters of New York nobody remembers anymore. Turkey and Syria is quite old news, Syria has been in a state of war for years in parts of its territory. All their neighbors will do business as usual, and in fact some even profit with the misery of others. And no one cares for Haiti or my country for that matter, the Caribbean is boring.

What you ask is not even Bitcoin related, but market related. Why markets behave the way they do. For Bitcoin its fiat price is something external, Bitcoin will work just fine no matter how much or how little people are willing to exchange their fiat coins for it.

8k something that was worth zero 10 years ago? I say this is a triumph.

It does not mean that if there is crisis such as war bitcoin will benefit from it. Also if we look at the bigger picture what moves these middle east countries are the oil. The thing that will be directly affected by the conflict in those area will the value of oil but not bitcoin. People in the middle east is so focus on oil and dollar exchange and that they are not into cryptocurrency thus the conflict on middle east have no or less impact on bitcoin.

It's because bitcoin give a shit to what's going on around. And there is no correlation whatsoever so world events, sorry to burst the bubble for you. And remember that bitcoin is only a speculative asset, so why would someone hold their wealth on such investment as volatile as bitcoin.

Maybe just a few percentage of population as putting their wealth on bitcoin as store of value or safe haven. But majority are trading bitcoin to make more money, simply as that.

Nothing is heaven in this planet, If you want to stay heaven then you have to be dead, No other thing is Heaven, Bitcoin is a decentralized digital currency, it has the market trend where the price faces ups and downs on a regular basis, It's supposed to be a normal case for this platform, there is no connection with Syria, Irag, and other disorder area's act, So I didn't find any positive view from this thread, If you have wanted to relate the safe Heaven with the Price then that is different criteria, but I think the price volatility is not a new topic in this platform so far, so price decline is not a bad thing for every aspect, you can invest in Bitcoin at a low rate so you may create your own heaven.

That's right, it is just one way for us to have a convenient in making transactions, hustle free, stress free, as well as can do investment. Agree with you, heaven is a different scenario, should not put in this kind of topic as we can't see heaven here in our planet, all of us have freewill here and we all know that we will all die someday, so it will be up to us what we will do in our life here on Earth.

Bitcoin has nothing to do with the economy of many countries, and it doesn't mean that if there's a crisis in one country, investors will automatically shift their money to bitcoin. We have to understand that bitcoin is still new, and the adoption is still low and that is why bitcoin is down as well. You have nothing to worry about because bitcoin is still stable around $8k - $10k and I believe when the bear market is done, the value of bitcoin will become a good place for investors.

Bitcoin is still far away to be claimed as a safe haven, look at the volatility.
If you want to buy assets in which the price will not decline sharply in a short time, just buy the gold bar.

Bitcoin can't save a country in war or chaos such as mentioned, it just a medium of exchange, can't be eaten and useless if there's no one want to sell their food for bitcoin.


I'm literally laughing out loud reading this  ;D ;D

Yeah, there are many people who have a convince that the economic situation will meet a bad phase since there is several countries which can give an influenced against the economic situation on this world. Such as China and US, until now the both countries is indeed have an ability to change the economic situation in this world and recently I have read some information in some medias that the bot countries will meet a trade war. So as some people (I just guessing who has a convince to this situation is bitcoin user/crypto user as a whole) have a prediction that this situation will affect to bitcoin price since the bitcoin system is decentralized and there is no one who can be able to change it.

In theory I believe this situation is indeed will affect to bitcoin price. And also, for those who know bitcoin too will move their asset into it. But I doubt for those who hasn't known bitcoin, most of them won't take any action to buy bitcoin but they will buy some assets such as proverty, land and etc because to buy bitcoin they will just add another risk. So, I just guessing for those people who says that bitcoin can be included as safe haven then it is just for bitcoin user itself nor for them who hasn't been known it. And this is the reason why bitcoin hasn't meet an increasing price even it is price just decreasing.

This post would have really meant something had you not inserted in all caps decentraland (mana), that comes especially with a praise while discrediting Bitcoin, and a link as well.  ;D As it is, this post is nothing but a sheer shilling for the aforementioned altcoin.

Anyhow, perhaps the wars are too small for Bitcoin's price to be on fire as well? Suppose the wars are happening on a larger scale, say World War III, would you suppose the price will also rally in strides?

Yes true bitcoin is not really stable if someone invest in bitcoin i know that they will know and understand what they are entering.
Bitcoin can not be safe haven because the price is not stable and we don't know what is the next price of bitcoin.

Bitcoin is falling but if you look at the bitcoin chart from then on you will see how it can recover and rise. The problem is that we don't know how to be patient and we don't know enough about bitcoin.

Bitcoin will not be a safe haven if you do not know how to use it.

Ok, not all bad news is good for Bitcoin.  ::)

Yes, political conflict has a negative influence on global markets and then these investors start looking for safe havens to hedge against potential losses on the stock markets, but Bitcoin has lost almost 80% of it's value and that might have scared some investors, so they might be hesitant to hedge their losses in a commodity that can lose 80%+ of it's value within a year.  ::)

Bitcoin has recovered slightly since the beginning of 2018, but it is nowhere close to the ATH of $18 000+ that it was back in 2017.  ::)