Bitcoin Forum

In the ongoing epidemic of the Coronavirus, Bitcoin is considered a safe treasure that has not shown any positive signs of flight. Then the question arises as Is Bitcoin really a safe haven asset?

Your post is in the wrong section of bitcointalk, here we post only marketplace related services, I suggest that you move it to more discussion related boards such as the Economics and its childboards, Speculation. Here your post is out of place.

OP this is not the right section to talk about that matters and kindly move it on Bitcoin discussion board https://bitcointalk.org/index.php?board=1.0 where that is the proper place to talk about Bitcoin future and etc.

You must move these threads to the appropriate board and this must be on the board Bitcoin Discussion (https://bitcointalk.org/index.php?board=1.0).

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Yes, I would say bitcoin is a safe asset if the wallet you use to store a certain amount of bitcoin can be controlled by you and you also store privatekey without anyone knowing. I am sure you also know that bitcoin is an asset that has high volatility so it is not always suitable to save a certain amount of your money if you want a stable amount.

Bitcoin is still quite vulnerable to cases of theft, hacking, or other things that cause harm to its holders. Much user experience has been shared here and almost all of them stem from the mistakes of users or holders of bitcoin itself who fail to maintain the security of the wallet where they store bitcoin. If you want to know whether bitcoin is a safe asset then in my opinion there are two perceptions, namely safe against losing assets and safe from price stability. What do you want ?

Again with the CoronaVirus thing?
Why should it be connected again?

Why not just ask if bitcoin is a good asset as of now?
Yes, it is.
That is how they think by now. Maybe you ought to just do the same. Although it should be in the currency line, because of not much usage it became like gold which will just best to be kept.
You decide.

Actually, there is no a safe haven asset. All assets have their own weaknesses and no guarantee for the investors to be rich. Everything depends on how the investors to manage their assets. However, I agree that Bitcoin is one of the safest assets in the world. Even if it has high volatility, but the trend commonly is predictable. Instead, the volatility allows the investors to have a higher chance of big profits.

Few points to consider before you decide whether bitcoin is safe heaven or not -

1. Bitcoin is nowhere related to Corona Virus. It can't be!
2. Bitcoin's price is super volatile which is not an ideal characteristic for a safe heaven asset
3. Gold works better as a safe heaven

I hope it makes sense!

Yes I would consider bitcoin safe if bitcoin is not paired with any fiat currency for payments and is valued in Satoshis.
Cash is anonymous but keeping cash with you is risky since theft can occur any time.
Online payments with fiat is risky too since banks have all your information and can stop you any time from proceeding with your transactions.
Bitcoin on the other hand is safer than these since it is anonymous and is not controlled by anybody except you.
Yes bitcoin is prone to hacking but then they can hack bank accounts as well.

Bitcoin could potentially be a safe haven asset sometime in the future, as it has the important characteristics of gold, along with it's own advantages as well. Not because it's not that good of a hedge right now due to the heavy volatility it doesn't mean that it can't be one in the future. Gotta wait till the liquidity builds up slowly but surely for the volatility to decrease.

That's a no for me currently. We all know how volatile the price of BTC is, and you losing money just by holding it doesn't seem well-fitting for the term "safe haven". Additionally, the corona virus has no connection for BTC to be described as a safe haven. It has the potential though, since it has the limited supply that makes its value come to a stand still at a certain point in time. Though it may take a lot of time for that to happen, It still has the potential to, as long as its development is unhindered by some organizations that are set out to stop it from growing.

I wouldn’t say that bitcoin is a safe haven. For me, it is just an investment that is very risky and you should invest if you’re ready to take that risk. There are lots of people who are afraid of investing their money in Bitcoin and that’s because they are afraid to lose their money. Bitcoin has less liquidity than most other assets and comparing it to gold, I would say that gold is more of a safe haven than Bitcoin. When I invest in bitcoin, no matter what people say, I still invest what I can risk, and that’s because I know for sure that anything can happen here.

That Bitcoin is volatile doesn’t mean that you shouldn’t invest in it, but invest what you can afford to risk and then invest in other types of assets and stocks to diversify your investment, but not too much, just a few of them that you can easily keep up with.

If we look at the current price trend of Bitcoin, can you still say that Bitcoin is a Safe Haven Asset?  Those who bought at $10k are already bleeding with their portfolio now.  And a highly volatile asset can't be considered as Safe Haven because we do not know what will happen to our investment in it in the future.

Safe in a way that it wouldn't be affected by the virus because it's non-tangible. Like the government of China is worried about, they are about to burn, literally burn the paper money that they have for the potential affection of the virus so that it would no longer spread by simply touching it. About the question bitcoin as a safe haven, as a bitcoin investor I would say it's a yes. You haven't mentioned any other kind of asset to compare with so, I say yes.

Why is people really think that bitcoin or crypto is somewhat related to the current spread of corona virus? And what is the point really? there is no correct response here, it really up to the people, you can also call gold and stocks are safe haven asset for corona virus.

Yes indeed, before finley died he never sell his mined bitcoins and gave it to his daughter and grandchildren.

Corona virus wont make bitcoin fly, unless the virus affected workers of our daily remittance payment system.

I wouldn't shape an idea based on what has happened yet. Things are still uncertain, people are still in panic. The US stocks market has had its biggest drop in its history and today it just had the biggest rise. All things are too uncertain to give the "safe haven" idea of Bitcoin a shape as of now.

The following months will be very interesting. It will finally be proven for the first time ever what people think of BTC in reality, because I'm pretty sure most of us here are believers in a future of the crypto king. :)

I think op should doctor the write up and take away corona virus ish. If he talks about volatility and bitcoin safe heaven for investment, then it can be related to.


This is exactly the point with bitcoin that it is looking as if investment for it could be risky but every investment is risky and so, safe heaven for investment could be a mirage.

The scenario today is complicated, it is known that the only asset par excellence that functions as a safe haven and by history is gold, Bitcoin has participation many times as a "Safe Shelter" on a temporary basis, usually for large-scale inflationary economies. , but in the current case of the global epidemic, Bitcoin may rise at some point, it may work as a safe haven, but not permanently, because volatility is unique.

so here we go again?Corona Virus to be blamed for what is market ongoing drop?
sorry but i can't understand this?what fight do you mean and for what will bitcoin need to be involved?as a treasure this must not be affected.
depend on how you look at it,and how you trust something.

if you want to believe that this is?so be it but if not then the opposite will come.

It's not that bitcoin is not safe, but there is still a weakness. The price is very fluctuating in an uncertain time. There is also a lot of violence happening everywhere, so in my opinion bitcoin is not safe in storing assets for so long, but at times like this, I have no problem because right now tends to positive growth.
When the market economy plummets, then I think the best asset is gold because the stable price and high market value will not be shaken by anyone even though the world is rocking it.

Ofcourse it is, if you manage your risks, and no positive sign is because obviously the chinese government would rather create their own which can be controled.

I believe a combo of metal and btc/xmr/eth 50-50 would be best.
Even if ofc crypto is supposed to give you more profits than the other the world wide EMP the sun is charging is still a chance.

For me bitcoin hasn't proven its worth yet, I'm not saying that it is not a safe haven asset, but so far we haven't have use case or a concrete proof.

People still leverage this wealth on proven assets such as gold or other precious metal, crypto? not?

But perhaps down the line, many might see bitcoin, specially those younger generations, so we will have to see.

I think we should get used to it people would create all sort of things about corona virus and bitcoin.
And for OP's question I would be blunt for you,
You have seen how the market has been do you still consider it as a safe haven asset?
There are still some other investment that is far more safer and stable compare to BTC.

First of all you may need to have bitcoin first to know the exactly what in your concern.

As for corona virus, I've been watching several threads who discuss it. Even, some people have a thought that the decreased price was caused by corona virus.

So, if you mean bitcoin is safe heaven to store your money when the economic situation is bad then I would disagree it, the fact bitcoin price was decreasing.

Have you see it was happened? because if I predicted and I tried to find some information there was no negative information which I think it will make bitcoin price decrease.

But if you mean bitcoin is safe heaven that you can control by yourself then I will agree with that (which was stated by someone before me).

People dont know about technical knowledge is always asking like this. Bitcoin is a safe asset, Bitcoin is good for investment and etc. There are too many questions that bothering their mind because the truth they didn't know how Bitcoin will work and what is the function of this as a virtual currency.

First, know everything about Bitcoin and you didn't ask a question like this. Understand the risk and the market movement will give you an accurate answer to your questions.

Despite of the many issue ,the pandemic around the world,for one,i can say yes. In my own opinion,yes it is.Bitcoin can still be a safe haven for everyone.Though there a risk but  i still consider bitxoin over others.

To the people who voted "NO". There is a possibility that the pandemic will grow big enough, and force most of the world's banks, and stock/commodity/FOREX markets to close.

Bitcoin continues to run. 8)

With all my love for bitcoin, I do not consider it a reliable asset because of its volatility. You can buy 10 btcs for $10k per unit, and in a month everything will depreciate twice. This is not a quality that is associated with reliability. A plot of land that you buy for the money is extremely unlikely to depreciate as quickly.

Bitcoin is a good store of value, but it's not a safe haven since when investing in bitcoin, we are dealing with risk and reward, so we can either lose or be profitable in the end. For you to trust bitcoin as an investment, you need to fully educate yourself on bitcoin so you'll be confident holding it.

When holding bitcoin, it requires good timing when selling, we need to have good patience as sometimes the price will significantly dump and it could result to panic, but if you are not one of the weak hands, you'll not gonna make a bad decision, so as I said, educate yourself so you can hold it longer.

We don't know when the pandemic is over, but bitcoin has been tested through times that its a good asset.

Bitcoin has been a sheltered area for quite some time, as it has significant highlights of gold as its own benefit. Just because a support is unacceptable in the light of unprecedented instability does not mean that it is not going to be one in the next. If you want to continue until the liquidity slowly goes up, obviously the volatility can decrease.

Indeed. That's what's running in my mind when the pandemic started to hit the news, like everything's pretty much closed down. Stock market  is falling, and people with access to internet should find out about Bitcoin soon enough. Even if we got banks that allows long-distance payments through credit card, for the sake of privacy and convenience people would still choose Bitcoin.

IMO, there is no such thing as a safe haven investment.

I don't think we should be worrying about our lives in the future if we have an investment in a safe-haven asset and obviously, people would be fawning all over it since it is a safe-haven investment, isn't it? Another thing is that despite the good price movement of Bitcoin in the pandemic, it is still volatile so we can't really say that a risky cryptocurrency is a safe haven investment.

At night, March 13, the BitMex exchange stopped working for about 60 minutes, as reported on Twitter, for technical and hardware reasons. It happened at a time when bitcoin was falling most. After the stock engine stopped, bitcoin bounced back and started returning to its previous positions. This incident became the basis of theories later put forward by the community.

This situation has shown that nothing is really safe. We must observe and react ...

Yes, it is. Bitcoin is the safest cryptocurrency asset it will never turn scam or what. It is just like a normal currency like a dollar with better features. Anonymity, Limited supply, unlike dollar which they keep printing. With limited supply, it will be more valuable in the future. Like for an instance you bought bitcoin at a high price after 1 month it went down 50%. For me, it is still safe. From last bullrun it went down more than that but Bitcoin or cryptocurrency nature is moving up and down if it is not moving it is pretty much dead. Bitcoin can recover in time it has community trust.

The cryptocurrency market is highly volatile and unpredictable with ups and down and sadly, any currency having such features can not be regarded as a safe haven. This is the reason why expects would advise you to enter this market with cash that you can spare and invest what you can't afford to loose in a more secure investment option of rather keep your FIAT

Yea, I'd see it so but... Volatility is one dude that sometimes makes us feel like it is a safe hell. Lol. However, I don't really see any reason why someone would oppose to being a safe heaven asset

Bitcoin will not do good in the initial stages of the financial crisis because stocks and cryptocurrency market are correlated and many Institutional Investors have loss their money with the stock market crash and some have loans and debts to pay, now they have to cover their losses by selling assets and some of those are Bitcoin. In the coming days, months or years if the stock market situation gets worse then Bitcoin will truly decouple with it having a massive effect to the price.

Is BTC a safe Haven asset? Of course, not just because you buy BTC it does not mean that that will make you reach - it is just a misunderstanding. The thing about crypto is that is ultimately based on people's buying power and if that's not enough the fluctuations int he market which sometimes can be instigated artificially will cause you a lot of financial damages. So you're taking a huge risk by hoping that BTC (and no other crypto) will be the definite future and that is dangerous and most definitely not a haven safe!

Then we have to change its feature and therefore, it can be considered as a safe haven asset in the future. Because if we are referring it today, people will obviously not to think it was a safe investment but a higher risk. However, I understand what they feel, and as we felt it also but we can't change their mindset thinking Bitcoin is a way to make them rich. It can be of reality but it also depends on how to make a deal of it especially during the hard times.

Bitcoin has soared this week, climbing to $10,000 and revving up the market ahead of the closely-watched halving next week. The bitcoin price has now erased all its coronavirus crash losses, up almost 40% since January 1—and putting it on track to be one of the year’s best performing assets.

Safe for investment? Yes
Safe holding? Depends (platform).
Blockchain system safe? Yes.
Price Fluctuations? Yes.
Vulnerable to hackers? No (platform).

The corona epidemic did not have a negative effect on Bitcoin. Price fluctuations often occur, depending on how those big whales process information to raise the price of Bitcoin or drop.

The platform used is a question about asset security. Because not all platforms are safe for Bitcoin. If you have assets to hold, I suggest using the official platform. www.bitcoin.com supports several other digital assets.

Hacker problem? Bitcoin has been running for 10 years, only a small portion of wallets are attacked by hackers. This is not necessarily a mistake on the wallet (platform), it may be that the Bitcoin users are being careless. This happened at the very beginning Bitcoin was created.

Even today there is a thread about the Bitcoin wallet being hacked, occurring in 2010. And the next transaction is in 2020. The question is that the wallet is hacked, or the wallet owner is awake from his sleep (finding the private key again).

If you want to invest in Bitcoin, you must keep abreast of developments about Bitcoin. The price of Bitcoin is very high, losses are already in sight. But how do we process it from loss to become profit.

Bitcoin is a safe asset only if you understand the following points:

• You must have a secure wallet to store your bitcoins. Bitcoin is the best solution for you to carry out transactions anywhere easily and of course this convenience is accompanied by good security as long as you dont make mistakes and use them properly. Secure your wallet, because your wallet is your money and your money is your responsibility and when you have full control over the wallet, you must use it properly. Read more for secure your wallet (https://bitcoin.org/en/secure-your-wallet)
• Bitcoin prices are not stable. Bitcoin has unstable prices and can change quickly whether it goes up or down. If you want to maintain the stability of your money or savings, then bitcoin is not something recommended. Consider volatility if you want to invest.
• Transaction cant be canceled. If you want to make a transaction then check all the details of the destination address, the amount that you will send correctly because after you click send you cannot cancel it and that means your money is already someone else and You must know this.
• Bitcoin is not anonymous. You must make several efforts to protect your privacy on bitcoin. Even though your identity is unknown, all of your transaction history will remain on the network forever "permanently". However, there is a possibility that the identity of the owner can be revealed even though using a mixer. Need justification.
• Unconfirmed transactions are not safe. Read more (https://bitcoin.org/en/you-need-to-know#instant)
• Bitcoin is an experimental currency. Even though it is still experimental, bitcoin continues to be actively developed and every improvement will be interesting and can also create new challenges as adoption increases.
• Tax and government regulations. Although bitcoin is a currency, not all countries can accept bitcoin as a legal payment tool and usually these countries have regulations on legal currencies to spend. Taxes can also still be imposed on bitcoin users if a country has adopted bitcoin as a means of payment and in the form of income, sales, payroll, and capital gain taxes for anything that has value including bitcoin. Following those rules is important if you are under the jurisdiction of a country.

Reading References: https://bitcoin.org/en/you-need-to-know

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Here are some points that you must understand if you want to use bitcoin in the form of investment or trading. Now, bitcoin is safe or insecure depending on how you use it and if you use it correctly, you will get security from it.

Agreed, Bitcoin will be a safe haven asset only when you will know how to use it properly. Security comes first, if you want to hold Bitcoin for a long time, I would say it is better to use a hardware wallet. Whenever the price of Bitcoin drops below 6000, I bought some bitcoin and stored them in my hardware wallet. It has not disappointed me so far, every time I was able to make a good profit. So, it works as a safe haven asset for me.

Security is the main thing for every bitcoin user and bitcoin is a safe asset as long as the user does not make a mistake. Loss of assets, hacked wallet, loss of private key, and various other problems that cause the loss of bitcoin is a form of user carelessness that fails to secure its bitcoin assets.

There are many suggestions and steps to secure our assets that have been shared by forum contributors to all bitcoin users and we just need to do it . Only a few mistakes can cause us to lose this valuable asset. Basically the wallet and all funds in it is our responsibility to secure it and and the security of your bank account in real life.

Yep, bitcoin is really profiting when you are buying at a perfect time (or when in the bear season). But don't forget how volatile it was that could make it not safe.
The known risk in crypto is also a reason why people aren't giving much interest in investing crypto for they know that they will possibly lose their money at any time especially when you don't have enough knowledge in here. And talking about how the pandemic affects the market, well, it changes its course at the first but we are turning back to normal.

Essentially nothing is a safe heaven , even not Fiat , right now at the time of the pandemic we have seen some major changes and the ups and downs , therefore I do think nothing can be regarded as a safe heaven .
Bitcoins is very volatile plus it is dependent on the people how they treat their share of the Bitcoins and therefore we cannot just make an assumption and expect them to keep holding for a long while.
Plus we have whales here who can drop down the price by 50% , if all of them decides to move out .
But at the same time I do think that , Bitcoins is an amazing invention and people are able to use it for their day to day activities , so I hardly think anyone will abandon Bitcoins anytime soon . But then again , we cannot do anything regarding this .

It was really good to see that the market has already reached at $10k for quite sometimes after the hard drop because of the coronavirus becoming pandemic. It was then given to the extent how halving affects the market flows and makes a push to move higher but this not gives the assurance of being considered as a safe haven asset for that we know Bullish could also be changed into bearish even in that day.
Believing to it volatile in nature, I couldn't consider Bitcoin to be a safe haven asset, only I think as a profitable market but not it gives safety assurance to all crypto holders.

Bitcoin is one of the top investment no doubt, but I don't think it's a safe haven type investment. After investing, you can't sleep by ignoring the market, you have to look at the price so you can sell at high and earn profits! But most of the time bitcoin price remains low. If you did buy at 3800$, then Bitcoin is a safe haven already, but if you go for invest now, then you are taking a little bit risk!

I believe that it is China in the near future that will revolutionize Bitcoin as a safe haven.  until recently, the Chinese government was bad at cryptocurrencies and banned Bitcoin mining in the country.  but there is an opinion that in the near future the Chinese government will be able to change the status of Bitcoin, since economic problems in the country, as well as around the world, are forcing the Chinese government to seek safe refuge, because there is a real fear of a global recession.  Today, many Chinese investors are already investing in bitcoins, because there are big concerns that the yuan will lose value due to the aftermath of the trade war.  Thus, one of the strongest countries can actually use Bitcoin to save its economy.

Considering bitcoin as safe haven asset is not good idea because its value is changing due to its nature which is being volatile. Look what happened before, it crashed like other securities so we should not consider it as an asset that is safe. Everything depreciate even gold so we should be aware that prices moves in a trend. We should remove to our head the term safe haven especially if we are going to make investment because some of people are getting hyped when they thought that bitcoin is a safe haven.

In my opinion bitcoin is a safe haven asset, the same as gold. So bitcoin is indeed very good for investment choices. But because of the price
of bitcoin which is volatile, bitcoin is safe for long-term investment. So if you plan on investing for a period of 5-10 years, bitcoin is your right
choice as a safe haven asset.

Bitcoin is an asset but not safe haven, let's just compare the basic ones and the most discussed among all topics, bitcoin and gold, Gold is a safe haven and an asset since gold can store a value and it maintained its value over a long time period, it is volatile yes but it is very low that you would not even feel it when it drops, on the other side bitcoin, it is an asset because it can store a value but not a safe haven since it is very volatile, there is no word safe for something uncertain and volatile.

You cant measure the security of bitcoin only with its unstable price, but you must also consider security and convenience when making transactions and as stated in its innovation, bitcoin is an asset that makes it easy for you to make transactions wherever you are and when you are connected to the internet.

You wont even be recommended to save your money on bitcoin because the price is never stable. But you can make bitcoin a profitable investment asset only by exploiting market fluctuations.

I think there are two things that are true with Bitcoin's price:

1. Its price is going up due to its limited supply.
2. Its price is volatile due to its limited supply.

This is Bitcoin's design and therefore, its consequential properties. You can view it differently: an uncorrelated asset, a safe haven, a Store of Value. If your time horizon is long (5-10 years), Bitcoin can be all of those. But if your time horizon is short, Bitcoin is none of those.

Some people are going to tell you NO, and I know why; it's because they are fond of investing for a short term and at the end, since Bitcoin is a volatile asset, these people will end up losing their money. Well, if you ask me, the truth is that bitcoin is a safe haven and that's only for a long term and not short term. If you're going to be investing in Bitcoin for a short term, then you're not investing in it as a safe haven rather you're using it to make quick money which might not really work for you. Check out the bitcoin chart from 2008 to this 2020, you will see that it has been a steady growth from year to year.

The recent pandemic outbreak has proved bitcoin is one of the safest heaven asset because bitcoin faced a very big panic sell due to the pandemic but it got recovered in less than two months of time whereas most other big stocks yet to resume their recovery process.

While reading this question, A quote appeared in my feed in the advertising space like they occur these days in forum:


In today's world when money is numbers on a ledger with a free mandate to print as much as anybody can and potential of its value dropping or it getting confiscated, Bitcoin is people's money supported by institutional buying as well as peer to peer exchange/ movement. It is secured by mathematics and 130 Exahash of computing power. It is widely recognized and has been a social phenomena for over a decade now. On top of that, it has maintained its value through the worst pandemic of the last 100 years. It definitely is a safe haven.

On top of that, if you compare its costs on the fronts of a.) Storage b.) Security and c.) Mobility compared to other safe havens, it is much better than Gold, Bundles of Cash or a Swiss bank account.

Bitcoin is safe in the brain that it can be with you wherever you go to in the world. It's accessible anytime, No need to move it around like Gold. Your coins are private and can only be accessed by you. It grows faster than any other digital assets and such fast growth will add to the value of bitcoin as a haven Asset.

Indeed idea. Bitcoin isn't consider a safe haven asset in terms of its price. The price of bitcoin isn't stable and most of the time it changes. Bitcoin is one of the good and best asset yet you can't make sure what comes in the future knowing the idea of bitcoin. But ofcourse it is also depend on the person and its strategy. If you want bitcoin to be your best asset, you must learn and know some idea and knowledge on how to avoid loosing a lot of assets investment in bitcoin.

Gold or physical miney is a safe haven asset knowing it for its value that is stable and may not change for how many years may passed. Money isn't that essy to earn and it is not good for us to risk it in some unsure ways of earning even storing it or investing somewhere.

Unfortunately we can't still use bitcoin all over the world, well I hope that to happen. Bitcoin is a good investment, I just don't know if its a real safe haven until we experience it. I do have my investment with bitcoin and so far its working good but still people believes on gold to be a good safe haven, hoping that bitcoin will prove to be one as well.

Yes bitcoin is a good safe heaven cos investor and trader looks into it just like gold and it's has deep history from the origin