Bitcoin Forum

Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.

Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.

As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.

A slightly hot take: it's probably not a safe-haven(not a good one, at least) asset right now, but it could be a great one some time in the future.

Why? Because I think it's really safe to assume that people aren't really even holding Bitcoin as a safe-haven asset or as a "hedge" in the first place. Most people hold it right now solely for speculative reasons.

Yes, it could perform really horribly in the next global recession, and I really wouldn't be surprised. But it doesn't mean it will perform horribly in every single global recession forever. Bitcoin, in it's current state, simply lacks the liquidity and lacks enough people that at least primarily hold it as a safe-haven asset.

In the end, time will tell. And tell you what, if bitcoin actually did perform greatly and not drop along with the S&P500? Oh boy. 🚀

I don't think there's really a asset that we can call safe-haven to begin with. There is gold, but it also had some ups and downs. As for bitcoin, really depends on how you look at it, of course bitcoin maximalist and fanatics are going to preach how it will be a good hedge in this pandemic. But you have to understand how volatile it is, the risk involved, supply-and-demand scenario, etc. So it's really hard to answer your questions.

Bitcoin is a cryptocurrency that is not managed by banks and agencies. So it has a high risk if investing. Yes, maybe Bitcoin is more likely to be compared to gold, but in terms of the advantages that Bitcoin has gained superior. Crypto assets are very volatile, Bitcoin can increase rapidly as in 2017, reaching the price of US $20,000. So if you're asking about secure assets? Bitcoin assets are unsafe. This investment is at risk and you should be smart to become a trader, although at risk is able to make a big profit.

To me that in the year 2017, Bitcoin could reach its peak. So I'm sure if Bitcoin can return to its peak in the future.

It's dependent on your definition of a safe haven. If we're talking one's investment value then that's a big nope for me and anyone hawking that view is suspect. Anything could happen still. There's nowhere near enough track record to come to that conclusion.

If we're talking about shielding your wealth from seizure and being able to transport it across borders unmolested then as a literal safe haven there's nothing else like it.

If you can see there are a lot of people and news stating that the bitcoin today is one of the safest heavens to storing your funds because today because of the pandemic outbreak which is the virus some of the economies of the country fall down rapidly and some of them are not enough to make a full recovery and now some of them does want to make an investment but the problem is they don't have enough information and not good to make an investment into fiat currency instead they make an investment to the bitcoin because it is easier to make a profit on it just make a good investment when the market falls down and wait for a long time investment to increase the market price and now you will get your profit easily.

In the fiat currency today it is not good because some of the countries fall down and the movement of the money is not too volatile and falls down.

Why is gold a safe-haven to begin with? What makes gold have a price? The mining cost is irrelevant to the extreme valuation of this asset.

Gold has no intrinsic value. The price is what people believe it should have. I remember a no-coiner proclaiming a few months ago that Bitcoin has no intrinsic value.
This statement is not true as it does have a huge production cost which in turn supports the security of the network. In my opinion it is gold that is not a store of value anymore.

Buy Bitcoin BTC just in case you were wrong. The world in general is more volatile than Bitcoin. You make plans, spend years to learn skills, get a degree, get a second degree, find a job and one day you wake up and learn from the news that your economy just collapsed. Your stonks went to zero, your bank blocks your withdrawls, capital controls take place, the value of your home drops by 50%, the company you work for went bankrupt, etc.
It is important to have a plan and even if you are a gold bug, consider that you might be wrong about gold being a safe asset. Since you have an interest in Bitcoin you will eventually figure out that it has all the required properties of being a safe-harbor and a store of value and has proved so in certain cases.

We can say currently we are encountering global recession. But even on this recession bitcoin still playing a good role although it was dumped for quite sometimes but overall performance is admirable. In this case bitcoin is safe haven for some people. We can't expect bitcoin is the safe haven for everyone because everyone's thought isn't same. Holding bitcoin is risky as well if you can't wait for longer. Because we really don't know when it will pump or dump. Main reason we can't say safe haven for everyone is much volatility of bitcoin price. That's the one of main risk for holders. But for bitcoin lovers like me, yes it's always safe haven because I can say I am owner of this assets and I am the one who controlling.

Bitcoin's value is largely decided by trust. Same goes for gold.

It has a history that goes back thousands of years. A fistful of gold in 300 BC still buys plenty of stuff thousands of years later. That's pretty compelling to many people.

Gold's actual qualities have settled its fate too. It's relatively common, but not too common. It can be shaped and reformed easily. The colour turns us on. It does have some actual usage, though that only contributes to a fraction of its value.

Personally I have less than zero interest in gold but I doubt it's going anywhere in our lifetimes.

in my opinion, bitcoin has a good performance for now, people who buy bitcoin must understand very well about the risks, because it could be that when he bought it in the future bitcoin experienced a drastic decline, but despite so many people who like bitcoin, I am a bitcoin enthusiast but I didn't buy it with all my assets, I also bought a few stable coins.

Well, I don't hold gold, but gold's value is pretty stable if you ask me, and that's definitely something you would want in a safe-haven asset. Don't get me wrong, I'm a huge ass bitcoin bull, but when talking about safe-haven assets, bitcoin is mostly not the best choice as it's kinda untested.


Well, bitcoin and gold are priced the same: through solely supply and demand. Arguing which one has and doesn't have intrinsic value is quite silly in my opinion as both has really similar monetary characteristics.

Uncertainty is what makes it not be a safe haven asset. When you'll buy BTC and know that no matter what happens it'll grow during hard times or at least be somewhat stable, you could place it in that category. But honestly, the fact that it's only around a decade since it was born gives you doubts. It might've been the same when precious metals such as gold were found. Now it has a history and it's still being used after so long in so many domains.

You can't go to a Bitcoin ATM and say "I'll buy this for hard times". I mean you can, but it'd be silly to think that way. This year's beginning was a great test for BTC as a safe haven and it unfortunately failed, at least temporarily. Give it time - for now, it's mostly speculative. Maybe things will be decided within 2-3 generations.

There is a limited number of bitcoins than can ever exist. On the other had there is a lot of gold in the solar system.

Bitcoin has 2 weaknesses.
1. The bitcoin encryption could be broken. Be it QC or a clever algorithm or whatever. That would make bitcoin almost worthless overnight.
2. The blockchain grows every day. Unless something is done, eventually it will become too big. And then one by one the nodes will quit supporting the network.

Compared to gold, bitcoin is unsecure. Gold can't lose all of its value overnight.
 

Since Bitcoin has settled down to around $9,000 per - even though it fluctuates a bit - Bitcoin has become an increasing loss just like many other assets.

How is Bitcoin an increasing loss? Inflation. Bitcoin is maintaining its value around $9,000. So, it is being deflated by inflation just as $9,000 in fiat would be.

To make matters worse, standard official inflation is several times less than true inflation. And regarding value of some things that can be owned, Bitcoin has become a great loss because of this. Consider that the price of most food items has doubled or more in the last 2 years. But Bitcoin has bounced around this $9,000 mark.

Don't keep your money in Bitcoin, or in fiat. Find something of value that is steadily climbing. Whatever you find like this, it will probably have to be something that the average public doesn't really understand about, or wants but can't have for some reason.

8)

I'd like to address these constructively.

1. Technically true, without a doubt. But let's take note that Bitcoin's encryption being broken is going to be the least of our problems if the encryption was actually broken.

2. While Bitcoin's blockchain is indeed growing day by day(currently at 285MB according to Blockchain.com[1]), and that's with a decade of existing. It's growing really really slow, to the fact that technology is growing A LOT faster. A 1 terabyte micro SD card[2] already exists for crying out loud. 10 years ago we had like what? 16-32 gigabytes max on SD cards?


Not sure how you even compare Bitcoin's security to a piece of metal to be honest. Also, remember that gold can a lot more easily be faked. To be completely sure if the gold you're receiving is actually legit, you'd have to do some chemistry or some applying of pressure or go ask some business to verify it for you.

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[1] https://www.blockchain.com/charts/blocks-size
[2] https://www.amazon.com/SanDisk-Extreme-microSDXC-Memory-Adapter/dp/B07P9W5HJV

Trust? I thought the system was trustless.
The history of gold ended with the advance of technology. Gold is nothing now, and in the next one hundred years it will keep losing value. It is overpriced manipulated and useless asset.



If your chart only has two variables then it's like that. Thank you for your comment. I find your argument silly as well.

Well most of us take the definition of safe haven asset as less volatile or not volatile asset at all, so that only means that we cannot accept, at least for now, bitcoin as a safe haven asset. Basically the movement of price of bitcoin is the reason why we cannot say that it is. But I'm thinking what if the price of bitcoin stays at $9K for a year? can we consider it as safe haven investment? or a riskier one because it looks like a tectonic plate that might move any time?

But a sudden deposit of huge amount might be hold by the exchanges right? or if you carry a hardware wallet it is still not totally safe and you might just lost it forever.

High risk, high profit.

I see bitcoin is still there.
It is not a fully pledged currency that could be used every day.
An asset to a greater percentage of bitcoin bag holders.
So, it will still depend on whoever will buy it. It's our choice. No one forced us to do so.  It's your risk at the end and hopes there will be no regrets.
It is not a safe-haven or whatever whatchamacallit.

Even after more than 10 years of its existence bitcoin is still considered as a new currency and many people say it is digital gold which also holds true.
Bitcoin is actually a safe heaven when it comes to both, the finances and security as well. Bitcoin wallets are more secure than traditional bank accounts as they can only be accessed by the password of the owner or the private key that they have, they can't be bruteforced by someone(at least there isn't any known case of it happening in the real world).
In terms of your money as well it is a safe heaven as it is always rising in value and it will continue to do so because of the code and rules on which it is built upon.

This subject has been discussed a couple of times before. Nonetheless, I will share my take on it.  Bitcoin is not a safe haven asset (at least not for now) but it certainly won't go down the drain with  other traditional market instruments. Bitcoin is actually bigger than most people think it is. Given the opportunity, Bitcoin would perform better than traditional assets. So far so good, Bitcoin has held its ground.

Who remembered the market crash sometime in march? Where traditional assets plunged hard? Yes. Bitcoin did too but It has fully recovered from that loss.

That is not comforting at all. I have heard the same comment before, but it is not less of a problem, if others (eg. banks) are having problems too. If you compare to gold, banks having problems is not a problem with you holding gold.
  
Bitcoin can't be faked, and it is one of bitcoins strengths. But if you have gold that has been verified to be real what could happen to it besides it being robbed? Nothing.

Oh it's definitely not comforting. But if we reach to a point that it's going to be THAT bad, while you still have your gold with you(which is a good thing), what it will be priced in will be questionable(though I'm not saying it will crash). Because in such a case, not sure if gold is the best asset to own as it's probably going to be chaotic.


True. But the problem here is not necessarily the gold that you own that you think is legitimate. It's the process of knowing if every gold you receive is legitimate. Imagine manually verifying each gold nugget you receive. This is a problem if you're planning on actually owning the gold physically.

another problem that it doesn't look like a problem until it becomes a disaster is that nowadays with all these markets and banksters people aren't even physically owning bitcoin. paper gold, contracts and all that crap have replaced it. if things go bad all these people are also screwed :D

It's considerable to us as a crypto enthusiast that Bitcoin is a part of safe-haven investment even though there is a possibility of high risk but we know that times come we got a folded profit when the market becomes bullish.

We're all looking for safe-haven investment but the fact that burden us and I believed that fear and anxiety was the obstacle in choosing a safe-haven investment, negative emotion will bring you down. If you believed that you are safe in investing in crypto, go on and stand of what you have been believed, if that is gold, government bond, or what so ever kind of investment. Because all form of investment has a risk, you will never know what will happen next.

Not every Bitcoin enthusiast would agree Bitcoin is a safe haven. Some consider Bitcoin as money, some consider it a risky but potentially profitable investment, many just use it for trading. It's also hard to say what qualifies as a good safe haven. For instance, when Bitcoin dropped in the middle of March, Antonopoulos said Bitcoin's not a safe haven at all and that he's been saying it before. However, just in June there've been discussions that Bitcoin is the best performing asset of 2020, given the situation, so maybe it's not such a bad safe haven after all, albeit an unstable one. My view is that gold is more stable and is probably better if the person's purpose is to keep wealth safe rather than risk but have a chance of making this wealth more significant.

Many people are saying that bitcoin is really a safe heaven. It is talked for so many times and discussed many times by cryptocurrency people. I agree that for now bitcoin cannot be considered as a safe haven. In this time bitcoin is not that famous, yes many people know about bitcoin but the number of people who do not know about bitcoin is much higher. Many people still think that bitcoin and cryptocurrency is a scam due to many hackers and scammers. Though bitcoin cannot be considered as a safe haven now I know that in the future bitcoin will rise. Bitcoin really has the potential to be a number one cryptocurrency in the world. Given that the traditional currencies nowadays perform really good woth the bitcoin.

It totally depends. Based on current situation, most people will say no. Other who will argue saying that it is a "safe-haven" are likely being ignorant and won't be able to come up with proper argument when you start counter arguing their opinion.
We don't know whats written no the fate of bitcoin. No one knows what is going to happen next. It can prevail or it can die.

The system is. But it's trustless as in you don't need a third party to prove that the money I gave you came from my wallet, has not been double spent so the coins exist and are legit and is valid.

That is completely different from the trust some people put in BTC. You need to trust Bitcoin as in you need to believe it'd be a good choice during a recession for it to survive.

If enough people do not believe it's a good safe haven asset, it won't be. Price is decided by us. If you don't believe BTC would be a good choice during a crisis, you'd sell. Same goes for other people. Well, if the number of coins sold exceeds the number of coins bought during a recession, price would obviously fail. You can't have 80% of the Apple fans never buying their products again without a big downfall and potential even collapse of it. We decide how some things go.

A large part of the electronics even you use have small quantities of gold or silver in them. Ever heard of "gold-coated adaptors"? To me it still looks like gold is something. We may not be creating and using golden tools anymore, but it's still used a lot in many industries. In fact, your "overpriced, manipulated and useless" part doesn't even make sense if you take a 5 second look at the gold price chart over the last 10 years.

https://www.sbcgold.com/wp-content/uploads/2012/11/gold-price-history-chart.png

It's too soon to say that Bitcoin is a safe haven asset, at least for now Bitcoin can't be a safe haven asset. The reason is simple
because the price of Bitcoin is volatile, and there is also gold that is more suitable as a safe haven for now. Bitcoin as the best
performing asset, should be used for trading. Because it can make a lot of money, but not close possibly in the future bitcoin
can become truly a safe haven.

For me it is because I value my privacy and the ability to take money anywhere I go. Bitcoin allows me to do it.

I don't excpect it to work as a hedge to world finances and hold value when everything else crashes. It will never work this way.

Again I see a thread who discuss a safe-haven asset, whereas there are many threads already
which debating against it, as you can here

1. https://bitcointalk.org/index.php?topic=5242905.0
2. https://bitcointalk.org/index.php?topic=5253691.0
3. https://bitcointalk.org/index.php?topic=5229748.0
4. https://bitcointalk.org/index.php?topic=5255990.0
5. https://bitcointalk.org/index.php?topic=5244620.0
6. https://bitcointalk.org/index.php?topic=5232419.0
7. https://bitcointalk.org/index.php?topic=5219937.0

But for myself I'll take it as simple as possible, I'll use bitcoin as much as I can, I don't care about what many people consider. Because to me, I can use bitcoin in many functions not only fixated on a safe haven asset or a currency.

I agree, no asset seems to deserve called "safe-haven". Even Gold has uptrend and downtrend in price. Maybe the safest asset is the land, but it is something quite limited and not to own massively. Regarding Bitcoin, it shouldn't be called as a safe-haven asset since it has some risks that everyone must pay serious attention to.
- It has a high volatility
- The market is unstable or fluctuating
- Serious threats from hackers
- The real use in daily life is still very limited
- Etc

Read more here: https://www.forbes.com/sites/forbesfinancecouncil/2018/12/05/the-top-10-risks-of-bitcoin-investing-and-how-to-avoid-them/#658a9b932407

The OP should visit those above mentioned thread to gain more perspectives on this matter. But yes, if you are not focusing on being the safe have asset or not, one can always use bitcoin in so many ways. But if a person wants it to hold for long time without touching it once acquired, I believe that person needs to educate himself more about crypto and the risks involved. So he will not be disappointed if the expectations are not met.

First of all, lets take the definition of safe-haven asset base on Investopedia (https://www.investopedia.com/terms/s/safe-haven.asp).


The main idea here is the bold text base on the definition. In that part alone, we can say that Bitcoin isn't considered a safe haven asset because it doesn't limit the investors to the exposure of losses. We saw Bitcoin going down and up many times already and did some huge downside movement.

Online is a completely uncertain world. You always have to keep in mind the damage. You can't do big things here without risk. Since Bitcoin is currently at the top of popularity. Bitcoin promotion and spread is increasing. Considering all these aspects, it can be said that yes Bitcoin truly a safe-haven asset.

I think the potential performance of Bitcoin is going to be better as the global recession intensifies. We can call Bitcoin a safe haven but Bitcoin is a volatile currency and its price always fluctuates. Therefore, depending on the market its price increases However the emergence of Bitcoin after the recession so if the demand for Bitcoin increases after the epidemic it will give much better performance Contributes to the development of the country's economy.

How much is your interest in bitcoin, in other words the security in bitcoin is measured by the size of the investment risk and its prompt return.

Bitcoin is safe in the long term, whatever the return you have (up-down) the risk is held by people who convert their Fiat money into bitcoin, with fear, and not as an investor, if they did it as an investment they knew that there is a level risk, by the way natural of the stock market or trade, not just bitcoin.

Bitcoin is an asset that every person who wants to invest or diversify their investment portfolio must have, but the best bitcoin has an investment range that starts from 1 satoshi, so start investing now!
Bitcoin's security lies in yourself, don't try to guess how much to invest, especially based on third-party results.

First things first, what are you definition about the word "safe haven"? we have all different perception about the definition of that word, for me, it's a thing that we can give our full trust whenever we want to do something but the thing is there is no safe haven asset in this crypto world, all cryptocurrency changes its price time by time, it's hard to believe because there are times that we get lost of our money because of believing so mich about cryptocurrency, we do invest and trading which results for being lost sometimes.
Indeed, that year is the best year for all crypto users, its the time when the bitcoin price reaches so high which makes us earn so much money when we had invested our money before it started.

If you ask me,Bitcoin should NOT be a safe heaven asset.Bitcoin should be a fully functional currency used by millions of people in their daily life for purchasing goods and services both online and offline.
Unfortunately,the limited supply+volatile demand or Bitcoin leads to a high price volatility,which makes Bitcoin not very suitable for a functional currency.
We can decide whether or not Bitcoin is a safe heaven asset only after this recession ends,so we could analyze the Bitcoin price behavior during the entire recession.

Not yet, but is has the potential to become one in the future. As for now, it´s an additional asset, one that can change the world or actually is. The thing with new things is, humans prefer their old-school, safe, way of doing things because of fear of uncertainty. The main advise is, never put all your eggs in one basket, never invest in a coin (or any other random asset) if you don´t know the details about it and never invest money you can´t afford to lose. As for Bitcoin, patience is needed. You might be down and losing in the short term but the long distance runner wins the game.

Bitcoin is a speculative asset.

Altcoins are good also if you want to manipulate other coins than bitcoin. But right now, I don't see any improvement in bitcoin's price due to this pandemic. I know that there are factors that affected it very much, that's why as soon as possible, I think of some other ways where I can make money and earn profits. Sometimes being a wise man when it comes to cryptocurrency will help you grow your assets as you know if the coin that you're holding is safe and will surely give you a bright future. Once bitcoin is in its high price, it will really make you successful enough. Just trust bitcoin and look for another way of finding sources of profit like altcoin investments or trading using cryptocurrency.

Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

It's you freedom to think and treat bitcoin, if you are positive that this industry will succeed more in the
future, you can start bagging more assets
then you'll just need to wait till everything pumped up and bring you value that you are aiming for your
good benefits.
The advancement still in progress and adoptions are now showing from places to places of the world, we
are unsure though but it's better to start storing then enjoy after.

If he wants to have a safe-haven asset, he can choose gold, and start to invest while the price of gold is not rising. Bitcoin will be still too volatile, and bitcoin have a high risk if he wants to invest his money in bitcoin. He should know that the risk will be there, and he needs to learn how to minimize the risk, so he can still make a profit. But if he can have the patience to wait for a long time, I think he can make a big profit from bitcoin, and we already saw it before. But still, we need to control ourselves if we have bitcoin because the price will always change every day.

Though, many are against the opinion as seen Bitcoin as a safe haven assets. Bitcoin is volatile in nature and with this nature many stood against it as being a safe haven asset. But, the truth of the whole thing is, the  more the risk the more the profits. With this simple illustration, I considered Bitcoin as a safe haven assets than gold among others. I don't look at bitcoin volatility but always in consideration of my profits when holding or trading Bitcoin.
Everyone with their own opinion on bitcoin volatility, looking beyond this obstacles in bitcoin make it safe haven asset in my opinion.

Fully support this idea. We keep talking about the present, the short term, and months ahead when Bitcoin is really a proven long term safety net. OK, whether or not it will be good like gold or better or worse, that's all for argument sake but the risk is as you say, for those who invest with fear.

Always put in what you can afford to lose and the fear is gone.

Bitcoin market trend keeps changing always and that is hard to see it correlated to the stock market once it dumps Bitcoin will also dump. We have nothing to compare about gold for its stability unlike what Bitcoin has. The future of Bitcoin still uncertain and that we can't be sure its growth its either it rises or it a dump, but one thing we can be sure about Bitcoin still be existed.
Thus, thinking about the "safe-haven asset", I'm in no doubt to choose gold.

It depends on how the bitcoin holder deals with the market. Bitcoin is really a safe-haven once you are good at manipulating it, once you are effective in making transactions whether to buy or sell, that will give you huge amount of profits. We have different attitude and strategies in holding our assets and it depends on the person if he is willing to invest in bitcoin.

Many of us are still not that good at holding btc and greed is still the number 1 problem. My friend is very afraid about investing in bitcoin but I told him to study about it and months later, he is so determined to have an investment. Bitcoin's price is not that good that time but still he risks his money for his future. So for me, bitcoin is worth it if you try to make it as your investment for your future errands.

Is there any asset that didn't fall during the pandemic? Every asset or stocks I know all decreased in price when the pandemic started. Gold is the only asset that seemed to be strong at first and even before the pandemic started, when there was oil war, the price kept going up but after some time it fell. People do say that gold is a safe haven, so with what happened, are you still going to say that gold is a safe haven?

Bitcoin was on a movement that seemed like a bull run, but took a deep when the pandemic started. Despite that, it still recovered quickly within a short time, that's what matters the most. And besides, the drop even gave us the opportunity to buy BTC at a cheaper rate.

Bitcoin can indeed be called a refuge if the global economic crisis comes soon. We hope that people will protect themselves from the inflation of ordinary currencies and invest in bitcoin and other potential cryptocurrencies. I think that in the near future we will be able to verify this.
At the same time, as a means of accumulation and value, I would not classify bitcoin as a safe haven. This is very hindered by the high price volatility of bitcoin.

Bitcoin is really safe there are so many safe ways to store the bitcoin that we have, bitcoin wallet with a private keys are really amazing, you are the only person that can open your wallet with the use of the private key just put your private key in the safe place, so that there is no other people arround that can get the keys and open your wallet.

The current and coming year will be considered a test for all cryptocurrencies to prove their usefulness in the event of economic crises and the collapse of many countries.
If it succeeds, it may be considered the beginning of the transformation of digital currencies as an investment activity,
the countries will begin to impose laws and the beginning of adoption.
it will be a good start.

I think, now Bitcoin is a safe-haven asset. There are a lot of investor in Bitcoin and there are many people who are interested about BTC. Another thing is the demand of BTC is increasing day by day, and you know that the total supply of BTC is limited. so, if the demand of BTC will increase, the price will continue to rise too, at the same time its popularity will be increased. now many countries are trying to legalize BTC. I think, then there will be no doubt about BTC's safety.

Doubts about bitcoin are indeed a natural thing for some people who are new to bitcoin and know their high voting. but for people who are familiar with bitcoin and have analysis and predictions for the future of bitcoin, they will certainly choose to invest in bitcoin.
The risk will remain and will not be eliminated even in the next generation. Risks can only be minimized or reduced risk on bitcoin by knowing technical and fundamental science. Because this knowledge is useful for analyzing and predicting bitcoin in the future.

Price spikes and price drops will always be there. stay careful and keep an eye on bitcoin.

I think there are no 100% safe assets, gold is maybe the most safe but it also has it's risks...
It is really hard to tell if Bitcoin would resist a global recession, it would be the first time that there is an asset with bitcoin characteristics facing a major global recession against all traditional assets, it would depend a lot on adoption, regulations and the true use case of bitcoin (meaning if holders keep it for it's "store of value" characteristics or for use in daily payments, or simply keep holding it for speculatory purposes)
I guess this is one of those questions that only time will be able to answer

It is becoming clear that those that position Bitcoin as a safe-haven asset are only interested in shilling their bag

Am not saying that bitcoin isn't a speculatives asset but that even being such, still have the potentials of be a safe haven asset. I have been  here with bitcoin and have equally studied the ecosystem to find out that, on a long-term purpose, bitcoin is a safe haven even being a speculative asset. For those who actually invested into bitcoin  some five years should be in agreement with this.

Sorry mate but it seems that you misunderstand the concept of a safe haven. A safe have is an asset that have strong value where its price will not be affected by negative emotions in the market like fear and doubt especially when there is a recession that is happening. The price of the bitcoin drops really bad and it proved that its value is purely affected by the fear which is not a characteristic of a safe haven asset. The risks are too high especially because of its unusual price movement.

I don't guarantee that Bitcoin is a completely secure asset. But Bitcoin also has many benefits such as:
1. P2P Transfer instant.
2. You can transfer anywhere (same difference in gold, Bitcoin can be transferred everywhere).
3. In addition, transfer costs are very low.
4. Trading profits are enormous.
And many more advantages.

Then I returned again to the main topic that this asset has a high risk. You save in a Bitcoin wallet also has a risk. But all, of course, have to be careful and the keywords are kept in place offline.

Bitcoin trading is a high-risk activity, prices heavily influenced demand, even global news can also affect the price movement of Bitcoin, so before you buy or invest, think well.

No Not at all bitcoin can't be said a safe haven asset. Yes there is one thing that I feel that in times of uncertainty in stock markets bitcoin does shows some stability and even some upward movement so if you are looking for short term safe heaven then yes bitcoin can be used as an option. Otherwise yes it is purely  a speculative risk asset. It has a great underlying blockchain but today that blockchain really isn't worth the market capitalization bitcoin is carrying. But yes at time of a global recession I think it's price will definitely move upwards. But yes here I would highlight another major question. Is there any Safe heaven asset anywhere at all? I mean bank fixed deposit can get doomed if banks shut down while crude oil which was once considered a safe heaven has seen rock bottom. I feel that even gold would suffer a similar fate.

Nothing to say that Bitcoin is truly a safe-haven asset since its creation but have something to say that it was really potentially profitable. What does it look like that it is because of its volatility feature which really far different from the others? Gold is also (less) volatile, and I think all the assets around but they all just of big difference from how Bitcoin moves and easily gets affected.

But why still a lot of people investing Bitcoin? As I've mentioned, it was potentially a gaining asset that most people had admired most more than enough to compared gold. But the thing to be clear is that the risk is high than the rest.

Bitcoin is not a safe haven in terms of price stability in the market, the high risk was always there because of the word "volatility" every time the price will fluctuate upon following the demand and supply movement. But when it comes to the seizure resistance bitcoin is the answer.  The government can't confiscate your bitcoin asset and it is extremely safe if you know how to keep it safe in your bitcoin wallet.

However, there's no really what we called safe haven. All are at risk but it depends on how we manage.

I agree in that BTC cannot be regarded as a safe asset to invest in due to large price volatility which at times of price dumps slumps 'consumer's' confidence.
Indeed, BTC is the most valuable asset to have as a coin but this also attracts a lot of fraudulent activity. So while there are clear advantages to owning BTC (as above) the risk is just as high and because of this BTC isn't a safe-heaven asset.

it all depends on your definition of a place of refuge, in my opinion anything that is peddling deserves suspicion and deserves to be scrutinized, whatever assets we hold at risk will definitely exist, but even though bitcoin is at risk one day it can generate huge profits ...

Hello everybody. I would not firmly assert 100% that Bitcoin is a haven asset. Nevertheless, the refuge implies in itself - calmness, and the movement of the price of "digital gold" cannot be called calm. Although, if you look at the entire short history of Bitcoin, calm can be found in the constancy of the average annual growth of this price, so it can be partially argued that Bitcoin is a safe-haven asset.

'Safe Haven' is a place you go when the SHTF, does that place have an internet connection?

Risk versus reward.

So far BTC has been a high-risk, high-reward gambling operation; GOLD ( physical in your hand ) is low risk of entire loss, but its insurance. The man who buys insurance doesn't say "Look I'm rich, I just bought insurance", What he bought is an enabling means to flee to a 'safe haven' in the event the SHTF.


In the case of BTC if the SHTF, all HODL'rs at once would "SELL", of course system only handles 7 transactions/second, most HODL'rs only hold 0.05BTC, when the SHTF BTC fee's will go higher than 0.05BTC, wiping out any hope of pocket money to flee to a 'savf haven'

GOLD people 'pay as they go', they don't worry a little gold for passage, and a little gold on arrival, and they start over a new life.

GET RICH QUICK, and 'safe have' are mutually exclusive, but how to you get idiots & morons to understand??

This has been the problem all along with virtual-currency, its anything they  pull out of their arse, one day btc is digital-gold, the next day its digital-cash, next day digital-oil, its whaever they want it to be, see the pattern here? BITCOIN is alice in wonderland.

Bitcoin is not really a safe shelter. Because Bitcoin can be stolen by hackers or network criminals. They can penetrate your computer and stolen accounts or personal information. Bitcoin is a valuable asset so many bad guys want to take over. You have to protect your property well.

Exactly, safe-haven, means that "SAFE"

Everybody that I know who has "LOTS of BTC" fears the Nigerian Mob kicking their door down, the family getting raped until the private-keys are handed over, u get the picture.

Is Asia everybody has gold, and its hidden, but with BTC right now, just a few people have a lot of it, and they CANT seem to keep their mouth shut.

In all human history, the rich always keep a low profile.

Yes, its very easy for criminals to steal your bitcoin, hell its easy for criminal through social-engineering to get your family members to steal your bitcoin.

All anybody needs is a 32 character string, with that your money is gone. There has never been a better time to steal, bitcoin has created a criminal paradise on earth, where even the victim can't go to the police, as they dont' even know how to investigate the crime.

Its easy for criminals to find large addresses, to geo-locate the owners; its all easy to hack bitcoin, its easy to hack wallets, its easy to hack stolen .json wallet files on computers or phones its all too easy

Bitcoin is a safe place to keep wealth for two reasons. Bitcoin is becoming the world's new store of value with the acceptance of many financial institutions around the world. You are the one directly managing your Bitcoin and only you will know the password to unlock your bitcoin wallet.
The risk when you put your assets into Bitcoin is that Bitcoin's volatility is greater than other assets. If you buy Bitcoin at the top of the bear market, it will take a few years for Bitcoin's value to recover.

for me owning bitcoin is not too safe because cyber robbers are very cruel, they can drain property in a matter of seconds even we sometimes realize and see btc we move to other wallet
maybe that is the risk that exists for bitcoin which in my opinion is commensurate with the value of btc itself
I have gold the reason I buy gold because the value of gold is quite stable and for me to store gold is a safe-haven asset.

Hackers on bitcoin's system are too many and if we fall into some weird and inattentive signage, our assets can most likely evaporate in the dark and until we know it, our reporting cannot be resolved as there is no one to support this issue, so considering bitcoin as a haven is too false, it's just a super investment with huge returns. Safe assets should include physical things such as gold and real estate, even diamonds are worth considering, their importance never diminishes over time, they are only inferior to bitcoin in terms of profitability

Yes, and if many people didn't panic, it would be a stable safe-haven.

There u go again, BTC is not a safe-haven, because its not a real asset. It's not liquid, and its supported by nothing. U can't compare a tangible to a non-tangible, you do but its just plain dumb.

BTC losing 25% of its value has nothing to do with safety, GOLD too has lost 90% in bad years, and GOLD didn't lose its 'safety value', gold didn't lose its 'safe haven' status, same-same for 100k years

Gold is Gold, its real and it never depreciates to zero

Bitcoin is virtual bullshit, and its backed by nothing, when you pull the power & internet, its gone. Gold is never gone.

BITCOIN is not universally accepted, that makes it  worthless for emergency exit during time of war.

The reason that all of ASIA keeps gold, is that throughout history you never know when you have to run out the door, with just your clothes and some gold coins in your pocket. With gold you find a new place to live the gold allows you to build a new home, and start farming again elsewhere.

USA didn't evolve this way, so they don't think in terms of 'fleet to safety', and what to bring

The USA are setup to roll over and die, at the first outbreak of hardship, they can sit around a cannibal dinner, and talk about how much BTC they used to have.

My opinion...
To this day, bitcoin to me is not a safe asset because all cryptocurrencies are speculative and not real, although we can analyze their movements. But I stay in it and make bitcoin an asset or a side income. If you don't want to take bigger risks, it's better to keep your assets in gold. Although we can both analyze it, gold is a real item.

Where will you keep the gold in your house?  Will you put it in the bank ??  Is it safe for you?  Theft and evils are complete, you put it in a sharp safe and rest assured that it won't break with time or danger.  I doubt that.  I mean, neither gold nor bitcoin are absolutely safe havens and storage.  All must have certain risks.  In terms of security, bitcoin will be superior because of its automated technology, but it still has inheritance and hacker risks.  Bitcoins are not authorized if you "crash".  In terms of value, bitcoin is still pioneering.

now is living proof that bitcoin has really helped to ease the economic crisis in the whole country. if we compare the current price of bitcoin with the price of bitcoin in 2020 the difference is very far, especially if we compare it to 2016,2017 and 2018, the price of bitcoin at that time was very much cheaper.
at this time we have nothing to doubt about bitcoin because its popularity is already very large and favored by investors around the world, so don't be afraid to lose if you buy bitcoin at this time because the price will continue to rise every year.

In any case, bitcoin, like other promising altcoins, is a good refuge during a period of high inflation in the national currencies of states. If we entered the period of the impending global economic crisis, I think this would be seen more clearly. But we can already see that states with a high level of inflation, such as Venezuela, immediately pay attention to cryptocurrency and, thanks to it, try to fix the situation.

I think that it is a safe-haven asset if you are in for a long term. Otherwise, it's not that safe at all. I've always seen Bitcoin as the best coin for long-term investments rather than short-terms. Bitcoin has a bright future and you must not be very impatient if you want to make a big profit.

Is an intangible a safe haven, is btc 'real' like real-estate, these are debates only left for morons.

Is something that just showed up 10 years ago, and could evaporate in the next 5 years really 'safe', IMHO we seriously need to define the word 'safe'.

'Safe Haven' is in regards to ships during storm, long ago a 'safe haven' was a place you could anchor a ship to weather out a storm. Since SHTF has't transpired to date in btc's short ephemeral life, since the last SHTF was 2007, in which btc did not exist, nobody has a damn idea how btc will weather the next storm.

Just because resident moron's on this site say's BTC is safe, doesn't make it so.

Safety like 'safe havens' are time tested, known-knowns.

The entire goal of the rich is to keep their wealth, since BTC can go to zero, its not exactly a safe place, a high probability to go down, and low probability to rise, is a fools 'investment'.

It's a safe haven asset because it can't be taken away from you as long as you have the private keys. It is not mainly because of the price that the reason why it's considered safe haven.

Volatility works in both ways, it could go up and down. No one shouts Volatility is bad and very risky when the price goes up but they only do it when the price goes down.

In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.

In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".

There is physical gold in your hand and their is ETF faux 'GOLD' on paper, where 100x paper is traded over holdings. Not unlike USDT which only holds 3% of its assets as USD, thus its really a USD derivative, just like GOLD is a derivative and not the real thing.

So what is BITCOIN, well its  Valued in USDT which is 97% scam, ergo BITCOIN is not a 'safe haven', its a 'scam haven'.

Bitcoin at best can be called "Digital GOLD", where "GOLD" here means the GOLD-ETF, and not the real thing.

There is only one gold, and that the gold in your hand, under your control.

Bitcoin is just a number, backed by bullshit and conmen and liars.

It's important to remember if > 3% of the BTC community were to sell for hard currency, the entire system would fold, which is why everyday they tell morons to HODL.

This is a good question. Let me talk about it from the perspective of asset allocation: If you have a large amount of funds, and Bitcoin accounts for 10% or even less than 5% of your assets, it is a safe-haven asset; if it accounts for 30% or more, it It is risky assets. The only free lunch in investment is diversification. Whether an asset is a risk or hedging depends largely on its weight in the asset portfolio. The black swan event can turn low-risk assets into high-risk investments.

Every investment vehicle and mediums of exchange have their own risks. There's no absolute safe haven for someone to store his fund because every platform has their own pros and cons.

I think the reason why the majority keep on calling bitcoin as safe haven because they experienced its benefits and they know its potential. Maybe investing and trading in bitcoin worked for them, hence, they consider it as a safe platform to put their funds. However, we can't change the fact that bitcoin is still a speculative asset. People must still diversify to avoid losing everything at once when things go chaotic.

I think most investment have inherent risk and I don't think that bitcoin is going to be considered as a safe haven asset because bitcoin is volatile and no people would want their money lose 50% in just a matter of day even if they hold for long-term because panic will still set.

As long as you don't mind the risk of volatility and your investment getting cut in half because of a sudden dips that are known to happen everyday to bitcoin then you might say that it is a safe asset but if you factor the risks, I don't think that it's going to be called a safe haven asset.

Bitcoin is essentially an encrypted digital currency. Because the upper limit of issuance is 21 million, and based on the underlying technology of the blockchain, decentralization, distributed ledger, non-tamperable and other characteristics, it is considered scarce and not affected by market fluctuations. . Based on these technical characteristics, Bitcoin can compare the value attributes of gold and has the value of trading and circulation. This is considered from the value of Bitcoin itself. Now, many institutions and money have poured into the Bitcoin market in large quantities, and the entire Bitcoin price is soaring. Bitcoin shows more of its investment attributes. Price fluctuations are affected by the currency market. Large money enters the market frequently and prices will rise. This is based on the investment properties of Bitcoin and is affected by market fluctuations. But any product must return to the value itself to consider. The essence of Bitcoin is an encrypted digital currency, which is used for transactions, and the investment attribute is not a long-term manifestation of value.

Its too easy to say bitcoin is a safe heaven since it's not the same with other assets wherein very unpredictable. Yes in my opinion because with bitcoin if you ride through good new only it will always can guarantee to make huge profits, even long term as its very promising ever since before .. But the risk is still too high if you will not become aware on each and every situation that always happened around the crypto space, wherein unless if you're a long term holder of bitcoin it doesn't matter..

I do accept that USDT is a scam coin and when they get into trouble by the authorities we might see a major correction but you need to understand that there are other stable coins in the market and many are trading using fiat currencies that are used to purchase Bitcoin and do you have any solid data to show that majority of the Bitcoin is held and purchased using USDT.

The market is open for your interpretation as well and if you are not interested in investing no one is forcing you to invest in it but you cannot blame the entire Bitcoin market because you feel different from the rest of the investors and i believe you did not invest a dime and hence the FOMO  :D.

Exactly, the volatility of bitcoin is what keeps it from being considered a safe haven asset. Maybe if you have the patience to wait for long when the prices rally really high then probably it's a safe haven asset for you.

Yes, he has his own unique advantages, and his own characteristics make him have his own value. He has many believers who have given Bitcoin a lot of power and made the value of Bitcoin very precious.

Gold has been confiscated countless times in history. With Bitcoin I can hop across borders with my private keys backed up through a multitude of ways and there is nothing anybody can do to stop it. That is the biggest difference. The physical nature of gold compounded with most people buying from online dealers are its weakness. Not to mentions its heavy AF.  ;D

Yes, Bitcoin is a safe-haven asset.
When we say that Bitcoin is a “safe-haven asset”, we mean that it can hedge against the risks of bank bankruptcy, government credit crises, and long-term over-issuance of legal currency in the short term, rather than hedge against the risk of shrinking various assets when the economy is down.

For long-term investments, yeah. I definitely think it is a safe-haven asset. Because we have witnessed many times how much Bitcoin price increased in some years. For this reason, I absolutely save Bitcoin also for the future.

The trade name must have profit and loss, therefore Btc is a global currency trading, where traders in crypto can suddenly get rich, and vice versa.  Although now the price of btc is very low but btc is still playing a good role in terms of price.  Because success is not in favor of everyone, but everyone can achieve it in their own way.

 Quite a lot of owners of btc assets have complained, because the price has decreased and there are still many business people who like the decline in the price of btc, so that he can buy when the price is low and sell it when the future price is doubled.

Hey guys I agree with you but some volatile issues sometimes bitcoin a great threaten to investors and traders. Yesterday Bitcoin price dumped to $29k when it seems to me a threaten because I already invested bitcoin when it was $40k .

It feels like it is impossible for Bitcoin to ever become a safe haven asset, because while it has shown resilience against bugs and hacking attacks, it lacks the key ingredient of stability in the price. People who buy gold will see peaks and troughs in the value of it, however if you go back long enough then you see a baseline trend going upwards. Since Bitcoin has only been around for just over a decade, it is almost impossible to judge that base line valuation. It's hardly a "safe haven" if you buy in at $50k and when you need to go spending it, the value has dropped in half. Things like cash accounts or bonds are the real safe haven people think of when discussing secure assets that are fairly predictable even if inflation will slowly eat them away.

I see Bitcoin price to be unsable, the price rises and falls. It currently trading at $33k. But don't be panicked about the price. I will advise you have patience and hold your Bitcoin. Predictions have been made that Bitcoin will hit 100k or more before the end of the year. I believe Bitcoin will trade at a higher price very soon.

I mean Bitcoin follows a log chart and volatility is statistically declining with every single cycle that occurs. Bonds are in a massive bubble and I believe they are about to burst so I do not consider them to be safe havens at all even if they traditionally have performed that function. Bitcoin is clearly a safe haven asset but maybe in a different way than others in the past. My guess that in 2-3 more cycle Bitcoin's volatility will have declined to a point in which it will be palatable to use as an every day currency for all.

I agree with your views, but I suggest others to trust themselves before deciding to invest in bitcoin. there is no definite guarantee of bitcoin investment, no one knows what will happen in the future with bitcoin. therefore use free money to invest, so that our lives remain comfortable

Bitcoin, in the future when the global market becomes more uncertain, it may rise, or it may continue to fall. Due to the small market capacity and the more easily affected prices by the futures market and manipulation by giant whales, Bitcoin's market is almost independent of other markets. Although I am very optimistic about Bitcoin, at present, I am not optimistic about its use as a safe-haven asset. The impact of the epidemic is a bit of a chaotic world. I think whales or bigwigs will hold both Bitcoin and gold

Perhaps compared with other physical assets, Bitcoin is not a safe-haven asset. In the current market situation, Bitcoin is undoubtedly one of the virtual currencies with the best hedging capabilities. In the previous global economic crisis, many people began to invest in the cryptocurrency industry, which is enough to prove that the assets in people's hands are no longer in value. With the inflation of fiat currency, people are turning to look for assets with more room for appreciation, even with the volatility of Bitcoin. It is relatively large, but in the long run, as long as you hold it for a long time, at least the bitcoin in your hand will not depreciate, but will continue to appreciate. I believe that bitcoin will become digital gold in the future.

Let's understand first what Bitcoin and cryptocurrency are before saying that it is a safe-haven asset because Cryptocurrency like bitcoin is volatile, meaning it may dump anytime so there is no safe haven here. Bitcoin is really a good investment in my own opinion but you must learn first on how the bitcoin works in which you must need to understand why the bitcoin is pumping up and dumping down so that you will be able to have the enough knowledge and understand how it really works.

Exactly, a lot of cryptocurrencies especially bitcoin at the paramount is the most volatile of all of them given how it cost around a dollar and in about a decade, it cost around 60k USD and then the prices are slowly going down again. I agree that we must learn about stuffs before investing in bitcoin or anything else because without a research and knowledge about bitcoin, you will end up panicking when the prices are not on your side.

For now bitcoin performance is quite good, although more and more users will be heavy from some point of view, such as the number of people mining bitcoin will make the price of VGA expensive and get less bitcoin per hash, but about bitcoin technology I think it is very remarkable, bitcoin has been around for more than 10 years, but the idea that can be from bitcoin technology never runs out.

Bitcoin is a legitimate currency-at least as legitimate as any other un-backed "fiat" currency like the ones in your pocket right now.

At present, Bitcoin does not fully possess the attributes of a safe-haven asset, but it may become a safe-haven asset in the future.
The price of Bitcoin fluctuates greatly, and it changes faster and more frequently than the price of traditional assets. It still has certain risks. But in the long run, considering its inherent scarcity, portability, and immutability, humans are gradually migrating to the digital world. Bitcoin may need more time to gain trust and stability, and it will have the opportunity to become a safe-haven asset in the future.

Bitcoin is not exactly a safe-haven asset. Bitcoin is an encrypted digital currency based on the underlying technology of the blockchain. The total amount is fixed, scarcity and other characteristics. Now that many institutions and people flow into the Bitcoin market, the price will change accordingly. Therefore, the price of Bitcoin fluctuates greatly, and its price will continue to change with market demand. However, Bitcoin is actually the best performing of the inflation-hedged assets, and it is a relatively safe virtual currency in the crypto market.

right, the idea of bitcoin development will never run out. it can be proven that when fud occurs, many assume that bitcoin will bubble, but in fact bitcoin is able to rise and even reach a new ath. and I think from the beginning of bitcoin there was no doubt to invest in it, it's just that we have to have the right moment to maximize profit

There is no such true thing about Safe Haven for our asset because security is about from how we handle this.

Bitcoin on the other hand is indeed one of the safer place to put our asset but remember that this is virtual and the risk is always there .

But the Best question is Do Saving in Bitcoin really matter? then the answer is indeed YES..

You are safe if you are not worrying about losing and earning money anymore.
Bitcoin is volatile, and we can't say what will happen to the price in the next decades
Bitcoin might be the safest crypto asset but should not be depended on as your profit machine.
Diversify, look for a financial advisor.

Bitcoin being a speculative currency it will be likened to digital gold, and it guarantees future financial success with its scalability and profit-making mechanisms.

When it comes to risk then it cant really be removed out and there's no such thing about safe-haven asset no matter how good or being supported it is by the community although demand would be the main key
for it to survive for how many years and if support is there then we would really able to expect that it would exist in more years to come but dont just let yourself get too confident that this is making an assurance
for you to make money or profits when you deal with it.Always put up in mind that risk of losing money is on next on line, we dont know on what will happen in the market in next minute,days,months
or years to come so better to prepare yourself and secure out profits if you do able to gain or do so.

Bitcoin is definitely not as safe-haven of an asset as many would like to believe. The charts trend very similarly to the stock markets at times and when big dips happen in the economy, bitcoin generally follows. As many have already noted, its more of a digital gold than a hedge against the global economy, not directly correlated, but definitely connected.

Well obviously bitcoin is not that safe, and that is due to the fact that it is not controlled by government and there are a lot of them that are trying to ban it, and enforce users not to use it, and if we reach a point where a large portion of the world totally bans it, we would be faced with bitcoin losing many people and that would most likely affect it heavily.

To reiterate, no of course not, BTC like any other asset class can't be considered a safe haven otherwise everyone would flock to it. The risks associated with BTC investment is what makes it an asset, right?

There are many factors that can influence how long the mass adoption of crypto will take, and so there are many challenges and risks associated with crypto but that's what's like for anything else.

The difference of course is that crypto allows for higher returns in a contracted amount of time ;) but it is far from a get it get rich scheme.

Due to the large fluctuations in the price of Bitcoin, investors will bear a certain amount of risk, and Bitcoin cannot be completely a safe-haven asset. With the stable status of Bitcoin, many new users in the currency circle believe in investing in Bitcoin. As long as the market price changes are analyzed and studied, strategic investments will bring certain benefits. And bitcoin is relatively safe for altcoins currently appearing on the market.

We cant say Bitcoin is a safe haven asset, at least for now Bitcoin can't be vey safe. The reason is simple, because the price of Bitcoin is volatile。It has a high volatility.Sometimes will meet serious threats from hackers.

hello sir, yes I really understand what you are asking, at this time we mostly lost to the traditional bitcoin market, many of us have experienced a lot of turmoil, I also experienced it, maybe in the future there will be a big wave that will shake the bitcoin market

Your definition of bitcoin would more likely rely on how you use it or how it functions in your life. With regards to bitcoin becoming a safe haven asset, it will also depend on how well you are securing as well as making decisions that protects and increase the quantity of bitcoin you obtain. Over the years, lots of people took risk in crypto investments not only because it is on the trend but because they saw lots of people's life changing over time which makes their trust for it increase even more. Bitcoin's performance will keep on getting better but for now we have to endure the crisis we are facing and be patient.

There is nothing like safe heaven asset cause all investment on Bitcoin or other cypto are very risky and needed to be previewed with geeat understanding before venturing into it as an asset. Many ignorant and desperate persons had made the mistake of limiting the risks that is involved in Bitcoin and the entire interface. Caution need to be taken to prevent further loses if one had made such mistake in the past.

Bitcoin can be a safe heaven for those who understand the level of risks involved in it and good comprehension of the entire buying and selling pool works. The first time I invested in Bitcoin, I lost all my money maybe I was not equipped with the right information to trade the market. This really made to it tight and start all over again with strict measures to avoid past mistakes.

It depends on how you will deal with it, and respect your opinion like what others do.

Let them doubt and let us continue , that's it mate who cares about them as they are not caring for us here?

One thing that i only Know , and that is bitcoin will remain as currency and also giving mea financial freedom.

bitcoin is not a safe haven asset, because in bitcoin you can still experience losses if you are not equipped with knowledge when it comes to cryptocurrency and investing. by equipping yourself with knowledge about cryptocurrency and investing, you can protect yourself from losses and you can maximize your profits.

I'm not so sure about save heaven, it's just that all investments have positive and negative sides, as well as bitcoin investments. so it depends on how individuals manage their respective assets. I think investing in bitcoin is indeed profitable compared to other investments but it will take a little longer. if someone believes in bitcoin investment, of course they will do their best to be able to manage their assets well so that in the future it can be profitable.

Bitcoin cannot be used as a safe-haven asset at present. Its price fluctuates and is unstable. Many people oppose it as a safe-haven asset.

But the number of bitcoins is fixed and limited, which can effectively alleviate the inflation problem. With the intensification of global economic problems, Bitcoin's potential performance will get better and better, and it may become a good asset in the future.

It's not a safe haven as an investment, it's never meant for that. It is a safe haven for those who want to break away from the banks and governments. Although trying to make this more and more difficult, you can still transfer bitcoin to anywhere in the world. And this will always be so.

maybe it really is a safe haven for the people that invest where bitcoin was still under a dollar because they never lost thier investment but it only growed overtime and maybe not really for the people that are late to invest in bitcoin because they may invest high and the value then declines which can lead to loose of thier investment . there are still countries where governments and banks are powerful over bitcoin and they ban bitcoin so bitcoin is not a saven for the people living in these countries .

Not totally a safe haven but it's a pretty useful tool so you can weather out thee problems in fiat, I mean any kind of investment that moves your fiat away from inflation is generally much better than just putting it in a piggy bank and slowly lessens it's value to buy goods and services.

Hasn’t Bitcoin gotten to a stage where we can see it as a safe haven? If you look at the value of Bitcoin from 2009 to this 2021 you will see that there is a huge difference. Someone who have invested between this time range would have gotten enough in return, because the price kept increasing from the toll now, while our Fiat keeps decrease in and even got worse during the pandemic.

What do I do understand that during the pandemic a lot of Twitter currencies were affected and that includes Bitcoin, but it wasn’t only for this, because there are lots of other assets on stocks markets that we are affected. Bitcoin has kept going stronger even after all that has happened

Bitcoin is also risky. Everyone is invested in Bitcoin, just wants to have more money. Some people will put the money in the encrypted currency because of the depreciation of the law. But now more people in encrypting currencies are investors.

Maybe it couldn't be said as safe assets or investment but cryptocurrency is. In terms of security the security of crypto wallet is really high as long as we use it well and don't do anything dangerous on the internet.
In terms of price, i think bitcoin or other cryptocurrency is not that safe but it's the most interesting and promising investment instrument if we saw the price history and i'm sure there many people investing in cryptocurrency just because seeing the growth of the price.

We have seen how highly volatile Bitcoin is. For now it’s safe to say it is not completely a safe-haven asset because majority of it’s holders are speculative. It might not survive the first recession but I think it’s too soon to conclude.

Yes bitcoin is volatile. It is safe but sometimes see every platform has a some risk fraud. In bitcoin also have scammer, fraud, rusks but that does not mean it is not secure or safe it is safe and secure.

Right now many doubts and feuds around here for this because recently we have not good updates from China and USA just because of this people's spreading things which they want to do for their own sack just because of this we can't say safe heaven for everyone. Even bitcoin's future is uncertain we can't be sure its growth it rises or it a dump, but we sure about one bitcoin still be existed.
 
Few things which are much safer like bitcoin wallets are safer than bank accounts as only owner can access with his password and private key, no one can access brutally.

I agree with your statement.

With the unpredictability encircling on BTC (to be specific), it becoming safe-haven asset is slowly becoming uncertain due to the recent news and regulations passed on different countries (specifically China). Although this may be the case, El Salvador has recognized BTC as a form of legal tender- to which it sparks another opportunity for countries to see it the same way as the former saw it.

That is why, view BTC as an opportunity for investment rather than a super long-term asset.

Bitcoin is currently performing well. Bitcoin is currently the investment of various companies. Tesla is one of them. Different companies are constantly buying it. It can be said that it is a safe investment. Hopefully it won’t come to the Huge dump. The ball goes from different productions. By 2022, it could go up to 2 lac.

Well, though bitcoin is considered a safe haven you must still first understand the risk of it. You have totally mentioned and yes, there is a possible time that bitcoin price will dump depend on the trend outside, depending on the FUD that we always heard and created by them, the problem is possible it will create a panic selling. You need to understand all of these things but yes, I agree that bitcoin is a safe haven. When the fixed supply will running out because the demand has been increased and many people want to buy it now.

The risk is on the way we handle our emotions, if we easily panic, then I must say that we have a problem of holding as if you are not knowledgeable enough, we might easily get panic due to the nature of price volatility of bitcoin, when you are investing on bitcoin, you should always look for long term and don't always look at the price, just believe that it will rise in the long run so your life would be easier.

Personally, I don't think there's really an asset we can call a safe haven to begin with. There is gold, but it also has some ups and downs. As for bitcoin, it really depends on how you look at it? .no any kind of asset is guaranteed unless you are owning a currency like USD, USDT, ether... also any coin that has a decrease or increase can be stopped working. transaction, nothing can be absolute not even BTC.

I guess it's safe for you to say that bitcoin is a save-haven asset, depends on your perspective or definition.
Truly, bitcoin was made after the 2008 economic crash, it was made to be a currency in the near future.

But on my perspective, I think for now bitcoin is not a safe-haven to hold your assets. Risk is always an issue and this market is so volatile just to uphold your assets and trust it very much, it depends on you ofcourse on how you manage your assets and just to be safe I think everyone have always a plan B incase it doesn't go exactly the way you want to.

Time will be telling it, anyway this is like guessing something that is not certain because of the characteristics of Bitcoin itself, but it does not rule out the possibility that Bitcoin will continue to be in its increasing popularity.
If indeed Bitcoin has many positive effects and plays a more important role, of course it will last a long time and will still be a viable asset. It's just that certain risks are a matter of doubt to be judged as a really safe-haven asset.

BTC is a great asset and the way it evolved since 2009 is incredible, not many people would have predicted it. The technological advance that cascaded from BTC is what gave rise to what we see today as being the whole crypto market with dozens of different blockchains.

In that respect, BTC is a 'gold standard' for asset protection but at the same time the unpredictability of the markets with it's volatility, and not yet being seen as legal tender globally (or in large proportions) makes it at the same time a risky investment. That is to say that you can't have any form of investment where you can describe it as 'safe haven' because investments inherit risk.

in the end , it is always depend about what we are seeing bitcoin , but one thing is important thatw e all knew how valuable and profitable this is.
I respect your belief and we all has, best to learn deeply and maybe in time you will realized what bitcoin really is.
it is depending on our treatment , because we are the one who runs and operates bitcoin.

The rapid price growth of cryptocurrencies, especially bitcoin, made people start investing in crypto even the big players in the stock market began to move to bitcoin.
Cryptocurrencies have a good future as there is more and more demand.
Faster price fluctuations with high volatility put crypto at risk. This is why Bitcoin or crypto is not and is not included as a safe haven asset.
It is very easy and fast to make a profit and very easy and fast to make a loss.

If you don't want to store your assets in a bank or a third party is holding them, bitcoin is a better choice than fiat money and gold. But with volatility bitcoin is actually quite risky, your asset can evaporate quickly if we are in a prolonged bear market. Nothing can guarantee that everything is 100% safe including gold, so it depends on the individual's point of view.

Take the high risk and it's rewarding counterpart. That's the nature of bitcoin and if you'll just keep those fiat of yours into the bank, the bank will make use of them and will just give you the part of what you've earned and they're very little. Unlike in bitcoin as it becomes a store of value, you hold it and you don't entrust it to any third party or service because you alone are the one who holds it and can send it anywhere at anytime.

sometimes it depends on people's preferences here. some are really going to the bank for security purposes even if their funds are not that earning much. they know that anytime they check, their funds are still intact. however, when one goes to crypto, you need to keep updated because it is not the case that once you decide to cash out, you will always be on the positive side plus more. because it depends on when you cash out. so if it is below your buying price, then, that's not a good time to encash. wait for the time that it will at least above your buying price. i won't consider bitcoin as a safe-haven asset but it has very good potential to earn more if you got it right.

Yes, we have our preferences and those that are choosing the bank to keep their money. That's fine, they can't do anything against us and that's why if they like to keep it there, they have to think about the inflation.
But those who understands that putting that much money in the bank, they'll be problematic about the inflation later on so they'll have to think that it's better to put it somewhere like in investments and assets that will help them beat it.

There is no guarantee that any investment or asset is safe, there are many factors that make assets stolen or worthless, even though at the moment it seems impossible to know the 52 digit bitcoin private key but I believe one day it will be easy to guess, the times are always dynamic and we should always follow developments.

We can't call it as a truly or fully safe-haven asset considering the far future I think. It is obviously true that you can make a lot of profit in Bitcoin considering the long run. But we don't know whether Bitcoin will be existing forever or it will be gone at some point. This is why I think that Bitcoin can't be seen as guaranteed forever. But considering making an investment for a long term, I would support people about it. Because I saw so many times that Bitcoin made long-term investors happy.

We keep bitcoin safe and the opportunity to be stolen is very small compared to other types of investment, especially those that have a form such as gold, but bitcoin is not safe from price drops, because bitcoin investments are a type of high risk, rising and falling prices can reach tens of percent in a week and lucky those who bought bitcoins last week as the week gain is already over 21%.

Bitcoin can be considered a safe-haven asset because it has withstood several big crashes. As the world's most popular virtual currency, Bitcoin has gained increased acceptance in business and finance circles after mounting a successful comeback from last year's plunge.

I've recently read an article in Forbes about it and I really liked the quote of Joe DiPasquale, the CEO of cryptocurrency hedge fund manager BitBull Capital, he “bitcoin is positioned very well to be a safe-haven asset.” And I can agree with that.