Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: achow10 on May 09, 2022, 05:50:06 AM



Title: Is Bitcoin a safe haven???
Post by: achow10 on May 09, 2022, 05:50:06 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.


Title: Re: Is Bitcoin a safe haven???
Post by: Blue King on May 09, 2022, 06:22:10 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Before we only knew gold was our refuge.But the current bitcoin can be called our safe haven.The most expensive currency in the cryptocurrency world is Bitcoin and Bitcoin is invested in almost all countries.So the current bitcoin can be called a safe haven.


Title: Re: Is Bitcoin a safe haven???
Post by: Cryptoababe on May 09, 2022, 06:32:02 AM
For me, its a safe haven if you are holding in a cold wallet which you have your private key with you. But not a safe haven if you are holding in an exchange because your account can be terminated at anytime. Although bitcoin was created to be a safe haven but you cant control it from being on exchanges also.


Title: Re: Is Bitcoin a safe haven???
Post by: Tarek0987 on May 09, 2022, 08:36:52 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Before we only knew gold was our refuge.But the current bitcoin can be called our safe haven.The most expensive currency in the cryptocurrency world is Bitcoin and Bitcoin is invested in almost all countries.So the current bitcoin can be called a safe haven.



Title: Re: Is Bitcoin a safe haven???
Post by: hatshepsut93 on May 09, 2022, 11:46:23 PM
No it's not. Safe haven means an asset that doesn't lose its value during hard times, or at least loses much less value than other assets. With Bitcoin we see that when stocks go down, Bitcoin follows. When covid and response to it happened, Bitcoin experienced some of it biggest crashes. It full recovered from it and made lots of gains afterwards, but still that alone disqualifies Bitcoin from being a safe haven. Imagine that if you have a contract that requires you to pay a sum at certain date, you store your money in Bitcoin, because you think it's a safe haven, then Bitcoin crashes before that date, and you're forced to sell at a loss, like it or not. That's the opposite of safe haven.


Title: Re: Is Bitcoin a safe haven???
Post by: TheGhostMan on May 10, 2022, 01:53:59 AM
In my opinion I do not see it as a "safe haven" since it is not a currency that has a stipulated value, as when we talk about fiduciary currencies or minerals such as gold. As we all now know that cryptocurrencies are volatile, today it may be in a bullish chain but in a few days in a bearish one, even in the worst case it may be worth nothing. That is why I do not see it as “A safe haven”, although I want to emphasize that it is very good for investors since when we talk about BTC they are crypto assets that generally remain in resistance, today they are not having a very good time. but I am sure that with patience and perseverance this will rise to the clouds.


Title: Re: Is Bitcoin a safe haven???
Post by: ChiBitCTy on May 10, 2022, 02:32:54 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

This is obviously something that's really being put to the test at the current moment with the blood bath that's going around on all markets across the board.  So is bitcoin a safe haven..I think it depends on what your definition of safe haven is.  It is certainly isn't a safe haven like gold, silver and other precious metals are.  But as for a store of value/money compared to many countries fiat..I think it is a safe haven.  Have to remember not all countries have very strong currency, not to mention currency citizens can trust.


Title: Re: Is Bitcoin a safe haven???
Post by: Darker45 on May 10, 2022, 02:39:58 AM
If an asset is volatile, it is not a safe haven. If an asset fluctuates more or less like the rest of the mainstream assets, it must not be a safe haven. If an asset is risky, it is not a safe haven. And since Bitcoin is all of the above, I doubt it could be considered a safe haven. However, this is true if we are to look at the charts with shorter time frames. If we are to take several steps back, zoom out, and focus instead on long-term movements of Bitcoin's price, we may be seeing a picture with a different suggestion.


Title: Re: Is Bitcoin a safe haven???
Post by: davis196 on May 10, 2022, 05:24:39 AM
Bitcoin is NOT a safe heaven,but Bitcoin can become a safe heaven,if you HODL it long enough.
Bitcoin doesn't act like a safe heaven in the short term,but in the long term(if the BTC price really moves in cycles and if we witness another ATH somewhere around the next BTC halving)we might see a big growth in both the value and price of BTC.
In conclusion,this question doesn't have a simple answer.
At the end of the day,Bitcoin might be a safe heaven,but with a really volatile price,which means that BTC is completely different than the traditional safe heavens like gold,real estate,etc.


Title: Re: Is Bitcoin a safe haven???
Post by: Mpamaegbu on May 10, 2022, 06:00:45 AM
Your question is necessitated by the ongoing crash, no doubt. If Bitcoin were in an upward rally at this moment I'm sure such wouldn't cross your mind. Well, be rest assured that those who see Bitcoin as a Safe Haven aren't looking at the momentary crashes it goes through. It's a phoenix and they know it to always regain whatever it loses each time. For me, I see it as such too. What's happening in the market ATM is just a way of the market providing new investors another greater opportunity to get in. Yet, a great number of investors will be scared at this time to go all in.


Title: Re: Is Bitcoin a safe haven???
Post by: Yaunfitda on May 10, 2022, 06:05:41 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Depends on how you look at, if you are here for long term, maybe it could be a safe haven for the majority of us specially if the price will go up in a strong bull market. But as to what we are seeing right now? it doesn't make sense to hedge your wealth because the price is continuing to decline and it might be at the end of the year. So you have to question yourself if you want to hedge your money long term or short term.


Title: Re: Is Bitcoin a safe haven???
Post by: Don Pedro Dinero on May 10, 2022, 06:07:16 AM
If you look at the performance until recently, it has behaved like a safe haven, the problem is that if you look at the market over the last 24 hours it doesn't look like a safe haven, but you have to take a broader perspective.


Title: Re: Is Bitcoin a safe haven???
Post by: avikz on May 10, 2022, 06:11:11 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

It's not a safe heaver in traditional meaning. By safe heaven, we understand some form of assets which will provide support during a bad market movement. Bitcoin is definitely not this kind of safe heaven because of its volatility.

Bitcoin is a safe heaven to save your wealth from the government or enforcement agencies etc. In times of crisis. We have seen it during Hongkong crisis and we are seeing it now for Russia Ukraine crisis. If you want traditional safe heaven - buy gold!


Title: Re: Is Bitcoin a safe haven???
Post by: perla on May 10, 2022, 07:47:47 AM
It is safer than the banks since you are he bank here but in terms of price I don't think that it is a safe haven a good example is what happened to me, I bought Bitcoins when it was around $42,000 and now the price is around $30k-$40k and I don't think I am safe at all I just hope that the price would recover at least around $40k


Title: Re: Is Bitcoin a safe haven???
Post by: raidarksword on May 10, 2022, 08:01:50 AM
In crypto patience is the best weapon to become successful in this industry. The volatility of Bitcoin is every imminent wherein it can give you profit or it will give you saddened loses anytime. Market has cycles that's why it's best to make the timing so important to enjoy the crypto success in the long term haul and waiting for the bull seasons to come through.


Title: Re: Is Bitcoin a safe haven???
Post by: Vaskiy on May 10, 2022, 08:49:39 AM
The volatility never let bitcoin to be a safe haven. It can be considered as a safe haven by long term holders who doesn't have a timeline to make use of the holdings. Because, we don't know when the market crashes/bounce. If the market was down when the user is in need, then the user losses from the capital. Every investment have risk and nothing can be considered as safe haven other than gold which fluctuates very minimal comparatively.


Title: Re: Is Bitcoin a safe haven???
Post by: |MINER| on May 11, 2022, 02:16:23 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another.

Before calling bitcoin volatile we should have to see the difference of the price of bitcoin in last ten years. I think bitcoin is always a safe haven for those traders who do trade in long-term


Title: Re: Is Bitcoin a safe haven???
Post by: Falconer on May 11, 2022, 02:44:24 AM
Before calling bitcoin volatile we should have to see the difference of the price of bitcoin in last ten years. I think bitcoin is always a safe haven for those traders who do trade in long-term
Good and safe are two different things. Bitcoin is an asset that may be the best choice for traders to profit from its price volatility compared to some other physical and stock investment assets, but it is certainly not a safe asset when you want prices to remain stable without high volatility.

The security that bitcoin offers is not in its price, but in the nature of its resistance to hacking attempts. Bitcoin have never been hacked, but some hackers have simply taken advantage of user error who failed to implement ways to properly secure their wallets. So if you don't care about price volatility, then bitcoin is a safe asset to keep long term. But when they care about volatility then you should not make bitcoin an asset that is safe from price volatility.


Title: Re: Is Bitcoin a safe haven???
Post by: Anonylz on May 11, 2022, 03:23:10 AM
I think depending on the time you get in, for those who got on very early perhaps they might consider it as a safe haven but for others who got in at the peak for short term gain, it won't be safe heaven because their investment has reduced as the price fluctuate. For long term holders, they may see it as safe haven with the belief that btc price will be much higher in future


Title: Re: Is Bitcoin a safe haven???
Post by: Lubang Bawah on May 11, 2022, 04:43:00 AM
All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.


Title: Re: Is Bitcoin a safe haven???
Post by: m2017 on May 11, 2022, 06:25:17 AM
All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.
I agree that any investment has risks. Bitcoin also has some risk, but to a lesser extent than when investing in altcoins. Compared to other crypto currencies, bitcoin can be called a safe haven. Many cite the high volatility of BTC, but when viewed from a long-term perspective, this becomes negligible. Lubang Bawah's words that it is better to save bitcoin in the exchanges (especially in the long term) seem even more risky to me and it seems that he forgot the rule "not your keys - not your money".


Title: Re: Is Bitcoin a safe haven???
Post by: Xampeuu on May 11, 2022, 07:11:09 AM
All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.
I agree that any investment has risks. Bitcoin also has some risk, but to a lesser extent than when investing in altcoins. Compared to other crypto currencies, bitcoin can be called a safe haven. Many cite the high volatility of BTC, but when viewed from a long-term perspective, this becomes negligible. Lubang Bawah's words that it is better to save bitcoin in the exchanges (especially in the long term) seem even more risky to me and it seems that he forgot the rule "not your keys - not your money".

putting bitcoins on top exchanges in my opinion is not the best solution to protect from hackers, we don't know, anything can happen. for me to keep it in the long term stay in a personal wallet, where the security depends on ourselves. I think this is the right time to buy it so that you can save it for the long term as happened from 2018 to 2021. And of course, in investing, we may rarely open the chart, that is the key to success in holding, of course there will be a lot of news on social media. that passes when the price is good


Title: Re: Is Bitcoin a safe haven???
Post by: Mauser on May 11, 2022, 07:14:41 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Usually for a safe haven asset we need a stable price to keep it's value. Gold for example is one of these assets, they have a fairly stable price with low volatility. Bitcoins have much higher volatility than Gold.  For the first time in a while Bitcoins dropped shortly below 30,000 USD which is a very important barrier. If prices drop further investors could get spooked and start selling their coins sending the prices even lower. That would increase volatility even more. When it comes to having bitcoins as a safe haven we need to know what purchase price we have. If we bought BTC in the past at 20,000 USD or right 30,000 USD then it is definitely a good investment and will keep its value long term. The thing with Bitcoins is that is not being affected inflation. Due to the high energy and food prices we are facing 10% inflation rates in Western countries, with that there is no real option of leaving cash around at the bank. It's better to be invested in a volatile crypto coin that will rise long term, than holding cash which is losing purchasing power each month in my opinion.


Title: Re: Is Bitcoin a safe haven???
Post by: dlightag on May 11, 2022, 11:14:14 AM
Bitcoin is safe and has a future prospect as we all know about bitcoin is gradually changing the world as a means of online payment, trading and investment, which has empower many individual as part time and full time job across the nation.


Title: Re: Is Bitcoin a safe haven???
Post by: DapanasFruit on May 11, 2022, 11:39:21 AM


Like some other people, I consider Bitcoin to be a safe haven but I know that is is a very volatile asset and certainly something volatile can not be considered as safe and must be classified to be risky especially for people who are new to it. However, this question is surely popping up when BTC is going down and can be in the bearish mood because when it is up and reaching ATH everybody is just rejoicing. Maybe then we can say Bitcoin to be a safe haven for the long term but not for the near term.


Title: Re: Is Bitcoin a safe haven???
Post by: lixer on May 11, 2022, 09:54:34 PM
The volatility never let bitcoin to be a safe haven. It can be considered as a safe haven by long term holders who doesn't have a timeline to make use of the holdings. Because, we don't know when the market crashes/bounce. If the market was down when the user is in need, then the user losses from the capital. Every investment have risk and nothing can be considered as safe haven other than gold which fluctuates very minimal comparatively.
Long term holders like me 100% definitely see it as a safe haven. I mean fiat has been known to be a terrible "investment", why keep cash or something like that when we all know that prices will be a terrible deal for all of us?

We know that the best case for us would be to keep it in bitcoin and that way we will be making a good amount of profit and it will never go down in the sense that lose "value", sure the price will go down but it would never be less valuable. Imagine mona lisa, it could be worth let's say 200 million one day, and 150 another, but the value of it didn't drop, only the price because it is always invaluable for many people. Same logic here for bitcoin to me.


Title: Re: Is Bitcoin a safe haven???
Post by: batang_bitcoin on May 11, 2022, 09:58:12 PM
All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone,
I don't think about those hacking or stealing of data is just coming randomly. It has to do something with the user themselves and how they use their devices.
If they just keep on downloading malicious files and keep on putting attention to the links that has been sent to them without inspecting what is that. They will really become victims of phishing and hacking.

if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.
This is a bad idea, you hold it long term better in a wallet and not in an exchange, hardware wallet mostly preferred. As the quote says "not your keys, not your coins".


Title: Re: Is Bitcoin a safe haven???
Post by: Rigon on May 11, 2022, 11:27:37 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Before we only knew gold was our refuge.But the current bitcoin can be called our safe haven.The most expensive currency in the cryptocurrency world is Bitcoin and Bitcoin is invested in almost all countries.So the current bitcoin can be called a safe haven.

How do we call Bitcoin a safe haven? The way Bitcoin has started to comma lately has made people a lot bigger Afraid to invest now. The market can't find a reason to dump so much.So how can people consider Bitcoin as a haven?


Title: Re: Is Bitcoin a safe haven???
Post by: Natalim on May 11, 2022, 11:27:47 PM
Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Yeah, until your money is in crypto we can't say we are safe, volatility still striking, and up and down scenarios are quiet to see very often.
We can just sleep well if our money is already in our hands. However, this is not the mindset of the investors, these people risk their money and spend time in crypto even though they know it was not a safe haven and guarantee assurance but then, they still believe that they will get a profit from them.

no risk = no rewards
high risk = high rewards


Title: Re: Is Bitcoin a safe haven???
Post by: Chato1977 on May 12, 2022, 02:32:06 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
You clearly  pronounced the word  meaning it is still a Safe haven if you are a disciplined  investor and Knows what you are entering and what you are doing,.
failure will only occur here if you are greed and Noob that only seeks for instant money and many of those are the failure account here in crypto market.


Title: Re: Is Bitcoin a safe haven???
Post by: ethereumhunter on May 12, 2022, 10:11:32 AM
Some people, consider saying that bitcoin is a safe haven for them. But for the other, others will say that bitcoin is for making money and will buy gold as a safe haven. So it will depend on each people where they will safe their money, whether in the gold form or bitcoin form or other forms. But for me, I will say that bitcoin is a safe haven as the price will have a big chance to increase and can be a place to save money rather than in the banks.


Title: Re: Is Bitcoin a safe haven???
Post by: Abiky on May 12, 2022, 06:18:12 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Bitcoin's constant decline in price doesn't make it a safe-haven asset (unlike Gold). Of course, there's volatility inherent within Gold. But the yellow metal has been relatively stable over the years. Bitcoin needs more regulation and capital inflow for prices to stabilize as much as possible. Only then, it can become the safe-haven investors need to protect themselves against the negative effects of inflation.

Things would've been different if people began using Bitcoin alone as a unit of account instead of Fiat. Valuing things only on Bitcoin, would fix the problem of "de-stabilization" for good. 1 Bitcoin = 1 Bitcoin, right? But Fiat is still the dominant force in the world's economy, so it's unlikely this will happen anytime soon. As long as Bitcoin is valued against Fiat, using it as a safe-haven asset will be nothing but impossible. Just my thoughts ;D


Title: Re: Is Bitcoin a safe haven???
Post by: uchegod-21 on May 12, 2022, 08:42:06 PM
Re: Is Bitcoin a safe haven???
In investment, is there any where called safe haven? If yes can you please show me. Where I will keep my money, it will not depreciating but keeps appreciating till infinity. I believe that should be the definition of a safe haven.
But if you cannot find anything as such, please buy bitcoin and stop looking for a safe haven in a volatile asset.

So, when buying bitcoin, since there is no ideal safe haven, invest the money that you do not need in the short time and your investment will appreciate in the long term.


Title: Re: Is Bitcoin a safe haven???
Post by: Oilacris on May 12, 2022, 09:16:34 PM
Re: Is Bitcoin a safe haven???
In investment, is there any where called safe haven? If yes can you please show me. Where I will keep my money, it will not depreciating but keeps appreciating till infinity. I believe that should be the definition of a safe haven.
But if you cannot find anything as such, please buy bitcoin and stop looking for a safe haven in a volatile asset.

So, when buying bitcoin, since there is no ideal safe haven, invest the money that you do not need in the short time and your investment will appreciate in the long term.
There's no such thing about safe haven because we know that each investments whether you are dealing with crypto or not will really be having imposed risks attached to it.

Therefore you should really make yourself be aware on what are the things or the reality that you would really be facing on rather than on making yourself to be that optimistic

for it to be safe because once you do experience losses then this is where you do say that people are right.


Title: Re: Is Bitcoin a safe haven???
Post by: lixer on May 13, 2022, 07:25:00 AM
Some people, consider saying that bitcoin is a safe haven for them. But for the other, others will say that bitcoin is for making money and will buy gold as a safe haven. So it will depend on each people where they will safe their money, whether in the gold form or bitcoin form or other forms. But for me, I will say that bitcoin is a safe haven as the price will have a big chance to increase and can be a place to save money rather than in the banks.
I do not understand people who think that gold is a profit making thing, whereas gold is a safe haven. I mean think about it, gold is so slow and barely makes any profit, it does but very small amount over course of many years. I mean if we are aware that we can profit from the current situation in the crypto world, then why care about what's going on in the gold markets?

I would prefer to keep bitcoin as long term and yes it does drop like these days for example but that doesn't change the fact that it is one of the best investments anyone could make right now, and that is why I love it and will not end up changing it to gold or anything else.


Title: Re: Is Bitcoin a safe haven???
Post by: ethereumhunter on May 13, 2022, 11:53:23 AM
I do not understand people who think that gold is a profit making thing, whereas gold is a safe haven. I mean think about it, gold is so slow and barely makes any profit, it does but very small amount over course of many years. I mean if we are aware that we can profit from the current situation in the crypto world, then why care about what's going on in the gold markets?

I would prefer to keep bitcoin as long term and yes it does drop like these days for example but that doesn't change the fact that it is one of the best investments anyone could make right now, and that is why I love it and will not end up changing it to gold or anything else.
I guess it's because they are used to holding gold for a long period of time and then selling it after a few years. It happens in most of the small communities and they always try to buy gold in small form. Maybe the benefits that gold provides are very small over the years and that's because people just know that gold is their best choice.

And after the presence of bitcoin, I think people will start moving to buy bitcoin and that has happened now that many people and companies have seen bitcoin as a valuable asset. I also prefer to keep bitcoins long-term and continue to buy bitcoins when the price is decreasing like now. After getting acquainted with bitcoin, I consider bitcoin to be one of the best investments.


Title: Re: Is Bitcoin a safe haven???
Post by: KingsDen on May 13, 2022, 02:28:10 PM
Bitcoin is a safe haven and also not a safe haven.

When compared to other cryptocurrencies (altcoins), bitcoin is a safe haven. Bitcoin will not drain your portfolio and disappear from the market. At this period of dip, many shitcoins will leave the market with your monies, but bitcoin will always give you back with profits only if you can be patient. Bitcoin also is the oldest, we aren't scared that it will cease to exist tomorrow. So, you are free to buy and hodl bitcoin for a long time and yet bitcoin will be there for you. This cannot be said for altcoins.

Bitcoin is not a safe haven in general knowledge. There are other things you will invest in that will not depreciate but will continue to appreciate even if not as fast as you expect it to be.


Title: Re: Is Bitcoin a safe haven???
Post by: YOSHIE on May 13, 2022, 03:21:14 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration.
The word 'safe' if interpreted has a very broad meaning, from which side Bitcoin is safe or not, investment, trade, storage or something I don't know.

Talk about security, moreover Bitcoin in your own home is not safe, if you talk about assets, anything can be risky be it on the internet or in the real world, that's life, but as long as you have information, thoroughness, memory, vigilance etc., security will create itself without you knowing it.

Investing obviously has risks, if you don't have a good knowledge, not only about Bitcoin, other situations and activities also have risks, Safe or not it depends on the situation and you alone.


Title: Re: Is Bitcoin a safe haven???
Post by: ShowOff on May 13, 2022, 03:50:36 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Bitcoin is certainly not safe from price fluctuations, but it might be better if adoption increases further in the future. But so far I don't think bitcoin has become a safe and stable asset for a store of value because of its volatility, but it could be interpreted as something profitable.

Of course it's safe to say that bitcoin has great potential to benefit its investors in the future due to the ever-increasing volume and demand for transactions, but consider the risks because they are always there.



Title: Re: Is Bitcoin a safe haven???
Post by: Henrobakkara on May 13, 2022, 04:19:39 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Which other investment is it out there that you could just invest in and go to sleep even though they might not be as volatile as Bitcoin? Every investment is risky you could say the Crypto investment is riskier but Bitcoin investment could still be seen as safe in the crypto realm. Just look at what happened to Terra Luna, No matter how down the price of Bitcoin goes, I don't think there is ever a doubt whether it will recover it is only just a matter of when and you said it too, all you need in your Bitcoin investment is a sound mental faculty and lots of patience and discipline and you are good.


Title: Re: Is Bitcoin a safe haven???
Post by: FlamingFingers on May 13, 2022, 06:36:51 PM
In my opinion I think bitcoin might be called a safe haven if you are only in for the long term, imagine having bitcoin as a safe haven back in ten years ago, regardless of the volatility and inflation rate surrounding the world, bitcoin has been to the rescue. Shun the volatility and go in for long term


Title: Re: Is Bitcoin a safe haven???
Post by: sklopan on May 13, 2022, 07:17:35 PM
I believe that bitcoin is a completely safe investment option. But, I would say that bitcoin is a rather unstable currency that can bring both losses and profits.


Title: Re: Is Bitcoin a safe haven???
Post by: Anguwa on May 13, 2022, 07:20:09 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Bitcoin is a secure haven for cryptocurrency.
Consider how the current market situation is: many cryptocurrencies have fallen below their listing price, while BTC has yet to fall more than 60%. For example, Luna is almost dead because it has fallen more than 90% of its price, so we can't call it a safe heaven, but BTC cannot go that low due to the strength of the investors and the worldwide trust in BTC. I still believe in Bitcoin regardless of how the cryptocurrency industry evolves.


Title: Re: Is Bitcoin a safe haven???
Post by: The Cryptovator on May 13, 2022, 08:02:35 PM
Nothing is safe in cryptocurrency. Bitcoin is called safe heaven because if you buy 1 Bitcoin it always exists 1 Bitcoin. If you buy another altcoin then you can't say you are holding X Bitcoin. You can see the current situation, just Luna crash the whole cryptocurrency market, just not only their coin. So we can't call any cryptocurrency safe. Cryptocurrency investments always remain risky, either Bitcoin or any other. But Bitcoin is quite safer than any other coin. So do your own research.


Title: Re: Is Bitcoin a safe haven???
Post by: m2017 on May 14, 2022, 06:24:03 AM
Nothing is safe in cryptocurrency. Bitcoin is called safe heaven because if you buy 1 Bitcoin it always exists 1 Bitcoin. If you buy another altcoin then you can't say you are holding X Bitcoin. You can see the current situation, just Luna crash the whole cryptocurrency market, just not only their coin. So we can't call any cryptocurrency safe. Cryptocurrency investments always remain risky, either Bitcoin or any other. But Bitcoin is quite safer than any other coin. So do your own research.
Well, to put it this way, nothing is 100% safe and bitcoin or other crypto also carries risks, like any financial instrument. This is easy to see if you remember the past few days and the collapse of crypto market with panicking investors. An unenviable fate awaits those who urgently need money at this moment and all their assets were invested in crypto. Therefore, one should never forget about the volatility of bitcoin and it is best to diversify risks by distributing your funds into different financial instruments. Investing all your money in bitcoin, like putting all your eggs in a basket, as in that saying, as we see once again, is fraught with very unpleasant consequences.


Title: Re: Is Bitcoin a safe haven???
Post by: molsewid on May 14, 2022, 04:13:12 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

It is not a safe haven for me , don't get me wrong but bitcoin doesn't have a stable value, the last time I check it is around 29k$ last time the price is at 69k$, the price always change because crypto is volatile. Yes you are right it is good investment, holding bitcoin if you buy it today is good, but make sure to check the chart and analyze it first.


Title: Re: Is Bitcoin a safe haven???
Post by: Marvell1 on May 14, 2022, 04:27:54 PM
Bitcoin is highly volatile but if you consider it a long-term holding, it can be considered a safe haven. In the last few days we are going through serious bearish days and people are starting to worry about the value of bitcoin. But this is only a short-term perspective, if you look at the overall picture from 2009 to now, bitcoin increased from 1 $ to 69k $ then bitcoin deserves to be a safe haven.

Besides bitcoin being a decentralized asset, it will be a safe solution for you to hold assets without government or third party intervention. You have full control and use them without notice to anyone.


Title: Re: Is Bitcoin a safe haven???
Post by: KaliLinux on May 14, 2022, 04:50:52 PM
I believe that bitcoin is a completely safe investment option. But, I would say that bitcoin is a rather unstable currency that can bring both losses and profits.
Losses only if you sell and or if you are leveraging. just as @FlamingFingers just mentioned, Investors should learn how to invest for the long term instead of aiming for quick gains, especially with Bitcoin and we know that the market cannot always be upwards. Imagine you investing to HODL for the next 10years? somehow it is a safe heaven.


Title: Re: Is Bitcoin a safe haven???
Post by: kryptqnick on May 14, 2022, 05:32:10 PM
To answer the question about whether Bitcoin is a safe haven, we must first agree what we mean by it. Originally, it's a place of refuge, where one can be safe. If we consider the economic meaning, it's, according to Investopedia (https://www.investopedia.com/terms/s/safe-haven.asp#:~:text=A%20safe%20haven%20is%20a,the%20event%20of%20market%20downturns.), an investment that's "expected to retain or increase in value during times of market turbulence".
In both cases, then, Bitcoin is not a safe haven. Bitcoin can go up or down, and it can temporarily succumb to market turbulence. So it's not helpful against volatility because it is itself very volatile.
However, Bitcoin historically does tend to recover, even if it takes a lot of time. Which makes it a good long-term investment and a potential way of saving one's wealth if one believes that Bitcoin will recover again, like it did before.


Title: Re: Is Bitcoin a safe haven???
Post by: 7788bitcoin on May 14, 2022, 09:25:52 PM
In my opinion I think bitcoin might be called a safe haven if you are only in for the long term, imagine having bitcoin as a safe haven back in ten years ago, regardless of the volatility and inflation rate surrounding the world, bitcoin has been to the rescue. Shun the volatility and go in for long term
It is much easier to say that people would invest heavily in Bitcoin ten years ago, anyone who invested knows the risks involved and have taken a chance and they were rewarded, no one knew in the beginning that it will be widely accepted and countries will be using it as a legal tender and a decade later things have changed drastically. Right now i would not consider it as a safe heaven but still if you are smart enough you can make a good profit.


Title: Re: Is Bitcoin a safe haven???
Post by: Dunamisx on May 15, 2022, 05:44:09 PM
I believe that bitcoin is a completely safe investment option. But, I would say that bitcoin is a rather unstable currency that can bring both losses and profits.

the major plan of how bitcoin operates is to make profits and not loss, most of the losses encountered were as a result of our negligence to caution on how we takes somethings to an extent, moderation is very essential in such a way that we should not be too greedy or over anxious about making a quick profit returns, I've not seen any long term investor of bitcoin regretting their decision in choosing bitcoin but rather had it the best decentralize digital form for a store of value and assets.


Title: Re: Is Bitcoin a safe haven???
Post by: Zanab247 on May 15, 2022, 06:44:51 PM
Quote
If you look at the performance until recently, it has behaved like a safe haven, the problem is that if you look at the market over the last 24 hours it doesn't look like a safe haven, but you have to take a broader perspective.
The performance is not encouraging long term investors to sell their coins because the market is not a safe haven. The price has increased a little does not mean it is a safe haven because the price is still moving between $29k to $30k which anything can still happen that will make the price to go up or come down in the market. We are still in bear market which is good for holding to watch the market price very well before releasing for sale.


Title: Re: Is Bitcoin a safe haven???
Post by: justdimin on May 15, 2022, 09:06:05 PM
I do not understand people who think that gold is a profit making thing, whereas gold is a safe haven. I mean think about it, gold is so slow and barely makes any profit, it does but very small amount over course of many years. I mean if we are aware that we can profit from the current situation in the crypto world, then why care about what's going on in the gold markets?

I would prefer to keep bitcoin as long term and yes it does drop like these days for example but that doesn't change the fact that it is one of the best investments anyone could make right now, and that is why I love it and will not end up changing it to gold or anything else.
Gold is nothing to me, never made any sense to me. It is a "thing" that people gave a lot of value as investment, why not something else? I mean hydrogen is not stored carefully, but that's basically it, they just found something that is a bit more rare and easily storeable and they put some value on it.

Crypto is not like that, you can spend crypto and send it all around the world, sure we did give it a value ourselves but we are using it as well, there is a very limited usage of gold, and when it is used and gone, to a place where we can't recover it, eventually it will be over whereas crypto is used again and again in many different places.


Title: Re: Is Bitcoin a safe haven???
Post by: GeorgeJohn on May 15, 2022, 10:15:19 PM
I believe that bitcoin is a completely safe investment option. But, I would say that bitcoin is a rather unstable currency that can bring both losses and profits.
Bitcoin is majorly for investment, exchange of goods and services, actually bitcoin i can be said to be the investment which concern's of both losses and profit, but openly known that their is no investment without adventuring into risk, even the offline transaction's or business that we all known has a loophole when you come in terms of business, no currency that's not unstable as you can see this period and no business that doesn't involve lost and profit, so it's the nature traders and enterprenues.


Title: Re: Is Bitcoin a safe haven???
Post by: D ltr on May 15, 2022, 11:15:34 PM
I'm not saying it's safe because anything can happen, let's take the example of Luna, I'm sure BTC one day will be like Luna if there are no fans,
but I don't deny that bitcoin has given me more than enough financial


Title: Re: Is Bitcoin a safe haven???
Post by: uneng on May 15, 2022, 11:29:29 PM
Just compare bitcoin to fiat history since the beginning. That is, check the evolution of bitcoin purchasing power since 2009 and now compare to fiat purchasing power also since 2009.

On that time, 1 bitcoin could probably buy me a bubble gum, while 1 unit of my fiat currency was enough to buy me a 20 fl. oz water bottle.
Now, 13 years later, 1 bitcoin can buy a property, while 1 unit of my fiat currency buys less than 10 fl. oz of a low quality water bottle...

Maybe there isn't anything such as safe heaven, but among the disponible alternatives, I think the preferable one is pretty clear when we think about the potential of each of them on long run.


Title: Re: Is Bitcoin a safe haven???
Post by: KennyR on May 15, 2022, 11:44:56 PM
I believe that bitcoin is a completely safe investment option. But, I would say that bitcoin is a rather unstable currency that can bring both losses and profits.
Bitcoin is majorly for investment, exchange of goods and services, actually bitcoin i can be said to be the investment which concern's of both losses and profit, but openly known that their is no investment without adventuring into risk, even the offline transaction's or business that we all known has a loophole when you come in terms of business, no currency that's not unstable as you can see this period and no business that doesn't involve lost and profit, so it's the nature traders and enterprenues.
Agreed, people also prioritise it as an investment than on other needs. Every form of investment have got risk within it, but what cryptocurrency market have is something bigger. Now users who find cryptocurrency as a way to make money at the shortest would've realised how risky as the market have dropped down drastically. Think of the situation of big bag holders of luna, now they're almost bankrupt if they don't have any other holdings.


Title: Re: Is Bitcoin a safe haven???
Post by: taufik123 on May 16, 2022, 08:44:17 AM
The risk of investing in cryptocurrencies is indeed very large. for anyone who is not prepared to risk price fluctuations then they will regret it. Like the Luna holders who bought LUNA for around $100, they went bankrupt and of course went through tremendous mental stress, millions of dollars instantly became thousands of dollars.

Same is the case with other altcoins or Bitcoin. Bitcoin cannot be used as a safe haven asset because bitcoin has a high volatility. if you have safe haven assets, it is better to switch to gold or property. Bitcoin is only used as a high risk high return investment.


Title: Re: Is Bitcoin a safe haven???
Post by: Mpamaegbu on May 16, 2022, 06:33:04 PM
I'm not saying it's safe because anything can happen, let's take the example of Luna, I'm sure BTC one day will be like Luna if there are no fans,
but I don't deny that bitcoin has given me more than enough financial
Luna's problem wasn't because it lacked fans. Nope, not that. Luna only started losing fan base when it began to dump massively. It will be the death of cryptos if Bitcoin were to be thrown into the same confused state that Luna is now. Do you know how hard Luna dropped to even compare it with what could happen to the pathfinder Bitcoin? If Bitcoin dumped that much the entire market will evaporate. It's that bad and I don't wish we got to that extent.


Title: Re: Is Bitcoin a safe haven???
Post by: OgNasty on May 16, 2022, 07:33:43 PM
I'm not saying it's safe because anything can happen, let's take the example of Luna, I'm sure BTC one day will be like Luna if there are no fans,
but I don't deny that bitcoin has given me more than enough financial
Luna's problem wasn't because it lacked fans. Nope, not that. Luna only started losing fan base when it began to dump massively. It will be the death of cryptos if Bitcoin were to be thrown into the same confused state that Luna is now. Do you know how hard Luna dropped to even compare it with what could happen to the pathfinder Bitcoin? If Bitcoin dumped that much the entire market will evaporate. It's that bad and I don't wish we got to that extent.

Obviously Luna and Bitcoin are miles apart.  Luna's function was to dump on people to hold a peg.  It was insane that people were pumping it in the first place.  Looking back, it's easy to see that the opportunity was in the dump, not the pump.  Had I looked into that garbage while it was still running and learned how it operated, I would've shorted the hell out of it any way possible as well. 

If Bitcoin fails, it won't be because it loses fans or some algorithmically designed crash.  It will be because it's payment network becomes compromised and starts freezing payments while it's core network gets too expensive to use.  That's why the core network is being pushed as a store of value while the lightning network's risks are downplayed greatly.


Title: Re: Is Bitcoin a safe haven???
Post by: maartenhaha on May 17, 2022, 01:40:22 AM
everyone knows the price of bitcoin is unstable, the question of bitcoin a safe place is wrong, if you want a safe place, just choose usdt because the price is stable if you choose bitcoin for assets, the risk is high, you may lose, you can become a billionaire, but advice If you want to invest in the long term, it is very appropriate if you choose bitcoin.


Title: Re: Is Bitcoin a safe haven???
Post by: DrNicholson on May 18, 2022, 11:39:13 AM
Unfortunatly bitcoin is not safe haven, As of May 17, 2022, I think this has become obvious to everyone. Bitcoin is an excellent investment tool, but not for savings. Many people come to us in https://medzone.clinic/ (https://medzone.clinic/) to treat their nervous breakdowns because of unsuccessful investments in bitcoin, and because they kept money in it


Title: Re: Is Bitcoin a safe haven???
Post by: Ale88 on May 18, 2022, 04:09:16 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Nothing is this world is safe, nothing can be 100% sure (except death and taxes). If making money with bitcoin was so easy everybody would do it and yet we have a lot of people buying high and selling low because they fear they're going to lose everything. For sure at the same time it also requires a lot of auto control, oftentimes even simply hodling can become a challenge.


Title: Re: Is Bitcoin a safe haven???
Post by: AakZaki on May 18, 2022, 06:02:49 PM
everyone knows the price of bitcoin is unstable, the question of bitcoin a safe place is wrong, if you want a safe place, just choose usdt because the price is stable if you choose bitcoin for assets, the risk is high, you may lose, you can become a billionaire, but advice If you want to invest in the long term, it is very appropriate if you choose bitcoin.
All investments have risks, but I think so far the safe investment is on gold or land.  The consensus of the world community and the government has recognized that. If comparing with Bitcoin is certainly very different, their consensus is only agreed by a few people, even the government is still in the research stage. This means that Bitcoin is still limited to certain circles, although today's developments they are very good. Whether for the future, so far post halving indeed bitcoin always touches a new high price. It is indeed a little interesting according to the calculation of the price of BTC will continue to rise due to the increasingly scarce supply.


Title: Re: Is Bitcoin a safe haven???
Post by: BITCOIN4X on May 18, 2022, 06:17:26 PM
All investments have risks, but I think so far the safe investment is on gold or land.
I agree about these two investments and so far I think they have minimal risk which is safer than crypto investments.


The consensus of the world community and the government has recognized that. If comparing with Bitcoin is certainly very different, their consensus is only agreed by a few people, even the government is still in the research stage. This means that Bitcoin is still limited to certain circles, although today's developments they are very good. Whether for the future, so far post halving indeed bitcoin always touches a new high price. It is indeed a little interesting according to the calculation of the price of BTC will continue to rise due to the increasingly scarce supply.
Bitcoin holds the most fantastic record as a profitable investment asset in the last decade compared to gold or land. I know bitcoin investing is high risk but worth the payoff. 1 bitcoin in 2010 may have made the holder buy 1 kg of gold in 2021, but investing 1 bitcoin worth of gold in 2010 cannot buy 1 kg of gold in 2021. I think that is only a small comparison regardless of the risks.


Title: Re: Is Bitcoin a safe haven???
Post by: Rufsilf on May 18, 2022, 06:59:53 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

I think nobody has said that investing in bitcoin can be considered as a safe haven as most people especially businessmen really knew how volatile the market is, and actually, no such investment in this God's green earth is a safe haven even stock and real estate. But bitcoin can be used as a safeguard against inflation.

Quote
Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Now I'm not certain what's the definition of your safe haven.


Title: Re: Is Bitcoin a safe haven???
Post by: passwordnow on May 18, 2022, 08:39:44 PM
I think nobody has said that investing in bitcoin can be considered as a safe haven as most people especially businessmen really knew how volatile the market is, and actually, no such investment in this God's green earth is a safe haven even stock and real estate. But bitcoin can be used as a safeguard against inflation.
Many did but the context is about being a safe haven from those manipulation that could lead the other tokens to zero or the popular call we have today as rug pull. 2018 and past below those years, there's no term yet for that but an exit. And as for bitcoin, it's a safe haven from all of those potential exits since there's no more satoshi that have shown up and there's no central power that can just dump all at once. But, there are the whales that can still manipulate the market but it's not going there as exits that will pull the value of it nearly zero.


Title: Re: Is Bitcoin a safe haven???
Post by: goldkingcoiner on May 18, 2022, 08:52:08 PM
All investments have risks, but I think so far the safe investment is on gold or land.
I agree about these two investments and so far I think they have minimal risk which is safer than crypto investments.


The consensus of the world community and the government has recognized that. If comparing with Bitcoin is certainly very different, their consensus is only agreed by a few people, even the government is still in the research stage. This means that Bitcoin is still limited to certain circles, although today's developments they are very good. Whether for the future, so far post halving indeed bitcoin always touches a new high price. It is indeed a little interesting according to the calculation of the price of BTC will continue to rise due to the increasingly scarce supply.
Bitcoin holds the most fantastic record as a profitable investment asset in the last decade compared to gold or land. I know bitcoin investing is high risk but worth the payoff. 1 bitcoin in 2010 may have made the holder buy 1 kg of gold in 2021, but investing 1 bitcoin worth of gold in 2010 cannot buy 1 kg of gold in 2021. I think that is only a small comparison regardless of the risks.


The very point of Bitcoin is severely misunderstood by many people. They act like Bitcoin is some sort of store of value for fiat and a way to make more fiat. While it is a wonderful hedge against inflation, so is gold and other precious metals which have many everyday, irreplaceable use cases. From my own perspective fiat needs to be phased out and replaced by Bitcoin entirely, so that there is a depegging from fiat and the only thing Bitcoin will be pegged to are things and services you can buy. And which are worth buying with Bitcoin instead of fiat.

But the question is how do we do that so that 1 BTC truly becomes 1 BTC?


Title: Re: Is Bitcoin a safe haven???
Post by: Abiky on May 19, 2022, 11:36:57 AM
The risk of investing in cryptocurrencies is indeed very large. for anyone who is not prepared to risk price fluctuations then they will regret it. Like the Luna holders who bought LUNA for around $100, they went bankrupt and of course went through tremendous mental stress, millions of dollars instantly became thousands of dollars.

Same is the case with other altcoins or Bitcoin. Bitcoin cannot be used as a safe haven asset because bitcoin has a high volatility. if you have safe haven assets, it is better to switch to gold or property. Bitcoin is only used as a high risk high return investment.

Exactly. The high volatility is what kills Bitcoin's ability to be used as a safe-haven asset. Gold is volatile too, but at a lesser degree than Bitcoin itself. Who'd want to rely on something that's constantly changing in value over time? With what happened with LUNA lately, I'd think twice before relying on any cryptocurrency as a long-term investment. Bitcoin may be the strongest cryptocurrency in the world, but it's not immune to a high drop in price if things go wrong in the long run.

Ultimately, it's all about minimizing risks. As long as you diversify your investment into more than one cryptocurrency, you'll have nothing to worry about. Just my thoughts ;D


Title: Re: Is Bitcoin a safe haven???
Post by: dataispower on May 19, 2022, 12:05:55 PM
In crypto patience is the best weapon to become successful in this industry. The volatility of Bitcoin is every imminent wherein it can give you profit or it will give you saddened loses anytime. Market has cycles that's why it's best to make the timing so important to enjoy the crypto success in the long term haul and waiting for the bull seasons to come through.
I don't know how you have such ideas. Some newbies have reason than some people who have stayed long in bitcoin. The only thing you have to keep your Bitcoin to be for profit line of investment is to being patience. When you study the market geography is when you will know what the market will result tomorrow and what it can result out now. Some people go into lost for cryptocurrency investment through lack of the ideas of being patient with the price speculation of bitcoin. When you keep your coin and it stays for long time if bull market meet it, you will have profit


Title: Re: Is Bitcoin a safe haven???
Post by: fauzan Ichsan on May 19, 2022, 12:58:28 PM
In crypto patience is the best weapon to become successful in this industry. The volatility of Bitcoin is every imminent wherein it can give you profit or it will give you saddened loses anytime. Market has cycles that's why it's best to make the timing so important to enjoy the crypto success in the long term haul and waiting for the bull seasons to come through.
I don't know how you have such ideas. Some newbies have reason than some people who have stayed long in bitcoin. The only thing you have to keep your Bitcoin to be for profit line of investment is to being patience. When you study the market geography is when you will know what the market will result tomorrow and what it can result out now. Some people go into lost for cryptocurrency investment through lack of the ideas of being patient with the price speculation of bitcoin. When you keep your coin and it stays for long time if bull market meet it, you will have profit
it will be profitable when the bullish season arrives if we sell it, because many people continue to hold it, until the bearish season comes, except when investing with the aim of holding it for the long term. but sad for those who are attacked by greed, and cannot take advantage of opportunities well. there can be panic selling which is actually experienced, so for that we must have knowledge and goals


Title: Re: Is Bitcoin a safe haven???
Post by: mich on May 20, 2022, 07:45:30 AM
I believe Bitcoin is one of the safest asset classes to hedge against inflation. The government has pumped trillions of dollars into the economy during the pandemic and now even more spending with the war in Ukraine.
All this government spending depreciates the value of the dollar significantly. Alternatively, BTC is limited in supply and I believe this recession will not significantly affect the price. Better still, an investment in BTC will likely appreciate dramatically over time.
The price is low right now and it’s definitely one the best positions to be in for the next few years.


Title: Re: Is Bitcoin a safe haven???
Post by: serjent05 on May 20, 2022, 08:15:16 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Before discussing we should know first what is the meaning of safe haven. From several definitions given on the internet,

Quote
A safe haven is a place, a situation, or an activity which provides people with an opportunity to escape from things that they find unpleasant or worrying.

I don't think Bitcoin can be considered as that because once we have a stash of it, worries will flock in.  These worries are price volatility, institutional acceptance and regulation, hack/theft, and inheritance.

Worries about price volatility:  We all know that Bitcoin is highly volatile, it would be wishful thinking that the Bitcoin market or price will be forever up trending.  This can be debatable because lots of us believe that Bitcoin will go up as adoption and demand increase but I believe that there is always this maximum threshold that when achieved there is no other way but a downward path.

Institutional acceptance and regulation:  In both bitcoin-friendly and unfriendly countries, holders always worry about the countries' regulations.  May it be tax or law on bitcoin acquisition, Definitely this contradicts the definition of safe haven because the worry-free opportunity is nullified.  Funny how many of us think that we had escaped the central authority when in reality, we can't because the moment we spend our BTC on the internet, we have already entered centralization.  P2P may be an answer but would we trust people that we don't know? So even in P2P transaction, worry is always present.

The rest can be self-explanatory.


Title: Re: Is Bitcoin a safe haven???
Post by: velive08 on May 20, 2022, 08:22:14 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
it is true that Bitcoin price movements are very volatile but that is the reason to be able to make Bitcoin a good place to invest, for security I also believe that investing in Bitcoin is for the long term, because every year sooner or later Bitcoin always recovers from the past and the possibility of that too will be the same in the future. just need to be patient and don't panic when the Bitcoin price falls.


Title: Re: Is Bitcoin a safe haven???
Post by: franky1 on May 20, 2022, 04:38:53 PM
safe haven:
can you put value safely away from the wife during a divorce.. bitcoin says yes
can you put value safely away from family until YOU decide.. bitcoin says yes
can you put value away without the need of a bank manager.. bitcoin says yes


with fiat. if you want some off-shore account or some trust fund. you need lawyers and bank managers and alot of peoples acceptance and planning.

with bitcoin you just need a private key

as for store of value.
FORGET THE PRICE

thats just the cream ontop the milk. the curd that can be thin or thick depending on the day and temperature.

the real milk thats good for you sits under this curd.
thats the value.

take the real store of value. its above $20k.
the 'price'(curd/cheese) layer ontop.. its the speculation of the fighting over who needs it most. ABOVE value

this is what people pay extra for even if they dont want it.

when you go to a retail store to buy milk. you are only looking to buy the milk but the retail price also includes all the extra costs involved in the milk curd aswell.
yep the pasteurisation and filtering and all them stuff that goes into it.
so when you see 2litres of milk for £1.50 at retail. what you should be thinking about is the milk(value) alone should be more like £1.

but you wont see the retail(price) at £1. because the milk curd costs are included in the PRICE.. yes your paying for the curd even if you dont want it

so forget looking at the bitcoin market PRICE as the 'store of value'(milk)
imagine a separate line below it as the VALUE line. and anything above it is just speculation
when there is very little speculation. then the PRICE is good value(cheap). when the PRICE has massive speculation. then its bad value(premium)

EG imagine 2021-2022 as a $20k value line
the ATH of $69k was massive speculation of $49k curd/bubble/hype.. =bad/premium
the ATL of $27k is small speculation of $7k curd/hype = good/cheap


Title: Re: Is Bitcoin a safe haven???
Post by: fzkto on May 20, 2022, 05:34:49 PM
Bitcoin is definitely a means of saving and a safe haven for your funds if you can afford to forget about it for a long time. Throughout its history, bitcoin has yet to disappoint its long-term investors. And if you suddenly need to buy a new macbook or change the engine in your car with your bitcoin investment, believe me, it will happen at the most inopportune moment.


Title: Re: Is Bitcoin a safe haven???
Post by: Rufsilf on May 20, 2022, 06:52:45 PM
Bitcoin is definitely a means of saving and a safe haven for your funds if you can afford to forget about it for a long time. Throughout its history, bitcoin has yet to disappoint its long-term investors. And if you suddenly need to buy a new macbook or change the engine in your car with your bitcoin investment, believe me, it will happen at the most inopportune moment.

Bitcoin has been and already proven to be trusted as an investment throughout the times since it came to the market over a decade ago despite its volatility factor, big thanks to the Founder, SN! Moreover, investing in bitcoin will give you a hedge against inflation and that same investment will always increase throughout time because there's also a halving phenomenon every 4 years.


Title: Re: Is Bitcoin a safe haven???
Post by: Mr.sprin on May 21, 2022, 07:57:08 AM
so far no big investors say bitcoin is not safe many I have met say bitcoin is not safe only people who want bitcoin to fall they create ways or fake news to drop bitcoin price. so if the question is bitcoin a safe place, the answer is bitcoin is really a safe place.


Title: Re: Is Bitcoin a safe haven???
Post by: dragonb on May 21, 2022, 08:15:55 AM
i just read yesterday that a crypto expert (i don't know if he named himself that haha) believes that bitcoin will eventually reach $500,000...well i'm curious.... I am now more interested in "small" coins, because the potential is still much greater, I think...


Title: Re: Is Bitcoin a safe haven???
Post by: buwaytress on May 21, 2022, 08:19:22 AM
safe haven:
can you put value safely away from the wife during a divorce.. bitcoin says yes
can you put value safely away from family until YOU decide.. bitcoin says yes
can you put value away without the need of a bank manager.. bitcoin says yes

Man I always thought of stuff in this way BUT I could never actually think of these 2 family examples even though this is actually how and why I've stored my modest inheritance valuein Bitcoin, away from extended family and only in the hands of one trusted member, until the day I decide.

No other option allows me do this without, as you say, trusting some other unknown and unknowable entity.



Title: Re: Is Bitcoin a safe haven???
Post by: bayu7adi on May 21, 2022, 09:27:02 AM
Ultimately, it's all about minimizing risks. As long as you diversify your investment into more than one cryptocurrency, you'll have nothing to worry about. Just my thoughts ;D
Interesting thought :D , but to date Bitcoin is the metric that has the most influence in determining the direction of the cryptocurrency market. Storing assets in several different places, of course, minimizes the risk when other assets experience problems. But if Bitcoin proves to be problematic, is this a sign of the end of the cryptocurrency's existence?
A large percentage of all altcoin assets will also be destroyed, my mind is like that.
So, storing assets in multiple places has a fixed reference to the Bitcoin price.


Title: Re: Is Bitcoin a safe haven???
Post by: Myntist.official on May 21, 2022, 09:46:17 AM
i just read yesterday that a crypto expert (i don't know if he named himself that haha) believes that bitcoin will eventually reach $500,000...well i'm curious.... I am now more interested in "small" coins, because the potential is still much greater, I think...
::) ::) ::) who is that expert? I don't think so this gonna happen for at least 50 years and which small coin you are investing ??


Title: Re: Is Bitcoin a safe haven???
Post by: Myntist.official on May 21, 2022, 09:49:27 AM
so far no big investors say bitcoin is not safe many I have met say bitcoin is not safe only people who want bitcoin to fall they create ways or fake news to drop bitcoin price. so if the question is bitcoin a safe place, the answer is bitcoin is really a safe place.
Many big investor in the past having said that Bitcoin is just like a bubble, Once this bubble boom you don't have anything in your hand. If BTC is the safe haven then Chinese  would definitely fill up their bags. What you say is BTC backed by US government or Elon musk  ;D ;D ;D


Title: Re: Is Bitcoin a safe haven???
Post by: Ojengonggu on May 21, 2022, 01:52:23 PM
so far no big investors say bitcoin is not safe many I have met say bitcoin is not safe only people who want bitcoin to fall they create ways or fake news to drop bitcoin price. so if the question is bitcoin a safe place, the answer is bitcoin is really a safe place.
Many big investor in the past having said that Bitcoin is just like a bubble, Once this bubble boom you don't have anything in your hand. If BTC is the safe haven then Chinese  would definitely fill up their bags. What you say is BTC backed by US government or Elon musk  ;D ;D ;D

Why do you say that as if there is still no belief in bitcoin's growth so far.
Do you doubt bitcoin because the current bitcoin price seems like an unclear bubble.
It's true that bitcoin so far has not had great support from the US government, but hasn't bitcoin already had a push from Elon Musk?


Title: Re: Is Bitcoin a safe haven???
Post by: Coin BTC on May 21, 2022, 06:20:53 PM
I think this is a very safe haven, and we all know that the most expensive currency in the world of cryptocurrency is of course aimed at the King of Coins, namely Bitcoin, and Bitcoin is the only coin that all countries can invest in Bitcoin, and we can say Bitcoin is very Safe Haven.


Title: Re: Is Bitcoin a safe haven???
Post by: franky1 on May 21, 2022, 06:55:02 PM
safe haven:
can you put value safely away from the wife during a divorce.. bitcoin says yes
can you put value safely away from family until YOU decide.. bitcoin says yes
can you put value away without the need of a bank manager.. bitcoin says yes

Man I always thought of stuff in this way BUT I could never actually think of these 2 family examples even though this is actually how and why I've stored my modest inheritance valuein Bitcoin, away from extended family and only in the hands of one trusted member, until the day I decide.

No other option allows me do this without, as you say, trusting some other unknown and unknowable entity.
yep bitcoin has many benefits of utility

before bitcoin i was into share trading. and had all the headaches of banks wanting their cuts/commissions/taxes/duties paid and also having to explain my trades. when i wanted to exit and avoid further taxes i thought about putting funds into a trust or offshore.. this required more headaches and more meetings with bank managers and lawyers to create a bank contract and account that would work.. and all the costs and fee's related to this.. (more headaches)

yet with bitcoin. its a simple move funds to an address.. done
i can without anyone else. create multisig if i want a family trust of certain parties to agree on how funds should be spent. or i can create a way to encode the private key into keywords(seed) and put them into a will. all without involving third parties, where only the recipient knows what the secrets are
i didnt need to declare it or announce it as the funds were not 'cashed out' in local jurisdiction.

and thats just some examples of what bitcoin offers


Title: Re: Is Bitcoin a safe haven???
Post by: ilovealtcoins on May 22, 2022, 07:12:12 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

No asset is 100% safe for you, not even gold or real estate. Just by diversifying our portfolio, we will reduce some of the risk. Bitcoin's volatility makes it not really a safe haven for speculators but in the long run, bitcoin can be seen as a safe haven as its price increases over time. Bitcoin is suitable for long-term holding strategies. Bitcoin is suitable for long-term holding strategies and without exaggeration, it has grown from $1 to $69k in 13 years. There is no property that can do this.


Title: Re: Is Bitcoin a safe haven???
Post by: fzkto on May 22, 2022, 08:12:03 AM
Bitcoin is definitely a means of saving and a safe haven for your funds if you can afford to forget about it for a long time. Throughout its history, bitcoin has yet to disappoint its long-term investors. And if you suddenly need to buy a new macbook or change the engine in your car with your bitcoin investment, believe me, it will happen at the most inopportune moment.

Bitcoin has been and already proven to be trusted as an investment throughout the times since it came to the market over a decade ago despite its volatility factor, big thanks to the Founder, SN! Moreover, investing in bitcoin will give you a hedge against inflation and that same investment will always increase throughout time because there's also a halving phenomenon every 4 years.
By the way, I read an interesting thought today that bitcoin is no longer the asset we are used to and what it used to be. It is now as speculative an asset as the S&P or NASDAQ, for example. There are now many funds and large speculators, and there are various ETFs. If bitcoin used to disobey market movements, now it completely copies them, you can see it yourself by comparing the charts. But I still believe in a good future for bitcoin.


Title: Re: Is Bitcoin a safe haven???
Post by: amihada on May 22, 2022, 08:36:53 AM
Bitcoin proves to be the safest place, proof there is a big whale wallet hacked?
bitcoin is safe and there is no doubt, if there is a stolen wallet it is purely from the fault of the key holder's wallet it can be known by others, as long as the key is not known by others even though the wallet holder has died then the treasures in the wallet cannot be found. taken by someone else.


Title: Re: Is Bitcoin a safe haven???
Post by: sklopan on May 22, 2022, 10:50:24 AM
I think that bitcoin is conditionally safe. Why conditionally? - everything is quite simple. If it is quite possible to be calm about the safety of funds, then the course may surprise.


Title: Re: Is Bitcoin a safe haven???
Post by: molsewid on May 22, 2022, 02:13:32 PM
Bitcoin proves to be the safest place, proof there is a big whale wallet hacked?
bitcoin is safe and there is no doubt, if there is a stolen wallet it is purely from the fault of the key holder's wallet it can be known by others, as long as the key is not known by others even though the wallet holder has died then the treasures in the wallet cannot be found. taken by someone else.

In terms of technicalities, there's no doubt that bitcoin is secured but when we talk about other thing such as volatility, it is not the safe haven you are thinking. There is no safe haven for me in the world of investment, everything has its own risk, risk that a certain person need to manage. Maybe bitcoin among all other coin is the best coin to buy this season, I rather buy small amount of it rather than investing in some other token or some shitcoins in the future.


Title: Re: Is Bitcoin a safe haven???
Post by: Ultegra134 on May 22, 2022, 06:05:20 PM
While I'm a supporter of Bitcoin who has gone through several difficult periods of bear market and also supports the principle of 1 BTC is equal to 1 BTC, the risk is always there. Despite that I'm accustomed with its ups and downs, Bitcoin is a volatile asset, among many others, thus, the factor of risk is always there.

I believe that the market will recover at some point throughout 2023, till then, we'll need to be patient enough to get through this phase.


Title: Re: Is Bitcoin a safe haven???
Post by: Prince Malik on May 22, 2022, 06:13:38 PM
Bitcoin is a good investment yes and alot of people already make huge profits because they believe in bitcoin and blokchain technology, but its too late to say that bitcoin is a safe heaven, alot of countries wanted to ban crypto and make limitations and high fees for users and alot of people got wrong ideas about crypto so i don't think is investing in bitcoin now is a safe heaven


Title: Re: Is Bitcoin a safe haven???
Post by: doomloop on May 22, 2022, 06:28:19 PM
I believe Bitcoin is one of the safest asset classes to hedge against inflation. The government has pumped trillions of dollars into the economy during the pandemic and now even more spending with the war in Ukraine.
All this government spending depreciates the value of the dollar significantly. Alternatively, BTC is limited in supply and I believe this recession will not significantly affect the price. Better still, an investment in BTC will likely appreciate dramatically over time.
The price is low right now and it’s definitely one the best positions to be in for the next few years.
From what I have seen, USA printed 40% of all the money they ever printed in the last 2 years. That should be something to worry about as well. This means that the inflation we are having today shouldn't be just a temporary thing and it will be something that will stay that way for a long time.

I believe that it is going to be here for stay and it will be taking a while before we could ever go back to a world where it is just 1-2% inflation, maybe never. This should cause bitcoin to go up, and it would make it a lot better because if people are losing money in dollar, then people who hold bitcoin end up with making that money instead.


Title: Re: Is Bitcoin a safe haven???
Post by: teosanru on May 22, 2022, 06:44:24 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
I think the logic why people call it a safe haven is not because it can earn you millions or it's volatile, people call it safe haven because if you see past trend bitcoin has always bounced back, no matter how down it went, it always comes back and beats it's all time high after every few years, this is the reason why people feel no matter how much you lose the money in unrealized P&L it'll definitely go up some day and you'll be able to earn that money back.


Title: Re: Is Bitcoin a safe haven???
Post by: LUCKMCFLY on May 23, 2022, 02:19:29 AM
Based on my personal opinion and only what I know if I see BTC as a safe haven, I am aware that it can go down and down a lot, but I know that in the long run BTC will never disappoint me, this is what I have learned, if they give me the opportunity to buy and choose what to buy between Gold and BTC, I would undoubtedly choose BTC.
The BTC is really the asset that I trust the most and that is not bought like shares in the stock market or like any other speculative market, I know that many differ from my thinking, but I have always been clear about it.


Title: Re: Is Bitcoin a safe haven???
Post by: buwaytress on May 23, 2022, 12:26:12 PM
Man I always thought of stuff in this way BUT I could never actually think of these 2 family examples even though this is actually how and why I've stored my modest inheritance valuein Bitcoin, away from extended family and only in the hands of one trusted member, until the day I decide.

No other option allows me do this without, as you say, trusting some other unknown and unknowable entity.
yep bitcoin has many benefits of utility

before bitcoin i was into share trading. and had all the headaches of banks wanting their cuts/commissions/taxes/duties paid and also having to explain my trades. when i wanted to exit and avoid further taxes i thought about putting funds into a trust or offshore.. this required more headaches and more meetings with bank managers and lawyers to create a bank contract and account that would work.. and all the costs and fee's related to this.. (more headaches)

yet with bitcoin. its a simple move funds to an address.. done
i can without anyone else. create multisig if i want a family trust of certain parties to agree on how funds should be spent. or i can create a way to encode the private key into keywords(seed) and put them into a will. all without involving third parties, where only the recipient knows what the secrets are
i didnt need to declare it or announce it as the funds were not 'cashed out' in local jurisdiction.

and thats just some examples of what bitcoin offers


Was doing a smattering of forex for a bit, and then I just did online currency exchange (p2p, as the exchanger), so like Localbitcoins but with a hell lot more different types of currencies, this was the mid-2000s and Asia was awash with all kinds, and then a little thing called e-gold which I actually thought was brilliant. Fees and commissions, never mind, but when the big bad US took to e-gold and me and thousands of others lost everything literally overnight, hit me so bad I ignored Bitcoin when it emerged years later.

Had I understood it better then, I'd have got into it sooner. Have to thank my circumstances for actually bothering to read into it in 2015, and then getting my own in 2016.

And yeah, so many practical, actual examples, which you really don't get with anything in its class.


Title: Re: Is Bitcoin a safe haven???
Post by: cheezcarls on May 23, 2022, 12:31:45 PM
I ain’t calling Bitcoin a safe haven because it is prone to market volatility. I’ll just say that it’s the most valuable cryptocurrency for us to buy and hold in the long term as it is widely adopted by countries worldwide (especially the likes of El Salvador and Central African Republic who made Bitcoin a legal tender). Remember that there are no promises or guarantees in the world of crypto, so only invest or trade an amount that you can afford to lose.


Title: Re: Is Bitcoin a safe haven???
Post by: Desmong on May 23, 2022, 07:49:56 PM
I think this is a very safe haven, and we all know that the most expensive currency in the world of cryptocurrency is of course aimed at the King of Coins, namely Bitcoin, and Bitcoin is the only coin that all countries can invest in Bitcoin, and we can say Bitcoin is very Safe Haven.
Bitcoin is a reliable coin that is very volatile and we need to have this in mind when investing in it. It has strong force behind that keeps the cryptocurrency market in momentum. Bitcoin to me is a big safe heaven that had saved the lives of investors who has invested in it when the price was still little. More opportunities are coming that is why we need to be  alert and buy now that the price is low.


Title: Re: Is Bitcoin a safe haven???
Post by: abel1337 on May 23, 2022, 08:01:48 PM
Telling bitcoin a safe haven is hard thing to do. Given its characteristic that it is volatile, it would be hard to convince someone to put up all their asset into it. But yeah, bitcoin is better  amongst all the other crypto tokens out there, Bitcoin today would be hard to abandon because it is the king of crypto.

If I'm given a situation to store all of my money into crypto except stable coins, I would preferrably put it all into bitcoin since it survives many bear market among all the tokens.


Title: Re: Is Bitcoin a safe haven???
Post by: Coyster on May 23, 2022, 08:10:32 PM
Bitcoin to me is a big safe heaven that had saved the lives of investors who has invested in it when the price was still little.
Remember that people have also lost funds with it, but many of them are short term/get rich quick investors, Bitcoin is a long term project, and speculators who speculate with the price are to expect returns in the long run, but in the short term there can be quite a lot of drop/plunge/correction, call it whatever, but it could lose a lot in the short period to volatility, it does not hold its value for a long period of time, that is why it is not a safe haven asset, or a sort of store of value like Gold is.
If I'm given a situation to store all of my money into crypto except stable coins, I would preferrably put it all into bitcoin since it survives many bear market among all the tokens.
Bitcoin would prolly be the best to do such with, but please never consider that option, lol, that would be investing more than you can afford to lose.


Title: Re: Is Bitcoin a safe haven???
Post by: Hyphen(-) on May 23, 2022, 08:16:23 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Looking up how many people believe Bitcoin, as well as investing in Bitcoin, you should know that it is truly worth the hype, so nothing like exaggeration. So far, Bitcoin is the best crypto investment I can make without fear of losing money.


Title: Re: Is Bitcoin a safe haven???
Post by: boris singer on May 23, 2022, 09:46:21 PM
Telling bitcoin a safe haven is hard thing to do. Given its characteristic that it is volatile, it would be hard to convince someone to put up all their asset into it. But yeah, bitcoin is better  amongst all the other crypto tokens out there, Bitcoin today would be hard to abandon because it is the king of crypto.

If I'm given a situation to store all of my money into crypto except stable coins, I would preferrably put it all into bitcoin since it survives many bear market among all the tokens.
Because in fact it is too naive to say bitcoin is a safe place to store money.
It's true what you say because the volatile and unpredictable nature of bitcoin doesn't deserve to be called this is a safe and comfortable place but on the other hand why do many people like this because there really is no other answer because this is a pretty good place to investment.
when you see so many people who have lost hundreds, thousands, tens of thousands and even more than imagined, of course it is very hard to believe that this is something safe but when you understand the procedures for being here you can see which diamonds where iron.


Title: Re: Is Bitcoin a safe haven???
Post by: Abiky on May 24, 2022, 11:32:13 AM
While I'm a supporter of Bitcoin who has gone through several difficult periods of bear market and also supports the principle of 1 BTC is equal to 1 BTC, the risk is always there. Despite that I'm accustomed with its ups and downs, Bitcoin is a volatile asset, among many others, thus, the factor of risk is always there.

I believe that the market will recover at some point throughout 2023, till then, we'll need to be patient enough to get through this phase.

The reason why BTC isn't a safe-haven is because its value is tied to Fiat. In Fiat terms, BTC's price is volatile. But in pure crypto terms, it is not. 1 Bitcoin = 1 Bitcoin, right? All it takes is for the world to ditch the Fiat standard in order to embrace the Bitcoin standard with open arms. Fiat currencies like the USD and EUR would no longer be relied upon as a standard unit of account, as they're replaced by Bitcoin itself.

While this is unlikely to happen with the short term, it might happen in the future if Fiat continues to lose ground. Hyperinflation of Fiat currencies will lead us to "hyperbitcoinization" faster than you could've ever imagined. Bitcoin is working as intended as a decentralized cryptocurrency no one can stop. Who knows if the next 10 years, Bitcoin will relied upon as a safe-haven asset by everyday people? Just my thoughts ;D


Title: Re: Is Bitcoin a safe haven???
Post by: Majestic-milf on May 24, 2022, 12:35:13 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
To say Bitcoin is a safe haven may seem a bit of a stretch as there is volatility in price and then, it will also mean that BTC is more precious than say gold or diamond. Investors and traders will not be quick to call it a safe haven as there are times the market is not stable and if you are not patient when such things happen, you could sell off your BTC.
 In as much as there are people who cash out from it, I think it will be safe to call it an investment.


Title: Re: Is Bitcoin a safe haven???
Post by: BOAEDAN on May 24, 2022, 02:11:17 PM
If you ask whether bitcoin is a safe place, in my personal opinion bitcoin is one of the safest cryptocurrencies, although lately the bitcoin price has been declining but crypto currency has become the choice of investors in almost all countries, even now bitcoin has become the ruler the big market for crypto currency, even bitcoin is now getting more and more famous and has been loved by almost all circles.


Title: Re: Is Bitcoin a safe haven???
Post by: sklopan on May 24, 2022, 03:10:41 PM
And what are the critical questions can be to bitcoin? As for me, in terms of investment, bitcoin is a completely safe option.


Title: Re: Is Bitcoin a safe haven???
Post by: Nitt371 on June 07, 2022, 08:07:11 AM
I’m not sure there can or will ever exist a safe haven. Especially if we’re talking about currencies. You can even call the dollar or euro pretty stable, but considering how any crypto, especially bitcoin, is a rollercoaster and quite often follows the stocks, bitcoin is definitely not a safe haven.


Title: Re: Is Bitcoin a safe haven???
Post by: Pmalek on June 07, 2022, 08:17:33 AM
You can even call the dollar or euro pretty stable...
Stable in relation to what? People often say 1 BTC = 1 BTC. If we go by that logic and say $1 = $1, we have to discuss the purchasing power of that unit or asset. Think about what you could have bought with 1 BTC 10 years ago and what you can buy today. Now consider the value of the USD 10 years ago and what it is today. Go back even more like 40 or 50 years into the past to see what the money printer has done. 


Title: Re: Is Bitcoin a safe haven???
Post by: Oshosondy on June 07, 2022, 09:00:35 AM
Bitcoin would prolly be the best to do such with, but please never consider that option, lol, that would be investing more than you can afford to lose.
This is bitcoin and not altcoins, not also trading. Altcoins investment  can be seen as gambling, trading too can be seen as gambling, someone can invest in altcoin or trading and lose more and more because they are both risky. Altcoins are risky because there are many shitcoins, but there are good ones like ethereum and binance coin. For bitcoin, it is a safe haven, invest for long to realize this and see how price volatility is just a deceit.


Title: Re: Is Bitcoin a safe haven???
Post by: Crptomagma on June 07, 2022, 10:50:40 AM
It is not a 'safe haven'. Btc is a risk and any asset that is volatile  is not a safe heaven. Though holding it for a long period of time will give u what u want to an extent but it is not guaranteed. It is always advicable to trade btc with caution, invest sensibly because you might gain this minute next minute you are crying...... It really needs patience in trading and investing in btc....


Title: Re: Is Bitcoin a safe haven???
Post by: GeorgeJohn on June 07, 2022, 06:37:15 PM
It is not a 'safe haven'. Btc is a risk and any asset that is volatile  is not a safe heaven. Though holding it for a long period of time will give u what u want to an extent but it is not guaranteed. It is always advicable to trade btc with caution, invest sensibly because you might gain this minute next minute you are crying...... It really needs patience in trading and investing in btc....
in what aspect do you devalues it, or you categorize that bitcoin is not safe. It's very obvious if you are emphasising on business risk, no business that does have a risk measure, so therefore bitcoin is safe to invest on, it can only be unsafe from my perspective when it's hold for long time  with good wallet, like ELETRUM and coinomi and trust wallet. So in summary bitcoin investment is very safe if you understand the rudiments.


Title: Re: Is Bitcoin a safe haven???
Post by: blockman on June 07, 2022, 09:30:37 PM
I’m not sure there can or will ever exist a safe haven. Especially if we’re talking about currencies. You can even call the dollar or euro pretty stable, but considering how any crypto, especially bitcoin, is a rollercoaster and quite often follows the stocks, bitcoin is definitely not a safe haven.
Sure it has a rollercoaster ride but upon all crypto investments, we can really say that bitcoin is a safe haven. It's far from rug pulling unlike those projects that have done it already and it is for sure that there will be other projects that have been just waiting for the timing to do it.
Yeah, fiat or cash is stable but its value is dropping due to the inflation and that's why bitcoin is a much better retainer of value it's an appreciative asset regardless of what we're seeing right now and it's just part of its growth.


Title: Re: Is Bitcoin a safe haven???
Post by: Awaklara on June 07, 2022, 10:12:12 PM
Since the beginning of Bitcoin, the price given has always increased every year, even though in the course of the year the coin has experienced extraordinary price fluctuations and has become commonplace when we have followed Cryptocurrencies for a very long time, especially Bitcoin commodities have a very large scale. which is very large, that's why investing in Bitcoin can be said to be safe even though it experiences a deep price decline but the price of Bitcoin will always rise higher.


Title: Re: Is Bitcoin a safe haven???
Post by: Minecache on June 08, 2022, 04:36:56 AM
Bitcoin proves to be the safest place, proof there is a big whale wallet hacked?
bitcoin is safe and there is no doubt, if there is a stolen wallet it is purely from the fault of the key holder's wallet it can be known by others, as long as the key is not known by others even though the wallet holder has died then the treasures in the wallet cannot be found. taken by someone else.

Bitcoin is only considered the safest in crypto, not the safest asset in the world, even gold is by no means 100% safe. But bitcoin is a good investment, looking at bitcoin price, no other asset class can be as profitable as bitcoin. It only took 12 years for bitcoin to go from $1 to tens of thousands of dollars, and it didn't stop there.


Although it can be highly profitable but diversify your portfolio and not just focus on crypto, we will be able to minimize the risk.


Title: Re: Is Bitcoin a safe haven???
Post by: rodel caling on June 08, 2022, 05:31:11 AM
Yes it is even though that begin doesnt have a fix value but it is a part of our life now. we never know before that this bitcoin will be very popular. but look bitcoin now it has a big value. bitcoin started from unknown and a small value but then now look how big the value of bitcoin. I know for the future it will goes up up and up...so we dont need to worry about because in the future we will gain more profit from bitcoin. it is clear from a small value to a big value. so for me it is safe to haven.


Title: Re: Is Bitcoin a safe haven???
Post by: skarais on June 08, 2022, 05:57:20 AM
Bitcoin is only considered the safest in crypto, not the safest asset in the world, even gold is by no means 100% safe. But bitcoin is a good investment, looking at bitcoin price, no other asset class can be as profitable as bitcoin. It only took 12 years for bitcoin to go from $1 to tens of thousands of dollars, and it didn't stop there.
Bitcoin is a safe asset for investment compared to altcoins but certainly never safe from its price volatility. What I mean by safe is the security standard that bitcoin has where we really know that no hacker has been able to hack bitcoin till now but hackers can only explore the weaknesses of bitcoin users who fail to implement wallet security.

Price volatility makes investors and traders both profitable, but we should also not overlook how much loss can be caused by investor greed or the failure of investors to understand a volatile market. It all depends on the strategy, but bitcoin remains a safe asset to some extent.


Title: Re: Is Bitcoin a safe haven???
Post by: Jody.Drummer on June 08, 2022, 06:47:01 AM
Yes it is even though that begin doesnt have a fix value but it is a part of our life now. we never know before that this bitcoin will be very popular. but look bitcoin now it has a big value. bitcoin started from unknown and a small value but then now look how big the value of bitcoin. I know for the future it will goes up up and up...so we dont need to worry about because in the future we will gain more profit from bitcoin. it is clear from a small value to a big value. so for me it is safe to haven.
In this case they are actually not something to worry about because as you said, as long as you believe and keep waiting for sure something better will continue to come in Bitcoin but that doesn't mean this is something that is also safe in terms of price volatility because they really believe it is we must but we also have to be careful because with such a large price volatility it is clear that research and planning must always be there.


Title: Re: Is Bitcoin a safe haven???
Post by: ForMeritt on June 08, 2022, 08:17:45 AM
Of course, a lot of people keep their assets here because they really believe in Bitcoin, if we talk about security it is very safe, but if about this price it is not recommended because the price of Bitcoin is unstable, and it is more suitable to invest in Bitcoin.

If in the real world we only place assets in Gold and we all know that gold is a very good place for security issues, and if in the digital wallet world Bitcoin is the main choice.


Title: Re: Is Bitcoin a safe haven???
Post by: Freeveto on June 08, 2022, 10:26:53 AM
Bitcoin is indeed a safe heaven in my opinion when you take account the performance of Bitcoin and other asset in the last couples of years and differciate them, BTC have had an astonishing performance when compared with other asset like Gold, Stocks, bonds. Until people begin to realize the value of BTC and its problem solving and stop pricing it with the dollar,  that's when I think they're going to fully realize that BTC is a safe heaven.


Title: Re: Is Bitcoin a safe haven???
Post by: taufik123 on June 08, 2022, 02:32:08 PM
In this case they are actually not something to worry about because as you said, as long as you believe and keep waiting for sure something better will continue to come in Bitcoin but that doesn't mean this is something that is also safe in terms of price volatility because they really believe it is we must but we also have to be careful because with such a large price volatility it is clear that research and planning must always be there.
Volatility will be a big risk if you are not ready with crypto. Although some people believe in bitcoin and believe that bitcoin is able to become the best and reach new ATH, risks such as high volatility of price fluctuations do need to be watched out for, because if you don't think about some of these risks. Price fluctuations will play with psychology so it will be dangerous for those who are not prepared. Research and some management or planning are necessary for the investment to go well.


Title: Re: Is Bitcoin a safe haven???
Post by: Lanatsa on June 08, 2022, 09:56:46 PM
In this case they are actually not something to worry about because as you said, as long as you believe and keep waiting for sure something better will continue to come in Bitcoin but that doesn't mean this is something that is also safe in terms of price volatility because they really believe it is we must but we also have to be careful because with such a large price volatility it is clear that research and planning must always be there.
Volatility will be a big risk if you are not ready with crypto. Although some people believe in bitcoin and believe that bitcoin is able to become the best and reach new ATH, risks such as high volatility of price fluctuations do need to be watched out for, because if you don't think about some of these risks. Price fluctuations will play with psychology so it will be dangerous for those who are not prepared. Research and some management or planning are necessary for the investment to go well.
Bitcoin was never been a safe haven and we know all of that but there are noobs who do really been minding about having no risk or surely guarantee which is really a  wrong mindset to have.Bitcoin do really have that

high potential on increasing its price or value in the future but dont go all in and invest only on the amount which you can afford to lose and dont make it as your main source of income.
Safe haven doesnt exist even on traditional investments that we do have today even on those casual ones and on every investment there would be always a certain risk.


Title: Re: Is Bitcoin a safe haven???
Post by: kawetsriyanto on June 08, 2022, 11:01:28 PM
Bitcoin is indeed a safe heaven in my opinion when you take account the performance of Bitcoin and other asset in the last couples of years and differciate them, BTC have had an astonishing performance when compared with other asset like Gold, Stocks, bonds. Until people begin to realize the value of BTC and its problem solving and stop pricing it with the dollar,  that's when I think they're going to fully realize that BTC is a safe heaven.
But not all people know well how to invest in Bitcoin properly, dude. Although it has an astonishing performance compared to other assets, it also has a bigger risk as well. People who don't understand the nature of Bitcoin price and its price history, may buy Bitcoin at the wrong time. Then, they do panicking sell when they hear some FUDs and realize the value of Bitcoin decreasing significantly. So, this can't be categorized as a safe haven asset for all people. Bitcoin is a proper asset for people who have a great mentality and know well what Bitcoin is!!

Volatility will be a big risk if you are not ready with crypto.
That's why before having a Bitcoin investment, we must have sufficient knowledge about crypto and its nature.
Most crypto coins have high volatility, including Bitcoin. So, be careful to choose the time for buying!!


Title: Re: Is Bitcoin a safe haven???
Post by: Cookdata on June 09, 2022, 12:14:45 AM
I’m not sure there can or will ever exist a safe haven. Especially if we’re talking about currencies. You can even call the dollar or euro pretty stable, but considering how any crypto, especially bitcoin, is a rollercoaster and quite often follows the stocks, bitcoin is definitely not a safe haven.

I think is safe haven is more subjective, the guy who has gold for the past decades in a very cheap state would choose gold over other currencies and store of value, those who were able to buy bitcoin when it was below $10 would be more than happy to called it the fathers of safe haven. I have friends from my location who have been doing Bureau D change for several years who happen to buy dollars when the country was not depending on it for importation but things have changed, the government has been strict about making dollars available for citizens to discourage people from importation and people still need it and the value today has increased more than 3X, they are doing well in that aspect as a safe heaven.

Buy bitcoin, you will enjoy it tomorrow if hold it for long term.


Title: Re: Is Bitcoin a safe haven???
Post by: Botnake on June 09, 2022, 06:28:33 PM
Volatility will be a big risk if you are not ready with crypto.
That's why before having a Bitcoin investment, we must have sufficient knowledge about crypto and its nature.
Most crypto coins have high volatility, including Bitcoin. So, be careful to choose the time for buying!!
I definitely agree, investing is indeed easy when you have the right budget and capital for it. But the real question is that certain investment would keep up for years? If you have trouble answering that question then that said investment is literally risky because you don't have any knowledge about it neither the basics of it. That is exactly why we need to have our own research about these coins and what to buy or when to buy because all of them might be profitable but only few will survive throughout the time while also generating.


Title: Re: Is Bitcoin a safe haven???
Post by: Ayers on August 19, 2022, 03:52:23 AM
bitcoin is an investment that generates good returns, but whether it is a safe haven or not depends on how investors use it
as in this year's inflation, we can see bitcoin has failed to present itself as an effective hedge against inflation as bitcoin itself is also affected by economic crises

in the long run, bitcoin can be considered a safe haven, if you use bitcoin to store assets for the long term and likely won't need them for the next 10 years
fiat will continue to depreciate over time and bitcoin will appreciate over time so bitcoin can also be seen as a long-term safe haven


Title: Re: Is Bitcoin a safe haven???
Post by: JohnBitCo on August 19, 2022, 04:00:14 AM
Bitcoin is indeed a safe heaven in my opinion when you take account the performance of Bitcoin and other asset in the last couples of years and differciate them, BTC have had an astonishing performance when compared with other asset like Gold, Stocks, bonds. Until people begin to realize the value of BTC and its problem solving and stop pricing it with the dollar,  that's when I think they're going to fully realize that BTC is a safe heaven.

There is mixed opinion about it. Some people who are long term investors agree that bitcoin is a save heaven but there are many others who think bitcoin is too much volatile to be classified as a save heaven.


Title: Re: Is Bitcoin a safe haven???
Post by: Jo_Liu on August 19, 2022, 09:38:47 AM
I REALLY DON'T THINK THAT WAY. It is not a safe heaven. Bitcoin is more volatilehttps://xtrading.com/financial-questions/why-are-bitcoin-other-cryptos-so-volatile/ (http://volatilehttps://xtrading.com/financial-questions/why-are-bitcoin-other-cryptos-so-volatile/), less liquid, and costlier to transact  than other assets (including gold - the traditional safe haven) even in normal market conditions. Until the market matures, it is therefore unlikely to be worthwhile considering Bitcoin as a safe haven.


Title: Re: Is Bitcoin a safe haven???
Post by: MinoRaiola on August 19, 2022, 09:58:12 AM
Nothing is 100% safe. Many have already written this here and I am the same opinion. Nothing in our existence as human beings is 100% safe. It doesn't matter whether it's money, health, time or other deals. There is only one thing that is 100% safe and that is that each of us will no longer be here in 100 years because we will be dead. And I'm not sure if bitcoin will be around for 1.000 years, nobody knows. Nobody sees the future and that's why it's not a safe haven. Now we can enjoy what we have in our time and make the best of it.


Title: Re: Is Bitcoin a safe haven???
Post by: Abiky on August 22, 2022, 01:43:25 AM
bitcoin is an investment that generates good returns, but whether it is a safe haven or not depends on how investors use it
as in this year's inflation, we can see bitcoin has failed to present itself as an effective hedge against inflation as bitcoin itself is also affected by economic crises

in the long run, bitcoin can be considered a safe haven, if you use bitcoin to store assets for the long term and likely won't need them for the next 10 years
fiat will continue to depreciate over time and bitcoin will appreciate over time so bitcoin can also be seen as a long-term safe haven

This has always been about the long-term. It was never been about making a quick buck. Unfortunately, people are too greedy to realize that there's more to Bitcoin than just the price. As long as the "get rich quick" sentiment persists, we won't be going anywhere soon. I'd say Bitcoin is a safe haven that's often better than Gold. That is if you're willing to "hodl" your BTC for years on end. Patience is key towards obtaining great results with your investment.

No matter how low Bitcoin goes, it will always bounce back in price because of its core fundamentals (decentralization, censorship-resistance, limited supply) unlike any other cryptocurrency on Earth. Just wait until the next halving, and you'll be "begging" for Bitcoin to go back to sub $25k prices again. Just my thoughts ;D


Title: Re: Is Bitcoin a safe haven???
Post by: MarjorieZimmermanGinger on August 22, 2022, 05:41:29 AM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another.
Bitcoin is a safe investment, but I see your focus on risk.
now try to find one reason that might provide a sense of security for us to start investing.
Whether it's business, technology and buying some stocks, then state which category is suitable for us to enter.

This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Financial independence is our way to change our mindset and our readiness to accept new challenges in investing involving bitcoin.
So far, there are even some people who leave real jobs, in favor of focusing on investing in bitcoin, thus placing them on the list of the rich through crypto in general and bitcoin in particular.
Then what doubts do you have now, if not understanding bitcoin you don't fully understand. Even in the long term you will find the maximum profit from investing in bitcoin


Title: Re: Is Bitcoin a safe haven???
Post by: Sterbens on August 22, 2022, 06:42:02 AM
It depends on how we define a safe place. Bitcoin for some people definitely consider it safe when compared to other investment places, of course with all the risks. Because there is no place that is completely safe from all losses. I think bitcoin is a safer and easier place for me to control it. It became an attraction in itself so I believe bitcoin is a comfortable place for me.


Title: Re: Is Bitcoin a safe haven???
Post by: BobK71 on August 22, 2022, 01:52:34 PM
if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
Definitely,If any one want to have a safe haven, he must use this bear market. Now it is difficult to say how long this situation will stay, but according to the rules or nature, the position of the bull market is after the bear market. If buying Bitcoin at $21K can sell it at $60K or $80K in the long term then it can be a safe haven for him.


Title: Re: Is Bitcoin a safe haven???
Post by: NicNacCoin on August 22, 2022, 02:02:25 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Before we only knew gold was our refuge.But the current bitcoin can be called our safe haven.The most expensive currency in the cryptocurrency world is Bitcoin and Bitcoin is invested in almost all countries.So the current bitcoin can be called a safe haven.

Yes it is true that we all knew that gold is our safe haven.But even more of a safe haven than gold seems to be Bitcoin in the cryptocurrency world.People invest here the most and it is the safe haven that makes it so popular and the most investable.If Bitcoin wasn't a safe haven, people would never invest in it.


Title: Re: Is Bitcoin a safe haven???
Post by: cloudfir3e on August 22, 2022, 03:06:38 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.
not only bitcoin but all Cryptocurency assets have a high risk and cannot really be said to be safe because cryptocurrency trading market conditions are quite volatile.
although the profit that can be obtained is high too.
this is related to the distinction between Bitcoin circulation made possible by blockchain technology and Bitcoin ownership accounts that still use a centralized database.


Title: Re: Is Bitcoin a safe haven???
Post by: m2017 on August 22, 2022, 05:57:46 PM
Nothing is 100% safe. Many have already written this here and I am the same opinion. Nothing in our existence as human beings is 100% safe. It doesn't matter whether it's money, health, time or other deals. There is only one thing that is 100% safe and that is that each of us will no longer be here in 100 years because we will be dead. And I'm not sure if bitcoin will be around for 1.000 years, nobody knows. Nobody sees the future and that's why it's not a safe haven. Now we can enjoy what we have in our time and make the best of it.
Looking through the posts in this thread, many talk about gold as a safe haven. Or they say exactly the same about bitcoin. I read all this and I have an idea why people can be so confident and say for sure, as if they are voicing unbreakable truths. Gold, btc, stock market shares and the like are just instruments that tend to lose their qualities over time. That is, I want to say that any asset from the above can cease to be a safe haven, as they are called. The world is constantly changing and the capabilities / values ​​of these assets can also change. Therefore, it is very naive to talk about safe haven. Nothing is 100% safe, as MinoRaiola says above. His post seemed to me the closest in meaning to my idea of a safe haven and discussion of it.


Title: Re: Is Bitcoin a safe haven???
Post by: MinoRaiola on August 22, 2022, 07:06:37 PM
Nothing is 100% safe, as MinoRaiola says above. His post seemed to me the closest in meaning to my idea of a safe haven and discussion of it.
Thank you for this message. There is one thing that is 100% safe, that we will end in heaven.. or who knows, maybe we will simply no longer exist. We think a lot about unimportant things in life and we invest a lot of time. To live in a country without war, poverty and good health = maybe that is for sure safe heaven for the time we be alive.


Title: Re: Is Bitcoin a safe haven???
Post by: TheNineClub on August 22, 2022, 08:26:09 PM
I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Oh it's not just an exaggeration, it's flat out lie. Nothing is 100% safe, and calling something so volatile as BTC safe is just wishfull thinking. Can it become safe and reliable (stable)? Yes, but that takes time, and effort from us the users.


Title: Re: Is Bitcoin a safe haven???
Post by: rby on August 22, 2022, 08:29:11 PM
All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.
Every investment has risk in it. I don't even know why the word safe haven was invented. Nothing is 100% safe. What we can say about bitcoin is that the network is highly secured. The majority of the losses in bitcoin is from the user end and not from the network end. The major network crisis are just during the hard forks and the fork doesn't happen often. Bitcoiners do upgrades via soft fork and it makes the network stable.


Title: Re: Is Bitcoin a safe haven???
Post by: Lanatsa on August 22, 2022, 08:59:33 PM
All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.
Every investment has risk in it. I don't even know why the word safe haven was invented. Nothing is 100% safe. What we can say about bitcoin is that the network is highly secured. The majority of the losses in bitcoin is from the user end and not from the network end. The major network crisis are just during the hard forks and the fork doesn't happen often. Bitcoiners do upgrades via soft fork and it makes the network stable.
This is where people should be minding off that even Bitcoin is popular and mainly been supported by the entire community but it doesnt mean that it do able to get that 0% risk free thing because it cant really be

that possible nor giving out that kind of assurance this is why you should really still have that risk management thing even if you are investing with bitcoin.Never go all in and always set borders or limits which it wont

really be able to affect you once this market would really be making some crash or huge decline.This is why its smart that you wont really be anticipating for assurance so that you wouldnt really be ending up
on getting shocked or frustrated once this market do make out those kind of movements.