Bitcoin ‘Failed Safe Haven Test ' agreed on by a BTC Bear & BTC Bull

[davis196]

All of the mindless hodlers should pay attention,
both sides of the isle , pro & con bitcoin say bitcoin is not a safe haven.  Tongue

So you are quoting some stupid bitcoin hater like Peter Schiff and his opinion immediately becomes "the unquestionable truth",while all the bitcoin hodlers are mindless.
Bitcoin is not a safe heaven,because it's not in the low risk financial asset like gold and bonds.This is true,but BTC has potential to become a safe heaven in the future and that's what "experts" like Peter Schiff are missing.

[Ucy]

https://cointelegraph.com/news/bitcoin-failed-safe-haven-test-after-7-drop-peter-schiff-gloats

“Bitcoin has again failed the safe haven test.
On Friday, as escalating trade tensions sent global stock markets plunging, investors sought refuge in monetary safe havens.
The Japanese yen, Swiss franc, and especially gold all moved higher.
Yet Bitcoin plunged by more than stocks!” he wrote.

Parabolic Trav rebutted Schiff on Bitcoin’s intrinsic value.

“Why on earth would Bitcoin be a safe haven?
Bonds are the safe haven in the current paradigm.

All of the mindless hodlers should pay attention,
both sides of the isle , pro & con bitcoin say bitcoin is not a safe haven.  

Kind of the exact opposite of the majority of the posts in these forums.

So as reality is smacking all bitcoin holders with a price drop,
be aware there is no real floor to it's price.

Good Luck in your Trading.

Well, it could become a "safe haven" again in the future when the market becomes more matured.
Part of the reasons Bitcoin was created was to be a safe haven. So, losing that now should be of concern to all. Bitcoin was invented during a global financial crisis. The creator probably wanted something to diversify into, to protect his finances from human control and error. Unfortunately, this has also creeped into the Blockchain world.

[Betwrong]

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Well, it could become a "safe haven" again in the future when the market becomes more matured.
Part of the reasons Bitcoin was created was to be a safe haven. So, losing that now should be of concern to all. Bitcoin was invented during a global financial crisis. The creator probably wanted something to diversify into, to protect his finances from human control and error. Unfortunately, this has also creeped into the Blockchain world.

Bitcoin's blockchain is secure, and the beauty of it is that nothing can "creep into" it, actually. Whether Bitcoin is a safe haven is another question, probably nothing in this world is, but the fact that the data embedded into Bitcoin's blockchain cannot be altered retroactively is indisputable. Well, nothing is impossible, but I would say, there are more chances of buying Apple Inc. for $5, than that of altering the data, even if you are going to spend $5 billion for that purpose.

It's worth noting that not every blockchain is secure, but Bitcoin's one is, because it's decentralized and it has enormous (over 90 exahashes per second, currently) hash rate.