CNBC: "Bitcoin is the new safe-haven asset"

[deisik]

Right. Well, you still haven't substantiated your claim that the $1200 spike was artificial. You can't understand basic statisics written as English sentences either. And you haven't managed to use semantic sleight of hand to attack my maths either, so I don't know where to go with you. Suffice to say: "nowhere" is the only realistic option

At least now you know that there is such thing as percentage points, and it is not the same thing as just percentages

[Carlton Banks]

I demonstrated that in the first place by using the expression "nominal difference", it was you that didn't understand what was going on, lol

[deisik]

I demonstrated that in the first place by using the expression "nominal difference", it was you that didn't understand what was going on, lol

If you really knew that, you wouldn't call two values with a 40% difference "very similar". Further, nominal difference usually means very small, negligible difference, that is, existing in name only. Surely not what you pretend it to mean now. But don't say that English is not your mother tongue, lol...

And you didn't mean what the phrase actually means

[Carlton Banks]

Ah, I see. Troll someone else

[deisik]

Ah, I see. Troll someone else

This is the essence of your whole "prove that $1,200 price spike was artificial" thing. No one is going to prove anything to you, since this is not what you actually want. All you want is to show your fake superiority...

But it seems that in this case you failed miserably

[Carlton Banks]

You don't want to prove a statement of fact? That you said? I see. Move along, nothing to see here

[Stedsm]

Good post OP.
But, what is the possibility of Bitcoins to see a high price rise due to this?
There have been many come-and-go, many popped up and said such things, but nothing changed.
But I agree, that the statement is correct.

[outatime1]

That good to get positive publicity. The price may be a little volatile right now but it's staying strongly above $500 during this stretch so I see that as a positive also.

[mirakal]

Ah, I see. Troll someone else

This is the essence of your whole "prove that $1,200 price spike was artificial" thing. No one is going to prove anything to you, since this is not what you actually want. All you want is to show your fake superiority...

But it seems that in this case you failed miserably

We cannot force people to believe that the price of bitcoin will reach that much, it is our personal decision to invest and risk our money, but as a believer our main responsibility is to help the community become popular and we can only do that if we spread the good news.

[botany]

Ah, I see. Troll someone else

This is the essence of your whole "prove that $1,200 price spike was artificial" thing. No one is going to prove anything to you, since this is not what you actually want. All you want is to show your fake superiority...

But it seems that in this case you failed miserably

We cannot force people to believe that the price of bitcoin will reach that much, it is our personal decision to invest and risk our money, but as a believer our main responsibility is to help the community become popular and we can only do that if we spread the good news.

Trying to talk up the value of Bitcoin is one thing, actually investing money is another.
The amount of profit that you make is restricted by the amount of money you are actually willing to invest in Bitcoin.

[groll]

I would like to agree to this CNBC news that bitcoin is the new safe-haven asset.  Maybe because it is safe to send it and receive it plus hassle free transactions.  You just need to know the btc address and then you can pay him or you can buy through btc.  You do not need to handover the money physically or to go to atm.  Or you need not to log in to your savings account online that most of the times can be hacked.  So maybe that is the reason why they said it is the new safe haven asset.  No one can snatch or grab or steal your money.

[vinci]

"safe haven" but look at the bitfinex fiasco right now. yes I believe in bitcoin but in its current state some people might find this hard to believe

[Noojna]

Let's relaunch this debate, now that Bitcoin has risen to new unexpected highs then fallen; i'm interested in what people will say now.

Yes, I think Bitcoin is a good safe-haven, but not for short term: meaning if you think you will need your money soon, then Bitcoin is not the ideal investment.

[yepaiyique2]

If the price of bitcoin is stable, it could become a safe-haven asset like gold.

Like gold, cryptocurrencies are not controlled by any central bank or state.

If there is an economic crisis, BTC can effectively reduce people's losses!

[cryptocurrencyguru]

it is bitcoin is safe heaven asset but at the same time we should understand Satoshi started bitcoin to give back power to people

[Visteryy]

Ah, I see. Troll someone else

This is the essence of your whole "prove that $1,200 price spike was artificial" thing. No one is going to prove anything to you, since this is not what you actually want. All you want is to show your fake superiority...

But it seems that in this case you failed miserably

We cannot force people to believe that the price of bitcoin will reach that much, it is our personal decision to invest and risk our money, but as a believer our main responsibility is to help the community become popular and we can only do that if we spread the good news.

It's correct. Exactly. They can not force people to believe that the bitcoin price will reach that level, the individual's decision depends on their pocket money and our primary responsibility is to help the community become popular and we can only do the thing. If we spread the good news to the community.
The market is stronger today.

[deus030518]

I would agree to it as a new safe-have asset because bitcoin is more compared into gold where the prices per ounce right now is USD $1,229.30(price at the time of writing) at the same time bitcoin right now is USD $8,321.36 at coinmarketcap right now. Compared to gold bitcoin is much more accessible as you would only need internet to get is as opposed to gold where you can only get in into banks.

[ASHLIUSZ]

Media has got the potential to turn anything positive as well the same on the negative manner. Such a news rolling out of an international media makes it a truth to the people who were in dilemma to make an investment into bitcoin. Users who have been into it as well benefited through it already know this fact.

[redsun114]

Lol…. I wouldn’t do such a thing. I’d rather make use of gold and silver in storing my money than making use of Bitcoin that will be fluctuating up and done every time. Who the heck even said that? That analyst doesn’t know what he’s saying lol… unless he’s saying this based on long term saving cause the price of Bitcoin is up and down most of the times. Bitcoin is better for short-term based on my own understanding and how I like it, I don’t know for others.

[Kenneth_Bianchi]

I've been hearing this more and more from mainstream media sources... maybe they're trying to turn people away from gold/franc/yen? Gold especially has always been a thorn in the back of central banks because it doesn't allow them as much freedom to manipulate their currency and devalue it. People from Eastern countries know very well that gold is the most secure way to protect themselves from a rainy day, and it is a large part of their tradition to buy up gold and resell it several years later to buy something big like a car or a house.

This is why bitcoin is being ascribed similar features. People are turning to it to protect themselves from global risks, like trade wars. If China and the US go into a full out trade war, you'll see a lot of damage on the stock markets and the currencies. Investors will want to protect themselves, naturally.