So is Bitcoin a SAFE Asset?

[Sir Alpha_goy]

gold is not safe either i remember the ath of gold was 2k per once, and then taked to 1k, you call this safe? ok it didn't happen over night but it happened

bitoin is not safe because it is not big enough, give it enough time to build a good capitalization and you will have a safer asset

Ask Bitcoin about all the computer hardware used to enable the Bitcoin ecosystem.

I think if Bitcoin were a person it would say gold is safe.

 

[Bitcoinstalker.com]

Bitcoin is safe in the way that your account can't be frozen by the goverments or someone else.
The price still varies but will ripple out in the future , Yet it depents where you live and/or the local currenties in use if it usefull to use bitcoins as safe asset.

I consider it as safe as gold, and people usually buy gold as a safe asset. You can keep both assets out of the bank, and although Bitcoin's price fluctuates so does gold's price. Any definition of "safe asset" must be applicable to gold, and if it's applicable to gold it's applicable to Bitcoin.

By your definition, Etherium is a "safe asset" too
Sure, all prices fluctuate, the question is how quickly and by how much. Bitcoin's price went up from $120 to $1200 in a couple of month, and dropped back down to $150 in a year. That's some serious fluctuatin'. The very definition of a high-risk asset.

[Sniper44]

I read this article the other day: https://www.cryptocoinsnews.com/bitcoin-safe-asset/

Read it and come back here, let's discuss this question together.

Do u think Bitcoin is a safe asset?

The article defines it this way:

A safe asset is one people go to during uncertain economic times. In normal times, a safe asset is one that people hold despite a low return rate, possibly due to its use as a hedge, or liquidity characteristics.

How do u perceive the Bitcoin?

~CfA~

first of all i have to say stop reading cryptocoinsnews website because they are certified bullshit news site that post anything to get the smallest of attentions.

and as for the safe asset i have to say that bitcoin is not the safest thing in the world but i like it so far and as far as investment goes you can make good profit from it if you invest wisely and in the right moment.

[Iceborn]

There is one thing i can tlell you and that is that the bitcoin is far from safe as you know there are allot of people who are scammed while they
used the bitcoin so he is not ver safe yet.

[Hazir]

Bitcoin is hard to evaluate and give a clear verdict whether it is 'safe' or extremely shaky. Most people here are referring to hardcore bitcoin fluctuation of price as - 'unsafe'.
And that is true. We have market which is whimsical and uncertain. But we haven't seen behavior of bitcoin price in times of serious global economic crisis yet.
We need to remember that Bitcoin was born after Great crisis of 2007-2008 - maybe as answer to prevent such situation in the future.

[LiberOptions]

IMO, besides gold, Bitcoin is the safest asset you can hold. It is an asset that only the owner can control without having to rely on a third party to store it.

[asriloni]

Yes it's safe, as in your BTC will be the same amount of BTC and it will not get stolen from you unless you are incompetent in managing your own money.
But of course as far as price goes, it fluctuates a lot but that is expected because the marketcap is still tiny.

yeah your btc will be the same amount because it's not going anywhere but the equivalent amount to fiat would be slightly or heavily different,but the thing is people using bitcoin because it have value to fiat,and even your bitcoin amount still remain the same but the price just falling a lot it would be a problem

[iv4n]

Bitcoin is safe asset, and if we talk here about future many people agree that bitcoin have a nice future and big potential. In that case btc is very safe, maybe advantage of btc is that this is still beginning. Things can get much more serious, and people who bought coins will have good profit. We can see now how many people are earning money from daily trading, with btc and other crypto currencies. In my opinion bitcoin community will grow much more and with this price will go up.
One more advantage of btc is that you can buy some, and work for some, and in the end you can profit a lot. There is no minimum requirements, so people doesn't have to be rich to invest.

[crairezx20]

It's for me the saffest asset. The only one which is backed by no one in the world, no bank or government, but only by the people.

Bitcoin or me still not safe yeah amp also that gold is not safe almost everything are not safe.. but if you save your money into bank this is i think the safeist to save our money instead of investing it in bitcoin.. we dont know what will happen for bitcoin in the future..

[jukka]

gold has been used as a currency thousands of years and btc is just couple of years old. you cannot really compare these when considering which is safe and which is not!

[Kprawn]

Well, you can chose whatever option you like... Silver and gold and many other commodities that were perceived as a safe heaven or a safe asset as you put it, are not that safe. Most of these are

traded in an environment where your share is stored on a centralized service and it's proven that it is being manipulated. Take gold for instance... How much proof does the general public have that

the gold that they buy, actually exist somewhere? The last gold audit have not been done for years. See this : http://nsnbc.me/2013/04/18/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults-2/

So yes... what "asset" is safe these days?

[shinratensei_]

gold is not safe either i remember the ath of gold was 2k per once, and then taked to 1k, you call this safe? ok it didn't happen over night but it happened

bitoin is not safe because it is not big enough, give it enough time to build a good capitalization and you will have a safer asset

You no need to consider about gold from their price but good assets is everything can defend from time and various conditions, like fiat money I sure if we at World war 2 fiat currency is become a trash is easy to destroy it. best assets are something can defend for any condition or time.

[Nahl]

the terrible things for bitcoin are people could losing all their bitcoin with small possibility to get it back also holding bitcoin for long term doesn't guarantee will automatically get profit because bitcoin prices really unpredictable and from those things i have to say that bitcoin is not safe asset

[akogwapo14]

I read this article the other day: https://www.cryptocoinsnews.com/bitcoin-safe-asset/

Read it and come back here, let's discuss this question together.

Do u think Bitcoin is a safe asset?

The article defines it this way:

A safe asset is one people go to during uncertain economic times. In normal times, a safe asset is one that people hold despite a low return rate, possibly due to its use as a hedge, or liquidity characteristics.

How do u perceive the Bitcoin?

~CfA~

Bitcoin is not safe aset, but if  you know how to play in bitcoin volatility it's good for you you will get profit in it.it depends on the people how to be safe with your own bitcoin take risk and careful.

[Supercrypt]

But for me bitcoin is a safe asset, as I have joined bitcoin and added all my money into there a month ago and I did not felt any risk at there, I yes at some time the price dropped but before that I earned a lot of profit from there, I think before the fall of the price I earned about 100% profit and when the price dropped I lost about only 15% , so how will we say that bitcoin is not a safe asset?

Bitcoins aren't recognized by banks which makes it an issue and if a user's bank asks us for a proof or the source of these transactions, it will be difficult for us to show any proof. That's why it's not exactly safe to hold bitcoins due to the legal problems that can arise. With regards to the price, I do agree that we have earned more profit rather than losses but we can't say about those who bough coins above $900.

[ausbit]

Bitcoin is never a safe asset. Only those with stable value can be considered a safe asset since their value would most probably not change dramatically since they are 'stable'. Bitcoin's value, however, is highly volatile. It changes from time to time and would only be stable for a really short term.

[wintermeasures]

I read this article the other day: https://www.cryptocoinsnews.com/bitcoin-safe-asset/

Read it and come back here, let's discuss this question together.

Do u think Bitcoin is a safe asset?

The article defines it this way:

A safe asset is one people go to during uncertain economic times. In normal times, a safe asset is one that people hold despite a low return rate, possibly due to its use as a hedge, or liquidity characteristics.

How do u perceive the Bitcoin?

~CfA~

What do you mean safe here? safe from thief or safe from price?
I think if bitcoin safe from thief because if you are not using any computer or visit the websites contained malware may bitcoin you will not be stolen. But for price i dont think so, many players  in bitcoin moreover some exchange that often plays a bitcoin prices. Thank you

[funbarrel]

for me bitcoin is a really safe asset in my opinion because its worth is going to grow a lot in the future

[European Central Bank]

nah. the only people who believe that are those who are so deep into bitcoin they no longer have any objectivity.

the rest of the world either doesn't know, doesn't care and maybe a small minority is watching with some interest. if people were running to bitcoin like gold then we'd have absolutely crazy price rises. just think how much money it takes to move gold the way it has in recent times.

[hermanhs09]

So is bitcoin really a safe asset? This question is difficult,im sure answers differs a lot.
It is not very safe there is no doubt,because,on one hand bitcoin is something new,what you cannot deny.
But the bitcoin market is already so big,and pumped with money it is not unsafe too.I would say it is rather safe.