So is Bitcoin a SAFE Asset?

[senoss]

Bitcoin is too volatile in order to be considered a safe asset.

[cpfreeplz]

It's a store of value that doesn't necessarily coincide with the stock market. That's where you can consider it a safe asset. In terms of volatility though if course it's not 'safe'.

[shinratensei_]

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

Just stop make a shit post like this, this is a common opinion and many people has recurred about this post in every topics in this forum, how you can call if bitcoin is an a safe asset only considered from your prediction if bitcoin is worth and growing a lot in the future. it's just the only prediction no one can take this become main reason to included the bitcoin in safe assets.

[Xester]

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~

Here in the Philippines I would consider bitcoin as a safe asset. We have a so called peso wallet that freezes the bitcoin in its current value and cannot be affected by the changes in the market value.  I come to bitcoin due to my financial incapability and when I am not financially short I hoard my btc as savings and possible increase

[akogwapo14]

it depends on the people if its  safe or not . bitcoin is easy to change to local currency with exchanger. if youll active in trading you will get profit with the volatility of bitcoin thats the good thing of it.

[icecube45]

I think bitcoin can not be a safe haven asset because there is no guarantee that make our money safe. For the short term may be safe but in the long run I do not think so. Because there is no guarantee from the government and the fluctuations that are too often can make a loss if it does not make buying and selling.

[rphk]

bitcoin is safer when you store it on paper wallet etc. and some of the countries it should be legalized , price wise it is fluctuating, so always buy at when price is low and sell it when goes high.   

[posternat]

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.

Bitcoin is not only safe Asset, it is much worth than a Gold. As you know,gold prices takes a lot of time to rise whereas see the bitcoin prices. They can be double the value in a month or so.  

[Herbert2020]

bitcoin is definitely not a safe asset, but it is not safe yet. as the article itself suggests bitcoin has the properties desired in a safe asset so i believe that It could be the next big safe asset.

besides bitcoin has many more attributes that makes it so much better than any other asset like gold that you want to hold. you can easily spend bitcoin but you can never spend gold!

[richkellj]

I don't think bitcoin a safe asset because volatility in price is so high at current stage and price is not only moving upward. Price has jumped like more than double in this 1 year period but we also shouldn't forget price going down from 1200$ range back to 200$ before within less than 1 year time period.

That's the issue with me too as I am a student and am not sure what's the right price to buy coins at. I first doubted that bitcoins would reach below $180 and now I bought coins at $650 and fear it may again drop. I don't want to be at a losing end and hence only invest a small amount every month in bitcoins.

[Nevis]

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 a safe asset because it is not stable. But its instability has its own advantage the tremendous price inflation. Though it holds some risks I will not stop at bitcoin since it provided me with extra income opportunities. I am not buying any bitcoin since then but earning them through online jobs. Safe asset or not safe asset I will still engage in bitcoins since it means additional income.

[Mayuyu48]

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 being in it's growth phase isn't a stable asset as of now, but in my opinion is the future of global economy.
We're still realizing the value of bitcoins, and it's high volatility is exploited to make profit. I believe though, it shall be the safest asset at one point in the future.

[ASHLIUSZ]

If you think unstable bitcoin price isn't big problem, then bitcoin is a SAFE asset.
Otherwise, you better find another safe asset such as gold.

Volatility and the long-term unknowns involved in bitcoin's development stop it from being considered a safe-haven asset like gold, but if you can make good profits from this fluctuations then it can be a safe asset.

[TGD]

bitcoin is not safe asset but its much better than fiat. in bitcoin if you know how to play with the volatility of bitcoin you will earn profit theats the good i like with bit coin not like fiat currency.

[Sharma]

If you think unstable bitcoin price isn't big problem, then bitcoin is a SAFE asset.
Otherwise, you better find another safe asset such as gold.

Agreed, what makes something a safe asset is its stability and consistent numbers that allow it to be predictable. With bitcoin, no one knows exactly what the price will be in the future because its so volatile and changing. Its currently unstable unlike gold with a price thats rarely changing, so bitcoins not a safe asset.

[JeffBrad12]

bitcoin is not safe asset but its much better than fiat. in bitcoin if you know how to play with the volatility of bitcoin you will earn profit theats the good i like with bit coin not like fiat currency.

All forming of the asset is not safe, always having a blind spot. for you can thing bitcoin is much better than fiat but different for another people. the volatility price of bitcoin is the advantages of bitcoin and it's very useful for a lot of people. bitcoin is different with fiat. but fiat is easy to use in every place or merchant than bitcoin.

[romero121]

With cent percent assurance we can't say bitcoin a safest asset. It needs to be converted to fiat depending upon the price fluctuation. Its better to consider it a short time investment.

[xuan87]

there are no 100% safe asset, every investment contain risk, it just the matter whether it is a big risk or small risk, and for me bitcoin opportunities to shine still open brightly in the future, so i would say bitcoin is a good investment, but as i say there are no 100% safe investment

[hermanhs09]

there are no 100% safe asset, every investment contain risk, it just the matter whether it is a big risk or small risk, and for me bitcoin opportunities to shine still open brightly in the future, so i would say bitcoin is a good investment, but as i say there are no 100% safe investment

That's true but there are some assets which are basically that safe that you cannot lose on them
Gold is nice idea,it is safe but price may fluctuate a lot,you can call a debentures a safe asset's,you cannot lose on them.

[BitcoinHodler]

bitcoin is not safe asset but its much better than fiat. in bitcoin if you know how to play with the volatility of bitcoin you will earn profit theats the good i like with bit coin not like fiat currency.

i suggest you to read the article first and then jump to a conclusion.

i agree that bitcoin is not the safest asset but it can become one of the safest assets which is also a lot more convenient to use, or invest in.