So is Bitcoin a SAFE Asset?

[eternalgloom]

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.

Yeah but compared to precious metals, it might not be as safe.
What would happen if there's suddenly a massive dump? Prices could theoretically fall back to under $10.

[Mark02]

Bitcoin is not a safe asset as in a store of value with a stable price attached to it. Not in the slightest actually. As it stands right now Bitcoin is a highly volatile commodity mostly used by speculators who mostly participate in pump and dump schemes thus the high fluctuation in price. I don't think Bitcoin is a stable asset in uncertain economic times, it's certainly a high risk-high reward venture that can make you win a lot or lose a lot. I wouldn't like my livelihood to depend on it and I am not investing all my worth into Bitcoin for now.

Yes indeed, and one thing. Bitcoin was just some currency and there will be a time that it will not used. Many will consider this as safe asset because it is the most popular crypo-currency today. And there were times that new currency will appear and bitcoins will not be used or rarely be used causing its market price to drop and can cause a huge money lost to those who holds a large amount of it. I can only say that we grab the oppurtunity to have profit now where bitcoin is in demand so that when time comes, you will have a positive outcome.

[Superbitzz]

to me it is  really a safe assert no doubt about this. i can see that most of the people are investing in bitcoin and that is the proof that bitcoin is so  safe. in coming future i am hopeful that bitcoin will more safe than the present position.

[Bitcotalk]

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.

But for long run investment I have got good results, you can notice all of those who have their coins from about 5 or 6 months have got the double amount of their money with bitcoin, and those who have invested for shorter periods earn little amounts.

[Doamader]

Bitcoin is safe as long the miners keep their protection, the core should start to care about the next system that will protect bitcoin. Bitcoin has huge potencial and its just on its 7 year alive, soo its just a child. Bitcoin is a good option to invest as gold, but there are always risks around any investment, with bitcoin isnt different.

[GreenBits]

Nah, bitcoin isn't really all that safe as an asset. If you need proof, look at the price. Safety usually equates with stability. With the volatility inherent in bitcoin price since it's inception, there is alot of profit, but that profit comes with an asstonery of risk. News moves the price entirely too much at the moment; we need more users and less speculation.

[MAA658]

In Fact Bitcoin Is Very Danger Asset Because Bitcoin Price Is Raise And Down
If Suddenly Down That Will Harm The Investor

[ubitcoin]

In Fact Bitcoin Is Very Danger Asset Because Bitcoin Price Is Raise And Down
If Suddenly Down That Will Harm The Investor

Bitcoin has many negatives to it like price fluctuations, legal issues, illegal trades that take place with this currency and wallets that can be hacked easily and transactions not being able to be reversed in case of scams.

But despite these facts, bitcoins help us to earn a lot of profit because of its volatality and it is not taxed, thus, helping us to earn maximum bonus from our money.

[shinratensei_]

In Fact Bitcoin Is Very Danger Asset Because Bitcoin Price Is Raise And Down
If Suddenly Down That Will Harm The Investor

The investment will always have the advantages and disadvantages, but for me, asset is different with investment. I never interested to called bitcoin an asset because it's not true, the assets always have the same value and get any impact from the situation. otherwise with investment

[bravehearth0319]

Definitely yes! since I joined in crypto world I considered bitcoins as one of my assets thats why I said its more than a treasure.
An assets that can produce income, can give savings, and very useful in different mode of payment.

[thejaytiesto]

It is the most safe ont eh planet objectively since 1 BTC = 1 BTC and nobody can steal bitcoin from you, given that you take the required security measures. If you do that, nothing comes closer to the feel of knowing you own what you hold. Everything else depends on someone hoarding it for you.

[avikz]

The safe asset topic is relative. You consider various situations, the definition of safe will be different. So as bitcoin. It is a very high returning but intangible asset. You can only see your wallet but can't touch it unlike fiat money.

So, bitcoin is not as safe as fiat money to me. Yes, definitely bitcoin has value to me and I am accumulating more and more bitcoin from various sources every day. I have no intention to sell my bitcoin holdings in near future. Hence I am keeping my trust on it. But I have not stopped saving in my fiat currency.

[BicolIsarog]

I think safe asset, because all my money into there a year ago but I felt risk at there, because some time the price dropped but in some point I earned a lot of profit from there. So how will we say that bitcoin is a safe asset? 

[ObscureBean]

It is the most safe ont eh planet objectively since 1 BTC = 1 BTC and nobody can steal bitcoin from you, given that you take the required security measures. If you do that, nothing comes closer to the feel of knowing you own what you hold. Everything else depends on someone hoarding it for you.

1 BTC = 1 BTC is a great way to look at it but what's the point of having 10,000 BTC if you can't buy anything with it? That would be like saying you have 10,000 rocks in your backyard. The shops that accept BTC online don't actually hold on to it, it gets converted to dollars via BitPay etc before reaching them. If 1 BTC was only worth 1 BTC with no dollar value it wouldn't be worth anything. It's an asset with potential but I don't think it's a safe asset. I doubt even the most hardcore Bitcoiners out there would convert their life's savings to BTC and only hold BTC.

[serjent05]

I don't think that bitcoin is a safe asset when it comes to it's value to money.  It is very volatile that maybe on the next week the money value of your asset will multiply by 10 or maybe worthless.  It is true that 1 btc = 1 btc but the comparison isnt on the currency alone.  There are lots of factor to consider. 

[Ravion]

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~

Well, it's a new form of money, which doesn't have much of a history. And also, it depends on the internet. There's also the volatility of the price.

It may be considered safe because it's decentralized. The government can't play around wth the price of it.

I think people are putting their money into bitcoin now because they think that it's a good investment. And it may turn out to be a good investment.

[Das]

Bitcoin is definitely a safe asset, it will only appreciate not depreciate with time. Store it in a paper wallet and keep your private key, no one will steal it and you can always sell a coin anytime you are low on cash.

[GreenBits]

Bitcoin is definitely a safe asset, it will only appreciate not depreciate with time. Store it in a paper wallet and keep your private key, no one will steal it and you can always sell a coin anytime you are low on cash.

While bitcoin is much safer now than it was, it is still relatively volatile compared to more traditional assets, and subsequently carries more risk than an investment in say, Apple or Google.

[Patatas]

It is the most safe ont eh planet objectively since 1 BTC = 1 BTC and nobody can steal bitcoin from you, given that you take the required security measures. If you do that, nothing comes closer to the feel of knowing you own what you hold. Everything else depends on someone hoarding it for you.

Who said no body can steal bitcoins from you ? Bitcoin us not hacker proof.You're rambling completely in the opposite direction,OP meant safe as in "Safe from Investment point of view".Something like ,if the market crashes and prices fall below $5 again,would have been a nice example.

It's not safe at all because there is no insurance for Bitcoin.

You have insurance for the money in your pockets ?If you get robbed tonight,don't worry you should be getting the money back from your insurance banker anyway.

I don't think that bitcoin is a safe asset when it comes to it's value to money.  It is very volatile that maybe on the next week the money value of your asset will multiply by 10 or maybe worthless.  It is true that 1 btc = 1 btc but the comparison isnt on the currency alone.  There are lots of factor to consider. 

Yes if you compare it with fiat values,its a lot risky.Unfortunately you can't help it since most of the bitcoin is brought through fiat and it can't be a safe asset if the prices fall down even by the slightest margins.

[Maesters1-]

yes i have fully trust on bitcoin and i can say that bitcoin is a SAFE asset.  and that is the reason that i have invested all my assets here in bitcoin. one of my friends sold his house to invest in bitcoin.