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Author Topic: Is Bitcoin still a good store of value <Safe haven>?  (Read 187 times)
Kakmakr
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February 07, 2018, 05:41:26 AM
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 #1

Global markets have sold off aggressively in the last three days.

There are sixteen stock exchanges (bourse) in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club".

The global stock sell-off is continuing, with Tuesday seeing significant falls at exchanges in Asia and Europe. The day after the U.S. stock market fell by its largest amount in six years, Japan's Nikkei index was down by 6.5% and Hong Kong's Hang Seng was down more than 6%.

Previously, when there were some economic turbulence, some investors turned to Bitcoin as a store of value or a Safe haven, but it seems as though the table has turned and Gold prices jumped to a 14-Month High.

Gold Prices Today Per Ounce :

Today
Per Ounce $1,326.90
Per Gram $42.66
Per Kilo $42,660.79

Bitcoin price : $7400

What explanation do we have for that? 

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February 07, 2018, 08:13:42 AM
 #2

Even before the Dow Jones plunged, the Bitcoin/crypto market were going through a few uncertainties/FUD regarding regulation and manipulation. No investor would want to move his funds from a collapsing investment to another uncertain investment. I think if there were no FUD from Korea, India, China, Bitfinex/Tether, some banks blocking Bitcoin, things might have been different. Like stocks, bonds, industrial commodities or real estate, crypto market is heavily influenced by fear and uncertainty, but on the other hand gold is what people prefer when there is uncertainty over other assets and in that sense IMO, Bitcoin still has a long way to go to be a reliable store of value like gold.
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March 04, 2018, 03:02:09 PM
 #3

Bitcoin is the current currency that is used online. The renewed focus on Bitcoin leads to interest from the people interested in investing. "The BTC [Bitcoin] and the crypto [coin] have largely hit the mainstream spirit," said Lex Deck, chief executive of the alternative investment aggressive off-officer. "I have increased the number of inquiries from late adopters who want to know more about access to investment opportunities in the place. It has become faster at the beginning of the year, with a jump of $ 1,000 to $ 4,000, with a feeling that now has a little less volatility."
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March 04, 2018, 03:10:58 PM
 #4


Previously, when there were some economic turbulence, some investors turned to Bitcoin as a store of value or a Safe haven, but it seems as though the table has turned and Gold prices jumped to a 14-Month High.

Gold Prices Today Per Ounce :

Today
Per Ounce $1,326.90
Per Gram $42.66
Per Kilo $42,660.79

Bitcoin price : $7400

What explanation do we have for that? 

Seeing as the price today is $11,300, if you got into bitcoin on 7th Feb as a hedge against the markets, you have done spectacularly well!

 
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March 05, 2018, 12:41:51 PM
 #5

His whole story speaks of the fact that not just a repository of value but a very profitable investment Smiley.

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Cyril jay
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March 05, 2018, 01:09:40 PM
 #6

His whole story speaks of the fact that not just a repository of value but a very profitable investment Smiley.
n order to protect bitcoin we need to strengthen the steps and proper procedures we will use to minimize the risk. We also need to strengthen ourselves with those who abuse us to get what they want. And we also need that, we need not to trust immediately to get the value of the bitcoin  we've worked hard to collect. We also need to place it on the right wallet to avoid  any danger that happen to our bitcoin.
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March 06, 2018, 12:08:53 AM
 #7

Yes, as long as the wallet you are currently using has its feaute of two factor authentification so that some threats and risk for the bitcoin you have in your wallet is somehow safe. You should also be aware of different phishing method so that you will be able to determine where and what you should open.

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March 06, 2018, 12:47:07 AM
 #8

Bitcoin is the first technology to utilize blockhaind technology that has many major functions in terms of settlement tools, storage tools, and instant transfers. but on a scale the value of bitcoin as an asset is likely to be exceeded by other asset forms as well as gold assets as you say. and there are several factors that cause gold prices to rise again and one factor is a global macro factor such as the increase of the Fed rate of 4 times this will certainly increase the demand for gold.

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surfinonmyownwavebaby
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March 06, 2018, 01:09:08 AM
 #9

Of course it is, although we are having a hard time breaking out right now. I feel that should change this month and that we will be above 15k at months end. Don't know what that means for alts though, their relationship has been kinda rocky lately Tongue.

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March 06, 2018, 01:49:46 AM
 #10

No. People who think it's a safe haven are deluding themselves. Anything could happen to its price. The current and previous heights are fuelled by pure speculation and excitement.

In all of BTC's life there's never yet been a significant downturn in wider markets. It's easy for anything to boom when everything else is. If that falters then we'll see who or what is swimming naked. My guess is that Bitcoin is a luxury bet. If there's a proper squeeze it'll be the first thing people get rid of.

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March 06, 2018, 02:07:08 AM
 #11

The crypto market is the most fast moving space I've ever seen. Following the initial dip after Christmas eth was being touted as the superior store of value like this thread suggest. Fast forward a few months and the market dipped way more than most expected and once again it was bitcoin that came out as the superior store of value relative to other crypto
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March 06, 2018, 02:13:03 AM
 #12

of course not , btc price is very volatile it went from 20k to 8k , these fluctuations in price make it not a suitable asset to store your money , on the other hand , gold reserve its price and it's in up trend since the economic crisis .

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March 06, 2018, 02:26:03 AM
 #13

Depends on what you mean by "Safe", in terms of security without a doubt but in terms of stability and a rising interest on your investment maybe not. As it is unclear what the future holds, but if you do your research efficiently you'll convince yourself that it does indeed have a future.
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March 06, 2018, 03:04:15 AM
 #14

the Btc current currency used online Btc leads to interest from the people interested in investing that has many major functions in terms of settlement tools. storage tools  and others. but on seale the value of btc as on as set is likely to be exceeded by other forms as well as gold as sets as you say and there are several factors that cause gold price to rise again as the increase of the fad rete btc still ahs a long way to go to store of vaule like gold
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March 06, 2018, 04:23:00 AM
 #15

Physical gold is difficult to acquire, difficult (expensive in a cell or can steal) to store. There are risks when selling it.
In fiat currencies, there is a risk of depreciation due to inflation.
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March 06, 2018, 04:31:23 AM
 #16

Bitcoin still consider as risky investment because their value can changed without being expected.

So is it good for investment ?
If you can bear the risk for bitcoin , you can earn profit more than you can earn by keeping your gold or diamond !
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March 06, 2018, 05:12:37 AM
 #17

Not entirely sure but no it is not for me. BTC is not the most safest cause it is the riskiest of all the crypto. Not good for investments that has short term due. Must be a long term investment befote you can profit. As of now it is still rising and dumping in the 10k+ section of dollars.

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March 06, 2018, 05:33:37 AM
 #18

Global markets have sold off aggressively in the last three days.

There are sixteen stock exchanges (bourse) in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club".

The global stock sell-off is continuing, with Tuesday seeing significant falls at exchanges in Asia and Europe. The day after the U.S. stock market fell by its largest amount in six years, Japan's Nikkei index was down by 6.5% and Hong Kong's Hang Seng was down more than 6%.

Previously, when there were some economic turbulence, some investors turned to Bitcoin as a store of value or a Safe haven, but it seems as though the table has turned and Gold prices jumped to a 14-Month High.

Gold Prices Today Per Ounce :

Today
Per Ounce $1,326.90
Per Gram $42.66
Per Kilo $42,660.79

Bitcoin price : $7400

What explanation do we have for that? 
Fiat specially dollars is get people attracted and many are selling off their hold in other for them to make profit through fiat. I think bitcoins is going to be the greatest beneficiary of this huge dump in stocks and commodities market. Ctyptocurrencies investment is the most attractive for now and we should wait and see how fund move back to it soonest.
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March 06, 2018, 06:08:53 AM
 #19

No. People who think it's a safe haven are deluding themselves. Anything could happen to its price. The current and previous heights are fuelled by pure speculation and excitement.

In all of BTC's life there's never yet been a significant downturn in wider markets. It's easy for anything to boom when everything else is. If that falters then we'll see who or what is swimming naked. My guess is that Bitcoin is a luxury bet. If there's a proper squeeze it'll be the first thing people get rid of.
This technology is an exemplary place for investment, trading, savings and more. It offers great opportunities for all leading to a quality of life. It may fluctuate at times, but it surely will survive as the people behind it are also doing their best to strengthen it.
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March 06, 2018, 08:04:33 PM
 #20

Bitcoin would still remain a store of value for the next few years to come if the market is still largely based on speculative purposes as there is still room for new heights to be reached. To then compare bitcoin price and gold price to me is not considering other factors that differentiates them. Gold main purpose as we can tend it to be is solely as a store of value but for bitcoin, it encompasses both the attribute to be a store of value and a currency which means the attention to have been devoted to on one objective would then be shared with effect reflecting on price.

Aside the above, like you have said, the table turns which gives the hope that the table can still turn again to the advantage of bitcoin which is very much not impossible.
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