The only safe haven currency is Bitcoin

[Yourhomeboy]

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

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[CryptoBry]

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

Bitcoin and the rest of the cryptocurrency platform is presenting us a different kind of alternative for wealth keeping. Indeed, just like the physical gold this can be a safe haven during difficult times but unlike the real gold there is no need to hide it somewhere but just in our digital wallets or even hardware wallets which we can just pick up anytime anywhere. Of course, the physical gold also has its own advantages but for now the focus is with bitcoin because of its big potential to be the game-changer we are all waiting for. As to why some governments are classifying bitcoin as a property rather than a currency, that is their call and prerogative we are all biased anyway and we have different perspective with things.

[Haunebu]

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments.

[Innerpumper]

I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.

[Alpha0One1]

Bitcoin exist in the internet and is somewhere in between currency (currency is not money since it devaluates over time) and gold (the only real money since ancient times).
It might soon be classified as a different asset class, Crypto Asset, since it has proven to be a good store of value for the past 10 years of it's existence.

[Yourhomeboy]

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments.

Yeah Bitcoin is just few years away from getting to the brink of all the struggle we have been pushing, am 100% sure it won't be a catastrophic end. But I wonder why people ain't saying anything about Bitcoin even at this stage of 8k seems FUD is still their problem about btc

[Pursuer]

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments.

there isn't  only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban.

[Kocret02]

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

the first point is better for bitcoin owners, if in their country they are involved in a conflict they can save themselves and leave the country to continue to survive using bitcoin. bitcoin has a function like this and is the safest.

[mindrust]

I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.

You are probably mistaking  the exchange hacks for hacking bitcoin itself.

Nobody ever hacked a bitcoin address till now unless it is the own fault of the person who created the wallet in a stupid way or used insecure devices to store his coins.

Bitcoin itself is very secure if you know what you are doing.

[Yourhomeboy]

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments.

there isn't  only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban.

isn't it wiered that China has 80% of bitcoin mining, yet they banned Bitcoin and their citizens would have to use VPN to purchase what their country mine themselves. It can be a tactical move to trick the world.

[arbiter5]

I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.

If bitcoins are stolen though an unsecure exchange, then the problem is with the exchange, not with bitcoin. Leaving non-trading funds on exchanges is as stupid as leaving your valuable belongings on a mall's baggage counter.

[Pursuer]

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments.

there isn't  only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban.

isn't it wiered that China has 80% of bitcoin mining, yet they banned Bitcoin and their citizens would have to use VPN to purchase what their country mine themselves. It can be a tactical move to trick the world.

I am not sure where you are getting these things from but none of what you said is correct.
China doesn't have 80% of bitcoin mining, it is barely 20% and they have never banned bitcoin to force their citizens to use VPNs. they just closed exchanges that were doing illegal stuff such as money laundering.

[mk4]

isn't it wiered that China has 80% of bitcoin mining, yet they banned Bitcoin and their citizens would have to use VPN to purchase what their country mine themselves. It can be a tactical move to trick the world.

Can you give us your source on the 80% claim? Also, just to make it clear for you in case you misunderstood this, not because a person is using Antpool(China based mining pool), it doesn't automatically mean that the miner is from China.

[YuginKadoya]

Many will surely say the same thing Bitcoin is the only Cryptocurrency where you can be sure that if you invest in it, It will not go to waste even in a bear market situations it will not turn to zero, Many in the community did prove it and I am also one of them that it is really a Coin of tomorrow, Well If you don't own a cryptocurrency you should invest first in Bitcoin or trade in it, before engaging trades with other cryptocurrency.

[Yourhomeboy]

isn't it wiered that China has 80% of bitcoin mining, yet they banned Bitcoin and their citizens would have to use VPN to purchase what their country mine themselves. It can be a tactical move to trick the world.

Can you give us your source on the 80% claim? Also, just to make it clear for you in case you misunderstood this, not because a person is using Antpool(China based mining pool), it doesn't automatically mean that the miner is from China.

I read on Twitter today that China has dominated Bitcoin I searched for other sources check this https://www.buybitcoinworldwide.com/mining/china/

[Yourhomeboy]

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

They view BTC as an asset primarily and don't consider it as a currency just like majority of the investors in the cryptocurrency market which is a much better and safer option for them. We need to reverse this asap by driving adoption rates higher with time through regular developments.

there isn't  only one country and one government in the whole word to have a singular view about bitcoin. there are lots of countries and each have their own view. there are countries that view bitcoin as a currency as they should and there are others that see it as a commodity mostly for tax purposes and in most cases the governments are undecided but open to bitcoin and finally in rare cases we have total ban.

isn't it wiered that China has 80% of bitcoin mining, yet they banned Bitcoin and their citizens would have to use VPN to purchase what their country mine themselves. It can be a tactical move to trick the world.

I am not sure where you are getting these things from but none of what you said is correct.
China doesn't have 80% of bitcoin mining, it is barely 20% and they have never banned bitcoin to force their citizens to use VPNs. they just closed exchanges that were doing illegal stuff such as money laundering.

Are you saying China didn't ban Bitcoin? I don't think you are right neither. I have so many barrier from some of my Chinese client that can't pay with btc because it's banned in their country. To prove you wrong about their mining percentage read https://www.buybitcoinworldwide.com/mining/china/ I keep updating everyday when was the last time you checked neither

[Duzter]

Rather than the reasons quoted by the Op there were more and more reasons to consider bitcoin the safe haven. Op has given importance to Litecoin other than bitcoin which is purely based on the working algorithm which is similar to bitcoin. Very few currencies like ethereum, Litecoin only have got the regular usage access other than bitcoin. This is where bitcoin gains importance, and most of the top listed cryptocurrencies can be preferred as a safe haven currency if one can hold it safe.

[bhabygrim]

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

There is a lot of crypto currency around not just Bitcoin and most of the crypto currency is decentralized so no one controls it,
Well not just the governments but also most of the investors of crypto are seeing it as a property or asset not as a currency,
They want to use it as an investment not as a currency to be used to pay for any online transactions.

[edisystem]

1. Lol it's not that easy as you think, if war happened, do you think the bitcoin price will high? It will affect the bitcoin price for sure.
2. Actually there are so many altcoins that are not controlled by government or bank, not only bitcoin.
3. Well, i think it takes time for the government to accept bitcoin as a currency.

[Nadziratel]

Bitcoin has been confirmed as the best safe haven currency in the world with the following reasons.

1) If they is a military war, someone can easily move out of their respective country with Bitcoin. Cash, gold, silver is much harder to deal on.

2) The only one Currency not controlled by a government or bank.

3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.

While the bitcoin price is moving, the altcoins are completely unsafe. This is true for all of them. And nowadays, Bitcoin is looking for a place to rest for a while. Altcoin investments are always risky until it find that point. Don't act without thinking.