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Author Topic: The only safe haven currency is Bitcoin  (Read 1738 times)
Adriano2010
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May 16, 2019, 05:38:27 PM
 #41

Bitcoin is a good option to store money and overtime can get a profit, and even if something happen with fiat money bitcoin can save if store and hold, and can be used to pay if is accepted on shops.
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May 16, 2019, 08:20:54 PM
 #42

I disagree with you on the fact that you think Bitcoin is the only safe haven currency (cryptocurrency).  Ethereum and other well developed crypto coins have good credentials which also makes them a safe haven currency because they also present decentralized platforms free from central authorities controlling how things are done or transactions made on the platforms.
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May 16, 2019, 08:57:19 PM
 #43

haha...well you have a point about the fact that investing into bitcoin is always a good investment decision. This is so because there a huge number of investors who are into bitcoin investment and this makes its price  increase and decrease constanly. You just have to position yourself at a vantage point during its cycle of volatility.

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May 16, 2019, 09:05:50 PM
 #44

It's not only about bitcoin itself, the most cryptos are giving you freedom.
I like this article written by the new york times, a citizen of venezuela is talking about how bitcoin has saved him and his family during the hyperinflation.

https://www.nytimes.com/2019/02/23/opinion/sunday/venezuela-bitcoin-inflation-cryptocurrencies.html

Just share it as much as you can... most people cannot imagine that this could ever happen to them but.... nowadays nothing is safe.
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May 16, 2019, 09:23:48 PM
 #45

Yes bitcoin have plenty of advantages that is very helpful to each and everyone of us who really support bitcoin from the start of it's discovery until now.
Many are buying bitcoin already and as you can see the price is keep on increasing though there are a little drop but in the following days it will increase again.

I haven't invested LTC in the past but I am sure LTC has a future especially that it belongs to the top 10 in coinmarketcap.

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May 16, 2019, 09:57:13 PM
 #46

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.

All your points are correct, but only a few people are realizing this if they do they will keep buying Bitcoin, the bubble stuff theory keeps them from taking hold of Bitcoin, that's because they keep listening to these so-called experts, who are all part of the government to prosecute Bitcoin.

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May 16, 2019, 10:16:17 PM
 #47

I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.
You can say it's not but that is mainly the people's problem whether they have to leave their Bitcoin on any exchange which is allowing the hacker to give your Bitcoin on them once they hacked the exchanges. But if you know how to deal with this, you should have taken that remaining Bitcoin on any exchanges that you used and put it on your hardware wallet and viola your Bitcoin is safe with you unless you give your private key to someone.

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May 16, 2019, 10:19:57 PM
 #48

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.

In fact, all these attributes are common to most legitimate cryptocurrencies, so it does not seem appropriate to use these characteristics as the main advantages to prefer bitcoin. However, compared to the rest of the cryptos, bitcoin has proven to be a safe and reliable store of value, and perhaps justifiably the most coveted of all the cryptocurrencies so far.

Still, I reserve my doubts about how useful bitcoin could be in case of a great war on a global scale... Embarrassed

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May 16, 2019, 10:23:46 PM
 #49

because the government is not ready to adopt BTC as a currency.  there are many reasons and different :
1. the government sees the extream volatility. 
2. The government sees that BTC is only bubbles and Ponzi. 
3. The government sees public conditions that are not ready to accept BTC and crypto. 
4. The government considers that BTC is a threat to the national currency. 
so they choose to create new electronic currencies and banns crypto activity.

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May 16, 2019, 10:30:03 PM
 #50

I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.
You can say it's not but that is mainly the people's problem whether they have to leave their Bitcoin on any exchange which is allowing the hacker to give your Bitcoin on them once they hacked the exchanges. But if you know how to deal with this, you should have taken that remaining Bitcoin on any exchanges that you used and put it on your hardware wallet and viola your Bitcoin is safe with you unless you give your private key to someone.
refresive action is not an option.  but the main choice is preventive action.  Don't wait to move coins after being hacked.  it's better to keep in the hard wallet before hacking occurs.  and your assets will be safe.  after Binance was hacked.  I am afraid to save assets in an exchange wallet.

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Gi01
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May 16, 2019, 11:59:06 PM
 #51

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.

These are very true. Bitcoin makes it possible for you to use at any part of the world you find yourself. Bitcoin is the true definition of financial freedom. Bitcoin is so far the most trusted and secure financial entity in existence so far.
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May 17, 2019, 12:13:17 AM
 #52

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.
If you look at it that way then yes its easy to move you Bitcoin from one place to another in times when war broke out, but what will happen if there's no access to electricity and internet? There's pros and cons if we put all our money in Crytocurrency that's why its better if we spread our money in different investments.
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May 17, 2019, 12:26:09 AM
 #53

I will disagree to your claim for the word "only" as during the world war Bitcoin will become useless as we cannot do transactions anymore because internet and communications cells will be destroyed during the conflict unlike gold and money still can be use anytime in anywhere for food and temporary shelter.
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May 17, 2019, 02:00:06 AM
 #54

Yes, indeed i could.not disagree as a newbie the only safest crypto that I can afford to.invest is bitcoin only. No doubt about it because this is the first digital currency or crypto.being.invented or created by the founder Satoshi Nakamoto and altcoins just means alternative coins. So, if there are newbies out there that wishes to invest in cryptocurrency then chose BTC (BITCOIN) as much as possible.
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May 17, 2019, 02:05:01 AM
 #55

I do not think so, because there is no secure system, even bitcoins can be hacked, through an unsecured exchange.
You can say it's not but that is mainly the people's problem whether they have to leave their Bitcoin on any exchange which is allowing the hacker to give your Bitcoin on them once they hacked the exchanges. But if you know how to deal with this, you should have taken that remaining Bitcoin on any exchanges that you used and put it on your hardware wallet and viola your Bitcoin is safe with you unless you give your private key to someone.
Yeah bitcoin itself is safe and not hackable but the person who uses a bitcoin are the one that is responsible if ever his bitcoins will get hacked because he maybe store his bitcoins on an online exchange or a wallet  . That isnt a good way to handle bitcoins but its okay if you will be using your bitcoin actively for trades or for business porpuses  .
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May 17, 2019, 02:10:51 AM
 #56

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.
Then what if there’s a total blocking’s of internet when the war happens?then how can you access the bitcoin and how to convert to fiats for withdrawal?

Maybe this is something to have answers

Quote
2) The only one Currency not controlled by a government or bank.
In this I agrees since that’s why we are all here for this privacy
Quote
3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.
Because of us treating bitcoin as property,look how many of us using bitcoin s what this is must?you can only find more holders than paying
Quote

My advice is keep buying Bitcoin and don't look back. Also don't forget LTC.
Lol to circulate the bitcoin we must buy and sell and not to totally hold..

And what about LTC?what does the importance towards bitcoin?
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May 17, 2019, 02:19:06 AM
 #57

I will disagree to your claim for the word "only" as during the world war Bitcoin will become useless as we cannot do transactions anymore because internet and communications cells will be destroyed during the conflict unlike gold and money still can be use anytime in anywhere for food and temporary shelter.
It's true, without internet bitcoin is nothing. There isn't a physical value for btc, because it doesn't exist on the reality, that is why gold, other metals and gems are superior to any virtuals goods. But keep in mind even fiat can become worthless in a war scenario;
In times like that currencies become very useless, being crypto currency or not.

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May 17, 2019, 04:30:56 AM
 #58

Bitcoin it's only a currency we all know that, Blockchain is the technology, you said "Bitcoin is the safest" I don't think so! there are so many innovation show up in 2019.
Privacy coin is the safest in my opinion. the time is running, the development of Blockchain is getting better and better than before.
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May 17, 2019, 06:41:15 AM
 #59

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.
With the use of electronic wallet or mobile phone, yes of course it would become very useful when unexpected military war has started. But not all hodl some bitcoins and not all are aware that bitcoin existed. That is why it is still easy if you carry your physical cash or ATM cards with you.
Quote
2) The only one Currency not controlled by a government or bank.
It's decentralized and don't need third party like banks or governments. That is the advantage of bitcoin.
Quote
3) I will have to ask a general question? Why many governments are classing Bitcoin as a property & not a Currency.

Any source? Some governments considered bitcoin as a digital currency only  or some kind like paypal and an investment at the same time. Since most of them did not yet want to accept it, we just have to be contented on what's it's current use like digital payments, etc. Time will come that they will give considerations to bitcoin.
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May 17, 2019, 06:50:12 AM
 #60

Bitcoin is a digital gold. It has many use cases than any other existing technology. You can consider Bitcoin as an asset, store of value, for making payments, a perfect replacement for existing financial ecosystem, soon you will be able to receive loans and you can implement Bitcoin's core technology Blockchain in almost every sphere of our society. Then what else we need.

As Fiat currency, which is a mass printing currency by government, will soon become useless price of paper. This is the right time to buy and hold Bitcoin. If you buy it now, then you will secure you retirement plan.
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