cipherhut
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July 26, 2019, 10:30:01 AM |
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Is it? You can't say any cryptocurrency or any digital asset as a safe haven, that safe crown has biting spikes that can lead you to bleed. The safe drive is the only advice for any crypto trader.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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slaman29
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Merit: 1212
Livecasino, 20% cashback, no fuss payouts.
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July 26, 2019, 01:12:31 PM |
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Bitcoin is the safest haven currency because it is absolutely yours. You own it. Nobody else has access and power over it except yourself. And when a world war breaks out, your fiat is going to be intercepted at the airport. There's only a maximum allowed. Your gold and silver and other jewelries have to be registered and taxed as well, and there's probably another maximum value. Your Bitcoins, however, are unknown to whoever is screening your belongings.
When Bitcoin works the way it's intended, sure. The only problem I see is that majority of people don't even know how to use Bitcoin properly. I'm not even talking about so complicated measures like manually doing CPFP or whatever, I'm even just talking about reviving a wallet from private keys. |
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wxxyrqa
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Merit: 121
Growth & Marketing | IEO | Bounty | Strat
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July 26, 2019, 06:19:45 PM |
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Bitcoin is the safest haven currency because it is absolutely yours. You own it. Nobody else has access and power over it except yourself. And when a world war breaks out, your fiat is going to be intercepted at the airport. There's only a maximum allowed. Your gold and silver and other jewelries have to be registered and taxed as well, and there's probably another maximum value. Your Bitcoins, however, are unknown to whoever is screening your belongings.
When Bitcoin works the way it's intended, sure. The only problem I see is that majority of people don't even know how to use Bitcoin properly. I'm not even talking about so complicated measures like manually doing CPFP or whatever, I'm even just talking about reviving a wallet from private keys. You can talk about the benefits of using different values based on the conditions in which we live. But we must really look not only for today, but also at what may be in the future. If we say that we should not focus only on investments in Bitcoin, but choose at least 15 or 20 different cryptocurrencies in our portfolio in order not only to get better results, but also to minimize our risks, then we should also focus not only on cryptocurrency, but also make investments in real values in order to avoid all sorts of bad situations. |
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Wolfwar
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Activity: 630
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July 26, 2019, 09:25:02 PM |
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In fact, today nobody really carries large sums of money with them, because many people use bank cards to pay their bills or buy goods. In order to better use the cryptocurrency as a means of payment, you need to have the appropriate infrastructure, because not all places where I can spend real money provide an opportunity to use cryptocurrency.
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Kasabus
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July 26, 2019, 10:18:53 PM |
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I monitor bitcoin easily changing and the price can change at any time, the government does not dare to legalize bitcoin, the government considers bitcoin property and not currency.
That needs to be changed cause it is far from a reason why it was created, supposedly it gonna be used as a currency but people often to consider this as an asset/investment. Anyway, there is something to consider why it never uses as a currency in some areas instead just because it never been supported by their government and don't have establishments accepted crypto as a mode of payment. They'll have nothing to do but to convert it into fiat before they can use it. |
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ghost424
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July 28, 2019, 05:35:26 AM |
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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.
Having a moniker like "Safe Haven" is really alarming. First of all, we know Bitcoin is integrated by using Blockchain Technology which has a high security system but all of other Cryptocurrency is also integrated using Blockchain but they are having news about being hacked, scammed and lost of data. We can never be too sure and that is why we need to stay careful about picking or choosing the Cryptocurrency that we will support and follow. We can still call Bitcoin safe because it is only hacked thru the carelessness of users. |
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emberbekas
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Activity: 1904
Merit: 1000
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July 28, 2019, 02:31:04 PM |
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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.
Many countries have begun to recognize bitcoin as a digital asset. Bitcoin is difficult to be recognized by the government as a currency because the government certainly does not want the dominance of its currency to be disturbed by bitcoin. I think, recognition as a digital asset is good for bitcoin because it will give investors confidence Each country may have different policies related to the currency used as a payment method. Like here, in my place, there is no other currency that can be used as a payment tool except the local currency. Even the mighty USD cannot be used as a payment tool here, let alone bitcoin. So, treating bitcoin as an asset is already the better option for now. |
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bitmutiny
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Activity: 91
Merit: 11
No banking,Only Bitcoin!
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July 28, 2019, 02:42:09 PM |
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What I sit up at night and wonder about is if everything in this world goes to shit and fiat is gone, will we have enough infrastructure left to support btc? Would gold even matter that much?
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bryant.coleman
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Activity: 3654
Merit: 1217
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July 29, 2019, 02:59:58 AM |
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For Bitcoin, there are both advantages and disadvantages. Check these:
Advantages:
1. Can be easily moved from one place to another
2. Protected against inflation
3. Protected against asset seizure (to some extent)
4. Decentralized
5. Can't be banned
Disadvantages:
1. Legality in doubt in the majority of the nations
2. Vulnerable to hacks and robberies
3. Not easily convertible to fiat
4. Not accepted everywhere as a direct payment mode
5. Confirmations take time
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