Bitcoin as Safe Haven?

[cryptozink]

If Bitcoin is supposed to be a safe haven, why is BTC price keeps going down, down, and down while the world is on fire. The news that Turkey just invaded Syria should be positive news for Bitcoin. Oh, Iraqis going at it, Hong Kong, Haiti. What's going on folks? In a sea of red today, DECENTRALAND (MANA) price is up 4.5%.

[bobdk]

I realise that BTC has gone down a bit this past week and hasn't been bullish for a while now, but isn't it a stretch to say it keeps going down? I'm no trader but the price action seems pretty sideways and has been for a long time.

What's the connection to Decentraland?

[chaoscoinz]

If Bitcoin is supposed to be a safe haven, why is BTC price keeps going down, down, and down while the world is on fire. The news that Turkey just invaded Syria should be positive news for Bitcoin. Oh, Iraqis going at it, Hong Kong, Haiti. What's going on folks? In a sea of red today, DECENTRALAND (MANA) price is up 4.5%.

 Safe haven by no means, never go all in hoping for security, it's a foolish way to lose the shirt off of your back. Bitcoin is in the regulation stage at the moment, I do believe that if we want the market to grow naturally  then we need a seamless integration with institutional investors and regulatory authorities. As of right now the guidance from the law bodies are coming in slowly. The IRS just issued a guidance recently, something a lot of people have been waiting on. There is also the SEC, their the guys cracking down on the ICO's that could potentially be considered as securities. Also there is the CFTC and the treasury as well.
    I really can't think of all the big governmental bodies involved, but the more guidance issued, the easier it will be to navigate safely and compliantly.

Just my two cents, off course!
Take it with a grain of salt and remember to practice you're Due Diligence!  

[cryptozink]

It's just weird. Every time the "good" cryptos are doing back, some sh*t coins are doing good. I'm trying to see if there's a pattern.

I realise that BTC has gone down a bit this past week and hasn't been bullish for a while now, but isn't it a stretch to say it keeps going down? I'm no trader but the price action seems pretty sideways and has been for a long time.

What's the connection to Decentraland?

[Immakillya]

Safe Haven for criminals and who don't want centralization. Bitcoin is used and  dry popular mode of payment in the darkweb. They are free to collect funds without being revealing themselves. Bitcoin is not a safe Haven for people wants stable income. No it doesn't work that way. Because we all know how the market behaves.

[Kyraishi]

This is a weird post, look your advertising your own project, decentraland.

Bitcoin's price isn't really known to be stable, and anyone who uses Bitcoin for a safe and stable investment really doesn't understand the industry at all.

It's seen as something that's good against the government due to the decentralised aspects of it (governments can't regulate it).

[Wysi]

Safe Haven for criminals and who don't want centralization. Bitcoin is used and  dry popular mode of payment in the darkweb. They are free to collect funds without being revealing themselves. Bitcoin is not a safe Haven for people wants stable income. No it doesn't work that way. Because we all know how the market behaves.

I beg to slightly differ from your opinion but these are too harsh word because bitcoin was coded as a mean of hassle-free transactions without having to pay huge commission to government or third party and to have a control over our fund without the interference of government but it's sad to see how things have changed and it's going into wrong hands like criminals, smugglers and all.

[Lauren Smith]

Safe Haven for criminals and who don't want centralization. Bitcoin is used and  dry popular mode of payment in the darkweb. They are free to collect funds without being revealing themselves. Bitcoin is not a safe Haven for people wants stable income. No it doesn't work that way. Because we all know how the market behaves.

I beg to slightly differ from your opinion but these are too harsh word because bitcoin was coded as a mean of hassle-free transactions without having to pay huge commission to government or third party and to have a control over our fund without the interference of government but it's sad to see how things have changed and it's going into wrong hands like criminals, smugglers and all.

That guy doesnt know what he is talking about. Dont pay any attention. Bitcoin is a technology it cannot be blamed for how it is used. If someone kills another with a hammer, you cannot blame the construction workers or the hammer. Passing blame doesnt help. I hate when criminals abuse things, thats when law makers want to interfere.

[ovcijisir]

I wouldn't call it safe haven, at least for now. It may be when (and if) the price stabilizes, but no one can tell that for sure. Probably when enough people start using it.

[Pearls Before Swine]

If Bitcoin is supposed to be a safe haven

Bitcoin is not supposed to be, nor has it ever been, a safe haven.  If the stock market crashed tomorrow, nobody in their right minds would start moving their money out of stocks and into bitcoin.  Metals and bonds and probably real estate too are supposed safe haven assets because their volatility is relatively low.  By contrast, bitcoin (and altcoins as well) are about as volatile as an investment can get.

I wouldn't call it safe haven, at least for now. It may be when (and if) the price stabilizes, but no one can tell that for sure. Probably when enough people start using it.

The price is never going to stabilize to the extent that investors start thinking of bitcoin as 'safe'.  It's a ridiculously risky investment whether you realize it or not.

[Oceat]

This is a weird post, look your advertising your own project, decentraland.

Bitcoin's price isn't really known to be stable, and anyone who uses Bitcoin for a safe and stable investment really doesn't understand the industry at all.

It's seen as something that's good against the government due to the decentralised aspects of it (governments can't regulate it).

I agree it is a total weird post because OP is promoting his website with the decentraland project.

I know that Bitcoin has been suffering too much from the bearishness of it since last year and the altcoins too. With the high volatility of Bitcoin it can't act as a stable coin itself.

[squatter]

If Bitcoin is supposed to be a safe haven, why is BTC price keeps going down, down, and down while the world is on fire. The news that Turkey just invaded Syria should be positive news for Bitcoin. Oh, Iraqis going at it, Hong Kong, Haiti. What's going on folks?

I'm really not convinced about this theory that war and economic upheaval are good for Bitcoin. Price discovery for Bitcoin began in 2010, so it's existed -- and flourished -- under very positive economic conditions. Continued growth, bullish stock markets, etc. If it's done so well under these conditions, what makes you think it would benefit from economic uncertainty?

There are very few assets (if any) that perform well during financial crises. A decade into this grand experiment, I don't expect Bitcoin to be one of them. Plus, Bitcoin went up over 300% earlier this year. Some decline should be expected no matter what the broader economic conditions are.

[th3nolo]

Safe Haven for criminals and who don't want centralization. Bitcoin is used and  dry popular mode of payment in the darkweb. They are free to collect funds without being revealing themselves. Bitcoin is not a safe Haven for people wants stable income. No it doesn't work that way. Because we all know how the market behaves.

It all depends on your perspective if we evaluate Bitcoin only based on its last high of 20K$ we will probably get to your conclusion but if we put aside the price and evaluate it on its characteristics, it's a safe haven.

Imagine something that cannot be inflated, that cannot be controlled by any entity, that cannot be censored by any government.

Well, Bitcoin has all those characteristics, so before you speak against Bitcoin, learn about it.

Edit: typo

[lobat999]

@OP, where did you get this idea? I think whoever had suggested this into you  about Bitcoin being a safe haven might be joking! How can BTC become a safe haven when we see its  regular price fluctuations which could be scary for someone planning to move their assets safely? This is ridiculous or maybe you are just plugging one of your stash for added exposure? 

[acroman08]

If Bitcoin is supposed to be a safe haven, why is BTC price keeps going down, down, and down while the world is on fire. The news that Turkey just invaded Syria should be positive news for Bitcoin. Oh, Iraqis going at it, Hong Kong, Haiti. What's going on folks? In a sea of red today, DECENTRALAND (MANA) price is up 4.5%.

Bitcoin IS a safe haven. I guess it's only a matter of what it is that you or each of us consider bitcoin a safe haven for? because for me bitcoin being separate from the
government control is enough for me to call it a safe haven I'm there are more thing to add as to what make bitcoin as a safe haven. I also consider bitcoin as a safe haven
for traders,risk takers etc.. since they take advantage of bitcoin's volatile price.

[MicroGuy]

Bitcoin isn't a safe haven, it's a hot mess.

Thanks to Blockstream we have 1 MB blocks and a network that's been converted into an L2 custodial system and settlement layer.

[serjent05]

That guy doesnt know what he is talking about. Dont pay any attention. Bitcoin is a technology it cannot be blamed for how it is used. If someone kills another with a hammer, you cannot blame the construction workers or the hammer. Passing blame doesnt help. I hate when criminals abuse things, thats when law makers want to interfere.

You can if the construction worker is the killer but nevertheless hammer should be innocent of any charge oh well if you disagree, can we charge the hammer of being an accomplice?

Anyway, I don't think that Bitcoin is a safe haven, it is just a technology being used and manipulated by people.  It is just a tool and whether it will be a safe haven or not depends on the peron or group of person manipulating it.  Even those in the dark web are not safe using Bitcoin since it is traceable.

This is a weird post, look your advertising your own project, decentraland.

Bitcoin's price isn't really known to be stable, and anyone who uses Bitcoin for a safe and stable investment really doesn't understand the industry at all.

It's seen as something that's good against the government due to the decentralised aspects of it (governments can't regulate it).

I got the same thought but it seems OP is just comparing Bitcoin and that decentraland.  One of the best in cryptocurrency and one of the worst (probably), showing us the contradiction.

It's just weird. Every time the "good" cryptos are doing back, some sh*t coins are doing good. I'm trying to see if there's a pattern.

[gentlemand]

If Bitcoin is supposed to be a safe haven, why is keeps going down, down, and down while the world is on fire.

Who fooled you into believing that?

It has the potential some day to be a safe haven. Until then it's the same old speculative toy it's always been. I guess it's a good hook for pumpers to lure someone in for long enough to rip their knickers off.

[Slow death]

If Bitcoin is supposed to be a safe haven, why is BTC price keeps going down, down, and down while the world is on fire.

when the price was $1000 they kept wanting it to rise in price and the price increased to $5000 in a few months, then temporarily dropped to $3000 and started complaining. the price went up to $7000 and they kept wishing the price to go higher, the price went up to $19000 and they kept wishing to price up more. the price drops to $3000 and they started complaining.

my question:

What would be the ideal price for people not to complain?

[lobat999]

If Bitcoin is supposed to be a safe haven, why is BTC price keeps going down, down, and down while the world is on fire. The news that Turkey just invaded Syria should be positive news for Bitcoin. Oh, Iraqis going at it, Hong Kong, Haiti. What's going on folks? In a sea of red today, DECENTRALAND (MANA) price is up 4.5%.

Bitcoin IS a safe haven. I guess it's only a matter of what it is that you or each of us consider bitcoin a safe haven for? because for me bitcoin being separate from the
government control is enough for me to call it a safe haven I'm there are more thing to add as to what make bitcoin as a safe haven. I also consider bitcoin as a safe haven
for traders,risk takers etc.. since they take advantage of bitcoin's volatile price.

I don't think so! But for the sake of argument, based on what you've stated, its true that it cannot be controlled by any Government. So assuming that an investor bought Bitcoin on its ATH and kept it a cold wallet for long term hodling, and today he'd decided to sell it! Now, will he be thinking its a safe haven when he'd realized that  more than half of the value of his BTC was lost? I doubt he will!

Then I would also assume he would try to hodl it again and wait a little longer and hope it will regain its ATH just to make a break even with his original investment - praying for a bull market to come soon. In this scenario, I don't think he will ever think again that Bitcoin is a safe haven as possibly as it could. Imho.