Bitcoin as Safe Haven?

[rodel caling]

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.

Yeah you had point on that mate but of course people are looking for positive  that bitcoin get recovery again  in the right. Speaking of stable income we need to work regularly investing in bitcoin need to wait and patience when we can get profits for our daily needs.

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[kawetsriyanto]

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. ~snip~

How do you determine "safe"? Stable price? or the price is rising every time?
You must know that the Bitcoin price is volatile since no institution controls how much the price should be.
While If you need coins with a stable price, then you must choose stable coins like USDT, not BTC.

Remember that the decline creates an opportunity for everybody to get cheap assets. Then, it will make some gaps, when the price rises someday.
So, why you are afraid of the drop in price? It should increase again someday. shouldn't it?

[squatter]

How do you determine "safe"? Stable price? or the price is rising every time?

He seems to think economic and political unrest should precipitate rising prices.

I'm not even sure how confidently we could apply that thinking to the most reputed "safe haven" asset, gold. Gold declined 45% from 2011-2015, though I'm sure one could point to times of political/economic upheaval during that period too.

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.

Let's not be disingenuous. Almost every block is larger than 1MB now because of Segwit's block size increase.

Limiting block space is literally the only way to ensure that fees replace the initial mining subsidy, as the design entails. If you're not willing to compromise, there's always BCH, BSV, or an endless list of other altcoins to choose from.

[Ailmand]

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.

One good way to shill. 😂 what are you expecting from crypto, ever since it had been created and gained fame the price had always been volatile and no one can speculate what might come next since the who market is driven in an open market. If you had been here for too long you would not depend all your hopes or money in crypto knowing how the market is.

[CryptoBry]

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.

Just one answer: You are looking at the price of Bitcoin for this week or maybe even for this month. Zoom out, look at the price of Bitcoin for the last, let's say, one year or even the past five years, and you can appreciate how Bitcoin has grown a lot. You see, while there are others who are calling Bitcoin as a safe haven that term is only applicable if you are holding long-term (maybe 5 years of holding) and not for those people who are doing it short-term (just months) as Bitcoin is definitely a very volatile digital asset. Until the time when Bitcoin can get away from its sometimes extreme volatility, we can not say that it is on the sale level as the real gold (the most popular safe haven asset). As what I am saying, just enjoy the ride of this roller-coaster.

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...

Not all chaos can produce positive effect for Bitcoin. Any conflict or any upheaval political or economic in nature must lead to an upward demand for Bitcoin for it to influence the price of this asset. Now, if a particular war (just an example) is creating a big demand for bullets, bombs, grenades, tanks and even nuclear bombs then it will not have any effect on the price for Bitcoin. If we can make a campaign in conflict areas for people to buy Bitcoin because there is a big war coming, then maybe we can help the price of Bitcoin to go up even to $500,000 just like what some famous crypto personalities are predicting.

[blckhawk]

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%.

There are no safe havens. Bitcoin is volatile, it may keep your funds but it won't store it as is. It would lose, or gain, some money and that's not guaranteed. The only way it becomes a safe haven is because you cannot be tracked if you don't provide KYC. It's price is unpredictable, wars are only a factor but the magnitude they can affect the crypto-market really depends on the people and their knowledge of cryptocurrencies. There are still much more factors to consider to conclude the bitcoin's price movement.

[AniviaBtc]

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%.

We should know how the bitcoin behaves in the market. Bitcoin can use in the black market doing unnecessary things. It price goes down and down and down because of low demand. It has nothing to do with decentraland. It is about the market and the demand, for further knowledge try to check the graphs. 

[Eugenar]

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%.

if your basis is being safe thru market price if bitcoin, well I might say, safety in bitcoin relies in the underlying security features it has, in order to secure funds and make all the transactions safe and secured. Basically, a huge market price is considerably a bonus for bitcoin, but what is important is its reliability in every aspects.

[Artemis3]

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%.

Ask yourself the same question 10 years from now, and you will understand.

Wars tend to destabilize economies, in the regions where its occurring, but it also fuels the non affected economies. The conflicts you mention are very local and some are non issue, ie. Hong Kong is simply some people angry with their government and their government will squash them, period. Not unlike the 1% protesters of New York nobody remembers anymore. Turkey and Syria is quite old news, Syria has been in a state of war for years in parts of its territory. All their neighbors will do business as usual, and in fact some even profit with the misery of others. And no one cares for Haiti or my country for that matter, the Caribbean is boring.

What you ask is not even Bitcoin related, but market related. Why markets behave the way they do. For Bitcoin its fiat price is something external, Bitcoin will work just fine no matter how much or how little people are willing to exchange their fiat coins for it.

8k something that was worth zero 10 years ago? I say this is a triumph.

[Mandoy]

It does not mean that if there is crisis such as war bitcoin will benefit from it. Also if we look at the bigger picture what moves these middle east countries are the oil. The thing that will be directly affected by the conflict in those area will the value of oil but not bitcoin. People in the middle east is so focus on oil and dollar exchange and that they are not into cryptocurrency thus the conflict on middle east have no or less impact on bitcoin.

[Yaunfitda]

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%.

It's because bitcoin give a shit to what's going on around. And there is no correlation whatsoever so world events, sorry to burst the bubble for you. And remember that bitcoin is only a speculative asset, so why would someone hold their wealth on such investment as volatile as bitcoin.

Maybe just a few percentage of population as putting their wealth on bitcoin as store of value or safe haven. But majority are trading bitcoin to make more money, simply as that.

[Murat]

Nothing is heaven in this planet, If you want to stay heaven then you have to be dead, No other thing is Heaven, Bitcoin is a decentralized digital currency, it has the market trend where the price faces ups and downs on a regular basis, It's supposed to be a normal case for this platform, there is no connection with Syria, Irag, and other disorder area's act, So I didn't find any positive view from this thread, If you have wanted to relate the safe Heaven with the Price then that is different criteria, but I think the price volatility is not a new topic in this platform so far, so price decline is not a bad thing for every aspect, you can invest in Bitcoin at a low rate so you may create your own heaven.

[Edraket31]

Nothing is heaven in this planet, If you want to stay heaven then you have to be dead, No other thing is Heaven, Bitcoin is a decentralized digital currency, it has the market trend where the price faces ups and downs on a regular basis, It's supposed to be a normal case for this platform, there is no connection with Syria, Irag, and other disorder area's act, So I didn't find any positive view from this thread, If you have wanted to relate the safe Heaven with the Price then that is different criteria, but I think the price volatility is not a new topic in this platform so far, so price decline is not a bad thing for every aspect, you can invest in Bitcoin at a low rate so you may create your own heaven.

That's right, it is just one way for us to have a convenient in making transactions, hustle free, stress free, as well as can do investment. Agree with you, heaven is a different scenario, should not put in this kind of topic as we can't see heaven here in our planet, all of us have freewill here and we all know that we will all die someday, so it will be up to us what we will do in our life here on Earth.

[goaldigger]

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 has nothing to do with the economy of many countries, and it doesn't mean that if there's a crisis in one country, investors will automatically shift their money to bitcoin. We have to understand that bitcoin is still new, and the adoption is still low and that is why bitcoin is down as well. You have nothing to worry about because bitcoin is still stable around $8k - $10k and I believe when the bear market is done, the value of bitcoin will become a good place for investors.

[error08]

Bitcoin is still far away to be claimed as a safe haven, look at the volatility.
If you want to buy assets in which the price will not decline sharply in a short time, just buy the gold bar.

Bitcoin can't save a country in war or chaos such as mentioned, it just a medium of exchange, can't be eaten and useless if there's no one want to sell their food for bitcoin.

Nothing is heaven in this planet, If you want to stay heaven then you have to be dead

I'm literally laughing out loud reading this  

[Ridwan Fauzi]

Yeah, there are many people who have a convince that the economic situation will meet a bad phase since there is several countries which can give an influenced against the economic situation on this world. Such as China and US, until now the both countries is indeed have an ability to change the economic situation in this world and recently I have read some information in some medias that the bot countries will meet a trade war. So as some people (I just guessing who has a convince to this situation is bitcoin user/crypto user as a whole) have a prediction that this situation will affect to bitcoin price since the bitcoin system is decentralized and there is no one who can be able to change it.

In theory I believe this situation is indeed will affect to bitcoin price. And also, for those who know bitcoin too will move their asset into it. But I doubt for those who hasn't known bitcoin, most of them won't take any action to buy bitcoin but they will buy some assets such as proverty, land and etc because to buy bitcoin they will just add another risk. So, I just guessing for those people who says that bitcoin can be included as safe haven then it is just for bitcoin user itself nor for them who hasn't been known it. And this is the reason why bitcoin hasn't meet an increasing price even it is price just decreasing.

[Darker45]

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%.

This post would have really meant something had you not inserted in all caps decentraland (mana), that comes especially with a praise while discrediting Bitcoin, and a link as well.   As it is, this post is nothing but a sheer shilling for the aforementioned altcoin.

Anyhow, perhaps the wars are too small for Bitcoin's price to be on fire as well? Suppose the wars are happening on a larger scale, say World War III, would you suppose the price will also rally in strides?

[gandame]

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).

Yes true bitcoin is not really stable if someone invest in bitcoin i know that they will know and understand what they are entering.
Bitcoin can not be safe haven because the price is not stable and we don't know what is the next price of bitcoin.

[Gotumoot]

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 falling but if you look at the bitcoin chart from then on you will see how it can recover and rise. The problem is that we don't know how to be patient and we don't know enough about bitcoin.

Bitcoin will not be a safe haven if you do not know how to use it.

[Kakmakr]

Ok, not all bad news is good for Bitcoin. 

Yes, political conflict has a negative influence on global markets and then these investors start looking for safe havens to hedge against potential losses on the stock markets, but Bitcoin has lost almost 80% of it's value and that might have scared some investors, so they might be hesitant to hedge their losses in a commodity that can lose 80%+ of it's value within a year. 

Bitcoin has recovered slightly since the beginning of 2018, but it is nowhere close to the ATH of $18 000+ that it was back in 2017.