viennemariela
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Activity: 21
Merit: 1
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January 23, 2020, 07:37:51 PM |
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In a thing, there is what we cal pros and cons. It is indeed true that Bitcoin is a safe haven for your money. Because it is a cryptocurrency, it is easy to keep, record, and it will also boom in the future. However, there are certain circumstances that one should be wary. For instance, putting all your money in one place especially in Bitcoin is a big no. Technology is not only a tool to help people but to damage them.
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Whoever mines the block which ends up containing your transaction will get its fee.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Bagaji
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January 23, 2020, 08:53:58 PM |
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Btcoin has demonstrated to be a store of value and it is definitely a safe haven for any fiat. If there is any bad news like war, what big institution rely on is to convert their capital into Bitcoin which makes it act like a safe haven
You sounded as if, if there is war today internet will still remain and you are very much aware that Bitcoin cannot be transferred to second person without the use of the internet. We pray there should not be war any where in the world and I don't see Bitcoin as a safe heaven for now but let see what will happen in time to come. |
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batang_bitcoin
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January 23, 2020, 09:55:02 PM |
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Good question, Bitcoin is certainly a safe haven for storing money, but this security also depends on you.  Depends on the person who's holding bitcoin because it must be him that will look into his investment whether it's a safe haven for him. But if he thinks that it's not then it's not but if he thinks that it is, then it is. Safe haven in a way when a war triggered and all of the damages will be done in different assets that we have, real estate and traditional investments that we have will also be affected. |
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electronicash
Legendary
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Activity: 3080
Merit: 1049
Eloncoin.org - Mars, here we come!
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January 23, 2020, 10:13:41 PM |
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its a safe heaven for me. the internet is the future of many things including the money. the said that there is no historical data that BTC will be considered a reliable safe haven asset but didn't BTC started with few cents before it goes up to $8 right now? it even spiked up to $20k to some markets.
you can't think of any assets that started out with few cents and goes up more than 5000x over the years non stop. they interview the wrong person here.
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Pinkris128
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January 23, 2020, 10:38:26 PM |
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In my own personal opinion, bitcoin is really a safe haven asset for your money because it is one of the best ways to store your money and making it as an investment that it could give you a good profit in the long term, but there are still risk in storing your money in bitcoin that you should know first that it could go down if bitcoin's price is also going down.
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The Sceptical Chymist
Legendary
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Activity: 3332
Merit: 6826
Cashback 15%
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January 23, 2020, 10:46:08 PM |
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Why must WE watch it? You just watched it, couldn't you give us a summary of the information provided?
That's the first question I asked upon seeing OP's post, and I'm not clicking on that link because of that. Glad I'm not alone in being annoyed by these threads that are basically just links. It's a valid topic of discussion, but anyone starting a thread like this ought to start up a discussion with their own views. Anyway, there's no way I would ever consider bitcoin a safe vehicle to hold money in if I were saving it for the future (as in a retirement fund). The obvious reason for that is because of its volatility, which is what determines whether any asset is a safe one or not. I've seen bitcoin drop 20% or more over the course of less than a week, and I'm pretty sure it's had even wilder rides than that. Safe haven assets are those that are relatively stable and ideally at least beat the effects of inflation--like gold & silver are supposed to do. These people here who are just saying "yeah, bitcoin is good safe haven" aren't really thinking about it IMO. |
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Maslate
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January 23, 2020, 11:32:55 PM |
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In my own personal opinion, bitcoin is really a safe haven asset for your money because it is one of the best ways to store your money and making it as an investment that it could give you a good profit in the long term, but there are still risk in storing your money in bitcoin that you should know first that it could go down if bitcoin's price is also going down.
For me, bitcoin is not totally a safe haven for my money because of its own high volatility. We may gain huge profits from investing in bitcoin but it will be gone also in just a blink of an eye. It's good to invest just a partial amount of your money in bitcoin as long as you can afford it to lose. |
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Google+
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January 23, 2020, 11:40:37 PM |
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In my own personal opinion, bitcoin is really a safe haven asset for your money because it is one of the best ways to store your money and making it as an investment that it could give you a good profit in the long term, but there are still risk in storing your money in bitcoin that you should know first that it could go down if bitcoin's price is also going down.
For me, bitcoin is not totally a safe haven for my money because of its own high volatility. We may gain huge profits from investing in bitcoin but it will be gone also in just a blink of an eye. It's good to invest just a partial amount of your money in bitcoin as long as you can afford it to lose. if bitcoin is used as a safe place for money then i think it could be possible at this time but someday the price of bitcoin will definitely collapse when there are cases that make many people no longer believe in bitcoin and it is called investment risk or risk when storing at bitcoin, by the way, the opportunity to save money in bitcoin is very good because with a very limited supply while demand is increasing from year to year will have a good influence on the price will definitely increase and when you save your money in bitcoin it can give a lot of profit. |
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Savemore
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January 24, 2020, 02:02:49 AM |
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If you will ask many people they will say it is a safe heaven for them but for me bitcoin is not safe heaven. There are only two safe heaven for me and it is gold and the real estate. I called it safe heaven because I can guarantee that my money will not be vanished. Bitcoin has unpredictable movement and it is the reason why my view to it isa high risk investment.
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3la9l_kolbaCa
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January 24, 2020, 02:42:09 AM |
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If you will ask many people they will say it is a safe heaven for them but for me bitcoin is not safe heaven. There are only two safe heaven for me and it is gold and the real estate. I called it safe heaven because I can guarantee that my money will not be vanished. Bitcoin has unpredictable movement and it is the reason why my view to it isa high risk investment.
It's undeniable that the risk was always there on every investments, but we shouldn't generalized it by having mindset on bitcoin all alone. Fiat investments also had this kind of risk, though it involves physical business but we didn't have assurance on how long a business will remain productive. Due to competition, every established figure on a business firms could be feasible on having bankruptcy. Bitcoin is only good for one shoot of an opportunity, and after that you need an diversion of your profit to find other ways to earn a better income. |
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pinggoki
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January 24, 2020, 03:12:01 AM |
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Yeah I think Bitcoin could serves as a safe haven but not all the time. Based on study what I have read even the gold itself that is commonly used as a safe haven has not performed as good as always and that would be the same as for Bitcoin. There are some person whose see saw it as a safe haven especially if those person are willing to take the risk but if not then I guess gold will pretty much better for you.
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DevilSlayer
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January 24, 2020, 03:34:57 AM |
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If you will ask many people they will say it is a safe heaven for them but for me bitcoin is not safe heaven. There are only two safe heaven for me and it is gold and the real estate. I called it safe heaven because I can guarantee that my money will not be vanished. Bitcoin has unpredictable movement and it is the reason why my view to it isa high risk investment.
It's undeniable that the risk was always there on every investments, but we shouldn't generalized it by having mindset on bitcoin all alone. Fiat investments also had this kind of risk, though it involves physical business but we didn't have assurance on how long a business will remain productive. Due to competition, every established figure on a business firms could be feasible on having bankruptcy. Bitcoin is only good for one shoot of an opportunity, and after that you need an diversion of your profit to find other ways to earn a better income. Some major institutions will say yes about bitcoin as a safe heaven investment where they are saying thay they can make profit by just holding it. All of investment have different level of risks and bitcoin is not a safeheaven for me because of its fluctuations. I see bitcoin as investment where I can make money in short period of time. I'm a day trader and there are always opportunity to make profit in the market. |
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breathlessz
Member
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Activity: 770
Merit: 12
Trphy.io
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January 24, 2020, 03:39:45 AM |
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If you will ask many people they will say it is a safe heaven for them but for me bitcoin is not safe heaven. There are only two safe heaven for me and it is gold and the real estate. I called it safe heaven because I can guarantee that my money will not be vanished. Bitcoin has unpredictable movement and it is the reason why my view to it isa high risk investment.
It's undeniable that the risk was always there on every investments, but we shouldn't generalized it by having mindset on bitcoin all alone. Fiat investments also had this kind of risk, though it involves physical business but we didn't have assurance on how long a business will remain productive. Due to competition, every established figure on a business firms could be feasible on having bankruptcy. Bitcoin is only good for one shoot of an opportunity, and after that you need an diversion of your profit to find other ways to earn a better income. Some major institutions will say yes about bitcoin as a safe heaven investment where they are saying thay they can make profit by just holding it. All of investment have different level of risks and bitcoin is not a safeheaven for me because of its fluctuations. I see bitcoin as investment where I can make money in short period of time. I'm a day trader and there are always opportunity to make profit in the market. every day you fight with the market. different from investors who hold in the long run. I guess the bitcoin paradise is just a figure of speech and an expectation, because the possibility is clear for the future that no one knows, of course if we can wait in the long run, it's likely to get big profits. |
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Eugenar
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January 24, 2020, 04:12:38 AM |
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Yeah I think Bitcoin could serves as a safe haven but not all the time. Based on study what I have read even the gold itself that is commonly used as a safe haven has not performed as good as always and that would be the same as for Bitcoin. There are some person whose see saw it as a safe haven especially if those person are willing to take the risk but if not then I guess gold will pretty much better for you.
Investment platforms could really serve as a safe haven for currencies when time comes such as recession happens. But to consider gold and bitcoin, if people see the value out of it, it is the time they could consider it as a tool to store their money into. But in my opinion, Bitcoin being safe haven isn't really the best possible idea to consider, because of its market volatility and its nature of being a digital currency, it doesn't really have any intrinsic value. One possible big hack event could possibly make the market compromised so I stand still with Gold as a better safe haven for our funds. |
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tungaqhd
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January 24, 2020, 04:18:31 AM |
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In my point of view, Bitcoin is not a safe haven for my money because buying Bitcoin is like making an investment. You might lose money if the price drops or lost everything if your wallet is hacked. |
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Anora2020
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January 24, 2020, 04:34:14 AM |
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No, Bitcoin is a safe haven for your money. For the person that you know how to deal with it, how to make money with Bitcoin. When the correct time to buy and sell this is for short term business but in long term business, I don't think so because bitcoin is high volatility it is high risk if you dont Know how to handle your money possibility loss. I don't think that is safe haven.
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iram3130
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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
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January 24, 2020, 04:51:24 AM |
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Another Click bait thread for his own video.
Anyways, Bitcoin is not Safe Haven for your money. If mass adoption takes place which might take another decade then we may think about being a safe haven as we will be able to spend it worldwide for anything. Right now its only a risky investment with a brighter future.
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maydna
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January 24, 2020, 05:38:43 AM |
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Bitcoin is not a safe haven because of the fluctuating price, so we cannot say that it is safe for your money. When someone wants to invest his money in bitcoin, he must know that investing in bitcoin will have risk, and that risk is about the changing of the bitcoin price that will always happen every day. When people don't know about the risk behind bitcoin, then they should be careful because, in the bitcoin journey, they will see the price will be up and down. If they want to use bitcoin as the investment, then before they invest their money in bitcoin, they need to learn about the risk, so they don't surprise with what happen to bitcoin later.
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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January 24, 2020, 06:11:25 AM |
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I don't know why anyone would think that Bitcoin is a safe haven. Bitcoin is good investment but it's risky and because of volatility there is always possibility that you lose money, especialy on short term.
Bitcoin is not some kind of savings account where your money will be kept safe, if you think that then Bitcoin isn't the right choice for you.
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yulionoo
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CryptoTalk.Org - Get Paid for every Post!
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January 24, 2020, 06:51:28 AM |
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in my opinion bitcoin is not a safe place to save money. but bitcoin has become the most profitable investment tool than other investments such as stocks or mutual funds. so if we want to invest, bitcoin will be the best choice. but if we want to save wealth or money then it's better in gold, land or property. These three types of investments are safe because the prices do not fluctuate and tend to increase.
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