Is Bitcoin a Safe Haven for Your Money?

[avatar_kiyoshi]

Bitcoin is an alternative choice if the other safe haven assets is difficult to get, there are a list of safe haven assets that might be a better choice i.e gold, yen or franc swiss.

Bitcoin volatile price become a frightening specter for investors who have just been involved in cryptocurrency investments, but the value is impossible to become a zero because it's fundamental supply and demands.

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[gabmen]

Bitcoin is an alternative choice if the other safe haven assets is difficult to get, there are a list of safe haven assets that might be a better choice i.e gold, yen or franc swiss.

Bitcoin volatile price become a frightening specter for investors who have just been involved in cryptocurrency investments, but the value is impossible to become a zero because it's fundamental supply and demands.

Hence it's a safe haven for anything at all. You place your money in bitcoin and you put it in more risk that keeping it in fiat especially if you don't have any clear idea about what you're getting yourself into. If you're thinking about the current financial system failing and that bitcoin is where you can convert to, you also would need to consider the risks of such venture. It's more likely that your money's value will fall before what you're expecting in the financial market happens.

[wack slacker]

I think that if I store Bitcoin in the next 5 years, the value of the coins I spent will be more likely to generate profits than losses.  I myself have experienced how fast Bitcoin has grown in the past.  Based on analysis and evaluation, the value of Bitcoin will soon reach a new record high.  I strongly believe in Bitcoin.

[Warkop]

This is just in my opinion, investing with Bitcoin is indeed very safe and very profitable in the future, but only for people who really understand cryptocurrency and Blockchain methods, maybe this is not recommended for beginners to invest in Bitcoin because investing in Bitcoin is very risky high for beginners but if a beginner wants to invest in buying Bitcoin, it must be accompanied by friends or relatives who you truly trust and also understand about cryptocurrency.

[djsugar]

Long term? Yes.
If you look at Bitcoin historic chart, the price has done pretty well in 10 years. Some insane returns. But it is equally volatile. But at the same time , it is free from any kind of centralized control and hence, hyperinflation is not possible because of bad policy decision. So it will be better to make long term investments in Bitcoin with the money you will not need within few years. It should be extra money you would want to grow.

[ballerin and giroud]

If you pair up among bitcoin and gold of course it will be far to happen although it is depend on our opinion. Because the safe heaven itself is depend on ourself opinion as well. According me, safe heave is something like you can reach the target as you wanted. Like when you have target profit example $20000 for investing in bitcoin then when the price of bitcoin has reached that price I will say bitcoin is safe heaven. It doesn't matter how long its price will be reached by bitcoin. How do you see gold? Is it because of its shape or maybe because of something rare? I think no, you will see gold in its price. So, bitcoin is on proccess to be safe heaven place although it will need some decade but it will happen in my opinion.

[Asmonist]

So far its a safe haven for money. Of course we cannot deny to get worried or not confident about it but I guess its all about taking risks. We must be wise to how much we keep for it and well its really a trend nowadays. There are no assurance to safety but we just trust the process. Monitoring and constant checking is helpful to keep us updated of the possible outcomes.

[dimonstration]

I consider Bitcoin to be a safe haven and also an investment. I know that it has some risk but I believe that it will gain value over time as it goes mainstream.

All investment is risky, it is really up to us how we will consider it as safe haven. If we will focus on watching up and down or by knowing that someday mass adoption will happen and we are lucky to be a early adoptors,that will soon to be benefitted on it. We should not worry too much on bear market, just find ways to earn on it.

[huige007]

So far its a safe haven for money. Of course we cannot deny to get worried or not confident about it but I guess its all about taking risks. We must be wise to how much we keep for it and well its really a trend nowadays. There are no assurance to safety but we just trust the process. Monitoring and constant checking is helpful to keep us updated of the possible outcomes.

As traders are in a constant fear of losing their assets, so in a traditional way investing in a safe haven is one that offer less risk, in other way in which price constantly rises. Surely at the present time, Bitcoin is a safe haven as its price is increasing. Beside that it offers you an assured safety, but it is the safest and secure form of currency. The risk factor in this market is not unique, risk is involved in every type of business.

[suvo05]

The risk element is always present in the bitcoin as it does in the other investments too. But some smart and calculated move make will give profit easily. As the bitcoin is a virtual thing so it depends totally on how people think about it and how much did they trust bitcoin. For the last decade, people have shown enough trust in it and lots of people are joining to the list. There is very high chance that the value gets higher day by day( even the bitcoin algorithm is designed in such a way). But it happened in the past that a sudden bad news about the bitcoin affects the bitcoin market heavily, at such time a holder should keep his confidence and patience.

[qiwoman2]

It all depends on how much of your money is in Bitcoin. I like Bitcoin but would not bank all of my investment portfolios in it, although I earn my salary in Bitcoin. I prefer that we keep a basket of diversified assets, as this would limit risk and is the most sensible thing to do, as the price of Bitcoin is pretty volatile. We need to exercise wisdom and caution when thinking about parking our hard-earned money in any asset class, and Bitcoin is no exception. Everything we do in this life is not risk-free, so we just have to weigh the pros and cons and act accordingly.

[LogitechMouse]

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

I disagree with this.

Many knows that Bitcoin is very volatile and is more volatile than the stock market. There are no investments that is considered "Safe Haven" since all of them have risk. It will depend on the investor if how  much money he can risk in his investments. There are no safe haven investments so to answer your question "Is Bitcoin a Safe Haven". My answer is no. Bitcoin can give you huge profits in the short run compare to other investments like stocks and bonds but at the same time, it can give you huge losses too if the price of Bitcoin goes down very hard or your positioning is bad.

[senne]

Safe haven is anything that can save your money in tough market situations. For fiat that can be hyperinflation. Bitcoin is itself a really volatile currency. If you had invested in 2017, then 2018 and 2019 price figures didn't increase the value of your money. But had you invested in 2018, then 2019 and 2020 returns would have made sense. So, not an even returns. I won't call Bitcoin a safe haven if it isn't for very long term investment. It is more of a trading asset good for short term gains.

[boris singer]

Safe haven is anything that can save your money in tough market situations. For fiat that can be hyperinflation. Bitcoin is itself a really volatile currency. If you had invested in 2017, then 2018 and 2019 price figures didn't increase the value of your money. But had you invested in 2018, then 2019 and 2020 returns would have made sense. So, not an even returns. I won't call Bitcoin a safe haven if it isn't for very long term investment. It is more of a trading asset good for short term gains.

the best part is that bitcoin does not face any policy pressure to continue to grow, and fluctuations can still be monitored comfortably. The most important thing is how bitcoin outperforms fiat in this matter. Speaking of safe haven, the priority is to remain for the long term, so bitcoin is the best alternative as a digital asset that can be accessed anywhere without having to engage with institutions and the interests of the country's economic sovereignty.

[Sanugarid]

So far its a safe haven for money. Of course we cannot deny to get worried or not confident about it but I guess its all about taking risks. We must be wise to how much we keep for it and well its really a trend nowadays. There are no assurance to safety but we just trust the process. Monitoring and constant checking is helpful to keep us updated of the possible outcomes.

As traders are in a constant fear of losing their assets, so in a traditional way investing in a safe haven is one that offer less risk, in other way in which price constantly rises. Surely at the present time, Bitcoin is a safe haven as its price is increasing. Beside that it offers you an assured safety, but it is the safest and secure form of currency. The risk factor in this market is not unique, risk is involved in every type of business.

There will always be a risks when money is involved and since crypto is a digital money, it is riskier because scammers are everywhere. Market is unpredictable but if you study every information and learn how to invest or buy safely you can really earn but it still depends on the project and on the market's condition. It may be a long term profit but it is worth it if you risk your money in a good and planned way. Bitcoin is really a safe haven for your money because bitcoin is a good investment that you can earn with your knowledge to be used. Years have passed and still there are people who really believes on what they are doing is really worth it in the future. Do not lose hope and keep on supporting and making money with cryptocurrency. Patience is the answer to your everyday question why market is still not rising up.

[carlisle1]

Nice video and the article!
https://cointelegraph.com/news/is-bitcoin-a-safe-haven-for-your-money
Must watch

for me its a YES,safe heaven for my "Extra" money not the totality ,this is how i treat Bitcoin investing mate,putting all my extra money and let the others for my family and besides all my investments here are also for their future. i am just preparing their assets in the adoption of crypto currency in the whole world.

of course bitcoin is not an investment asset that provides security to put all the money we have on it. because bitcoin has a very fluctuating character and cannot guarantee to always be beneficial to its users. therefore, as much as possible before we can put the money we have into bitcoin, at least we must know all the risks that will be faced later

all the investments place needs assessments and study first before putting Money lol,because if you invests without learning everything inside then you are just wasting your money.

[Lauren Smith]

Why not keep half gold coins and half bitcoin? No matter the direction of the market bear or bull you can adapt to the situation and turn a profit. It is better keeping gold then fiat since fiat depreciates in value over time and gold does the opposite. If you keep gold coins you can sell small amounts of gold for fiat when you need fiat. Otherwise, if bitcoin is doing particularly well you can do the opposite.

[gundala]

Nice video and the article!
https://cointelegraph.com/news/is-bitcoin-a-safe-haven-for-your-money
Must watch

Double clickbait  . It is better to be more focused, OP explains the important points of the article and video, so that we can more easily carry out discussions and if there are things that need to be understood then include the link. That's more polite I think.
I also could not take the main points of the article and had to open the video for more detailed information. But it seems that I can understand the meaning a bit, so I'm just saying that Bitcoin is a high risk, so nothing is really safe, we have to be prepared to face all risks, theft, hacking, fraud, etc.

[NavI_027]

Nice video and the article!
https://cointelegraph.com/news/is-bitcoin-a-safe-haven-for-your-money
Must watch

Double clickbait  . It is better to be more focused, OP explains the important points of the article and video, so that we can more easily carry out discussions and if there are things that need to be understood then include the link. That's more polite I think.
I also could not take the main points of the article and had to open the video for more detailed information. But it seems that I can understand the meaning a bit, so I'm just saying that Bitcoin is a high risk, so nothing is really safe, we have to be prepared to face all risks, theft, hacking, fraud, etc.

Thanks for saving my time dude . Actually I'm about to open the link already but I suddenly decide to see the last few comments first. But you what, I agree to you. Crypto can never be a safe haven for money savers out there because this market is so volatile. Who would try to save money on such thing? No one of course! Investing to crypto is a risky game, it's either you gain or you lose. If you just want to make your money retain its value then go to the conventional way — the piggy bank; or you can make a savings account .

[USBitcoinServices.Com]

Bitcoin has many more advantages if we compare it to FIAT money. Bitcoin's value is increasing with time, it has blockchain (decentralized databases around the world) backed by algorithms via computers, and not just politicians like FIAT money! Bitcoin has transparency, FIAT money it doesn't have it!