Is Bitcoin a Safe Haven for Your Money?

[dothebeats]

This is a no-brainer. Any investment can be a safe haven only during the time of its hype and the craze surrounding it. After everyone shifts their attention into something else, the status of the said investment being a safe haven expires, and the value of it will soon crumble and fall. The article does not describe the intricacies of what a safe haven should be, and alluded only to the thought that bitcoin is the best place to put your money at, period.

Would be lovely to see an unbiased article for once, highlighting the cons and not the pros because the internet has already had enough of that.

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[sapnu]

Bitcoin investments may either go bad or wrong and it really depends. Not only about bitcoin, each and every crypto currency investment could go very good with good profit while in other hand, there's a risk investing into them.

Yes, because Crypto prices are volatile, it is very risky if we invest with Crypto, especially with Bitcoin because the price of Bitcoin always changes with a short time, But you can also get multiple profits in just a short time. That is Investment in the world of Crypto. Full of risk but also full of profit.

Bitcoin is indeed a really good investment and it is a safe haven for your money. But as you have said, it is still depending on the situation but that situation may be a bad season only for bitcoin because since the prices are volatile, meaning it is changing as time passes by, there are times that the price is pumping but there are times also that the price are dumping. There are investments that are long term in which you are depositing your money into a particular project and the time of earning is not too fast for you because you need to wait for a particular season in which that project must have high volume in the market and especially it has a big value in the market.

[smartbitcoininvestor]

There is no one safe haven for your money. If you want to be a successful investor, diversification is important so that you can survive all economic conditions. Most billionaires have a plethora of investments in their portfolios including businesses, stocks, real estate, art, oil, precious metals, and crypto.

[darewaller]

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

Judging from the price movement I would say that it is quite good, I will give it about 50% to 60% safe?
But, it is not everyone that will be able to have that level of patience, there are people that gave up along the line and especially now that Bitcoin price is high some people wouldn’t like to be taking that risk.

Everything has been going fine since the last decade, but what about the next? Do you even know if it’s still going to be the same? If you can invest and have that level of patience of waiting for a really long time, then it’s good and if you’re lucky there might be a bull run within a short after you have invested and the price would go up.

[Driggers95]

There is no one safe haven for your money. If you want to be a successful investor, diversification is important so that you can survive all economic conditions. Most billionaires have a plethora of investments in their portfolios including businesses, stocks, real estate, art, oil, precious metals, and crypto.

Agree, bitcoin has been identified as a place to invest money and when we become an investor, there is no safe place when we bet on something, Bitcoin is even more dangerous than other investment places, when we invest in stocks and real estate, we will at least have clear sources of information and artifacts. While investing in bitcoin is only a virtual currency and is not monitored by the government, information can be leaked and corrected, fraud can occur, the only benefit is a profit beyond imagination

[Assface16678]

When you find your wallet is safe, then it is true that bitcoin is a safe haven for your money. A simple hack can cause entire money to be stolen or transferred. To this people used to have separate wallets for long term holding and separate wallets for regular usages. Very few could've never been caught in the hands of scammers and traps, so even if something has happened we need to learn how to secure further. As things gets advanced, so is the security.

Crypto currency is one or the most secured platform because no one control or owned this and also it has a good security because all of the transaction happens are encrypted and this is good for having a secured investment and wallet. One of the common thing why does the people say that the crypto is not secured because of the hackers, but still, only professional hackers can do that sometimes the mistake why does the wallet being hack is our fault too like browsing into the unsecured website and using third party application to our device by this the hackers can steal our information and trace our ip address that may cause of hacking. Always be conscious about the security of our devices even the wallet is secured.

[ballerin and giroud]

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!

You are right for this, but you should have be carefull also when you have bitcoin. I don't say bitcoin is not safe heaven, but you need to look arround espcially your government regulation. Bitcoin price could be fall in price if all government in around the world try to ban it and your will gone. It would be possible if bitcoin price back to zero value if all government do that but I'm not expected it. But in this situation where there are many countries who still accept bitcoin I'm sure bitcoin is really deserve to say as a good investment place. But I still doubt to say that bitcoin is safe heaven place because there many consideration to say it.

[fiulpro]

Well it actually depends upon the fact when are you investing and how much are you investing if you are investing a lot at the wrong time then I would strongly suggest against it because most of the times the Bitcoins , they go down really easy and people have to either encash at a lower point or either wait for a long long time .
If you are comfortable with waiting then ofcourse you can do it whenever you want but if it goes against your financial situations then you should understand and study about the market and then Make a right decision.

[imstillthebest]

There is no one safe haven for your money. If you want to be a successful investor, diversification is important so that you can survive all economic conditions. Most billionaires have a plethora of investments in their portfolios including businesses, stocks, real estate, art, oil, precious metals, and crypto.

Agree, bitcoin has been identified as a place to invest money and when we become an investor, there is no safe place when we bet on something, Bitcoin is even more dangerous than other investment places, when we invest in stocks and real estate, we will at least have clear sources of information and artifacts. While investing in bitcoin is only a virtual currency and is not monitored by the government, information can be leaked and corrected, fraud can occur, the only benefit is a profit beyond imagination

Somehow I believe these.
If anyone is under control of your money like it is in an account or something, the safety isn't guaranteed. Looking outside crypto, even those who had invested in banks probably aren't even safe. The security admin in it has the absolute control of the data stored in the establishment, and that's why they're really highly paid.

bitcoin is dcentralized and there are also decentralized wallets   .

 youll  choose those so that you can assure that you have a full controll in your coins and your accounts security  .  but bieng online is not safe  .  you better secure your coins on a offline decentralized wallet or hardware wallet . i still dont know if you can still hacked but the only threat is how you handle your harware wallet because there are natural accidents where your wallet can be in dangered  .

[bryant.coleman]

Bitcoin isn't absolutely safe haven for money because of its price volatility. But can anyone know what is 100% save for investment?

Each and every asset out there is volatile. If you want to go for a stable asset, then you need to invest in treasury bonds. Everything else, including gold, real estate, stocks and even antiques are volatile. But the level of volatility vary from one asset to another. Cryptocurrencies are a bit more volatile compared to the others, because the market has not matured yet. On top of that, the daily trade volumes are quite high when compared to the total market capitalizations. For assets such as gold, the daily trade volumes are less than 1% of the total market cap, and this keeps the volatility in check. But with Bitcoin and the other cryptocurrencies, it is not possible.

[LUCKMCFLY]

~snip~

According to the Book of "A Random Walk on Wall Street" diversification is usually a very interesting topic, the bad thing is that the book is from the year 1970 and although its advice is excellent, the economic reality is very different, by that time, the Bonds was a safe way of investment, but after the 2008 crisis where they mostly say that the fault was with the banks, they claim that another crash will occur again. Given this, for now the best diversification lies in Real Estate, Gold and Bitcoin, they are the best options in terms of diversification, and in terms of more ease of handling bitcoin influences as the best option.

[chip1994]

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

In fact, he had a pretty good idea about bitcoin in the future. what he said was completely grounded. The beginning signs for WW3 between the US and Iran have made gold and bitcoin simultaneously grow. And even more praiseworthy, the capitalization of bitcoin has actually increased and bitcoin dominance has increased dramatically over the past few days. it shows that there are new investors here and willing to buy bitcoin. If this continues in the long run, I believe the crowd will soon accept bitcoin as digital gold in the future. And then we will have 2 options to retain our fiat money.

[beerlover]

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

Bitcoin is a good investment, but I wouldn’t call it a safe haven because there are risks and you can lose your money at any time. Bitcoin is a volatile investment, though it has proven to be quite good on a long term, depending on when you invested. Those that got in at the lowest price usually make good returns after they have Hodl for very long time.

It takes proper analysis to predict when the price would be at the low and you get in and hold till it increases. If you’re looking for safe Investments you should be looking at gold, silver, lands. Land is a good asset, and I do invest in it and where I live they are worth really big when you sell them after a while. Was definitely worth the investment.

[Latviand]

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.

Just to clear things out, Bitcoin is a digital currency and is more of an investment due to its 'active' market value. If it is safe haven, go for bank accounts because in such way you won't lose money unlike in Bitcoin wherein there are changes in its market value from time to time which serves as a risk unless you are using Bitcoin to earn profit someday as its market value is growing. A 'safe haven' is meant for securing something, meaning there are no risks of 'losing' it.

[cytpoway121]

For me personally, i do not see bitcoin as a safe haven for my money. I see bitcoin as a long term investment option for my money.

While i recognize stable coin like usdt or tusd as safe haven though for short terms

[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!

You are right for this, but you should have be carefull also when you have bitcoin. I don't say bitcoin is not safe heaven, but you need to look arround espcially your government regulation. Bitcoin price could be fall in price if all government in around the world try to ban it and your will gone. It would be possible if bitcoin price back to zero value if all government do that but I'm not expected it. But in this situation where there are many countries who still accept bitcoin I'm sure bitcoin is really deserve to say as a good investment place. But I still doubt to say that bitcoin is safe heaven place because there many consideration to say it.

It seems to me that bitcoin is government resistant because the more government try to ban it, the more popularity bitcoin gain, and if government want to control it, then better for bitcoin, because that is just another level of attention bitcoin could get from government and it will keep thriving in a positive way for holders, with or without governments.

[nutella_11]

The article is linked to a video, you should watch the video first. Yeah but true that any cryptocurrency is never safe to store and for life savings. only people who have strong balls who dare to invest all of their money to cryptocurrency. But in the end if it's running well, they will have a lot of profits compared to any safer investment

Hell yes, cryptocurrency is never safe to store your life savings. It is only safe if you use the proper cryptocurrency exchange. Not every exchange is safe and reliable. I recommend to use one of the most well-known exchanges like for example Kraken or CoinDeal. The second one even has the VQF Swiss License. Another thing is the way you store your coins... The best way is to store them in the hardware wallet. Then you can feel safe, but as I've said there before - it's not the best way of storing life savings.

[LUCKMCFLY]

The article is linked to a video, you should watch the video first. Yeah but true that any cryptocurrency is never safe to store and for life savings. only people who have strong balls who dare to invest all of their money to cryptocurrency. But in the end if it's running well, they will have a lot of profits compared to any safer investment

Hell yes, cryptocurrency is never safe to store your life savings. It is only safe if you use the proper cryptocurrency exchange. Not every exchange is safe and reliable. I recommend to use one of the most well-known exchanges like for example Kraken or CoinDeal. The second one even has the VQF Swiss License. Another thing is the way you store your coins... The best way is to store them in the hardware wallet. Then you can feel safe, but as I've said there before - it's not the best way of storing life savings.

From a security point of view for Bitcoin funds, the cold wallet is always recommended, the Exchanges are also safe in some ways, there will always be vulnerabilities, for the issue in general, cryptocurrencies or bitcoin in this case it turns out to be Very safe at the moment in countries with high inflation and with everything that has triggered in China by the epidemic makes people rely more on Bitcoin as a safe haven.

[nicster551]

Absolutely no, we all knew the risk in investing in cryptocurrency so we cannot called it safe haven when we invest in bitcoin. Though I fully believe in bitcoin and that it will become mainstream in the future, I still think there are risk on investing on it. There is still a chance that bitcoin will not do good in the future. But if I will to choose, bitcoin or altcoins then obviously I will go with bitcoin. As per investing in cryptocurrency bitcoin is the safe haven and not an altcoins or stablecoins.

[Oasisman]

I read the article and seems not so detailed.
But here's what I can say; Bitcoin is not safe haven for my money.
Because I do believe the risk when I started to buy Bitcoins and store it for long term.
Although I already know the risks, I am still supporting Bitcoin, why? Because I am not just totally into the money will return of Bitcoin, but it's also for innovation or technology behind Bitcoin.

it is better not to store Bitcoin on exchanges.

The user on the above comment didn't even mentioned about storing his Bitcoin on an exchange, and the issue/concern in the topic isn't about the security of the exchanges but the security of your money invested in crypto space generally.

i think Bitcoin is not safe. Market can be crashed any moment. So, it's better if you avoid this. Thank you.

No investment is safe specially if you don't know what kind of investment/market you're into. It's never wise if you avoid investing in Bitcoin as well.