Is Bitcoin a Safe Haven Asset?

[gokumarket]

In the ongoing epidemic of the Coronavirus, Bitcoin is considered a safe treasure that has not shown any positive signs of flight. Then the question arises as Is Bitcoin really a safe haven asset?

[dengpei]

Your post is in the wrong section of bitcointalk, here we post only marketplace related services, I suggest that you move it to more discussion related boards such as the Economics and its childboards, Speculation. Here your post is out of place.

[arwin100]

In the ongoing epidemic of the Coronavirus, Bitcoin is considered a safe treasure that has not shown any positive signs of flight. Then the question arises as Is Bitcoin really a safe haven asset?

OP this is not the right section to talk about that matters and kindly move it on Bitcoin discussion board https://bitcointalk.org/index.php?board=1.0 where that is the proper place to talk about Bitcoin future and etc.

[BITCOIN4X]

In the ongoing epidemic of the Coronavirus, Bitcoin is considered a safe treasure that has not shown any positive signs of flight. Then the question arises as Is Bitcoin really a safe haven asset?

You must move these threads to the appropriate board and this must be on the board Bitcoin Discussion.

Then the question arises as Is Bitcoin really a safe haven asset?

Yes, I would say bitcoin is a safe asset if the wallet you use to store a certain amount of bitcoin can be controlled by you and you also store privatekey without anyone knowing. I am sure you also know that bitcoin is an asset that has high volatility so it is not always suitable to save a certain amount of your money if you want a stable amount.

Bitcoin is still quite vulnerable to cases of theft, hacking, or other things that cause harm to its holders. Much user experience has been shared here and almost all of them stem from the mistakes of users or holders of bitcoin itself who fail to maintain the security of the wallet where they store bitcoin. If you want to know whether bitcoin is a safe asset then in my opinion there are two perceptions, namely safe against losing assets and safe from price stability. What do you want ?

[Reid]

Again with the CoronaVirus thing?
Why should it be connected again?

Why not just ask if bitcoin is a good asset as of now?
Yes, it is.
That is how they think by now. Maybe you ought to just do the same. Although it should be in the currency line, because of not much usage it became like gold which will just best to be kept.
You decide.

[kawetsriyanto]

Actually, there is no a safe haven asset. All assets have their own weaknesses and no guarantee for the investors to be rich. Everything depends on how the investors to manage their assets. However, I agree that Bitcoin is one of the safest assets in the world. Even if it has high volatility, but the trend commonly is predictable. Instead, the volatility allows the investors to have a higher chance of big profits.

[avikz]

In the ongoing epidemic of the Coronavirus, Bitcoin is considered a safe treasure that has not shown any positive signs of flight. Then the question arises as Is Bitcoin really a safe haven asset?

Few points to consider before you decide whether bitcoin is safe heaven or not -

1. Bitcoin is nowhere related to Corona Virus. It can't be!
2. Bitcoin's price is super volatile which is not an ideal characteristic for a safe heaven asset
3. Gold works better as a safe heaven

I hope it makes sense!

[pawanjain]

Yes I would consider bitcoin safe if bitcoin is not paired with any fiat currency for payments and is valued in Satoshis.
Cash is anonymous but keeping cash with you is risky since theft can occur any time.
Online payments with fiat is risky too since banks have all your information and can stop you any time from proceeding with your transactions.
Bitcoin on the other hand is safer than these since it is anonymous and is not controlled by anybody except you.
Yes bitcoin is prone to hacking but then they can hack bank accounts as well.

[mk4]

Bitcoin could potentially be a safe haven asset sometime in the future, as it has the important characteristics of gold, along with it's own advantages as well. Not because it's not that good of a hedge right now due to the heavy volatility it doesn't mean that it can't be one in the future. Gotta wait till the liquidity builds up slowly but surely for the volatility to decrease.

[Wexnident]

That's a no for me currently. We all know how volatile the price of BTC is, and you losing money just by holding it doesn't seem well-fitting for the term "safe haven". Additionally, the corona virus has no connection for BTC to be described as a safe haven. It has the potential though, since it has the limited supply that makes its value come to a stand still at a certain point in time. Though it may take a lot of time for that to happen, It still has the potential to, as long as its development is unhindered by some organizations that are set out to stop it from growing.

[coinfinger]

I wouldn’t say that bitcoin is a safe haven. For me, it is just an investment that is very risky and you should invest if you’re ready to take that risk. There are lots of people who are afraid of investing their money in Bitcoin and that’s because they are afraid to lose their money. Bitcoin has less liquidity than most other assets and comparing it to gold, I would say that gold is more of a safe haven than Bitcoin. When I invest in bitcoin, no matter what people say, I still invest what I can risk, and that’s because I know for sure that anything can happen here.

That Bitcoin is volatile doesn’t mean that you shouldn’t invest in it, but invest what you can afford to risk and then invest in other types of assets and stocks to diversify your investment, but not too much, just a few of them that you can easily keep up with.

[serjent05]

If we look at the current price trend of Bitcoin, can you still say that Bitcoin is a Safe Haven Asset?  Those who bought at $10k are already bleeding with their portfolio now.  And a highly volatile asset can't be considered as Safe Haven because we do not know what will happen to our investment in it in the future.

[passwordnow]

Safe in a way that it wouldn't be affected by the virus because it's non-tangible. Like the government of China is worried about, they are about to burn, literally burn the paper money that they have for the potential affection of the virus so that it would no longer spread by simply touching it. About the question bitcoin as a safe haven, as a bitcoin investor I would say it's a yes. You haven't mentioned any other kind of asset to compare with so, I say yes.

[btc_angela]

In the ongoing epidemic of the Coronavirus, Bitcoin is considered a safe treasure that has not shown any positive signs of flight. Then the question arises as Is Bitcoin really a safe haven asset?

Why is people really think that bitcoin or crypto is somewhat related to the current spread of corona virus? And what is the point really? there is no correct response here, it really up to the people, you can also call gold and stocks are safe haven asset for corona virus.

[In the silence]

In the ongoing epidemic of the Coronavirus, Bitcoin is considered a safe treasure that has not shown any positive signs of flight. Then the question arises as Is Bitcoin really a safe haven asset?

Yes indeed, before finley died he never sell his mined bitcoins and gave it to his daughter and grandchildren.

Corona virus wont make bitcoin fly, unless the virus affected workers of our daily remittance payment system.

[20kevin20]

I wouldn't shape an idea based on what has happened yet. Things are still uncertain, people are still in panic. The US stocks market has had its biggest drop in its history and today it just had the biggest rise. All things are too uncertain to give the "safe haven" idea of Bitcoin a shape as of now.

The following months will be very interesting. It will finally be proven for the first time ever what people think of BTC in reality, because I'm pretty sure most of us here are believers in a future of the crypto king.

[carter34]

I think op should doctor the write up and take away corona virus ish. If he talks about volatility and bitcoin safe heaven for investment, then it can be related to.

If we look at the current price trend of Bitcoin, can you still say that Bitcoin is a Safe Haven Asset?  Those who bought at $10k are already bleeding with their portfolio now.  And a highly volatile asset can't be considered as Safe Haven because we do not know what will happen to our investment in it in the future.

This is exactly the point with bitcoin that it is looking as if investment for it could be risky but every investment is risky and so, safe heaven for investment could be a mirage.

[LUCKMCFLY]

The scenario today is complicated, it is known that the only asset par excellence that functions as a safe haven and by history is gold, Bitcoin has participation many times as a "Safe Shelter" on a temporary basis, usually for large-scale inflationary economies. , but in the current case of the global epidemic, Bitcoin may rise at some point, it may work as a safe haven, but not permanently, because volatility is unique.

[Reatim]

In the ongoing epidemic of the Coronavirus,

so here we go again?Corona Virus to be blamed for what is market ongoing drop?

Bitcoin is considered a safe treasure that has not shown any positive signs of flight.

sorry but i can't understand this?what fight do you mean and for what will bitcoin need to be involved?as a treasure this must not be affected.

Then the question arises as Is Bitcoin really a safe haven asset?

depend on how you look at it,and how you trust something.

if you want to believe that this is?so be it but if not then the opposite will come.

[Furious 7]

It's not that bitcoin is not safe, but there is still a weakness. The price is very fluctuating in an uncertain time. There is also a lot of violence happening everywhere, so in my opinion bitcoin is not safe in storing assets for so long, but at times like this, I have no problem because right now tends to positive growth.
When the market economy plummets, then I think the best asset is gold because the stable price and high market value will not be shaken by anyone even though the world is rocking it.