Mulann2
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 686
Merit: 35
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 09, 2020, 05:25:18 PM |
|
I really don't know what people mean by btc being their safe heaven but to me, No btc should not be considered as safe heaven, maybe I can consider to store my fiat with stablecoin, because even btc has it's ups and downs in most cases, when that time comes you will find yourself asking the question if you made the right decision, In my own humble opinion, don't rely on btc as safe heaven, it might be surprise.
|
|
|
|
Abiky (OP)
Legendary
Offline
Activity: 3304
Merit: 1385
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2020, 06:10:07 PM |
|
By tradition, Safe Haven has always been gold, despite the COVID-19 pandemic, the price has dropped a bit, but not as much as Bitcoin, because gold is mainly physical, it is difficult to move from one place to another, Bitcoin , like the stock markets, falls in the same way, what has been generated globally is panic, in countries with strong crises it does not matter that Bitcoin falls, since prices in local currency continue to rise, in the local economies of some countries if It can be considered as a safe haven, as is the case of Venezuela, that any currency is more valuable than the same local.
Gold has been trusted for a very long time as a safe-haven asset by people in the mainstream world. While it's not as portable as Bitcoin is, Gold has a well-established market that can stand the test of time. On the other hand, Bitcoin is relatively new to the world with only 11 years since inception. It might take quite a long time before people will be able to use Bitcoin as a safe-haven asset in times of turmoil. In some countries where their national currencies are hyperinflated, Bitcoin proves to be an ideal safe-haven asset just like Gold is today. The crypto/Blockchain space needs more time to mature as it's still in its infancy. There's a lot of work to be done both in terms of development and regulatory compliance. At least, many governments are recognizing Bitcoin as legal tender. It shouldn't be long enough before the market gets more liquidity for crypto assets to experience price stabilization. Bitcoin's deflationary model tells us that it should become more valuable than what it is right now, sometime in the future. That's the way it should be if we base ourselves in the rules of supply and demand. But since there's no central authority determining its value, anything could happen. After all, people are the ones who determine how much a Bitcoin will be worth in terms of Fiat. The price is not important if you rely solely on Bitcoin as a unit of account. Wages can be paid using Bitcoin directly, items or services can be purchased with Bitcoin directly, and so on. Remember, 1 Bitcoin will always be equal to 1 Bitcoin no matter what. Determining its price in terms of Fiat, brings more speculation than anything else. Nonetheless, Bitcoin's decentralized and censorship-resistant design allows anyone to use it as a "safe-haven" asset in times of turmoil. It cannot be shut down easily, operates 24/7, and it's independent from the likes of central banks and governments worldwide. And that's what really matters. Just my opinion ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
gundala
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2020, 08:23:46 PM |
|
~Gold has been performing better than Bitcoin and other cryptocurrencies combined. It's odd to see something like this happening today since Bitcoin is a decentralized cryptocurrency. This should make it "immune" from real-world events whatsoever. ~ What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) There are no assets that are immune I think if facing a pandemic that has an impact all over the world. Investors are also ordinary people, certainly also choose to release some of their investments to fulfill life in the real world. Only the durability varies. All investment products declined amid this pandemic. Most people prefer to hold fiat, as a "safe" way to maintain value. This is also the most effective way because of difficult conditions, the need for life must still be fulfilled, while many things are decreasing productivity.
|
|
|
|
malevolent
can into space
Legendary
Offline
Activity: 3472
Merit: 1722
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 10, 2020, 11:57:22 PM |
|
If the coronovirus lockdowns are to last ~2 years until a viable vaccine is researched, mass-produced and globally distributed even Bitcoin might not retain too much of its value. Same goes for gold, silver, etc., it's only physical commodities with wide practical uses or things everyone will need that will still be sought after, e.g. canned food, meds, automotive parts (if fuel is still being delivered to the masses), firearms and ammunition, alcohol, radio equipment, etc.
But some countries such as Taiwan or South Korea seem to be doing very well, so I think we can expect the lessening of certain restrictions. In that case the markets won't crash too much (I still think there's some room for price decreases), some might look to Bitcoin as a safe-haven asset.
|
Signature space available for rent.
|
|
|
KrisAlex18
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 11, 2020, 12:21:48 AM |
|
Even though cryptocurrency is decentralized it is still included for those affected by the pabdemic virus, no one is exempted by the virus all can be affected, all can be broken especially the real life system, our economy goes down because of this virus, there are so many people who gets unemployed and some investors decided to cash out their money because of being afraid that bitcoin may be dean soon because the bitcoin dumping happens so quick.
One factor also is that they need money to support their lives with foods and some other stuffs so they need to pull out their assets. There are also who experienced panic selling.
|
|
|
|
johnny5johnny5
Newbie
Offline
Activity: 35
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 11, 2020, 03:55:48 AM |
|
What cryptocurrency needs is a crypto backed wifi or satellite network that broadcasts an internet signal worldwide so that anyone can freely access the internet.
The only thing that bothers me about any cryptocurrency as a "safe haven" is that its continuance is subject to an open and freely accessible internet.
We all know that governments can and do shut down its citizens' access to the internet and restrict access and usage in other ways.
|
|
|
|
TitanGEL
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 11, 2020, 04:19:07 AM |
|
~Gold has been performing better than Bitcoin and other cryptocurrencies combined. It's odd to see something like this happening today since Bitcoin is a decentralized cryptocurrency. This should make it "immune" from real-world events whatsoever. ~ What are your thoughts? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) There are no assets that are immune I think if facing a pandemic that has an impact all over the world. Investors are also ordinary people, certainly also choose to release some of their investments to fulfill life in the real world. Only the durability varies. All investment products declined amid this pandemic. Most people prefer to hold fiat, as a "safe" way to maintain value. This is also the most effective way because of difficult conditions, the need for life must still be fulfilled, while many things are decreasing productivity. Even gold who widely know as safe heaven are also affected, for me there is no safe heaven assets because all have risks. Bitcoin many people see it as safe heaven and it is really a bad decision if they will invest all of their resources because we all know that the market is so volatile and there is recent crash that happened where it could be happen again in the near future. In this time we should focus on protecting our capital first and remember that cash is also a position in the market.
|
|
|
|
Abiky (OP)
Legendary
Offline
Activity: 3304
Merit: 1385
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 14, 2020, 06:18:18 PM |
|
If the coronovirus lockdowns are to last ~2 years until a viable vaccine is researched, mass-produced and globally distributed even Bitcoin might not retain too much of its value. Same goes for gold, silver, etc., it's only physical commodities with wide practical uses or things everyone will need that will still be sought after, e.g. canned food, meds, automotive parts (if fuel is still being delivered to the masses), firearms and ammunition, alcohol, radio equipment, etc.
But some countries such as Taiwan or South Korea seem to be doing very well, so I think we can expect the lessening of certain restrictions. In that case the markets won't crash too much (I still think there's some room for price decreases), some might look to Bitcoin as a safe-haven asset.
Without a doubt, prices per coin will continue to fall until the coronavirus outbreak fades into oblivion. People will continue to use cash for their daily necessities, since it's widely accepted within the mainstream world (unlike Bitcoin and other cryptocurrencies). This will create a constant pressure on the market, reflecting negative prices not only for crypto but also stocks, precious metals, and more. Despite the price, Bitcoin does well as a decentralized cryptocurrency that's outside the reach of central banks and governments worldwide. People might as well depend on it as a "safe-haven" asset when all else fails. The monetary system is about to collapse, paving the way for Bitcoin and other cryptocurrencies as better options against existing Fiat. I guess that most people haven't realized Bitcoin's true benefits yet. Once they realize that Bitcoin is truly unstoppable, they'd begin to use it more thoroughly. It's only a matter of time before merchants and businesses alike start accepting Bitcoin as payment method. After all, not everyone accepts crypto for daily purchases. The percentage is very minimum when compared to traditional Fiat. In times of turmoil, Bitcoin may not be a safe-haven asset price-wise, but it could be in the sense that's decentralized and censorship-resistant. This means that as long as Bitcoin operates as intended, it could prove to be a viable alternative against existing Fiat which is largely controlled and manipulated by central banks and governments worldwide. With many countries inflating their currencies to "maintain the economy", the future is bright for Bitcoin and crypto as a whole. Nonetheless, let's see how the pandemic further develops within the upcoming months. If the situation becomes worse, you'd expect people to flock into Bitcoin like never before. It has managed to survive many negative events in the mainstream world, which shows us how resilient it is. With due time, Bitcoin will be used as a safe-haven asset just like Gold is today. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
FanatMonet
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 14, 2020, 10:20:09 PM |
|
I would still trust gold in times of crisis, recession, epidemic and similar events. It has long established itself as the best financial instrument during various crises. Cryptocurrencies in my mind have not yet encountered crises of such proportions as they are now.
|
|
|
|
RememberGod
Jr. Member
Offline
Activity: 54
Merit: 3
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 15, 2020, 01:12:31 PM |
|
Bitcoin will never be able to become a "safe-haven" asset in times of turmoil. Or am I wrong? In order for bitcoin to become a safe haven, it should become mainstream money, not less than 1% of people's money. It was a bit of a surprise for me too that bitcoin price dropped so much. The I realized, that such a big fall was caused by investors, not by true believers and long-term hodlers. There are big investors who has a small bitcoin holding in their portfolio. Small for them, but relatively big for bitcoin market. When the stock market started to fall fast, bitcoin was the first one to be sold as a very risky asset in their eyes. Bitcoin may become a safe haven in more years to come, but not till it reaches several trillion marketcap, I presume. Please notice, that gold price also dropped when market panicked. Probably, this is because some people saw the investment opportunities in oversold assets and liquidated some gold positions.
|
Learn bitcoin in 10 minutes easily: (https://bitcoins.menu/) O биткoйнe пpocтыми cлoвaми: (https://bitcoins.menu/ru/)
|
|
|
FanEagle
Legendary
Offline
Activity: 2968
Merit: 1125
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2020, 11:19:06 AM |
|
In times like these I don't really think that anyone will choose Bitcoin as an asset they are going to invest in, unless you have enough money and you just want to buy at a cheaper rate and hold till all these come to an end and the price goes back up again.
Bitcoin is a very good asset, and it's one of my favorite assets to invest my money on, but I don't really agree when people say that it's a safe asset. BTC is a volatile asset, and we all know that, so I don't see why anyone would consider an asset which is volatile to be a safe haven. Talking about safe havens, I would say that the number is gold and it has always been gold on the top spot.
|
|
|
|
Janation
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2020, 01:26:50 PM |
|
I would still trust gold in times of crisis, recession, epidemic and similar events. It has long established itself as the best financial instrument during various crises. Cryptocurrencies in my mind have not yet encountered crises of such proportions as they are now.
The pandemic does not directly affect the market but still, people are having doubts about it. I do agree that I would still go with gold despite the effect of the pandemic on it in the earlier phases of the virus. The price recovered proving that gold is close to that goat investment.
|
|
|
|
Twentyonepaylots
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2020, 01:59:13 PM |
|
In times like these I don't really think that anyone will choose Bitcoin as an asset they are going to invest in, unless you have enough money and you just want to buy at a cheaper rate and hold till all these come to an end and the price goes back up again.
For some reason people can easily choose between gold and bitcoin as an asset, let us assume that they are going to buy during this time, we can simply conclude that they are going to invest with bitcoin since quarantine is still ongoing and they cannot buy gold, bitcoin on the other hand is a digital asset which you can clearly acquire with internet access. Aside bitcoin has a low price compare to past few months, so there is a chance that people will choose bitcoin than any thing else.
|
|
|
|
Abiky (OP)
Legendary
Offline
Activity: 3304
Merit: 1385
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2020, 06:05:18 PM |
|
I would still trust gold in times of crisis, recession, epidemic and similar events. It has long established itself as the best financial instrument during various crises. Cryptocurrencies in my mind have not yet encountered crises of such proportions as they are now.
Gold has been on the scene for quite a long time. In contrast, crypto is just starting to blossom with only 11 years of inception. It's the first time crypto is encountered in a crisis of such magnitude, so we cannot say with certainty that Bitcoin has failed as a safe-haven asset. I believe that we should give it some time to mature within the mainstream world. The fact that it's scarce-by-design, tells us that it should become more valuable over time. With a decentralized and censorship-resistant model, people will begin looking it as a "safe-haven" to existing Fiat which is greatly manipulated by central banks and governments alike. The pioneer cryptocurrency is outside the scope of third-parties, just like Gold is today. Most people haven't noticed this yet, but I believe they will as the banking system collapses in its entirety. The more inflation there is on Fiat, the more people will flock into both Gold and Bitcoin as safe-haven assets in times of turmoil. Nonetheless, it's important to be patient in order to see great results in the future. Bitcoin will always be a valuable cryptocurrency as long as people support it. Together, we can encourage people to adopt Bitcoin as a "safe-haven" asset. Otherwise, it'll be a speculative cryptocurrency with no real use cases for the mainstream world. Let's hope for the best, as the COVID-19 outbreak comes to an end in the mainstream world. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
NicosUK
Copper Member
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 149
Merit: 19
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 17, 2020, 05:51:22 AM |
|
Unless everyone believes government printing money will be a better safe haven versus a fixed amount of asset like bitcoin or other cryptocurrency. Fiat will always cause inflation, while BTC will continue to grow in value coherent or at a higher growth than inflation.
|
|
|
|
Abiky (OP)
Legendary
Offline
Activity: 3304
Merit: 1385
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 23, 2020, 08:56:06 PM |
|
Unless everyone believes government printing money will be a better safe haven versus a fixed amount of asset like bitcoin or other cryptocurrency. Fiat will always cause inflation, while BTC will continue to grow in value coherent or at a higher growth than inflation.
Exactly. The more money is printed by governments worldwide, the higher the inflation will of Fiat will be. I don't get why so many people are still trusting Fiat above anything else in these times of need, as it should be less valuable than it was before. I guess that there is a lot of misconception of how Fiat truly works in the mainstream world. Smart people will choose Bitcoin and Gold than Fiat since they're "safe-haven" assets in times of turmoil. The pioneer cryptocurrency is still in its very beginnings, as there is a lot to build/improve upon it. On the other hand, Gold is much stable and trusted by many people worldwide. Both Bitcoin and Gold are very similar due to their extremely limited supply. Anyone who's looking to secure his/her capital, would quickly resort to Gold or Bitcoin to be prepared for desperate times like the ones we're facing right now. In the meantime, people will continue to rely on Fiat for daily payments. Even with social distancing, the average person can still make use of Fiat online with the help of credit/debit cards or a payment processor like PayPal. We need to give Bitcoin more time until it matures enough for the mainstream world to use. Remember, the crypto market is still small compared to traditional markets like stocks and precious metals. More liquidity and regulations are needed (aside from development and innovation in the space) in order to make Bitcoin in-par with other asset types. As long as we work together to make the crypto world a better place, the time will come when many people worldwide will resort to Bitcoin as a "safe-haven" asset against the traditional banking system of today. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
dansus021
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 18, 2020, 01:59:14 AM |
|
I would still trust gold in times of crisis, recession, epidemic and similar events. It has long established itself as the best financial instrument during various crises. Cryptocurrencies in my mind have not yet encountered crises of such proportions as they are now.
I am agree I think the safe have still be gold the price is actually stable even tho there some price correction right now but the price remain stable, and anyways guys right now there's bunch of crypto backed by gold is the same right to invest crypto and gold at the same time hahah ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
|