Is Bitcoin truly a safe-haven asset?

[OgNasty]

Bitcoin is a speculative asset.

[1715161655]

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[Latviand]

in my opinion, bitcoin has a good performance for now, people who buy bitcoin must understand very well about the risks, because it could be that when he bought it in the future bitcoin experienced a drastic decline, but despite so many people who like bitcoin, I am a bitcoin enthusiast but I didn't buy it with all my assets, I also bought a few stable coins.

Altcoins are good also if you want to manipulate other coins than bitcoin. But right now, I don't see any improvement in bitcoin's price due to this pandemic. I know that there are factors that affected it very much, that's why as soon as possible, I think of some other ways where I can make money and earn profits. Sometimes being a wise man when it comes to cryptocurrency will help you grow your assets as you know if the coin that you're holding is safe and will surely give you a bright future. Once bitcoin is in its high price, it will really make you successful enough. Just trust bitcoin and look for another way of finding sources of profit like altcoin investments or trading using cryptocurrency.

[jhonjhon]

Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

[rodskee]

Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

It's you freedom to think and treat bitcoin, if you are positive that this industry will succeed more in the
future, you can start bagging more assets
then you'll just need to wait till everything pumped up and bring you value that you are aiming for your
good benefits.
The advancement still in progress and adoptions are now showing from places to places of the world, we
are unsure though but it's better to start storing then enjoy after.

[maydna]

Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

If he wants to have a safe-haven asset, he can choose gold, and start to invest while the price of gold is not rising. Bitcoin will be still too volatile, and bitcoin have a high risk if he wants to invest his money in bitcoin. He should know that the risk will be there, and he needs to learn how to minimize the risk, so he can still make a profit. But if he can have the patience to wait for a long time, I think he can make a big profit from bitcoin, and we already saw it before. But still, we need to control ourselves if we have bitcoin because the price will always change every day.

[XCANA]

Though, many are against the opinion as seen Bitcoin as a safe haven assets. Bitcoin is volatile in nature and with this nature many stood against it as being a safe haven asset. But, the truth of the whole thing is, the  more the risk the more the profits. With this simple illustration, I considered Bitcoin as a safe haven assets than gold among others. I don't look at bitcoin volatility but always in consideration of my profits when holding or trading Bitcoin.
Everyone with their own opinion on bitcoin volatility, looking beyond this obstacles in bitcoin make it safe haven asset in my opinion.

[slaman29]

Bitcoin is safe in the long term, whatever the return you have (up-down) the risk is held by people who convert their Fiat money into bitcoin, with fear, and not as an investor, if they did it as an investment they knew that there is a level risk, by the way natural of the stock market or trade, not just bitcoin.

Fully support this idea. We keep talking about the present, the short term, and months ahead when Bitcoin is really a proven long term safety net. OK, whether or not it will be good like gold or better or worse, that's all for argument sake but the risk is as you say, for those who invest with fear.

Always put in what you can afford to lose and the fear is gone.

[Kelvinid]

Despite I call myself a Bitcoiner, I'm sure that a term "safe-haven asset" is more about gold, which has been performing well during several crises. And March Bitcoin collapse showed that Bitcoin behaved like stocks under such conditions.

Bitcoin market trend keeps changing always and that is hard to see it correlated to the stock market once it dumps Bitcoin will also dump. We have nothing to compare about gold for its stability unlike what Bitcoin has. The future of Bitcoin still uncertain and that we can't be sure its growth its either it rises or it a dump, but one thing we can be sure about Bitcoin still be existed.
Thus, thinking about the "safe-haven asset", I'm in no doubt to choose gold.

[CarnagexD]

It depends on how the bitcoin holder deals with the market. Bitcoin is really a safe-haven once you are good at manipulating it, once you are effective in making transactions whether to buy or sell, that will give you huge amount of profits. We have different attitude and strategies in holding our assets and it depends on the person if he is willing to invest in bitcoin.

Many of us are still not that good at holding btc and greed is still the number 1 problem. My friend is very afraid about investing in bitcoin but I told him to study about it and months later, he is so determined to have an investment. Bitcoin's price is not that good that time but still he risks his money for his future. So for me, bitcoin is worth it if you try to make it as your investment for your future errands.

[fullhdpixel]

Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.

As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.

Is there any asset that didn't fall during the pandemic? Every asset or stocks I know all decreased in price when the pandemic started. Gold is the only asset that seemed to be strong at first and even before the pandemic started, when there was oil war, the price kept going up but after some time it fell. People do say that gold is a safe haven, so with what happened, are you still going to say that gold is a safe haven?

Bitcoin was on a movement that seemed like a bull run, but took a deep when the pandemic started. Despite that, it still recovered quickly within a short time, that's what matters the most. And besides, the drop even gave us the opportunity to buy BTC at a cheaper rate.

[Ozero]

Bitcoin can indeed be called a refuge if the global economic crisis comes soon. We hope that people will protect themselves from the inflation of ordinary currencies and invest in bitcoin and other potential cryptocurrencies. I think that in the near future we will be able to verify this.
At the same time, as a means of accumulation and value, I would not classify bitcoin as a safe haven. This is very hindered by the high price volatility of bitcoin.

[chikading2016]

Bitcoin is really safe there are so many safe ways to store the bitcoin that we have, bitcoin wallet with a private keys are really amazing, you are the only person that can open your wallet with the use of the private key just put your private key in the safe place, so that there is no other people arround that can get the keys and open your wallet.

[boissonnea]

The current and coming year will be considered a test for all cryptocurrencies to prove their usefulness in the event of economic crises and the collapse of many countries.
If it succeeds, it may be considered the beginning of the transformation of digital currencies as an investment activity,
the countries will begin to impose laws and the beginning of adoption.
it will be a good start.

[Swordsoffreedom]

I think, now Bitcoin is a safe-haven asset. There are a lot of investor in Bitcoin and there are many people who are interested about BTC. Another thing is the demand of BTC is increasing day by day, and you know that the total supply of BTC is limited. so, if the demand of BTC will increase, the price will continue to rise too, at the same time its popularity will be increased. now many countries are trying to legalize BTC. I think, then there will be no doubt about BTC's safety.

[AakZaki]

Maybe(this time) we could say that Bitcoin isn't truly a safe-haven asset but we keep believe in it that it soars high in the future. This simply means that we are looking for the possibility it becomes to be like that sooner or later even though the volatility remains.
However, we can eliminate the risk in crypto and that absolutely we will see until the next generation. But if you are in the doubt about Bitcoin, will that be better to look for a real stock market investment or invest gold instead.

Doubts about bitcoin are indeed a natural thing for some people who are new to bitcoin and know their high voting. but for people who are familiar with bitcoin and have analysis and predictions for the future of bitcoin, they will certainly choose to invest in bitcoin.
The risk will remain and will not be eliminated even in the next generation. Risks can only be minimized or reduced risk on bitcoin by knowing technical and fundamental science. Because this knowledge is useful for analyzing and predicting bitcoin in the future.

Price spikes and price drops will always be there. stay careful and keep an eye on bitcoin.

[dentolas]

I think there are no 100% safe assets, gold is maybe the most safe but it also has it's risks...
It is really hard to tell if Bitcoin would resist a global recession, it would be the first time that there is an asset with bitcoin characteristics facing a major global recession against all traditional assets, it would depend a lot on adoption, regulations and the true use case of bitcoin (meaning if holders keep it for it's "store of value" characteristics or for use in daily payments, or simply keep holding it for speculatory purposes)
I guess this is one of those questions that only time will be able to answer

[yurgee]

This subject has been discussed a couple of times before. Nonetheless, I will share my take on it.  Bitcoin is not a safe haven asset (at least not for now) but it certainly won't go down the drain with  other traditional market instruments. Bitcoin is actually bigger than most people think it is. Given the opportunity, Bitcoin would perform better than traditional assets. So far so good, Bitcoin has held its ground.

Who remembered the market crash sometime in march? Where traditional assets plunged hard? Yes. Bitcoin did too but It has fully recovered from that loss.

It is becoming clear that those that position Bitcoin as a safe-haven asset are only interested in shilling their bag

[XCANA]

Am not saying that bitcoin isn't a speculatives asset but that even being such, still have the potentials of be a safe haven asset. I have been  here with bitcoin and have equally studied the ecosystem to find out that, on a long-term purpose, bitcoin is a safe haven even being a speculative asset. For those who actually invested into bitcoin  some five years should be in agreement with this.

[DevilSlayer]

Am not saying that bitcoin isn't a speculatives asset but that even being such, still have the potentials of be a safe haven asset. I have been  here with bitcoin and have equally studied the ecosystem to find out that, on a long-term purpose, bitcoin is a safe haven even being a speculative asset. For those who actually invested into bitcoin  some five years should be in agreement with this.

Sorry mate but it seems that you misunderstand the concept of a safe haven. A safe have is an asset that have strong value where its price will not be affected by negative emotions in the market like fear and doubt especially when there is a recession that is happening. The price of the bitcoin drops really bad and it proved that its value is purely affected by the fear which is not a characteristic of a safe haven asset. The risks are too high especially because of its unusual price movement.

[suhadi88]

I don't guarantee that Bitcoin is a completely secure asset. But Bitcoin also has many benefits such as:
1. P2P Transfer instant.
2. You can transfer anywhere (same difference in gold, Bitcoin can be transferred everywhere).
3. In addition, transfer costs are very low.
4. Trading profits are enormous.
And many more advantages.

Then I returned again to the main topic that this asset has a high risk. You save in a Bitcoin wallet also has a risk. But all, of course, have to be careful and the keywords are kept in place offline.

Bitcoin trading is a high-risk activity, prices heavily influenced demand, even global news can also affect the price movement of Bitcoin, so before you buy or invest, think well.