Is Bitcoin truly a safe-haven asset?

[cabron]

It's a safe haven asset because it can't be taken away from you as long as you have the private keys. It is not mainly because of the price that the reason why it's considered safe haven.

Volatility works in both ways, it could go up and down. No one shouts Volatility is bad and very risky when the price goes up but they only do it when the price goes down.

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[Prettyjing34]

In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.

[Barry Mantle]

In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".

[btc-room101]

In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".

There is physical gold in your hand and their is ETF faux 'GOLD' on paper, where 100x paper is traded over holdings. Not unlike USDT which only holds 3% of its assets as USD, thus its really a USD derivative, just like GOLD is a derivative and not the real thing.

So what is BITCOIN, well its  Valued in USDT which is 97% scam, ergo BITCOIN is not a 'safe haven', its a 'scam haven'.

Bitcoin at best can be called "Digital GOLD", where "GOLD" here means the GOLD-ETF, and not the real thing.

There is only one gold, and that the gold in your hand, under your control.

Bitcoin is just a number, backed by bullshit and conmen and liars.

It's important to remember if > 3% of the BTC community were to sell for hard currency, the entire system would fold, which is why everyday they tell morons to HODL.

[wendy sy]

This is a good question. Let me talk about it from the perspective of asset allocation: If you have a large amount of funds, and Bitcoin accounts for 10% or even less than 5% of your assets, it is a safe-haven asset; if it accounts for 30% or more, it It is risky assets. The only free lunch in investment is diversification. Whether an asset is a risk or hedging depends largely on its weight in the asset portfolio. The black swan event can turn low-risk assets into high-risk investments.

[AicecreaME]

Every investment vehicle and mediums of exchange have their own risks. There's no absolute safe haven for someone to store his fund because every platform has their own pros and cons.

I think the reason why the majority keep on calling bitcoin as safe haven because they experienced its benefits and they know its potential. Maybe investing and trading in bitcoin worked for them, hence, they consider it as a safe platform to put their funds. However, we can't change the fact that bitcoin is still a speculative asset. People must still diversify to avoid losing everything at once when things go chaotic.

[Lorence.xD]

I think most investment have inherent risk and I don't think that bitcoin is going to be considered as a safe haven asset because bitcoin is volatile and no people would want their money lose 50% in just a matter of day even if they hold for long-term because panic will still set.

[Obito]

In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.

As long as you don't mind the risk of volatility and your investment getting cut in half because of a sudden dips that are known to happen everyday to bitcoin then you might say that it is a safe asset but if you factor the risks, I don't think that it's going to be called a safe haven asset.

[Jenny Z]

Bitcoin is essentially an encrypted digital currency. Because the upper limit of issuance is 21 million, and based on the underlying technology of the blockchain, decentralization, distributed ledger, non-tamperable and other characteristics, it is considered scarce and not affected by market fluctuations. . Based on these technical characteristics, Bitcoin can compare the value attributes of gold and has the value of trading and circulation. This is considered from the value of Bitcoin itself. Now, many institutions and money have poured into the Bitcoin market in large quantities, and the entire Bitcoin price is soaring. Bitcoin shows more of its investment attributes. Price fluctuations are affected by the currency market. Large money enters the market frequently and prices will rise. This is based on the investment properties of Bitcoin and is affected by market fluctuations. But any product must return to the value itself to consider. The essence of Bitcoin is an encrypted digital currency, which is used for transactions, and the investment attribute is not a long-term manifestation of value.

[Ararbermas]

Its too easy to say bitcoin is a safe heaven since it's not the same with other assets wherein very unpredictable. Yes in my opinion because with bitcoin if you ride through good new only it will always can guarantee to make huge profits, even long term as its very promising ever since before .. But the risk is still too high if you will not become aware on each and every situation that always happened around the crypto space, wherein unless if you're a long term holder of bitcoin it doesn't matter..

[7788bitcoin]

There is physical gold in your hand and their is ETF faux 'GOLD' on paper, where 100x paper is traded over holdings. Not unlike USDT which only holds 3% of its assets as USD, thus its really a USD derivative, just like GOLD is a derivative and not the real thing.
So what is BITCOIN, well its  Valued in USDT which is 97% scam, ergo BITCOIN is not a 'safe haven', its a 'scam haven'.

I do accept that USDT is a scam coin and when they get into trouble by the authorities we might see a major correction but you need to understand that there are other stable coins in the market and many are trading using fiat currencies that are used to purchase Bitcoin and do you have any solid data to show that majority of the Bitcoin is held and purchased using USDT.

The market is open for your interpretation as well and if you are not interested in investing no one is forcing you to invest in it but you cannot blame the entire Bitcoin market because you feel different from the rest of the investors and i believe you did not invest a dime and hence the FOMO  .

[Kittygalore]

If you want to earn money? Yes. If you want to save your money, then invest in stablecoins or gold.

Exactly, the volatility of bitcoin is what keeps it from being considered a safe haven asset. Maybe if you have the patience to wait for long when the prices rally really high then probably it's a safe haven asset for you.

[ROSE B]

Yes, he has his own unique advantages, and his own characteristics make him have his own value. He has many believers who have given Bitcoin a lot of power and made the value of Bitcoin very precious.

[gwestcot]

In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".

There is physical gold in your hand and their is ETF faux 'GOLD' on paper, where 100x paper is traded over holdings. Not unlike USDT which only holds 3% of its assets as USD, thus its really a USD derivative, just like GOLD is a derivative and not the real thing.

So what is BITCOIN, well its  Valued in USDT which is 97% scam, ergo BITCOIN is not a 'safe haven', its a 'scam haven'.

Bitcoin at best can be called "Digital GOLD", where "GOLD" here means the GOLD-ETF, and not the real thing.

There is only one gold, and that the gold in your hand, under your control.

Bitcoin is just a number, backed by bullshit and conmen and liars.

It's important to remember if > 3% of the BTC community were to sell for hard currency, the entire system would fold, which is why everyday they tell morons to HODL.

Gold has been confiscated countless times in history. With Bitcoin I can hop across borders with my private keys backed up through a multitude of ways and there is nothing anybody can do to stop it. That is the biggest difference. The physical nature of gold compounded with most people buying from online dealers are its weakness. Not to mentions its heavy AF. 

[BETTY B]

Yes, Bitcoin is a safe-haven asset.
When we say that Bitcoin is a “safe-haven asset”, we mean that it can hedge against the risks of bank bankruptcy, government credit crises, and long-term over-issuance of legal currency in the short term, rather than hedge against the risk of shrinking various assets when the economy is down.

[Expecto]

For long-term investments, yeah. I definitely think it is a safe-haven asset. Because we have witnessed many times how much Bitcoin price increased in some years. For this reason, I absolutely save Bitcoin also for the future.

[SoeNan89]

The trade name must have profit and loss, therefore Btc is a global currency trading, where traders in crypto can suddenly get rich, and vice versa.  Although now the price of btc is very low but btc is still playing a good role in terms of price.  Because success is not in favor of everyone, but everyone can achieve it in their own way.

 Quite a lot of owners of btc assets have complained, because the price has decreased and there are still many business people who like the decline in the price of btc, so that he can buy when the price is low and sell it when the future price is doubled.

[NicNacCoin]

In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.

Hey guys I agree with you but some volatile issues sometimes bitcoin a great threaten to investors and traders. Yesterday Bitcoin price dumped to $29k when it seems to me a threaten because I already invested bitcoin when it was $40k .

[Fortify]

Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.

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.

It feels like it is impossible for Bitcoin to ever become a safe haven asset, because while it has shown resilience against bugs and hacking attacks, it lacks the key ingredient of stability in the price. People who buy gold will see peaks and troughs in the value of it, however if you go back long enough then you see a baseline trend going upwards. Since Bitcoin has only been around for just over a decade, it is almost impossible to judge that base line valuation. It's hardly a "safe haven" if you buy in at $50k and when you need to go spending it, the value has dropped in half. Things like cash accounts or bonds are the real safe haven people think of when discussing secure assets that are fairly predictable even if inflation will slowly eat them away.

[Lordhermes]

In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.

Hey guys I agree with you but some volatile issues sometimes bitcoin a great threaten to investors and traders. Yesterday Bitcoin price dumped to $29k when it seems to me a threaten because I already invested bitcoin when it was $40k .

I see Bitcoin price to be unsable, the price rises and falls. It currently trading at $33k. But don't be panicked about the price. I will advise you have patience and hold your Bitcoin. Predictions have been made that Bitcoin will hit 100k or more before the end of the year. I believe Bitcoin will trade at a higher price very soon.