Is Bitcoin truly a safe-haven asset?

[samsul1234]

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.

hello sir, yes I really understand what you are asking, at this time we mostly lost to the traditional bitcoin market, many of us have experienced a lot of turmoil, I also experienced it, maybe in the future there will be a big wave that will shake the bitcoin market

[sapnu]

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.

Your definition of bitcoin would more likely rely on how you use it or how it functions in your life. With regards to bitcoin becoming a safe haven asset, it will also depend on how well you are securing as well as making decisions that protects and increase the quantity of bitcoin you obtain. Over the years, lots of people took risk in crypto investments not only because it is on the trend but because they saw lots of people's life changing over time which makes their trust for it increase even more. Bitcoin's performance will keep on getting better but for now we have to endure the crisis we are facing and be patient.

[Mistafreeze]

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.

There is nothing like safe heaven asset cause all investment on Bitcoin or other cypto are very risky and needed to be previewed with geeat understanding before venturing into it as an asset. Many ignorant and desperate persons had made the mistake of limiting the risks that is involved in Bitcoin and the entire interface. Caution need to be taken to prevent further loses if one had made such mistake in the past.

Bitcoin can be a safe heaven for those who understand the level of risks involved in it and good comprehension of the entire buying and selling pool works. The first time I invested in Bitcoin, I lost all my money maybe I was not equipped with the right information to trade the market. This really made to it tight and start all over again with strict measures to avoid past mistakes.

[Chato1977]

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.

It depends on how you will deal with it, and respect your opinion like what others do.

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.

Let them doubt and let us continue , that's it mate who cares about them as they are not caring for us here?

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.

One thing that i only Know , and that is bitcoin will remain as currency and also giving mea financial freedom.

[blckhawk]

bitcoin is not a safe haven asset, because in bitcoin you can still experience losses if you are not equipped with knowledge when it comes to cryptocurrency and investing. by equipping yourself with knowledge about cryptocurrency and investing, you can protect yourself from losses and you can maximize your profits.

[sherenikaw]

I'm not so sure about save heaven, it's just that all investments have positive and negative sides, as well as bitcoin investments. so it depends on how individuals manage their respective assets. I think investing in bitcoin is indeed profitable compared to other investments but it will take a little longer. if someone believes in bitcoin investment, of course they will do their best to be able to manage their assets well so that in the future it can be profitable.

[ROSERTY]

Bitcoin cannot be used as a safe-haven asset at present. Its price fluctuates and is unstable. Many people oppose it as a safe-haven asset.

But the number of bitcoins is fixed and limited, which can effectively alleviate the inflation problem. With the intensification of global economic problems, Bitcoin's potential performance will get better and better, and it may become a good asset in the future.

[v3liana]

It's not a safe haven as an investment, it's never meant for that. It is a safe haven for those who want to break away from the banks and governments. Although trying to make this more and more difficult, you can still transfer bitcoin to anywhere in the world. And this will always be so.

[imstillthebest]

It's not a safe haven as an investment, it's never meant for that. It is a safe haven for those who want to break away from the banks and governments. Although trying to make this more and more difficult, you can still transfer bitcoin to anywhere in the world. And this will always be so.

maybe it really is a safe haven for the people that invest where bitcoin was still under a dollar because they never lost thier investment but it only growed overtime and maybe not really for the people that are late to invest in bitcoin because they may invest high and the value then declines which can lead to loose of thier investment . there are still countries where governments and banks are powerful over bitcoin and they ban bitcoin so bitcoin is not a saven for the people living in these countries .

[zanezane]

Not totally a safe haven but it's a pretty useful tool so you can weather out thee problems in fiat, I mean any kind of investment that moves your fiat away from inflation is generally much better than just putting it in a piggy bank and slowly lessens it's value to buy goods and services.

[lixer]

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.

Hasn’t Bitcoin gotten to a stage where we can see it as a safe haven? If you look at the value of Bitcoin from 2009 to this 2021 you will see that there is a huge difference. Someone who have invested between this time range would have gotten enough in return, because the price kept increasing from the toll now, while our Fiat keeps decrease in and even got worse during the pandemic.

What do I do understand that during the pandemic a lot of Twitter currencies were affected and that includes Bitcoin, but it wasn’t only for this, because there are lots of other assets on stocks markets that we are affected. Bitcoin has kept going stronger even after all that has happened

[A BLackPearl]

Bitcoin is also risky. Everyone is invested in Bitcoin, just wants to have more money. Some people will put the money in the encrypted currency because of the depreciation of the law. But now more people in encrypting currencies are investors.

[sirminesalot]

Maybe it couldn't be said as safe assets or investment but cryptocurrency is. In terms of security the security of crypto wallet is really high as long as we use it well and don't do anything dangerous on the internet.
In terms of price, i think bitcoin or other cryptocurrency is not that safe but it's the most interesting and promising investment instrument if we saw the price history and i'm sure there many people investing in cryptocurrency just because seeing the growth of the price.

[Nutrient]

We have seen how highly volatile Bitcoin is. For now it’s safe to say it is not completely a safe-haven asset because majority of it’s holders are speculative. It might not survive the first recession but I think it’s too soon to conclude.

[juliepower]

We have seen how highly volatile Bitcoin is. For now it’s safe to say it is not completely a safe-haven asset because majority of it’s holders are speculative. It might not survive the first recession but I think it’s too soon to conclude.

Yes bitcoin is volatile. It is safe but sometimes see every platform has a some risk fraud. In bitcoin also have scammer, fraud, rusks but that does not mean it is not secure or safe it is safe and secure.

[TheGreatPython]

We have seen how highly volatile Bitcoin is. For now it’s safe to say it is not completely a safe-haven asset because majority of it’s holders are speculative. It might not survive the first recession but I think it’s too soon to conclude.

Right now many doubts and feuds around here for this because recently we have not good updates from China and USA just because of this people's spreading things which they want to do for their own sack just because of this we can't say safe heaven for everyone. Even bitcoin's future is uncertain we can't be sure its growth it rises or it a dump, but we sure about one bitcoin still be existed.
 
Few things which are much safer like bitcoin wallets are safer than bank accounts as only owner can access with his password and private key, no one can access brutally.

[qwertyup23]

We have seen how highly volatile Bitcoin is. For now it’s safe to say it is not completely a safe-haven asset because majority of it’s holders are speculative. It might not survive the first recession but I think it’s too soon to conclude.

Right now many doubts and feuds around here for this because recently we have not good updates from China and USA just because of this people's spreading things which they want to do for their own sack just because of this we can't say safe heaven for everyone. Even bitcoin's future is uncertain we can't be sure its growth it rises or it a dump, but we sure about one bitcoin still be existed.
 
Few things which are much safer like bitcoin wallets are safer than bank accounts as only owner can access with his password and private key, no one can access brutally.

I agree with your statement.

With the unpredictability encircling on BTC (to be specific), it becoming safe-haven asset is slowly becoming uncertain due to the recent news and regulations passed on different countries (specifically China). Although this may be the case, El Salvador has recognized BTC as a form of legal tender- to which it sparks another opportunity for countries to see it the same way as the former saw it.

That is why, view BTC as an opportunity for investment rather than a super long-term asset.

[Hasan986]

Bitcoin is currently performing well. Bitcoin is currently the investment of various companies. Tesla is one of them. Different companies are constantly buying it. It can be said that it is a safe investment. Hopefully it won’t come to the Huge dump. The ball goes from different productions. By 2022, it could go up to 2 lac.

[Ryker1]

Bitcoin is currently performing well. Bitcoin is currently the investment of various companies. Tesla is one of them. Different companies are constantly buying it. It can be said that it is a safe investment. Hopefully it won’t come to the Huge dump. The ball goes from different productions. By 2022, it could go up to 2 lac.

Well, though bitcoin is considered a safe haven you must still first understand the risk of it. You have totally mentioned and yes, there is a possible time that bitcoin price will dump depend on the trend outside, depending on the FUD that we always heard and created by them, the problem is possible it will create a panic selling. You need to understand all of these things but yes, I agree that bitcoin is a safe haven. When the fixed supply will running out because the demand has been increased and many people want to buy it now.

[Vaculin]

Bitcoin is currently performing well. Bitcoin is currently the investment of various companies. Tesla is one of them. Different companies are constantly buying it. It can be said that it is a safe investment. Hopefully it won’t come to the Huge dump. The ball goes from different productions. By 2022, it could go up to 2 lac.

Well, though bitcoin is considered a safe haven you must still first understand the risk of it. You have totally mentioned and yes, there is a possible time that bitcoin price will dump depend on the trend outside, depending on the FUD that we always heard and created by them, the problem is possible it will create a panic selling. You need to understand all of these things but yes, I agree that bitcoin is a safe haven. When the fixed supply will running out because the demand has been increased and many people want to buy it now.

The risk is on the way we handle our emotions, if we easily panic, then I must say that we have a problem of holding as if you are not knowledgeable enough, we might easily get panic due to the nature of price volatility of bitcoin, when you are investing on bitcoin, you should always look for long term and don't always look at the price, just believe that it will rise in the long run so your life would be easier.