Is Bitcoin truly a safe-haven asset?

[pjwaffle]

Personally, I don't think there's really an asset we can call a safe haven to begin with. There is gold, but it also has some ups and downs. As for bitcoin, it really depends on how you look at it? .no any kind of asset is guaranteed unless you are owning a currency like USD, USDT, ether... also any coin that has a decrease or increase can be stopped working. transaction, nothing can be absolute not even BTC.

[Rufsilf]

I guess it's safe for you to say that bitcoin is a save-haven asset, depends on your perspective or definition.
Truly, bitcoin was made after the 2008 economic crash, it was made to be a currency in the near future.

But on my perspective, I think for now bitcoin is not a safe-haven to hold your assets. Risk is always an issue and this market is so volatile just to uphold your assets and trust it very much, it depends on you ofcourse on how you manage your assets and just to be safe I think everyone have always a plan B incase it doesn't go exactly the way you want to.

[Rajamuda]

Time will be telling it, anyway this is like guessing something that is not certain because of the characteristics of Bitcoin itself, but it does not rule out the possibility that Bitcoin will continue to be in its increasing popularity.
If indeed Bitcoin has many positive effects and plays a more important role, of course it will last a long time and will still be a viable asset. It's just that certain risks are a matter of doubt to be judged as a really safe-haven asset.

[DarkDays]

Personally, I don't think there's really an asset we can call a safe haven to begin with. There is gold, but it also has some ups and downs. As for bitcoin, it really depends on how you look at it? .no any kind of asset is guaranteed unless you are owning a currency like USD, USDT, ether... also any coin that has a decrease or increase can be stopped working. transaction, nothing can be absolute not even BTC.

BTC is a great asset and the way it evolved since 2009 is incredible, not many people would have predicted it. The technological advance that cascaded from BTC is what gave rise to what we see today as being the whole crypto market with dozens of different blockchains.

In that respect, BTC is a 'gold standard' for asset protection but at the same time the unpredictability of the markets with it's volatility, and not yet being seen as legal tender globally (or in large proportions) makes it at the same time a risky investment. That is to say that you can't have any form of investment where you can describe it as 'safe haven' because investments inherit risk.

[bitterguy28]

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.

in the end , it is always depend about what we are seeing bitcoin , but one thing is important thatw e all knew how valuable and profitable this is.

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.

I respect your belief and we all has, best to learn deeply and maybe in time you will realized what bitcoin really is.

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 is depending on our treatment , because we are the one who runs and operates bitcoin.

[AakZaki]

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.

The rapid price growth of cryptocurrencies, especially bitcoin, made people start investing in crypto even the big players in the stock market began to move to bitcoin.
Cryptocurrencies have a good future as there is more and more demand.
Faster price fluctuations with high volatility put crypto at risk. This is why Bitcoin or crypto is not and is not included as a safe haven asset.
It is very easy and fast to make a profit and very easy and fast to make a loss.

[Marvell1]

If you don't want to store your assets in a bank or a third party is holding them, bitcoin is a better choice than fiat money and gold. But with volatility bitcoin is actually quite risky, your asset can evaporate quickly if we are in a prolonged bear market. Nothing can guarantee that everything is 100% safe including gold, so it depends on the individual's point of view.

[passwordnow]

If you don't want to store your assets in a bank or a third party is holding them, bitcoin is a better choice than fiat money and gold. But with volatility bitcoin is actually quite risky, your asset can evaporate quickly if we are in a prolonged bear market. Nothing can guarantee that everything is 100% safe including gold, so it depends on the individual's point of view.

Take the high risk and it's rewarding counterpart. That's the nature of bitcoin and if you'll just keep those fiat of yours into the bank, the bank will make use of them and will just give you the part of what you've earned and they're very little. Unlike in bitcoin as it becomes a store of value, you hold it and you don't entrust it to any third party or service because you alone are the one who holds it and can send it anywhere at anytime.

[AmoreJaz]

If you don't want to store your assets in a bank or a third party is holding them, bitcoin is a better choice than fiat money and gold. But with volatility bitcoin is actually quite risky, your asset can evaporate quickly if we are in a prolonged bear market. Nothing can guarantee that everything is 100% safe including gold, so it depends on the individual's point of view.

Take the high risk and it's rewarding counterpart. That's the nature of bitcoin and if you'll just keep those fiat of yours into the bank, the bank will make use of them and will just give you the part of what you've earned and they're very little. Unlike in bitcoin as it becomes a store of value, you hold it and you don't entrust it to any third party or service because you alone are the one who holds it and can send it anywhere at anytime.

sometimes it depends on people's preferences here. some are really going to the bank for security purposes even if their funds are not that earning much. they know that anytime they check, their funds are still intact. however, when one goes to crypto, you need to keep updated because it is not the case that once you decide to cash out, you will always be on the positive side plus more. because it depends on when you cash out. so if it is below your buying price, then, that's not a good time to encash. wait for the time that it will at least above your buying price. i won't consider bitcoin as a safe-haven asset but it has very good potential to earn more if you got it right.

[passwordnow]

If you don't want to store your assets in a bank or a third party is holding them, bitcoin is a better choice than fiat money and gold. But with volatility bitcoin is actually quite risky, your asset can evaporate quickly if we are in a prolonged bear market. Nothing can guarantee that everything is 100% safe including gold, so it depends on the individual's point of view.

Take the high risk and it's rewarding counterpart. That's the nature of bitcoin and if you'll just keep those fiat of yours into the bank, the bank will make use of them and will just give you the part of what you've earned and they're very little. Unlike in bitcoin as it becomes a store of value, you hold it and you don't entrust it to any third party or service because you alone are the one who holds it and can send it anywhere at anytime.

sometimes it depends on people's preferences here. some are really going to the bank for security purposes even if their funds are not that earning much. they know that anytime they check, their funds are still intact. however, when one goes to crypto, you need to keep updated because it is not the case that once you decide to cash out, you will always be on the positive side plus more. because it depends on when you cash out. so if it is below your buying price, then, that's not a good time to encash. wait for the time that it will at least above your buying price. i won't consider bitcoin as a safe-haven asset but it has very good potential to earn more if you got it right.

Yes, we have our preferences and those that are choosing the bank to keep their money. That's fine, they can't do anything against us and that's why if they like to keep it there, they have to think about the inflation.
But those who understands that putting that much money in the bank, they'll be problematic about the inflation later on so they'll have to think that it's better to put it somewhere like in investments and assets that will help them beat it.

[Ngewex Yuk]

There is no guarantee that any investment or asset is safe, there are many factors that make assets stolen or worthless, even though at the moment it seems impossible to know the 52 digit bitcoin private key but I believe one day it will be easy to guess, the times are always dynamic and we should always follow developments.

[Spack17]

We can't call it as a truly or fully safe-haven asset considering the far future I think. It is obviously true that you can make a lot of profit in Bitcoin considering the long run. But we don't know whether Bitcoin will be existing forever or it will be gone at some point. This is why I think that Bitcoin can't be seen as guaranteed forever. But considering making an investment for a long term, I would support people about it. Because I saw so many times that Bitcoin made long-term investors happy.

[Pejoh Asu]

We keep bitcoin safe and the opportunity to be stolen is very small compared to other types of investment, especially those that have a form such as gold, but bitcoin is not safe from price drops, because bitcoin investments are a type of high risk, rising and falling prices can reach tens of percent in a week and lucky those who bought bitcoins last week as the week gain is already over 21%.

[lelahenderson]

Bitcoin can be considered a safe-haven asset because it has withstood several big crashes. As the world's most popular virtual currency, Bitcoin has gained increased acceptance in business and finance circles after mounting a successful comeback from last year's plunge.

[Swapzone_pr]

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.

I've recently read an article in Forbes about it and I really liked the quote of Joe DiPasquale, the CEO of cryptocurrency hedge fund manager BitBull Capital, he “bitcoin is positioned very well to be a safe-haven asset.” And I can agree with that.