Btc and gold can now be called "safe"

[Eugenar]

Bitcoin has also surged to 11k despite the pandemic,

Make that $12k as bitcoin has break to the price today.

https://cointelegraph.com/news/bitcoin-price-tackles-12-000-after-breaking-through-a-key-resistance-zone

imo gold and btc are somewhat "safe haven" assets, this pandemic is a real test to know how well they can hold up investors funds, when everything is crashing and they have been doing great in the market, the number of people that will turn to these assets as time goes on will continue to increase, to evade inflation and the devaluation of their money in their bank accounts, and it will continue to push their prices up.

I think gold is safe, that's proven through ages already, bitcoin on the other hand might be performing the unexpected this year, I can't say it's safe to invest in bitcoin as I have not see its stability yet, it's price bullish movement in short term doesn't prove that it's a safe asset to invest with, however, I believe that bitcoin is going to grow in the long run, but it's volatility will continue to show, hence I don't call it safe.

P.S. I do not think it's early to tag them as safe assets, ....

I think it's early for bitcoin, not on gold. 

I think there is no such "safe investment" because all have risks, in terms of gold the risks are low because it is proven over time that its price is gradually increasing but in terms of bitcoin, I do not see it as safe investment because of its volatility. There are a lot of factors that should be considered before investing through bitcoin like proper risk management especially about allocation and stop loss levels and also validating the trend in order to know when is the right time to enter and exit in the market.

That's the thing about Bitcoin which makes it different from other investments in particular with stock market. Investing and holding for a long time to both Bitcoin and gold will yield to different outcomes. As for this year, the market price is indeed increasing at a high rate but given that the price is unpredictable it won't be a "safe" investment which would generate assured profit. There is quite a consistent market price increase with regards to Gold's market value, making it quite risky. But indeed, no investment will give assurance.

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[Kasabus]

I think still the gold is one of the safest havens because we all know that the market price is volatile from just the previous month we all know that the bitcoin rise into the month of January 2020 and falls back into the month of March 2020 this is quite speed right? Because it's volatile we all know that.

Still for me one of the best safe havens is the gold, it takes time on bitcoin to becomes one of the safes havens.

Gold is already proven as a safe investment ever since knowing its price has always followed an upward trend. But with bitcoin, i cannot totally conclude that it's already a safe investment because of its price volatility. We can make higher profits from bitcoin compared to gold but it also demands bigger risk.

[stompix]

After the battle is over the battlefield is full of heroes who wanted to be in the first line but somehow ended in the rear

How about we scroll back a few pages in the speculation board during the middle of March drop to below 5$ and read a bit how much of a safe asset was bitcoin considered at that time. A safe asset is one that doesn't drop during a crisis, not one that recovers when the worst is almost over, BTC has done nothing special compared to traditional stocks, what is worse that although it was on an ascending trend before the pandemic it took a harder hit than other investments right in the middle. Also, let's not forget how people tend to cheer events and then forget about them, everyone was hyped on how coinbase came out with the news of people buying coins of the same value of stimulus checks, and although praising money printing as possible surge for the bull run now they are minimizing it, claiming BTC growth is not because of that.

As much as I dislike gold, it did perform better when it was needed, the max drop it took this year is of only 15%. On the long run yeah, BTC gains in terms of $ value will clearly be superior by far, I can't see gold doubling or tripling its value in a small time frame as can BTC but I also see it far less vulnerable to out of the blue dumps.

But I've been closely monitoring gold/bitcoin prices during this pandemic, in case you didn't know, gold price surged above 2k per ounce for the first time ever last week and analysts think it can get to 4000 in a few years.

Well, analyst also though that Why Many Analysts See Gold Going As High As $10,000, the term analyst has become a joke, they could call themselves clairvoyants as their results are quite on par with those.

[Emitdama]

The gold and cryptocurrency (btc) market are doing okay during this pandemic, but they are not the only assets that are doing okay, in fact lots of assets and stocks has been going up even at this time of Coronavirus.

Have you checked for Tesla stock? The price is even far more higher than it has been years, despite that there is a pandemic, if you check with your stocks or Google, you will see that Tesla is still on green. It’s not just Tesla, there are lots of other markets that has been on green, and some of them I am investing in.

I do see people saying that the pandemic has weakened the US dollars as a reserve currency and that another country’s currency is going to replace it. When I see people say these things, it’s quite funny. Yes the Fed has printing lots of money and I know that’s why a lot of people saying that it has weakened, but they are forgetting that demand for the USD is more than any other currency and that demand for it is outplacing what is being done by the Feds.

A lot of people are running to USD because it’s more safe than majority of the other currencies you’re going to be holding right now. Bitcoin is also doing okay, and it’s been my number one asset to invest no matter when. It wasn’t a surprise to me that the price still went up after everything, because Bitcoin has survived a lot of storm and I knew it’s going to do the same this time around.

[usekevin]

I think still the gold is one of the safest havens because we all know that the market price is volatile from just the previous month we all know that the bitcoin rise into the month of January 2020 and falls back into the month of March 2020 this is quite speed right? Because it's volatile we all know that.

Still for me one of the best safe havens is the gold, it takes time on bitcoin to becomes one of the safes havens.

Gold is already proven as a safe investment ever since knowing its price has always followed an upward trend. But with bitcoin, i cannot totally conclude that it's already a safe investment because of its price volatility. We can make higher profits from bitcoin compared to gold but it also demands bigger risk.

Gold is almost had a value for long term, it's no doubt. But to get more profit from your investment, bitcoin will be the correct option. Even the price of bitcoin is more volatile completely compared to gold, it had good benefit of buying high value bitcoin at less price. When the market is dump. But you can't find this option in Gold. Now many country accepted bitcoin as online payment will added Advantage.

[Salauddin1994]

Investors usually invest for profit. But it will depend on the market. Bitcoin is biologically created without grassroots and centralized groups. It uses work evidence to validate the transaction which helps in determining the appropriate cost Since the tradition of gold prices is traditionally mined and transportation costs to support the price. While both can be said to be safe investing in gold is more secure because Bitcoin has not yet been legalized in many countries and no one can say how long it will last but the gold market is stable everywhere.

[Argoo]

In all the hard times of trials, gold has always been a refuge for preserving value and saving people's money accumulation. Therefore, we see a natural significant increase in its price recently against the background of deteriorating economic indicators around the world.
Bitcoin and other decentralized cryptocurrencies are being tested for the first time as a financial instrument that can successfully withstand inflation of common currencies of states. It is still too early for us to draw definite conclusions on this issue, since this event coincided with other positive events for the growth of the cryptocurrency market. After a certain time, it will be possible to draw more specific conclusions on this matter.