Is Bitcoin a safe haven?

[ROSERTY]

Bitcoin should be a safe haven asset that can release risks in times of crisis. In times of financial turmoil, it may be worthwhile to treat Bitcoin as a hedge. Bitcoin's performance over traditional assets in some respects may indicate that it is independent and unaffected by traditional market downturns.
However, with the continuous turbulence in the global financial market, the repeated plunges and the continuous spread of panic, the market reaction of the global economy painted a gloomy downturn, and the cryptocurrency market seemed to be not immune, and the market continued to fall. So it may still take time to consider it as a safe haven asset.

[Alisha-k]

The characteristics of Bitcoin make it an extremely attractive investment. Bitcoin transactions do not require third-party authentication and can be free from the control of governments or banking systems around the world.

This is one of the reasons most government are making policies that will affect bitcoin negetively because the government love to be in control of the asset of the masses and also monitor how things flows in and out and in the case of bitcoin which doesn't give them that full opportunity and has attracted lots of investors the government are feeling so unsafe and many trying so hard to ban it.

[jinneas]

Bitcoin is outside the banking system, although its price fluctuates, cryptocurrencies can sometimes provide better long-term stability than real-world currencies that are more volatile.

Do you know the definition of stability? If we were to compare the price of 1BTC against a basket of the currencies of the major economies, the volatility of Bitcoin, by far is greater than the volatility of the latter. Comparing the exact same timeframe eliminates most factors and cryptos or Bitcoin is certainly not something that is very stable.

Bitcoin is a systemic stability mechanism, and its system stability comes from the security of its network. In fact, it is stable as a system.
The legal currency system achieves short-term price stability at the cost of systematically unstable periodicity. The central bank intervenes in the natural process of the market to achieve the price stability of legal currency. Their actions may eventually lead to instability of the financial system. The traditional financial market may be more stable in price than Bitcoin in the short term, but it will face systemic crises periodically.

[Pierre Gerson]

I think Bitcoin is still an option for cryptocurrency investment. At present, its price is still fluctuating greatly. Even in the bull market, there will be people who lose money and occupy the majority.

For long-term holding of bitcoins to increase their pockets, few people will do it. This is where I admire and learn from them.

[ranochigo]

Bitcoin is a systemic stability mechanism, and its system stability comes from the security of its network. In fact, it is stable as a system.
The legal currency system achieves short-term price stability at the cost of systematically unstable periodicity. The central bank intervenes in the natural process of the market to achieve the price stability of legal currency. Their actions may eventually lead to instability of the financial system. The traditional financial market may be more stable in price than Bitcoin in the short term, but it will face systemic crises periodically.

Bitcoin isn't backed by any tangible elements and the derived value naturally comes from the demand and supply of its usera. Bitcoin is a speculative assets, because the nature of the traders are fairly speculative and hinges on any favorable policies or endorsement. Because there is no mechanism within Bitcoin to prevent external manipulation, the price is vedy volatile.

It is wrong to assume that Bitcoin isn't susceptible to external influence by the general economy. The general trend of Bitcoin still tracks those of the major stock markets and perhaps are more affected by thoae to a greater extent.

[bitzizzix]

Yes, the characteristics of bitcoin are indeed very attractive and safe for investment, especially for the long term which has little risk because many conglomerates and leading companies say bitcoin can be an inflation-protecting asset like financial companies such as PayPal and Square also provide Bitcoin features.
and besides that the demand for bitcoin will continue to increase, and historically which is very important and makes everyone finally more convinced and recognizes bitcoin fundamentals as the safest refuge while protecting the value of inflation.
If we discuss risk, everything related to investment has risks depending on the chosen investment and we have seen history and evidence that long term investment in bitcoin is the best and can be trusted.

[slaman29]

Safe haven implies that people are only going to it when they are escaping risk from elsewhere. It comes from shipping I think, when ships would look for a harbor that is safe from storms. But they never stay, they always go out as soon as conditions are better outside.

So I think yes it does not really fit the whole description. Unless people also do that to gold?

And to add to that, for me a safe haven is an asset that will not lose it's value overtime.

We all know that Bitcoin has bulls and bears market, so technically it can lose it value when we are in a bear market. So technically, it not a safe haven per se, maybe you can hedge your wealth, but there could be time that you need it and unfortunately, when we enter a bear market, obviously, your money will loss it's value.

Yeah, that aspect of safe haven is probably what makes gold so attractive, and Bitcoin because of volatility is not good even in medium periods (it doesn't lose value over long periods but even in 2/3 years it can be worth much less).

So I agree, it doesn't qualify properly as a safe haven.

[Celin Kai]

There is no connection between the two, but the current situation forces many people to conclude that there is no connection between the two.

The next and most important question-does Bitcoin have to be a safe haven?

No, at least not now. What people need now is a decentralized currency that can provide seamless payments, which will indeed make it more valuable than other currencies in the future.

[BuNga_cute]

Yes, the characteristics of bitcoin are indeed very attractive and safe for investment, especially for the long term which has little risk because many conglomerates and leading companies say bitcoin can be an inflation-protecting asset like financial companies such as PayPal and Square also provide Bitcoin features.
and besides that the demand for bitcoin will continue to increase, and historically which is very important and makes everyone finally more convinced and recognizes bitcoin fundamentals as the safest refuge while protecting the value of inflation.
If we discuss risk, everything related to investment has risks depending on the chosen investment and we have seen history and evidence that long term investment in bitcoin is the best and can be trusted.

If we look at the history of Bitcoin price movements and also more and more institutions are interested in investing in Bitcoin. This has proven that Bitcoin
can be said to be a safe haven, but it is still very risky for those who do not understand how Bitcoin works. So it is highly recommended that before deciding
to invest in Bitcoin, study Bitcoin first, in order to know how to invest in Bitcoin well. Based on my experience investing in Bitcoin, I admit Bitcoin can
protect our wealth from inflation. Therefore slowly many rich people in the world, who started investing in Bitcoin for the long term. Because they also
want to protect their money from inflation.

[JerryKin]

Bitcoin is a safe haven, not in the sense that it is or it will ever be a risk free investment platform. There is absolutely no investment platform as such. But Bitcoin would come in as a hero is situations when banks face serious issues globally and the government is in a great crisis. This happened Practically during the covid pandemic. Most transactions carried out between many nations happened through crypto (bitcoin) because of its uniqueness.

[Semar Mesem]

why do we say that bitcoin is very safe even than traditional money for its security process.we can say that bitcoin has very high security so it is not easy to be broken into by hackers, in addition to high security we can also invest bitcoin if we want to store something assets and the price will also change from time to time, if we intend to release then we can return our assets or merge back with money as usual

The bitcoins that we store are stored in a private key consisting of 52 digits of numbers and letters so that it is almost impossible to guess manually or using a program, with very high security, of course, making anyone feel more at ease saving money in bitcoin than in a bank.

[Victor333]

Bitcoin is outside the banking system, although its price fluctuates, cryptocurrencies can sometimes provide better long-term stability than real-world currencies that are more volatile.
Do you know the definition of stability? If we were to compare the price of 1BTC against a basket of the currencies of the major economies, the volatility of Bitcoin, by far is greater than the volatility of the latter. Comparing the exact same timeframe eliminates most factors and cryptos or Bitcoin is certainly not something that is very stable.


Bitcoin is a systemic stability mechanism, and its system stability comes from the security of its network. In fact, it is stable as a system.
The legal currency system achieves short-term price stability at the cost of systematically unstable periodicity. The central bank intervenes in the natural process of the market to achieve the price stability of legal currency. Their actions may eventually lead to instability of the financial system. The traditional financial market may be more stable in price than Bitcoin in the short term, but it will face systemic crises periodically.
Posted on: Posted by: victor333

[terrorJR]

The bitcoins that we store are stored in a private key consisting of 52 digits of numbers and letters so that it is almost impossible to guess manually or using a program, with very high security, of course, making anyone feel more at ease saving money in bitcoin than in a bank.

with the frills of the word safe does not mean you can give up everything and relax because we do not know what dangers will occur.
bitcoin does create pretty good security but remember a while back Fred Thiel, CEO of cryptocurrency mining company Marathon Digital Holdingsoi said "If you have a quantum computer today, and you are a sponsor of the Chinese state, most likely in about eight years time, you can decode blockchain in digital wallets".
from here, we already understand that as time goes by, in a more modern direction, there are more and more intelligent people who think dirty, one of which is stealing your wallet.
even though bitcoin is safe but that is not a reason for you to relax because basically people with bad intentions are always lurking anywhere and anytime

[tiCeR]

Bitcoin is outside the banking system, although its price fluctuates, cryptocurrencies can sometimes provide better long-term stability than real-world currencies that are more volatile.
Do you know the definition of stability? If we were to compare the price of 1BTC against a basket of the currencies of the major economies, the volatility of Bitcoin, by far is greater than the volatility of the latter. Comparing the exact same timeframe eliminates most factors and cryptos or Bitcoin is certainly not something that is very stable.


Bitcoin is a systemic stability mechanism, and its system stability comes from the security of its network. In fact, it is stable as a system.
The legal currency system achieves short-term price stability at the cost of systematically unstable periodicity. The central bank intervenes in the natural process of the market to achieve the price stability of legal currency. Their actions may eventually lead to instability of the financial system. The traditional financial market may be more stable in price than Bitcoin in the short term, but it will face systemic crises periodically.
Posted on: Posted by: victor333

What they can definitely, definitely guaranteed provide is scarcity. I don't know of any asset that is absolutely guaranteed scarce. Even gold, I don't know, we know it is kind of scarce, but we couldn't tell 100% that it is limited to a very precise low inflationary factor per year. This predictability and the security that Bitcoin offers to live up to what it promises makes it a safe haven to me.

[DeathAngel]

If you’re willing & able to hold bitcoin medium to long term then it absolutely is a safe haven. It protects you from ever decreasing fiat purchasing power. Inflation is set to rise 4% soon whilst bitcoin is up over 200% in the last 12 months alone.

[fuguebtc]

Bitcoin volatility, bitcoin is not considered a safe haven. Your assets will be lost if bitcoin drops for a long periods. Anonymity and decentralization may make bitcoin safer than gold or fiat Bitcoin will be better suited for investment or speculation to make better profit.

[cotton ball]

market risk that goes up and down I think it's not a problem, because in the name of business there will definitely be ups and downs, the sea water sometimes rises and sometimes goes down, bitcoin can be categorized as safe for all users, because we can feel there has never been a fraud in bitcoin, and there has never been a third party that manages our bitcoin,, in contrast to us saving money in the bank, it is certain that all banks will manage our money, and we are not given any profit by the bank..

[rony01941]

Bitcoin volatility, bitcoin is not considered a safe haven. Your assets will be lost if bitcoin drops for a long periods. Anonymity and decentralization may make bitcoin safer than gold or fiat Bitcoin will be better suited for investment or speculation to make better profit.

Yes cryptocurrency market is volatile so there is no exception also in bitcoin price any time can go up and down but it community is big in the world, so never drop like this 5-10 years long period. Bitcoin safe haven even from bank.

[rina aulia]

market risk that goes up and down I think it's not a problem, because in the name of business there will definitely be ups and downs, the sea water sometimes rises and sometimes goes down, bitcoin can be categorized as safe for all users, because we can feel there has never been a fraud in bitcoin, and there has never been a third party that manages our bitcoin,, in contrast to us saving money in the bank, it is certain that all banks will manage our money, and we are not given any profit by the bank..

Bitcoin is a very safe place to store assets because there is no interference from other parties in our wallet, while bank deposits are fully managed by banks and we have to comply with bank regulations even though when we withdraw we have to wait a very long time.

[Raflesia]

If you’re willing & able to hold bitcoin medium to long term then it absolutely is a safe haven. It protects you from ever decreasing fiat purchasing power. Inflation is set to rise 4% soon whilst bitcoin is up over 200% in the last 12 months alone.

Very much different when inflation immediately rises between fiat and bitcoin the comparison is very far so I am fully sure about this bitcoin will experience an increase every year I don't care about big bearish because it can rise again only a significant time.

Look at the people who hold bitcoins from 2018 until now, how are they, have they become billionaires? Of course because bitcoin has generated such a wide space in such a short time and this is why bitcoin is a good race to hold long term.