Is Bitcoin a safe haven?

[Hobo66]

Bitcoin is totally safe from third party , this us very goid sign. Only drawback is that its price is so volatile.  bitcoin has the biggest number of users and the most support and development
Now new rules and tax may put great impact on btc Safe haven.

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[Alex Peters]

If you are a rational person, then you will understand that Bitcoin is the only crypto asset that can be discussed as a safe haven. Other crypto assets may also be eye-catching, but most of them still have greater risks.

But at this stage, Bitcoin may not be a real safe-haven asset.

[Tina H]

I feel that although Bitcoin is now regarded as digital gold, its market value does not exceed the total investment value of gold. The current price increase of Bitcoin is due to the characteristics of Bitcoin, distrust of banks and belief in Bitcoin. Most cryptocurrency investors want to profit from it. Although Bitcoin is risky, there are more or less risks in any investment field, even gold is also volatile. After experiencing some crises now, it is clear that Bitcoin has become a safe haven for people.

[slaman29]

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.

Yeah but as we just discussed, safe havens are meant to be temporary. Medium term at most, until the markets the investments would normally sit in become safe again. Gold fits that as it will hold value, and should roughly be the same value when taken out as when put in. Bitcoin, as much as we all love it, you can't hardly say the same thing about it:)

[TheUltraElite]

Most transactions carried out between many nations happened through crypto (bitcoin) because of its uniqueness.

Are you speaking out of your rear or do you have valid information to make this claim?

I know for a fact this is false, because when the crisis happened, this forum had a lot of threads saying that bitcoin would be the savior but eventually people found out that in order to use bitcoin to transact, you need a working device, internet connection and electricity and all of these are not available in many remote places, therefore the only mode of transaction was fiat.

Moreover, most countries in this world have put bitcoin in a "Grey area" - no merchants legally accept it as money and therefore the possibility of paying bitcoin for services would be out the questions.

Bitcoin is totally safe from third party , this us very goid sign.

If you dont secure your wallets though, it can end up in the wrong hands. But this has nothing to do with being a safe haven.

Only drawback is that its price is so volatile. 

Because we have to pin the price against a fiat currency that is inflationary. Otherwise 1BTC is 1BTC.

Now new rules and tax may put great impact on btc Safe haven.

Impact will be for the greater good only. Banks are not completely against crypto, contrary to popular red-pilled beliefs. In reality they are working on systems to harness blockchain and use it for providing their services better than what they do currently.

[Obito]

Yes bitcoin is a safe haven. Even though there is a crisis, bitcoin will still exist. This is because bitcoin has a decentralized system, that is the advantage of bitcoin compared to banks. With a limited supply, bitcoin prices tend to rise, so investing in bitcoin is also very profitable.

Depends on what kind of crisis you are talking about, remember that nuclear holocaust, world war, extinction event and global electric grid destruction are all crisis so I don't exactly say it's a safe haven for crisis. They are more of a safe haven in terms of financial turmoil.

[imstillthebest]

Yes bitcoin is a safe haven. Even though there is a crisis, bitcoin will still exist. This is because bitcoin has a decentralized system, that is the advantage of bitcoin compared to banks. With a limited supply, bitcoin prices tend to rise, so investing in bitcoin is also very profitable.

Depends on what kind of crisis you are talking about, remember that nuclear holocaust, world war, extinction event and global electric grid destruction are all crisis so I don't exactly say it's a safe haven for crisis. They are more of a safe haven in terms of financial turmoil.

i think thats more of a crisis but thats a disaster anymore . what i understand when i hear the word crisis can be financial or economical but i dont like those disasters to happen again because thats a sure fire way for us to get killed including bitcoin .
i believe that bitcoin can be a safe haven when in times of crisis because of its amazing properties and also if we know how to use it properly .

[ayan9167]

Yes Bitcoin is safe haven for traditional assets for many reasons, including independence from monetary policy, a role as a store of value and limited correlation with traditional assets.
1.While many of these arguments are compelling, empirical tests of the safe haven properties of Bitcoin have been devoid of a central component, a severe financial markets crisis. In this paper,  first assessment of the safe haven properties of Bitcoin during a period of significant turmoil in financial markets, the Covid-19 bear market.
2.Specifically,  whether an investor with a proportion of wealth allocated to Bitcoin can reduce their exposure to downside risk relative to a portfolio consisting only of equities.

[Wind_FURY]

US Federal Reserve Chairman Jerome Powell once stated that Bitcoin is a "speculative store of value" and Bitcoin investors are speculating on it as a store of value.

This is not to say that Bitcoin cannot play the role of a safe haven, but Bitcoin may not be a real safe-haven asset at this stage.

Then is Gold a “speculative Store of Value” as well? Don’t listen to the opinions of people with ideas that are anti-Bitcoin.

Plus Bitcoin is a safe haven in that it’s a back up/fall back in case your a government loses control of the monetary system, OR your government threatens to claim your assets.

[hitsnorth]

As i see it the BTC can be a safe haven. I hope my BTC will be my retirement money. For now i'm buy and holding it and want to have 10 BTC be the time i turn 30.

[Liamttw]

Bitcoin is a safe haven and a venture capital.
The crypto market is unstable, and the characteristics of Bitcoin itself still have risks. It has the same characteristics as stocks or other venture capital. When the market enters the hedging mode, some people buy it as a safe haven asset, while others lose confidence and sell it to reduce risk.
But in the period of inflation, Bitcoin will be the best currency choice and the most complete storage method. Bitcoin is limited, and it will not increase inflation caused by government control. It will be the best safe haven during the crisis itself.

[LogitechMouse]

A quick search on the definition of safe haven and you will see this. LINK

A safe haven is a type of investment that is expected to retain or increase in value during times of market turbulence

The key word here is the word "retain". Does bitcoin retain its value over time?? No because it goes up and down. The part where it "increases its value" is applicable to Bitcoin but the word retain isn't so in short, Bitcoin can't be considered a safe haven.

An example of a safe haven assets are Gold, Bonds, Blue Chip stocks and currencies. They are considered one because they've been there for a long time and whatever happens, they will always be there. I'm not saying that Bitcoin and the whole crypto will vanish in the next decades but they aren't consider as safe haven at least for now. Maybe in the next years to decades, they will be consider it as a safe haven asset.

[nightxglow]

Bitcoin might not really be a safe have, the reason why is due to the volatility of bitcoin that can be quite an issue. Of course, the volatility of bitcoin has the advantages as well, like we can gain more profits from it, and such. However, if we want something safe, bitcoin might not really be it. We've seen so many times bitcoin declined quite greatly, although soon it can be recovered and went up again. But still, it might worry some people when bitcoin is so volatile, and people who don't really understand it might become panic. Moreover, knowledge about bitcoin is not that well-known to others out there yet, only certain people interested in bitcoin. So I guess, bitcoin might be beneficial, it might have some great advantages if being compared to banks, however I don't think it's entirely a safe haven yet.

[Wind_FURY]

A quick search on the definition of safe haven and you will see this. LINK

A safe haven is a type of investment that is expected to retain or increase in value during times of market turbulence

The key word here is the word "retain". Does bitcoin retain its value over time?? No because it goes up and down. The part where it "increases its value" is applicable to Bitcoin but the word retain isn't so in short, Bitcoin can't be considered a safe haven.

“Up and down” is because of it’s volatility. But zoom out to the maximum. Did Bitcoin retain its value? Yes, most definitely, and it has not reached the moon yet.

An example of a safe haven assets are Gold, Bonds, Blue Chip stocks and currencies. They are considered one because they've been there for a long time and whatever happens, they will always be there. I'm not saying that Bitcoin and the whole crypto will vanish in the next decades but they aren't consider as safe haven at least for now. Maybe in the next years to decades, they will be consider it as a safe haven asset.

They’re the same to Bitcoin, but with low volatility. Plus did you check the latest 1-year chart of Gold? Hahaha.

[Meysa_richa]

Bitcoin is a safe place to store our assets, and can actually be better than banking.  Because with Bitcoin we can control ourselves without the intervention of other parties.
But the biggest risk of Bitcoin is if we lose our assets because of hackers, because we can't report it to the authorities. 
Therefore we have to take care of the Bitcoins we have very carefully, because Bitcoin can only be accessed online, the most dangerous are phishing sites.

[AliMan]

You can't actually figure out this bitcoin to be safe because it's still susceptible of being volatile at any possible situations.
Even banking system wouldn't be considered safe, you're still facing the risk when saving money on them due to tendency of having bankruptcy or economic crisis.
If you're wiser enough and a long term holder, choosing Bitcoin as your alternative haven instead of fiat can be a best choice compared from other low ranked coins.

[bakasabo]

For me Bitcoin is a safe haven only for cryptocurrency. If you dont know where to keep crypto assets - convert them into Bitcoin. History has proved that with long term holding, you only gain, but not lose. This is even better than usdt. For all other “valuable things”, i would better choose gold, only because its world wide acceptance.

[Wind_FURY]

You can't actually figure out this bitcoin to be safe because it's still susceptible of being volatile at any possible situations.

But in what time frame? Zoom out and see the chart smoothen, making those crashes during 2014, and 2017 look “normal” dips for buying opportunities. I believe this makes investing in Bitcoin require a low-time-preference.

Even banking system wouldn't be considered safe, you're still facing the risk when saving money on them due to tendency of having bankruptcy or economic crisis.

The purchasing power of fiat goes down unnoticeably. But talk to your grandfather, ask him how much was his first car.

When YOU become a grandfather your grandchildren will ask you the price you bought your first Bitcoins.

[dzonikg28]

You can't actually figure out this bitcoin to be safe because it's still susceptible of being volatile at any possible situations.
Even banking system wouldn't be considered safe, you're still facing the risk when saving money on them due to tendency of having bankruptcy or economic crisis.
If you're wiser enough and a long term holder, choosing Bitcoin as your alternative haven instead of fiat can be a best choice compared from other low ranked coins.

When you take volatility as the benchmark for being a safe haven or not, I doubt we in our lifetimes will ever experience Bitcoin to be a safe haven. You can also look at it from other angles and think about whether Bitcoin is a safe haven or not. If you need to transfer large sums of money maybe under difficult circumstances, Bitcoin is probably the safest transaction network you can use in the world in order to be sure that your transaction arrives at its destination with 100% certainty. That also means a safe haven as a transaction network.

[oemar bakrie]

Where I live maybe not everyone knows what bitcoin is and also not convinced by the concept of bitcoin investment, more so with gold or land investments that look real..
but for me bitcoin investment is better than gold and now there is also a legal institution that handles bitcoin so I am more confident and safe with bitcoin investment at this time..