Is Bitcoin a safe haven?

[JohoS]

IMHO Bitcoin is very good for trading purposes, these daily jumps in a price (1-5k easy) are very promising if you know how to use it

[Veter2000]

Quite right. In the short term, Bitcoin is not a safe asset. In fact, in a long-term asset, bitcoin does not give a guaranteed profit, and that is why, due to its risky nature, it can give high profits in the long term. In investing, risk always comes with high potential returns.

In today's world, people have to take on risky investment decisions just to stay afloat. People buy stocks, government bonds, gold, etc. in order to protect their money from the high pace of inflation. Sometimes it works, sometimes not. The thing is these measures still aren't sufficient enough to outperform inflation. Stock prices are rising because of monetary expansion, the gold price at ATH because the US dollar is weak. But inflation is growing faster and, which is a more important fact, unpredictably. That is why we need bitcoin: it protects us from fiat currency debasement by being the most scarce asset in human history, it makes our future less uncertain and the consequences of inflation less severe.

I agree that bitcoin can act as insurance against fiat inflation to a certain extent. The problem is that no one knows how bitcoin prices will behave in the face of real long-term inflation and the reduction of the FRS's quantitative easing policy, when there will be less money in all financial markets.

[kotajikikox]

Bitcoin is one of the diversified assets capable of securing wealth in times of economic recession, as is happening right now in the midst of a pandemic that has thrown the world economy into chaos and impacted us, when it comes to dealing with the banking system for our financial purposes. But with bitcoin, of course we can do everything very safely and easily in the midst of world chaos.

it's true that there are so many conveniences that can be done with bitcoin today but the question is whether Bitcoin is safe from bad people who want to steal it, I don't think so, no one is responsible for losing your bitcoins in the wallet. we all have to be smart in storing it with various security that we must use to avoid bad people who want to steal it.

it is your own way how to keep safe your bitcoin because just like Fiat you can be robbed at any moment even at your own house so don't make it for bitcoin this problem.

remember that our coins , our responsibilities.

if you are lazy or noob in holding your coins then you will surely be victim of stealers .

[Sihab76]

Bitcoin is not a completely safe haven because you can't use Bitcoin whenever you want. In this case you may need paper money or banknotes. In all countries where bitcoin is not legal Paper money is much more valuable to them than Bitcoin.

[Natalim]

Because Bitcoin and other cryptocurrencies are subject to volatility, there’s no way for us to see this as a safe haven. I could say that this is a great alternative for us to put our savings without third party interference. However, risks are always there and you have to acknowledge.

Bitcoin isn’t designed for short-term, but it is long-term. Make sure that only invest what we can afford to lose and learn how to manage our risks on Bitcoin.

When it comes to volatility, bitcoin and other crypto assets are definitely not safe. But when it comes to an investment, bitcoin is definitely my top choice so i'm considering it a safe haven. Although it cannot replace fiat since its not adopted legally, but the value it has is enough to sustain our life's needs even in our retirement days.

However, on the view of the government, bitcoin is definitely not safe as a currency although its safe from inflation, but for most of us in the crypto community, bitcoin become our best asset and take it fully as a safe haven.

[boyptc]

For holders and investors yes.

But for the banks, they don't see it as a safe haven due to the volatility. They may adopt it soon but there's no other reason for that but because of its usability, demand and popularity.

[Suharti12]

There are some downsides to Bitcoin when compared to banking, but the main factor why most people prefer Bitcoin is that Bitcoin has high fluctuations. So people who keep their assets here have a high chance of getting big profits. I myself prefer to save money in the Bank, and in Bitcoin I only aim to make a profit.

[Luqman]

I disagree with that, Bitcoin is not safe haven because no guarantee with it.

Yes, Bitcoin isn't a safe haven. Not only about no guarantee for profits, but Bitcoin price is also very volatile. With this nature, there is a big risk to invest in Bitcoin because the price of Bitcoin can drop severely at any time. Those people who are not patient enough and don't really know the nature of Bitcoin, probably will get difficulties in holding Bitcoin. And they can end with huge losses if the decide to sell their Bitcoin in a big decline.

[Vaculin]

For holders and investors yes.

But for the banks, they don't see it as a safe haven due to the volatility. They may adopt it soon but there's no other reason for that but because of its usability, demand and popularity.

That volatility feature of Bitcoin makes this not a safe haven. It was not just the bank but that is the reality about crypto. Maybe if we are talking if it is safe to hold and keep it long? it still depends on how you secured the keys or password.

Many had believed that Bitcoin will even grow more in the future but I can't say that they are 100% right because the fact that we never know about it, everything was just pure speculation. Buying, investing in Bitcoin is risky, it can't safe at all but since we trusted this thing that is why we come up with this decision.

[Fatunad]

For holders and investors yes.

But for the banks, they don't see it as a safe haven due to the volatility. They may adopt it soon but there's no other reason for that but because of its usability, demand and popularity.

That volatility feature of Bitcoin makes this not a safe haven. It was not just the bank but that is the reality about crypto. Maybe if we are talking if it is safe to hold and keep it long? it still depends on how you secured the keys or password.

Many had believed that Bitcoin will even grow more in the future but I can't say that they are 100% right because the fact that we never know about it, everything was just pure speculation. Buying, investing in Bitcoin is risky, it can't safe at all but since we trusted this thing that is why we come up with this decision.

Main thing that people should be thinking off and reminding themselves that safe haven is something doesnt really fit out on any investment because when we do talk about being safe then thats
already considering some risk free situation and even how great Bitcoin is then that risk would be always tied up into its tail thats why invest only on the amount that you could afford to lose
and dont make some all in kind of decisions even though the support is mainly directly to bitcoin but that wouldnt give out any assurance that you could really make money.

[Maidak]

for now by storing our assets in bitcoin maybe it is very safe considering bitcoin has high enough security so it is very difficult to be broken into by hackers who are not responsible for our bitcoin account.so we can say that bitcoin is currently an investment the best with very high security and no worries miners have regarding hacking their accounts.what bitcoin is currently doing is very much to be expected for such a high security

Not only security is a matter of concern but also volatility is a big fact. No one considers an asset as safe haven if it has high volatility, Most often we select gold as safe heaven cause it has very low volatility and its price is almost stable all the time. yes, you need security but the uncertain market will never be considered a safe haven too.

[Viscore]

For holders and investors yes.

But for the banks, they don't see it as a safe haven due to the volatility. They may adopt it soon but there's no other reason for that but because of its usability, demand and popularity.

That volatility feature of Bitcoin makes this not a safe haven. It was not just the bank but that is the reality about crypto. Maybe if we are talking if it is safe to hold and keep it long? it still depends on how you secured the keys or password.

Many had believed that Bitcoin will even grow more in the future but I can't say that they are 100% right because the fact that we never know about it, everything was just pure speculation. Buying, investing in Bitcoin is risky, it can't safe at all but since we trusted this thing that is why we come up with this decision.

Main thing that people should be thinking off and reminding themselves that safe haven is something doesnt really fit out on any investment because when we do talk about being safe then thats
already considering some risk free situation and even how great Bitcoin is then that risk would be always tied   up into its tail thats why invest only on the amount that you could afford to lose
and dont make some all in kind of decisions even though the support is mainly directly to bitcoin but that wouldnt tgive out any assurance that you could really make money.

When we think of investments, it will always be associated with risks. So in this case, all investments particularly bitcoin does not guarantee us sure profits all the time. And particularly that bitcoin has its own bulls and bears, an investor should always be careful and invest only on the amount he can afford to lose.

But i believe in bitcoin and the high potentials of its coin that will grow more in the future. So i'm seeing it as more safe compared to stocks, and even compared to fiat who will always bring inflation. But with bitcoin, its decentralized so theres no way it will cause inflation.

[Jamesp2k]

If bitcoin is not a safe haven it would have disappeared long ago

[wahyu wida]

for now by storing our assets in bitcoin maybe it is very safe considering bitcoin has high enough security so it is very difficult to be broken into by hackers who are not responsible for our bitcoin account.so we can say that bitcoin is currently an investment the best with very high security and no worries miners have regarding hacking their accounts.what bitcoin is currently doing is very much to be expected for such a high security

Not only security is a matter of concern but also volatility is a big fact. No one considers an asset as safe haven if it has high volatility, Most often we select gold as safe heaven cause it has very low volatility and its price is almost stable all the time. yes, you need security but the uncertain market will never be considered a safe haven too.

gold also has high volatility when compared to forex, and bitcoin in my opinion is the highest. it can be said to be a safe asset if we know its characteristics, so that we can respond to the volatility of market movements. and bitcoin can be said to be a high-risk asset, with the fact that there are still many investors who experience panic selling, it's because of their lack of knowledge about btc

[Veter2000]

Bitcoin is not a completely safe haven because you can't use Bitcoin whenever you want. In this case you may need paper money or banknotes. In all countries where bitcoin is not legal Paper money is much more valuable to them than Bitcoin.

This is already a matter of liquidity. The safest asset is not always the most liquid. Likewise, with physical gold, the liquidity of which is not as good as cash. At the same time, it cannot be said that the Venezuelan bolivar or the Lebanese pound or the Turkish lira is more valuable than bitcoin, only because of its liquidity.

[Abiky]

In today's world, people have to take on risky investment decisions just to stay afloat. People buy stocks, government bonds, gold, etc. in order to protect their money from the high pace of inflation. Sometimes it works, sometimes not. The thing is these measures still aren't sufficient enough to outperform inflation. Stock prices are rising because of monetary expansion, the gold price at ATH because the US dollar is weak. But inflation is growing faster and, which is a more important fact, unpredictably. That is why we need bitcoin: it protects us from fiat currency debasement by being the most scarce asset in human history, it makes our future less uncertain and the consequences of inflation less severe.

Nothing is guaranteed in this world. Risks will always be there. But it's up to you whenever you'd want to keep moving forward with such risks or not. Basically, anything that's scarce is considered a safe-haven asset. Bitcoin has done well since its inception, with an extremely-limited supply of only 21 million coins. Not only that, but the cryptocurrency itself is highly secure and decentralized. I believe Bitcoin makes a better safe haven than Gold or any other alternative. As a long-term investment, Bitcoin is there to help protect yourself from the negative effects of inflation. Saving up some Bitcoin today, may prove to be highly-rewarding in the future. If only people knew Bitcoin's true potential, they wouldn't be cashing it out to Fiat all of the time. Inflation is what's going to "kill" the mainstream economy, leaving us with no other choice but to rely on safe-haven assets to protect our capital. As long as Bitcoin stays true to its roots, there should be nothing to worry about. Just my thoughts

[gundala]

some say it's safe, some say it's not. depending on the understanding, principles, and interests of each individual. for those who do not like volatility, and consider it very risky, it is certain to stay away from bitcoin, no matter how big the opportunities offered, he will prefer projects in the real world with official regulations from the government. while for those who have a freer spirit, will consider volatility as a good opportunity to make a profit.
safe or not depends on how we manage and determine the best strategy. so we have to put in a lot of effort and keep learning to adapt to the crypto ecosystem full of surprises.

[Yamifoud]

some say it's safe, some say it's not. depending on the understanding, principles, and interests of each individual. for those who do not like volatility, and consider it very risky, it is certain to stay away from bitcoin, no matter how big the opportunities offered, he will prefer projects in the real world with official regulations from the government. while for those who have a freer spirit, will consider volatility as a good opportunity to make a profit.
safe or not depends on how we manage and determine the best strategy. so we have to put in a lot of effort and keep learning to adapt to the crypto ecosystem full of surprises.

Maybe you are right but the truth is that we can't consider the investment is a safe haven if we know how risky it was. if we just know that Bitcoin will reach $100k 1 or 2 years from now, that is absolutely we can consider it but we won't and that makes it so hard to think that we are totally safe plus the hackers around us.
That is my many had to say that "invest only the money that we can afford to lose" because we can't hide the truth on this from of investment and certainly we can't guarantee any assurance of our ROI.

[CaVO32]

some say it's safe, some say it's not. depending on the understanding, principles, and interests of each individual. for those who do not like volatility, and consider it very risky, it is certain to stay away from bitcoin, no matter how big the opportunities offered, he will prefer projects in the real world with official regulations from the government. while for those who have a freer spirit, will consider volatility as a good opportunity to make a profit.
safe or not depends on how we manage and determine the best strategy. so we have to put in a lot of effort and keep learning to adapt to the crypto ecosystem full of surprises.

Maybe you are right but the truth is that we can't consider the investment is a safe haven if we know how risky it was. if we just know that Bitcoin will reach $100k 1 or 2 years from now, that is absolutely we can consider it but we won't and that makes it so hard to think that we are totally safe plus the hackers around us.
That is my many had to say that "invest only the money that we can afford to lose" because we can't hide the truth on this from of investment and certainly we can't guarantee any assurance of our ROI.

We can't really tell an investment especially in crypto to be a safe haven. Even if we are talking bitcoin here, still the risk is there. Considering that its price is still very volatile. This is why you will always encounter piece of advice here about investing what you can afford to lose. This market is not a guaranteed one that you can tell to yourself, you will have the same money afterwards.

[verita1]

The worst time that humanity has lived is the current Covid19 pandemic. Fortunately and thank God we are surpassing it, in addition to the crypto community, new investors in bitcoin have realized that they can trust the best reserve asset such as bitcoin.

We have seen many tests that recognize bitcoin as a good asset to invest, to grow technologically in short, many things can be achieved with bitcoin.

Wells Fargo recently caught my eye by announcing its new mutual fund plan that will function as Passive Bitcoin funds for its wealthiest clients. I would like to add that Wells Fargo has to do it in order to innovate technologically because if it doesn't do it, someone else will get ahead of it.

We are witnessing the best of Bitcoin and it is just the beginning. What Wells Fargo's wealthiest customers will experience some of us have already experienced, the Satoshi project practically worked.

Now it is up to the big banks of the world and then all the banking will come, no matter if it is prestigious or basic, they will also enter our ecosystem of bitcoin and cryptocurrencies.

https://www.google.com/amp/s/www.coindesk.com/wells-fargo-nydig-passive-bitcoin-fund%3famp=1