Is Bitcoin a safe haven?

[Chato1977]

It depends actually. Normally, I wouldn't use Bitcoin like I use fiat currency. I mean that I wouldn't invest most of my money into Bitcoin considering the high volatility. I would make an investment with a good amount of money for a long term. And I would set a price goal to sell. If Bitcoin price reaches that level, then it can be a safe haven for me. Because I can use my savings in Bitcoin when I need a big amount of money. It can be my savior in that case.

no one asks you to put all your money in bitcoin because from the beginning it is an advise to.

"invest the amount you can afford to lose"


and knowing that it is obvious that we must not invest all our money inside .

[Ngewex Yuk]

Well, I completely disagree with the previous answers.

Bitcoin is not only a simple safe haven, it is the best safe haven in the world.

It is the best way to store your wealth. It is the most difficult to confiscate and the easiest to transport. That is why it is the best safe haven.

You can take $1B around the world very easily, or you can send it to the other side of the globe in no time for a ridiculous amount of money.

Try to take $1B of real estate or gold, or fiat currency around the world. Or try sending it and compare. 

Bitcoin is not nominally a real safe haven.
Investing in Bitcoin is also risky.
Compared to gold, Bitcoin is easy to carry and trade. This is one of the advantages of Bitcoin.

True, although bitcoin is very profitable but also very risky, it is better to make bitcoin as an investment alternative, of course gold, stocks and property are our investment priorities because they are physical and of course safe for the long term.

[mrongoz_imut]

According to him, in the middle of this year, a number of conglomerates and well-known companies in the United States said Bitcoin could be an asset that protects against inflation. Financial companies such as PayPal and Square also provide Bitcoin features. As a result, the demand for Bitcoin continues to grow. This is historically important because people are finally becoming more convinced and recognizing Bitcoin's fundamentals as a safe haven asset and an inflation hedge,

[BOAEDAN]

Is bitcoin a safe place, if I think personally I can say, bitcoin is a safe place, because it has been proven that bitcoin has a very positive impact on everyone who plays in the crypto world, bitcoin is also a safe place to store assets, no party third that regulates bitcoin..

[DOH!]

Will Bitcoin eventually become a safe haven for the banking system?
https://www.rt.com/op-ed/531238-crypto-regulation-sec-cbdcs/

I think that with any positive thinking on issues related to "shelter" or not, bitcoin still achieves maximum security, a decentralized system that is not subject to interference motivated by anything that is a consumer satisfaction to the recession of the banking system and the mass printing of money.

[Marvell1]

Bitcoin is indeed a safer haven than fiat even better than gold but there is no guarantee that it will be absolutely safe. Risk is always present everywhere. Bitcoin volatility is really a huge risk when investing in bitcoin, it can go up or down in a short time. Not everyone can make a profit in this market.

[sovie]

Bitcoin is a very good currency to invest in but it is not considered a safe haven because the crypto market is not stable. No one can say for sure when the price will go down major digital assets including bitcoin ethereum and ripple, have plunged into the red hot cryptocurrency space at once with the global equity market slumping to billions of dollars in market value in a matter of minutes. The unexpected fall in the digital currency sector follows a time of price stability for highly volatile markets and may suggest that investors are less likely to move assets forward as safe haven bets.

This price un-stability is in both directions. Like I had 75$ in LTC two weeks back, I checked it yesterday and they have gone down to 66$ because of recent DIP. Similarly it can take swing in up word direction also.
If you want stability then invest in schemes like government backed saving schemes but there profit is proportional to inflation rate, you wont get much benefit there.
In summary, no pain no gain.

[suboo112123]

If people consider risk, there is a bit of risk in every work and we can't find riskless things so we want to find out something with minimum risk. when we apply this to the crypto field, the most riskless coin is the BTC. By considering the fundamentals and the technical analysis of the previous charts of BTC, investors can get a meaningful idea about the next journey of BTC. according to the prevailing data, every investor that I knew were said that the BTC will be up and they said that the value of the BTC will exceed $100000/- by 2025. my personal idea is also that. by considering this concept, we can say that the BTC is a Safe Haven.

[Rickross009]

Some crypto advocates have argued Bitcoin can be a good safe haven for investors when other Markets like that of Gold get stormy. Unlike national currencies, Bitcoin is not linked to any government or national economy. There's also an eventual cap on its supply. Asides from the well known fact that it’s a secured platform, as all other cryptocurrencies.

[iTradeChips]

I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

[dezoel]

Everyone is free to think whatever they want to think. If you believe that making use of Bitcoin as a store of value is going to work for you, then you should go ahead with it. I also make use of Bitcoin as a store of value and it has always worked for me. Just look at how far the price of Bitcoin has gone, starting from when it was below $1 and now it is worth over $60,000.

The currency of my country has been devalued and with Bitcoin I have been able to return the worth of my money and also gained more from it. So, imagine that I never invested my money in Bitcoin I would have been the one losing by now just because I’m holding a useless Fiat. So, it’s really up to us to decide for ourselves what we want to make is of Bitcoin for, that you are using it as a store of value doesn’t mean another person must also do the same.

[Ziskinberg]

I think that having Bitcoin might be a good investment but calling it a safe haven might be over exaggeration. We all know how volatile Bitcoin is and how it may be up one hour then it will be down on another. This needs sound mental faculties and lots of patience and discipline if you want to reach your goals of financial independence on cryptocurrency. Surely you can call Bitcoin a safe haven once you have cashed out your millions.

It can't due to its volatility feature and the people must be aware of that situation before making a huge investment in this thinking they could get 100% assurance for the returns as it wasn't likey it has. Unless if you have a lot of money and never mind if you lose it, it wasn't a big deal but for us who are just hoping for positive results of our investment must have to be careful and don't give everything in here because the truth is that we never know what will happen in the future.

[mksundip]

Bitcoin could be viewed as an alternative to banking system, and we don't need to deem it as safe haven. Actually there's no asset that is safe, even gold and oil fluctuates.

What bitcoin can offer is that it can somewhat been a leverage, but we have to understand that it is very volatile as well, so that risk is high.

the shortage of bitcoin is volatile. even though you say bitcoin as an alternative to banking I don't think it's very appropriate, because what can be like an alternative to banking is USDT. where USDT is not volatile. but for security bitcoin can be a banking alternative.

[ReiMomo]

Bitcoin is a cryptocurrency digital currency. It is very popular all over the world. The current world is now looking at Bitcoin with colorful eyes. However, Bitcoin seems very bad to many, but very good to me I think so Because I have been working on this bitcoin platform for many years. But here I did not see any bad.So if people call it bad then accept it,This is a very safe haven for me.

For those who look for places to store their illegal assets, BITCOIN should be a safe haven. Yes, the moment i read the OP, this came into my mind. Other then the above,  Its a the best platform to invest and earn even above the extend that we never thought of. Thanks to Satoshi for introducing us such platform. It might be directly or indirectly many in the world are benefiting out of Bitcoin. So, lets say its a heaven.   

[bhooscream]

here I did not see any bad.So if people call it bad then accept it,This is a very safe haven for me.

We basically cannot say that no bad thing in Bitcoin investment. Volatility can be a bad thing if someone doesn't know how to deal with Bitcoin. That's why it is a must to have sufficient knowledge if someone wants to invest in Bitcoin. It is not a very safe investment, it is a high-risk investment. But the good thing is that Bitcoin offers possible bigger profits. We must admit this fact, don't think it is a really safe heaven.

[Mahanton]

here I did not see any bad.So if people call it bad then accept it,This is a very safe haven for me.

We basically cannot say that no bad thing in Bitcoin investment. Volatility can be a bad thing if someone doesn't know how to deal with Bitcoin. That's why it is a must to have sufficient knowledge if someone wants to invest in Bitcoin. It is not a very safe investment, it is a high-risk investment. But the good thing is that Bitcoin offers possible bigger profits. We must admit this fact, don't think it is a really safe heaven.

People should really be putting up into their minds about that thing that risk is always on attached on things even theyre dealing with the most supported crypto which is Bitcoin.Volatility will really be the issue
but also a main thing on why people do really make out profits in long term.Safe haven is something talking about protecting yourself on such risk which is impossible because if you do deal with crypto
investment then you do automatically tying up yourself into risk which you should really be aware of it on the first place if you dont like to mess up later on.

[tabas]

So if people call it bad then accept it,This is a very safe haven for me.

Not new anymore. Many times not just in present time but as well as in the past years, many have called bitcoin with bad calls. You name it, a scam, an illegal money and whatsoever that you can think to name it negatively.
As it being said as a safe haven for you, there will also be those people that won't agree to what you've said. But as a bitcoin holder, we all agree in every positive thing that bitcoin has.

[Pom_bensin]

i think there is bunch thread alike this. but in my opinion it always depen on you for long term run bicoin already proof that the value always up. but for short term you can see the volatility and looks not safe at all

Bitcoin volatility can be overcome by applying a targeting system to the bitcoins that we have. when the market experiences a decline or an increase we can manage bitcoin well so that even in the short term we are still safe using bitcoin.

[blckhawk]

Bitcoin is a good investment especially if you have lots of risk money, but do not consider it a safe haven. because the economy of bitcoin is very volatile and is easily manipulated, there are times that the price of bitcoin will go up and also there are times that it will go down. so if you are thinking of investing in bitcoin  you should always consider the state of the market so that you can always maximize your profits and minimize your losses

[bhooscream]

Bitcoin volatility can be overcome by applying a targeting system to the bitcoins that we have.

What do you mean? I don't really understand about targetting system you state above. Of course, every Bitcoin holder has their own target to sell the Bitcoin, I also have my own target for selling rate or time. But I never said it as a system, it is just a common plan that every Bitcoin holder must think. Not really sure how to overcome volatility, but probably we can deal with the volatility by learning the Bitcoin market nature.