Is Bitcoin a safe haven???

[taufik123]

In this case they are actually not something to worry about because as you said, as long as you believe and keep waiting for sure something better will continue to come in Bitcoin but that doesn't mean this is something that is also safe in terms of price volatility because they really believe it is we must but we also have to be careful because with such a large price volatility it is clear that research and planning must always be there.

Volatility will be a big risk if you are not ready with crypto. Although some people believe in bitcoin and believe that bitcoin is able to become the best and reach new ATH, risks such as high volatility of price fluctuations do need to be watched out for, because if you don't think about some of these risks. Price fluctuations will play with psychology so it will be dangerous for those who are not prepared. Research and some management or planning are necessary for the investment to go well.

[Lanatsa]

In this case they are actually not something to worry about because as you said, as long as you believe and keep waiting for sure something better will continue to come in Bitcoin but that doesn't mean this is something that is also safe in terms of price volatility because they really believe it is we must but we also have to be careful because with such a large price volatility it is clear that research and planning must always be there.

Volatility will be a big risk if you are not ready with crypto. Although some people believe in bitcoin and believe that bitcoin is able to become the best and reach new ATH, risks such as high volatility of price fluctuations do need to be watched out for, because if you don't think about some of these risks. Price fluctuations will play with psychology so it will be dangerous for those who are not prepared. Research and some management or planning are necessary for the investment to go well.

Bitcoin was never been a safe haven and we know all of that but there are noobs who do really been minding about having no risk or surely guarantee which is really a  wrong mindset to have.Bitcoin do really have that

high potential on increasing its price or value in the future but dont go all in and invest only on the amount which you can afford to lose and dont make it as your main source of income.
Safe haven doesnt exist even on traditional investments that we do have today even on those casual ones and on every investment there would be always a certain risk.

[kawetsriyanto]

Bitcoin is indeed a safe heaven in my opinion when you take account the performance of Bitcoin and other asset in the last couples of years and differciate them, BTC have had an astonishing performance when compared with other asset like Gold, Stocks, bonds. Until people begin to realize the value of BTC and its problem solving and stop pricing it with the dollar,  that's when I think they're going to fully realize that BTC is a safe heaven.

But not all people know well how to invest in Bitcoin properly, dude. Although it has an astonishing performance compared to other assets, it also has a bigger risk as well. People who don't understand the nature of Bitcoin price and its price history, may buy Bitcoin at the wrong time. Then, they do panicking sell when they hear some FUDs and realize the value of Bitcoin decreasing significantly. So, this can't be categorized as a safe haven asset for all people. Bitcoin is a proper asset for people who have a great mentality and know well what Bitcoin is!!

Volatility will be a big risk if you are not ready with crypto.

That's why before having a Bitcoin investment, we must have sufficient knowledge about crypto and its nature.
Most crypto coins have high volatility, including Bitcoin. So, be careful to choose the time for buying!!

[Cookdata]

I’m not sure there can or will ever exist a safe haven. Especially if we’re talking about currencies. You can even call the dollar or euro pretty stable, but considering how any crypto, especially bitcoin, is a rollercoaster and quite often follows the stocks, bitcoin is definitely not a safe haven.

I think is safe haven is more subjective, the guy who has gold for the past decades in a very cheap state would choose gold over other currencies and store of value, those who were able to buy bitcoin when it was below $10 would be more than happy to called it the fathers of safe haven. I have friends from my location who have been doing Bureau D change for several years who happen to buy dollars when the country was not depending on it for importation but things have changed, the government has been strict about making dollars available for citizens to discourage people from importation and people still need it and the value today has increased more than 3X, they are doing well in that aspect as a safe heaven.

Buy bitcoin, you will enjoy it tomorrow if hold it for long term.

[Botnake]

Volatility will be a big risk if you are not ready with crypto.

That's why before having a Bitcoin investment, we must have sufficient knowledge about crypto and its nature.
Most crypto coins have high volatility, including Bitcoin. So, be careful to choose the time for buying!!

I definitely agree, investing is indeed easy when you have the right budget and capital for it. But the real question is that certain investment would keep up for years? If you have trouble answering that question then that said investment is literally risky because you don't have any knowledge about it neither the basics of it. That is exactly why we need to have our own research about these coins and what to buy or when to buy because all of them might be profitable but only few will survive throughout the time while also generating.

[Ayers]

bitcoin is an investment that generates good returns, but whether it is a safe haven or not depends on how investors use it
as in this year's inflation, we can see bitcoin has failed to present itself as an effective hedge against inflation as bitcoin itself is also affected by economic crises

in the long run, bitcoin can be considered a safe haven, if you use bitcoin to store assets for the long term and likely won't need them for the next 10 years
fiat will continue to depreciate over time and bitcoin will appreciate over time so bitcoin can also be seen as a long-term safe haven

[JohnBitCo]

Bitcoin is indeed a safe heaven in my opinion when you take account the performance of Bitcoin and other asset in the last couples of years and differciate them, BTC have had an astonishing performance when compared with other asset like Gold, Stocks, bonds. Until people begin to realize the value of BTC and its problem solving and stop pricing it with the dollar,  that's when I think they're going to fully realize that BTC is a safe heaven.

There is mixed opinion about it. Some people who are long term investors agree that bitcoin is a save heaven but there are many others who think bitcoin is too much volatile to be classified as a save heaven.

[Jo_Liu]

I REALLY DON'T THINK THAT WAY. It is not a safe heaven. Bitcoin is more volatilehttps://xtrading.com/financial-questions/why-are-bitcoin-other-cryptos-so-volatile/, less liquid, and costlier to transact  than other assets (including gold - the traditional safe haven) even in normal market conditions. Until the market matures, it is therefore unlikely to be worthwhile considering Bitcoin as a safe haven.

[MinoRaiola]

Nothing is 100% safe. Many have already written this here and I am the same opinion. Nothing in our existence as human beings is 100% safe. It doesn't matter whether it's money, health, time or other deals. There is only one thing that is 100% safe and that is that each of us will no longer be here in 100 years because we will be dead. And I'm not sure if bitcoin will be around for 1.000 years, nobody knows. Nobody sees the future and that's why it's not a safe haven. Now we can enjoy what we have in our time and make the best of it.

[Abiky]

bitcoin is an investment that generates good returns, but whether it is a safe haven or not depends on how investors use it
as in this year's inflation, we can see bitcoin has failed to present itself as an effective hedge against inflation as bitcoin itself is also affected by economic crises

in the long run, bitcoin can be considered a safe haven, if you use bitcoin to store assets for the long term and likely won't need them for the next 10 years
fiat will continue to depreciate over time and bitcoin will appreciate over time so bitcoin can also be seen as a long-term safe haven

This has always been about the long-term. It was never been about making a quick buck. Unfortunately, people are too greedy to realize that there's more to Bitcoin than just the price. As long as the "get rich quick" sentiment persists, we won't be going anywhere soon. I'd say Bitcoin is a safe haven that's often better than Gold. That is if you're willing to "hodl" your BTC for years on end. Patience is key towards obtaining great results with your investment.

No matter how low Bitcoin goes, it will always bounce back in price because of its core fundamentals (decentralization, censorship-resistance, limited supply) unlike any other cryptocurrency on Earth. Just wait until the next halving, and you'll be "begging" for Bitcoin to go back to sub $25k prices again. Just my thoughts

[MarjorieZimmermanGinger]

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.

Bitcoin is a safe investment, but I see your focus on risk.
now try to find one reason that might provide a sense of security for us to start investing.
Whether it's business, technology and buying some stocks, then state which category is suitable for us to enter.

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.

Financial independence is our way to change our mindset and our readiness to accept new challenges in investing involving bitcoin.
So far, there are even some people who leave real jobs, in favor of focusing on investing in bitcoin, thus placing them on the list of the rich through crypto in general and bitcoin in particular.
Then what doubts do you have now, if not understanding bitcoin you don't fully understand. Even in the long term you will find the maximum profit from investing in bitcoin

[Sterbens]

It depends on how we define a safe place. Bitcoin for some people definitely consider it safe when compared to other investment places, of course with all the risks. Because there is no place that is completely safe from all losses. I think bitcoin is a safer and easier place for me to control it. It became an attraction in itself so I believe bitcoin is a comfortable place for me.

[BobK71]

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.

Definitely,If any one want to have a safe haven, he must use this bear market. Now it is difficult to say how long this situation will stay, but according to the rules or nature, the position of the bull market is after the bear market. If buying Bitcoin at $21K can sell it at $60K or $80K in the long term then it can be a safe haven for him.

[NicNacCoin]

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.

Before we only knew gold was our refuge.But the current bitcoin can be called our safe haven.The most expensive currency in the cryptocurrency world is Bitcoin and Bitcoin is invested in almost all countries.So the current bitcoin can be called a safe haven.

Yes it is true that we all knew that gold is our safe haven.But even more of a safe haven than gold seems to be Bitcoin in the cryptocurrency world.People invest here the most and it is the safe haven that makes it so popular and the most investable.If Bitcoin wasn't a safe haven, people would never invest in it.

[cloudfir3e]

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.

not only bitcoin but all Cryptocurency assets have a high risk and cannot really be said to be safe because cryptocurrency trading market conditions are quite volatile.
although the profit that can be obtained is high too.
this is related to the distinction between Bitcoin circulation made possible by blockchain technology and Bitcoin ownership accounts that still use a centralized database.

[m2017]

Nothing is 100% safe. Many have already written this here and I am the same opinion. Nothing in our existence as human beings is 100% safe. It doesn't matter whether it's money, health, time or other deals. There is only one thing that is 100% safe and that is that each of us will no longer be here in 100 years because we will be dead. And I'm not sure if bitcoin will be around for 1.000 years, nobody knows. Nobody sees the future and that's why it's not a safe haven. Now we can enjoy what we have in our time and make the best of it.

Looking through the posts in this thread, many talk about gold as a safe haven. Or they say exactly the same about bitcoin. I read all this and I have an idea why people can be so confident and say for sure, as if they are voicing unbreakable truths. Gold, btc, stock market shares and the like are just instruments that tend to lose their qualities over time. That is, I want to say that any asset from the above can cease to be a safe haven, as they are called. The world is constantly changing and the capabilities / values ​​of these assets can also change. Therefore, it is very naive to talk about safe haven. Nothing is 100% safe, as MinoRaiola says above. His post seemed to me the closest in meaning to my idea of a safe haven and discussion of it.

[MinoRaiola]

Nothing is 100% safe, as MinoRaiola says above. His post seemed to me the closest in meaning to my idea of a safe haven and discussion of it.

Thank you for this message. There is one thing that is 100% safe, that we will end in heaven.. or who knows, maybe we will simply no longer exist. We think a lot about unimportant things in life and we invest a lot of time. To live in a country without war, poverty and good health = maybe that is for sure safe heaven for the time we be alive.

[TheNineClub]

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.

Oh it's not just an exaggeration, it's flat out lie. Nothing is 100% safe, and calling something so volatile as BTC safe is just wishfull thinking. Can it become safe and reliable (stable)? Yes, but that takes time, and effort from us the users.

[rby]

All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.

Every investment has risk in it. I don't even know why the word safe haven was invented. Nothing is 100% safe. What we can say about bitcoin is that the network is highly secured. The majority of the losses in bitcoin is from the user end and not from the network end. The major network crisis are just during the hard forks and the fork doesn't happen often. Bitcoiners do upgrades via soft fork and it makes the network stable.

[Lanatsa]

All types of investments have risks including bitcoin, even now I often hear cases of hack wallet because now more and more evil programs are spread to steal data on a PC or smartphone, if we think for the long term then I prefer to save bitcoin in the top exchanges last Use for staking.

Every investment has risk in it. I don't even know why the word safe haven was invented. Nothing is 100% safe. What we can say about bitcoin is that the network is highly secured. The majority of the losses in bitcoin is from the user end and not from the network end. The major network crisis are just during the hard forks and the fork doesn't happen often. Bitcoiners do upgrades via soft fork and it makes the network stable.

This is where people should be minding off that even Bitcoin is popular and mainly been supported by the entire community but it doesnt mean that it do able to get that 0% risk free thing because it cant really be

that possible nor giving out that kind of assurance this is why you should really still have that risk management thing even if you are investing with bitcoin.Never go all in and always set borders or limits which it wont

really be able to affect you once this market would really be making some crash or huge decline.This is why its smart that you wont really be anticipating for assurance so that you wouldnt really be ending up
on getting shocked or frustrated once this market do make out those kind of movements.