Is Bitcoin a safe haven???

[maartenhaha]

everyone knows the price of bitcoin is unstable, the question of bitcoin a safe place is wrong, if you want a safe place, just choose usdt because the price is stable if you choose bitcoin for assets, the risk is high, you may lose, you can become a billionaire, but advice If you want to invest in the long term, it is very appropriate if you choose bitcoin.

[DrNicholson]

Unfortunatly bitcoin is not safe haven, As of May 17, 2022, I think this has become obvious to everyone. Bitcoin is an excellent investment tool, but not for savings. Many people come to us in https://medzone.clinic/ to treat their nervous breakdowns because of unsuccessful investments in bitcoin, and because they kept money in it

[Ale88]

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.

Nothing is this world is safe, nothing can be 100% sure (except death and taxes). If making money with bitcoin was so easy everybody would do it and yet we have a lot of people buying high and selling low because they fear they're going to lose everything. For sure at the same time it also requires a lot of auto control, oftentimes even simply hodling can become a challenge.

[AakZaki]

everyone knows the price of bitcoin is unstable, the question of bitcoin a safe place is wrong, if you want a safe place, just choose usdt because the price is stable if you choose bitcoin for assets, the risk is high, you may lose, you can become a billionaire, but advice If you want to invest in the long term, it is very appropriate if you choose bitcoin.

All investments have risks, but I think so far the safe investment is on gold or land.  The consensus of the world community and the government has recognized that. If comparing with Bitcoin is certainly very different, their consensus is only agreed by a few people, even the government is still in the research stage. This means that Bitcoin is still limited to certain circles, although today's developments they are very good. Whether for the future, so far post halving indeed bitcoin always touches a new high price. It is indeed a little interesting according to the calculation of the price of BTC will continue to rise due to the increasingly scarce supply.

[BITCOIN4X]

All investments have risks, but I think so far the safe investment is on gold or land.

I agree about these two investments and so far I think they have minimal risk which is safer than crypto investments.

The consensus of the world community and the government has recognized that. If comparing with Bitcoin is certainly very different, their consensus is only agreed by a few people, even the government is still in the research stage. This means that Bitcoin is still limited to certain circles, although today's developments they are very good. Whether for the future, so far post halving indeed bitcoin always touches a new high price. It is indeed a little interesting according to the calculation of the price of BTC will continue to rise due to the increasingly scarce supply.

Bitcoin holds the most fantastic record as a profitable investment asset in the last decade compared to gold or land. I know bitcoin investing is high risk but worth the payoff. 1 bitcoin in 2010 may have made the holder buy 1 kg of gold in 2021, but investing 1 bitcoin worth of gold in 2010 cannot buy 1 kg of gold in 2021. I think that is only a small comparison regardless of the risks.

[Rufsilf]

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.

I think nobody has said that investing in bitcoin can be considered as a safe haven as most people especially businessmen really knew how volatile the market is, and actually, no such investment in this God's green earth is a safe haven even stock and real estate. But bitcoin can be used as a safeguard against inflation.

Surely you can call Bitcoin a safe haven once you have cashed out your millions.

Now I'm not certain what's the definition of your safe haven.

[passwordnow]

I think nobody has said that investing in bitcoin can be considered as a safe haven as most people especially businessmen really knew how volatile the market is, and actually, no such investment in this God's green earth is a safe haven even stock and real estate. But bitcoin can be used as a safeguard against inflation.

Many did but the context is about being a safe haven from those manipulation that could lead the other tokens to zero or the popular call we have today as rug pull. 2018 and past below those years, there's no term yet for that but an exit. And as for bitcoin, it's a safe haven from all of those potential exits since there's no more satoshi that have shown up and there's no central power that can just dump all at once. But, there are the whales that can still manipulate the market but it's not going there as exits that will pull the value of it nearly zero.

[goldkingcoiner]

All investments have risks, but I think so far the safe investment is on gold or land.

I agree about these two investments and so far I think they have minimal risk which is safer than crypto investments.

The consensus of the world community and the government has recognized that. If comparing with Bitcoin is certainly very different, their consensus is only agreed by a few people, even the government is still in the research stage. This means that Bitcoin is still limited to certain circles, although today's developments they are very good. Whether for the future, so far post halving indeed bitcoin always touches a new high price. It is indeed a little interesting according to the calculation of the price of BTC will continue to rise due to the increasingly scarce supply.

Bitcoin holds the most fantastic record as a profitable investment asset in the last decade compared to gold or land. I know bitcoin investing is high risk but worth the payoff. 1 bitcoin in 2010 may have made the holder buy 1 kg of gold in 2021, but investing 1 bitcoin worth of gold in 2010 cannot buy 1 kg of gold in 2021. I think that is only a small comparison regardless of the risks.

The very point of Bitcoin is severely misunderstood by many people. They act like Bitcoin is some sort of store of value for fiat and a way to make more fiat. While it is a wonderful hedge against inflation, so is gold and other precious metals which have many everyday, irreplaceable use cases. From my own perspective fiat needs to be phased out and replaced by Bitcoin entirely, so that there is a depegging from fiat and the only thing Bitcoin will be pegged to are things and services you can buy. And which are worth buying with Bitcoin instead of fiat.

But the question is how do we do that so that 1 BTC truly becomes 1 BTC?

[Abiky]

The risk of investing in cryptocurrencies is indeed very large. for anyone who is not prepared to risk price fluctuations then they will regret it. Like the Luna holders who bought LUNA for around $100, they went bankrupt and of course went through tremendous mental stress, millions of dollars instantly became thousands of dollars.

Same is the case with other altcoins or Bitcoin. Bitcoin cannot be used as a safe haven asset because bitcoin has a high volatility. if you have safe haven assets, it is better to switch to gold or property. Bitcoin is only used as a high risk high return investment.

Exactly. The high volatility is what kills Bitcoin's ability to be used as a safe-haven asset. Gold is volatile too, but at a lesser degree than Bitcoin itself. Who'd want to rely on something that's constantly changing in value over time? With what happened with LUNA lately, I'd think twice before relying on any cryptocurrency as a long-term investment. Bitcoin may be the strongest cryptocurrency in the world, but it's not immune to a high drop in price if things go wrong in the long run.

Ultimately, it's all about minimizing risks. As long as you diversify your investment into more than one cryptocurrency, you'll have nothing to worry about. Just my thoughts

[dataispower]

In crypto patience is the best weapon to become successful in this industry. The volatility of Bitcoin is every imminent wherein it can give you profit or it will give you saddened loses anytime. Market has cycles that's why it's best to make the timing so important to enjoy the crypto success in the long term haul and waiting for the bull seasons to come through.

I don't know how you have such ideas. Some newbies have reason than some people who have stayed long in bitcoin. The only thing you have to keep your Bitcoin to be for profit line of investment is to being patience. When you study the market geography is when you will know what the market will result tomorrow and what it can result out now. Some people go into lost for cryptocurrency investment through lack of the ideas of being patient with the price speculation of bitcoin. When you keep your coin and it stays for long time if bull market meet it, you will have profit

[fauzan Ichsan]

In crypto patience is the best weapon to become successful in this industry. The volatility of Bitcoin is every imminent wherein it can give you profit or it will give you saddened loses anytime. Market has cycles that's why it's best to make the timing so important to enjoy the crypto success in the long term haul and waiting for the bull seasons to come through.

I don't know how you have such ideas. Some newbies have reason than some people who have stayed long in bitcoin. The only thing you have to keep your Bitcoin to be for profit line of investment is to being patience. When you study the market geography is when you will know what the market will result tomorrow and what it can result out now. Some people go into lost for cryptocurrency investment through lack of the ideas of being patient with the price speculation of bitcoin. When you keep your coin and it stays for long time if bull market meet it, you will have profit

it will be profitable when the bullish season arrives if we sell it, because many people continue to hold it, until the bearish season comes, except when investing with the aim of holding it for the long term. but sad for those who are attacked by greed, and cannot take advantage of opportunities well. there can be panic selling which is actually experienced, so for that we must have knowledge and goals

[mich]

I believe Bitcoin is one of the safest asset classes to hedge against inflation. The government has pumped trillions of dollars into the economy during the pandemic and now even more spending with the war in Ukraine.
All this government spending depreciates the value of the dollar significantly. Alternatively, BTC is limited in supply and I believe this recession will not significantly affect the price. Better still, an investment in BTC will likely appreciate dramatically over time.
The price is low right now and it’s definitely one the best positions to be in for the next few years.

[serjent05]

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 discussing we should know first what is the meaning of safe haven. From several definitions given on the internet,

A safe haven is a place, a situation, or an activity which provides people with an opportunity to escape from things that they find unpleasant or worrying.

I don't think Bitcoin can be considered as that because once we have a stash of it, worries will flock in.  These worries are price volatility, institutional acceptance and regulation, hack/theft, and inheritance.

Worries about price volatility:  We all know that Bitcoin is highly volatile, it would be wishful thinking that the Bitcoin market or price will be forever up trending.  This can be debatable because lots of us believe that Bitcoin will go up as adoption and demand increase but I believe that there is always this maximum threshold that when achieved there is no other way but a downward path.

Institutional acceptance and regulation:  In both bitcoin-friendly and unfriendly countries, holders always worry about the countries' regulations.  May it be tax or law on bitcoin acquisition, Definitely this contradicts the definition of safe haven because the worry-free opportunity is nullified.  Funny how many of us think that we had escaped the central authority when in reality, we can't because the moment we spend our BTC on the internet, we have already entered centralization.  P2P may be an answer but would we trust people that we don't know? So even in P2P transaction, worry is always present.

The rest can be self-explanatory.

[velive08]

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 is true that Bitcoin price movements are very volatile but that is the reason to be able to make Bitcoin a good place to invest, for security I also believe that investing in Bitcoin is for the long term, because every year sooner or later Bitcoin always recovers from the past and the possibility of that too will be the same in the future. just need to be patient and don't panic when the Bitcoin price falls.

[franky1]

safe haven:
can you put value safely away from the wife during a divorce.. bitcoin says yes
can you put value safely away from family until YOU decide.. bitcoin says yes
can you put value away without the need of a bank manager.. bitcoin says yes


with fiat. if you want some off-shore account or some trust fund. you need lawyers and bank managers and alot of peoples acceptance and planning.

with bitcoin you just need a private key

as for store of value.
FORGET THE PRICE

thats just the cream ontop the milk. the curd that can be thin or thick depending on the day and temperature.

the real milk thats good for you sits under this curd.
thats the value.

take the real store of value. its above $20k.
the 'price'(curd/cheese) layer ontop.. its the speculation of the fighting over who needs it most. ABOVE value

this is what people pay extra for even if they dont want it.

when you go to a retail store to buy milk. you are only looking to buy the milk but the retail price also includes all the extra costs involved in the milk curd aswell.
yep the pasteurisation and filtering and all them stuff that goes into it.
so when you see 2litres of milk for £1.50 at retail. what you should be thinking about is the milk(value) alone should be more like £1.

but you wont see the retail(price) at £1. because the milk curd costs are included in the PRICE.. yes your paying for the curd even if you dont want it

so forget looking at the bitcoin market PRICE as the 'store of value'(milk)
imagine a separate line below it as the VALUE line. and anything above it is just speculation
when there is very little speculation. then the PRICE is good value(cheap). when the PRICE has massive speculation. then its bad value(premium)

EG imagine 2021-2022 as a $20k value line
the ATH of $69k was massive speculation of $49k curd/bubble/hype.. =bad/premium
the ATL of $27k is small speculation of $7k curd/hype = good/cheap

[fzkto]

Bitcoin is definitely a means of saving and a safe haven for your funds if you can afford to forget about it for a long time. Throughout its history, bitcoin has yet to disappoint its long-term investors. And if you suddenly need to buy a new macbook or change the engine in your car with your bitcoin investment, believe me, it will happen at the most inopportune moment.

[Rufsilf]

Bitcoin is definitely a means of saving and a safe haven for your funds if you can afford to forget about it for a long time. Throughout its history, bitcoin has yet to disappoint its long-term investors. And if you suddenly need to buy a new macbook or change the engine in your car with your bitcoin investment, believe me, it will happen at the most inopportune moment.

Bitcoin has been and already proven to be trusted as an investment throughout the times since it came to the market over a decade ago despite its volatility factor, big thanks to the Founder, SN! Moreover, investing in bitcoin will give you a hedge against inflation and that same investment will always increase throughout time because there's also a halving phenomenon every 4 years.

[Mr.sprin]

so far no big investors say bitcoin is not safe many I have met say bitcoin is not safe only people who want bitcoin to fall they create ways or fake news to drop bitcoin price. so if the question is bitcoin a safe place, the answer is bitcoin is really a safe place.

[dragonb]

i just read yesterday that a crypto expert (i don't know if he named himself that haha) believes that bitcoin will eventually reach $500,000...well i'm curious.... I am now more interested in "small" coins, because the potential is still much greater, I think...

[buwaytress]

safe haven:
can you put value safely away from the wife during a divorce.. bitcoin says yes
can you put value safely away from family until YOU decide.. bitcoin says yes
can you put value away without the need of a bank manager.. bitcoin says yes

Man I always thought of stuff in this way BUT I could never actually think of these 2 family examples even though this is actually how and why I've stored my modest inheritance valuein Bitcoin, away from extended family and only in the hands of one trusted member, until the day I decide.

No other option allows me do this without, as you say, trusting some other unknown and unknowable entity.