Is Bitcoin a safe haven???

[bayu7adi]

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

Interesting thought , but to date Bitcoin is the metric that has the most influence in determining the direction of the cryptocurrency market. Storing assets in several different places, of course, minimizes the risk when other assets experience problems. But if Bitcoin proves to be problematic, is this a sign of the end of the cryptocurrency's existence?
A large percentage of all altcoin assets will also be destroyed, my mind is like that.
So, storing assets in multiple places has a fixed reference to the Bitcoin price.

[Myntist.official]

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...

who is that expert? I don't think so this gonna happen for at least 50 years and which small coin you are investing ??

[Myntist.official]

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.

Many big investor in the past having said that Bitcoin is just like a bubble, Once this bubble boom you don't have anything in your hand. If BTC is the safe haven then Chinese  would definitely fill up their bags. What you say is BTC backed by US government or Elon musk 

[Ojengonggu]

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.

Many big investor in the past having said that Bitcoin is just like a bubble, Once this bubble boom you don't have anything in your hand. If BTC is the safe haven then Chinese  would definitely fill up their bags. What you say is BTC backed by US government or Elon musk  

Why do you say that as if there is still no belief in bitcoin's growth so far.
Do you doubt bitcoin because the current bitcoin price seems like an unclear bubble.
It's true that bitcoin so far has not had great support from the US government, but hasn't bitcoin already had a push from Elon Musk?

[Coin BTC]

I think this is a very safe haven, and we all know that the most expensive currency in the world of cryptocurrency is of course aimed at the King of Coins, namely Bitcoin, and Bitcoin is the only coin that all countries can invest in Bitcoin, and we can say Bitcoin is very Safe Haven.

[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

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.

yep bitcoin has many benefits of utility

before bitcoin i was into share trading. and had all the headaches of banks wanting their cuts/commissions/taxes/duties paid and also having to explain my trades. when i wanted to exit and avoid further taxes i thought about putting funds into a trust or offshore.. this required more headaches and more meetings with bank managers and lawyers to create a bank contract and account that would work.. and all the costs and fee's related to this.. (more headaches)

yet with bitcoin. its a simple move funds to an address.. done
i can without anyone else. create multisig if i want a family trust of certain parties to agree on how funds should be spent. or i can create a way to encode the private key into keywords(seed) and put them into a will. all without involving third parties, where only the recipient knows what the secrets are
i didnt need to declare it or announce it as the funds were not 'cashed out' in local jurisdiction.

and thats just some examples of what bitcoin offers

[ilovealtcoins]

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.

No asset is 100% safe for you, not even gold or real estate. Just by diversifying our portfolio, we will reduce some of the risk. Bitcoin's volatility makes it not really a safe haven for speculators but in the long run, bitcoin can be seen as a safe haven as its price increases over time. Bitcoin is suitable for long-term holding strategies. Bitcoin is suitable for long-term holding strategies and without exaggeration, it has grown from $1 to $69k in 13 years. There is no property that can do this.

[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.

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.

By the way, I read an interesting thought today that bitcoin is no longer the asset we are used to and what it used to be. It is now as speculative an asset as the S&P or NASDAQ, for example. There are now many funds and large speculators, and there are various ETFs. If bitcoin used to disobey market movements, now it completely copies them, you can see it yourself by comparing the charts. But I still believe in a good future for bitcoin.

[amihada]

Bitcoin proves to be the safest place, proof there is a big whale wallet hacked?
bitcoin is safe and there is no doubt, if there is a stolen wallet it is purely from the fault of the key holder's wallet it can be known by others, as long as the key is not known by others even though the wallet holder has died then the treasures in the wallet cannot be found. taken by someone else.

[sklopan]

I think that bitcoin is conditionally safe. Why conditionally? - everything is quite simple. If it is quite possible to be calm about the safety of funds, then the course may surprise.

[molsewid]

Bitcoin proves to be the safest place, proof there is a big whale wallet hacked?
bitcoin is safe and there is no doubt, if there is a stolen wallet it is purely from the fault of the key holder's wallet it can be known by others, as long as the key is not known by others even though the wallet holder has died then the treasures in the wallet cannot be found. taken by someone else.

In terms of technicalities, there's no doubt that bitcoin is secured but when we talk about other thing such as volatility, it is not the safe haven you are thinking. There is no safe haven for me in the world of investment, everything has its own risk, risk that a certain person need to manage. Maybe bitcoin among all other coin is the best coin to buy this season, I rather buy small amount of it rather than investing in some other token or some shitcoins in the future.

[Ultegra134]

While I'm a supporter of Bitcoin who has gone through several difficult periods of bear market and also supports the principle of 1 BTC is equal to 1 BTC, the risk is always there. Despite that I'm accustomed with its ups and downs, Bitcoin is a volatile asset, among many others, thus, the factor of risk is always there.

I believe that the market will recover at some point throughout 2023, till then, we'll need to be patient enough to get through this phase.

[Prince Malik]

Bitcoin is a good investment yes and alot of people already make huge profits because they believe in bitcoin and blokchain technology, but its too late to say that bitcoin is a safe heaven, alot of countries wanted to ban crypto and make limitations and high fees for users and alot of people got wrong ideas about crypto so i don't think is investing in bitcoin now is a safe heaven

[doomloop]

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.

From what I have seen, USA printed 40% of all the money they ever printed in the last 2 years. That should be something to worry about as well. This means that the inflation we are having today shouldn't be just a temporary thing and it will be something that will stay that way for a long time.

I believe that it is going to be here for stay and it will be taking a while before we could ever go back to a world where it is just 1-2% inflation, maybe never. This should cause bitcoin to go up, and it would make it a lot better because if people are losing money in dollar, then people who hold bitcoin end up with making that money instead.

[teosanru]

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 the logic why people call it a safe haven is not because it can earn you millions or it's volatile, people call it safe haven because if you see past trend bitcoin has always bounced back, no matter how down it went, it always comes back and beats it's all time high after every few years, this is the reason why people feel no matter how much you lose the money in unrealized P&L it'll definitely go up some day and you'll be able to earn that money back.

[LUCKMCFLY]

Based on my personal opinion and only what I know if I see BTC as a safe haven, I am aware that it can go down and down a lot, but I know that in the long run BTC will never disappoint me, this is what I have learned, if they give me the opportunity to buy and choose what to buy between Gold and BTC, I would undoubtedly choose BTC.
The BTC is really the asset that I trust the most and that is not bought like shares in the stock market or like any other speculative market, I know that many differ from my thinking, but I have always been clear about it.

[buwaytress]

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.

yep bitcoin has many benefits of utility

before bitcoin i was into share trading. and had all the headaches of banks wanting their cuts/commissions/taxes/duties paid and also having to explain my trades. when i wanted to exit and avoid further taxes i thought about putting funds into a trust or offshore.. this required more headaches and more meetings with bank managers and lawyers to create a bank contract and account that would work.. and all the costs and fee's related to this.. (more headaches)

yet with bitcoin. its a simple move funds to an address.. done
i can without anyone else. create multisig if i want a family trust of certain parties to agree on how funds should be spent. or i can create a way to encode the private key into keywords(seed) and put them into a will. all without involving third parties, where only the recipient knows what the secrets are
i didnt need to declare it or announce it as the funds were not 'cashed out' in local jurisdiction.

and thats just some examples of what bitcoin offers

Was doing a smattering of forex for a bit, and then I just did online currency exchange (p2p, as the exchanger), so like Localbitcoins but with a hell lot more different types of currencies, this was the mid-2000s and Asia was awash with all kinds, and then a little thing called e-gold which I actually thought was brilliant. Fees and commissions, never mind, but when the big bad US took to e-gold and me and thousands of others lost everything literally overnight, hit me so bad I ignored Bitcoin when it emerged years later.

Had I understood it better then, I'd have got into it sooner. Have to thank my circumstances for actually bothering to read into it in 2015, and then getting my own in 2016.

And yeah, so many practical, actual examples, which you really don't get with anything in its class.

[cheezcarls]

I ain’t calling Bitcoin a safe haven because it is prone to market volatility. I’ll just say that it’s the most valuable cryptocurrency for us to buy and hold in the long term as it is widely adopted by countries worldwide (especially the likes of El Salvador and Central African Republic who made Bitcoin a legal tender). Remember that there are no promises or guarantees in the world of crypto, so only invest or trade an amount that you can afford to lose.

[Desmong]

I think this is a very safe haven, and we all know that the most expensive currency in the world of cryptocurrency is of course aimed at the King of Coins, namely Bitcoin, and Bitcoin is the only coin that all countries can invest in Bitcoin, and we can say Bitcoin is very Safe Haven.

Bitcoin is a reliable coin that is very volatile and we need to have this in mind when investing in it. It has strong force behind that keeps the cryptocurrency market in momentum. Bitcoin to me is a big safe heaven that had saved the lives of investors who has invested in it when the price was still little. More opportunities are coming that is why we need to be  alert and buy now that the price is low.

[abel1337]

Telling bitcoin a safe haven is hard thing to do. Given its characteristic that it is volatile, it would be hard to convince someone to put up all their asset into it. But yeah, bitcoin is better  amongst all the other crypto tokens out there, Bitcoin today would be hard to abandon because it is the king of crypto.

If I'm given a situation to store all of my money into crypto except stable coins, I would preferrably put it all into bitcoin since it survives many bear market among all the tokens.