Is Bitcoin a safe haven???

[Coyster]

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.

Remember that people have also lost funds with it, but many of them are short term/get rich quick investors, Bitcoin is a long term project, and speculators who speculate with the price are to expect returns in the long run, but in the short term there can be quite a lot of drop/plunge/correction, call it whatever, but it could lose a lot in the short period to volatility, it does not hold its value for a long period of time, that is why it is not a safe haven asset, or a sort of store of value like Gold is.

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.

Bitcoin would prolly be the best to do such with, but please never consider that option, lol, that would be investing more than you can afford to lose.

[Hyphen(-)]

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.

Looking up how many people believe Bitcoin, as well as investing in Bitcoin, you should know that it is truly worth the hype, so nothing like exaggeration. So far, Bitcoin is the best crypto investment I can make without fear of losing money.

[boris singer]

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.

Because in fact it is too naive to say bitcoin is a safe place to store money.
It's true what you say because the volatile and unpredictable nature of bitcoin doesn't deserve to be called this is a safe and comfortable place but on the other hand why do many people like this because there really is no other answer because this is a pretty good place to investment.
when you see so many people who have lost hundreds, thousands, tens of thousands and even more than imagined, of course it is very hard to believe that this is something safe but when you understand the procedures for being here you can see which diamonds where iron.

[Abiky]

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.

The reason why BTC isn't a safe-haven is because its value is tied to Fiat. In Fiat terms, BTC's price is volatile. But in pure crypto terms, it is not. 1 Bitcoin = 1 Bitcoin, right? All it takes is for the world to ditch the Fiat standard in order to embrace the Bitcoin standard with open arms. Fiat currencies like the USD and EUR would no longer be relied upon as a standard unit of account, as they're replaced by Bitcoin itself.

While this is unlikely to happen with the short term, it might happen in the future if Fiat continues to lose ground. Hyperinflation of Fiat currencies will lead us to "hyperbitcoinization" faster than you could've ever imagined. Bitcoin is working as intended as a decentralized cryptocurrency no one can stop. Who knows if the next 10 years, Bitcoin will relied upon as a safe-haven asset by everyday people? Just my thoughts

[Majestic-milf]

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.

To say Bitcoin is a safe haven may seem a bit of a stretch as there is volatility in price and then, it will also mean that BTC is more precious than say gold or diamond. Investors and traders will not be quick to call it a safe haven as there are times the market is not stable and if you are not patient when such things happen, you could sell off your BTC.
 In as much as there are people who cash out from it, I think it will be safe to call it an investment.

[BOAEDAN]

If you ask whether bitcoin is a safe place, in my personal opinion bitcoin is one of the safest cryptocurrencies, although lately the bitcoin price has been declining but crypto currency has become the choice of investors in almost all countries, even now bitcoin has become the ruler the big market for crypto currency, even bitcoin is now getting more and more famous and has been loved by almost all circles.

[sklopan]

And what are the critical questions can be to bitcoin? As for me, in terms of investment, bitcoin is a completely safe option.

[Nitt371]

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.

[Pmalek]

You can even call the dollar or euro pretty stable...

Stable in relation to what? People often say 1 BTC = 1 BTC. If we go by that logic and say $1 = $1, we have to discuss the purchasing power of that unit or asset. Think about what you could have bought with 1 BTC 10 years ago and what you can buy today. Now consider the value of the USD 10 years ago and what it is today. Go back even more like 40 or 50 years into the past to see what the money printer has done. 

[Oshosondy]

Bitcoin would prolly be the best to do such with, but please never consider that option, lol, that would be investing more than you can afford to lose.

This is bitcoin and not altcoins, not also trading. Altcoins investment  can be seen as gambling, trading too can be seen as gambling, someone can invest in altcoin or trading and lose more and more because they are both risky. Altcoins are risky because there are many shitcoins, but there are good ones like ethereum and binance coin. For bitcoin, it is a safe haven, invest for long to realize this and see how price volatility is just a deceit.

[Crptomagma]

It is not a 'safe haven'. Btc is a risk and any asset that is volatile  is not a safe heaven. Though holding it for a long period of time will give u what u want to an extent but it is not guaranteed. It is always advicable to trade btc with caution, invest sensibly because you might gain this minute next minute you are crying...... It really needs patience in trading and investing in btc....

[GeorgeJohn]

It is not a 'safe haven'. Btc is a risk and any asset that is volatile  is not a safe heaven. Though holding it for a long period of time will give u what u want to an extent but it is not guaranteed. It is always advicable to trade btc with caution, invest sensibly because you might gain this minute next minute you are crying...... It really needs patience in trading and investing in btc....

in what aspect do you devalues it, or you categorize that bitcoin is not safe. It's very obvious if you are emphasising on business risk, no business that does have a risk measure, so therefore bitcoin is safe to invest on, it can only be unsafe from my perspective when it's hold for long time  with good wallet, like ELETRUM and coinomi and trust wallet. So in summary bitcoin investment is very safe if you understand the rudiments.

[blockman]

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.

Sure it has a rollercoaster ride but upon all crypto investments, we can really say that bitcoin is a safe haven. It's far from rug pulling unlike those projects that have done it already and it is for sure that there will be other projects that have been just waiting for the timing to do it.
Yeah, fiat or cash is stable but its value is dropping due to the inflation and that's why bitcoin is a much better retainer of value it's an appreciative asset regardless of what we're seeing right now and it's just part of its growth.

[Awaklara]

Since the beginning of Bitcoin, the price given has always increased every year, even though in the course of the year the coin has experienced extraordinary price fluctuations and has become commonplace when we have followed Cryptocurrencies for a very long time, especially Bitcoin commodities have a very large scale. which is very large, that's why investing in Bitcoin can be said to be safe even though it experiences a deep price decline but the price of Bitcoin will always rise higher.

[Minecache]

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.

Bitcoin is only considered the safest in crypto, not the safest asset in the world, even gold is by no means 100% safe. But bitcoin is a good investment, looking at bitcoin price, no other asset class can be as profitable as bitcoin. It only took 12 years for bitcoin to go from $1 to tens of thousands of dollars, and it didn't stop there.


Although it can be highly profitable but diversify your portfolio and not just focus on crypto, we will be able to minimize the risk.

[rodel caling]

Yes it is even though that begin doesnt have a fix value but it is a part of our life now. we never know before that this bitcoin will be very popular. but look bitcoin now it has a big value. bitcoin started from unknown and a small value but then now look how big the value of bitcoin. I know for the future it will goes up up and up...so we dont need to worry about because in the future we will gain more profit from bitcoin. it is clear from a small value to a big value. so for me it is safe to haven.

[skarais]

Bitcoin is only considered the safest in crypto, not the safest asset in the world, even gold is by no means 100% safe. But bitcoin is a good investment, looking at bitcoin price, no other asset class can be as profitable as bitcoin. It only took 12 years for bitcoin to go from $1 to tens of thousands of dollars, and it didn't stop there.

Bitcoin is a safe asset for investment compared to altcoins but certainly never safe from its price volatility. What I mean by safe is the security standard that bitcoin has where we really know that no hacker has been able to hack bitcoin till now but hackers can only explore the weaknesses of bitcoin users who fail to implement wallet security.

Price volatility makes investors and traders both profitable, but we should also not overlook how much loss can be caused by investor greed or the failure of investors to understand a volatile market. It all depends on the strategy, but bitcoin remains a safe asset to some extent.

[Jody.Drummer]

Yes it is even though that begin doesnt have a fix value but it is a part of our life now. we never know before that this bitcoin will be very popular. but look bitcoin now it has a big value. bitcoin started from unknown and a small value but then now look how big the value of bitcoin. I know for the future it will goes up up and up...so we dont need to worry about because in the future we will gain more profit from bitcoin. it is clear from a small value to a big value. so for me it is safe to haven.

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.

[ForMeritt]

Of course, a lot of people keep their assets here because they really believe in Bitcoin, if we talk about security it is very safe, but if about this price it is not recommended because the price of Bitcoin is unstable, and it is more suitable to invest in Bitcoin.

If in the real world we only place assets in Gold and we all know that gold is a very good place for security issues, and if in the digital wallet world Bitcoin is the main choice.

[Freeveto]

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.