Bitcoin is a “safe haven asset”

[siniminomorocomunisakito]

I don't think Bitcoin is a safe haven asset if you ask me and it is up to you on how you keep your Bitcoin safe plus it is also volatile. I am sure you have heard or read somewhere where a person lost some BTC because of some hackers or from scammers. Well, if you compare BTC to other crypto about their security well my answer is BTC but it isn't fully secured asset. If I choose then I would choose BTC since it is more secured compared to other crypto.

What you say is true and has happened and it is always hotly discussed, regarding the potential value, each individual definitely interprets this with various perceptions, especially in terms of hedging value.

Yes, BTC is safer and the fact is that increasing the price of BTC as it is now as a sign of success leads to greater adoption thereby fostering confidence in the opportunities of investing and encouraging further interest from investors and users except that the development of the value of BTC goes in the opposite direction.

[adultcrypto]

The author is right in this assertion because time have proven that Bitcoin is indeed a safe haven asset. Those who have their assets in fiat have inflation to contend with while those who opted for God did not see the kind of gain Bitcoin have achieved.

It is also on record that no one have lost money in Bitcoin except those who are eager to sell even when the opportunity have not presented itself. So, I will rather keep my money in Bitcoin where I feel it is safe for me than in other instruments where the risks are high.

Many people seems to have realized this as shown by the rising interest in Bitcoin. 

[ChiBitCTy]

As a licensed financial advisor I vehemently disagree with this statement.  Gold is really the ultimate "safe-haven" asset. Now bitcoin may one day become one, but it is certainly not there yet and it may take many years to get to that point.  Now I do think it's a great asset to own, as well as a great investment, but it shouldn't be considered "safe" by any means.

[Gaza13]

If you ask me the question then first of all I wanna say that there is no investment for risk is not included. I think that every investment has their own risk from their perspective. If I tell about Bitcoin yes Bitcoin is the most secure and trustable asset but for investment there will be still a risk and that risk has to be faced only when you are going to trade in it.  Because many times it is seen that many traders face losses while doing short term trading in Bitcoin so that means Bitcoin is the most secure but there is also risk here.

What you mentioned above is true, investing in anything such as shares, gold, crypto and the real estate industry has very diverse risks. We need to know that if we invest in gold, it tends to act as a safe haven or as a protector of the value of an asset because its nature tends to be safe and can even rise regardless of the unstable world economic situation. Bitcoin is much better than gold as a hedge and against inflation by holding the asset for a long time. If you sell or trade in the short term, it has become commonplace because the price of Bitcoin cannot be predicted. Prices tend to fluctuate.

[_BlackStar]

I agree that bitcoin is a long-term hedge/store of value asset. But saying that bitcoin is a safe haven doesn't feel completely true. The volatility of the price can cause someone to make a profit - otherwise they can also make a loss. I wouldn't conclude that bitcoin is a safe haven asset - but I tend to agree that it is a worthy store of value asset to consider.

As a licensed financial advisor I vehemently disagree with this statement.  Gold is really the ultimate "safe-haven" asset. Now bitcoin may one day become one, but it is certainly not there yet and it may take many years to get to that point.  Now I do think it's a great asset to own, as well as a great investment, but it shouldn't be considered "safe" by any means.

Looks like I'm on your side - of course. Bitcoin is a great investment asset - it performs better than gold. To reach something like gold - it's still difficult for bitcoin, especially its marketcap and also its use cases.

[Suzume]

Bitcoin give you the freedom of money. Bitcoin is safest way to make money by investment. The currency sure that if you invest in right time then it will be a profitable investment of your life. Bitcoin is the safest way to make money and its decrease your tensed to lose your money you have invested.

If you are a bitcoin investor you know that long term investment in Bitcoin will give you a huge amount of value assist. The price of Bitcoin is increasing the starts of the currency and their price of it is increasing everyday. If you can hold Bitcoin for a long term investment then it will give you a huge amount of profit that will change your life. You can see this holder who hold Bitcoin from the beginning of the currency they have a huge amount of profit. In my opinion Bitcoin is the safest way to make money.

[arwin100]

If you ask me the question then first of all I wanna say that there is no investment for risk is not included. I think that every investment has their own risk from their perspective. If I tell about Bitcoin yes Bitcoin is the most secure and trustable asset but for investment there will be still a risk and that risk has to be faced only when you are going to trade in it.  Because many times it is seen that many traders face losses while doing short term trading in Bitcoin so that means Bitcoin is the most secure but there is also risk here.

What you mentioned above is true, investing in anything such as shares, gold, crypto and the real estate industry has very diverse risks. We need to know that if we invest in gold, it tends to act as a safe haven or as a protector of the value of an asset because its nature tends to be safe and can even rise regardless of the unstable world economic situation. Bitcoin is much better than gold as a hedge and against inflation by holding the asset for a long time. If you sell or trade in the short term, it has become commonplace because the price of Bitcoin cannot be predicted. Prices tend to fluctuate.

Maybe some find it safe its because they think its reliable investment for them and they just didn't consider the risk since what's more important for some investors is its potential profits that can possibly bring out to each investors that will adopt it. Although its volatile feature adds up some risk that can actually make it hard to understand by other people but once they figure out all things about crypto for sure that they find it cool to invest crypto and try to be part of history while the price of bitcoin is quiet reachable. We can say bitcoin is better than anything else for now since we usually invest it on anything we want, But if we are just open on many things like we are a type of guy which didn't put our investment on one basket for sure gold will be another option that can save us for any future financial problems.

[Luzin]

If you can hold Bitcoin for a long term investment then it will give you a huge amount of profit that will change your life. You can see this holder who hold Bitcoin from the beginning of the currency they have a huge amount of profit. In my opinion Bitcoin is the safest way to make money.

As far as Bitcoin periods are met, Bitcoin is probably the best investment asset beyond Gold. The only difference is that Gold is recognized by the Bitcoin world as not yet or not. But remember how volatile Bitcoin is, sometimes making losses. There is even another slam of fluctuation. Like theft, so even though it's safe there's a lot to understand in order for your Bitcoin to stay in your wallet. In addition, mental restraint and patience are sometimes very difficult to have.

[AHOYBRAUSE]

Previously, not only did the world consider bitcoin a highly volatile and high-risk asset, but even those of us who invested in bitcoin considered it a high-risk asset. But I think we should gradually change that concept as well as change the way we call it, bitcoin is no longer a risky asset. Recently AllianceBernstein, an asset manager with $699 billion, called bitcoin a safe haven and even more attractive than gold.

For me, this is the first time I've seen a traditional company admit and call bitcoin a safe haven and consider it superior to gold. What do you think about this and should we stop calling bitcoin a risky investment?
https://blockworks.co/news/alliancebernstein-gold-bitcoin-returns

Bitcoin is BY FAR not a safe haven asset! Why would it be.
There are so many news that can send the price on both directions. Remember when tesla announced the accept btc, it goes up like 10$. Only because of such silly news. And when they stopped accepting and they said they want to sell some btc it went dows.

So how can it be considered safe?
Some whales feel like moving some btc from 1 wallet to another, the price reacts. Btc is as volatile as always in my opinion, especially these days with all the world conflicts and ETF stuff and so on going on.

[pinggoki]

Previously, not only did the world consider bitcoin a highly volatile and high-risk asset, but even those of us who invested in bitcoin considered it a high-risk asset. But I think we should gradually change that concept as well as change the way we call it, bitcoin is no longer a risky asset. Recently AllianceBernstein, an asset manager with $699 billion, called bitcoin a safe haven and even more attractive than gold.

I'm pretty sure that the people who've been in bitcoin for a long time knows that bitcoin is a high-risk asset even before they get into and that's why it's so popular among people that are into revolutionary technology especially in terms of monetary system, this is the pioneering online asset that started it all. I still think that it's a high-risk asset though because the volatility of bitcoin never changed and just because some random asset management group says that bitcoin is a safe haven doesn't mean that it's not a high-risk anymore but I do agree that it's a safe haven though.

For me, this is the first time I've seen a traditional company admit and call bitcoin a safe haven and consider it superior to gold. What do you think about this and should we stop calling bitcoin a risky investment?

I guess it's a cause for celebration but I think that there are others that have already said what they've said although they're not a company, shouldn't you count Tesla buying bitcoins and at one time accepting bitcoin as a payment for Tesla as traditional company that admitted to the beauty of bitcoin. I don't think that we should stop calling bitcoin that because any investment is always risky plus what's the point of not calling it a risky investment? It will only paint bitcoin in a light that it looks too good to be true for the newbies because someone just decided that investing in bitcoin is risk-free.

[TimeTeller]

If you can hold Bitcoin for a long term investment then it will give you a huge amount of profit that will change your life. You can see this holder who hold Bitcoin from the beginning of the currency they have a huge amount of profit. In my opinion Bitcoin is the safest way to make money.

As far as Bitcoin periods are met, Bitcoin is probably the best investment asset beyond Gold. The only difference is that Gold is recognized by the Bitcoin world as not yet or not. But remember how volatile Bitcoin is, sometimes making losses. There is even another slam of fluctuation. Like theft, so even though it's safe there's a lot to understand in order for your Bitcoin to stay in your wallet. In addition, mental restraint and patience are sometimes very difficult to have.

Up until now, the high volatility is the reason why many are being attracted in this market.
Sure, we can see very lucrative gains thru the years, but we should look at the picture of holding it.
We can't always say that everyone can make huge profit as it depends on when they will sell it.
As we have different financial circumstances, we can't generalize this to all that we can sell when it is bullish, because some will sell at a loss if there's urgent need for cash.

[Texac]

If you can hold Bitcoin for a long term investment then it will give you a huge amount of profit that will change your life. You can see this holder who hold Bitcoin from the beginning of the currency they have a huge amount of profit. In my opinion Bitcoin is the safest way to make money.

As far as Bitcoin periods are met, Bitcoin is probably the best investment asset beyond Gold. The only difference is that Gold is recognized by the Bitcoin world as not yet or not. But remember how volatile Bitcoin is, sometimes making losses. There is even another slam of fluctuation. Like theft, so even though it's safe there's a lot to understand in order for your Bitcoin to stay in your wallet. In addition, mental restraint and patience are sometimes very difficult to have.

Up until now, the high volatility is the reason why many are being attracted in this market.
Sure, we can see very lucrative gains thru the years, but we should look at the picture of holding it.
We can't always say that everyone can make huge profit as it depends on when they will sell it.
As we have different financial circumstances, we can't generalize this to all that we can sell when it is bullish, because some will sell at a loss if there's urgent need for cash.

After all, bitcoin is just an investment and cryptocurrency is a financial market.  being a financial market means there will be winners and losers, there is no financial market where everyone wins and bitcoin is no exception.  if we want to buy low and sell high, who will sell low to us and who will buy high when we sell.  so, there will always be losers in the market whenever there are winners.  Bitcoin does not generate profits on its own and distribute them equally to everyone, so we should stop having the illusion that bitcoin is risk-free or the safest.

[fullhdpixel]

Previously, not only did the world consider bitcoin a highly volatile and high-risk asset, but even those of us who invested in bitcoin considered it a high-risk asset. But I think we should gradually change that concept as well as change the way we call it, bitcoin is no longer a risky asset.

How is Bitcoin no longer a risky asset? What has changed? Whatever the world or the investors considered before must be considered now as well because Bitcoin is still volatile and volatile assets carry some amount of risk despite being good investments.

Recently AllianceBernstein, an asset manager with $699 billion, called bitcoin a safe haven and even more attractive than gold.

No matter how much influence or value an institution or company has, anything they say about Bitcoin doesn't change the facts and realities. Bitcoin might be a good investment and more attractive than gold when it comes to its price movements, but it's not a safer investment than gold.
 

For me, this is the first time I've seen a traditional company admit and call bitcoin a safe haven and consider it superior to gold. What do you think about this and should we stop calling bitcoin a risky investment?

Don't stop calling Bitcoin a risky investment or superior to gold. Bitcoin is good, it's definitely safer when compared to altcoins, but if we talk about gold, it's definitely safer and superior than Bitcoin because gold's value doesn't drop as much as Bitcoin and if we look at the history of gold, it has always just got more expensive over time.

[Z-tight]

After all, bitcoin is just an investment and cryptocurrency is a financial market.

This is not true, BTC isn't just an investment as you say, take note that BTC is only used as an investment because the price is volatile, BTC was created as money, a censorship resistant and permissionless money that you can send to anyone anywhere in the world. Because of the volatile nature of BTC, you can buy it now and sell it later for a higher price, but that is not the purpose for which it was created, but it is your keys and you can do as you feel with your coins.

[danadc]

We have seen that older generations classify bitcoin as the most insecure asset of all because it has no backup, but this is a new era, we respect what old economists and financial advisors say, but they must also understand that new era, the new generation is not so attached to the old one, there are things that are better, for some bitcoin is better than gold, I am more of a believer in bitcoin than any other asset and the old folks excuse me, but I do I believe much more in this asset, for me it is not safe, it is the Asset that provides more protection and greater security for the world to invest money, because its trend is always bullish.

[Distinctin]

Previously, not only did the world consider bitcoin a highly volatile and high-risk asset, but even those of us who invested in bitcoin considered it a high-risk asset. But I think we should gradually change that concept as well as change the way we call it, bitcoin is no longer a risky asset. Recently AllianceBernstein, an asset manager with $699 billion, called bitcoin a safe haven and even more attractive than gold.

For me, this is the first time I've seen a traditional company admit and call bitcoin a safe haven and consider it superior to gold. What do you think about this and should we stop calling bitcoin a risky investment?
https://blockworks.co/news/alliancebernstein-gold-bitcoin-returns

Bitcoin will always be a risky investment not only because of its volatility, but because the government is still seeing it as a ponzi scheme. I'd rather prefer gold as a safe haven because of its sure appreciating price. But that does not mean that since bitcoin is risky, then it's never capable to provide us maximum profits. Bitcoin is the most expensive investment nowadays, which means you are also bound to get life changing profits once you adopt the right attitude and the perfect strategy to use.

Furthermore, being a safe haven asset does not mean it's free from risk. Of course, all investments have their own risk. And if you are not capable to manage the risk the right way, no matter how we call it safe haven, it will always bring danger to our funds.

[lalabotax]

For me, this is the first time I've seen a traditional company admit and call bitcoin a safe haven and consider it superior to gold. What do you think about this and should we stop calling bitcoin a risky investment?

There are several things that most people, especially people who are unfamiliar with Bitcoin, think that Bitcoin is a risky investment. and I think that's not wrong because investing in Bitcoin is still risky. There are several things that make investing in Bitcoin risky. But how big the risk is depends on each of us individually. Bitcoin is volatile, something digital and the risk is not only in the price but when we don't have access to it, we also can't have it anymore.

maybe for those of us who really understand Bitcoin, we can minimize this risk, especially the risk of Bitcoin volatility, namely by using Bitcoin as a long term holding, at least when we buy Bitcoin when it is bearish and then we invest in the hope that we can take profit and get profit during the next bullish era. This is because we have discovered or already understand the cycle.

But for people who don't really understand, they might panic when the price of Bitcoin suddenly drops a few times from its high point, or doesn't match their expectations, when they might have hoped for only a few months or years, it turns out they were too fast or too slow to sell it. . So it will actually make them lose. That's why when we want to invest, we should first understand what we are investing in to minimize risk. and because of that, I myself don't dare say that investing in Bitcoin has zero risks because that would be risky, especially when we explain it to new people.

[The Cryptovator]

Bitcoin is a safe haven for those who believe in financial freedom. As an investor, I don't feel like a safe haven, but as a crypto enthusiast, I feel like a safe haven. You may think it's conflicting, but really not. Because when I invest in Bitcoin, I have to worry about the dump. If something goes wrong, then I will lose my portfolio. So how could I call Bitcoin a safe haven? On the other hand, due to financial freedom, I feel safe storing Bitcoin. Though it is a value dump, we can use it whenever we want. No one can monitor me, and no one can prevent me from using my own funds.

[LogitechMouse]

Re: Bitcoin is a “safe haven asset”

I thought that there is such thing as "safe" asset because all of them have risks, but when I read the definition of "Safe Haven Asset" in Investopedia, this is what it says at one part:

Safe assets can also be referred to as safe havens, offering investors safe investments that preserve capital and withstand high levels of market volatility. Most investors will hold some portion of safe assets as part of a balanced portfolio, and many conservative investors may hold the majority of these assets in their portfolio to ensure capital preservation.

In our portfolio, does Bitcoin took the highest percentage? I mean we are holding Bitcoin instead of altcoins to preserve our capital, and to withstand those market volatility right? We know that Bitcoin is volatile, but over the years, it has been shown that it can withstand it. Some of us here holds Bitcoin, and it's the most one in their portfolio because that lessens the risk compare to when they're holding different altcoins than Bitcoin.

I know, I know that if you will hear that term safe asset, you will disagree on it, but try to look on the definition of it online. Still, I don't consider it as a safe asset though.

[BitDane]

I greatly agree with what @stompix stated on the first page of the thread.  Bitcoin is no where a safe haven due to its high volatility especially when one is looking for such in a short period of time.  As of now Bitcoin is still at a decline considering its ATH way back 2021.  we can never say a safe haven asset that inflicts losses to our investment especially when the person invested when Bitcoin price was higher than the current market price.

Bitcoin is a good investment for long term but saying it is a safe haven asset can be highly refuted due to its high volatility and the market cycle itself.