They believe bitcoin is no safe haven..

[Awaklara]

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

Speculation done for the short term will not be suitable for Bitcoin. Those who choose gold, I think are the same, for the short term the increase obtained will not be large. It's just that gold may provide stability of value that is considered safe for their assets.
For a long time, people have considered gold to be the best asset to store and secure wealth. That thought is always on their minds and continues to run until now. If comparing with Bitcoin for the short term, of course, they will choose gold.

[Patikno]

That is why I often say that we are still in the early stages of Bitcoin, because so many people still don't understand what Bitcoin is and people still don't realize that Bitcoin is a safe haven, so many people are still buying gold. One day I'm sure everyone understands Bitcoin, because if a big war happens I think they will realize one of the benefits of Bitcoin's Borderlessness, honestly I don't want that to happen, but that's just an analogy of one example that makes people understand. In the long term Bitcoin will prove it, but if we talk about the short term, it can't be made into a conclusion as stated and too hasty as you said.

Apart from that, for other cryptos than Bitcoin or what we call Altcoin, I'm not so sure about it in the long term, because there are still so many considerations, especially for altcoins that have limited validators, I'm skeptical about it.

[avikz]

Bitcoin Price Tumbles as Gold Rises. Why Crypto Is No Haven.

Israel launched a wide-ranging strike on Iran overnight, targeting the country’s nuclear program and military leadership. Oil prices jumped and markets fell. Futures tracking the S&P 500 were down 1.4% early Friday morning.

Ether and XRP were down 7.1% and 3.7%, respectively. Solana plummeted nearly 9%.

Gold, the ultimate haven asset, rose 1.1%.

I’m pretty sure we’re all aware of what’s happening between Israel and Iran right now, and because of that conflict, there’s been a major impact.

But as this article points out, gold went up, while Bitcoin and other cryptos didn’t.

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

It is indeed a rushed judgement. But should we care? No! Mainstream media houses are usually funded by businesses with vested interest in financial sector. So they will try to demotivate people from acquiring Bitcoins in whatever way they can. While big corporations are still buying Bitcoins.

Let them say whatever they want to say. Let them make judgements in whatever areas they wish. But as a long term user, we all believe in Bitcoin and will continue to do so. Every dip is an opportunity!

[Ucy]

It's actually a safe haven and has been doing better than gold, even up to recently. The little drop, compared to the huge recent gains was Bitcoin getting defended from attempts by certain whales to make people think they are the cause of its price gains rather than the actual cause. The idea is to make people focus on the actual cause of the price gains than relying or trusting other things/people that can fail them. And by the way, this is unconnected to what is happening in the middle east.
 A safe haven should be longterm focused than short term.  Bitcoin continues to move up than down, especially longterm, and as long as we keep believing in the factor that cause the price gains.
When you consider the longterm gains you see that Bitcoin is doing really well and actually a safe haven

[Jawhead999]

I can't view the article, so I've found the alternative.

Bitcoin fell early Friday as it reacted to heightened global tensions in the Middle East and dropped alongside other risk assets.

The world's largest crypto fell 2.7% over the last 24 hours to $104,763, according to CoinDesk. It dropped to as low as $ 103,274 overnight, or down about 4% on a 24 hour basis, but has recouped some of those losses since.

In short, they call an asset is safe haven, the price must increase during global tension. I kinda agree with that logic, most people not treat Bitcoin as safe haven, instead they trade it. Whenever they hear global news, they either buy or sell the coins.

But, if they only value the price during that duration, I don't it's fair.

They should view it in the long run, based on the graph, holding Bitcoin will never make you loss in the long run.

[Hyphen(-)]

But as this article points out, gold went up, while Bitcoin and other cryptos didn’t.

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

This is a temporary situation not a permanent situation, and its effect is in some part the world which couldn’t cover even 25% of the world population, and this countries are not too good in crypto because I don’t remember any of them being an influential country that legalize Bitcoin.

However, these people that publish these news are probably not Bitcoin lovers, they might be among the people that are not interested in embracing Bitcoin which is why small fall and small increase in gold has become an interesting topic for them.

Nevertheless, if the price of Bitcoin falls, it will be a better opportunity for investors to buy more Bitcoin in to their portfolio.

[SOKO-DEKE]

Bitcoin Price Tumbles as Gold Rises. Why Crypto Is No Haven.

Israel launched a wide-ranging strike on Iran overnight, targeting the country’s nuclear program and military leadership. Oil prices jumped and markets fell. Futures tracking the S&P 500 were down 1.4% early Friday morning.

Ether and XRP were down 7.1% and 3.7%, respectively. Solana plummeted nearly 9%.

Gold, the ultimate haven asset, rose 1.1%.

I’m pretty sure we’re all aware of what’s happening between Israel and Iran right now, and because of that conflict, there’s been a major impact.

But as this article points out, gold went up, while Bitcoin and other cryptos didn’t.

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

What is there is that whenever things like war are happening, the price of Bitcoin always drops, and this is not the first time we are experiencing a drop in the price of Bitcoin. As the price drops, it will bounce back. So, I think anyone should just use a short period price drop to judge Bitcoin. Bitcoin is a safe haven, but for long term holders. In fact, I don't see the price of Bitcoin dropping like that such that some set of people should be rushing to judge it. Currently, the price is at $104K, and the previous price of Bitcoin, before these two countries started attacking each other recently, was around $108K or $107k. So, I see this price drop as normal because even without something like this happening between two countries, Bitcoin does drop for correction.

[The Sceptical Chymist]

It's not even rushed judgement; it's just some noise dressed up by some journalist (probably with the initials A.I.) as a news story.

Most of what you read and hear in the financial press is just noise, very little signal, and about 87% of it is the same finance jargon and threadbare phrases like "stocks retreated from their all-time high today in the wake of June's unemployment numbers".  I just made that phrase up, but does it sound familiar to you?  Probably does, because business news and even crypto news is mostly filler. 

And again, there's probably not even a human being writing or editing any of it.  What a fucking sad path we've traveled.

[AVE5]

Why did you mention all these shit coins? I mean ether, ripple and solana that you mentioned. We all know that if the price of bitcoin drops, the altcoins price will drop. Also if the price of bitcoin rise, the altcoins price will rise also. So mentioning altcoins is irrelevant unless they are not following bitcoin price.

Mentioning AltCoins on the effect of bitcoin price dropping could still be necessary if we consider how speculations like the AltCoin performance flies.
It'd drag to the attention of enthusiasts who're being convinced that some of those potential AltCoins may have better reliance than bitcoin without knowing that those coins are being influenced according to bitcoin performance.

Bitcoin is a safe haven but do not use short term speculation to make the conclusion but a long term speculation. Just check the long term chart and you will understand what I am saying.

We don't need to argue with the critics anymore. Gold can surge while bitcoin experiences bad things in the meantime but it's sure that bitcoin price will rise again. Just matter of time and the recovery forces and sustainability of bitcoin is what got it safe haven and nothing can change that.

[DeathAngel]

Bitcoin always dumps at first during geo-political tensions. Part of the reason is that it’s tradable 24/7, 365 days a year. It’s a highly liquid market & when people panic they sell what they can get their hands on fast & often that’s Bitcoin. It always recovers quickly, I am very confident Bitcoin makes more all time highs before the year is out.

[yudi09]

If you only look superficially, such people might agree that Bitcoin is not a safe place as a hedge and immediately agree that the safe one is gold.
People who only receive information without digging deeper into this matter, it is difficult to develop.

Short term maybe yes, but long term, we can ask them to prove who is the safest.
Gold is good, but Bitcoin is much better in the long run.

[Alpha Marine]

I don’t think there is anywhere around the bitcoin white paper where it is stated that bitcoin is resistant to any falls. Bitcoin is Volatile and its volatility is base on demand and supply of the coin and during periods like this the market sentiment changes but with bitcoin it doesn’t take long before it corrects the sentiment and gets back been normal. Why bitcoin got affected was because of the Iranian exchange hack where bitcoin was stolen and burned this will definitely cause the market sentiment to change to panic and this was why the market dip in the last two days but realistically the market has been in this consolidation form for long and the war is just a catalyst to keep it there.

I totally understand and agree with this. Bitcoin is a volatile currency and fluctuates based on several events. I was only stating how anti-bitcoin people always find an excuse to talk shit about bitcoin even though they don't have valid points.
The stock market also took a hit when the bombing began, but they didn't say it was not a safe haven, they don't mention anything about but always looking to score cheap points when it comes to bitcoin.
Even the price of gold takes a hit based on certain events. As long as it's an asset, it's not bulletproof like they always claim. The long term is what is most important. 

[Mrbluntzy]

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

You don't decide for people what they must believe in, perhaps gold is not a bad investment, it has its own method by which people invest in it (which is not decentralized), while Bitcoin is a decentralized asset and has decentralized mean in which people invest into it too. This kind of biased conclusion and comparison usually arises when price of one asset outperform the other, so it's normal. Even if the war gets more serious (I don't pray it does) and price of Bitcoin get dip massively, it will bounce back with huge force in bull season, that's how it usually work.

[Stablexcoin]

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

A lot of people want to say bad things concerning Bitcoin, internet is open for everyone to spread news both fake and real. Those who you say believe Bitcoin is no safe haven are the minorities who don't follow Bitcoin, those who don't appreciate Bitcoin, and are finding every possible way to shut down or take down the growing number of investors. This is not the first time similar news has been broadcast concerning Bitcoin, Bitcoin has always succeeded in recovering after every short market downturn.

[Mate2237]

I think that anyone with the notion that Bitcoin is not a safe heaven due to the fact that it didn't move up due to the fact that there is an ongoing crisis will be doing a bid mistake and come to think of it is war a parameter to determine the price of Bitcoin I don't think that it's there are market parameters that are used so as far as am concerned Bitcoin should not be looked down simply because the price of Bitcoin didn't move up due to a war



The price of gold is up simply because most countries safe their wealth in gold and war is one thing that makes the price of gold to move up because these countries will stockpile their wealth using gold Bitcoin is one good and safe place for countries to safe their wealth during times like this because Bitcoin has over time shown that it can be relied upon because it's the most stable crypto currency

[tabas]

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

That's okay, it's just an editorial from that article. It's common to see these authors write like that when the other is plummeting, and the other is rising they need to make conclusion based on their opinion that the other is lower. And on this subject, they're saying that Bitcoin is not a safe haven, they don't see at the whole point of it. They're only looking at the current trend but did they know how much was the price since last year? they're missing the whole point why Bitcoin is an actual safe haven.

[Japinat]

A 1% increase in gold isn’t exactly a strong sign that investors are heavily putting their money into it, maybe just a small shift. As for crypto or Bitcoin dropping during this ongoing conflict, that’s understandable. In my opinion, investors still tend to choose gold over crypto for now.

But at least we have Bitcoin, which could serve as a hedge against inflation in the long run. If the situation gets worse, hopefully not, we might eventually see money start flowing into Bitcoin. One day, we might just wake up to a sudden 10% pump or more, which is pretty normal in the crypto market.

Meanwhile, gold moves 1% and experts already treat it like a major event.

If you are a real investor who isn’t scared of putting high risk, you won’t settle for gold investment as the profit increase is only slight. Instead, you’ll stick to bitcoin, where despite of its high volatility, the chances for you to gain massive profits is still possible, and when that happens, that’s the time that you might consider investing in gold as well just to diversify your investment.

Bitcoin alone is highly profits, but if you want to secure some profits, you can also invest in gold as well.

[irhact]

But as this article points out, gold went up, while Bitcoin and other cryptos didn’t.

So now they’re concluding that Bitcoin isn’t a safe haven, just because of a short-term price drop? That feels like a rushed judgment.

Gold has long been in existence before the inception of Bitcoin and we need to understand that most persons are still trying to come to terms with the adoption and acceptance of Bitcoin currently, some nations are even yet to accept the usage of crypto currency in their country and so the acceptance will be affected too as well. Gold has always been the reserve people do fal back to in years past when there's crisis and economic downtime, so it will be easy for them to fall back  to it when situations as this aris and so if we see that Gold had a price surge as at the time meanwhile Bitcoin didn't, it shouldn't be something we get to compare and bother so much  about because they are two different assets with different systems with which they work.

[Stalker22]

Well now, this little piece seems to make some bold claims about the state of financial journalism today.  I cant say I agree with all of it...

Still and all, I think we should cut our financial reporters some slack.  Theyve got a tough, complex beat to cover.  And whether its a human or a machine piecing together the facts people rely on getting the latest money news and analysis.  Even this rant about the sad path weve traveled is thought-provoking in its own way.

[Richbased]

Bitcoin might not be a safe haven when you justify it in the angle of short term market volatility but that doesn't mean that it's not a safe haven in the long term. Of course, we cannot affirm that bitcoin will save us totally from economic crisis but it will reduce inflation in the future. In the course of war, nothing is a safe haven, but after the wars what happens? the better asset becomes the life saver, bitcoin is the life saver.