How safe is Bitcoin in the world's economic turmoil?

[HOPE25]

How safe is Bitcoin in the world's economic turmoil?
Bitcoin has opened a new chapter in the economy. When the current world economy is gradually surrounded by uncertainty, people have considered Bitcoin as a safe investment as a means of investing in their safe place. Especially those who have lost fiat currency in long-term investments. Inflation, bank crises, moral standing, trade wars - all of them have become popular in the currency investment business. The price of Bitcoin fluctuates by 10 to 20% in a day, which is very risky or frustrating. Moreover, digital and currency or blockchain is still difficult for the common man and lacks technical knowledge. So if you are suffering from investment, I think that since Bitcoin is not controlled by any government or any central bank, if you keep the Bitcoin keys with yourself, you can safely invest in Bitcoin without the need for a third party. You must consider the profit or loss calculation period before investing in Bitcoin without risk with each investment. The meaning of establishing yourself is not only about how much you have earned and how much you have invested, but also about accumulating your principal or wealth. Financial security of investment is a prudent solution, so Bitcoin investment can be a long-term, i.e., a well-balanced approach that can provide a sure solution to your future success.

[Wiwo]

This are the basic techniques in bitcoin investment and it importance to our economic life, for sure bitcoin have a future that we can only imagined and for the while that bitcoin have been in existence, it has shown alot of positive outcomes that have saw a seed of confidence in it holders that the future will be better than the past so is important, to hold on to our bitcoin at all time.

[BIT-BENDER]

How safe is Bitcoin in the world's economic turmoil?

Safer than many if not all the world currencies you can think of, infact the global economy crisis and uncertainty only increases the popularity of Bitcoin because it is seen as a safe space for people avoiding inflation and the drop in their local currency.

The price of Bitcoin fluctuates by 10 to 20% in a day, which is very risky or frustrating.

If an investor finds Bitcoin daily fluctuation frustrating then they should give up on investment and just hold their funds in a fixed entity. Every investor already knows their will be fluctuation and it's been a while I can say Bitcoin actually frustrated anyone. You should just need to work on your expectations.

[Porfirii]

I think that there is general consensus about the gold's preeminence as a store of value in economic turmoil scenarios, a virtue that at the moment is not so clear about Bitcoin, which is still greatly influenced by the ups and downs of traditional markets.

But today I've read some news about gold that I want to share with you. Although it seems that gold sources in the Earth's crust is running out, more than 99% of total gold in the planet is in its core. Not a big deal, since the core is out of reach from us, but it has been recently discovered that there is gold in the magma of some volcanoes, especially in the islands of the Pacific Ocean. More research is needed about the economic viability of its extraction from that magma, but if it eventually had some impact in the gold reserves and the price started to go down, Bitcoin could improve his quality as store of value against economic turmoil.

[Ambatman]

Safer than all currencies in the world. During uncertainty and crisis like we experiencing
Nobody wants to hold Fiat because the value plummets as more money is printed to accommodate the crisis
Since they are not holding, they would choose to invest
Preferably something that even while affected would be relatively less or have better recovery.
Bitcoin is the latter,its recovery speed during crisis is unmatched
The current fall is normal. Once there's a calm or the fights because a norm, the price would soar.

[_BlackStar]

So far most investors have chosen gold as a hedge for their wealth - the risk may be lower considering gold is a physical investment that has been trusted for more than a century, not only among big investors but also among the lower class people. Bitcoin is considered higher risk as a store of value - but so far bitcoin has performed well, even outperforming gold and other physical investment assets. In my opinion - gold and bitcoin are definitely two different investment assets, but it is very good to have both if we want to diversify.

If our investment portfolio has both of these assets - then I am absolutely sure both can provide good returns in the long term to its investors. Gold may not provide higher returns than bitcoin - but at least, gold is the most sensible choice in my opinion amidst the world's economic turmoil.

[mindrust]

Bitcoin is safe but safety doesn’t guarantee price stability. Bitcoin can lose half of its current value against the dollar and still be considered safe, especially if you bought it 5-6 years ago when the price was below $20k.

Safety!=price stability

If the world goes to total shit, I don’t think bitcoin can go against the stream. Not right away at least. The initial market reaction will be downward without a doubt.

But after the first shock, bitcoin will recover probably faster than stocks.

That’s as safe as it can get.

[Fortify]

How safe is Bitcoin in the world's economic turmoil?
Bitcoin has opened a new chapter in the economy. When the current world economy is gradually surrounded by uncertainty, people have considered Bitcoin as a safe investment as a means of investing in their safe place. Especially those who have lost fiat currency in long-term investments. Inflation, bank crises, moral standing, trade wars - all of them have become popular in the currency investment business. The price of Bitcoin fluctuates by 10 to 20% in a day, which is very risky or frustrating. Moreover, digital and currency or blockchain is still difficult for the common man and lacks technical knowledge. So if you are suffering from investment, I think that since Bitcoin is not controlled by any government or any central bank, if you keep the Bitcoin keys with yourself, you can safely invest in Bitcoin without the need for a third party. You must consider the profit or loss calculation period before investing in Bitcoin without risk with each investment. The meaning of establishing yourself is not only about how much you have earned and how much you have invested, but also about accumulating your principal or wealth. Financial security of investment is a prudent solution, so Bitcoin investment can be a long-term, i.e., a well-balanced approach that can provide a sure solution to your future success.

It's worth considering that just maybe, having bitcoin stored on your local machine is not quite as safe as you think it is. Many people around here preach that philosophy but I certainly have spent zero time trying to secure my machine beyond the basics and while Windows Defender might be sufficient in the current era, a more modern worm might just be able to scoop up a lot of wallets if it can bypass personal PC defenses. Theoretically an exchange should spend all their time securing the assets under their control and their reputation is the only thing they have, so they might be a more reliable source of defense for your crypto. Besides that, you should have a reasoning on why you think bitcoin will continue to go up if you are considering it as an investment (that hopefully beats the return of the stock market).

[Ishicryptic]

Bitcoin has proven itself to be trustworthy, in less than two decades of it's creation it has gained so much reputation that it is called digital gold which clearly means that it is widely accepted as a store of value. Many currencies have been affected by inflation, it is easy for a government to print more fiat thereby devaluing their currency but Bitcoin limited supply has given it trust and people can hold it for long term instead of traditional currencies in a bank. Bitcoin can react to negative news and dip but it will only be for a short term and it will recover and rally, that is why it is a valued asset.

[coupable]

How safe is Bitcoin in the world's economic turmoil?

Safer than many if not all the world currencies you can think of, infact the global economy crisis and uncertainty only increases the popularity of Bitcoin because it is seen as a safe space for people avoiding inflation and the drop in their local currency.

This is absolutely true. The increased adoption of Bitcoin in everyday use negatively impacts other currencies, including major global currencies like the euro and dollar. This exacerbates the fiat currency crisis and further encourages people to abandon it. It's an inverse relationship going one way, since the use of fiat currency is fixed and cannot rise, while Bitcoin is still considerable a new project that benefits from the fiat currency crisis.

[kotajikikox]

How safe is Bitcoin in the world's economic turmoil?

Safer than many if not all the world currencies you can think of, infact the global economy crisis and uncertainty only increases the popularity of Bitcoin because it is seen as a safe space for people avoiding inflation and the drop in their local currency.

The world is in chaos. There are wars everywhere. So, bitcoin not being tethered to a specific country means it’s not as affected when something happens in a specific region. It is unlike other assets where political and economic factors affect its value. Bitcoin may be affected but not always directly and not that much.

[AmoreJaz]

Bitcoin has proven itself to be trustworthy, in less than two decades of it's creation it has gained so much reputation that it is called digital gold which clearly means that it is widely accepted as a store of value. Many currencies have been affected by inflation, it is easy for a government to print more fiat thereby devaluing their currency but Bitcoin limited supply has given it trust and people can hold it for long term instead of traditional currencies in a bank. Bitcoin can react to negative news and dip but it will only be for a short term and it will recover and rally, that is why it is a valued asset.

Though the population who are into crypto is still small as compared to world's population, it is already gaining interest from big companies and so penetrating the mainstream financial market. We can't deny the fact that a big companies are already accumulating btc as part of their assets. Though some are silent with their holdings, but I do believe that a lot are just quietly holding their crypto.

No one can guarantee the security of holding btc. Hence, at the end of the day, it is you who will decide if you will continue to venture in btc market or not, despite of what's happening in our world today. The war is now happening, so you can see the sentiments in the market and it is your time to speculate and decide what path to take when it comes to btc holding.

[stadus]

There’s no guarantee it’s safe, because just from the word itself, it’s called an investment, meaning there’s always risk, but it really comes down to belief, and we bitcoin investors, especially those who’ve held long term, are the type who actually believe in it,

And if you ask me what my reason is, well, I’ve made huge profits from holding bitcoin, and I’ve already enjoyed some of it, even bought a few properties, so with that, I don’t doubt bitcoin anymore, I don’t stress about a 20% dump, that’s normal in this kind of market.

so if you don’t trust it, maybe it’s just not for you..

[ruykeri]

The world economy is going from bad to worse day by day. Currency prices are falling and inflation is increasing in many countries of the world. In addition, there are one war after another in the world.The Russia-Ukraine war has not ended yet, and the Israel-Iran war has begun. This will lead to many negative changes in the world economy. In this situation, I consider Bitcoin safe and reasonable. Since its debut Bitcoin's value has increased day by day. And since there is no third party interference in it, it has become much more popular with everyone.
Inflation in the United States in 2022 was 9.1 percent, much higher than in many years. Inflation in Argentina exceeded 200% in 2024.  The main reason for this is the Central Bank of every country print currency  irregularly for its own needs. But there will be no more than 21 million Bitcoins  so the demand for it will continue to increase day by day because the supply is limited.
Although the price of Bitcoin fluctuates  it started at $0.003 and now its price has increased to more than $100,000. And it has been seen that the price of Bitcoin has increased whenever there has been a major global economic downturn.Thats why popular business man and institutions like Elon Musk, Michael  Saylor, Fidelity, BlackRock, JP Morgan have invested in Bitcoin. Many countries around the world have legalized Bitcoin transactions. It has even been possible to send aid via Bitcoin to war torn countries like Ukraine and Palestine, where the banking system has failed, thanks to Bitcoin alone.
In my opinion, Bitcoin is not a way to get rich quick, but it will keep your assets safe.  Bitcoin known as digital gold. It will be as valuable as gold at the end of the day.I consider Bitcoin to be the most secure and trusted crypto. So of course, I always consider investing in Bitcoin to be safe.

[Btcdeybodi]

The price of Bitcoin fluctuates by 10 to 20% in a day, which is very risky or frustrating.

Are sure about this, only few times have i saw the price of bitcoin fall/increase by 10 to 20% in 24 hours and even if fluctuates within that range, it is not frustrating except you are a short term trader that just want to be invest and take profits but a long term investor is not worried about short term volatility. Yeah, bitcoin is risky due to market volatility but not very (highly) risky as you said.

Moreover, digital and currency or blockchain is still difficult for the common man and lacks technical knowledge.

This is why everyone should learn digital skills and technical skills because we are already in digital days where technology is advancing, if you don't have any digital knowledge it may be difficult to interact with others in the digital space and you will be left behind.

[Fiatless]

Bitcoin has proven itself to be trustworthy, in less than two decades of it's creation it has gained so much reputation that it is called digital gold which clearly means that it is widely accepted as a store of value. Many currencies have been affected by inflation, it is easy for a government to print more fiat thereby devaluing their currency but Bitcoin limited supply has given it trust and people can hold it for long term instead of traditional currencies in a bank. Bitcoin can react to negative news and dip but it will only be for a short term and it will recover and rally, that is why it is a valued asset.

Keeping a large amount of money in fiat is the biggest mistake anyone can make. Interests in bank fixed deposits or savings accounts might not cover the inflation rate. Bitcoin price might be unstable but hodling it is far profitable and safer than holding any other currency. Bitcoin is gradually establishing itself as a safe haven and a potent hedge against inflation. 

[X-ray]

investment business. The price of Bitcoin fluctuates by 10 to 20% in a day

This kind of volatility doesn't happen everyday, only at certain days where there's significant news or when the significant price action is imminent, as of now BTC is pretty stable.

If you look ath gold chart, you'd find out the same thing happened,so as to not cherry picking, this statement is wrong.

Moreover, the main reason why people just choose BTC for their safe haven is because it's liquid and it's easy to move around as well as secure.

[Danica22]

This is absolutely true. The increased adoption of Bitcoin in everyday use negatively impacts other currencies, including major global currencies like the euro and dollar. This exacerbates the fiat currency crisis and further encourages people to abandon it. It's an inverse relationship going one way, since the use of fiat currency is fixed and cannot rise, while Bitcoin is still considerable a new project that benefits from the fiat currency crisis.

Satoshi created bitcoin to be a currency but Bitcoin was not used as a daily currency these days, it was only used as an investment/speculation. So it won't have the effect of either causing a currency crisis or making people lose faith in fiat money. People losing faith in fiat money or fiat crisis is due to its original design and it is just a matter of time for it to collapse.

Bitcoin just gives us more options in protecting our assets, it is not the only option because before we had gold, metals or stocks, these are also assets that help us avoid currency devaluation.

But you are right, bitcoin is benefiting from the fiat crisis.

[aoluain]

investment business. The price of Bitcoin fluctuates by 10 to 20% in a day

This kind of volatility doesn't happen everyday, only at certain days where there's significant news or when the significant price action is imminent, as of now BTC is pretty stable.

If you look ath gold chart, you'd find out the same thing happened,so as to not cherry picking, this statement is wrong.

Moreover, the main reason why people just choose BTC for their safe haven is because it's liquid and it's easy to move around as well as secure.

Yea 10% or 20% market movements are not an every day occurrence, they are
exceptional market movements and are never permanent, primarily the pull backs.

At a time of economic turmoil Bitcoin is safe, the network is safe, its never been
hacked to date. If you have full control of your Bitcoin what is an alternative place to
store your wealth? Gold - that you most likely dont physically posess, instead
a certificate to say you own X amount but its held somewhere else...or is it?

[m2017]

How safe is Bitcoin in the world's economic turmoil?

I believe that it is not safer than any other asset. Perhaps even more vulnerable than traditional securities, such as those of technology companies. This is due to the fact that the global economy is interconnected. That is, any crisis in the economy will affect every sector of the economy, including the cryptocurrency sphere. Should not completely rely on bitcoin as a "safe haven" and probably the most rational solution would be to diversify risks. That is, invest in different areas to compensate for the impact of the global crisis on certain types of assets (in particular, cryptocurrencies) by averaging out losses (when investing in different assets). A crisis is something in which everyone (assets) "suffers". The question is how to minimize this.