Consider Bitcoin A Safe House

[Shadiq]

If you compare it to fiat then I agree with you that it might be wise to consider Bitcoin as a safe haven. But Bitcoin is never completely safe, so don't get too emotional about it. Bitcoin also has risks, your savings strategy and goals will control the risk of Bitcoin (more or less). So don't put all your assets in Bitcoin.

Another thing we all probably know is that although Bitcoin is less risky in the long run, there is a lot of risk in the short run. Bitcoin is a very volatile asset, especially in the short run, we may have to face losses due to this volatility. So if you are planning to save your money in Bitcoin for some time, then be careful. Set a long-term goal to save Bitcoin and use prudent money for investment

[NewRevelation]

. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

Investments and savings are two different things, and so we can't possibly put a money that is meant for savings into a place of investment. I might decide to save 500k from my plan within a year from my salary. This I have already planned that at the end of the year, or at the beggining of the next year, this is what I will do with the money, and that's okay. At this point, I can't possibly put that same money into bitcoin in the name of investment, knowing how volatile bitcoin is, because I want to make more gains before the end of the year when I want to use it. What if Bitcoin Dips, what becomes of me and my plan? If the price of Bitcoin drops, that means I would have to wait till any time or year the price increases again before I can sell and use my money, there by making me fail in my plans.

It will be better is we treat our investments as investments, and savings as savings. Our investments should be money we are not in need of, money we don't have any need if it in the nearest future. Just say this money is thrown away for my future, that's it. With this, you wouldn't consider wanting to make use of it. Such money can by used to but Bitcoin. But the money we just wish to keep aside for down months or few years and then use it to achieve something, it shouldn't be used for Bitcoin investment at all but rather just saved up in our local banks as home savings may no longer be advisable due to theft

[Perfectbaby]

If you compare it to fiat then I agree with you that it might be wise to consider Bitcoin as a safe haven. But Bitcoin is never completely safe, so don't get too emotional about it. Bitcoin also has risks, your savings strategy and goals will control the risk of Bitcoin (more or less). So don't put all your assets in Bitcoin.

Another thing we all probably know is that although Bitcoin is less risky in the long run, there is a lot of risk in the short run. Bitcoin is a very volatile asset, especially in the short run, we may have to face losses due to this volatility. So if you are planning to save your money in Bitcoin for some time, then be careful. Set a long-term goal to save Bitcoin and use prudent money for investment

Yes that is true and really bitcoin is volatile but not as volatile as altcoin that is extremely volatile and can lose its original value at any given time, bitcoin investment is fine when they chooses long term projection than that of short term because in short term you may not experience the profits you may want to have. I have seen people who has invested in shitcoin and after few months they were left with nothing in their accounts just a worthless token that doesn't have any value neither can any one trade them. But for bitcoin, the more they  keep holding the more there possibility to make profits from their earnings, since the bitcoin halving gives it that medium and opportunities to be short down its total supply were it become that low and the demands increase gradually causing the price to surge greatly.

[PremiumcryptoHub]

If you compare it to fiat then I agree with you that it might be wise to consider Bitcoin as a safe haven. But Bitcoin is never completely safe, so don't get too emotional about it. Bitcoin also has risks, your savings strategy and goals will control the risk of Bitcoin (more or less). So don't put all your assets in Bitcoin.

Another thing we all probably know is that although Bitcoin is less risky in the long run, there is a lot of risk in the short run. Bitcoin is a very volatile asset, especially in the short run, we may have to face losses due to this volatility. So if you are planning to save your money in Bitcoin for some time, then be careful. Set a long-term goal to save Bitcoin and use prudent money for investment

Yes, if Bitcoin is compared to fiat or any local or even regulated currency, then Bitcoin can be considered a safe haven, but it is reasonable not to get too emotional about Bitcoin because even though this asset is secured by blockchain technology, we can often fall victim to hacking scams and other risks. Also, keep in mind that the inclusion of Bitcoin can increase portfolio risk because the price of Bitcoin is associated with extreme volatility. Moreover, when there is extreme negative fluctuation in the market, then the value of most investors' portfolios began to decline, which then increases their worries even more, but if there is a long-term plan, then there may be less risk.

You are right that set a long-term goal for storing BTC and use discreet money, in fact, the cryptocurrency is at risk of falling at any time, which can cause you to face serious losses, so it is necessary to have an emergency fund as it can increase the morale required for investment..

[Jostern]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

It’s true that most individuals wouldn’t know that Bitcoin is a safe heaven today, rather they will think that Bitcoin is a scam, because I know there are still people out there who doesn’t what Bitcoin is all about, instead they are more interested in having money in the bank, Bitcoin as a decentralized currency that nobody is in control of makes it more valuable and important, Bitcoin wouldn’t have any business with the general or world economy it’s controlled by itself.

But people who know what Bitcoin is all about, knows that having Bitcoin is safe and it’s more like someone who have a investment, because Bitcoin is more better than having nothing at all, people fear when Bitcoin price is coming down and they will be thinking all their money and investing will be gone, but at that moment is even an opportunity to buy more aggressively and hold more Bitcoin into your portfolio.

[OsaiEmma]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

So so true, Bitcoin can be used as a hedge over inflation and crumbling economy, but there is one misconceptions here, alot of us are saying it was INITIALLY MADE TO SERVE AS A HEDGE OVER INFLATION , that's not true at all, the idea of Bitcoin was initially to create a trustless financial system, where transactions of financial values do not need a third party, it was meant to create a system where individuals have full control over their funds and finances, Bitcoin being what it is today is because of the community, the mass adaptability had made it so, so we should no have any misconceptions on why it was "INITIALLY MADE"

[Crypto_Timothy]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

Indeed Bitcoin does act as a safe house against inflation or devaluation that on a norms would affect people, this is why i always say to fully understand the potentials Bitcoin possesses, you have to truly take your time and understand Bitcoin. No doubt alot of persons still just see Bitcoin as a making more scheme and that what they focus on, meanwhile there are several opportunities to be explored. Saving money in the bank with a fixed amount of profits per month against saving money in Bitcoin, the difference to me is that the Bank is defined and obviously small when you compare it to what they are making as you keep money with them against Bitcoin that steadily we know overtime, significant profit is guaranteed but of course you must hold for a while.

[Out of mind]

Bitcoin is a digital currency that people trust and have faith in, currently people are investing in Bitcoin along with gold for the safety of their money. Moreover, Bitcoin has gained a lot of popularity as a safe haven, currently people are holding Bitcoin as the main source of investment. Currently, since keeping money in the bank is not very safe, Bitcoin is safe, especially if you keep money in the bank, you have to face losses due to inflation. So we can imagine that Bitcoin is the best for investment at present and Bitcoin investment is profitable to get financial freedom. Bitcoin is a digital currency whose popularity is constantly increasing and the demand for Bitcoin is increasing and Bitcoin is becoming valuable.

[PremiumcryptoHub]

Bitcoin is a digital currency that people trust and have faith in, currently people are investing in Bitcoin along with gold for the safety of their money. Moreover, Bitcoin has gained a lot of popularity as a safe haven, currently people are holding Bitcoin as the main source of investment. Currently, since keeping money in the bank is not very safe, Bitcoin is safe, especially if you keep money in the bank, you have to face losses due to inflation. So we can imagine that Bitcoin is the best for investment at present and Bitcoin investment is profitable to get financial freedom. Bitcoin is a digital currency whose popularity is constantly increasing and the demand for Bitcoin is increasing and Bitcoin is becoming valuable.

As far as I know, it is true that many people are currently investing in Bitcoin along with gold as a form of financial security and protection against inflation. I would like to explain through a small example why Bitcoin is the best and can act as a protection against inflation, a few days ago in a country like Iran, the price of the local currency fell very much so so if Iranians were smart and had already developed the habit of investing in electronic currencies, I think it would have made their money safer. So in my opinion considering the current situation, we can freely plan that investing in this electronic currency is the best and it can create financial freedom for us.

[DiMarxist]

It's a well established fact that Bitcoin is an edge against inflation and lose of value which may arise from a currency just like the experience that, we are having with the Naira. So Bitcoin fits perfectly to your explanation that that Bitcoin is a safehouse. Saving money in Bitcoin is adding value to that money because it resist the effect of inflation adding value to your money over time, Bitcoin is a safe house that anyone who is really seriouse about protecting his funds will give attention to.

[Obulis]

Bitcoin investment has historically proven itself to be a safe house over the years. And when pointing to Bitcoin investment as safe house that has more future potency than ordinary bank savings, then that is directly proportional to long-term investment plan. I guess approaching Bitcoin investment on a long-term journey makes it a safe house that is more powerful than inflation.

[JimaGod]

Bitcoin investment has historically proven itself to be a safe house over the years. And when pointing to Bitcoin investment as safe house that has more future potency than ordinary bank savings, then that is directly proportional to long-term investment plan. I guess approaching Bitcoin investment on a long-term journey makes it a safe house that is more powerful than inflation.

Everyone is matching on towards leaning on opportunities. Bitcoin investment is never a day job but with time, we start to explore and know our chances of making it to the top in crypto. Who's considering Bitcoin as a safe house? For me, it's not a safe house because the project in question is filled with more volatility and we know it's no good thing. We redirect our paths If we're not hitting profits. Bitcoin is the top project and have been making proper prospects in the market.

[Vompola]

If you compare it to fiat then I agree with you that it might be wise to consider Bitcoin as a safe haven. But Bitcoin is never completely safe, so don't get too emotional about it. Bitcoin also has risks, your savings strategy and goals will control the risk of Bitcoin (more or less). So don't put all your assets in Bitcoin.

Another thing we all probably know is that although Bitcoin is less risky in the long run, there is a lot of risk in the short run. Bitcoin is a very volatile asset, especially in the short run, we may have to face losses due to this volatility. So if you are planning to save your money in Bitcoin for some time, then be careful. Set a long-term goal to save Bitcoin and use prudent money for investment

Yes that is true and really bitcoin is volatile but not as volatile as altcoin that is extremely volatile and can lose its original value at any given time, bitcoin investment is fine when they chooses long term projection than that of short term because in short term you may not experience the profits you may want to have. I have seen people who has invested in shitcoin and after few months they were left with nothing in their accounts just a worthless token that doesn't have any value neither can any one trade them. But for bitcoin, the more they  keep holding the more there possibility to make profits from their earnings, since the bitcoin halving gives it that medium and opportunities to be short down its total supply were it become that low and the demands increase gradually causing the price to surge greatly.

First, we need to understand the difference between long-term investment plans and short-term investment plans. We often confuse these two, which usually leads to various mistakes in decision-making. It is more important to always keep the discussion realistic. We often get frustrated with the volatility of the Bitcoin market, but we do not want to understand that investors invest here because of the volatility in the Bitcoin market. Instead of getting excited during the volatility, we should consider that time as an investment opportunity. Instead of thinking about how much the price will increase in the future or when we should sell, I think we should think about the total supply of Bitcoin, its popularity, and why various big companies are buying Bitcoin with such huge amounts of money and holding it for a long time. When we think deeply about these issues, we will realize that we are really making a mistake by not investing in a long-term plan.

[Jubilee58]

Bitcoin is a decentralized digital currency which most individuals here are aware of, but are you also informed that bitcoin is also considered a safe house as well? Now most of us know what a safe house is, a dwelling used for taking shelter against external threats, how does this relate to bitcoin some may ask. One of the reasons why bitcoin was created is as a safeguard against inflation unlike other traditional financial assets that are vulnerable to devaluation. Yes it i an investment source but you can also consider the coin as a safe house against inflation of local currency. So rather than saving that your money in the bank as things increase the value of that saved money will reduced, but why not make good use of bitcoin, might not solidly be on investment purposes but also as a place to save your money and protect it against inflation, you will come to notice that it will actually add value instead of decrease in value,. Bitcoin is not all about investment the asset can be used for whey more different reasons we might not even know about, but the once we know about lets use it and use it to the fullest it will only benefit us.

I think any money kept in Bitcoin should be for the purpose of investment, this way you will able to live it there till when the bitcoin market turns bullish then you can withdraw your bitcoin with extra value. When we talk about savings, you can tamper with your savings anytime depending on what you are saving for. Therefore, it won't be a wise decision to save your money in Bitcoin rather you should save in stable coins like USDT or USD since you can tamper with it any moment.

Yes, Bitcoin can be a safe house depending on your investment approach, we have the short term investors and the long term investors and because of bitcoin volatility and price fluctuation, short term investors are likely to experience losses since Bitcoin rewards mostly investors who are patient with their bitcoin investment. As for long term investors, Bitcoin is a save house because the value of your bitcoin increases on the long run possibly within the period of 5 - 10 years of investment.