Bitcoin feels bigger than ever, but is it safe?

[henmark]

you're getting me wrong on this. When I say Bitcoin is like a public company, I wasn't referring to companies like Apple or others run by CEOs. Since the disappearance of Satoshi, bitcoin has no management team. Everything is being handled by code and nodes with no central authority.

Of course, anyone can verify it's transactions since inception because they're available on the blockchain and can not manipulate.

However, we are talking about Bitcoin maturity and level of risk here. I deliberately compared Bitcoin to public company based on how far we've come and the level of stability compared to olden days when it was just evolving. No matter how matured we think it is now, it does not take away the risk.

But it surely reduces the risks, because as an asset gets matured, it gains more trust within people, especially if the asset is decentralized and isn't being controlled by a central authority, because when an asset is controlled by a central authority, there is the risk of the team or management doing things in a wrong way, or simply scamming people and running away with their money, but when there is no possibility of such a thing happening, people will surely have a lot of trust on that asset, and over time, more and more people will start using it, and eventually, the risks will become very minimal.

So basically, the bigger Bitcoin gets as an asset, the safer it will be because it is getting bigger because of its adoption rising with time, which means that people or companies or large investors, even governments, are finding it trustworthy to buy and keep it because they know that it's not a project created by an individual who is keeping a good portion of the coins and he has complete control over the network and everything, so he can dump his coins and run away at any time.

I know, satoshi also has a lot of bitcoins in his wallet, but that is different, he is anonymous, and has never touched his coins since the beginning, which means he is either not alive, or not greedy like other developers, or we should say most developers of today's world.

[dansus021]

 it a safer bet?

yes bitcoin is a safer bet maybe for not the regulation is go yes and no but just take a look the big picture if you just look weekly or daily candle you gonna see the bitcoin price is rising year by year with or without government approval, this already prove for bitcoin to stand alone, but would be great if big country like US start to aprove bitcoin use and other things like paying tax, reserve and etc.

Bitcoin down even with ETF and other company is just part of the bear market itself there is no such an instrument that going to up only in a short term, big company like strategy tesla and other eventually gonna stop buying bitcoin when they think is enough to take profit or what ever is that

[Curious T]

First of all, to me, maturing when it comes to Bitcoin is amount if wallstreet guys that get involved in it. It is how easy it becomes to spend. When more people and businesses accept bitcoin. When you want to make a payment both offline and online and you see that bitcoin is among the payment systems they accept. That is what I see as maturity. In terms of price, there is no price Bitcoin would get to that we can say it has matured enough because there will always be potential for it to higher.

Bitcoin will continue to be a volatile asset for a while. The rate at which it is volatile may be reduced because the higher the market cap, the less it would become volatile, but it won't be stable. When Bitcoin becomes stable, then people won't make much profit from it, and a lot of these same suits will take their money elsewhere.

[yhiaali3]

Don't believe that large companies and institutions invest billions of dollars in Bitcoin unless they see it as a safe and long-term store of value. They are not concerned with Bitcoin itself, but rather with not missing out on opportunities and not being left behind.

These people do not believe in Bitcoin as we the Bitcoin community do, but they have come to trust it as a store of value, a safe haven and a hedge against inflation. This means that Bitcoin is becoming more trusted and safer day by day, but it cannot be said that it has fully matured yet.

[Ayers]

Look, Wall Street isnt here to save Bitcoin; they are just here to milk the fucking fees.  It doesnt matter if they are wearing suits or hoodies—the market is still a volatile shitshow, and the banks will be the first ones to dump their bags the second things get ugly.

your word are absolutely true. large institutional money increases liquidity or cash flow in the market but it also bring new risks. because profit is real for these whales. but they are not die hard bitcoin lover like us

It is safer after the liquidity is getting deeper,,,,,The risk is still there but it's getting lower and lower.

i partially agree with your point. due to the increase in liquidity the crazy ups and down have reduced a lot. but we are not safe yet. a bear market or a major regulatory shock will see the market plunge again

So basically, the bigger Bitcoin gets as an asset, the safer it will be because it is getting bigger because of its adoption rising with time

you are getting the point right. bitcoin's long term safety is not really in the hand of suit coat wearing guys on wall street. it will survive on popular adoption and increasing market cap

admittedly bitcoin is no longer easy to beat. but it is still not as handy as a traditional bank. as an asset class it is maturing day by day. but for many more years this will continue to be a struggle and instability

[aylabadia05]

So yeah, Bitcoin may look stronger now because the suits are finally showing up, but does that automatically make it a safer bet? Not really, it might just mean more people are entering the same volatile market, just wearing nicer clothes. That is what makes this worth debating right now, is Bitcoin actually maturing, or is it just getting better at looking stable while the same old risks are still sitting underneath it?

The Bitcoin we once knew will never change, even as many institutions and large corporations enter the market to adopt it on a massive scale.
It was designed to facilitate transactions without the need for a third party, though many have come to view Bitcoin primarily as a long-term investment asset due to its value preservation.
As for security, it all depends on how users safeguard their assets. The key focus here is on the wallet, the seed phrase, and the private key.

[YOSHIE]

Bitcoin feels bigger than ever, but is it safe?

If I speculate it is actually safer, we are aware that Bitcoin is currently influencing the government, big companies, big investors and so on, so there is no doubt about Bitcoin in the future.

Currently, Bitcoin is believed to be a hedge against inflation. If I speculate, Bitcoin in the future will actually be used as an asset for countries and large companies, because the rarer Bitcoin is, the more enthusiastic people are about using Bitcoin as an antique digital currency.

[Sammye3]

Bitcoin is the safest cryptocurrency that yoy could reply on for stability and transparency.  The question should be, "how well do you know bitcoin" and "how much do you trust bitcoin's system"? Bitcoin would keep going higher and breaking new highs and that would only mean progress, but the fear of catching it late is what many people have in their heads and that is the wrong perception towards bitcoin investment because it is long-term.

[EarnOnVictor]

So yeah, Bitcoin may look stronger now because the suits are finally showing up, but does that automatically make it a safer bet? Not really, it might just mean more people are entering the same volatile market, just wearing nicer clothes. That is what makes this worth debating right now, is Bitcoin actually maturing, or is it just getting better at looking stable while the same old risks are still sitting underneath it?

Bitcoin has enjoyed the times of lower liquidity, where whales would say a thing and it would happen. Here comes the institution, which eventually slip it into the mainstream of the financial market. This happened so fast, and it could be regarded as Bitcoin's "growth" stages. This means that it is maturing, and will continue to define itself as time goes on.

At this time, it looks more stable than ever, and more unpredictable too, which is a very good quality of any financial asset (dynamism). Going forward, I advice that we should let our higher charts guide us more than anything, rather than believe in the next sentiment without even knowing why such a sentiment happens.

[Adams0001]

There is a popular saying that you will not lose money in bitcoin until you sell. This means that the risk to bitcoin is highly minimised when you hold because your 10 bitcoin will always be 10 bitcoin, no inflation or anything, what will change is only the dollar value. There are several advantages of chosing bitcoin which makes it preferable to fiat and the main one is the total control I have over my money. In my country, you are not allowed to withdraw certain amount of money per day and there is also a limit per week with countless monthly charges for just keeping money in the bank. This does not happen in bitcoin which makes bitcoin safer and more reliable for me.

Bitcoin is volatile and when people are investing in it they invest to get profit but some sell because they can't take risk when they see the price is getting down they will rush and sell the coin so that they won't lose everything and bitcoin anytime the price decrease he will surly increase in some times. But many people need profit but they can't risk there money, how can you become rich without hard working or facing some challenges first. Bitcoin is good but is just for people that understand it and have patient. They are allot of investment that if you do you can be profitable but in crypto Bitcoin is the best to offer and can minimise your risks.

[DiMarxist]

I agree with you that with banks and Institutional investors coming into the Bitcoin space, I believe that Bitcoin is becoming more of main stream thing. Bitcoin is fast  becoming a place were everyone is coming into. Bitcoin is safe and secure and there should be no cause of fear from any one because the investment of banks coming in signifies only one thing that bitcoin is gaining trust and has become a dependable place were people can store their wealth.

[AmoreJaz]

So yeah, Bitcoin may look stronger now because the suits are finally showing up, but does that automatically make it a safer bet? Not really, it might just mean more people are entering the same volatile market, just wearing nicer clothes. That is what makes this worth debating right now, is Bitcoin actually maturing, or is it just getting better at looking stable while the same old risks are still sitting underneath it?

The Bitcoin we once knew will never change, even as many institutions and large corporations enter the market to adopt it on a massive scale.
It was designed to facilitate transactions without the need for a third party, though many have come to view Bitcoin primarily as a long-term investment asset due to its value preservation.
As for security, it all depends on how users safeguard their assets. The key focus here is on the wallet, the seed phrase, and the private key.

It is the holder who will take care of his btc. So before buying some, make sure you have understood the basics of how you will manage your crypto assets. Because if you will just store in a third party platform, I would say, you are like giving your assets to that third party platform as you have no full control of your assets. That is why you can always read or hear  when you talk about crypto - "not your keys, not your coins." And there's a reason for this famous saying in crypto world. Because if you have no control of your coins, you have no upper hand as to what will happen to it. Just take for example, if the site suddenly shuts down - then, what will happen to your coins. It's gone.. So that's just the said part of it.

[Odusko]

Bitcoin is back in the spotlight again, but not just because the price keeps moving all over the place. What really makes this interesting is that big Wall Street names keep getting deeper into crypto. Goldman Sachs just filed for its first Bitcoin ETF product, which makes a lot of people think, “okay, this is getting more mainstream now, right?” But at the same time, Bitcoin was still down nearly 15% for the year in that same stretch, so it is not like institutional interest suddenly erased the risk.

We should expect such level of exposure for Bitcoin since the EtF approval, because institutional actors are taking key positions for the future expected gains on their Bitcoin ETFs position.

And that is where the real discussion starts, because if major banks are stepping in, does that mean Bitcoin is becoming more legitimate, or does it just make the market look safer than it really is? The messy part is still there, regulation in the United States is still unclear, and Citigroup even cut its 12-month Bitcoin target after crypto legislation stalled. That is not some tiny warning sign, it is a pretty direct reminder that hype and uncertainty are still moving together.

What do you mean Bitcoin becomes more legitimate?
You sound a if Bitcoin is some illegal assets that I trying to fit into global stock market. What comes with ETF is more institutions and government agencies like pension funds and bank bringing in their large capital there by taking Bitcoin mainstream and grow public trust an confidence in Bitcoin investment.

[JeffBrad12]

Bitcoin feels bigger than ever, but is it safe?

If I speculate it is actually safer, we are aware that Bitcoin is currently influencing the government, big companies, big investors and so on, so there is no doubt about Bitcoin in the future.

Currently, Bitcoin is believed to be a hedge against inflation. If I speculate, Bitcoin in the future will actually be used as an asset for countries and large companies, because the rarer Bitcoin is, the more enthusiastic people are about using Bitcoin as an antique digital currency.

Make it a tool to invest in institutional level long enough and bitcoin will be stronger than ever because everybody is having a share of bitcoin.
Just need one more rally to prove that bitcoin is a great hedge against inflation even for the hedge funds and bitcoin's legitimacy within government will not be doubted anymore.

[tygeade]

Bitcoin is trying hard to break the resistance around $82k level but managing to stay above the psychological level $80k which is triggering on OP kind of people to think like whether bitcoin market is getting back to bullish trend or need to wait more for confirmation on bullish trend. In my opinion, only 50% chances for bitcoin to be in bullish trend as of now, when we do not know where the bottom but assuming that we are not going to make lower lows then we can assume that current times are safer to get into bitcoin.

Moreover, for long term planners, along with DCA at smaller level, even current market situation is just another perfect time to keep accumulating. In most market, there cannot be any clear sign about on-going trend but only with bitcoin and thanks to 4 year cyclic nature, we did assumed about clear trends so far but right now, we are also doing like other markets hence only with the help of DCA, we can handle the current bitcoin market as well.

[virasog]

it a safer bet?

yes bitcoin is a safer bet maybe for not the regulation is go yes and no but just take a look the big picture if you just look weekly or daily candle you gonna see the bitcoin price is rising year by year with or without government approval, this already prove for bitcoin to stand alone, but would be great if big country like US start to aprove bitcoin use and other things like paying tax, reserve and etc.

Bitcoin down even with ETF and other company is just part of the bear market itself there is no such an instrument that going to up only in a short term, big company like strategy tesla and other eventually gonna stop buying bitcoin when they think is enough to take profit or what ever is that

When you are looking for safe investment you do not look for short term price actions but you would see how the asset behave over the years and how strong is it's security and other things. So bitcoin has proven itself to be best asset in crypto and there is none other cryptocurrency that is better than bitcoin.

Sometime I see that some people are more interested in investing in altcoins, but they are looking for short term gains and if anyone is investing his life saving in any altcoin, it isn't good and safe decision. Bitcoin is far more better and it is digital gold.

[Bitcoin_people]

Bitcoin is the safest cryptocurrency that yoy could reply on for stability and transparency.  The question should be, "how well do you know bitcoin" and "how much do you trust bitcoin's system"? Bitcoin would keep going higher and breaking new highs and that would only mean progress, but the fear of catching it late is what many people have in their heads and that is the wrong perception towards bitcoin investment because it is long-term.

There are many who only think about the price of Bitcoin increasing, but many do not think about the more valuable things behind it. Especially decentralization, limited supply, and transparent blockchain system, these are the things that Bitcoiners need to pay attention to. However, there are many people who think of Bitcoin as a way to get rich quickly, but in fact, this is not possible if you do not plan for the long term. It is completely foolish to plan that the price of Bitcoin will only increase because there is instability in the market and it is natural for the market to fluctuate. If we look at the history of Bitcoin, we will certainly understand that the market has faced many big falls in the past, but it has come back again later, that is why our faith in Bitcoin is important as well as risk management. Investing late is scary, but many people actually think that they may not have entered the market at the right time, but basically those who plan for long-term investment must continue their investments through DCA.

[Hewlet]

So yeah, Bitcoin may look stronger now because the suits are finally showing up, but does that automatically make it a safer bet? Not really, it might just mean more people are entering the same volatile market, just wearing nicer clothes. That is what makes this worth debating right now, is Bitcoin actually maturing, or is it just getting better at looking stable while the same old risks are still sitting underneath it?

The fact that a set of people that didn't believe in bitcoin in time past now sees bitcoin as a big deal does not give validation to bitcoin and bitcoin does not need then to be seen as a safe asset to invest in.

The safety of bitcoin has been there all along. It's only holders of bitcoin that have failed in Thier part to really stay protected and to protect Thier bitcoin. That banks are getting involved in bitcoin doesn't mean it just gained trust or that anything has changed about it decentralised nature. With or without some of these big players, bitcoin is still what is is and stands as one if not the safest asset that even a common man can hold..

[Leahized]

Bitcoin is back in the spotlight again, but not just because the price keeps moving all over the place. What really makes this interesting is that big Wall Street names keep getting deeper into crypto. Goldman Sachs just filed for its first Bitcoin ETF product, which makes a lot of people think, “okay, this is getting more mainstream now, right?” But at the same time, Bitcoin was still down nearly 15% for the year in that same stretch, so it is not like institutional interest suddenly erased the risk.

If Bitcoin liquidity is more, it will be stronger for the future. Moreover, Bitcoin can achieve success in the long term, even investors get good returns. But with Bitcoin I never see any risk but sometimes the market falls a bit. Then everyone should keep calm and be patient for the situation to normalize. If ever major companies invest in Bitcoin,So that's a good thing. Moreover, the amount by which Bitcoin prices fall and rise each year is subsequently adjusted. So no need to worry too much about it.

[tabas]

The safety of bitcoin has been there all along. It's only holders of bitcoin that have failed in Thier part to really stay protected and to protect Thier bitcoin. That banks are getting involved in bitcoin doesn't mean it just gained trust or that anything has changed about it decentralised nature. With or without some of these big players, bitcoin is still what is is and stands as one if not the safest asset that even a common man can hold..

For the others, they don't like that the big players are there including the banks and financial institutions who have already put money where their mouth is. They don't want to neglect the potential growth of bitcoin. Being in the business and money game, they know if bitcoin is a hero or a zero. But that's why they have invested in it because they know it's a hero and there's the value of it will continue to rise. Having them in the same market won't make bitcoin a less and its decentralization.