Post
Topic
Board Speculation
Re: Does current market situation in China affect bitcoin?
by
Amph
on 08/07/2015, 08:20:08 UTC
Ditto. Bitcoin is the ultimate safe haven. In a market crash such as China (or Greece) more people will flock to Bitcoin to maintain the value of their assets.

You MUST be a noob. Bitcoin is NOT the ultimate safe haven, simply because it loses value. Gold is the ultimate safe haven, it keeps value over the short, medium, or long haul. You just can't go wrong with gold, especially in times of financial turmoil. Bitcoin has proven to NOT be the best medium of value storage. Gold is. Go with gold. Especially in times of financial turmoi such as now.

uhm no? gold is not the ultimate safe even if you comapre its ath of 1900 to its today price, do you call this a safe even? don't make me laught please, bitcoin is still in its beta pahse and it is already doing better than gold can even dream about

bitcoin is not losing any value, take a look at the average absolute value, not the occasional ATH, because does not count shit