Quote from: rehydrogenated on July 03, 2018, 03:23:01 PM

I think the real question here is, is any money you put anywhere "safe"? The USD is only valuable because of the faith that everyone puts in it. The same with stocks, bonds, gold, and soybeans. Tomorrow everyone could decide that all all-soy diet will change their life and make them lose weight and soybeans could end up becoming very valuable because people believe other people will buy those soybeans in the future. You have to remember the bitcoin is deflationary and a fixed supply and dollars are not fixed. It is also possible to hedge your bitcoin bets with futures contracts or by shorting at the right times, setting stop-losses, etc.

There is no assurance, as this takes risk but we all know that bitcoin has been existing for nine years so this means that bitcoin has a strong foundation of blockchain and it cannot easily be destroyed and when it comes to safety, I never doubt it.