Post
Topic
Board Economics
Re: Upcoming economic crisis - crypto safe haven like gold or not?
by
Jarijah
on 02/08/2018, 03:33:55 UTC
You can't call a safe haven a market like the crypto-market that is highly volatile and unpredictable. Safe means safe, what is safe to put your money in cryptos knowing that the market can crash at any moment? In December last year the BTC price was at $20k now at $8k, is it what you call safe?

Valid point taken. I guess what they mean to say is to store your assets in investment opportunities to survive or even thrive during the crisis. I believe that when shit hits the fan again, the dollar will go down again, will people flock to crypto. If the dollar goes down, does that mean the price of bitcoin will go up? if so, that seems a solid investment.

Gold is considered safe, but if the dollar is strong, it's better to stay out of it. The crash of BTC last december is just euphoria running out of steam and mass panic cash out.