Quote from: Myfe on January 22, 2020, 11:51:29 PM

Quote from: elsniper on January 22, 2020, 10:30:03 PM

Nice video and the article!
----
Must watch

Why must WE watch it? You just watched it, couldn't you give us a summary of the information provided? A few bullets on why they believe bitcoin is a safe having for our money?

Bitcoin can only be considered a safe haven if we know the rest of an investor's portfolio. It's not a safe haven for all of one's money. The swings in Bitcoin are unreal. 10-15% price swings over the course of 24 hours is the exact definition of risky (not safe!) What Bitcoin does provide is a intriguing alternative to traditional investments (bonds, stocks, mutual funds, real estate). Cryptocurrency serves a great purpose in diversifying ones assets. There's a lot of upside potential, but that only comes with an equal amount of risk. Don't put all your money in bitcoin - please!

I can't watch videos in this capped mobile link anyway...

Bitcoin is safe in the LONG run. If you stop and look at the big picture, there is no doubt about it.

10-15% fluctuation is nothing compared to what it used to fluctuate in the past, and its only going to reduce even more from now on. But even if it were to eternally fluctuate 15%, it would still in the long run go up, just slower and slower overtime. So it IS safe.

A "non fluctuating" fiat might sound more enticing, their governments might even do a "proper job" to keep the inflation at 2% like their Chicago school economists want. BUT, this might change overnight, and you will not have time to react before its too late.

Those surprises do not come to Bitcoin, we already know where bitcoin is headed, and why. The fundamentals of its design, means it will not lose value over time like all fiats do. Therefore, when seen from a fiat perspective, it does look as it has always gone up.

So sure, trust your and $ or £ whatever. But remember, they CAN become worthless overnight, bitcoin won't, because the rules of Bitcoin cannot be changed on a whim by a few people. In my country the coin wasn't so bad, until it became the worst on Earth, and there was no time to react. However you trust your government, they still have the power to make you poor overnight, no one does with bitcoin, you have to fight the entire market to attempt manipulating its price, and even if you succeed partially, it will correct to the point it will burn your fortune. Believe it, some Chinese millionaires tried, and failed.

Satoshi cannot come tomorrow and change Bitcoin rules to become 42million, without the approval (consensus) of the majority, but it can happen to your fiats. Metals are a little better in that regard, typically gold. But still, there is no guarantee that a new source of gold could be found on Earth or in space, so while the surprise factor is much lower, its not as low as Bitcoin. Think of this, the sole "news" that someone finds a gold filled asteroid, could drop its price in the market. Will someone ever find a bitcoin filled asteroid?

The longer the timespan, the better you comprehend bitcoin's value. Of course diversify your portfolio if you want, that is never wrong.