Quote from: slaman29 on February 14, 2020, 10:05:15 AM

Quote from: Gheka on February 13, 2020, 02:12:39 PM

Short-term thinking or long-term thinking, bitcoin is still a safe haven because the main trend of bitcoin is still a positive state and going up very often, so if we invest in the short term or the long run, we still have plenty of opportunities to exit the market without too much risk but this is only temporary safety when the statistics provide such a view. The nature of bitcoin is still tilted toward investment, instead of a place to store money, many potential risks can still occur over time, we should limit the storage here to ensure safety

Absolutely for the long term, I would never say short term because if you got caught out in 2018 or even some periods in 2019, you'd be looking at 3000 prices when most people bought then above 10k.

I would still store most of my savings in normal money though. I know my government is shit but they insure my money and yes maybe they can end up like bankrupt but it is a smaller risk than crypto losing it all (to me).

When your "normal" money goes from being able to buy one USD with 4ish in 2010, to require 7500000000 today (the same time bitcoin went from 0 to 10k) You will learn how "good" "normal" money is...

What you lack is experience. You have been pampered by your government, thinking they can never do wrong, same as we did, and probably same as every other single hyperinflation in the history of humanity.

"Normal" money can never do wrong, until it does, but then its too late...

I'm the opposite. Even with fluctuations (a sign of freedom), bitcoin is safer because no government can kill it. No idiot bureaucrat can make the dreaded decision to print a little more than usual, or get the country in hopeless debt because their budget doesn't fit anymore. As long as your "normal" money is in the hand of the few, this can happen to you.

If at all possible, now that i'm too poor to even accumulate savings in the first place, i would put most of them into bitcoin. People here go to the other fiats because they don't know better, but i do. Yes they are nice, for now... this "for now" part is the scariest part of fiat money, its a time bomb, and when it detonates, you cannot escape the blast. You will become poor overnight. Governments never announce devaluation, they do it, and then its too late.

Your trust in fiat money should be directly proportional to your trust in your government and politicians. You don't have to trust anybody with Bitcoin, that's the beauty of it.