Quote from: Leviathan.007 on April 08, 2020, 10:38:38 AM

Quote from: billknight on April 08, 2020, 10:32:27 AM

Bitcoin has proven to be more stable than many stock market assets. At all times, in difficult economic situations, during crises, people have invested money in eternal values - gold, diamonds. Now such values include the oil. But oil prices are falling as the industry falls. The main advantage of gold and diamonds is that they take up little space, they are easy to store and transfer, gold and diamonds are hard to mine, and their mining costs a lot of money. Bitcoin also has all the qualities of gold and diamonds. It is hard to mine, easy to store and Bitcoin mining costs a lot of money, and the number of Bitcoins issued thanks the halving that will happen in May will only decrease. I think that Bitcoin is a reliable asset that will only grow in value in future.

Exactly that's what I wanted to say. during those days all markets just started drop down including stocks the only this could be called a "safe haven" was gold. However, comparing to the other similar markets BTC downtrend was just much better. I aw many people the bought bitcoins for 4-5K and now Imagine how much profit they will get out of it easily.

Despite the small change, gold was also affected by the pandemic and did drop last month. It rebounded but still, it is affected by the pandemic and if the pandemic is not contained well for a long time, then that would also affect gold and it might also affect bitcoin. I agree though that bitcoin did well as it dropped to $4K and now we are at $7K but still going back to $6K.