Quote from: Twentyonepaylots on May 10, 2020, 02:24:41 PM

Quote from: DevilSlayer on May 10, 2020, 12:10:56 PM

Quote from: EdenDice on May 09, 2020, 11:22:25 PM

Bitcoin is one of the top investment no doubt, but I don't think it's a safe haven type investment. After investing, you can't sleep by ignoring the market, you have to look at the price so you can sell at high and earn profits! But most of the time bitcoin price remains low. If you did buy at 3800$, then Bitcoin is a safe haven already, but if you go for invest now, then you are taking a little bit risk!

Considering bitcoin as safe haven asset is not good idea because its value is changing due to its nature which is being volatile. Look what happened before, it crashed like other securities so we should not consider it as an asset that is safe. Everything depreciate even gold so we should be aware that prices moves in a trend. We should remove to our head the term safe haven especially if we are going to make investment because some of people are getting hyped when they thought that bitcoin is a safe haven.

Bitcoin is an asset but not safe haven, let's just compare the basic ones and the most discussed among all topics, bitcoin and gold, Gold is a safe haven and an asset since gold can store a value and it maintained its value over a long time period, it is volatile yes but it is very low that you would not even feel it when it drops, on the other side bitcoin, it is an asset because it can store a value but not a safe haven since it is very volatile, there is no word safe for something uncertain and volatile.

Indeed idea. Bitcoin isn't consider a safe haven asset in terms of its price. The price of bitcoin isn't stable and most of the time it changes. Bitcoin is one of the good and best asset yet you can't make sure what comes in the future knowing the idea of bitcoin. But ofcourse it is also depend on the person and its strategy. If you want bitcoin to be your best asset, you must learn and know some idea and knowledge on how to avoid loosing a lot of assets investment in bitcoin.

Gold or physical miney is a safe haven asset knowing it for its value that is stable and may not change for how many years may passed. Money isn't that essy to earn and it is not good for us to risk it in some unsure ways of earning even storing it or investing somewhere.