Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a safe haven?
by
Quidat
on 16/08/2021, 23:31:22 UTC
To be honest, after Elon Musk withdrew a significant part of bitcoin from his turnover, and then bitcoin crashed, I really started to worry about my bills.
Why you should be worried? The impact lasts in a short time, maybe around a few weeks. After that, the Bitcoin price will be increasing again. It is normal if there are FUDs or more supply in the market, the price tends to drop a moment. But it won't last a long time (not for years), then the price will increase again gradually. Moreover, if there is positive news about Bitcoin, the price will increase easily.

It could be taken down in terms of its price but it could simply recover later on as a typical stuff that do happen.Just dont consider Bitcoin as a safe haven asset because it wasnt created for this purpose but rather
be more focused on  payment  system but since people do have different impressions and views then they do  came up into opposite idea.Always mind off about the risk no  matter how Bitcoin do rise  up
in the future.Always consider back up plans in terms of your investment, look for alternative so that you wont be ending up on waiting if the market tends to be  bad.